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connections

Interconnections A leader in the making
Dollars make the difference
Key initiatives funded by last year's giving
Record-breaking affirmation $42 million donated to Skidmore
Summer in Saratoga A photo album
Human hotlinks Alumni business network on the grow
Club Connections Boston alums connect at Fenway

 

Record-breaking affirmation

When a savvy investment advisor trusts an enterprise enough to put his own money into it, people listen. So in June when the estate of financier Arthur Zankel donated $120 million to six institutions—including the largest portion, $42 million, to Skidmore—the news (view Skidmore's announcement) got some ink in Wall Street and philanthropy media.

It set Skidmore abuzz too. The college had already planned for $15 million to serve as the lead gift for construction of the new Arthur Zankel Music Center. But the full bequest to Skidmore (by far the largest gift in the college’s history) also provides a scholarship fund for disadvantaged New York City–area students, a program of study in arts administration, and an addition to the endowment for unrestricted use. Scope will report more details in future issues.

Zankel, who died in 2005, had strong ties to Skidmore, including sons Kenny ’82 and Jimmy ’92, nephew Harun ’01, and daughter-in-law Pia Scala Zankel ’92. As a trustee, he guided Skidmore’s endowment investments, often posting top-rated returns and growth.

“I can’t overstate the remarkable affirmation this gift represents for Skidmore,” said President Philip Glotzbach, explaining that it will strengthen the college’s ability to “provide a transform-ative education that empowers our students to change the world they must lead.” He added, “This is truly a bittersweet moment. We celebrate Arthur’s faith in us even as we continue to mourn his loss.” In addition to Skidmore, Zankel’s estate made gifts to Carnegie Hall, Teachers College of Columbia University, the United Jewish Appeal, the Society of Illustrators, and the Zankel Fund. —SR