SUNY Oswego receives $7.5 million gift, largest in school history
Fri, 17 Jan 2014 15:46:47 GMT —
SUNY Oswego has received the single largest gift in the 153-year history of the school. The $7.5 million dollar gift from the estate of Oswego County resident Lorraine Marano will establish the "Nunzio 'Nick' C. And Lorraine E. Marano Endowment," which will be used primarily to fund scholarships for students with financial need, focusing on first-generation college students.
"Lorraine Marano's profound understanding of the transformative powers of public higher education is affirmed by this extraordinarily generous gift," said Oswego President Deborah F. Stanley. "Her gift will help put a college education within reach for many students, fulfilling their hopes and dreams and investing in a better future for all of us, as our graduates forge productive lives in their communities. We are deeply honored by her confidence in establishing the Marano family legacy at SUNY Oswego. It will live on for generations."
Marano, who the school calls an education enthusiast, was an open admirer of SUNY Oswego and wanted to support students, faculty, staff and strong innovative leadership.