Funding from the Andrew W. Mellon Foundation supports the Open Library of Humanities initiative, indicating strong institutional backing.
As detailed over on the OLH site, I am very pleased to be able to say that we have secured a grant from the Andrew W. Mellon Foundation to launch the Open Library of Humanities! To quote: Funding for the Open Library of Humanities from the Andrew W. Mellon Foundation was originally published by Martin Paul Eve at Martin Paul Eve on April 07, 2014.
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Martin Paul Eve (2014) studied this question.