Iona Receives $15 Million for New Institute

Iona Receives $15 Million for New Institute

Iona College in New Rochelle, New York, has announced a $15 million gift from James and Anne Marie Hynes to establish an institute for entrepreneurship and innovative thinking.

The gift from the newly established Hynes Foundation will endow the Hynes Institute for Entrepreneurship & Innovation, an interdisciplinary center with a curricular focus on helping students in any major develop the knowledge, skills, and experience they need to create, innovate, and lead in a global economy driven by rapid technological advances.

Alumnus James Hynes ('69) co-founded and was the first CEO of Inteliquent, a provider of interconnection services in the United States; was a founder and CEO of COLT PLC, the first nongovernmental telecom provider in Europe; and is also a successful venture capitalist who has made investments in early-stage telecommunications and technology companies. Anne Marie Hynes, a member of the Hynes Institute design team, holds a BA in mathematics, an MS in management science, and a law degree from Pace University and is a member of both the New York and Connecticut bars. Most recently, she has functioned as a pro bono attorney with the Pace Women’s Justice Center in White Plains, New York, working with domestic abuse victims.

"At Iona, we understand how important it is to prepare students for careers that were once unimaginable or don’t yet even exist," said the school's president, Joseph E. Nyre. "The Hynes Institute will ensure that our students are not only receiving the education they’ll need to be leaders among their peers in this country, but throughout the world."

"Iona Launches Hynes Institute for Entrepreneurship." Iona College Press Release 03/22/2017.