In the early 1970s, the directors, many of whom were academics, became increasingly aware that rising costs jeopardized the survival of many highly respected publications. Their response, under the leadership of Evron M. Kirkpatrick, then president of the foundation, was to establish a publishing division within the foundation. This new group, Heldref Publications, was authorized to publish learned and professional publications, to promote them, and to make other educational organizations aware of the program. The idea was that these periodicals could be published more cost effectively as a group than as individually managed publications.

Today, Heldref produces 49 publications. Although they cover a wide range of subjects, they share a purpose of providing new ideas, information, and a means to communicate for scholars, teachers, students, and interested readers. Heldref achieves this purpose with the cooperation of hundreds of scholars and teachers who contribute their time and expertise as editors and advisors. Georgetown University Library, Washington, DC, is the official archivist for Heldref Publications. The executive director of Heldref Publications is James S. Denton.