From Cornell University's Oct. 25 press release:
Thanks to a generous award from the Simons Foundation, Cornell University Library will take a major step toward building a permanent governance model for arXiv, the free scientific repository that has revolutionized the way scientists share information.
The Simons Foundation, which is based in New York City, has provided a $60,000 planning grant to support the development of a governance model that will guide the online repository's transition from interim to long-term governance.
The work proposed in the planning grant has already begun, and it will continue through April 2012. The grant supports multiple goals:
* Developing a set of arXiv operating principles and seeking input from key stakeholders;
* Refining the institutional fee model and revenue projection;
* Delineating a governance model and bylaws that clearly define roles and responsibilities for the Library and its partners; and
* Establishing an initial governing board that reflects the financial contribution levels of major stakeholders and the scientific community.
The University of Minnesota is an institutional supporter of arxiv.