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STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION INC
UTICA, NY · EIN 237412413 · Form 990 · FY2024 · Medium ($1M-$10M) · sunypoly.edu
revenue
$2.4M
expenses
$1.4M
net assets
$11.5M
employees
0
volunteers
200
program ratio
84%
mission · from form 990

THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION OPERATES PRIMARILY TO ENCOURAGE AND RECEIVE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE (SUNY POLY).

profile · synthesized from sources

The State University of New York Polytechnic Institute Foundation Inc. is a nonprofit organization established in 1974 to support SUNY Polytechnic Institute through philanthropy. It raises and manages charitable contributions to fund scholarships, faculty support, academic programs, campus development, and student initiatives. The foundation plays a key role in advancing the institution’s mission by reducing financial barriers and enhancing educational opportunities for students.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $670K
    GRANTS AWARDED TO SUPPORT SUNY POLY CAMPUS ACTIVITIES, OTHER THAN SCHLOARSHIPS. THE SUPPORTED ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, FUNDING OF AWARDS, SUPPORTING FACULTY, CAMPUS AND COMMUNITY ACTIVITIES, GRADUATION AND CLUB ACTIVITIES.
named programs · 4 · from sources

What they call their work

Annual Fund
Unrestricted giving program that supports high-priority needs across SUNY Poly, including academic programs, faculty development, and student activities
NYSTEC Business Center of Excellence
Interdisciplinary hub supporting AI research, business ethics education, entrepreneurship, and financial simulation training through the AI Trading Room
Scholarship Program
Provides financial assistance to eligible students attending SUNY Poly; awarded 381 scholarships in 2021
Student Emergency Fund
Supports students facing unexpected financial hardships, helping them remain enrolled and succeed academically
activities · 3 groups

What they do

  • University-Specific Endowment and Program Funding 3 activities
    • Administering charitable gifts through the NYS Charitable Tax Credit Program
      Distributes charitable gifts designated to the SUNY Poly Foundation via the New York State Charitable Tax Credit Program, facilitating tax-advantaged giving to support institutional priorities.
    • Facilitating alumni-led fundraising campaigns
      Supports and enables fundraising initiatives led by alumni groups, such as the Class of 1976 campaign aiming to raise $30,000 for student programs at SUNY Poly.
    • Funding campus programs and initiatives at SUNY Poly
      Channels donor contributions and awards grants to support a wide range of campus activities including academic programs, faculty and staff initiatives, club activities, community engagement, athletics, experiential learning, research, campus development, and endowment growth.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Funding scholarships for SUNY Poly students
      Provides scholarship assistance to students attending SUNY Poly to reduce financial barriers and support student success. Supported 381 students in one reported year and 314 in another, with ongoing efforts to attract and retain students through financial aid.
  • Uncategorized 2 activities
    • Appointing leadership for institutional centers
      Appointed Dr. Jim Staihar as Executive Director of the NYSTEC Business Center of Excellence, supporting capacity and leadership development for key academic and innovation initiatives.
    • Establishing and funding the NYSTEC Business Center of Excellence
      Established the NYSTEC Business Center of Excellence in Donovan Hall with a $500,000 pledge from NYSTEC and raised over $885,000 for its development, supporting academic and business collaboration.
financials · form 990 · fy2024
revenue
Total revenue$2.36M
Contributions & grants$1.63M69%
Program service revenue$00%
Investment income$773K33%
Other revenue$-38K
expenses
Total expenses$1.40M
Program expenses84%
Admin / overhead14%
Fundraising2%
Salaries & benefits$0
Grants paid out$1.18M
Largest expense lineProfessional Fees
balance sheet
Total assets$11.60M
Cash$361K
Investments$11.00M
Liabilities$112K
Net assets$11.49M
Liquid reserves97.3 mo
6 years on record · 2019–2024 · YoY revenue +20.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
MARY ELLEN BURDICK TREASURER 1 $345K
ANDREA LAGATTA EXECUTIVE DIRECTOR 40 $245K
MEGAN DISCHIAVO FACULTY REP 0 $155K
BRITTANY MORAWIEC DIRECTOR OF COLLEGE HOUSING 0 $149K
board members · 11
  • ANTHONY VENNERO — CHAIR
  • GINA SURACE — MEMBER
  • HEATHER HAGE — MEMBER
  • JASMINKA HUSIC — VICE CHAIR
  • JENNIFER TOWNS — MEMBER
  • JOANNE DONARUMA WADE — MEMBER
  • JOHN HOBIKA JR — MEMBER
  • LOUIS LEOGRANDE — MEMBER
  • LYNN ROSEN — MEMBER
  • SCOTT MCCARTNEY — MEMBER
  • TRICIA STICCA — MEMBER
relationships · 7

Who they work with

  • Community Foundation Partner — Provided financial support for the NYSTEC Business Center of Excellence campaign.
  • First Source Federal Credit Union Partner — Supported the NYSTEC Business Center of Excellence through campaign contributions.
  • M&T Bank/Partners Trust Bank Charitable Fund Partner — Contributed funding to support the development of the NYSTEC Business Center of Excellence.
  • NYSTEC Partner — Collaborates on the establishment of the NYSTEC Business Center of Excellence at SUNY Poly.
  • New York State Technology Enterprise Corporation Partner — Partnered with SUNY Poly to establish the NYSTEC Business Center of Excellence through a $500,000 pledge and ongoing collaboration.
  • STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE Partner — Primary beneficiary of charitable contributions and grants awarded by the foundation.
  • SUNY Impact Foundation Partner — Processes donations and distributes designated gifts to the SUNY Poly Foundation under the NYS Charitable Tax Credit Program.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Donor Incentive Matching
    methodology: matching_gift_incentive
    By offering donor-matching incentives, we increase fundraising participation and total contributions, because donors are more motivated to give when their gifts are amplified by matching commitments.
  • Experiential Skill Development
    methodology: experiential-learning
    By embedding hands-on learning with AI, ethics, and innovation, we build entrepreneurial capacity and responsible leadership, because active engagement deepens learning and transferability beyond classroom settings.
  • Interdisciplinary Leadership Model
    methodology: interdisciplinary-education
    By integrating artificial intelligence, business ethics, and entrepreneurship into a unified curriculum, we prepare students for leadership in complex global environments, because real-world challenges require synthesis across technical, ethical, and economic domains.
  • Tax-Credit-Driven Fundraising
    methodology: tax-incentivized giving
    By leveraging state tax credits, we increase donor participation and giving levels, because financial incentives reduce the net cost of contributions and make philanthropy more attractive to individuals and corporations.