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Simons Foundation

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.

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.

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.

David Spergel, Simons Foundation president, and Maurie McInnis, SBU president, announced on May 11 that SBU would be the recipient of a $56.6 million gift from the Simons Foundation to fund a STEM program. Photo from Stony Brook University

At a press conference held May 11 at Stony Brook University it was announced that the Simons Foundation along with its sister foundation, Simons Foundation International, was gifting $56.6 million to SBU. 

The funds will be used in a science, technology, engineering and mathematics program to be launched in the fall of 2023. The Stony Brook Simons STEM Scholars Program will provide scholarships, housing and stipends to 50 new students each year in the STEM fields. 

“We could not be more excited and grateful to enter this new partnership with the Simons Foundation,” said SBU President Maurie McInnis, in a press release. “The Stony Brook Simons STEM Scholars Program will allow young people to reach their potential as they bring new, much-needed diversity of perspective to science and innovation. At any given time, we will have 200 future STEM leaders on our campus, forging their way in the STEM fields and setting the stage for future generations of students to follow in their footsteps.”

Simons Foundation’s new president David Spergel was on hand for the presentation. The $56.6 million gift is the Simons Foundation’s largest gift under his leadership.

“We need scientists and mathematicians who are reflective of our diverse world, and the scientific and educational communities must work together to find, train, and support underrepresented scientists and mathematicians,” Spergel said. “That’s why the foundation is making its largest investment yet in diversity through the Stony Brook Simons STEM Scholars Program. Stony Brook University has shown a real commitment already to access and opportunity. They’re our ideal partners in this.” 

In a joint statement, Jim and Marilyn Simons, co-founders and co-chairs of the foundation, said they were “proud to see the foundation taking steps to increase diversity in STEM fields.”

“The support network, tight-knit community, and sense of belonging that students will find in this program will be life-changing,” the couple said. “We’re incredibly proud to be part of a program like this, with positive implications not just for Stony Brook, but for New York State and the broader scientific and mathematical communities.”

Justin Fincher, SBU vice president for advancement, said, “The power of this gift is that it is not dedicated to existing programmatic or budget needs; rather, it will exclusively support hundreds of Stony Brook Simons STEM Scholars students.”

According to SBU, there is a major need for programs such as the Stony Brook Simons STEM Scholars Program to address the lack of diversity in STEM fields. STEM careers have seen a 79% growth in employment in the past 30 years, making STEM one of the fastest growing segments of the U.S. workforce. Yet Black and Hispanic workers only make up 17% of the U.S. STEM workforce, compared to 28% of the total workforce. Only 12% of full-time faculty at PhD-granting institutions are Black or Hispanic, a disparity that also exists in STEM higher education programs. 

Underrepresented college and university students are much more likely to switch from a STEM major to another course of study than their peers, according to SBU. 40% of Black STEM students switch their major during undergrad, compared to 29 percent of white STEM students, and Black STEM students are also twice as likely as their white peers to leave college without a degree. Just 7% of all STEM Bachelor’s degrees were awarded to Black students in 2018