Since its inception in 1992, the Xeric Foundation has given out over $2,500,000 worth of grants to help independent comics artists get their work into print. But now it's coming to an end.
Founder Peter Laird (the co-creator of Teenage Mutant Ninja Turtles) posted a message on the foundation's website saying that the world has changed, and it's time for the Xeric Foundation to change as well:
The advent of essentially free web publishing has forever altered the way aspiring comic book creators can get their work out into the public eye. With this in mind, I have decided that it makes sense that the Xeric Foundation will no longer provide grants to self-publishing comic book creators, and instead devote all of its available grants funds to charitable organizations.
However, aspiring creators do have one last chance: The foundation will award one last round of grants, with work being reviewed in May 2012.
The most recent Xeric award winners were announced in February.
(via Comics Worth Reading)