A coalition of seven charitable foundations—the Ford Foundation, Hawthornden Foundation, Lannan Foundation, John D. and Catherine T. MacArthur Foundation, Mellon Foundation, Poetry Foundation, and an anonymous foundation—announced the launch of the Literary Arts Fund in the United States. The fund will distribute at least $50 million over the next five years to literary nonprofits (not individual writers), with continued fundraising planned. Jennifer Benka will direct the fund. By way of comparison, the National Endowment for the Arts paid out roughly $32 million in grants in 2024, but only a fraction of those grants were specific to the literary arts. Learn more.
Jane Friedman has spent her entire career working in the publishing industry, with a focus on business reporting and author education. Established in 2015, her newsletter The Bottom Line provides nuanced market intelligence to thousands of authors and industry professionals; in 2023, she was named Publishing Commentator of the Year by Digital Book World.
Jane’s expertise regularly features in major media outlets such as The New York Times, The Atlantic, NPR, The Today Show, Wired, The Guardian, Fox News, and BBC. Her book, The Business of Being a Writer, Second Edition (The University of Chicago Press), is used as a classroom text by many writing and publishing degree programs. She reaches thousands through speaking engagements and workshops at diverse venues worldwide, including NYU’s Advanced Publishing Institute, Frankfurt Book Fair, and numerous MFA programs.
