NYU Engineering Gets $100 M Gift

[Vlife]

From link:

"Poly is one of the great successes in NYC over the past ten years. In 2005, it was a struggling engineering school in downtown Brooklyn and NYU hadn’t had an engineering school since the mid 1970s.

In 2008 NYU and Poly agreed to affiliate and put themselves on a path to eventually merge the schools. In 2012/2013 NYU and Poly officially merged and Poly became the NYU Poly School Of Engineering.

Over those ten years, Poly has risen from a middling engineering school to one of the top 50 engineering schools in the US. Applications have risen, as have test scores, and graduation rates. The faculty has stepped up and has been joined by a bunch of new dynamic educators and researchers. It has been a joy to watch this transformation which happened because a “jewel of a school” joined a juggernaut called NYU which brought it brand, capital, and leadership...

But it gets better. Today,NYU and Poly are announcing that the school will now be called The NYU Tandon School Of Engineering because Chandrika and Ranjan Tandon have bestowed a $100mm gift on the school, to be matched by a $50mm capital campaign. These funds will be directed at faculty and academic programs which are the essence of a university.

 

[retired711]

NYU seems terrific at fund-raising. It doesn't hurt that they have many alumni in the New York area. The university has come a *long* way since the 1950s and 1960s, when it was considered to be a place for kids who couldn't get into the city colleges.

 

[rutgersnyc]

NYU is now rolling in dough and is re-building the whole Village area. Times article this week on Texas A&M which can't get out of the way of hundreds of millions of oil money. Meanwhile poor Rutgers is barely scraping by. Still waiting for that $100 Mil gift to get naming rights to historic College Ave. campus. Rutgers has to do a better job with fund raising. Our biggest gifts are still nickel and dime stuff when hundred million + gifts have become so common.

 

[retired711]

NYU is now rolling in dough and is re-building the whole Village area. Times article this week on Texas A&M which can't get out of the way of hundreds of millions of oil money. Meanwhile poor Rutgers is barely scraping by. Still waiting for that $100 Mil gift to get naming rights to historic College Ave. campus. Rutgers has to do a better job with fund raising. Our biggest gifts are still nickel and dime stuff when hundred million + gifts have become so common.

Keep in mind that the Texas A & M money is not from private sources, but rather from the "Permanent Fund" consisting of oil royalties collected by the state. By state constitutional provision, two-thirds goes to UT and one-third to Texas A & M. It's a real tribute to the popularity of the institutions that the Texas voters have been willing to do this for the schools; it would be great if we had even half as much political support in New Jersey.

 

[NotInRHouse]

Really a tribute to them. Most of the big schools in the city are really geared towards liberal arts so might as well corner the market on this. I think before they actually used to joint program with Stevens.

Now that Cooper Union charges tuition they can really make a good case.