ArXiv gets multiyear funding as independent nonprofit
The gist
arXiv announced $17.2 million in multiyear funding from three philanthropies for its independent nonprofit move.
The 35-year-old open science archive serves millions of researchers and is splitting from Cornell.
How it unfolded
- Sep 23, 2026arXiv announces that Simons Foundation International, XTX Markets and Siegel Family Endowment have provided multimillion-dollar support: a $17.2 million investment spanning three to five years, to support its establishment as an independent nonprofit.
- Sep 24, 2026News reports state arXiv has secured $17.2 million in multiyear philanthropic commitments from the three funders, provided over three to five years.
- Sep 24, 2026Reports note the announcement comes two months after arXiv unveiled its inaugural Chief Executive Officer and Board of Directors, key steps in its transition from Cornell University to an independent nonprofit.