irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $15.39MSTONY BROOK FOUNDATION PROVIDED SUNY STONY BROOK FUNDS FOR VARIOUS INSTITUTIONAL SUPPORT, INCLUDING BUT NOT LIMITED TO: FUNDING CONSTRUCTION OF CUTTING-EDGE FACILITIES SUCH AS THE INDOOR TRAINING CENTER FOR ATHLETICS AS WELL AS SUBSTANTIAL RENOVATIONS OF THE CURRENT EXISTING STONY BROOK UNIVERSITY HOSPITAL, SUBSIDIZED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK STRATEGIC ACADEMIC INITIATIVES, AND STONY BROOK UNIVERSITY DEPARTMENTS SUCH AS MATHEMATICS, PHYSICS AND THE TURKANA BASIN INSTITUTE, AN ACADEMIC BASE FOR SCIENTIFIC RESEARCH AND TRAINING IN PALEONTOLOGY AND PALEOANTHROPOLOGY.
- #2 $5.94MSTONY BROOK FOUNDATION PROVIDED VARIOUS STUDENT FINANCIAL SUPPORT TO SUNY STONY BROOK AS WELL AS TO SUNY STONY BROOK'S STUDENTS TO ASSIST IN THEIR EFFORT OF DELIVERING A WORLD-CLASS EDUCATION AT A REMARKABLY AFFORDABLE PRICES AND TO KEEP RECRUITING THE BEST YOUNG MINDS AND FUTURE LEADERS FROM ACROSS THE SOCIOECONOMIC SPECTRUM. ENHANCED SUPPORT FOR FACULTY AND INCREASED ENGAGEMENT.
named programs · 4 · from sources
What they call their work
Academic Initiatives Support
Funds strategic academic programs, departments, and institutes at SUNY Stony Brook, including Mathematics, Physics, and the Turkana Basin Institute.
Capital Projects
Finances construction and renovation of facilities including the Medical and Research Translation (MART) building and Stony Brook University Hospital.
Research Funding
Supports research in areas such as cancer, environmental sustainability, chemical biology, and tick-borne diseases at Stony Brook University.
Student Financial Support
Provides scholarships and financial aid to students to promote access to education across the socioeconomic spectrum.
activities · 4 groups
What they do
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Alumni Leadership and Career Support Programs 1 activity
- Alumni career development programmingHosts career development workshops for alumni, including sessions on topics such as salary negotiation, to support professional growth and engagement with the university community.
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Annual Financial and Activity Reporting 1 activity
- Financial transparency and donor reportingProduces and publishes an annual fiscal year report and ensures public access to IRS Form 990 via GuideStar. Prepares financial reports that communicate fundraising results and impact to donors and stakeholders.
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University-Specific Endowment and Program Funding 1 activity
- Fundraising and grantmaking for Stony Brook UniversityRaises and manages philanthropic funds to support Stony Brook University, including awarding grants for academic programs, research initiatives, faculty recruitment, student scholarships, and infrastructure development. Since inception, has raised over $2.36 billion in gifts.
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Charity Event Organization 1 activity
- Hosting annual fundraising campaigns and eventsOrganizes major fundraising events such as the Stars of Stony Brook Gala, held annually since 2000, which has raised over $70 million for academic programs and scholarships, including $2.15 million for student scholarships in one recent event. Also conducts time-limited campaigns like Giving Day 2026, a 24-hour fundraising initiative.
