> Is beauty a requirement for a institution?

It certainly is if those institutions recognize their responsibility when building large projects. Good architecture should be beautiful, robust, and useful. That's a rule of thumb dating back to antiquity. Modernist ideology started to subvert two of those, and really only focused on use. It bastardized beauty into branding, the idea that a building is a sculpture that needs to project the brand of the institution. That's why so called "forward thinking" institutions build buildings that look futuristic. But they only look futuristic in the present-day, that kick wears off really quick. What remains is often objectively horrible and unpleasant. That new Yale building will not suffer that fate, because Yale didn't fall in that trap of using architecture as branding.