The Juilliard School on Monday announced that it had received a $10 million gift that will endow the school’s new four-year masters-level graduate program in drama. According to a news release the money “supports increased instructional costs and new faculty, and provides full scholarships plus stipends for actors in their final and fourth year of the master of fine arts program in drama.†A Juilliard spokeswoman said it is the largest one-time gift that Juilliard has received for its drama department.
The endowment was completed with a matching challenge grant of up to $5 million from Bruce and Suzie Kovner, with additional gifts from John A. and Carole Moran and the Harold and Mimi Steinberg Charitable Trust. Mr. Kovner is the chairman of the school’s board and a founder of the hedge fund Caxon Associates.
Last month Juilliard announced that it had been promised a $5 million gift for its Music Advancement Program, which provides music lessons for poor minority schoolchildren.
