The in Missouri has announced a $25 million gift from an anonymous donor to bolster its endowment and support campus improvements.
To be administered by the , the gift includes $14 million for the institute's endowment and $5 million for campus improvements, including landscaping projects and deferred maintenance on buildings. The remaining $6 million will be used to match any donation to the institute on a 2:1 basis through Dec. 31, 2016. The funds raised through the challenge will support student scholarships, endowed professorships, and visiting professors.
Established in 1885, the institute has trained or employed a number of world-renowned artists and creators, including former KCAI faculty member Thomas Hart Benton, Robert Rauschenberg, John Buck, Akio Takamori, Nick Cave, and Walt Disney, who took KCAI classes as a teenager.
"The gift is a pillow on which we can dream about the future of our college and know our dreams will become reality," said KCAI interim president Tony Jones. "This donation is transformative and will cascade down to students, faculty, alumni, donors, and the community, and for that we are truly grateful and unabashedly excited."