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N.Y. University to receive $20 million for scholarships

NEW YORK — New York University is to receive $20 million from a private donor for an arts scholarship program that will draw students from around the world.

Alberto Vilar, 60, a Cuban-born, high-tech investor, has added the university to his seven-month record of donations to the classical performing arts, The New York Times reported Tuesday.

The program will give $40,000 annual stipends to 20 students studying voice, music, dance, composition, film and acting. Students in the two-year programs will receive master's or other advanced degrees or certificates.

Since September, Vilar has donated $14 million to the Kirov Opera and Ballet of St. Petersburg, $6 million to the Los Angeles Opera and $5 million to the Musikverein Opera House in Vienna. In February, he announced a gift of $50 million to the Kennedy Center for the Performing Arts in Washington.

Vilar is president and founder of Amerindo Investment Advisors.