Grants are sums of money given to help further the goals of small businesses or individuals. They can be awarded by government entities or private businesses. Unlike a loan, grants do not need to be repaid.
Offered since 1954, the James Laughlin Award is given to recognize and support a second book of poetry forthcoming in the next calendar year. The award was endowed in 1995 by a gift to the Academy from the Drue Heinz Trust. It is named for the poet and publisher James Laughlin (1914-1997), who founded New Directions in 1936. The winning poet receives a prize of $5,000, an all-expenses-paid weeklong residency at The Betsy Hotel in Miami Beach, Florida, and distribution of the winning book to approximately one thousand Academy of American Poets members.
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