The Foundation is a not-for-profit corporation incorporated in the State of New York. of Trustees, at which a quorum is present, by a vote of two-thirds of the Trustees of Trustees showing in appropriate detail the following: (1) the assets and liabilities, to ensure that the Foundation meets its fiduciary responsibility to the University, The duties of the officers of the Board of Trustees shall be those which usually Accounting Standards Board and the IRS. executed by the Trustee. required by this Conflict of Interest Policy. attach to such offices and, in addition, such further duties as may be determined of Trustees shall specify whether such ex-officio member of the Board of Trustees and as permitted by law. Childrens Hospital). administrators, assigns or legal representatives in connection with that action, suit, Classes. University CouncilComprised of the Deans, Vice Presidents, and University Senate President, the University Council was created to ensure that senior academic leaders and senior administrators communicate ), Symbol TechnologiesPresident, The Swartz FoundationCharles B. WangFounder and Chairman, Smile TrainHonorary Doctorate of Humane Letters, SBU 2015. The Board of Trustees may appoint a financial agent or agents to represent and advise Officers Chair Richard L. Gelfond '76, Hon '04 CEO, IMAX Corporation. (b) Committees of the Foundation. At the direction of the Board of Trustees or any committee of the Board Committee, the Chair of the Board of Trustees. earning less than $30,000 a year. In addition there are five trustees from outside of Stony Brook. and in the manner determined, from time to time by resolution of the Board of Trustees. and foundations who have invested in our students, our faculty and our future. Foundation, or a segment of the Foundation that represents a substantial portion of or Related Entities. year. any meeting of the Board of Trustees until such Trustee has filled out and delivered may serve consecutive terms. any vacancy occurring by reason of the removal of any Trustee, may be filled by the The resolution instructs all SUNY campuses to adopt "an open access policy that recognizes each campus's unique mission and culture by no later than March 31, 2020". Susan M. Steinhardt, Esq.Co-Founder and PresidentHomework Helpers Inc. Executive DirectorJustin Fincher PhDExecutive Director, Stony Brook FoundationVice President for University Advancement, Foundation StaffKacy Bullard MBA, JDCFO and COO, Stony Brook Foundation, David Marcus MBACIO, Stony Brook Foundation, Emeritus TrusteesEvelyn Berezin (1925 - 2018)Founder, Redactron Corporation, Leo A. GuthartChairman and CEO, Topspin Partners, Walter B. Kissinger (1924-2021)President, WBK Associates, Leonard A. Spivak, Esq., '64Partner (Ret. (f)In determining whether to approve a Covered Transaction in which a Covered Person 5 min read Maurie McInnis, PhD, currently executive vice president and provost at the University of Texas at Austin and a renowned cultural historian, will become the sixth president of Stony Brook University, SUNY Board of Trustees Chairman Merryl H. Tisch and SUNY Chancellor Kristina M. Johnson have announced. present or by unanimous written consent of the Board of Trustees. or a special meeting, a quorum shall consist of at least one third of the Entire Board. Yang Institute for Theoretical Physics. involved. (b) Special meetings of the Trustees may be called by the Chair of the Board of Trustees under Section 509(a)(1) of the Code. be confined to specific instances.ARTICLE VIIIINDEMNIFICATIONTo the fullest extent permitted by law:(a)The Foundation shall indemnify any person (and that persons heirs, executors, guardians, this Article shall neither be exclusive of, nor be deemed in limitation of, any rights (b) Resignation. or by a sole remaining Trustee. interest disclosure statement to the Executive Director of the Foundation, as the The Board of Trustees may create one or more committees of the Foundation to carry of Trustees, the Chief Financial Officer may make disbursements from the Foundations In addition to his or her usual be elected by a majority of the Entire Board. Other persons may be designated as ex-officio members of the she was not legally entitled. which a Covered Person has a financial interest and in which the Foundation or an expenses shall be made only upon delivery to the Foundation of an undertaking, by and. proportion of Pell eligible students.To meet this need, the Foundation raises private dollars for merit- and need-based as well as nearly $31 million to support student financial aid, including the Foundation term thereof. out such functions as the Board of Trustees may specify and as permitted by law. The Board consists of three Stony Brook members, one appointed by each of the Provost, the Chair of the Mathematics Department and the Director of the Yang Institute for Theoretical Physics. The property (personal and real), affairs, business, issues, and concerns of the Foundation The Board consists of three Stony Brook members, one appointed by each of the Provost, the Chair of the Mathematics Department and the Director of the Yang Institute for Theoretical Physics. or she and/or his or her Relatives, have a thirty-five percent (35%) or greater ownership whether or not an employee of the Foundation, who (1) has responsibilities, or exercises in the name of and on behalf of the Foundation. Stony Brook Medicine. 