Stony Brook University, a part of the public State University of New York system, will receive $500 million from a philanthropic foundation started by a hedge fund billionaire who once taught math there, the foundation announced
Simons, who joined Stony Brook as chair of the math department in 1968, said the Long Island-based university"gave me a chance to lead, and so it has been deeply rewarding to watch the university grow and flourish even more."
Simons and his wife, Marilyn, started the Simons Foundation in 1994 to support research in mathematics and the basic sciences. “Jim and I want to ensure that Stony Brook continues to serve its students with the highest level of educational excellence and with world-class resources,” Marilyn Simons said. “The foundation’s gift will also help give those from underserved communities the opportunity to reach their full potential.”
Former Microsoft CEO Steve Ballmer and his wife, Connie, gave $425 million to the University of Oregon in 2022 for a new institute on children’s behavioral health. Hedge fund founder Kenneth Griffin gave Harvard University $300 million earlier this year.
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