Stony Brook Foundation Inc
68% goes to programs $2 to raise $100 Strong reserves Growing revenue
Stony Brook Foundation Inc is a 501(c)(3) organization based in Stony Brook, New York, registered in 1967, with $421,041,466 in FY2023 revenue. CharityIndex grades it B+, and it directs about 68% of spending to programs.
Stony Brook Foundation, Stony Brook, NY, 11794 EIN 11-6077945 Since 1967
Revenue (FY2023)
$421.0M
▲ 429.8% vs prior year
Education median: $200K
Expenses (FY2023)
$76.8M
Net assets
$1.1B
Employees
9
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating68% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Stony Brook Foundation Inc: 68% to programs · $2 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating179 mo reserves · +82% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Stony Brook Foundation Inc: 179 mo reserves · +82% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Stony Brook Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Stony Brook Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To advance the tax-exempt mission of suny stony brook through fundraising efforts.
What they do
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 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 prices 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.
Contact & location
- Address
- Stony Brook Foundation, Stony Brook, NY, 11794
- City
- Stony Brook
- State
- New York
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $65.9M (FY2013) to $421.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $118.4MNet assets $1.1B
Operating margin
81.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$118.4M
Net assets
$1.1B
Salaries & benefits
$16.0M
21% of expenses
Board members
23
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $421,041,466▲430% | $76,814,733▲19.1% | $1,143,032,746▲50.5% | $1,261,474,422▲46.2% | 990 |
| 2022 | $79,474,546▼47.2% | $64,477,606▲1.2% | $759,510,361▲4.4% | $862,643,765▲7.1% | 990 |
| 2021 | $150,444,669▲16.4% | $63,743,349▼12.0% | $727,207,149▲8.1% | $805,257,176▲9.9% | 990 |
| 2020 | $129,247,386▲107% | $72,463,188▲42.9% | $672,697,611▲25.9% | $732,698,663▲24.1% | 990 |
| 2019 | $62,393,551▼17.9% | $50,718,272▼13.8% | $534,398,545▲4.4% | $590,641,440▲5.7% | 990 |
| 2018 | $75,975,483▲2.5% | $58,814,651▲7.1% | $512,082,738▲9.0% | $558,788,144▲9.7% | 990 |
| 2017 | $74,110,802▲3.4% | $54,939,850▼13.6% | $469,912,179▲8.7% | $509,428,296▲6.9% | 990 |
| 2016 | $71,701,988▲6.6% | $63,577,577▲24.4% | $432,223,519▲7.9% | $476,542,033▲8.2% | 990 |
| 2015 | $67,273,982▲34.6% | $51,123,070▼16.4% | $400,572,197▲4.5% | $440,523,703▲1.8% | 990 |
| 2014 | $49,975,784▼24.1% | $61,134,476▼28.8% | $383,268,718▲1.5% | $432,581,906▲1.7% | 990 |
| 2013 | $65,867,417 | $85,865,944▲74.6% | $377,611,377▼1.6% | $425,456,387▼1.6% | 990 |
| 2012 | — | $49,171,606▲15.3% | $383,860,766▲15.2% | $432,359,367▲15.5% | 990 |
| 2011 | — | $42,640,820▲1.5% | $333,157,641▲74.7% | $374,187,045▲64.4% | 990 |
| 2010 | — | $42,004,984▼8.2% | $190,755,670▲0.1% | $227,608,002▼1.2% | 990 |
| 2009 | — | $45,738,406 | $190,607,690 | $230,299,401 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mr David Marcus — $548,352 (0.71% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr David Marcus | Cio | 37.5 | $548,352 |
| Carol Gomes | Ceo, Coo of Sbuh | 1 | $333,752 |
| Daniellle Holton | Avp, Sbch | 37.5 | $286,959 |
| Deborah Lowen-klein | Senior Associate Vp, Advancement | 37.5 | $259,677 |
| Kacy Bullard | Cfo & Coo | 37.5 | $241,003 |
| Tara Stenzel-fleming | Avp, Principal Gifts & Sfi | 37.5 | $217,143 |
| Kathleen Le Viness | Director of Data Services | 37.5 | $168,706 |
| Dr Maurie Mcinnis - Sbu Pres | Ex-officio Trustee (voting) | 3 | $137,349 |
| Justin Fincher | Executive Director | 37.5 | $48,925 |
| Dr Ashvin B Chhabra | Trustee | 0.5 | — |
