Stony Brook Foundation, Inc.

aka SBF   |   Stony Brook, NY   |  www.stonybrookfoundation.org

Mission

Established in 1965, the Stony Brook Foundation is a private 501(c) (3) nonprofit corporation. It exists to advance the goals and strategic plan of Stony Brook University by raising and managing private funds on the University’s behalf.

Ruling year info

1967

Interim Vice President, Advancement

Deborah Lowen-Klein

Main address

230 Administration Building Stony Brook University

Stony Brook, NY 11794 USA

Show more contact info

EIN

11-6077945

NTEE code info

Fund Raising and/or Fund Distribution (B12)

Single Organization Support (B11)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018.
Register now

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Login and update

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Advancing the goals and strategic plan of Stony Brook University.

Established in 1965, the Stony Brook Foundation is a private 501(c) (3) nonprofit organization. It exists to advance the goals and strategic plan of Stony Brook University by raising and managing private funds on the University’s behalf. Since its inception, the Foundation has raised nearly $1 billion in gifts and employs best practices and procedures to ensure all gifts to the University are wisely invested and distributed consistent with each donor’s expressed intent.

Population(s) Served
Students

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Established in 1965, the Stony Brook Foundation is a private 501(c) (3) nonprofit organization. It exists to advance the goals and strategic plan of Stony Brook University by raising and managing private funds on the University’s behalf. Since its inception, the Foundation has raised nearly $1 billion in gifts and employs best practices and procedures to ensure all gifts are wisely invested and distributed consistent with each donor’s expressed intent.

Philanthropy through the Stony Brook Foundation that supports Stony Brook University’s programs have never been more important given the well-documented decline in state funding for public higher education. Although New York State is more generous to its state university system than those of other states, it funds less than 18 percent of Stony Brook’s annual operating budget.

Ensuring access to a world-class public university education for highly qualified students from families with limited means is central to our mission. At Stony Brook, approximately one-third of students are Pell eligible, meaning they come from families earning less than $30,000 a year. And among fellow members of the prestigious Association of American Universities, Stony Brook University stands out with the second highest proportion of Pell eligible students.

To meet this need, the Foundation raises private dollars for merit and need-based student scholarship and fellowship support. Privately raised funds help ensure that Stony Brook is not about privilege but about potential.

Funds raised by the Stony Brook Foundation for endowed faculty, innovative technology, and basic and translational research have enabled the University to achieve a critical margin of excellence and a U.S. News & World Report ranking of 39 among public universities in the country as well as #24 for top performers of Social Mobility

The strategy to advance the goals of Stony Brook University is driven by the University’s Advancement Department. The Advancement staff connects and builds relationships with friends, foundations, corporations and alumni to raise funds for the University, Stony Brook Medicine, the Long Island State Veterans Home and related funding priorities that advance the University's mission.

Under the leadership of Senior Vice President Dexter A. Bailey, who also served as Executive Director of the Stony Brook Foundation, University Advancement completed the largest fundraising campaign in SUNY history, The Campaign for Stony Brook, raised $630.7 million in private donations from 47,961 friends, corporations, foundations, faculty, staff and alumni.

Advancement is composed of these major areas:

• Development: Comprises all frontline fundraising activity by leadership and major gift, the Annual Fund, Planned Giving, and Foundation and Corporate Relations.

• Alumni Relations: Connects and involves alumni, students and parents with the University and each other, and advises and oversees the Stony Brook Alumni Association.

• Special Events: Manages Advancement initiated events on and off campus that seek to engage, cultivate and steward fundraising prospects and donors.

• Advancement Communications: Creates the tools and messaging that help persuade friends and alumni to invest in Stony Brook.

• Advancement Services: Responsible for Advancement related operations including technology management, prospect research and donor relations.

Moreover, many of the Advancement staff have presented at industry conferences and are considered thought leaders in today’s dynamic higher education and medicine fundraising professions.

