CUNY Receives $25 Million from the Stella and Charles Guttman Foundation

April 29, 2013 | Advancement

Elizabeth Olofson, Executive Director, and Howard J. Rubenstein, President of the Guttman Foundation, pose with NCC President Scott E. Evenbeck and college staff and students to celebrate the Foundation's major gift to the college.

Elizabeth Olofson, Executive Director, and Ernest Rubenstein, Board President of the Guttman Foundation, pose with NCC President Scott E. Evenbeck and college staff and students to celebrate the Foundation’s major gift to the college.

Foundation’s Largest Gift Endows Community College Programs and Transfer Scholarships

The City University of New York has received a $25 million gift from the Stella and Charles Guttman Foundation to support The New Community College at CUNY and two other community college initiatives to boost student retention and graduation rates.  In honor of the gift, the foundation’s largest and the largest ever given to a New York State community college, the CUNY Board of Trustees passed a resolution to rename The New Community College the Stella and Charles Guttman Community College.

The Trustees on April 29 approved the naming of the college and of the Guttman Student Success and Engagement Fund, which will promote further development of the college’s innovative programs. The Board of the Guttman Foundation is committing half of its current assets to CUNY. The Guttman Board approved the gift on April 11, 2013.

To read the full press release, click here.

Guttman Foundation Board President Ernest Rubenstein discusses the gift to the College during the CUNY Board of Trustees April 29, 2013 meeting. Watch the video.

Media Coverage:

The New York Times

Chronicle of Higher Education

The Wall Street Journal

Inside Higher Ed

Albany Times-Union

CBS New York

BloombergBusinessweek

Community College Times/American Association of Community Colleges

 

 

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