Eskenazis Award 'Transformative' Gift to IU

Posted: Updated:
Both Lois (pictured left) and Sydney (picture right) are Indiana University graduates. Both Lois (pictured left) and Sydney (picture right) are Indiana University graduates.
BLOOMINGTON -

The Indiana University School of Art, Architecture + Design in Bloomington has received the largest gift in its history. Indianapolis philanthropists Sidney and Lois Eskenazi have given $20 million to the school, which will be renamed in their honor. The university says the gift will support student scholarships, faculty development, academic programs, research initiatives and facility support. 

Peg Faimon, founding dean of the Sidney and Lois Eskenazi School of Art, Architecture + Design, said the gift will make a transformative impact on teaching and learning.

"The scholarships and fellowships will really allow our students to pursue their dreams, which I know is of utmost importance to the Eskenazis," said Faimon. "In addition, they'll be able to provide things like interaction with the most wonderful artists, designers and scholars from throughout the nation and the world. There are many, many different opportunities that this funding will provide and we all look forward to that wonderful future."

Watch the press conference announcing the gift by clicking here.

As part of the gift, IU will establish a special endowment to fund the new Lois Eskenazi Scholarship for incoming first-year students who are interested in painting. It will also support a new "Fund for Excellence" that will be used for additional scholarships, fellowships, visiting artists and scholars, research, equipment, facilities and other special projects, according to the university.

The Eskenazis have a long history with Indiana University, most recently awarding a $15 million gift in 2016 to what became known as the Sidney and Lois Eskenazi Museum of Art on the Bloomington campus, supporting a complete renovation of the building which will reopen later this year. The couple also give the museum nearly 100 works of art for display.

"Sidney and Lois Eskenazi have been extraordinary friends of IU and visionary supporters of art," said Lauren Robel, provost at IU Bloomington. "This gift transforms their profound understanding of the role art plays in making us human into tangible support for the humans who make our art. Lois' own gifts as an artist are so wonderfully honored by the scholarship in her name to support our student painters. This gift will aim the arc of this school's trajectory directly toward the heavens. What a legacy of beauty and humanity it represents."

The gift will be included in the university's $3 billion For All: The Indiana University Bicentennial Campaign.

Faimon says the gift will make a transformative impact on teaching and learning at the school.
  • Perspectives

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • 1SI executives Matt Hall and Wendy Dant Chesser talked about the project on Inside INdiana Business.

      Momentum Building at 'Hot Spot' River Ridge

      As economic development officials in southeast Indiana welcomed news last week of Louisville-based PharmaCord's plans to invest $52 million and add up to 850 jobs at the River Ridge Commerce Center, they were quick to add there is more development on the horizon. River Ridge is a sprawling, 6,000 acre park located between Jeffersonville and Charlestown that was once home to the massive Indiana Army Ammunition plant and thousands of jobs. Today more than 50 companies call River...

    • (photo courtesy of Governor Eric Holcomb's office)

      Governor Meets with Ag Leaders on Delayed Planting

      Governor Eric Holcomb recently met with leaders from the state's agriculture sector regarding the impact of unusual weather conditions on farms and other ag businesses. The USDA says 84 percent of Indiana's corn crop and 64 percent of soybeans have been planted. Typically, both crops are at 100 percent planted by this time of the year.

    • (photo courtesy of Taylor University)

      Taylor University President to Resign

      The president of Taylor University is stepping down. The university's board of trustees says Paul Lowell Haines has resigned from the position and will leave the Upland campus August 15. A specific reason for Haines' resignation was not given, however the Board Chair Paige Cunningham noted the move was "neither solicited nor encouraged" by the board. Haines graduated from Taylor in 1975. He later held various positions at the university including vice president for...

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    • Colts Name Overton As Producer

      The Indianapolis Colts have named Larra Overton as the team's new producer and on-air talent. Overton currently is a sports reporter and anchor for Fox59 WXIN/CBS4 WTTV. She will serve as producer for Colts Productions and will serve as the television sideline reporter for preseason broadcasts and radio sideline reporter for regular season games. Overton holds two degrees from Indiana University.