Music
Harmonizing the Valley: A Philanthropist's Transformative Gift to the Dana School of Music
2024-10-24
In a remarkable display of community commitment, a local businessman has reversed his decision to withhold donations to Youngstown State University, opting instead to invest millions in the institution's renowned Dana School of Music. The move, which transcends political boundaries, underscores the power of the arts to unite and inspire, even in the face of divisive times.
Restoring the Harmony of the Valley
A Philanthropist's Change of Heart
Phantom Fireworks owner Bruce Zoldan, a YSU graduate, had previously rescinded a $5 million gift to the university, citing his disapproval of the hiring of President Bill Johnson. However, Zoldan has now reversed that decision, recognizing the importance of preserving and nurturing the Dana School of Music, which he believes is a vital part of the Mahoning Valley community.Zoldan's change of heart is a testament to his deep-rooted connection to the university and the region. "YSU doesn't need in these politically divisive times to have a political appointee on the far left or the far right as its president," he had stated earlier. Yet, he has now chosen to look beyond the political landscape and focus on the greater good of the Dana School, which he believes transcends partisan boundaries.Investing in the Arts and Music
Zoldan's newfound commitment to the Dana School is not just a financial one. He has pledged to donate the full $625,000 he had previously requested to be returned, along with an additional $5 million to support the school's operations and initiatives. Furthermore, he plans to host a fundraiser at his home to raise an additional $10 million for the school.The philanthropist's generosity is driven by his belief in the transformative power of the arts and music. "When it comes to the arts and especially music, there are no religious or political boundaries," he said. "We're not Republicans or Democrats, we're individuals that appreciate the art of music and want to see it thrive and grow in our Valley."Empowering the Dana School of Music
Zoldan's donation comes at a critical time for the Dana School, which has faced significant program cuts and funding challenges in recent months. The school's director, Dr. Joseph Carucci, has expressed gratitude for the outpouring of community and alumni support, which has underscored the importance of the arts and arts education in the region.Zoldan's gift will not only help the Dana School to sustain and revive itself but also to welcome more families who are drawn to the school's reputation and the vibrant arts community in the Mahoning Valley. The philanthropist has stipulated that Carucci will have sole discretion over how the $5 million donation is utilized, ensuring that the school's leadership can direct the funds to their most pressing needs.Building a Sustainable Future
Zoldan's commitment to the Dana School extends beyond the immediate needs. The philanthropist has set a secondary goal of $5 million in signed planned gifts from benefactors' estate plans, aimed at sustaining and increasing the school's endowment support in the years to come.This long-term vision for the Dana School's future reflects Zoldan's belief in the institution's importance to the community. "There are many, many families living in our Valley associated with the Dana School, great families who came here because of the Dana School and who want to stay in our valley," he said. "I'm honored that I'm able to help this department to sustain and revive itself and welcome more families who want to be part of the school and the valley."As the Mahoning Valley continues to navigate the challenges of a politically divisive landscape, Zoldan's actions serve as a powerful reminder that the arts can be a unifying force, transcending partisan boundaries and bringing communities together. Through his generous investment in the Dana School of Music, Zoldan has demonstrated a commitment to preserving the rich cultural heritage of the region and ensuring that the next generation of musicians and artists can thrive in the Mahoning Valley.