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• arXiv, the free repository that has revolutionized the way scientists share information, is adopting a new governance and business model that will allow it to grow and succeed in the future. Thanks to an operating grant from the Simons Foundation, Cornell University Library has helped arXiv take a major step toward sustainability. Beginning in January and running through 2017, the Simons Foundation will provide up to $300,000 per year as a matching gift for the funds generated through arXiv’s membership fees. The grant also provides $50,000 per year as an “unconditional gift” that recognizes the Library’s stewardship of arXiv. “arXiv is now recognized as a public good that’s critical to scientists,” Anne R. Kenney, Carl A. Kroch University Librarian. “Through the generous support of the Simons Foundation and our member institutions, a tool that has transformed scholarly communication is becoming self-sustaining, and the Library is proud to help facilitate that transformation.”

Press Release: http://j.mp/RlMG19

http://arxiv.org/