Grants and Acquisitions

Abstract

The MIT Press recently announced that it has received a $10 million gift from Arcadia—a charitable foundation that works to protect nature, preserve cultural heritage, and promote open access to knowledge—to establish the Arcadia Open Access Fund. The new fund will support the MIT Press’s groundbreaking efforts to publish open access books and journals in fields ranging from science and technology to the social sciences, arts, and humanities. It will also help the MIT Press continue to develop tools, models, and resources that make scholarship more accessible to researchers and other readers around the world. Arcadia is providing an outright endowment gift of $5 million, as well as a $5 million “challenge” gift to incentivize other funders by matching their support of MIT’s open publishing activities.