Stony Brook Foundation Inc

Organization Overview

Stony Brook Foundation Inc is located in Stony Brook, NY. The organization was established in 1967. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Stony Brook Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stony Brook Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Stony Brook Foundation Inc generated $129.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $72.5m during the year ending 06/2021. While expenses have increased by 6.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Stony Brook Foundation Inc has awarded 58 individual grants totaling $141,163,699. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE THE TAX-EXEMPT MISSION OF SUNY STONY BROOK THROUGH FUNDRAISING EFFORTS.

Describe the Organization's Program Activity:

STONY BROOK FOUNDATION PROVIDED FUNDING TO SUPPORT VARIOUS SUNY STONY BROOK ACADEMIC PROGRAMS, CENTERS AND INSTITUTES IN ORDER TO NURTURE ACADEMIC ACHIEVEMENT AMONG SUNY STONY BROOK STUDENTS AND FACULTY BY PROVIDING FUNDS TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY THROUGH THE USE OF ENDOWED CHAIRS AND ENDOWED PROFESSORSHIPS, AID IN CURRICULUM ENHANCEMENT AS WELL AS EQUIP CLASSROOMS AND LABORATORIES WITH THE LATEST TECHNOLOGY.


STONY 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.


STONY 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 REMARKABLY AFFORDABLE PRICES AND TO KEEP RECRUITING THE BEST YOUNG MINDS AND FUTURE LEADERS FROM ACROSS THE SOCIOECONOMIC SPECTRUM.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Investment Manager Co Sbf
Investment Mgmt
$2,067,809
Investment Manager Co Sbf
Investment Mgmt
$805,373
Blue State Digital Inc
Digital Marketing/networking
$692,929
Investment Manager Co Sbf
Investment Mgmt
$675,813
Investment Manager Co Sbf
Investment Mgmt
$683,775
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,424,046
All other contributions, gifts, grants, and similar amounts not included above$94,304,091
Noncash contributions included in lines 1a–1f $6,120,883
Total Revenue from Contributions, Gifts, Grants & Similar$95,728,137
Total Program Service Revenue$1,587,062
Investment income $156,468
Tax Exempt Bond Proceeds $0
Royalties $691,827
Net Rental Income $144,121
Net Gain/Loss on Asset Sales $29,974,623
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $5,755
Miscellaneous Revenue$0
Total Revenue $129,247,386

Grants Awarded

Over the last fiscal year, Stony Brook Foundation Inc has awarded $20,877,402 in support to 8 organizations.

Grant RecipientAmount

STONY BROOK UNIVERSITY OFFICE

PURPOSE: EDUCATIONAL SUPPORT

$13,785,091

STONY BROOK UNIVERSITY HOSPITAL

PURPOSE: OPERATION SUPPORT

$3,976,732

RESEARCH FOUNDATION - STONY BROOK UNIVERSITY

Org PageRecipient Profile

Albany, NY

PURPOSE: RESEARCH AWARDS & EDUCATIONAL SUPPORT

$3,018,632

BALDWIN UFSD

PURPOSE: EDUCATIONAL SUPPORT

$30,575

ALUMNI ASSOC OF THE ST UNIV OF NY AT STONY BROOK

Org PageRecipient Profile

Stony Brook, NY

PURPOSE: OPERATION SUPPORT

$25,000

FACULTY STUDENT ASSOCIATION

Org PageRecipient Profile

Stony Brook, NY

PURPOSE: EDUCATIONAL SUPPORT

$19,378
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Stony Brook Foundation Inc has recieved totaling $121,000.

Awarding OrganizationAmount
Delta Dental Community Care Foundation

San Francisco, CA

PURPOSE: ACCESS TO CARE

$120,000
The Sambol Family Foundation Inc

Juniper Inlet Colony, FL

PURPOSE: PROGRAM OR PUBLIC SUPPORT

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$279,331,275
Earnings$69,845,141
Admin Expense$1,942,402
Net Contributions$27,463,817
Other Expense$7,998,445
Ending Balance$366,699,386

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