Auction raises more than $1.2 million for School of the Art Institute of Chicago

Jul 17, 2015

An auction at the School of the Art Institute of Chicago (SAIC) raised more than $1.2 million for the school’s scholarship fund. The artworks sold were pieces from Bank of America’s corporate collection, and included works by eight SAIC graduates. Eleven paintings netted $261,000 and Bank of America directly donated another $1 million. One highlight was Roy Lichtenstein's 1965 “Sweet Dreams, Baby!,” which sold for $145,000.

“We are honored to have partnered with Bank of America to raise money that will support need-based scholarships for local high school graduates, and we are especially proud that the work of many of our alumni has made this possible,” said Walter Massey, president of SAIC. “Through Bank of America’s commitment to the arts, talented students from diverse economic backgrounds will have the opportunity to thrive at the School of the Art Institute of Chicago and receive a world-class art and design education.”

We are honored to have partnered with Bank of America to raise money that will support need-based scholarships for local high school graduates.

Walter Massey
The School of the Art Institute of Chicago

Bank of America Chairman and CEO Brian Moynihan attended the auction, along with Chicago Mayor Rahm Emanuel. There’s a strong connection between Bank of America and SAIC as Walter Massey, former board director and chairman at the Bank of America, is the president of SAIC.

In addition, Bank of America is a proud partner of The Art Institute of Chicago which is affiliated with SAIC. The bank has supported numerous exhibitions at the museum, including collections by René Magritte and Roy Lichtenstein, and has also partnered with the museum to include it in the bank’s Museums on Us® program.

 

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