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Anonymous donor gives $6 million to University

An anonymous donor has given $6 million to Binghamton University — the largest gift from an individual in University history — to be used in part for financial aid and student scholarships, as well as for other areas of need.

“This gift offers unprecedented potential for Binghamton to enhance student access and provide support for the University,” President Lois B. DeFleur said. “It comes at a crucial time in the University’s development and we are deeply grateful for this extraordinary generosity. Our Binghamton University Foundation will administer and invest this important gift.”

“We are honored that this donor has such strong faith in Binghamton University and has chosen to invest in us,” said Marcia Craner, vice president for external affairs and executive director of the Binghamton University Foundation. “This gift will help motivate others who may wish to similarly support the University’s future and enrich the educational experience of our students.”

About 50 percent of Binghamton University’s approximately 12,000 undergraduates receive need-based financial aid. Hundreds of Binghamton University students receive scholarships, which also support their education. However, almost 78 percent of students with need at Binghamton still experience a funding gap, which they typically fill with loans.

“As an alumnus and a long-time supporter of Binghamton University, I am so pleased that this large and unexpected gift has been made to our campus,” said Lawrence J. Schorr, chair of the Binghamton University Foundation. “It will make a significant difference to students and the campus in these tough economic times. Although the gift was made anonymously, Binghamton University can take pride in the fact that our profile and reputation is such that we attracted the attention of this generous donor.”

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Last Updated: 10/14/08