arXiv receives 17.2 million multiyear investment

arXiv is pleased to announce that three leading philanthropic organizations have provided multimillion-dollar support for arXiv. These new multiyear philanthropic commitments from Simons Foundation International, XTX Markets, and Siegel Family Endowment will support platform development, organizational capacity, and overall provide foundational support to arXiv’s establishment as an independent nonprofit. The $17.2 million investment, spanning three to five years, will support arXiv as it transitions to independence by strengthening its technical infrastructure, supporting ongoing operations, and improving services for researchers around the world.

For three and a half decades, arXiv has been a trusted venue where researchers can share and access scientific findings. Today, we serve millions of users annually and play an essential role in scholarly communication across physics, mathematics, computer science, quantitative biology, quantitative finance, statistics, electrical engineering and systems science, and economics.

Helping Fund a New Organization

I am grateful for the commitments from Simons Foundation International, XTX Markets, and Siegel Family Endowment, which put arXiv on solid footing as we move into this next chapter. Their generous support provides a strong foundation and momentum for arXiv to continue to grow and serve the research community for the long term.” The new commitments build on previous philanthropic support for arXiv. arXiv gratefully acknowledges their community-based donors, including member organizations, foundations, affiliates, sponsors, and longstanding supporters.

penelope lewis, chief executive officer, arxiv

These new commitments will support three core areas of work:

• General operation and ongoing improvement of arXiv’s services for the research community;
• Continued technical development of the platform, including work related to the management of AI-generated content and other emerging challenges in scholarly communication; and
• Strengthening of arXiv as an independent nonprofit, including investments in governance and organizational operations.

Simons Foundation International

Building on the Simons Foundation’s long-standing support of arXiv, Simons Foundation International has made a new multi-year commitment to support the organization’s next phase as an independent nonprofit.

For 35 years, arXiv has made math and science more open, transparent, accessible and collaborative. By growing into an independent nonprofit, arXiv will be positioned to evolve and modernize its systems to better serve the scientific community and to secure its future.

david spergel, president, simons foundation

XTX Markets

XTX Markets and its founder, Alex Gerko, have supported arXiv’s mission for the past two years. The firm is now making a new multi-year commitment to strengthen arXiv’s role as a trusted platform for open scientific research. 

For decades, arXiv has been an important bedrock for open science. Now, with rapid advances in AI driving changes across academia, it is even more valuable to have robust, open-source infrastructure for science. XTX Markets is delighted to continue our support for arXiv in this important endeavor.

simon coyle, head of philanthropy, xtx markets

Siegel Family Endowment 

Siegel Family Endowment has made a multi-year commitment to arXiv, advancing a shared vision for equitable digital infrastructure and open knowledge.

Open access to knowledge is a cornerstone of a healthy research ecosystem, but it is also essential to a thriving digital ecosystem and to ensuring people can equitably access and participate in the knowledge that shapes our world. We’re looking forward to supporting arXiv in its next chapter as essential infrastructure, enabling communities to share ideas, build on one another’s work, and sustain a living body of knowledge.

Joshua elder, svp & head of grantmaking at siegel family endowment

We are especially grateful to our major funders, who trust in arXiv’s important work, and are committed to our vision. Our major funders create a solid foundation of support and are an essential part of arXiv’s sustainable funding model, which is supplemented by our membership program, as well as our sponsors, our affiliates, and individual donors. Thank you for your unwavering support of arXiv!