NYU avidly seeks fundraising opportunities and its efforts were just made easier at its Polytechnic School of Engineering with a $5 million gift for the benefit of academically talented science, technology, engineering and math (STEM) students in need of financial aid.
The gift from the William R. and Marjorie Berkley Scholarship Fund represents the largest single gift in the School of Engineering’s history. William Berkley is the chairman and CEO of W.R. Berkley Corporation and also is chair-designate of NYU’s Board of Trustees. He will assume the chairmanship in October 2015. Berkley cites the critical nature of STEM and their role in the global arena as the reason for the gift. The endowment to the Engineering School was not the first from Berkley. $10 million in support of financial aid for NYU business students had already been given.
A Momentum Campaign was launched by NYU in 2013, with a goal of $1 billion earmarking financial aid and in just two years, the school is half way to its goal. Financial aid is NYU’s foremost fundraising goal.
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