"Chip Hooper was one of the most extraordinary people I've ever known, and his dedication to art and artists was unparalleled," said Paradigm CEO and chairman Sam Gores in a release. "We are proud to sustain his spirit of nurturing the next generation of creative professionals."
The donation includes matching funds from individual Paradigm executives which allows the scholarship to begin awarding as soon as this fall.
Paradigm chose to establish the Chip Hooper Scholarship at Columbia to support the college's internationally renowned programs in Hooper's areas of passion of music business and photography. The college has also established strong connections to Paradigm though dozens of internships and careers for Columbia graduates at Paradigm offices throughout the country. Hooper was also a Chicago native himself.
"Columbia is grateful to Paradigm Talent Agency for this gift to create a new endowed scholarship for our students, many of whom will walk in Chip Hooper's footsteps someday as music industry professionals and working artists," said interim dean of the school of fine and performing arts at Columbia Rosita Sands in a release. "The Chip Hooper Scholarship represents a new opportunity for students to truly turn their passions into careers."
The scholarship is open to students within Columbia's School of Fine and Performing Arts, which includes both Music Business and Photography majors, as well as Art and Art History, Dance, Design, Fashion Studies, Music and Theatre.
"We are very excited to see our father's impact continue to support the pursuit of future generations' dreams. We hope that this scholarship will help more young people pursue their passions in the music business and fine arts," Chip Hooper's children Max and Valerie Hooper said in a joint statement.
The scholarship is open for immediate application with a deadline of July 1. For more information on the award, visit the official Chip Hooper Scholarship website.