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Joined: Jul 2002
Posts: 531
500 Post Club Member
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OP
500 Post Club Member
Joined: Jul 2002
Posts: 531 |
Dear School of Music Faculty, Staff, and Students,
Tomorrow - Thursday, November 17 -- will be an exciting day in the
history of the School of Music, and I am writing to let you know why a
press conference has been called at 10:30 a.m. in the Musical Arts
Center.
President Adam Herbert will announce that the School of Music and
Indiana University have received an extraordinary gift in the amount of
$40.6 million dollars from Barbara and David Jacobs, Sr., of Cleveland.
Among many other wonderful consequences, this gift will result in the
naming of the school, which as of tomorrow's announcement will be known
as the Indiana University Jacobs School of Music.
Although classes will not be cancelled for this event, I hope you can
come to the press conference at 10:30 and will join in a celebratory
reception in the Musical Arts Center lobby immediately after.
If you cannot be at the event, we've arranged to have the announcement
streamed off the School of Music Web site. Simply go to
http://music.indiana.edu <http://music.indiana.edu/> and follow the
link.
Gwyn Richards
Dean
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Joined: Jan 2005
Posts: 9,868
9000 Post Club Member
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9000 Post Club Member
Joined: Jan 2005
Posts: 9,868 |
Wow! $40,600,000 (4 billion, 60 million pennies). That's a lot of money. I wonder what they're going to do with it. Maybe buy 800 grand pianos? 
Sam
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Joined: Nov 2002
Posts: 13,837
Yikes! 10000 Post Club Member
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Yikes! 10000 Post Club Member
Joined: Nov 2002
Posts: 13,837 |
It'll go into endowments which will provide for scholarships, special events, faculty awards, facilities, instruments, and pretty much anything else you can think of.
"If we continually try to force a child to do what he is afraid to do, he will become more timid, and will use his brains and energy, not to explore the unknown, but to find ways to avoid the pressures we put on him." (John Holt) www.pianoped.comwww.youtube.com/user/UIPianoPed
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Joined: Jan 2005
Posts: 9,868
9000 Post Club Member
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9000 Post Club Member
Joined: Jan 2005
Posts: 9,868 |
I just got an e-mail from IU, since I applied there last year and am on their mailing list. Here's a pretty neat excerpt from the e-mail:
"I want you to know in advance about an exciting announcement we will make tomorrow about the future of IU's internationally renowned School of Music. I will be announcing the largest single gift any music school at a public university has ever received."
Sam
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Joined: Apr 2005
Posts: 86
Full Member
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Full Member
Joined: Apr 2005
Posts: 86 |
Originally posted by pianojerome:
"I want you to know in advance about an exciting announcement we will make tomorrow about the future of IU's internationally renowned School of Music. I will be announcing [b]the largest single gift any music school at a public university has ever received." [/b] Yeah, that's incredible news! Dunno how long this has been in the works, but I can't help thinking that Mr. and Mrs. Jacobs must be a little bit piqued that the anonymous Yale donor stole their thunder... beat them to the punch by three weeks. (And $60M  )
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Joined: Apr 2005
Posts: 86
Full Member
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Full Member
Joined: Apr 2005
Posts: 86 |
Originally posted by Schumann:
Yeah, that's incredible news! They had a press release and Announcement Ceremony this morning... Most relevant details, from my point of view, are that the University is kicking in another $40M of matching funds, and that $20M is going to grad student fellowships... (Won't be enough to abolish tuition like they did at Yale, but it ought to make a significant – and hopefully immediate! – improvement in funding.)
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Joined: Nov 2004
Posts: 1,085
1000 Post Club Member
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1000 Post Club Member
Joined: Nov 2004
Posts: 1,085 |
Originally posted by Schumann:
...(Won't be enough to abolish tuition like they did at Yale, but it ought to make a significant – and hopefully immediate! – improvement in funding.) I find it ironic that you can go to a private university for free, but have to pay at a public university. I thought it was supposed to be the opposite! 
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