Summary
A group of seven foundations has created a Literary Arts Fund to support independent publishers and writing nonprofits with at least $50 million over the next five years. The Andrew W. Mellon Foundation, a major arts supporter, initiated the fund. The fund aims to help literary organizations, which received a small share of arts grants in the U.S.
Key Facts
- The Literary Arts Fund will provide a minimum of $50 million over five years.
- It was initiated by the Andrew W. Mellon Foundation, a key supporter of the arts.
- The fund aims to support independent publishers and nonprofits focused on writing.
- The application process for the fund begins on November 10.
- Seven foundations, including the Ford Foundation and MacArthur Foundation, are backing the fund.
- A 2023 study showed literary organizations received less than 2% of $5 billion in U.S. arts grants.
- Jennifer Benka will oversee the fund's project, with a wide range of potential recipients.
