The California Institute of the Arts said Friday that the Walt Disney Co. has established the Sharon Disney Lund Scholarship in Dance, a $ 500,000 endowment that will annually provide scholarships for six to 10 dance students.

Walt Disney’s younger daughter, Lund was a CalArts trustee from 1976 until her death in February. She contributed to the initial $ 60 million used to fund CalArts.

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