University embarks on $300 million Capital Campaign
The University is embarking on a five-year, $300 million capital campaign, President Kenny announced on June 7, 2005. It is the first capital campaign in the 47-year history of the University and one of the largest for an institution in the State University of New York system.
Stony Brook has already raised $190 million toward its goal in the silent phase of the campaign. Traditionally, colleges and universities have one-third of their goal in hand prior to making a formal announcement of a capital campaign.
A significant portion of the funds will be earmarked to create endowed professorships and for student scholarships and fellowships. The campaign will also support the creation of new laboratories and other research facilities at both the University and Stony Brook University Hospital, athletic programs and other student initiatives, and other programs.
In addition, monies will be allocated for the Center for Excellence in Wireless and Information Technology, designated by Gov. George Pataki as an engine for high-technology research and economic growth on Long Island. The campaign is part of the $3 billion effort initiated by SUNY for its 64 campuses across the State.
