CUNY Receives $25 Million Grant
NEW YORK (CBSNewYork) — The City University of New York on Monday announced that it has received a $25 million donation from the Stella and Charles Guttmann Foundation, to support community college initiatives.
The gift includes a $15 million endowment for the New Community College, which CUNY said was the largest ever given to a New York state community college, CUNY said.
To mark the gift, New Community is being renamed the Stella and Charles Guttman Community College.
Another $9 million is going to an endowment that gives scholarships to students transferring from the community colleges to the four-year schools in the CUNY system. The foundation is also gifting $1 million toward a program that works toward improving community college retention and graduation rates.
You May Also Be Interested In These Stories
- Blizzard Warning Issued As Major Snowstorm Takes Aim At Tri-State Area
- Residents Across Tri-State Flood Grocery Stores Ahead Of Major Snowstorm
- As Snowstorm Moves In, Non-Profit Looks Out For Homebound Elderly
- Brides-To-Be Shop For Dresses In Midtown While Raising Money For Breast Cancer Patients
(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)