The Texas Tribune, a new non-profit news organization launched by former Texas Monthly editor Evan Smith, today announced that it has received $750,000 in grants a month before its Web site goes live. $500,000 was donated by Houston Endowment, a private foundation created by Mr. and Mrs. Jesse H. Jones, while the Knight Foundation contributed another $250,000.

Full release about the funding after the jump.

Earlier: From Texas Monthly To Texas Weekly: Evan Smith Picks Up Experienced Staff For New Venture

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