Daily Word: Stony Brook Receives $150M Donation - AmericaEast.com

Daily Word: Stony Brook Receives $150M Donation - AmericaEast.com

New for the 2011-2012 seasons, the America East Daily Word, a collaboration between AmericaEast.com and AExtra, will recap the previous day's games and on goings on our nine campuses and provide links to previews, recaps, features and exclusive coverage.

It’s an exciting time to be at Stony Brook University.

Athletic facilities are receiving major facelifts, new buildings are being constructed and now, the university is the recipient of a $150 million gift from one of its former math professors.

The New York Times ran a story yesterday detailing a very generous gift from hedge fund billionaire and philanthropist, James H. Simons. This is by far the largest gift in the State University of New York system and the sixth largest donation, according to the article, ever made to an American public university.

“Most of the money will go to research in medical sciences, including the construction of a life sciences building and the creation of a neurosciences institute and a center for biological imaging, as well as to the study of cancer and infectious diseases,” the article says.

Simons left teaching in 1978 for the financial sector and founded Renaissance Technologies. Since then, he has become the 30th wealthiest person in the country with Forbes estimating his total worth at an astounding $10.6 billion.

Stony Brook’s president, Dr. Samuel L. Stanley, referred to the moment as the university’s “rebirth day.” The official announcement will be made today.

For more of the Daily Word, head over the AExtra Blog.