Music lover's estate gives largest donation ever to Boston school
April 01, 2013
It seems as though the majority of the time, most donations to colleges come from well-off alumni. However, some patrons of the arts who aren't otherwise associated with a school might have an appreciation and make a bequest.
This was the case recently in Boston, where the estate of Oliver Colvin recently gave an estimated $8.1 million to the Berklee College of Music upon his passing. Colvin used to sit in the recital halls and listen to jazz music, not speaking to anyone, the Boston Globe reported, so this move was a surprise to officials. The amount was the largest donation ever made to the school.
With the money, administrators will be building a 100-seat performance hall called the Oliver Colvin Room in one of the school's existing buildings.
The donation was technically made in the fall of 2011, but the public announcement wasn't made until recently.
"It really tells you, first, how Berklee connects with the people around us and how our students who throw these open performances end up connecting with people that we don't even know are there," Berklee senior vice president and CFO Mac Hisey told the Globe.
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management programs. These solutions can generate data-driven reports for various stakeholders.