Here’s some really cool news: Harry Potter author J.K. Rowling’s 2008 Harvard commencement speech about the benefits of failure will be published next year.

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The book, titled Very Good Lives, will be released April 2015 by Rowling’s Casual Vacancy publisher Little, Brown. The illustrator of her first post-Potter novel, Joel Holland, will create illustrations for Very Good Lives.

90% of proceeds will go to Rowling’s charity Lumos, while the remaining 10% will go to financial aid at Harvard University.

“I have heard and read many commencement speeches, none more moving and memorable than J.K. Rowling’s,” said Harvard president Drew Gilpin Faust in a press release. “Years after her visit to Harvard, people still talk about it — and still find inspiration in her singular evocation of the idea that living a meaningful life so often means daring to risk failure. What a powerful example she embodies, and what a remarkable gift her speech was, and is, for all of us privileged to hear it then — and to read it now.”

We see Rowling’s commencement speech quoted quite frequently, even six years after she delivered the speech. The part that’s most frequently quoted is this bit:

“You might never fail on the scale I did, but some failure in life is inevitable. It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all – in which case, you fail by default.”

The cover for Very Good Lives is below:

This book will probably become a popular gift to give to graduates. We can imagine it right up there with books like Dr. Seuss’ “Oh, The Places You Will Go”. Choosing Rowling’s book will be the more thought-provoking option.

Watch Rowling’s entire commencement speech below: