Fashion Institute of Technology Receives $2 Million Gift From Alumnus Calvin Klein

The Fashion Institute of Technology in New York City has announced a $1 million gift from alumnus Calvin Klein through the Calvin Klein Family Foundation that will be matched by another $1 million donation from Calvin Klein, Inc.

The largest gift ever to the school from an alumnus will help fund its annual spring runway show, which showcases designs by students who are graduating with a bachelor of fine arts in fashion design. Each spring, more than a hundred and fifty FIT students design and produce a collection that is evaluated by noted designers who work with FIT faculty and help select exceptional garments for special citation.

"The annual FIT fashion show is the culmination of the very best of the fashion design students' accomplishments during their studies at FIT," said Klein, who graduated from FIT in 1963. "This fund is dedicated to ensure that the FIT fashion show will continue to be the students' showcase to our industry without compromise. I am very proud that Calvin Klein, Inc. has joined my family foundation in this effort."

"FIT Announces $2 Million Gift From Calvin Klein — Largest Gift Received From an FIT Alumnus." Fashion Institute of Technology Press Release 02/10/2012.