News Brief: Largest donation in Masters’ history: $20 Million Dollars for IEC

Teacher+John+Chiodo+currently+teaches+a+class+in+the+current+IEC.+Recently%2C+the+Diana+Davis+Spencer+foundation+gave+the+school+a+%2420+million+grant+to+help+fund+the+construction+of+a+new+IEC.+

Isaac Cass

Teacher John Chiodo currently teaches a class in the current IEC. Recently, the Diana Davis Spencer foundation gave the school a $20 million grant to help fund the construction of a new IEC.

Sophie Grand

Masters was recently gifted a $20 million grant by the Diana Davis Spencer Foundation, marking it the largest donation in the School’s history. The donation was made with the intention of funding the construction of a new Innovation and Entrepreneurship Center (IEC). 

The gift was from Masters alumna and trustee Diana Davis Spencer ’56, her daughter, alumna Abby Spencer Moffat ’84 and Kathryn Wasserman Davis, the late mother of Davis Spencer.

The Diana Davis Spencer Foundation has helped in funding many other projects that support the school’s development, including the construction of the Fonseca Center and renovations of the student dorms. The foundation has also contributed to Masters’ global studies programs and the school’s endowment. 

Parents, faculty and staff were informed of the gift by Head of School Laura Danforth on Jan. 22 in an email communication. In the email to faculty, Danforth said, “I hope you each take pride knowing that the incredible work you do each day on behalf of our students has made this historic gift possible.”

Interest in the Innovation and Entrepreneurship program at Masters has quickly grown since its creation in 2016. The new state-of-the-art IEC will host courses in engineering and product design, entrepreneurship, modeling, app creation, prototyping and computer science.