The Frank Lloyd Wright School of Architecture at Taliesin announced today that it had reached almost 50% of the $1 million fundraising goal it needs to reach by the end of August on its way to independent status. The remaining $500,000 of these funds must be promised to the school by August 25 for the school’s Campaign for Independence to move forward.
In December of 2014, after an agreement between the Board of The Frank Lloyd Wright Foundation and The Frank Lloyd Wright School of Architecture, the School agreed to raise $2 million, with $1 million of it by the end of this month, in order to achieve the financial autonomy necessary to become an independent organization.
Accreditation for the school has been threatened because the Higher Learning Commission changed its by-laws and would no longer accredit schools that are operating divisions of larger institutions with multi-faceted missions.
The School’s professional M.Arch degree program offers graduate students design-intensive studio experiences at campuses in Taliesin West (Scottsdale, Ariz.) and Taliesin (Spring Green, Wis.). Over the last year, the school has revamped its curriculum to provide a better experimental graduate program in architecture. It focuses on learning how to make the human-made environment more sustainable and open. Students work with local communities to both design and build projects, and they make shelters that each student lives in for his or her final semester.
Accreditation for the school has been threatened because the Higher Learning Commission (HLC) changed its by-laws and would no longer accredit schools that are operating divisions of larger institutions with multi-faceted missions. Facing the possibility of the Frank Lloyd Wright School losing accreditation and potentially closing, longtime supporters suggested the possibility of raising funds to create and support an independently-incorporated school.
The Foundation Board agreed that, if the school's community could raise funds sufficient to demonstrate that the new organization would have “its own financial resources” (as explicitly required by the HLC’s by-laws), then spinning off the school would not present the same obstacles. The new, independent school organization would take ultimate fiduciary responsibility for itself.
As part of the new structure, the Foundation would donate over $1 million in facilities-related cash expenses every year, related to the school's use of Taliesin West and Taliesin as its campuses (at no cost to the school). The Foundation would also contribute an additional subsidy of $580,000 to the school in 2015, with decreasing levels of such additional transitional support over the next five years (but always continuing to cover 100% of annual facility-related expenses which total more than $1 million annually).
In order to achieve the desired independence and continue as a stand-alone School of Architecture, gifts and pledges for an initial $1 million in contributions must be received by August 25, 2015 – and gifts and pledges for a second million must be received by December 31, 2015.
Related Stories
Market Data | May 10, 2022
Hybrid work could result in 20% less demand for office space
Global office demand could drop by between 10% and 20% as companies continue to develop policies around hybrid work arrangements, a Barclays analyst recently stated on CNBC.
Multifamily Housing | May 10, 2022
Multifamily rents up 14.3% in 2022
The average U.S. asking rent for multifamily housing increased $15 in April to an all-time high of $1,659, according to Yardi Matrix.
Headquarters | May 10, 2022
JPMorgan Chase’s new all-electric headquarters to have net-zero operational emissions
JPMorgan Chase’s recently unveiled plans for its new global headquarters building in New York City that is rife with impressive sustainability credentials.
Building Team | May 9, 2022
Cincinnati’s Andrew J Brady Music Center transforms the city’s riverfront
In Cincinnati, Ohio, the Andrew J Brady Music Center aims to connect audiences with live music while transforming Cincinnati’s riverfront.
Sponsored | Multifamily Housing | May 8, 2022
Choosing the right paver system for rooftop amenity spaces
This AIA course by Hoffmann Architects offers best practices for choosing the right paver system for rooftop amenity spaces in multifamily buildings.
Market Data | May 6, 2022
Nonresidential construction spending down 1% in March
National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Building Team | May 6, 2022
Atlanta’s largest adaptive reuse project features cross laminated timber
Global real estate investment and management firm Jamestown recently started construction on more than 700,000 sf of new live, work, and shop space at Ponce City Market.
Sponsored | BD+C University Course | May 5, 2022
Designing with architectural insulated metal wall panels
Insulated metal wall panels (IMPs) offer a sleek, modern, and lightweight envelope system that is highly customizable. This continuing education course explores the characteristics of insulated metal wall panels, including how they can offer a six-in-one design solution. Discussions also include design options, installation processes, code compliance, sustainability, and available warranties.
Higher Education | May 5, 2022
To keep pace with demand, higher ed will have to add 45,000 beds by year-end
The higher education residential sector will have to add 45,000 beds by the end of 2022 to keep pace with demand, according to a report by Humphreys & Partners Architects.
Multifamily Housing | May 5, 2022
An Austin firm touts design and communal spaces in its student housing projects
Rhode Partners has multiple towers in various development stages.