Detroit Art Academy gets $30 million for DEI efforts
An overview of notable donations compiled by the The Chronicle:
Cranbrook Academy of Art
Dan and Jennifer Gilbert donated $30 million for financial aid and diversity, equity and inclusion efforts. These include creating and endowing the Gilbert Fellows program, which will pay full tuition for students from underrepresented racial and ethnic groups, and bolstering the existing scholarship fund of the academy so that the institution can provide financial aid to more students.
The money will also support the Faculty Visiting Artist Program for artists of color; support inclusion, diversity, equity and access consultants to develop and implement plans to make the academy more inclusive; support Cranbrook Art Museum projects by various artists; and paying for new programs to help the academy strengthen its financial security and reduce its reliance on tuition fees for its funding.
Dan Gilbert founded Rocket Companies and mortgage lender Quicken Loans, as well as Rock Family of Companies, a portfolio of technology companies and real estate investments. He is the president of the Cleveland Cavaliers, a professional basketball team.
Jennifer Gilbert founded and serves as creative director of Pophouse, a commercial design firm in Detroit specializing in the use of data and industrial research in its design practices, and Amber Engine, a service and furniture technology for the home.
Johns Hopkins University School of Medicine
Philip Van Horn Gerdine donated $16 million, of which $10 million will be used to establish the Philip and Marjorie Gerdine Precision Medicine Scholars Fund enabling six to eight scholars to pursue experimental approaches to their precision medicine research, a type of health care that adapts treatments to the specific needs of each patient.
Of the remainder of the donation, $3 million is directed to the Wilmer Eye Institute to establish the Philip and Marjorie Gerdine Chair of Ophthalmology for Cornea Division, and $3 million will endow the Philip and Marjorie Gerdine Chair of Ophthalmology for age-related macular degeneration. To research.
Gerdine has held several management positions at Boston Consulting Group, PriceWaterhouseCoopers, General Electric and others. He was a patient at the Wilmer Eye Institute, as was his late wife, Marjorie, a clinical psychologist and professor of psychology at the University of Rhode Island. She passed away in 2019.
Southern Methodist University Cox School of Business
Bryan and Sharoll Sheffield donated $15 million to build Bryan S. Sheffield Hall, a new building that will house the admissions, academic advising and student records offices for the Cox School’s Bachelor of Business Administration program, as well as as classrooms and faculty offices.
Bryan Sheffield founded and is managing partner of Formentera Partners, an energy-focused investment firm in Austin, Texas. He also founded Parsley Energy, an oil and gas company. He earned a bachelor’s degree in business administration from the university in 2001.
Robert and Jan Archer have given more than $10 million to support four-year scholarships for students and to support athletics, marketing efforts and other programs.
Robert Archer is a former owner and retired managing director of Kent Watersports, a sporting goods company in New London, Ohio, which was acquired by Seawall Capital, a private equity firm in Boston, earlier this year .
Jan Archer is a retired nonprofit executive. She led United Way of Ashland County as well as Ashland Leadership, a community leadership development program in Ashland, Ohio.
Los Angeles Opera
Jerry and Terri Kohl donated $5 million to fund the opera company’s orchestra and its efforts to resume the show.
The money, a challenge gift to help raise money from other donors, will help the orchestra’s 62 core members and some of the orchestra’s additional musicians who have been sidelined due to the closures pandemic. It will also support the orchestra’s return later this summer to outdoor performances of the opera.
The Kohls founded Brighton Collectibles, an accessories manufacturer and retailer, in Los Angeles. They are long-time donors to cultural institutions in Los Angeles.
University of Southern Mississippi Foundation
Lamar Powell left $3.1 million to create the Lamar W. Powell Scholarship Endowment, which will provide freshmen with a four-year scholarship. The first cohort of freshmen will begin this fall, and over time the donation will grow to provide scholarships to 80 students each year.
Powell spent 23 years of his career in the US military and later worked for the US State Department. The bulk of his fortune came from private stock market investments he made over many decades. He died in 2015.
To learn more about other major gifts, check out our regularly updated Donations of $1 Million or More database.