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In 2021, NYU Tisch School of the Arts received a major gift from the Hobson/Lucas Family Foundation to establish the Martin Scorsese Institute of Global Cinematic Arts, an academic and production institute encompassing a new, state-of-the-art Martin Scorsese Virtual Production Center, the Martin Scorsese Department of Cinema Studies, and support for student scholarships. The gift from the Hobson/Lucas Family Foundation is the largest in the school’s history.