Poetry Foundation Gets a Dose of Wall Street

The Chicago-based Poetry Foundation, formerly known as the Modern Poetry Association, the publisher of Poetry magazine, recently named John Barr as its president. Barr, a founder and managing director of SG Barr Devlin Associates, an investment banking firm in New York City, is also a published poet and a president emeritus of the nonprofit Poetry Society of America.

The announcement came a little over a year after the organization received $100 million from pharmaceutical heiress Ruth Lilly.