Regarding the person who made the bequest, the old saying: "a fool and his
money are easily parted" springs to mind; just what was this wealthy person
thinking? I should think $10m is in excess of what the Scottish Arts Council
spends on literature in a year, and they have a professional bureaucracy to
deal with reading poets' proposals.
P
> -----Original Message-----
> From: Poetryetc provides a venue for a dialogue relating to
> poetry and poetics [mailto:[log in to unmask]] On
> Behalf Of Douglas Barbour
> Sent: 20 February 2007 15:56
> To: [log in to unmask]
> Subject: Re: How do I love thee? Two hundred million ways ...
>
> 'The Poetry Foundation functions as an operating foundation,
> spending most of its money on its own activities rather than
> on grants. As Ethel Kaplan, a lawyer at a wealth-management
> firm and the chair of the board, put it, "Nobody wanted to
> sit back and read grant proposals-especially from poets." By
> January, the foundation had received eighty-eight million
> dollars. After all the money has been distributed, the
> foundation's budget will be about ten million dollars a year.'
>
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