Billionaire David Geffen Donates $ 150 Million To Yale Drama, Making School Free

Billionaire David Geffen has donated $ 150 million to the Yale School of Drama, and now the drama school will be free.

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As first reported for him New York TimesGeffen, 78, made the unprecedented donation, the largest ever to American theater, according to Yale, through the David Geffen Foundation. The school will be renamed the David Geffen School of Drama at Yale University. As a result, beginning in August, the drama school will be free to current and future students in their master’s, doctoral, and certificate programs. This means that students will not have to take out student loans for enrollment, which is roughly $ 33,000 per year. With Geffen’s gift, Yale University’s David Geffen School of Drama becomes the second Yale school to be free. In 2005, the Yale School of Music received an anonymous donation of $ 100 million to eliminate tuition.

Forbes He estimates Geffen’s net worth to be roughly $ 10 billion. Among other companies, Geffen founded Geffen Records and co-founded DreamWorks Pictures with Steven Spielberg and Jeffery Katzenberg. His philanthropic efforts have ranged from a $ 150 million donation to the Los Angeles County Museum of Art to a $ 100 million donation to Lincoln Center, among many others.

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