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Pictured above, from left to right: Simons Foundation President David Spergel, Jim and Marilyn Simon, Stony Brook University President Maurie McInnis and Governor Kathy Hochul. Photo by John Griffin/Stony Brook University

Stony Brook University’s former Math Department chair is making history.

Jim Simons, with his wife Marilyn and through the Simons Foundation, is giving the largest ever unrestricted gift of $500 million to the university’s endowment.

The donation, which the Simons Foundation will provide in installments over the next seven years, will more than double the endowment for the SUNY flagship school.

As a part of a program Governor Kathy Hochul (D) created last year, New York State will provide a one-to-two endowment match while the school, with support from the Simons Foundation, reaches out to other donors for additional support.

SBU expects the gift to total about $1 billion.

“Today is indeed a historic day for Stony Brook University,” President Maurie McInnis said during a press conference at the Simons Foundation headquarters in Manhattan on June 1. “I cannot overestimate the tremendous impact” the gift will have.

The university anticipates using the gift, named the Simons Infinity Investment, for student scholarships for a diverse student body, endowed professorships, research initiatives, development of new academic fields and clinical care.

McInnis, who is the sixth president of SBU, suggested this kind of support helped create and shape some of the nation’s most prestigious universities, including Harvard and Yale.

Looking at how they started, “you’ll find that they were bolstered by generous supporters who were ambitious and wise enough to see the potential of the institutions and invest in the future,” McInnis said at the press conference. “Because of those supporters, look where they are now. That is the trajectory we are on,” thanks to the support from Jim and Marilyn Simons and the foundation president, David Spergel.

McInnis believes the funds will help make the university a place where every student meets their potential, thanks to the support and the “deep sense of belonging in every corner of campus.”

The funds would also help ensure that researchers have access to the “best labs and equipment” so they can “chase the next discovery” and where learners will come to the university because they “know they have the resources they need to make a difference.”

History of giving

The Simons family has a long history of giving back to the university, which was so important in their lives.

Starting with a much more humble gift of $750 in 1983, the Simons family, with this gift and other recent commitments, have pledged $1.2 billion to a university that Gov. Hochul declared a flagship of the state university system in 2022.

“I’m so happy to be here today, to be able to give back to Stony Brook, which has given so much to me,” Marilyn Simons said at the press conference.

When she started as a student at Stony Brook, Marilyn said her father was a subcontractor who, along with her brother and cousin, did some of the brickwork at university buildings.

In addition to earning her bachelor’s at Stony Brook, Marilyn Simons also earned her Ph.D.

“I’m grateful to Stony Brook for all it’s given me,” she said. “I hope many others will invest along with us.”

Jim Simons became chairman of the Math Department when he was 30. He hired 10 faculty in his first year and the same number in his second.

When Hochul stood up to speak, Simons interrupted her.

“I’ve known” all six presidents of Stony Brook, the former Math Department chair said. McInnis “is the best.”

Hochul appreciated the direction and vision of SBU’s leadership, recognizing the sizeable financial commitment the state would now have to meet.

When she came up with the endowment idea, “I didn’t realize it was going to be so expensive for me,” Hochul laughed. If that inspired the Simons Foundation to come forward, “it was worth it.”

A public institution like Stony Brook “has no limits right now,” Hochul added. “I guarantee across the world, they’ve all heard of Stony Brook right now.”

A winning streak

The $500 million gift from the Simons Foundation continues a winning streak, making 2023 a memorable and landmark year for the university.

A few weeks ago, Stony Brook, with a $100 million commitment from the Simons Foundation, won the state’s contest to turn Governors Island into a center for climate science called the New York Climate Exchange. [See story, “SBU will develop $700M climate center on Governors Island,” April 26, TBR News Media website.]

The center, which will cost $700 million to construct and is expected to open in 2028, will house research laboratories, host community discussions and train 6,000 people per year to work in green energy jobs.

SBU has “shown that it has the knowledge, the authority and the boldness to bring together the most eminent institutions to address the world’s leading challenges,” McInnis said.

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Stony Brook University: Entrance sign

The Simons Foundation’s contribution is the largest unrestricted endowment gift to a higher education institution in American history

The Simons Foundation, a philanthropy working to advance the frontiers of research in mathematics and the basic sciences, today announced a historic $500 million endowment gift to Stony Brook University during a news conference at the foundation’s Manhattan headquarters. This monumental gift — the combined largesse of the Simons Foundation and Simons Foundation International — is the largest unrestricted donation to an institution of higher education in U.S. history.