Our continued efforts focus on building a comprehensive fundraising program that will support Stony Brook University’s ambitious mission. With declining State support, a professional fundraising program is necessary for Stony Brook to complete effectively with our aspirational peers for top students, faculty and academic programs.

In 2011 Dexter A. Bailey, who has 25 years of experience in educational advancement, was appointed Senior Vice President for Advancement and Executive Director of the Stony Brook Foundation. Under his leadership, Stony Brook University has increased annual fundraising from $41 million to $90 million annually and launched and completed a $630 million dollar campaign, the largest campaign in the history of the State University of New York (SUNY). In addition, Dexter Bailey has strengthened the Stony Brook Foundation by diversifying the Foundation board, introducing dean's councils for every college and school at the institution, hiring the Foundation's first chief investment officer and by introducing and leveraging data & analytics to guide the Foundation's work.

Moreover, we have re-engineered the entire Advancement division, and we have welcomed more veteran fundraising professionals, strengthened accountability, increased alumni services and enhanced donor engagement and stewardship.

We have the fundamental infrastructure in place to support our growing community of committed donors and are exceptionally proud of our Advancement and Foundation team members who have worked tirelessly and diligently on behalf of our deserving students, faculty and staff.

In June 2018, Stony Brook University concluded the most successful fundraising effort in SUNY history. Over the past seven years, The Campaign for Stony Brook raised $630.7 million, exceeding the $600 million goal by five percent.

The campaign was built around seven core priorities, reflecting the breadth of Stony Brook’s mission and the depth of our commitment to making a difference.

Scholarships - As the cost of a college education continues to rise, Stony Brook prides itself on delivering a world-class education at a remarkably affordable price. We are committed to giving talented students and their families’ opportunities that may be otherwise unavailable to them.

Research & Innovation - Stony Brook has earned a reputation as a public research university that thrives on the forefront of discovery. But we see an opportunity to go farther and become a national leader in the kind of collaborative, interdisciplinary inquiry that will drive the evolution of healthcare, energy, digital technology and social policy.

Endowed Faculty – To stand out in the competitive academic landscape, you need to have the best faculty. 44 newly created chairs and professorships – a 400% increase in endowed faculty - have helped us attract and retain top scholars across campus.

Medicine - By operating the largest hospital in Suffolk County and the top teaching hospital in the region, we assume a major responsibility. We commit ourselves to applied medical research and discovery that will generate new treatments and technologies. And we engage ourselves as educators for the next generation of medical professionals.

Economic Development – A critical part of our mission is the promotion of business innovation and entrepreneurship through research and public private partnerships. New partnerships with National Grid, Island Federal Credit Union, US Dept. of Energy, Long Island Forum and others are turbocharging the region’s economy.

Facilities & Campus Life - We are more than a university—we are a community. The close, formative relationships between our students and faculty is one of the most important barometers of the impact of the Stony Brook experience. By investing in facilities that support our community, we ensure its continued growth and strength.

Stony Brook Annual Fund - The Stony Brook Annual Fund is a vital means of providing ongoing support to make the greatest immediate impact on our community. Annual Fund donors direct their charitable gifts to specific academic programs, departments and colleges in addition to scholarships, graduate research stipends and a wide range of campus priorities.

While The Campaign for Stony Brook has concluded, our work will not end. We are determined to continue working at the highest possible level of professionalism and productivity to translate those successes into charitable support, the driving force behind our future achievements together.

Financials

Stony Brook Foundation, Inc.
lock

Unlock financial insights by subscribing to our monthly plan.

Subscribe

Unlock nonprofit financial insights that will help you make more informed decisions. Try our monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights?
Learn more about GuideStar Pro.

Operations

The people, governance practices, and partners that make the organization tick.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Stony Brook Foundation, Inc.

Board of directors
as of 3/1/2021
SOURCE: Self-reported by organization
Board chair

Richard L. Gelfond

Stony Brook Foundation

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 03/01/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Decline to state
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data