TheStreet.com Donates $50,000 to Honor Former Editor Dave Morrow

TheStreet.com announced today that it will donate $50,000 to the memorial fund honoring former Editor in Chief Dave Morrow, providing a matching amount to the personal donation previously pledged by TheStreet.com's Co-Founder and Chairman Jim Cramer.

The combined $100,000 in donations will help provide scholarships and honor outstanding journalism as a tribute to Morrow, who died earlier this month at the age of 49. Morrow led TheStreet.com as editor in chief from 2001-2009 before becoming the first Donald W. Reynolds Endowed Chair in Business Journalism at the University of Nevada, Reno.

"TheStreet.com owes much to Dave Morrow, whose talent, integrity and journalistic vision helped us become a leader among online financial news organizations," said Chief Executive Daryl Otte. "It is only fitting that we help carry on the work he had begun to prepare the next generation of financial journalists and safeguard America's proud history of great journalism."

Jim Cramer kicked off donations to the new Dave Morrow Prize for Audacious and Talented Financial Journalists earlier this month with his personal pledge of $50,000.

The fund is hosted by the Society of American Business Editors and Writers (SABEW), in cooperation with Morrow's family, and will be used for both college tuition for promising students aspiring to careers in financial journalism as well as for students or young journalists seeking to attend SABEW's annual conferences.

Donations in the form of checks should be made payable to the Dave Morrow Prize and sent to SABEW, University of Missouri - Columbia, School of Journalism, 134 Neff Annex, Columbia MO, 65211-1200. Make credit card donations by calling SABEW's Vicki Edwards, (573) 882-2878. SABEW is a nonprofit 501(c)(3) organization, and donations will be tax deductible. SABEW's tax identification number is 36-3297751.