SUNY Board Outlines Plan to Allocate $100 Million in Investment & Performance Funds to Campuses

June 16, 2015

Funds will Support SUNY Completion Agenda as System Aims to Graduate 150,000 Students Per Year

Albany – The State University of New York Board of Trustees today outlined a plan to allocate $100 million in an Expanded Investment and Performance Fund to its 64 campuses in support of SUNY’s Completion Agenda as the system aims to increase the number of graduates from 93,000 to 150,000 annually by 2020.

Building upon $18 million provided to SUNY in the enacted 2015-16 New York State Budget for the establishment of an Investment and Performance Fund, the additional $4.4 million designated for the Educational Opportunity Program (EOP) in the Enacted Budget, and the $55 million in bonded capital support provided by the fifth round of the successful NY-SUNY 2020 capital program, the Board identified the strategic use of limited existing resources to bolster the Fund to $100 million.

SUNY Board Chairman H. Carl McCall said, “Chancellor Zimpher has challenged the State University of New York to begin graduating as many as 150,000 student per year by 2020, and through the development of our strategic plan and SUNY Excels, she has given us the roadmap to make that goal a reality. In addition, Governor Cuomo and the Legislature this year provided a first-of-its kind investment in SUNY that we intend to make the most of, and that is what the process we outlined today will accomplish.”

“SUNY is undertaking one of the nation’s most ambitious completion agendas, and the only way we will meet our goal is through the continued expansion of our most effective programs and initiatives,” said Chancellor Zimpher. “We have identified high-impact practices such as EOP, applied learning, and improved advising that lead to a higher completion rate among students, and I commend the Board for positioning SUNY to bring those practices to scale.”

Following further discussion with the Board of Trustees, campus and college presidents, business and academic officers, and System Administration staff, SUNY will issue a Request for Proposal (RFP) for campuses and colleges to apply for funds, illustrating what impact the proposed project will have on the campus and/or campuses, the SUNY Completion Agenda, and SUNY Excels, and identifying opportunities for matching funds where possible.

The process will be overseen by a diverse and representative Review Group comprised of experts both within SUNY and outside the system. Proposals ranked highest by the Review Group will be presented to the Chancellor and SUNY Board of Trustees for final approval.

It will be guided by the system’s performance management system, SUNY Excels, which consists of five broad priority areas – Access, Completion, Success, Inquiry, and Engagement. Within each of these, SUNY tracks the progress and continuous improvement on its services to students, faculty, and staff as well as New York State’s communities, schools, and citizens.

It is anticipated that awards will be given to campuses by December 2015.

About the State University of New York
The State University of New York, which celebrates its 75th anniversary this year, 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 country’s oldest school of maritime, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. In total, SUNY serves about 1.4 million students amongst its entire portfolio of credit- and non-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 2022, 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 opportunities, visit suny.edu.


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