Fisk University officials on Friday released a breakdown of how they intend to allocate the $30 million they will receive from Arkansas' Crystal Bridges Museum. Half will go to the school's endowment, while almost $6 million will settle accounts with the attorneys who have represented Fisk in recent years. Also in the mix is $5 million for strategic initiatives, one heck of a tool to help recruit a successor to President Hazel O'Leary, who is stepping down at the end of this year.
Fisk University and Wal-Mart heiress Alice Walton have sealed their agreement to share the Alfred Stieglitz collection of Georgia O'Keeffe works. The $30 million deal will have the collection migrate between Nashville and Fayetteville, Ark., every two years. Court documents show that Fisk will set aside $3.9 million to create a fund that will maintain the art.
Butler Snow O’Mara Stevens & Cannada — which recently expanded its Nashville-area office by nearly 40 attorneys at the expense of Miller & Martin – has donated $100,000 to the Frist Center for the Visual Arts, assisting the museum in its global outreach efforts.
“We are committed to strengthening Nashville’s thriving and innovative business culture through our team of attorneys in Middle Tennessee,” Donald Clark Jr., chairman of Butler Snow, said in a release. “Fostering a rich culture of arts and community involvement is a hallmark of our firm. We are proud of what The Frist Center for the Visual Arts has become for Nashville, the state and the nation.”
Tenn. Gov. Bill Haslam, Nashville Mayor Karl Dean, former Mississippi Gov. Haley Barbour and former U.S. Rep. John Tanner, among others, gathered Tuesday for an event called “Embracing the Arts. Impacting the Community” at the Frist Center.
Clark and Dan Elrod, a leading member of Butler Snow’s Nashville team, presented the check to Susan Edwards, executive director and CEO of the Frist Center.
“Butler Snow has a great heritage of embracing the arts and enriching the communities where we serve, and we are glad to be leading this charge in Nashville,” Elrod said.
Butler Snow now is home to almost 100 attorneys in Tennessee and more than 220 practicing in 12 offices nationwide.
The Tennessee Supreme Court said Monday it will not let Attorney General Bob Cooper appeal a lower-court decision to allow Fisk University to share its Stieglitz Collection with the Crystal Bridges Museum in Arkansas.
One of the items that must be sorted out in chancery court is whether that fund is large enough for the task at hand. Fisk also must show that the gallery where it displays the collection on campus has been adequately refurbished.