Schools
Simons to Give Stony Brook $150M Gift
New York Times reporting hedge fund billionaire is expected to make largest donation to SUNY in its history.
Renaissance Technologies founder and philanthropist is expected to announce a $150 million gift to on Wednesday, according to a report published Tuesday in The New York Times.
The donation, which would be given over the span of seven years, would be the largest donation ever made to the State University of New York. It is more than twice the amount of the previous largest donation made to Stony Brook, which was a $60 million gift the Simons Foundation gave in 2008.
Simons, a former math professor at Stony Brook and Three Village resident, last year offered a $150 million donation to the university should the state legislature make certain changes to the way SUNY schools were funded. But with , Simons opted not to offer that gift at that time.
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The New York Times reported Tuesday that Simons was satisfied with the way the state legislature had acted this year.
Click here to read the full NYT report.
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