From the University of Michigan Record:
The U-M Library has received a $1.25 million grant from the Andrew W. Mellon Foundation to create an endowed conservation librarian position.
The new position will enable the library to expand its well-established conservation program, which plays a vital role in ensuring that the library’s vast print collection is available for research, exhibition, and digitization.
The library is to receive $1 million from the foundation, which it will match by raising funds to create a total $2 million endowment within three years. The foundation also will provide $250,000 in spendable funds to hire and support the conservation librarian for the first three years.
The grant is among the largest the library has ever received.
Additional Details in the Full Text Announcement