EIN 11-6077945

Stony Brook Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1965
Most recent tax filings
2023-06-01
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
$79,474,546
2023
Total expenses
$64,477,606
2023
Total assets
$862,643,765
2023
Num. employees
7
2023

Program areas at Stony Brook Foundation

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 indoor training center for athletics 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 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 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 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 a remarkably affordable price and to keep recruiting the best young minds and future leaders from across the socioeconomic spectrum. Enhanced support for faculty and increased engagement.
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$796,874
Jones High School FoundationEducational Support$10,000
Faculty Student Association of the State University of NY at Stony BrookEducational Support$7,200

Who funds Stony Brook Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustEducation$6,847,055
The Valerie Fund (TVF)Support of Children's Center$2,808,205
Simons FoundationSimons Math/physics Operating Fund$2,638,307
...and 81 more grants received totalling $28,211,390

Personnel at Stony Brook Foundation

NameTitleCompensation
Carol GomesChief Executive Officer , Chief Operating Officer of Sbuh$327,649
Kacy BullardChief Financial Officer and Chief Operating Officer$219,325
David MarcusChief Information Officer / Chief Investment Officer$434,155
Justin FincherExecutive Director$47,500
Jo-Ann DanielsDirector , Finance and Oper.$235,747
...and 12 more key personnel

Financials for Stony Brook Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$61,195,354
Program services$1,897,113
Investment income and dividends$5,276,097
Tax-exempt bond proceeds$0
Royalty revenue$7,888
Net rental income$58,256
Net gain from sale of non-inventory assets$10,669,890
Net income from fundraising events$-965,047
Net income from gaming activities$20,250
Net income from sales of inventory$7,513
Miscellaneous revenues$1,307,232
Total revenues$79,474,546

Form 990s for Stony Brook Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-08990View PDF
2022-062023-05-12990View PDF
2021-062022-05-11990View PDF
2020-062021-05-25990View PDF
2019-062020-10-15990View PDF
...and 12 more Form 990s
Data update history
August 26, 2024
Received grants
Identified 12 new grant, including a grant for $549,060 from Johns Hopkins University (JHU)
August 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 24, 2024
Updated personnel
Identified 4 new personnel
May 19, 2024
Received grants
Identified 4 new grant, including a grant for $78,702 from American Online Giving Foundation
February 4, 2024
Received grants
Identified 36 new grant, including a grant for $2,808,205 from The Valerie Fund (TVF)
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsOperates internationallyState / local levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
270 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
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0166918
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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