Carolina Herrera will don a cap and gown to pick up an honorary doctor of fine arts degree from the Fashion Institute of Technology May 22 when students of the Schools of Art and Design and Graduate Studies receive their diplomas. Davin Stowell, founder and chief executive officer of the multidisciplinary firm Smart Design, will deliver the keynote address at the Jacob Javits Center North. Earlier in the day, Leslie Blodgett, creator of bareMinerals and executive chairman of Bare Escentuals, will be the keynote speaker for graduates of FIT’s Jay and Patty Baker School of Business and Technology and the School of Liberal Arts.WWD