We've only just begun.
binghamton university foundation 2013 - 2014
TOGETHER, WE ARE BETTER
One of the many reasons the Binghamton University Foundation exists is to accept gifts in support of and on behalf of Binghamton University, since as a state agency, the University is not able to accept gifts directly. Thank you to everyone who made a gift last year — every gift matters!
Your generosity helped the Foundation reach a significant milestone on July 1, 2014: $103.7 million in assets under management in our endowment. In addition, in August, after our fiscal year ended, we added approximately $12.3 million more to the endowment from the sale of the University Plaza Apartments in Vestal, bringing our endowment total north of $110 million. Crucial to providing a level of sustainability for creating an even better Binghamton, this endowment means more support for students, faculty and programs to sustain all that is great about the University. The gifts that support the endowment have a lasting impact — they truly are gifts that last a lifetime. Private support received through the Foundation is growing, and we continue to need your support!
We are proud of our growing alumni base of more than 117,000 individuals who are making meaningful contributions to society — and we thank the nearly 8,000 of them who show their pride in Binghamton by giving back and providing important charitable support to ensure the University’s continued success.
￼￼In addition to growing the endowment, your participation matters because participation levels are considered in the research grants we are awarded and in the rankings we earn. And it matters because our rising reputation goes hand in hand with your willingness to invest in Binghamton.
Our goal of becoming the premier public university is ambitious, but we are quickly moving in that direction by enhancing our strengths and building on our successes. We are providing access to more high-quality students every day; we are hiring outstanding faculty in key areas of research and scholarship; and we are enhancing campus life in a multitude of ways.
Philanthropic giving of all sizes separates great institutions from good ones. It creates the margin of excellence for the very best universities. Binghamton thrives because generous and involved donors propel us forward.
￼￼￼You are our partner on the road to premier. We are calling on you to step up and join us. Make your first gift, your next gift or your annual gift today. Increased support from alumni and friends of the University is crucial to attaining our goal!
Together, we can make a huge difference.
Paul R. Turovsky ’73, LHD ’12
Chair, Binghamton University Foundation Board of Directors
Harvey G. Stenger
President, Binghamton University
students with excellence,
access and value.
Anonymous gift supports faculty in Transdisciplinary Areas of Excellence
A significant gift from an anonymous donor is supporting roughly 150 tenure- track faculty members who will join the campus by 2017. The gift provides project awards for new and current faculty working in five transdisciplinary areas of research, scholarship and creative activity in which the University has significant strength and can achieve international prominence. The five areas of excellence are: citizenship, rights and cultural belonging; health sciences; material and visual worlds; smart energy; and sustainable communities.
Pay it forward.”
George Sackman and his wife, Nancy Davis Sackman, MA ’92, establish our first charitable gift annuity in California.
in millions of ways
Charles M. Kim ’98 and his wife, Jean Su Maeng-Kim, pledge $1.6 million to further support the Jean Su and Charles M. Kim ’98 Scholarship. That’s in addition to their previous $1 million cash gift to support scholarships, curriculum advancement and faculty development.