A coalition of seven charitable foundations—led by the Mellon Foundation, and joined by the Ford Foundation, Hawthornden Foundation, Lannan Foundation, John D. and Catherine T. MacArthur Foundation, Poetry Foundation, and an anonymous foundation—have launched a $50 million Literary Arts Fund, “an unprecedented effort to dramatically boost the essential yet critically underfunded nonprofit literary arts field in the United States.” Jennifer Benka is executive director. She was previous...