The new $50M Literary Arts Fund will support independent publishers and nonprofits

NEW YORK (AP) — A coalition of seven charitable foundations has established a Literary Arts Fund to support independent publishers and nonprofit organizations. The fund will distribute at least $50 million in grants over the next five years. The Mellon Foundation initiated the idea, with president Elizabeth Alexander highlighting literature's importance. Participants include the Ford Foundation and the Poetry Foundation. The application process begins Nov. 10. Alexander noted that planning for the fund began before recent cuts by the National Endowment for the Arts. The grants will likely support a range of recipients, from poetry festivals to small publishers.

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