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.
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Renaissance Technologies founder and philanthropist Jim Simons is expected to announce a $150 million gift to Stony Brook University 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 the failure of that legislation in August of 2010, Simons opted not to offer that gift at that time.
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.
Joan Tutt
8:12 am on Wednesday, December 14, 2011
And, yet, SBU Southampton remains shuttered while SBU Songdo Korea opens in three months. I don't get it. Can someone please explain this to me?
In The Woods
1:37 am on Friday, December 16, 2011
Miss Tutt,
Is your question pertaining to Mr. Simons contribution, SBU Southhampton campus closure, or Songdo?
Vic Amoroso
11:22 am on Thursday, December 15, 2011
Dr. Simons has again provided tangible proof of his commitment to our community. His insistence on the accountability and involvement of our NYS Legislature in the ongoing financial integrity of our higher education institutions is responsible and on target. I applaud this philanthropist and his good works, and wish SBU great success in their intended utilization of these funds.
Vic Amoroso
Joan Tutt
8:09 am on Saturday, December 17, 2011
In The Woods~ Then entire ball of wax:
Joan Tutt
8:34 am on Saturday, December 17, 2011
How can "they" close a viable Long Island campus siting financial woes, when, obviously, there are other monies to be had? "They" just chose to use them elsewhere, and, I'm sure, there is a long term & a short term plan in place for the 82 acre Shinnecock Hills property. Why is it a secret? It is not like this is privatte property. It belongs to NYS and the taxpayers that have invested $78 million +/- into it.