The extraordinary gift is also expected to grow by up to $1 billion in contributions for Stony Brook University’s endowment by capitalizing on New York State’s 1:2 endowment matching program and other philanthropy inspired by this gift. This transformative donation will cement Stony Brook’s place as New York’s flagship research institution and provide the means to invest in areas most urgent and necessary to help sustain the university’s commitment to educational excellence, research innovation and community support.

Investments stemming from this gift will have a direct and positive impact on perpetual funding for student scholarships, endowed professorships, innovative research, and excellent clinical care.

“The Simons Foundation mission is to advance the frontiers of research in mathematics and the basic sciences,” Foundation President David Spergel said. “For more than a decade, we have been proud to give to an institution that is at the forefront of educational excellence in the sciences. It is our sincere hope that this large unrestricted gift will build upon our previous support to Stony Brook, giving students and faculty the ability to dream big and engage in transformative research.”

“A world-class, public education has the ability to transform the lives of New Yorkers, which is why in this year’s budget we created the first-ever matching fund for endowment contributions for SUNY’s university centers,” Governor Kathy Hochul said. “Time and again, Stony Brook University forges a bold path forward, from innovation happening at Brookhaven Lab to the economic development throughout Long Island. With this remarkable contribution from the Simons Foundation, Stony Brook will continue to excel as an internationally recognized research institution and give students the tools they need to succeed.”

“We are eternally grateful to Jim and Marilyn Simons and Simons Foundation President David Spergel for their unparalleled support of Stony Brook University. In 1960, we were given a mandate by the State Board of Regents to become a university that would ‘stand with the finest in the country,’” University President Maurie McInnis said. “Thanks in large part to the generosity of the Simons Foundation, we have done just that, and we have no intention of slowing down. We take seriously our commitment to our students, our faculty and our broader community to advance knowledge and contribute to the most significant challenges facing our society. We are so proud of all that we have accomplished as an institution and our best days are ahead of us.”

“I joined Stony Brook University in 1968 as Chair of their Department of Mathematics,” Simons Foundation Co-Founder Jim Simons said. “I knew then it was a top intellectual center with a serious commitment to research and innovation. But Stony Brook also gave me a chance to lead — and so it has been deeply rewarding to watch the university grow and flourish even more. Marilyn and I are proud to support this outstanding public university that has given us so much.”

“As a Stony Brook graduate, I know firsthand the role that a quality education plays in the trajectory of one’s life,” said Marilyn Simons ’74, PhD ’84, Simons Foundation Co-Founder. “I am proud of the education I received there. Jim and I want to ensure that Stony Brook continues to serve its students with the highest level of educational excellence and with world-class resources. The foundation’s gift will also help give those from underserved communities the opportunity to reach their full potential. We look forward to seeing this institution continue to thrive.”

Since Jim and Marilyn made their first gift of $750 in 1983, they and the Simons Foundation have committed more than $1.2 billion to Stony Brook, while also inspiring over 2,100 other donors to give to the university. Their transformational support has led to growth impacting every corner of the Stony Brook campus and beyond, from the Renaissance School of Medicine and the Simons Center for Geometry and Physics to Stony Brook’s Simons STEM Scholars program, nine endowed chairs and professorships in economics, and more.

In addition to this historic gift and previous gifts to Stony Brook University, last month, following Stony Brook’s successful bid to serve as the anchor institution of the The New York Climate Exchange, the Simons Foundation committed $100 million to the project’s expected $700 million budget. These funds will help establish this climate research, education and green-economy training hub, set to transform how the world responds to the climate crisis and pioneer investigation into environmental, community and health outcomes and impacts.

The Simons’ own personal involvement in Stony Brook community life over the past 55 years has been life-changing for generations of students’ and scholars’ past, present and future. They have provided countless hours of counsel and leadership to advance important initiatives. For example, Marilyn Simons’ work with the  Stony Brook Women’s Leadership Council mentoring program has been a launchpad for the careers of many undergraduates from all over campus.

“Jim and Marilyn have a long history of generously supporting the sciences, education, and the health and well-being of New Yorkers,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, and 108th Mayor of New York City. “This new gift is an extraordinary example of that, and it will help Stony Brook University make critical investments that will empower more students to reach their full potential.” 

“The generosity of Jim and Marilyn Simons and the Simons Foundation has already changed the lives of millions of New Yorkers, and this historic contribution to Stony Brook University will impact our students and our state for generations to come,” said SUNY Chancellor John B. King Jr. “Today’s announcement will benefit SUNY students through scholarship, academic programs, and research opportunities, and it will enhance Stony Brook’s prominence as a world-class leader of higher education. The Simons donation illustrates the power of Governor Hochul’s Endowment Fund Match program to multiply the support of generous donors to expand research and scholarship across SUNY.”