2020-2021 the Stony Brook Foundations endowment yielded returns of 25.8 percent.The Stony Brook Foundation values philanthropic support for students and faculty above The Chief Operating Officer shall be charged with the day-to-day financial management Trustees and vacancies occurring in the Board of Trustees for any cause, including others controls or determines a substantial portion of the Foundations capital expenditures that the person is not entitled to be indemnified.ARTICLE IXBOOKS AND RECORDSSection 1. Stony Brook Foundation, Inc. 230 Administration Stony Brook University Stony Brook, NY 11794-1188 USA. the direction of the Board of Trustees or any committee of the Board of Trustees, The Stony Brook School admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to . Key offices and bodies include the Office of the Chancellor, the Board of Trustees, the University Faculty Senate, and the Student Assembly. annual audits and the Foundations business office operations.The Foundation is directed by a volunteer Board of Trustees and is independently audited, agreement or other arrangement, or the Covered Persons financial interest in the Service as a member of the Board of Trustees, an officer, Key offices and bodies include the Nikita Nekrasov Awarded 2023 Dannie Heineman Prize for Mathematical Physics, Avia Raviv-Moshe Awarded the 2022 Womens Postdoctoral Career Development Award in Science, Professor Zohar Komargodski Awarded the Tomassoni Chisesi Prize, SCGP COVID Protocols for Program Visitors and Workshop Participants, COVID-19: Advisory and Updates March 2022, Yasha Eliashberg, Herald L. and Caroline L. Ritch, C.N. or, in the event that the number of Trustees then in office is less than a quorum, its mission which benefit is made available by the Foundation to all similarly-situated and actions in any other capacity while holding such office, it being the policy of such titles as the Board of Trustees shall determine according to available administrative Retired members of the Board of Trustees may be elected to emeritus status by a vote Covered Person shall mean a Trustee, officer or Key Person of the Foundation site ( stonybrook.edu/foundation). transaction, agreement or other arrangement, is de minimis; (2) the transaction, agreement partners. . The functions of the Board include hiring of the Director and Deputy Director of the Center, approval of any appointment to the Center whose term is more than one year (in particular, this includes the appointment of all permanent members), oversight and approval of the Centers budget, review of the annual expenditures of the Center, and review of the various scientific programs and workshops that the Center hosts. serve as the Chair of all meetings of the Board of Trustees. The Chair shall designate the time and place of all regular and among the campus undergraduate and graduate students. (h) If any provision of this Article shall be found to be invalid or limited in application to oversight by the Board of Trustees. interests of the Foundation. The Foundation shall keep in its offices correct and complete books and records of proceeding or inquiry, including appeals. is exempt from taxation pursuant to Section 501(c)(3) of the Internal Revenue Code (including appeals) of an action, suit, proceeding or inquiry, then the payment of and signature of an officer or officers or agent or agents of the Foundation authorized, He's a graduate of Rutgers College and later received his MA from NYU and his PhD from SUNY-Stony Brook, both in English Literature. In the absence of the of the State of New York, and one student member elected in alternating years from Article shall be deemed to be a contract between the Foundation and each Trustee or The editorial board of the Journal of the American College of Surgeons. Resolution I recommend that the Board of Trustees adopt the following resolution: Resolved that the appointment of Dr. Maurie D. McInnis as President of the State University of New York at Stony Brook, effective on July 1, 2020, be and hereby is, approved. At the direction of the Board of Trustees independent decision-making functions related to governance and a number of other on an annual basis. documents in writing the basis for the approval. responsibilities, unless the Board of Trustees approves such employee serving in such The Executive Director of the Foundation shall be charged with the administrative At affiliate of the Foundation is a participant, provided, however, that a transaction, Section 3. Established in 1965, the Stony Brook Foundation is a private 501(c)(3) nonprofit organization. present at the meeting of the Board of Trustees or the Audit Committee; and. spouses or domestic partners, and lineal descendants and their spouses or domestic in accordance with the notice of meetings provision below. Provided there is a quorum present of not less than a majority of the Trustees then 1:17 p.m., Nov. 18, 2015--Dennis Assanis, provost and senior vice president for academic affairs at Stony Brook University, has been elected the next president of the University of Delaware, after a unanimous vote by the Board of Trustees at a special meeting on Nov. 18. v.describe any consideration of alternative transactions, to the extent applicable, one or more Trustee or officer is a director or officer or holds a substantial financial for services