University’s 20th Annual Gala Includes Record $25 Million Donation from Marilyn Simons to Fund a New Center for Applied Economics and Public Policy
(Stony Brook, New York, April 11, 2018) – Over 850 guests gathered last evening at Pier Sixty at Chelsea Piers in New York City to honor alumna and Simons Foundation President Marilyn Hawrys Simons ’74, PhD ’84, at the 20th Stars of Stony Brook Gala. Hosted annually by the Stony Brook Foundation Board of Trustees, this year’s celebration recognized Dr. Simons for her leadership as president of one of the nation’s premier philanthropic institutions devoted to driving progress in basic science, as well as her contributions to improving educational opportunities for the underserved at the university and beyond.
The 2019 Stony Brook Gala also proved to be a record-breaker, raising an astounding $28.2 million. The total included $25 million from Dr. Simons, which will establish a new Center for Applied Economics and Public Policy at the University and another record-breaking $3.2 million plus was raised for student scholarships.
“This incredible gift will transform our economics department,“ said University President Samuel L. Stanley Jr., “ and positively impact programs campus wide, enhancing Stony Brook’s voice in public policy and bolstering the worldwide reputation of the university. I am humbled by Marilyn’s vision, generosity and confidence in Stony Brook.”
Dr. Simons joins a distinguished roster of scholars, politicians, celebrities and luminaries who have been honored at the Stars of Stony Brook Gala. The roster includes Former Vice President Joseph Biden, Nobel Laureate CN Yang; actors Julie Andrews, Alan Alda, Jane Fonda, and Ed Harris; Renaissance Technologies founder James Simons; IMAX CEO Richard Gelfond ’76; and world-renowned conservationists Patricia Wright and Richard Leakey.
Dr. Simons was feted at the Gala by an illustrious list of attendees led by Stony Brook University President Samuel Stanley Jr, MD, IMAX CEO and Stony Brook Foundation Chair and Gala Co-Chair
Rich Gelfond ’76, and wife Peggy Gelfond, Rauch Foundation President Nancy Douzinas, philanthropist and financier Henry Laufer and wife Marsha Laufer, former New York State Comptroller and SUNY Board of Trustees Chairman Carl McCall, SUNY Board of Trustees Vice Chairman Merryl Tisch, Chair of the Stony Brook Council Kevin Law, former New York State Representative Rick Lazio and many others.
“Marilyn’s remarkable kindness, humility and intellect has long merited a special place in our hearts at Stony Brook, and among all those fortunate to know and work with her,” said Richard Gelfond ’76. “She is an incredible woman of substance and vision, and I’m proud to call her a colleague, fellow alum and friend.”
Notably, Dr. Simons was honored in a speech by the man who knows her best, her longtime husband, financier and founder of Renaissance Technologies Jim Simons, who met Marilyn while working as the Chair of the Mathematics Department at Stony Brook. Dr. Simons was also honored in song by Broadway singer Abby Mueller, best known for her starring performance in “Beautiful: The Carole King Musical,” with a medley including “Will You Still Love Me Tomorrow,” “Beautiful” and a rousing “I Feel the Earth Move.”
Since its inception in 2000 and prior to last evening’s event, the Stony Brook Foundation Stars of Stony Brook Gala had raised more than $36 million to support student scholarships and $21 million for academic programs of excellence. Dr. Simons joins a distinguished roster of scholars, politicians, celebrities and luminaries who have been honored at the Stars of Stony Brook Gala. The roster includes Former Vice President Joseph Biden, Nobel Laureate CN Yang; actors Julie Andrews, Alan Alda, Jane Fonda, and Ed Harris; Renaissance Technologies founder James Simons; IMAX CEO Richard Gelfond ’76; and world-renowned conservationists Patricia Wright and Richard Leakey.
