The Simons Gift
Message from President Samuel L. Stanley Jr., MD
Today we celebrate two remarkable events: Governor Andrew Cuomo’s approval of Stony Brook University’s $35 million NYSUNY 2020 Challenge Grant application and a transformational $150 million gift to the University from Jim and Marilyn Simons and the Simons Foundation. Both events mark a milestone moment in the history of our young institution—one that we all have reason to celebrate.
The NYSUNY 2020 initiative provides us with a predictable tuition plan, recognizes Stony Brook’s unique needs as a research institution, and provides us with an infusion of $35 million in capital construction dollars. Under this plan, Stony Brook will hire more than 250 new faculty and 400 additional staff, and create thousands of jobs in the community. Also, a portion of the revenue raised from tuition and fees will be used to fund both merit- and needs-based financial aid, ensuring that a Stony Brook education remains affordable. Stony Brook’s new financial aid plan protects students whose families earn less than $75,000 a year. These students will not pay a penny more tuition under this plan.
Governor Cuomo and SUNY Chancellor Nancy Zimpher are to be commended for their strong leadership in support of public higher education in New York.
THE SIMONS GIFT
The Simons gift is historic; it is the largest gift ever to Stony Brook University and to public higher education in the State of New York. It is among the top ten gifts to any public college or university in America.
The Simons gift will fund three major priorities: (1) research excellence in the School of Medicine, (2) faculty hires through new endowed professorships, and (3) recruitment of top-level graduate and undergraduate students.