EIN 11-6077945

Stony Brook Foundation

IRS 501(c) type
501(c)(3)
Num. employees
9
Year formed
1965
Most recent tax filings
2022-06-01
Description
Established in 1965, the Stony Brook Foundation is a private organization. It exists to advance the goals and strategic plan of Stony Brook University by raising and managing private funds on the University’s behalf.
Total revenues
$150,444,669
2022
Total expenses
$63,743,349
2022
Total assets
$805,257,176
2022
Num. employees
9
2022

Program areas at Stony Brook Foundation

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 support to suny Stony Brook in its efforts to maintain their reputation as a public research university that thrives on the forefront of discovery. As such, Stony Brook Foundation provides funding to support various areas of research including: cancer research (Stony Brook cancer center), environmental and sustainability research (shinnecock bay restoration program), chemical biology research, communication science research, tick borne disease research within the laboratory for comparative medicine, and many other various research efforts.
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 medical and research translation (mart) 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.
Stony Brook Foundation also aids in suny Stony Brook's firm commitment to providing a dedicated educational and social support system that enables all their students to thrive, by providing funding to improve student, administrative and public services across suny Stony Brook.

Grants made by Stony Brook Foundation

GranteeGrant descriptionAmount
Research Foundation for the State University of New York (RFSUNY)Research Awards & Educational Support$4,471,450
Faculty Student Association of the State University of NY at Stony BrookEducational Support$15,500

Who funds Stony Brook Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustEducation$3,474,463
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$3,235,384
The Valerie Fund (TVF)Support of Children's Center$2,808,205
...and 83 more grants received totalling $27,700,474

Personnel at Stony Brook Foundation

NameTitleCompensation
Carol GomesChief Executive Officer , Chief Operating Officer of Sbuh$348,640
Stuart B. CherneyChairman and CEO, Topspin Partners
Kacy BullardChief Financial Officer and Chief Operating Officer$53,126
David MarcusChief Information Officer$439,569
Justin FincherExecutive Director$195,593
...and 15 more key personnel

Financials for Stony Brook Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$116,237,582
Program services$1,726,607
Investment income and dividends$663,495
Tax-exempt bond proceeds$0
Royalty revenue$133,127
Net rental income$90,688
Net gain from sale of non-inventory assets$30,616,405
Net income from fundraising events$-232,802
Net income from gaming activities$20,250
Net income from sales of inventory$4,827
Miscellaneous revenues$1,184,490
Total revenues$150,444,669

Form 990s for Stony Brook Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2021-062022-05-11990View PDF
2020-062021-05-25990View PDF
2019-062020-10-15990View PDF
2018-062019-08-17990View PDF
...and 11 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 36 new grant, including a grant for $2,808,205 from The Valerie Fund (TVF)
October 26, 2023
Received grants
Identified 15 new grant, including a grant for $240,251 from The Chicago Community Trust
August 19, 2023
Received grants
Identified 49 new grant, including a grant for $12,500,000 from Simons Foundation
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsOperates internationallyState / local levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
230 Administration
Stony Brook, NY 11794
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Suffolk County, NY
Website URL
stonybrook.edu/foundation/ 
Phone
(631) 632-6536
Facebook page
stonybrooku 
IRS details
EIN
11-6077945
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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