| Dr Barry S Coller | Trustee | 0.5 | — |
| Dr Henry B Laufer | Trustee | 0.5 | — |
| Dr James H Simons | Trustee, Chair Emeritus (thru 05/24) | 1 | — |
| Dr Laurie Landeau | Trustee, Vice Chair | 1 | — |
| Dr Nancy Rauch Douzinas | Trustee, Treasurer | 1 | — |
| Dr Nirmal Mattoo | Trustee | 0.5 | — |
| Dr Stephen Della Pietra | Trustee | 0.5 | — |
| Dr Vincent Della Pietra | Trustee | 0.5 | — |
| Mr Barry M Fox Esq | Trustee | 0.5 | — |
| Mr Bernardo Piqet | Trustee | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Investment Manager Co Sbf | Investment Mgmt | $769,572 |
| Investment Manager Co Sbf | Investment Mgmt | $591,952 |
| Investment Manager Co Sbf | Investment Mgmt | $566,668 |
| Investment Manager Co Sbf | Investment Mgmt | $451,701 |
| Investment Manager Co Sbf | Investment Mgmt | $410,370 |
Grants received · $52.6M total
160 grants to Stony Brook Foundation Inc totaling $52.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Aspen Institute Inc | College excellence program | 2024 | $300,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $140,000 |
| Silicon Valley Community Foundation | Education | 2024 | $100,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $100,000 |
| American Online Giving Foundation Inc | General support | 2024 | $99,891 |
| The New York Community Trust | For a scholarship award. | 2024 | $58,000 |
| Ayco Charitable Foundation | Education | 2024 | $52,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $52,462 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $50,000 |
| American Cancer Society Inc | Patient support | 2024 | $35,000 |
| American Cancer Society Inc | Patient support | 2024 | $25,000 |
| The New York Community Trust | For program support. | 2024 | $10,000 |
| The New York Community Trust | For program support. | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Arizona Community Foundation | This award is designated support for the bill arena endowment scholarship | 2024 | $10,000 |
Grants made · $16.2M in FY2023
6 grants totaling $16.2M in FY2023. All grants made by Stony Brook Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Stony Brook University Office | Educational support | $13,394,203 |
| Research Foundation For the State University of New York | Research awards & educational support | $2,715,662 |
| Faculty-student Assoc of State University of Ny At Stony Brook | Educational support | $61,277 |
| Georgia State University Research Foundation Inc | Research | $30,000 |
| Stonybrook University (undergrad Student Govt) | Educational support | $25,972 |
| Cold Spring Harbor Laboratory | Simons stem scholar program | $13,548 |
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Frequently asked questions
- Is Stony Brook Foundation Inc a legitimate nonprofit?
- Yes. Stony Brook Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-6077945, based in Stony Brook, New York. Donations are tax-deductible.
- What is Stony Brook Foundation Inc's EIN?
- Stony Brook Foundation Inc's Employer Identification Number (EIN) is 11-6077945.
- How much revenue does Stony Brook Foundation Inc report?
- Stony Brook Foundation Inc reported $421,041,466 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Stony Brook Foundation Inc's spending goes to programs?
- Stony Brook Foundation Inc spends about 68% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Stony Brook Foundation Inc have?
- CharityIndex grades Stony Brook Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does Stony Brook Foundation Inc's highest-paid employee make?
- The highest reported compensation on Stony Brook Foundation Inc's latest Form 990 is $548,352, paid to Mr David Marcus (Cio).
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Data for Stony Brook Foundation Inc (EIN 11-6077945) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.