Satter, a beloved entertainment industry figure with ties to countless writers, filmmakers and producers, shared the news, adding, "Our heart goes out to everyone who's experiencing loss during this devastating time in our city."

The actress put her stamp on the power suit while at the Sundance Institute gala.

This month, in the Wasatch Mountains of Utah, the Sundance Film Festival is once again providing a showcase for independent filmmakers and documentarians from around the world. But that isn't all that Sundance does. Correspondent Lee Cowan talked with actor Robert Redford, founder of the non-profit Sundance Institute, about the history of the festival, and of the filmmakers' labs that help up-and-coming cinematic storytellers hone their craft. Cowan also talks with actors Glenn Close and Ed Harris; the Institute's founding senior director, Michelle Satter; and Sean Wang, director of last year's breakout festival hit, the coming-of-age story "Didi."

The Grand Hyatt Deer Valley hosted a starry Celebrating Sundance Institute that also honored James Mangold, Cynthia Erivo and filmmakers Sean Wang, Julian Brave NoiseCat and Emily Kassie.