Stony Brook University Announces $600 Million Comprehensive Campaign, the Largest in SUNY history
On November 21, Stony Brook University launched the public phase of a seven-year, $600 million comprehensive campaign. The campaign, led by the Stony Brook Foundation, is the largest in the history of the State University of New York system. More than 30,000 individuals have already donated a total of $426 million and the Foundation expects to raise the remaining $174 million by July 2018.
The campaign will fund priorities across campus that are crucial to enhancing further the University’s already extraordinary record of achievement, with an emphasis on increasing financial aid support to students, creating a total of 100 endowed faculty positions, and bolstering research productivity.
The campaign kicked off in 2011 with a lead gift of $150 million from James and Marilyn Simons and the Simons Foundation. Forty-six other individuals have since donated gifts of at least $1 million, and some of the University’s most prominent supporters have joined the Simons in becoming co-chairs of the campaign. The co-chairs are:
- Glenn R. Dubin ’78, Hon. ’12, and Eva Andersson-Dubin, MD
- Richard L. Gelfond ’76, Hon. ’04, and Peggy Bonapace Gelfond
- James H. Simons, PhD, Hon. ’92, and Marilyn H. Simons ’74, PhD, Hon. ’08
- Cary F. Staller, Esq. and Marisela H. Staller
“Jim and Marilyn Simons gave Stony Brook one of the largest gifts ever to a public research university, and that gift has become even greater – inspiring this entire campaign and the further generosity of tens of thousands of Stony Brook alumni and friends,” said Stony Brook University President Samuel L. Stanley Jr., MD. “Philanthropy is Stony Brook’s margin of excellence, and this campaign will continue to take our students, faculty and entire campus community far beyond expectations.”
“Philanthropy is what sets Stony Brook University apart,” said Richard Gelfond, President of the Stony Brook Foundation and CEO of IMAX. “It’s what enables the University to attract world-class professors, create cutting-edge research facilities, and recruit the most promising students. And it allows us to fulfill the ideals of a public research university and have an impact as one of the world’s great universities.”
Among the campaign’s many goals will be to substantially increase the University’s endowment, which provides the continuity and stability needed to plan and grow. Stony Brook’s $145 million endowment remains well below the $1.8 billion average of its peer schools in the Association of American Universities. In addition, while a public university, Stony Brook receives only 18 percent of its annual operating budget from the State of New York.
“Stony Brook University is only 58 years old, and it’s already among the world’s great universities,” said Dexter Bailey, Senior Vice President for Advancement at Stony Brook University and Executive Director of the Stony Brook Foundation. “The University’s potential is unlimited, and with the momentum of this campaign, we aspire to engage many others in our shared vision to prepare tomorrow’s leaders for the great challenges of our time.”