Banco Santander Increases Funding for SUNY Global Initiatives

April 26, 2013

New York City — The State University of New York recently renewed and expanded its agreement with Banco Santander S.A., to support SUNY's development of the UCosmic® Consortium, its Center for Collaborative Online International Learning (COIL), and three student mobility and exchange initiatives. The original agreement was signed in 2009.‌

“Santander Bank's support of higher education is unmatched internationally and this agreement will enable SUNY to extend several initiatives in which we provide unique, valuable tools for students and faculty as well as our colleagues and partners around the world,” said SUNY Chancellor Nancy L. Zimpher. “We are deeply grateful for this continued commitment from Chairman Botín and Santander Bank.”

“Santander is committed to social responsibility and to strengthening and improving the quality of teaching, research, academics and international collaboration and understanding,” said Banco Santander S.A. Chairman Emilio Botín. “This renewed agreement with SUNY further demonstrates our commitment to higher education and in support of initiatives that help to build bridges between different cultures.”

“SUNY is proud to renew its partnership with Santander Bank, a company well-known for its commitment to young people, to learning, and to corporate social responsibility,” said Mitch Leventhal, SUNY Vice Chancellor for Global Affairs. “Our partnership increases access to global education opportunities for SUNY students and helps them acquire skills and experiences necessary to compete in today’s increasingly global marketplace.”

The Santander agreement will provide institutional support and project management of SUNY's UCosmic® Consortium, an international open-source software initiative that provides members with a collaborative platform to establish data and process standards needed for strategic planning, and a network for IT groups to share resources and facilitate development of compliant software. As a result of the renewed agreement, 20 universities in the Santander Universities network from around the world will continue to have access to the consortium.

In addition, the agreement will support SUNY's Center for Collaborative Online International Learning (COIL), which supports globally-networked learning and enables collaboration between campus faculties and the development of online learning multicultural methods.

Through funding from the agreement, COIL will develop eight partnerships between SUNY and members of the Santander Universities in Latin America in support of the development and pilot of co-equal, team-taught learning environments which emphasize experimental and collaborative student learning. The courses developed will benefit more than 1,200 students from SUNY the Santander Universities network in Mexico, Brazil, and Argentina.

Finally, the agreement will support the following three SUNY Global mobility and exchange programs:

  • Santander Global Scholars - The program will provide scholarships for students from the network of 64 SUNY campuses to study at Santander partner universities in Latin America and Spain.
  • Santander Business Interns - SUNY New Paltz will develop a series of short-term programs with Santander partner universities that focus on business practices in countries where Santander operates.
  • Brazil Global Laboratory - SUNY Oswego will offer at least 45 scholarships to students for summer research activities and project design in Santander partner universities in Brazil, through its Brazil Global Laboratory program.

About Santander Universities

Banco Santander’s commitment to progress finds its expression in the Santander Universities Global Division, whose activities through local affiliates such as Sovereign Bank, form the backbone of the bank’s social action and enable it to maintain a stable alliance with the academic world. Santander has forged long-term partnerships with more than 1,040 universities in 20 countries. Last year, Santander Universities supported more than 4,105 new projects, and 37,712 scholarships. Santander Universities US was introduced in the United States in 2009 through Sovereign Bank and has now resulted in agreements with 24 universities and colleges. In 2012, the division funded over 950 scholarships.

About the State University of New York
The State University of New York is the largest comprehensive system of higher education in the United States, and more than 95 percent of all New Yorkers live within 30 miles of any one of SUNY’s 64 colleges and universities. Across the system, SUNY has four academic health centers, five hospitals, four medical schools, two dental schools, a law school, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. In total, SUNY serves about 1.3 million students in credit-bearing courses and programs, continuing education, and community outreach programs. SUNY oversees nearly a quarter of academic research in New York. Research expenditures system-wide are nearly $1.1 billion in fiscal year 2021, including significant contributions from students and faculty. There are more than three million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunity, visit

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