Cornell University Library has announced a major grant from the Simons Foundation to support the costs of operating arXiv. The grant will provide up to $300,000 per year to match contributions from institutions which have supported arXiv since 2010. From the announcement:
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….As an open-access service, [arXiv] allows scientists to share “preprint” research before publication and boasts hundreds of thousands of contributors. In 2011 alone, arXiv saw close to 50 million downloads from all over the world and received more than 76,000 new submissions.
Iowa–through the University Libraries–has committed to providing annual support for arXiv since a call for support went out from Cornell. It is an especially important resource for researchers in physics, mathematics, and computer science, among others. It has been hosted at Cornell since 2001, when its founder, Paul Ginsparg, joined the faculty. See also the article by Jennifer Howard in the Chronicle.