DC Area Non-Profit Media Organizations Awarded $2.0 Million in Challenge Grants

CHEVY CHASE, Md., Sept. 2 /PRNewswire-USNewswire/ -- Carolyn and Jeffrey
Leonard of Chevy Chase, announced today the award of two $1.0 million
challenge grants to Washington, D.C.-based independent media organizations --
The Washington Monthly and WPFW Radio. The grants are intended to assist both
organizations to continue and expand their existing program operations as
independent, progressive media outlets.

In announcing the gift, the Leonards noted that: "Both WPFW and The
Washington Monthly are home-grown local institutions that provide unique and
independent media content. We wanted to take a significant step to protect
their legacy as voices of diverse and poignant viewpoints on culture, policy
and community."

These latest grants from the Leonards are in addition to four $1.150 million
challenge grants awarded in late 2007 to assist metropolitan Washington area
organizations to develop further their programs serving low income and diverse
communities. The challenge grants have assisted each of these grow their
endowments, with the operating income earmarked for the designated programs
for the benefit of low-income and diverse communities.

The four previous recipient institutions are:

Beacon House, a youth educational organization located in the Edgewood Terrace
area of NE Washington;

City Year- Washington program, a youth service program with programs
throughout the District;

Round House Theatre, Bethesda, specifically to support programs for low-income
and youth populations; and

Strathmore, Bethesda, in support of special programs to promote diversity and
greater outreach to low-income communities.

Jeff and Carolyn Leonard are both life-long residents of the metropolitan
area. Carolyn has worked as a Psychologist for the Head Start program of
Montgomery County Schools since 1983. Jeff is co-founder and CEO of Global
Environment Fund, (GEF) a private equity investment firm founded in 1990 that
focuses exclusively on investments in energy and environment related
technologies worldwide.

Jeff and Carolyn have worked with and supported each of the recipient
organizations for many years. Their charitable contributions are targeted on
ensuring the legacies of long-time Washington area organizations that enrich
the diversity and vibrancy of the local DC community.

SOURCE Carolyn and Jeffrey Leonard Charitable Fund

Jeffrey Leonard of the Carolyn and Jeffrey Leonard Charitable Fund,
+1-240-482-8928; Paul Glastris, Editor of The Washington Monthly,
+1-202-213-6449; or Ron Pinchback, General Manager of WPFW, +1-202-588-0999
ext. 358