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New York University’s Tisch School of the Arts has just established a new scholarship for autumn 2010 students called The Alec Baldwin Drama Scholarship, thanks to a million dollar donation from Alec Baldwin.

Baldwin says he believes in giving back to institutions that give us opportunities, and he has high praise for his alma mater, but he sees certain qualities in people as key to success as well.

“The support I received from Tisch made it possible for me to become an actor and to have a career in this business,” said Baldwin. “I believe that in addition to excellent training, achievement of one’s goals in the performing arts requires an unwavering work ethic, development of leadership skills, willingness to collaborate, the ability to tolerate risk, and the capacity to work with constructive criticism.”

The Tisch arts school was renamed after the generous donator of an important piece of real estate in 1982, which is where most of the school’s programs are held. The fitting locations of the three Tisch School buildings, in the heart of Greenwich Village, are close to many of New York’s theatres, art galleries, museums, music halls and cinemas.

“All incoming undergraduate students who exhibit high artistic and academic performance and demonstrate financial need will automatically be considered,” for the new scholarship, says the Tisch website.

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