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financials · form 990 · fy2024
revenue
Total revenue$232.53M
Contributions & grants$198.68M85%
Program service revenue$2.55M1%
Investment income$30.34M13%
Other revenue$966K
expenses
Total expenses$83.64M
Program expenses68%
Admin / overhead19%
Fundraising13%
Salaries & benefits$18.89M
Grants paid out$32.46M
Largest expense lineCompensation
balance sheet
Total assets$1.48B
Cash$110.95M
Investments$958.22M
Liabilities$123.30M
Net assets$1.36B
Liquid reserves153.4 mo
6 years on record · 2019–2024 · YoY revenue -44.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 9
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MR DAVID MARCUS | CIO | 38 | $813K |
| DANIELLLE HOLTON | AVP, SBCH | 38 | $430K |
| KACY BULLARD | CFO & COO | 38 | $392K |
| CAROL GOMES | CEO, COO OF SBUH | 1 | $387K |
| DEBORAH LOWEN-KLEIN | SENIOR ASSOCIATE VP, ADVANCEMENT | 38 | $381K |
| TARA STENZEL-FLEMING | AVP, PRINCIPAL GIFTS & SFI | 38 | $322K |
| DAVID SMITH | SBF CONTROLLER | 38 | $294K |
| JUSTIN FINCHER | EXECUTIVE DIRECTOR (THRU 2/2025) | 38 | $106K |
| DR RICHARD MCCORMICK -SBU PRES | EX-OFF TRUS (VOTING) (AS OF 8/2024) | 3 | $57K |
board members · 16
- DR ASHVIN B CHHABRA — TRUSTEE
- DR BARRY S COLLER — TRUSTEE
- DR HENRY B LAUFER — TRUSTEE
- DR LAURIE LANDEAU — TRUSTEE, VICE CHAIR
- DR NIRMAL MATTOO — TRUSTEE
- DR STEPHEN DELLA PIETRA — TRUSTEE
- DR VINCENT DELLA PIETRA — TRUSTEE
- MR BARRY M FOX ESQ — TRUSTEE
- MR BERNARDO PIQUET — TRUSTEE
- MR CARY F STALLER — TRUSTEE, SECRETARY
- MR DAVID E ACKER — TRUSTEE, VICE CHAIR
- MR ERROL A COCKFIELD — TRUSTEE
- MR GUY-MAX DELPHIN — TRUSTEE
- MR RICHARD L GELFOND — TRUSTEE, CHAIR
- MR RICHARD T NASTI ESQ — TRUSTEE
- MR RUSSELL SHEPARD — TRUSTEE
relationships · 10
Who they work with
- GuideStar Partner — Hosts the Foundation's IRS Form 990s for public access.
- Office of University Advancement Partner — Collaborates with the Stony Brook Foundation to raise funds for Stony Brook University.
- SUNY Stony Brook Partner — Primary beneficiary of foundation funding for academic, research, infrastructure, and student support initiatives.
- State University of New York at Stony Brook Partner — Primary beneficiary of gifts accepted and managed by the foundation.
- Stony Brook University Government — Primary beneficiary and affiliated institution for which the foundation raises and manages funds.
- Stony Brook University Network — Primary institutional affiliation and partner in alumni engagement activities.
- Stony Brook University Partner — Collaborates closely with Stony Brook University to advance academic, research, and community initiatives.
- Stony Brook University Partner — Primary partner institution; the foundation raises and manages private funds to advance the university's goals and strategic plan.
- Stony Brook University Hospital Partner — Partners with Stony Brook University Hospital on health-related programs and volunteer initiatives.
- The State University of New York at Stony Brook Government — Hosts the Foundation's principal offices on its campus and has its President serving as an ex-officio member of the Board of Trustees.
strategies · 3
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.
- Expanding Access Through Philanthropy 387 orgsmethodology: access_and_equity_in_higher_educationBy raising and deploying private funds to support scholarships and financial aid, the Foundation increases access to world-class public education for highly qualified, low-income students, because financial barriers are a primary constraint to equity in higher education.shared approach: Financial Barrier Reduction →
- Conservative Endowment Stewardship 100 orgsmethodology: conservative_endowment_investmentBy using a conservative investment strategy, the Foundation protects endowment principal to ensure long-term, reliable funding for donor-designated purposes, because preserving capital enables sustainable support for institutional priorities across time.shared approach: Perpetual Endowment Model →
- Investing in Underfunded Opportunities 36 orgsmethodology: investing_in_underfunded_opportunitiesBy identifying overlooked areas and directing private philanthropy toward high-impact, underfunded initiatives, the Foundation drives transformational change at Stony Brook University because targeted investments in neglected areas yield disproportionate institutional advancement.shared approach: Philanthropy as Strategic Investment →