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Stony Brook University Receives ‘Historic’ $150 Million Grant

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December 13, 2011

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By Jie Jenny Zou

On Tuesday, the New York Times reported that noted hedge fund billionaire and former Stony Brook mathematics professor James H. Simons has donated a $150 million grant to the university — the largest private endowment in SUNY history.

The amount is more than twice the $60 million that Simons contributed in 2008 to construct the Simons Center for Geometry and Physics located on campus near the Earth Space and Sciences Building and will go toward medical research including endowed professorships and graduate fellowships.

The endowment is poised to figure prominently in President Samuel Stanley’s overall push toward making Stony Brook a premier research university and a flagship SUNY destination.

Simons had worked previously with the State Defense Department during the Vietnam war and later became a department chair at Stony Brook.

The university is set to announce the historic endowment tomorrow via a shared webcast, 12/14 at 11 a.m. in the Student Activities Center and at the Health Sciences Center.

Stay tuned for more information on the historic grant and what it means for SBU and SUNY.

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