Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Developer Sheldon Solow, founder of Solow Realty, has donated $4 million for student fellowships at New York University’s Institute of Fine Arts. Students supported by the funds will be named Sheldon Solow Scholars. Solow is a life trustee of both NYU and the IFA.

“The gift could not have come at a better moment,” says Judy Steinhardt, the IFA’s chairman of the board, in a release. “The money will be used entirely for tuition assistance awards, effective immediately. With these funds, the IFA will be able to provide more financial support to students than would be otherwise impossible in these difficult economic times.”

In a release, Solow cites IFA’s “brilliant faculty and long track record of producing leaders in the field. The students make a commitment to a rigorous training program, and I am delighted to help by making a commitment to them.”

Solow previously endowed two professorships at the IFA, one in architecture and one in modern art. He has also given the IFA two floors at 3 E. 78th St., adjacent to the James B. Duke House at the corner of 78th Street and Fifth Avenue, where the IFA is housed. The IFA plans to use the 3 E. 78th space to expand its library, representing the first expansion of the IFA campus in more than 25 years. Solow has been an IFA trustee since 1987, including 10 years as chairman of the board of trustees.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.