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ArXiv’s funding future boosted by hedge-fund charity

The financial sustainability of the ArXiv preprint server at Cornell University Library received a boost yesterday with the announcement that the Simons Foundation would provide the repository with up to $300,000 a year in funding for the next five years. The sum would include a $50,000 a year unconditional grant, with the remainder being matched to funds provided by ArXiv’s other donors. 

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