News

Fisk Seeks Court’s Permission to Sell Prized Paintings

by Reginald Stuart , February 22, 2007

Categories:
hazel
Fisk University President Hazel O’Leary says the school’s financial predicament necessitates selling the prized paintings.

According to court papers, Fisk would use $570,000 of the sale proceeds to “stabilize, restore and protect the remainder of the Stieglitz Collection.” The institution plans to use the remaining money to restore the endowment, endow faculty chairs in biology, business administration and mathematics and provide a “partial match” for grant funds to build a new science building.

None of the funds from the art sale would go to Fisk’s art department or art programs, based on the court filing.



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