Royal Literary Fund (RLF) is an independent non-profit private foundation based in London, United Kingdom. Established in 1790, the foundation provides grants and pensions to writers in financial difficulty. It also places writers in universities to help them develop their writing skills. The executive management board is responsible for the administration and management of the funds.Royal Literary Fund's investment portfolio is valued at over GBP173.42 million, with investments in private equity, and cash.