New Community College gets $15 million gift and new name

Thursday, May 16, 2013

For prestigious private colleges, where donations that top $100 million are increasingly common, $15 million might buy naming rights to a new building or a laboratory. But for a community college, a donation of that size is both rare and transformative, and so New York’s newest community college is getting a new name: the Stella and Charles Guttman Community College.

The Stella and Charles Guttman Foundation is giving $15 million to the school now known as New Community College, which the Council for Aid to Education, a nonprofit group based in New York, said was one of the largest donations ever for a public two-year college. The foundation is giving an additional $10 million to increase graduation rates at all seven community colleges of the City University of New York.

The foundation, which seeks the “improvement and benefit of mankind, and the alleviation of human suffering,” has supported many educational causes, but the combined $25 million gift, which was announced on Monday, is its largest, representing half of its current assets.

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