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#Post#: 42596--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: ecasadoSBU Date: January 30, 2024, 2:45 pm
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I'm not convinced.
I think Stony Brook should strive to have full autonomy when
deciding who to admit. I'm looking at it from the perspective of
what is best for Stony Brook (as an institution)
#Post#: 42929--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: Chairman of the Board Date: February 25, 2024, 6:48 pm
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HTML https://sbstatesman.com/125187/sports/stony-brook-athletes-standing-out-away-from-home/
#Post#: 42930--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: Chairman of the Board Date: February 25, 2024, 6:57 pm
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this is from 2022 (sorry) but have a read please:
HTML https://sbstatesman.com/114204/sports/stony-brook-athletics-trying-to-boost-fanbase-with-new-app/
[quote]After a decline in attendance numbers over the last
several years, Stony Brook Athletics is determined to get back
to filling seats for the 2022-23 school year. With a student
body that may not be entirely invested in their school’s
athletic program, the department has its work cut out for them
Trying to bring fans back into the stands, Stony Brook Athletics
has developed and launched a new app to help better connect
themselves with almost 27,000 students.
A survey conducted by The Statesman during the spring 2022
semester revealed an apparent disconnect between Stony Brook
students and the athletic program. Of the 157 students who
participated, 94 of them were found not to be invested in Stony
Brook sports.
Through the week of Sep. 5, the app’s second week since launch
saw it gain 212 additional users – 633 users have now registered
for push notifications.
Including downloads from the app’s soft launch phase, the Stony
Brook Athletics app has 903 downloads.
Stony Brook hopes that the app will help increase awareness of
events amongst their target audience. Ideally, the app will
prevent students and fans from being unaware of the teams’
schedules.
During surveys conducted by The Statesman last semester, several
students cited a lack of incentive as a reason for ignoring the
sporting events. If Stony Brook Athletics and their efforts
work, perhaps the app can be the catalyst needed to spark higher
attendance numbers and incentivize more people to go.
[/quote]
#Post#: 42939--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: Chairman of the Board Date: February 26, 2024, 3:36 pm
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Panel Discussion Explores the Future of Stony Brook Southampton
HTML https://news.stonybrook.edu/university/panel-discussion-explores-the-future-of-stony-brook-southampton/
[quote]With recent support from SUNY and the State University
Construction Fund (SUCF), Stony Brook University has secured
greater access to capital funding to address critical needs. “We
are immensely grateful for the partnership and collaboration
with SUNY and SUCF as we identify new funding sources and
opportunities to invest in our Stony Brook Southampton
facilities,” said Herrmann.
Healthcare Access on the East End
Fundraising and planning is underway for a hospital on the Stony
Brook Southampton campus. The campus currently houses courses in
Occupational Therapy, Physical Therapy, Applied Health
Informatics, Physician Assistant Education, and Speech
Pathology, in addition to the Lichtenstein Center (home to
programs in creative writing and filmmaking and the FoodLab) and
School of Marine and Atmospheric Sciences programs. The new
hospital will support the training of the Health Professions
students, some of whom already live and attend classes on the
campus and receive clinical training at Stony Brook Southampton
Hospital.
“The new hospital will support our ability to continue training
the next generation of healthcare professionals. We are already
educating students on our Southampton Campus in our School of
Health Professions, particularly in Occupational Therapy,
Physical Therapy, Applied Health Informatics, Physician
Assistant Education, and Speech Pathology,” said Wertheim.
“We’ve brought a net of 22 new providers, new physicians and
nurse practitioners to the South Fork in the last two years —
almost 11,000 new patients who’ve been able to get care from the
doctors that we’ve been able to bring out to the South Fork,”
Wertheim added.
[/quote]
#Post#: 43071--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: Chairman of the Board Date: March 5, 2024, 1:00 pm
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McInnis addresses student concerns to USG Senate
HTML https://sbstatesman.com/125266/news/mcinnis-addresses-student-concerns-to-usg-senate/
[quote]
In her visit to the Undergraduate Student Government (USG)
Senate meeting on Thursday, Feb. 22, Stony Brook University
President Maurie McInnis addressed some concerns brought forth
by Senators, specifically how the $500 million donation from the
Simons Foundation will be spent.
According to McInnis, there is a lack of understanding by many
on how the University is allowed to allocate the money. She
first clarified what an endowment entails and explained that the
University is not currently in possession of money from the
Simons Foundation.
“A promise of a gift in the endowment world means that ‘I’ll
give [money] to you over time,’” McInnis said.
She emphasized that the funds would not go toward decreasing the
pricing of parking permits or toward improving buildings on
campus, as the money dedicated to these efforts are provided by
state funds and tuition fees. Instead, these funds would go
toward enhancing Stony Brook’s “excellence.”
