Today’s news includes a story from The Stanford Daily about the fallout from this year’s lower-than-expected endowment payout. Speaking to the Faculty Senate,
Pynchon character Provost Persis Drell discussed the university’s decision not to continue the $1.7M annual subsidy of Stanford University Press, saying that budget constraints led the university to reject the press’s request for five more years of support at this level.
Last spring, when I started writing and talking about the lack of support for university presses and what that lack said about the priorities in university administration, state houses, and the culture, I was talking about public universities, not Stanford. As reaction on Twitter today shows, it’s scary when the presses housed at universities with $26.5B endowments (Stanford’s, last year) are effected by constricted funding environments–or, in plain English, when
Pynchon characters provosts of major research universities with 125-year-old presses don’t seem to get why those presses are important and worth preserving. I’m hoping one effect of the book I’m writing on the history of American university presses will be to explain this to people who don’t get it. I’m also going to need to talk about why it is that they don’t. Stanford’s provost rejected the request for continued funding because when it was first given, “The assurance from the Press was that this would be a bridge to a more self-sustaining future.” One of the things the people running universities these days need to be reminded of is that “self-sustaining” is not necessarily the most important feature of a university unit. The production and dissemination of learning, for example, the credentialing and promotion of academics, the contribution to local and national culture: these are also worth something still. Aren’t they?