Ways to Give to Economics Department
The Economics Department Fund for Excellence plays a crucial role in the overall effort
to strengthen the department and its impact on the campus. As the only source of unrestricted
funding available, the Fund provides much-appreciated support for academic and faculty/student
life programs in the Department of Economics. With this Fund, the Department Chair
has the flexibility to support important programs and initiatives when other sources
of funding are not available or are inadequate to fulfill the need.
The Fund is a vital resource that is used as needed to sustain excellent faculty,
launch new ventures, enrich and enliven student's experiences, expand activities and
foster a tradition of excellence. Examples of programs and initiatives that may be
supported by the Fund include student scholarships, new faculty/student research,
conferences, events and priorities that advance the mission and vision of the department.
A gift to this Fund, has a direct and immediate impact on the Department. We thank
you and appreciate your support.
CASH, CHECK OR CREDIT CARD GIFTS
Gifts of this type are valuable because the funds are immediately available to the University for the purpose specified. Gifts should be made in U.S. currency and payable to the Stony Brook Foundation, Inc. Foreign currency will be valued at the U.S. dollar equivalent on the date the gift is received.
To make a gift using your credit card, visit our secure online giving page for Economics Department Fund for Excellence.
To make your gift by check (make payable to the "Stony Brook Foundation")
Attn: Economics Department Fund for Excellence
Send it by mail to:
The Stony Brook Foundation, Inc.
P.O. Box 1511
Stony Brook, NY 11790-0590
Your gift is tax deductible
The Stony Brook Foundation is a registered 501(c)(3) charitable organization. All gifts to the Foundation are tax deductible to the fullest extent of the law. You should consult with your tax attorney/advisor concerning the deductibility of your gift. The Foundation's federal tax identification number is 11-6077945.
What is an Endowment?
Endowments, "the gifts that keep on giving," are permanently invested by the Stony Brook Foundation, and a portion of the income generated by that investment is used for the purpose you wish to support, such as undergraduate scholarships, graduate fellowships, supplemental salary support for faculty, research, libraries, lectureships, programs, and much more. Another portion of the income is reinvested each year, enabling the endowment to grow and provide a permanent stream of income - and a permanent impact - over time. There are basically two types of endowment - a "pure" endowment and a "quasi-endowment."
Pure endowments are those funds that have been given to the Foundation by an individual, group of individuals, or organizational donor with explicit instructions, or other language indicating the donor's intent, that the value of the gift be invested and held in perpetuity. With a pure endowment, only Board-approved distributions from the endowment are spent to support the University's activities. Only a donor (as opposed to the University or the Foundation) can permanently restrict funds.
Alternatively, quasi-endowments are funds that have been given to the Foundation by an individual, group of individuals, or organizational donor without the restriction that the gift be held in perpetuity, or funds that belong to the Foundation that are not subject to any donor's stipulation that the gift be held in perpetuity. Quasi-endowments may also include expired term endowments. Some donors choose to establish term endowments stipulating that the value of the gift be kept intact for a specified period of years, after which time the gift should be expended, in increments or in full, per the terms of the gift agreement.
For more information about Endowments, please contact:
Deborah Lowen-Klein
Assistant Vice President for Advancement
tel. (631) 632-5074
Visit the Stony Brook Advancement Office webpage for additional information.