CUNY Receives $25 Million Grant
NEW YORK (CBSNewYork) -- The City University of New York on Monday announced that it has received a $25 million donation from the Stella and Charles Guttmann Foundation, to support community college initiatives.
The gift includes a $15 million endowment for the New Community College, which CUNY said was the largest ever given to a New York state community college, CUNY said.
To mark the gift, New Community is being renamed the Stella and Charles Guttman Community College.
Another $9 million is going to an endowment that gives scholarships to students transferring from the community colleges to the four-year schools in the CUNY system. The foundation is also gifting $1 million toward a program that works toward improving community college retention and graduation rates.
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