Cleveland Institute of Music to establish scholarship, following $1 million gift

Posted on: April 1, 2019

The Cleveland Institute of Music has received $1 million from Richard J. Hipple, its board chairman, and his wife, Jean, to establish the Dean’s Scholarship, which will provide full tuition to an outstanding student. Hipple has been a member of the CIM board since 2010 and became chairman in 2015; he is the retired chairman, president, and CEO of Materion Corporation, based in Mayfield Heights, Ohio, and spent 26 years at Cleveland-based LTV Steel. In 2017, the Cleveland Institute of Music announced that it would reduce tuition for new students by 15 percent and hold tuition flat for returning students. In announcing the gift from the Hipples, CIM noted that the support helped it move forward with its strategic plan, known as Blueprint:100, which acknowledges the need to significantly lower the net cost of education for all its students.

Posted April 1, 2019