Laguna College of Art + Design (LCAD), one of the nation’s leading visual and applied arts colleges, has received a $40 million gift, the largest philanthropic contribution in its 64-year history.
The gift, given by a donor who will remain anonymous, will enable the college to launch the first step of a $100 million capital campaign to consolidate LCAD academic classes to one main campus at its Big Bend facility on Laguna Canyon Road. In September, LCAD will break ground on its first phase of the development, a two-story 22,000-square-foot Innovation Center, which will serve as the centerpiece of the new campus.
“As the demand for careers in art and design have been rising, we are embarking on the most ambitious project in our institution’s history,” LCAD President Steven Brittan said in a statement. “This project represents a pivotal step in LCAD’s long-term vision to enhance educational resources, expand capacity, and improve campus infrastructure to ensure students have the tools and spaces they need to collaborate, thrive and succeed.”
For more details, see the Aug. 18 print issue of the Business Journal.
