A Poet Laureate receives an annual stipend of $35,000, accompanied by an additional $5,000 for travel expenses, bringing the total annual compensation to $40,000.
Breakdown of Compensation
The compensation for the Poet Laureate is structured to cover both their annual service and necessary travel related to their duties.
- Annual Stipend: The base payment for the Poet Laureate's service is $35,000 per year. This stipend acknowledges their role in promoting poetry and literature.
- Travel Allowance: An additional $5,000 is allocated specifically for travel, enabling the Poet Laureate to attend events, give readings, and participate in literary programs across the country.
Here's a quick overview of the financial components:
| Component | Amount |
|---|---|
| Annual Stipend | $35,000 |
| Travel Allowance | $5,000 |
| Total Compensation | $40,000 |
Funding Source
It's important to note that the Poet Laureate's salary is not funded by the U.S. government. Instead, it is supported by a private endowment. This compensation stems from a generous gift established by philanthropist and poet Archer M. Huntington. This private funding ensures the continuity of the Poet Laureate program, an initiative designed to elevate the visibility and appreciation of poetry in American culture.
The role of the Poet Laureate Consultant in Poetry to the Library of Congress, as the position is officially known, is a prestigious one. It involves promoting poetry, leading literary initiatives, and serving as a national advocate for the art form. More information about the program can be found on the Library of Congress website.
