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
Sponsored | | Nov 26, 2014
What’s in a coating?
A beautiful coating on metal products can make a strong statement, whether used on a high-end commercial project or an industrial building. SPONSORED CONTENT
Sponsored | | Nov 26, 2014
Virtual reality in 3D models, iPhone thermal imaging: Inside one very cool tech toybox
A little over a year ago, I embarked on a search to find individuals in the AEC space who were putting new hardware to work in the field.
| Nov 25, 2014
Behnisch Architekten unveils design for energy-positive building in Boston
The multi-use building for Artists For Humanity that is slated to be the largest energy positive commercial building in New England.
| Nov 25, 2014
Study: 85% of employees dissatisfied with their office environment
A vast majority of office workers feel open floor plans cause multiple distractions and that more private spaces are needed in today's offices, according to a new study by Steelcase and research firm IPSOS.
| Nov 25, 2014
Emerging design and operation strategies for the ambulatory team in transition
As healthcare systems shift their care models to be more responsive to patient-centered care, ambulatory care teams need to be positioned to operate efficiently in their everyday work environments, write CannonDesign Health Practice leaders Tonia Burnette and Mike Pukszta.
| Nov 24, 2014
Midsize construction firms see a brighter business horizon
Uncertainty about government spending clouds an otherwise positive economic outlook among 59 middle market construction firms polled recently by GE Capital.
| Nov 24, 2014
Adrian Smith + Gordon Gill-designed crystalline tower breaks ground in southwestern China
Fitted with an LED façade, the 468-meter Greenland Tower Chengdu will act as a light sculpture for the city of Chengdu.
| Nov 21, 2014
Rental apartment construction soars to 27-year high: WSJ report
The multifamily sector is now outpacing the peak construction rate in the previous housing cycle, in 2006, according to the WSJ.
| Nov 21, 2014
Nelson adds to its stable with EHS Design acquisition
This represents Nelson’s fifth merger or acquisition in 2014, during which the firm’s net fee revenue has increased by 60% to $65 million.
| Nov 21, 2014
Nonresidential Construction Index rises in fourth quarter
There are a number of reasons for optimism among respondents of FMI's quarterly Nonresidential Construction Index survey, including healthier backlogs and low inflation.