The Literary Arts Emergency Fund, launched and administered by the Academy of American Poets, the Community of Literary Magazine & Presses (CLMP), and the National Book Foundation, will be distributing $3,530,000 million in emergency funding to 282 nonprofit literary arts organizations, magazines, and presses across the nation that have experienced severe financial losses due to COVID-19. The organizations and publishers to receive support reported $27,635,559 in financial losses to date and are projecting $48,137,391 in financial losses in the year ahead.
