New Fund to Grant $50 Million to Literary Arts Orgs
A coalition of seven charitable organizations, led by the Mellon Foundation, plans to award at least $50 million to nonprofit literary organizations over the next five years through the Literary Arts Fund.
The Literary Arts Fund, headed by Jennifer Benka, will target hundreds of charitable organizations and publishers that serve writers and readers in ways distinct from commercial publishing in the U.S.
- Mellon Foundation
- Ford Foundation
- Hawthornden Foundation
- Lannan Foundation
- John D. MacArthur Foundation
- Poetry Foundation
- An anonymous foundation
The new initiative aims to support the nonprofit literary sector.
No direct quotes available in the text.
Author's summary: New fund grants $50 million.
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