diff --git a/cms/envs/common.py b/cms/envs/common.py
index 86cf6bdff9..19e740facc 100644
--- a/cms/envs/common.py
+++ b/cms/envs/common.py
@@ -2914,8 +2914,8 @@ SOCIAL_MEDIA_LOGO_URLS = {
     'facebook': 'http://email-media.s3.amazonaws.com/edX/2021/social_1_fb.png',
 }
 
-# .. setting_name: DEFAULT_ORG_LOGO_URL
-# .. setting_default: organization_logos/_placeholder.png  # FIXME: change to correct placeholder
-# .. setting_description: The default logo URL for organizations that do not have a logo set.
-# .. setting_warning: This URL is used as a placeholder for organizations that do not have a logo set.
-DEFAULT_ORG_LOGO_URL = 'organization_logos/_placeholder.png'  # FIXME: change to correct placeholder
+# .. setting_name: DEFAULT_ORG_LOGO_PATH
+# .. setting_default: 'images/org_placeholder.png'
+# .. setting_description: The default logo path for organizations that do not have a logo set.
+# .. setting_warning: This path is used as a placeholder for organizations that do not have a logo set.
+DEFAULT_ORG_LOGO_PATH = 'images/org_placeholder.png'
diff --git a/lms/static/images/org_placeholder.png b/lms/static/images/org_placeholder.png
new file mode 100644
index 0000000000..839429ea7f
Binary files /dev/null and b/lms/static/images/org_placeholder.png differ
diff --git a/openedx/core/lib/courses.py b/openedx/core/lib/courses.py
index b77f232cdd..969504eba5 100644
--- a/openedx/core/lib/courses.py
+++ b/openedx/core/lib/courses.py
@@ -41,7 +41,7 @@ def course_image_url(course, image_key='course_image'):
 
 def course_organization_image_url(course):
     """Return the course organization image URL or the default image URL."""
-    default_logo_url = settings.MEDIA_URL + settings.DEFAULT_ORG_LOGO_URL
+    default_logo_url = settings.STATIC_URL + settings.DEFAULT_ORG_LOGO_PATH
 
     org = Organization.objects.filter(short_name=course.id.org).first()
     return org.logo.url if org and org.logo else default_logo_url