MBA Programs

Surprise $1.2 Million Gift for HBS Students


Surprise $1.2 Million Gift for HBS Students

Photograph by Amanda Gordon/Bloomberg

Money raised from Lincoln Center for the Performing Arts’s spring gala will go toward supporting programs at Harvard Business School for students and graduates interested in nonprofit management in the arts, the New York Times reports.

Lincoln Center Chairwoman Katherine Farley said $1.2 million was raised for the fellowship in honor of Lincoln Center President Reynold Levy, who will step down from his post in December. The announcement was made at the performing arts center’s spring gala last week, which raised a record-setting $9.4 million for Lincoln Center, according to the Times. That total includes the money for HBS.

Bloomberg News reports that the surprise $1.2 million donation was from the Lincoln Center board, and that the programs are for HBS students who want to work at the performing arts complex.

Levy, a former senior lecturer at HBS, was the subject of an HBS case study published in 2011 that addressed managing a nonprofit during tight fiscal times.

The case also describes how Levy helped identify Lincoln Center’s “next generation of funders” as attendance to its events declined among its youngest audiences as well as “45- to 54-year-olds—a group that historically made up a significant share of ballet, symphony, opera, and theater audiences,” according to HBS.

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Zlomek is a reporter for Bloomberg News in New York.

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