NEW YORK — Michael Kors is giving back to his alma mater. The designer made a $1 million gift to the Fashion Institute of Technology, which will establish the Michael Kors Endowed Scholarship at the school.
The new scholarship will go to a student each year who demonstrates exceptional talent in fashion design, and will cover the recipient’s entire bachelor’s degree costs, including tuition, housing and books. It will also feature a mentorship element with internship opportunities at Michael Kors.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"