BLOOMFIELD HILLS, Mich. (AP) – Billionaire businessman Dan Gilbert and his wife Jennifer have donated $ 30 million to a private graduate art school in suburban Detroit to help accelerate their efforts diversity, equity and inclusion.

The funding will also contribute to long-term fiscal sustainability, the Cranbrook Academy of Art in Bloomfield Hills announced on Tuesday.

Twenty full scholarships for students from under-represented racial and ethnic groups will be funded through the new Gilbert Fellows program. A permanent endowment to finance scholarships will also be established.

Tuition relief and general support for existing academy scholarships and visiting faculty artists over the next five years, with a focus on artists of color, will receive funding.

The Cranbrook Art Museum will also receive funding to continue the public engagement projects of various artists in the Detroit area and the Cranbrook campus, the school said.

“We have listened to a large community of speakers and understand that there is a lot of work to be done,” said Jennifer Gilbert, Chair of the Board of Trustees of the Cranbrook Academy of the Arts and the Art Museum. “Our ultimate goal is to foster sustainable financial stability while creating a more diverse and equitable community. We need a determined commitment to welcome the underrepresented voices in these studios and conversations. “

The Cranbrook Academy of Art focuses on graduate studies in fine arts, architecture, crafts, and design.

“We believe that by investing in under-represented change agents, we will position creatives at the forefront to help solve the problems of our increasingly complex world,” said Dominic DiMarco, President of Cranbrook Educational Community.

Dan Gilbert, originally from Detroit, started Quicken Loans, now known as Rocket Mortgage. He also founded the Rock family of companies and owns the Cleveland Cavaliers of the NBA. Last month he and his wife announced a $ 500 million fund to improve neighborhoods in Detroit.