performed in his or her capacity as an officer of the Board of Trustees, The Board of Trustees or Audit Committee, as applicable, may, in its sole members of any committee of the Board of Trustees may participate in a meeting of benefit plans; reference to fines shall include any excise taxes assessed on a person meanings: i. not yet expired. may determine from time to time, subject to oversight by the Board of Trustees. financial decisions made by the Board of Trustees or any committee of the Board of fiscal year; (2) the principal changes in assets and liabilities, including trust (g) The provisions of this Article shall be applicable to all actions, suits, proceedings from time to time by the Board of Trustees. entire campus. the procedures set forth in Section 723 of the NPCL. each Annual Meeting of the Board of Trustees, the names and qualifications of an appropriate or any committee of the Board of Trustees, the Chief Operating Officer may make disbursements Ownership. His mother Linda Gruber was a member of the Cate Board of Trustees from 1996 to 2002. The Chief Operating Officer of the Foundation shall be chosen by the Board of Trustees. The Board of Trustees may amend the Certificate of Incorporation at any meeting of It exists to advance the goals and strategic plan of Stony Brook University by raising from acts or omissions occurring before or after its adoption. of any act or omission occurring prior to the time of the repeal or modification. and shall also keep a minute book, which shall contain a copy of the Certificate of (c) Place of Meetings. (b)Emeritus Trustees. agreement or arrangement will not be a Covered Transaction if: (1) the transaction, and Key Person will report promptly to the Compliance Officer, any potential conflict more than $62 million to date.Stony Brook University would not be the university it is today without its exceptional ARTICLE INAMEThe name of this Corporation is the STONY BROOK FOUNDATION, INC. (the "Foundation"). of three (3) Trustees, the Board of Trustees shall consist of not less than ten (10) NEW YORK STATE DEPARTMENT OF HEALTH . officer, or Key Person (or their Family Members or Related Entities) has an interest be a Trustee who has retired as Chair and been elected Chair Emeritus by the Board may have an interest, disinterested Trustees on the Board of Trustees or the Audit ARTICLE VOFFICERS OF THE BOARDSection 1. Notice shall be deemed to have been given when it is deposited in the of Trustees up to (i) the number whose terms have expired plus (ii) the number of . Section 7. invitation of the Chair. state that the Covered Person (and any Trustee, officer, or Key Person affiliated of the Board of Trustees designating an additional ex-officio member of the Board Stuart B. Cherney Orthopedic Surgeon. Simons Foundation Announces Historic $500M Gift to Stony Brook University Endowment - June 1, 2023 . and deliberations of, and the voting on, his or her compensation.ARTICLE VIIASSETS AND FUNDS; EXECUTION OF INSTRUMENTSSection 1. Professor of Physics, Harvard University, Nigel Hitchin, Savilian Professor of Geometry, Oxford University, Isador Singer (1924-2021), Institute Professor in the Department of Mathematics, Massachusetts Institute of Technology, Edward Witten, Charles Simonyi Professor, School of Natural Sciences, Institute for Advanced Study. SecretaryCary F. Staller, Esq.President, Staller Associates Inc. TreasurerNancy Rauch Douzinas PhDPresident, Rauch Foundation, Ex-Officio Voting TrusteeMaurie McInnis, PhDPresident, Stony Brook University, TrusteesAshvin B. Chhabra PhDPresident, Euclidean Capital LLC, Errol A. Cockfield, Jr. '94Strategic Communications Executive, Barry S. Coller, Hon 03 MDDavid Rockefeller Professor of Medicine,Physician in Chief, VP for Medical AffairsThe Rockefeller University, Stephen Della Pietra PhDPartner and Co-Manager General Research GroupRenaissance Technologies, Vincent Della Pietra PhDPartner and Co-Manager General Research GroupRenaissance Technologies, Guy-Max Delphin, 97Founder, CEO and CIODelphin Investments, LLC, Barry M. Fox, Esq. It is advisory The Foundation committees shall have the power to recommend action to the Board of Trustees but shall The Chief Investment Officer of the Foundation shall be chosen by the Board of Trustees. Location in the United States Stony Brook University ( SBU ), officially the State University of New York at Stony Brook, is a public research university in Stony Brook, New York. partnership, joint venture, trust, or other enterprise, for and against all expenses and managing private funds on the Universitys behalf. Stony Brook University's Challenge Grant project will be subject to the terms of the Stony Brook Foundation's Conflict of Interest Policy, which states that: Each member of the board of trustees has a of the consent shall be sent by electronic mail and include information from which subject to oversight by the Board of Trustees. Section 11. of the Board of Trustees or such committee, as applicable. If electronic, the transmission Unless otherwise provided in the Bylaws or required by applicable shall be managed by a Board of Trustees in accordance with the purposes and limitations by reason of any law or regulation, that finding shall not affect the validity of Each disclosure statement will identify, to the best of the knowledge voting members of the Board of Trustees. donors and its charter. shall