Stavros Niarchos Foundation Awards $5.9 Million to Yale School of Art

Stavros Niarchos Foundation Awards $5.9 Million to Yale School of Art

has announced a $5 million grant from the Athens-based to create a permanent unrestricted endowment for the .

The gift will advance the school's standing and leadership in the global fine arts community and enable the dean of the school to direct funds in support of key areas such as financial aid, faculty support, teaching, visiting artists, and exhibitions. In making the gift, the foundation cited the accomplishments of renowned critic and artist Robert Storr, who has served as dean of the Yale School of Art since 2006. "Robert Storr's exceptional artistic insight, leadership abilities, and character came to our notice during his time at the Museum of Modern Art, and they have been equally evident in his tenure at Yale," said Andreas C. Dracopoulos, the foundation's director and co-president. "We are pleased to support his work at the Yale School of Art, as well as the efforts of future deans who will follow him."

In addition, the foundation awarded $900,000 to supplement three existing endowments it created at the school in 2010 in support of an artist's residency, scholarships for international students, and a dean’s resource fund. With the grants, the foundation’s contributions to Yale now total nearly $14 million.

"I am deeply grateful for these latest contributions from the Stavros Niarchos Foundation," said Yale president Peter Salovey. "The foundation has our admiration and respect for its generous support of the arts worldwide. These gifts to the Yale School of Art will help to support the education of artists and the practice of art for years to come."

"." Yale University Press Release 02/12/2014.