In 1994, with husband Jim Simons, Marilyn Simons co-founded — and became president of — the Simons Foundation. In the years since its founding the Simons Foundation rapidly became one of the nation’s leading private funders of basic research, its president a vocal advocate for increased philanthropic involvement in high-risk, high-reward scientific research. Stony Brook University awarded her an honorary doctorate of letters degree in 2008.
In New York City, she continues her involvement in improving K-12 education for underserved communities as a member of the boards of the Learning Spring School, a school for children on the autism spectrum and the East Harlem Scholars Academy.
Dr. Simons was recently appointed chair of the board of Cold Spring Harbor Laboratory, a globally renowned U.S. research facility with research programs focusing on cancer, genomics, neuroscience, plant biology and quantitative biology.
Dr. Simons has also helped emphasize the importance of health and nutrition by supporting the Walter J. Hawrys Campus Recreation Center named in honor of her late father. She supports the scientists of tomorrow through the Simons Summer Research Fellows and the university’s Undergraduate Research Experience and Creative Activities program.
In 2018, Simons was awarded a doctorate of humane letters by PACE University, recognizing her as a leading science philanthropist and for her work at the Learning Spring School. Together with husband Jim Simons, Marilyn has also been recognized with a Cold Spring Harbor Laboratory Double Helix Medal (2008); the Carnegie Medal of Philanthropy (“the Nobel Prize of philanthropy” in 2013); an honorary degree from The Rockefeller University (2013); and, most recently, a Chemical and Marketing Economics Leadership Award from the American Chemical Society, New York honoring her for outstanding STEM-related philanthropy (2018).
At Stony Brook University, Dr. Simons serves as a board member of the Turkana Basin Institute, a research institution that supports scientific projects in the Turkana Basin of Northern Kenya. She is founder and chair of the Stony Brook Women’s Leadership Council, a mentoring program that pairs outstanding female undergraduates with accomplished female alumni and friends of the University.
“Marilyn gives the University the courage to take risks and overcome boundaries in our effort to advance knowledge,” said President Stanley. “ She builds opportunity for those whose horizons would otherwise be limited. And she amplifies our ability to education the next generation of thoughtful leaders.”
For more information, please visit stonybrook.edu/gala.
Stony Brook University, widely regarded as a SUNY flagship, is going beyond the expectations of what today’s public universities can accomplish. Since its founding in 1957, this young university has grown to become one of only four University Center campuses in the State University of New York (SUNY) system with more than 26,000 students, more than 2,700 faculty members and 18 NCAA Division I athletic programs. Our faculty have earned numerous prestigious awards, including the Nobel Prize, Pulitzer Prize, Indianapolis Prize for animal conservation, Abel Prize and the inaugural Breakthrough Prize in Mathematics. The University offers students an elite education with an outstanding return on investment: U.S.News & World Report ranks Stony Brook among the top 40 public universities in the nation. Its membership in the Association of American Universities (AAU) places Stony Brook among the top 62 research institutions in North America. As part of the management team of Brookhaven National Laboratory, the University joins a prestigious group of universities that have a role in running federal R&D labs. Stony Brook University fuels Long island’s economic growth. Its impact on the Long island economy amounts to $7.38 billion in increased output. Our state, country and world demand ambitious ideas, imaginative solutions and exceptional leadership to forge a better future for all. The students, alumni, researchers and faculty of Stony Brook University are prepared to meet this challenge.
Established in 1965, the Stony Brook Foundation is a private 501(c) (3) nonprofit organization. It exists to advance the goals and strategic plan of Stony Brook University by raising and managing private funds on the University’s behalf. Since its inception, the Foundation has raised over $1 billion in gifts and employs best practices and procedures to ensure all gifts to the University are wisely invested and distributed consistent with each donor’s expressed intent.
Philanthropy that supports Stony Brook University’s programs and builds its endowment has never been more important given the well-documented decline in state funding for public higher education. Although New York State is more generous to its state university system than those of other states, it funds less than 18 percent of Stony Brook’s annual operating budget.
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