school of visual arts transfers ownership alumni society 1234751224

The School of Visual Arts (SVA) in New York has transferred ownership from the Rhodes family, which owned it for nearly 80 years, to the SVA Alumni Society, a nonprofit that has funded student scholarships since 1972. The transfer took effect on September 1, with longtime president David Rhodes stating that day-to-day operations would not change. The move comes amid financial difficulties, a recent faculty unionization effort by SVA Faculty United (affiliated with United Auto Workers), and reported layoffs of around 30 workers.