Open Access News

News from the open access movement

Friday, April 13, 2007

OA encyclopedia nears its fund-raising goal

SEP Nears its Goal to Preserve Open Access, a press release from the Stanford Encyclopedia of Philosophy, April 12, 2007.  Excerpt:

The Stanford Encyclopedia of Philosophy, with significant help from the worldwide library community, is nearing its goal of raising a $4,125,000 endowment for the SEP. Stanford has helped to raise $1,125,000 in private donations, and its library partners (SPARC, ICOLC, SOLINET, and others), representing the worldwide library community, have agreed to help raise $3,000,000 in institutional memberships. The resulting protected endowment will generate enough in appreciation and interest income to cover the SEP's expenses in perpetuity. Accordingly, the SEP is rapidly approaching its goals:

  • Individual Fundraising: Stanford has nearly reached its goal with some large donations from donors outside academia who have backgrounds in philosophy, as well as contributions from many professional philosophers.
  • Library Fundraising: The libraries have made substantial progress, collectively contributing $1,505,455 in pledges. Counting the $500,000 in NEH matching funds, the libraries have commitments totaling $2,005,455.

We Still Need Your Help

When we began this journey, many librarians were skeptical of this innovative approach to open access. Given that we are ? of the way to achieving the goal of perpetual open access to this philosophical reference work, we do not expect to go away anytime soon. However, the SEP still needs $1,000,000 in new commitments from the library community to reach its goal. Of the 120 libraries at institutions with Philosophy Ph.D. programs in the U.S. and Canada, 49 have committed the full amount requested ($15,000) to support the SEP and 18 have made a partial commitment. For the many libraries that have pledged their support, we thank you! For those that have not, we would appreciate your help to preserve open access to a resource that is used at universities just like yours across the globe hundreds of thousands times each week.