The Foundation establishes the Atlantic Awards to assist promising British writers “dislocated and exhausted” after the war, with 47 writers, poets and playwrights receiving awards.

In the U.S., grants are made to Kenyon Review, Sewanee Review and Pacific Spectator to subsidize young writers. Among those authors are: Irving Howe, Flannery O’Connor, James Baldwin, John Berryman and Elizabeth Bishop.