The Poetry Foundation Has Hundreds Of Millions Of Dollars. Should It Be Giving Away More Right Now?

The foundation has only pledged $25,000 for COVID relief. “The Poetry Foundation’s IRS filings between 2016 and 2018 suggest the Foundation averaged about $213 million in assets that weren’t tied up in real estate or restricted. In 2018, the Foundation reported that it spent about $4 million on education, public programs and prizes; nearly $1.5 million on its website; and $1.2 million on Poetry Magazine, after accounting for $703,000 in revenue.” – Chicago Tribune