EIN 11-6077945

Stony Brook Foundation

IRS 501(c) type
501(c)(3)
Num. employees
13
Year formed
1965
Most recent tax filings
2020-06-01
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
$62,393,551
2020
Total expenses
$50,718,272
2020
Total assets
$590,641,440
2020
Num. employees
13
2020

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), PARKINSON DISEASE RESEARCH (THE THOMAS HARTMAN CENTER FOR PARKINSON'S RESEARCH), ENVIRONMENTAL AND SUSTAINABILITY RESEARCH (SHINNECOCK BAY RESTORATION PROGRAM), CHEMICAL BIOLOGY RESEARCH, MERCURY EXPOSURE THROUGH THE CONSUMPTION OF MARINE FISH, RESEARCH IN NEW CONJUGATED MATERIALS 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.
Scholarships & fellowships
Public serv., admin. Supp. & student support

Grants made by Stony Brook Foundation

GranteeGrant descriptionAmount
Research Foundation for the State University of New York (RFSUNY)Research Awards$1,352,799
Neurology Associates of Stony Brook University Faculty Practice CorporationEducational Support$325,000
Faculty Student Association of the State University of NY at Stony BrookEducational Support$37,170
...and 2 more grants made

Who funds Stony Brook Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Suny Impact FoundationSuny Together Student Emergency; Sbu Innovations Fund; Simons Center for Geometry & Physics; Sbu Hospital; Music & Math Programs$13,781,442
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,940,327
MJS FoundationGeneral Operating Support$1,500,000
...and 63 more grants received totalling $23,044,353

Personnel at Stony Brook Foundation

NameTitleCompensation
Stuart B. CherneyChairman and CEO, Topspin Partners
Jason HsuehChief Financial Officer and Chief Operating Officer$271,070
David MarcusChief Information Officer$384,370
Deborah Lowen-KleinInterim Vice President , Advancement$288,615
Dexter A BaileyExecutive Director$50,323
...and 16 more key personnel

Financials for Stony Brook Foundation

RevenuesFYE 06/2020
Total grants, contributions, etc.$54,558,793
Program services$1,410,038
Investment income and dividends$1,335,337
Tax-exempt bond proceeds$0
Royalty revenue$120,908
Net rental income$293,605
Net gain from sale of non-inventory assets$3,657,463
Net income from fundraising events$-148,837
Net income from gaming activities$28,116
Net income from sales of inventory$5,489
Miscellaneous revenues$1,132,639
Total revenues$62,393,551

Form 990s for Stony Brook Foundation

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-25990View PDF
2019-062020-10-15990View PDF
2018-062019-08-17990View PDF
2017-062018-11-15990View PDF
2016-062017-10-02990View PDF
...and 9 more Form 990s
Data update history
August 3, 2022
Received grants
Identified 11 new grant, including a grant for $13,781,442 from Suny Impact Foundation
May 26, 2022
Posted financials
Added Form 990 for fiscal year 2020
May 26, 2022
Used new vendors
Identified 3 new vendors, including , , and
October 1, 2021
Received grants
Identified 29 new grant, including a grant for $1,500,000 from MJS Foundation
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsDisease research fundraisersResearch centersCharities
Issues
Science and technologyEducation
Characteristics
Funds one specific organizationPolitical advocacyProvides grantsConducts researchLobbyingFundraising 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
U11: Science and Technology Single Organization Support
NAICS code, primary
813212: Health and Disease Research Fundraising Organizations
Parent/child status
Independent
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