Coalition Launches $50 Million Fund to Support Indie and Nonprofit Publishers Nationwide
A new $50 million charitable fund will support indie and nonprofit publishers, addressing a chronic shortage of financial backing for these organizations. The fund aims to provide critical funding for independent writing and reading initiatives.
A $50 million charitable fund has been established to support independent publishers and nonprofit organizations focused on writing and reading, addressing chronic financial shortages faced by these entities. The coalition of seven foundations aims to provide critical funding for publishing initiatives that promote literacy and cultural enrichment. The new initiative is expected to have a significant impact on the literary landscape, enabling more diverse voices to be heard and promoting access to written content. The fund will primarily focus on independent publishers and nonprofits, providing them with the necessary resources to continue their vital work.
