A Poetically Difficult Year

It’s been a rocky year for Poetry magazine after the magazine learned it was bequeathed $100 million. “Poetry’s first order of business was to form a foundation to satisfy IRS regulations. But later developments seemed not just to suggest growing pains but to hint at the old adage that money ruins everything. Joseph Parisi, who had edited Poetry for 20 years, was named executive director of publications and programs of the new Poetry Foundation in May 2003, but by summer’s end, he had resigned. Then the foundation filed a lawsuit against a bank in Indiana for mismanagement of two of its trusts…”