City College of New York Establishes $290 Million Foundation

City College of New York Establishes $290 Million Foundation

The City College of New York has announced the formation of a new foundation following a two-year process to consolidate the 21st Century Foundation and the City College Fund.

With a combined endowment of more than $290 million, the Foundation for City College will work to enhance access to educational and research excellence, with a focus on students who might not otherwise attend college due to the financial cost. To that end, the foundation will support "named professorships, advanced research operations, innovative programs leading to increased student success, and campus-wide wellness opportunities," said Dave R. Wall ('97), who co-chairs the foundation's board with Martin Cohen ('70). "We see education and workforce development initiatives as key areas in which the board can have a direct impact."

"The combined energies and commitments of our two precursor foundations, each devoted to that mission, positions our new foundation to play an unprecedented and central role in the design of a new and brighter future for CCNY," said the college's president, Vince Boudreau.

"Private gifts have the power to advance higher education, which can transform lives and communities," said Cohen. "The board intends to continue in our work to enrich the City College experience for students, faculty, and staff, and to work in collaboration with President Boudreau to raise significant financial support from private sources."

"City College Unveils New Combined Foundation With $290M Endowment." City College of New York Press Release 12/26/2019.