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August 07, 2014

John Arnold Gives $2.8-Million to Nonprofit News Outlet

The Center for Public Integrity, which won journalism's prestigious Pulitzer Prize earlier this year, has been awarded a $2.8-million gift that will help it expand operations, the International Business Times reports.

The donor is John Arnold, a Houston-based former hedge-fund manager who made made his wealth trading natural gas. Under the Laura and John Arnold Foundation, Mr. Arnold and his wife have pledged or given away 10s of millions of dollars in recent years.

The gift to the nonprofit journalism organization, which won its Pulitzer for an investigation into coal companies denying benefits to miners stricken with black lung, will fund reporting into the role of money in state politics. Mr. Arnold himself is a state-level political donor.

The Laura and John Arnold Foundation previously donated money to the nonprofit news outlet ProPublica.

Read more about John Arnold, who is on our Philanthropy 50 list of people who give the most to charity, and read an opinion piece he wrote for The Chronicle in response to criticisms about his philanthropy.