“It is my true honor to know Jim and Marilyn and to have had the privilege to work alongside them for more than 30 years,” said Stony Brook Foundation Board of Trustees Chair Richard Gelfond ‘76. “Both as an alumnus of Stony Brook and as Board chair, I am grateful for their generous philanthropic support, their leadership, and their friendship. They have made an indelible impact on the future of the University.”

# # #

About Stony Brook University

Stony Brook is New York’s top ranked public university and a part of the State University of New York (SUNY) system, an internationally recognized research institution and center of academic excellence dedicated to addressing pressing global challenges. SBU serves as the anchor institution for the New York Climate Exchange on Governors Island, the nation’s first climate research, education and green-sector-job-training hub set to transform how our global response to the climate crisis. As one of only eight American universities with a role in running a national laboratory, Stony Brook is also the joint managing partner of the Brookhaven National Laboratory for the U.S. Department of Energy.  The university’s distinguished faculty have earned esteemed awards such as the Nobel Prize, Pulitzer Prize, Indianapolis Prize for animal conservation, Abel Prize and the inaugural Breakthrough Prize in Mathematics.

 

About Simons Foundation

Co-founded in 1994 in New York City by Jim and Marilyn Simons, the Simons Foundation’s mission is to support basic scientific research in pursuit of understanding the phenomena of our world. The Simons Foundation provides grants to individual researchers and to scientific collaborations and institutions, work in mathematics and physical sciences, life sciences, neuroscience, and autism science. The Simons Foundation also conducts computational research in basic sciences in-house at its Flatiron Institute.

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Left to right: Deputy Mayor Maria Torres-Springer, Simons Foundation president David Spergel, SBU President Maurie McInnis, New York City Mayor Eric Adams, Harbor School student Leanna Martin Peterson and Trust for Governors Island President Clare Newman. Photo by John Griffin/Stony Brook University

Climate change often conjures images of violent storms, rising sea levels and endangered animals.

Scientists around the world warn so often about the dangers to our one and only planet that some couples have decided to hold off — or even not — have children among all the future anxiety.

Amid all that worry, however, New York City, the Trust for Governors Island, Stony Brook University and a team of other universities, nonprofits and businesses are working on the kind of solutions that could lead to a better future.

On a sun-splashed Monday morning at Governors Island just off the southern tip of Manhattan, Mayor Eric Adams (D), SBU President Maurie McInnis, Simons Foundation President David Spergel and a host of other luminaries discussed a new $710 million center for climate solutions, which Stony Brook as the anchor institution has called the New York Climate Exchange.

With $100 million in backing from the Simons Foundation, $50 million from Bloomberg Philanthropies and $150 million from New York City, the center will serve a host of important functions, including retraining 6,000 workers a year for jobs in the green energy sector, providing incubator space for businesses that are working on climate solutions and educating children from kindergarten through 12th grade.

In addition to the huge win for Stony Brook, which competed against other high-powered public and private universities for this coveted lead role, the effort could be a victory for New York, the surrounding mid-Atlantic states, the country and the planet.

Near the Statue of Liberty, which is a beacon of hope for democracy and an iconic symbol of the country, the Governors Island effort can come up with solutions and alternatives to a doom-and-gloom scenario while also sparking a commitment from students eager to find an outlet for their energy and creativity.

Will the center on its own help the world avoid the 1.5 degrees Celsius increase in temperature from the pre-Industrial Revolution days that scientists often point to as a tipping point for the planet? 

Absolutely not. That’s up to everyone from government and state leaders to huge companies and even individuals in the U.S. and throughout the world.

What the climate center, which will be completed in 2028 and will generate its own electric power without adding greenhouse gasses, will do is encourage dialogue with everyone, offer hope and provide a place for the best and brightest minds to develop answers to some of the world’s most troubling questions.

Coming just a few days after Earth Day, that is worth celebrating.

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Stony Brook University President Maurie McInnis, left, shakes hands with New York City Mayor Eric Adams. Photo by John Griffin/Stony Brook University

With a vision to turn parts of Governors Island into a world-class center that blends into the surrounding greenery, Stony Brook University won the highly competitive process to create a climate solutions center.

New York City Mayor Eric Adams (D) and the Trust for Governors Island earlier this week named Stony Brook the lead in teaming up with other universities, nonprofits and businesses to create a $700 million facility that will start construction in 2025 and open in 2028.

Backed by a $100 million donation from the Simons Foundation, a $50 million gift from Bloomberg Philanthropies and $150 million from the City of New York, Stony Brook will create a unique 400,000 square-foot facility.

