Clive Davis, the record industry legend and Chief Creative Officer of Sony Music Entertainment Worldwide, has given $5 million to the Tisch School of the Arts at New York University in order to expand the Clive Davis Department of Recorded Music into the Clive Davis Institute of Recorded Music. Davis' gift will allow the school to recruit working professionals as faculty members, establish a scholarship fund and increase its number of students.
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In addition to the existing programs at the school, the Clive Davis Institute will also introduce Future Music Moguls, a free program for students in New York City, and the Summer High School Programs in Recorded Music, which will be open to students from all over the world.