How Poetry Magazine Is Spending Its $200 Million Donation

If you haven’t heard this story before, it’s a good one: in 2002, Ruth Lilly, an heir to a fortune built by Indianapolis pharmaceutical company Eli Lilly, donated $200 million to Poetry magazine, which at the time was a modest literary publication with a circulation of 10,000 and an annual budget of $700,000. The Chicago Tribune tells the fascinating story of how this enormous gift changed the game for poetry publishing.