As explained by McInnis, there can be many restrictions enforced
by the donor on what the endowment could be spent on. For
example, a donor could sponsor a scholarship with certain
requirements such as determining the majors that are eligible
and actions the institution would not be able to make if they
wanted to receive the money.
“The remarkable [aspect of the] gift from the Simons
[Foundation] is that they gave it to us without any specific
restrictions,” McInnis said. “They have directional restrictions
[of] where it’s supposed to be spent on excellence. That means,
we’re going to spend it on supporting faculty in their research
and the students, that’s it.”
The example McInnis provided was that the University could spend
a certain percentage of an initial principle of $100 million the
first year, allowing $4.5 million to be spent at that time.
According to McInnis, the University plans to spend around 4.5%
of the fund annually.
“[The investments are] really to try to make Stony Brook a
stronger and better institution so we can attract great faculty
to be in the classrooms with us and so they can have the money
to do cutting-edge research,” McInnis said.
Moreover, McInnis emphasized how Stony Brook’s current students
and administration will most likely not reap the benefits of the
Simons Foundation’s gift in the near future.
“I hate to say it, but your student generation is probably never
really going to have any money to spend from this endowment, nor
will I as president because it’s going to come in very, very
slowly,” McInnis said.
The Simons Foundation’s endowment is designed to stretch over a
seven-year term. McInnis said that the average term length of a
university president is seven years; she is currently serving
her fourth year as Stony Brook University’s president.
McInnis’ final remark regarding the Simons Foundation’s gift was
that the University’s goal is to expand the school’s endowment
from $300 million to $1 billion over the next seven years. This
goal could potentially be reached through the Simons
Foundation’s donation, the state match fund and other
philanthropic donations.
McInnis also raised concerns about academic advising. According
to her, the current state of the department relates to a lack of
funds.
“When it was at its worst, our ratio was one [advisor] to 1,200
students, so yeah, I am sure that there were enormous complaints
about advising,” McInnis said.
The current ratio of academic advisors to students is one to 350
students after Stony Brook University recently received around
$22 million from New York State to help cover expenses, such as
union workers’ salaries. The ideal ratio, according to McInnis,
is one advisor to 200 students.
Prior to receiving the funding, the University would not fill
any advising positions once they became vacant. After receiving
the money, the University hired 10 new academic advisors and is
currently recruiting five more.
[/quote]
#Post#: 43074--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: sbupatriots Date: March 5, 2024, 5:14 pm
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It hurts to hear the reality of a $500 million donation boiling
down to $4.5 million/year for research we'll more than likely
never hear of but when you think about it it makes sense.
Endowments are made to not be spent but to grow so it makes
sense that the withdrawal rate would be less than or equal to
the risk free interest rate through the bond market. The
endowment should live in perpetuity and be dipped into on an as
needed basis.
#Post#: 43075--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: Chairman of the Board Date: March 5, 2024, 7:04 pm
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yes, and the obvious is that as the endowment grows (if it's
managed properly, that is), perhaps we can use the gains (?) for
additional spending.
at the least- we finally have a competitive endowment!
#Post#: 43089--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: ecasadoSBU Date: March 7, 2024, 12:46 pm
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[quote author=sbupatriots link=topic=993.msg43074#msg43074
date=1709680484]
It hurts to hear the reality of a $500 million donation boiling
down to $4.5 million/year for research we'll more than likely
never hear of but when you think about it it makes sense.
Endowments are made to not be spent but to grow so it makes
sense that the withdrawal rate would be less than or equal to
the risk free interest rate through the bond market. The
endowment should live in perpetuity and be dipped into on an as
needed basis.
[/quote]
Exactly. Anyone with basic understanding of investments should
know that the goal is to grow those funds in perpetuity and tap
only a small portion of it that doesn't put at risk the
principal portion of the funds.
Like any other financial security - you shouldn't tap more than
4-5% a year on average.
Students will probably be pissed. But they can also see it as an
early learning lesson that they can use in their adult lives to
make sound long-term investment decisions that generate wealth
for a lifetime.
Stony Brook needs a lot more donations from heavy donors if it
someday wants to have a financial endowment that can secure the
future of the institution
#Post#: 43095--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: Chairman of the Board Date: March 7, 2024, 3:23 pm
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anyone interested in what SB costs these days? we are the
market leader here- we have to be- are peers arent even close:
HTML https://www.stonybrook.edu/bursar/tuition/
Undergrad Resident $8,358
Undergrad Non-Resident $18,253
Grad Resident $10,043
Grad Non-Resident $16,633
Online Rates:
HTML https://www.stonybrook.edu/commcms/sfs/tuition/Online%20Out%20of%20State%20Rates
#Post#: 43400--------------------------------------------------
Re: Making SB better- Idea Thread 2.0
By: Chairman of the Board Date: March 18, 2024, 12:46 pm
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Stony Brook Announces New Pre-College Summer Program
HTML https://news.stonybrook.edu/university/stony-brook-announces-new-pre-college-summer-program/
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