Dexter Bailey joined Stony Brook University in June 2011 as Vice President for Advancement, and under his tenure, the Advancement program has made enormous strides. Stony Brook University President Samuel L. Stanley Jr., MD, has appointed Dexter Senior Vice President for Advancement in recognition of his important work and the way in which he has elevated the role of Advancement on the overall success of the University. Dexter’s new position as Senior Vice President will provide Advancement with the tools and access the department needs to engage in planning, growth and development of Stony Brook in a more strategic and impactful way.
Since Dexter joined Stony Brook three years ago, the now 60-person-strong Advancement Department has helped generate a total of $357 million, which includes philanthropic activity in the areas of new gifts and pledges supporting student financial aid, campus life, faculty teaching and research, scientific and teaching laboratories, hospital and other University facilities. This effort has resulted in a return on investment of $45 for every dollar invested in Advancement.
One of Dexter’s most significant contributions while at Stony Brook has been his role in managing the single most transformational gift in the history of Stony Brook University – a $150 million donation from Jim and Marilyn Simons and the Simons Foundation – which has been a catalyst for igniting donor enthusiasm, confidence and investment in the Stony Brook campus as a whole. Sparked by this generosity, Dexter and his team helped generate more than $232 million in new gifts and pledges to Stony Brook University by a wide range of donations.
“As Stony Brook University continues to grow in stature and in size, it is widely recognized that University Advancement plays a tremendous role in our ability to continue to evolve,” said President Stanley. “Now, as we are poised to begin what will be the most comprehensive fundraising campaign in our history, I am confident that Dexter, in this new role, will lead us to success.”