Private gifts can change the lives of SUNY Institute of Technology
students and make their college experience one they will always remember. There
are two basic categories of private giving at SUNYIT - gifts made to the endowment
and contributions to the Annual Fund.
Contributions to the endowment are put in restricted funds (such
as scholarships) or our unrestricted endowment managed by the SUNYIT Foundation.
A healthy, growing endowment is vital at SUNYIT and ours has grown steadily
over the past three years; its now close to $2.5 million. A portion of the
endowments investment earnings is spent each year for scholarships and
other purposes.
The Annual Fund provides direct budget relief, is unrestricted,
and is expended each year. Donations to the Annual Fund help provide scholarships
and emergency student loans, fund faculty research and staff development, and
pay for programs that enhance student life.
SUNYIT relies on both annual gifts and grants to our endowment
to provide a level of excellence that would not be possible with state funding
alone. This kind of support truly makes a difference in the lives of our students.
For more information, e-mail the Development Office, smr@sunyit.edu, or call 315-792-7273.
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