The center will house research laboratories and host community discussions, train 6,000 people to work in green energy jobs per year, provide educational opportunities and search for climate solutions, including those that affect low-income communities of color.

“Climate change is here and the danger is real,” Adams said at a press conference on Governors Island unveiling the winner of the competition. “I am proud to announce that we have selected a team led by Stony Brook University to deliver the New York Climate Exchange.”

Adams suggested the Stony Brook team, which includes local partners like Pace University, New York University and the City University of New York, will protect the city’s air and water.

The Trust for Governors Island also anticipates the site, which will include a “semester abroad” on-site, fellowships and internship programs, will host scientific symposiums that can bring together leaders in a range of fields.

In an email, Simons Foundation President David Spergel hopes the center will “nucleate new business that generates jobs in the region, invest in new technologies and advance solutions.”

The foundation is helping to recruit other benefactors to meet the financial needs for the site both by the example of its commitment and through personal interactions, Spergel said.

Stony Brook, meanwhile, which has a deep pool of researchers at the School of Marine and Atmospheric Sciences investigating climate-related issues, doesn’t plan to wait until the buildings are refurbished and constructed to start the conceptual and educational work.

During phase zero, the university will “work with our partners immediately” on developing programs for kindergarten through grade 12 outreach, on scaling up green workforce development and on developing collaborative research projects across institutions, SBU President Maurie McInnis said in a town hall discussion with the campus community.

Left to right: Deputy Mayor Maria Torres-Springer, Simons Foundation president David Spergel, SBU President Maurie McInnis, New York City Mayor Eric Adams, Harbor School student Leanna Martin Peterson and Trust for Governors Island President Clare Newman. Photo by John Griffin/Stony Brook University

Practice what it preaches

In addition to providing space that will generate and test out ideas for solutions to climate change, the New York Climate Exchange buildings will minimize the carbon footprint.

There will be 230,000 square feet of new space and 170,000 square feet of refurbished existing structures. The plans, which were created by Skidmore, Owings & Merrill, involve creating the biggest mass-timber building in New York City. As an alternative to concrete and steel, mass timber has a lower carbon footprint and is lighter.

Mass timber uses “less material and in a more efficient way,” said Keith O’Connor, principal at SOM, who runs the city design practice in New York and Washington, D.C., in an interview.

SOM designed the tops of the buildings with 142,000 square feet of solar cells, which will generate more than enough power for the site, enabling the center to provide all of its electricity needs and to send some energy to the city.

“We wanted to work really hard to avoid having a field of solar panels sitting off to the side” or sticking solar panels on each roof, O’Connor said. Instead, the solar panels, which will be at slightly different angles from each other, track the topography of the structures without creating a glaring field of reflected light.

Guests who arrive at Governors Island will notice a solar canopy that is “front and center,” O’Connor said. “It’s about a message for everyone who is visiting — it says that energy generation is critical.”

SOM wanted to find a way to create a warm and welcoming aesthetic that provides energy, O’Connor added.

All of the nondrinking water will come from rainwater and treated wastewater.

The site anticipates diverting 95% of waste from landfills, making it one of the first in the country to achieve true zero-waste certification.

“The concept of the physical structure is astonishing,” David Manning, director of Stakeholder Relations at Brookhaven National Laboratory, which will serve as an adviser on the center, said in an interview. “You want to attract the best and the brightest. You do that with programming. It doesn’t hurt that [the design and the facilities] are also cool.”

An aerial rendering of the island after construction, which will also include 4.5 acres of new open space, looks more like a park than a typical research station.

Governors Island, which hosts about a million visitors each year who arrive on ferries that run every half hour, plans to double the ferry service, with trips traveling every 15 minutes during the day starting next year. Also in 2024, the city will start using a hybrid electric ferry to reduce emissions.

Considerable collaborative support

McInnis expressed her gratitude to the team at Stony Brook and to her partners for putting together the winning proposal.

McInnis suggested that the university’s commitment to studying, understanding and mitigating climate change, coupled with national and international collaborations, would unite numerous strengths in one place.

“We knew we had the right team to lead this effort,” said McInnis at the announcement on Governors Island. “We also knew we needed a diverse set of partners” in areas including environmental justice, in the business sector and in philanthropic communities.

Other partners include Georgia Tech, University of Washington, Duke University, Rochester Institute of Technology and University of Oxford, England.

BNL’s Manning appreciated the opportunity to attend the kickoff of the project on Governors Island. 

Near the tip of Manhattan amid a “stunning blue sky,” the gathering was the “perfect setting” to announce and create solutions that were “this future focused,” Manning said.

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