"We were all thrilled and shocked to receive this bequest," said Jacqueline Davidson, the school's principal.
The money must be used for a new permanent home for the school. If the process of constructing a new building has not begun within three years, the gift will be withdrawn.
The school has outgrown its current home, according to Davidson. "A new facility will go a long way toward expanding arts education in the Valley," she said, "and will bring a higher level of professional education."
"The gift will certainly have a huge impact," she added, "but more is needed to construct a new building and run it well. Ms. Schmidt's generosity and foresight is appreciated beyond words."