In announcing the gift, Dean Mary Brabeck noted that the Judy and Michael Steinhardt Scholarship Fund would help students pursue careers that are crucial to society.
“The Steinhardts’ gift offers us a special opportunity to support students who are studying to be artists, educators, nutritionists, musicians, psychologists, and therapists in the health fields,” Brabeck said. “This generous endowment will help us to clear away financial obstacles and help talented young people whose families have limited financial means.”
In 2001, NYU’s School of Culture, Education, and Human Development was named to honor the Steinhardts. The Steinhardts’ naming gift — the largest gift in the school’s 125 year history — has supported faculty development, doctoral fellowships, and research for its academic programs.
Last year, the Steinhardts were honored at the school’s first annual NYU Steinhardt Vision Award Gala, an event that raised $1.2 million in scholarship funds.
In 2013, the Steinhardts also made a $5 million gift to support student scholarships at NYU’s Institute of Fine Arts, where Judy Steinhardt serves as chairman of the Board of Trustees.
“In establishing these funds, Judy and Michael Steinhardt have ensured that their legacy will be felt in the hearts and minds of students who undertake careers that are critically important to art, culture, and human development,” said NYU President John Sexton.