Endowments for Stand alone art schools and art programs

taxguy
Thu, 24 Mar 2005 17:32:42 +0000

I always believed that having a higher endowment improves the quality of the school. This usually results in more scholarship money and/or higher pay for professors or better facilities. Accordingly, I have researched several stand alone art schools and posted their endowments as of 2004. All materials came from the Chronicles of Higher Education web site:

RISD $253,000,000
California Institute of the Arts (Calarts): $78,000,000
3.Pratt Institute: $47,000,000
Minn College of Art and Design $31,671,000
MICA: $30,000,000- $40,000,000 ( not totally clear on their endowment)
Ringling School of Art and Design $12,000,000


As you can tell, RISD and Calarts have the highest endowments for stand alone art programs, and Calarts has many more majors other than visual art.Most of the other stand alone visual art programs that I have interviewed seems to have endowments between $10,000,000 and $30,000,000.

There are some schools that have very noteworth art and design programs that are NOT stand alone art programs. Four examples are as follows:

Syracuse University: $770.000.000
Carnegie Melon University: $770,000.000
Rochester Institute of Technology: $472,000,000
New School University (which includes Parson’s College of Design):$129,000,000
The endowments for the latter four schools have to be taken with the undertanding that they have a number of other programs to fund besides their art and design program including expensive science programs. Also,these schools have a lot more students than found in a stand alone art program. Thus, while they have a higher endowment, the endowment per subject area or per college or per student may not be more than that of the better stand alone art programs.


Hope you find all this useful.