Elsewhere online
April 30, 2013

$25-Million Gift Includes Community College Naming Rights

A community college in the City University of New York system will be renamed for the late philanthropists Charles and Stella Guttman following a $25-million donation from the couple's foundation, writes The New York Times.

The Stella and Charles Guttman Foundation’s $15-million direct gift to the former New Community College is one of the largest private donations ever to a public two-year college, according to the nonprofit Council for Aid to Education. The Manhattan campus, which opened last September, will now be known as Stella and Charles Guttman Community College.

The remaining $10-million will support a City University program to encourage full-time study and support grants to help qualified students at all seven of the system's community colleges transfer to one of its senior campuses. The full $25-million donation is the largest in the Guttman Foundation's history and represents half of its assets.