SNF gives $5 million to Yale

A second gift of $900,000 will supplement three existing endowments for the school, created by the Stavros Niarchos Foundation in 2010, to establish an artist’s residency, scholarships for international students, and a dean’s resource fund.

With these grants, the Stavros Niarchos Foundation’s contributions to Yale total nearly $14 million. In 2007, the Foundation helped establish the Stavros Niarchos Foundation Center for Hellenic Studies at Yale University. It has also supported the Yale Center for the Study of Globalization, Yale College scholarships, the Peabody Museum of Natural History, and the Child Study Center.

“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.”

In making its gifts, the Stavros Niarchos Foundation cited the accomplishments of renowned critic and artist Robert Storr, who has served as dean of the Yale School of Art since 2006In making its gifts, the Stavros Niarchos Foundation cited the accomplishments of renowned critic and artist Robert Storr, who has served as dean of the Yale School of Art since 2006.ndreas C. Dracopoulos, the Foundation’s director and co-president, said, “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. 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.”

Critical support for art education
The Foundation’s gift of unrestricted endowment will allow the dean to direct funds to key areas such as financial aid, faculty support, teaching, visiting artists, and exhibitions. By naming the deanship, the gift will further help the school attract a succession of world-class artists to fill its leadership post.

“The Stavros Niarchos Foundation is one of our most generous benefactors, and I am both delighted and humbled by these contributions,” said Dean Storr. “The new endowments provide a permanent source of flexible funding that will help the school sustain its innovative teaching and practice at the forefront of art and art education.”

Among the world’s leading international philanthropic organizations, the Stavros Niarchos Foundation makes grants in four major areas: arts and culture, education, health and medicine, and social welfare. Since the commencement of its grant-making activities in 1996, the Foundation has awarded funds in excess of $1.4 billion to nonprofit organizations in 110 countries around the globe.