Poetry: How $100 Million Changes You

It’s been a year since Poetry Magazine was given $100 million. “Over the last 12 months, the euphoria within the organization over what is believed to be the largest gift to a literary group — and which effectively guarantees in perpetuity the survival of the monthly founded 91 years ago in Chicago — has been undercut by the prosaic details of managing new wealth and responsibly employing it in the service of poetry. For some staffers, the excitement over a submission by a promising new poet has competed with the tedium of long meetings on legal, accounting and investment issues.”