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McSweeney’s to Become Nonprofit

October 23, 2014

McSweeney’s, the San Francisco-based independent publisher, has announced plans to become a nonprofit, which will allow the small press to pursue projects that won’t necessarily make money, founder Dave Eggers told The New York Times.

Eggers, 44, said that nonprofit status would allow the press to continue its mission to support avant-garde literature for its risk-taking rather than profitability—since profits were never really part of the plan. “For 15 years now, it’s been a break-even operation,” he said. “I’ve always been attracted to books and projects that we love and are passionate about, and it doesn’t always intersect with books that will sell a million copies.”

Originally founded in 1998 as a for-profit company, McSweeney’s currently operates as a fiscally sponsored project of SOMArts, an independent nonprofit based in the South of Market Cultural Center in San Francisco. This sponsorship allows McSweeney’s to request and accept tax-deductible donations through SOMArts until it becomes a nonprofit. McSweeney’s will apply for nonprofit status in the next month, Eggers said to the San Francisco Chronicle.

“Now there are all these things that seem possible,” he said, referring to McSweeney’s plans to improve and increase its publishing output in areas that traditional publishers find hard to profit from, including an expanded series of poetry books and translations. And, though the Believer, McSweeney’s monthly magazine, will become a bimonthly magazine this January, Eggers said that it will be longer, and include more investigative journalism pieces.

Eggers said that McSweeney’s’ new status will not change the current editorial staffing; however, they are looking for a development director.

“Our goal is to exist and keep on publishing in whatever way is most viable, and for us that’s as a nonprofit,” he said.


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