Today, the foundation has a budget of more than $6 million. The magazine gets $1.5 million a year, and $2.2 million goes to educational programs. Poetry’s website alone receives a hefty $1.2 million, a point of contention in literary circles. Then there’s $1.3 million for administrative costs, including salaries for the 20-person staff. “We have a guideline that forces us to never spend more than 5 percent (annually) of the total market value of the endowment,” said John Barr, president of the Poetry Foundation.

How much has this helped? By some accounts, a great deal: circulation at the magazine is up to 26,000, and last spring the magazine won a National Magazine Award over favorites like the Paris Review. At the same time, more money, more problems: Barr has met with a huge amount of criticism for overspending and other management issues aside:

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New Career Opportunities Daily: The best jobs in media.

The ceremony has concluded, but the complete list of winners follows below…

1:20 p.m. Epicurious has won the general excellence digital media, service and lifestyle award. Tablet Magazine has won the blogging award.

1:30 p.m.Life.com has won the photography and digital media award. The New York Times Magazine has won the design, digital media award.

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New Career Opportunities Daily: The best jobs in media.