January 27, 2009

It’s Official: MoJo Interns Rejected for TARP Funds

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Well, it looks like it’s official. Despite our considerable efforts, Mother Jones is getting no federal bailout funds. According to YooJin Na at the Office of the Comptroller of the Currency, “your organization is not eligible for the TARP-CPP.” Supportively, he included a link to the Treasury Department’s special Emergency Economic Stabilization Act website.

TarpEmail.JPG

But that’s only one G-man’s opinion—we have yet to hear the verdict from the other places we applied. So there’s still hope.

Like Matthew Lesko and Edwardsville, Alabama, we know there’s got to be federal money for everyone somewhere. We’ve condensed the already pretty effortless Troubled Assets Relief Program (TARP) application process below, so you too can test your luck.

Apply for your bailout, in two frighteningly easy steps:

1. Fill out this form.

2. Email it to the Federal Deposition Insurance Corporation at assessments@fdic.gov, the Office of Thrift Supervision at webmaster@ots.treas.gov, the Office of the Comptroller of the Currency at Customer.Assistance@occ.treas.gov, or the Federal Reserve. Try all four to maximize your odds.

It pays to take your chances: 27 minutes for a possible 30-billion-dollar payout. That’s sure better than than waiting tables.

—Alexis Fitts and Daniel Luzer

WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

payment methods

WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

payment methods

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