Former Dow Jones News Fund director dies at 70

Richard S. Holden, who retired in 2014 after 22 years as executive director of the Dow Jones News Fund and 19 years as an editor of The Wall Street Journal, died Wednesday in Morristown, New Jersey, after a lengthy illness, according to an announcement from the fund.

He was 70.

Holden was appointed executive director of the fund in 1992. The fund is a private nonprofit foundation established by Dow Jones in 1958 to encourage students to consider and prepare for careers in journalism with the aim of strengthening American newsrooms.

In Holden’s years running the news fund, more than 2,000 college students received paid professional summer internships at some of the nation’s most prestigious and other publications following pre-internship residential training at journalism schools. And thousands of high school students attended summer editing workshops.

Before moving to the fund, Holden held a wide range of senior editing positions at The Wall Street Journal and The Asian Wall Street Journal in Hong Kong, where he was one of the founding editors. His last position at the Journal was senior editor overseeing the recruiting, hiring and training of the editors.

“Rich cared deeply about journalism and its future,” said Richard J. Levine, president of the Fund’s board of directors, in a statement. “At the News Fund, he moved aggressively to keep its internship and training programs attuned to the fast-changing needs of newsrooms as they were altered by the internet and digital technology while never losing sight of the importance of honing basic journalistic skills and expanding the diversity of the nation’s newsrooms.”

Mary-Anna Holden, his wife of 32 years, appealed for support to an ACES fellowship created in his name.

“I urge those whose lives were touched and careers made by Rich Holden to continue his legacy and commitment to promoting diversity and news gathering excellence by sending a contribution, large or small, to the Richard S. Holden Fellowship managed by the ACES Education Fund.

“As Rich said when he received the AAJA Leadership in Diversity Award, ‘Don’t give up the fight.'”

Contributions may be sent to the ACES Education Fund, c/o Neil Holdway, Treasurer; 409 S. Springinsguth Road, Schaumburg, IL 60193, earmarked for the “Richard S. Holden Fellowship” which aims to promote diversity and develop leaders among editors.

Due to the COVID-19 pandemic, a graveside service will be held at a later date in the Presbyterian Church of Madison’s historic Hillside Cemetery.