Stony Brook University to receive $500 Million, an uncommonly large gift

Stony Brook University, a public school on Long Island, received a donation of $500 million on Thursday from a foundation formed by an alumnus and a former faculty member, making it the recipient of one of the largest gifts to a university in American history.

The donation, which will go toward the school’s endowment, will also trigger another $200 million injection of public funds under a donation matching program passed as part of the New York State budget in April.

Read more from The New York Times.


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