Frequently Asked Questions
What is the Stony Brook Foundation?
On February 24, 1965, the Stony Brook Foundation, Inc. was incorporated "to assist
in advancing the welfare and development of the State University of New York at Stony
Brook by accepting and encouraging gifts to this corporation and by using such gifts
to advance such purposes in a manner consistent with the educational policies of the
State University of New York." The Foundation Bylaws state that a Board of Trustees
shall "manage the property, affairs, business, and concerns of the Foundation."
If Stony Brook is a public university, why does it need private gifts?
The State of New York provides less than 18% of the University's annual operating
budget. Private gifts allow the University to attract and retain the best and brightest
faculty, provide scholarships, build first-class facilities, and continue the quality
education and research programs that are the hallmark of Stony Brook.
How is my gift spent?
The goal of the Stony Brook Foundation is to maximize the value delivered to the University.
By reducing administrative expenses wherever possible and optimizing organizational
efficiencies, the Foundation is able to make available to the University millions
of dollars each year. Each gift received by the Foundation — regardless of the purpose
or amount - is carefully processed to ensure that the donor's wishes are honored and
that the University receives the maximum benefit.
Is my gift tax deductible?
The Stony Brook Foundation is a registered 501(c)(3) charitable organization. All
gifts to the Foundation are tax deductible to the fullest extent of the law. You
should consult with your tax attorney/advisor concerning the deductibility of your
gift. The Foundation's federal tax identification number is 11-6077945.
Who decides the fundraising priorities?
The University's fundraising priorities are established by President Maurie McInnis,
PhD, in consultation with her Cabinet, Deans, and key faculty and staff, as well as
in consultation with the Foundation's Board of Trustees. Fundraising priorities are
fluid and are adjusted based upon the University's needs and donor opportunities.
How can I obtain additional information?
If you have reviewed this website in its entirety and cannot find the information
you need, please contact us by calling (631) 632-4353. We will do our best to answer
your questions in a thorough and timely manner.