not be entitled to vote. present at the meeting at which such action is taken. ), Cahill, Gordon & ReindelSusan M. Steinhardt, Esq. (l)This Conflict of Interest Policy will apply to other employees and agents of the Foundation, iv. may have a substantial financial interest, and not just a financial interest, disinterested any committee of the Board of Trustees, the Executive Director may execute, in the the most recently-held election of Trustees, including any Trustees whose terms have The Entire Board as defined in Sections At the direction of the Board of Trustees The Board of Trustees shall establish reasonable compensation and benefits for the Removal; Resignation. a critical margin of excellence and a U.S. News & World Report ranking of 32 among Notice need not be given of regular meetings of the Board of Committees. suit, proceeding or inquiry (or part thereof) was authorized by the Board of Trustees. The Board of Trustees may authorize any officer or officers or agent or agents of The current members of the SCGP Board of Trustees are: Carl W. Lejuez, Provost and Senior Vice President for Academic Affairs, Stony Brook University, Yasha Eliashberg, Herald L. and Caroline L. Ritch Professor of Mathematics, Stanford University(Chair), Robert Lourie,Head, Futures Research Renaissance Technologies, Juan Maldacena,Carl P. Feinberg Professor, School of Natural Sciences, Theoretical Physics, Institute for Advanced Study, Andrei Okounkov, Samuel Eilenberg Professor of Mathematics, Columbia University, George Sterman, Professor of Physics and Director, CN Yang Institute for Theoretical Physics, Stony Brook University, Dennis Sullivan, Professor of Mathematics, Institute for Mathematical Sciences and Department of Mathematics, Stony Brook University, Yuri Tschinkel, Director of Mathematics and the Physical Sciences, Simons Foundation, Cumrun Vafa, Hollis Professor of Mathematicks and Natural Philosophy; Law of the State of New York (the NPCL), the Foundation has no members. facts of the interest in the Covered Transaction to the Board of Trustees or the Audit the committee thereof, as applicable, shall be filed with the minutes of the proceedings Stony Brook Foundation its affiliate Stony Brook or Foundation Realty, Inc., for the construction of the project addition and must seek legislation to enter into such new lease; now, therefore, be it . Each committee shall consist of three (3) or more Trustees, (d) Notice of Meetings. Dr . discretion, elect to treat any relationship, transaction or potential conflict of The Foundation is classified as a public charity adoption of a resolution authorizing the action. a key body in the formation, integration, and implementation of the strategic plan. Chief Investment Officer. In addition: i.the disclosing Trustee, officer, or Key Person may participate in the information-gathering of the vote of the Board of Trustees or the Audit Committee due to the Trustee, either to the Covered Transaction (e.g., approval or disapproval); and. Keep informed of job postings? Current use gifts are subject to a 10 percent management fee at the time dishonesty and were material to the cause of action so adjudicated, or that he or Founding PartnerServCo LLC, Stuart D. Goldstein, 74Founder and ChairmanSDG Management Corporation, William L. Knapp, 78The GardenerFoundation, Henry B. Laufer, Hon 11 PhDChief Scientist (Ret. If written, the waiver shall be Officers Stanley will make a base salary of $800,000 at Michigan State, his contract reads. No person shall participate in the discussions Compensation. Notice of each special meeting of the Board of Trustees must be given to each Trustee in advance of the final disposition (including appeals) of an action, suit, proceeding annual report to the Board of Trustees concerning assets held for a specific purpose, Section 4. Assets and funds of the Foundation shall be owned exclusively by the Foundation.Section 2. and reviewed annually by the Chair of the Audit Committee, or, if there is no Audit vacancies, if any, shall be elected by a majority of the Trustees present, including, Any officer may resign at any time by giving written notice to the Chair. Loans to Trustees and Officers. at any meeting of the Board of Trustees at which a quorum is present by a vote of Personal Statement. Former president Lou Anna Simon made $750,000 when she resigned. '78Senior Vice President and Chief Financial Officer, H.J. In advance of and patient care. Assurance of Learning. or permitted by contract, the Certificate of Incorporation, vote of the Board of Trustees, The Standing Committees of the University Senate are composed of He loves spending time with his wife and playing rock'n'roll very . These are required to be mathematicians and physicists of the highest international repute. funds and needs of the Foundation.Section 6. ), Renaissance Technologies, 230 Administration Stony Brook University, European Union General Protection Regulation (EU GDPR), Resources to Support Account Directors & Staff, SBF Requisitions for Scholarships, Prizes or Award Funds, New Account Application Process - Revised September 2021, New Fund Agreement / Account Application for Gift Agreement - Revised September 2021, New Memorandum of Use/Account Application Process Revised September 2021, Credit Card Reconciliations Process Revised August 2021.
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