Binghamton University receives $37M donation to be used for students

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Published: Jan. 24, 2023 at 11:27 PM EST
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VESTAL (WBNG) -- In his State of the University address, Binghamton University President Harvey Stenger announced the university received an anonymous donation of $37 million.

Stenger said the money will be used to help support students.

He also said they plan on bringing 100 undergraduate students a year with a $25 million endowment. In addition, they will bring 15 graduate students a year. Which will reach a total of 30 graduate students in the arts at BU with a $12 million endowment.

The address was held inside the fine arts building with students and staff in attendance. Stenger showed his excitement to deliver the news.

“The positive, positive, state of the university address. In fact, as I was talking to people yesterday and we were doing a dry run of it, I said, this is probably material I’ve ever had to work with at a State of the University address,” Stenger said.

The president said this is a happy day for Binghamton University because thousands of students will now be able to attend BU without having to worry about the cost of attendance.