diff --git a/.VERSION b/.VERSION
index a2f28f43b..6d2890793 100644
--- a/.VERSION
+++ b/.VERSION
@@ -1 +1 @@
-8.4.0
+8.5.0
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 14255156a..f21b947cb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,7 @@
 
 - [Change Log](#change-log)
     - [Unreleased](#unreleased)
+    - [8.5.0 (2024-05-25)](#850-2024-05-25)
     - [8.4.0 (2024-03-06)](#840-2024-03-06)
     - [8.3.0 (2022-05-07)](#830-2022-05-07)
     - [8.2.5 (2021-08-17)](#825-2021-08-17)
@@ -46,7 +47,25 @@
 
 ### [Unreleased](https://github.com/jacobwilliams/json-fortran/tree/HEAD)
 
-[Complete Changeset](https://github.com/jacobwilliams/json-fortran/compare/8.4.0...HEAD)
+[Complete Changeset](https://github.com/jacobwilliams/json-fortran/compare/8.5.0...HEAD)
+
+### [8.5.0](https://github.com/jacobwilliams/json-fortran/tree/8.5.0) (2024-05-25)
+
+[Complete Changeset](https://github.com/jacobwilliams/json-fortran/compare/8.4.0...8.5.0)
+or [Download v8.5.0](https://github.com/jacobwilliams/json-fortran/releases/tag/8.5.0)
+
+**Enhancements:**
+
+- Various CMake updates:
+  - Only installing if json-fortran is the top level project. Added a library alias so that json fortran can be included with `find_package`, `fetch_content`, and `add_subdirectory` easily. [#526](https://github.com/jacobwilliams/json-fortran/issues/526) [#527](https://github.com/jacobwilliams/json-fortran/pull/527) , [#528](https://github.com/jacobwilliams/json-fortran/pull/528), [#529](https://github.com/jacobwilliams/json-fortran/pull/529) [#556](https://github.com/jacobwilliams/json-fortran/pull/556) ([K20shores](https://github.com/K20shores))
+  - Fixed compilation with Ninja and Intel OneAPI ifx compiler, and added some CMake options [#557](https://github.com/jacobwilliams/json-fortran/pull/557) ([lmdiazangulo](https://github.com/lmdiazangulo))
+  - Note that the CMake minimum version is now `3.18`.
+- Added a new unit test. [#546](https://github.com/jacobwilliams/json-fortran/issues/546) [#547](https://github.com/jacobwilliams/json-fortran/pull/547) ([jacobwilliams](https://github.com/jacobwilliams))
+- Various CI and Readme updates.
+
+**Bug Fixes:**
+
+- Fixed a bug when IEEE floating-point rounding mode was set to `IEEE_DOWN`. [#545](https://github.com/jacobwilliams/json-fortran/pull/545) ([amanotk](https://github.com/amanotk))
 
 ### [8.4.0](https://github.com/jacobwilliams/json-fortran/tree/8.4.0) (2024-03-06)
 
diff --git a/CMakeLists.txt b/CMakeLists.txt
index c94daba50..816d71164 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -40,7 +40,7 @@ include ( "cmake/checkOutOfSource.cmake" )
 #---------------------
 project (
     jsonfortran
-    VERSION 8.4.0
+    VERSION 8.5.0
     LANGUAGES Fortran
 )
 
diff --git a/README.md b/README.md
index bb002e152..cf2da9b78 100644
--- a/README.md
+++ b/README.md
@@ -138,11 +138,11 @@ if you have a second copy of the JSON-Fortran project tree, and want to build th
 linking against those compiled/installed by the first copy:
 
 ```CMake
-cmake_minimum_required ( VERSION 2.8.8 FATAL_ERROR )
+cmake_minimum_required ( VERSION 3.18 FATAL_ERROR )
 enable_language ( Fortran )
 project ( jf_test NONE )
 
-find_package ( jsonfortran-${CMAKE_Fortran_COMPILER_ID} 8.4.0 REQUIRED )
+find_package ( jsonfortran-${CMAKE_Fortran_COMPILER_ID} 8.5.0 REQUIRED )
 
 file ( GLOB JF_TEST_SRCS "src/tests/jf_test_*.F90" )
 foreach ( UNIT_TEST ${JF_TEST_SRCS} )
diff --git a/pages/development-resources/release-checklist.md b/pages/development-resources/release-checklist.md
index 0678a3019..7d4eaa677 100644
--- a/pages/development-resources/release-checklist.md
+++ b/pages/development-resources/release-checklist.md
@@ -53,7 +53,7 @@ remain accurate.
  1. Update the version string in remaining files requiring manual edits:
      1. Edit the product version in CMake
      1. Run cmake to generate the `.VERSION` file  (or manually update this file if not running CMake)
-     1. Edit the CMake example on line 141 of `README.md`
+     1. Edit the CMake example on line 145 of `README.md`
      1. Edit the `json_fortran_version` string in `json_module.F90`
 	 1. Add these files to the git index: `git add .VERSION README.md ./src/json_module.F90`
  1. Commit the changes to the master branch: `git commit`
diff --git a/pages/releases/index.md b/pages/releases/index.md
index 1d3295058..2c9433a4c 100644
--- a/pages/releases/index.md
+++ b/pages/releases/index.md
@@ -25,6 +25,9 @@ documentation from the documentation for official releases other than
 using the browser's back button. Feel free to bookmark this page, or
 the [main project page](|url|/index.html) for convenient navigation.
 
+* [8.5.0](https://jacobwilliams.github.io/json-fortran/prev/8.5.0/index.html)
+   ([FORD](https://github.com/Fortran-FOSS-Programmers/ford) generated documentation)
+    - [Download](https://github.com/jacobwilliams/json-fortran/releases/tag/8.5.0)
 * [8.4.0](https://jacobwilliams.github.io/json-fortran/prev/8.4.0/index.html)
    ([FORD](https://github.com/Fortran-FOSS-Programmers/ford) generated documentation)
     - [Download](https://github.com/jacobwilliams/json-fortran/releases/tag/8.4.0)
diff --git a/src/json_module.F90 b/src/json_module.F90
index 9135ffef2..7c1c12ac5 100644
--- a/src/json_module.F90
+++ b/src/json_module.F90
@@ -73,7 +73,7 @@ module json_module
 
     implicit none
 
-    character(kind=json_CK,len=*),parameter,private :: version = '8.4.0'
+    character(kind=json_CK,len=*),parameter,private :: version = '8.5.0'
         !! JSON-Fortran version.
         !!
         !!@note This string should match the one in the `.VERSION` file (which is used