The objective of the Literature Endowment is to promote Estonian literary high culture and popularise literature. For that purpose, the Endowment supports physical and legal persons that are active in Estonia and represent Estonia to:
- create and publish original fiction, literary discussions, documentary literature of artistic value and translation literature;
- events that promote literature and literary culture organised by individuals, associations and authorities;
- popularise literature and organise conferences, lectures, seminars and other events;
- facilitate international literature related communication, participation in international conferences, seminars and book fairs;
- document, record and introduce literature and literary heritage;
- commemorate people involved in literature.
The Literature Endowment awards grants and benefits and gives awards. The Endowment awards project, creative work, life`s work, medicinal products and other benefits in accordance with its objectives and based on received applications. All benefits are awarded four times a year.
The project benefit is intended to promote, introduce, publish, popularise literature, preserve literary heritage, commemorate individuals that have been involved in literature, and for creative people of the area to enable them to take part in literary events and other activities.
The creative work benefits and creative grants are awarded to physical persons so that they can devote to creative work (writing of works, research and translating).
- Gustav Suits grant to literature researchers. Applications must be submitted by 20 November.
- Henno Rajandi grant to translators of fiction. Applications must be submitted by 20 November.
Every year up to eleven annual awards are given for the best work published during the previous calendar year in the following areas: fiction prose, poetry, dramatic literature, essays, children`s literature, translation of Estonian fiction and translation of fiction into the Estonian language. In addition, a free award, Russian literature award and article award are given.The Literature Endowment finances various organisations that award literature prizes based on appropriate applications, e.g. Betti Alver debut prize, Friedebert Tuglas short story prize, Juhan Liiv poetry prize, the Tower of Babel prize, literary journals annual prizes.