President's Initiative for Excellence
The President’s Initiative for Excellence is a three-year, $30 million fundraising effort aimed at improving the student experience by expanding scholarship programs, upgrading infrastructure, enhancing the university’s technical capabilities and boosting the university’s ability to attract outstanding new faculty members. The Initiative is the first installment of a long-term strategic planning exercise that focuses on excellence in all facets of Stevens life, from academics to applied research to entrepreneurial enterprises and the meaningful engagement of students and faculty in solving the world’s most urgent challenges through technological innovation. It marks the launch of the Stevens Decade - a period of serious planning, bold ambitions, and impressive accomplishment - leading up to the University’s landmark 150th anniversary. With the vital input and enthusiastic participation of the Stevens community, the Initiative is on course to not only meet but also surpass expectations.
Scholarships to Retain Talented Students in Need
Stevens will expand efforts to recruit and retain the brightest and most enterprising students, while supporting their educational journeys from freshman year through graduation. As the cost of a first-rate technical education rises, financial aid becomes an increasingly critical priority. Attracting top scholars is key to Stevens’ mission of producing a highly skilled, technology-savvy work force capable of devising innovative solutions to address complex societal problems.
How to participate:
- Endowed scholarships and annual fund gifts will support students in specific areas of study. The minimum required pledge for establishing a named endowed scholarship is $75,000. Additionally, it is possible to create a named term scholarship by donating a minimum amount of $10,000 per year for four years.
- The Adopt-a-Student program requires a four-year commitment of $25,000 per year. This program links a donor with a student - the recipient of the scholarship - from the time the student joins Stevens until graduation.
- The Keep Me Stevens Program supports students with strong academic records who have completed 60 credit hours or more, are experiencing financial difficulties that may force them to either leave school or become part-time students. Keep Me Stevens requires a minimum commitment of $10,000 per year.
Support for Faculty
The Initiative will allow Stevens to recruit and retain outstanding faculty - the core of an institution of higher learning - and equip them with the resources they need to provide an exceptional learning experience for students, advance the frontiers of science and technology through research, and transfer game-changing technologies to the world beyond our walls. Our students collaborate closely with prominent researchers in classrooms and laboratories as an integral part of the Stevens experience . Initiative funds give the university the flexibility to add internationally renowned faculty and researchers to our academic programs as important new fields of study arise.
How to participate:
- Gifts of endowed chairs allow Stevens to secure top talent in vital fields of study. The cost to endow and name a full professor’s chair is $2 million, funded over a three-year period. The cost to endow and name a distinguished professor’s chair is $3 million, funded over a three-year period.
- Term chairs and professorships provide support for research or specific educational programs. Naming opportunities begin at $50,000 per year, funded for a minimum of three years each.
State-of-the-Art Infrastructure for a Leading Technology University
The Initiative will provide needed funds to upgrade the university’s physical infrastructure, modernize facilities and expand technical skills in order to maintain a cutting-edge learning environment on campus, while preparing Stevens graduates to step into careers that will require mastery of state-of-the-art technologies.
How to participate:
- Designate gifts that allow the University to renovate classrooms, lecture halls and laboratories, and equip these spaces with state-of-the-art technologies.
- Designate gifts that provide needed resources to enhance and expand common facilities such as the library, athletic facilities and the information technology infrastructure.
- Designated gifts that contribute to ongoing beautification efforts campus-wide, allowing the university to, for example - plant trees and flowers and add artwork, while also maintaining Castle Point’s singular history and beauty.
The President's Distinguished Lecture Series
In addition to strengthening the academic program and expanding opportunities for students, the Initiative will support a high-profile lecture series focused on important topics in science and technology, the linkages between societal issues and advances in science and technology, and related policy issues. The lecture series is designed to keep Stevens front and center in academic and policy discussions critical to the nation, on topics such as green energy, advanced biomedical devices, cybersecurity, health information technology, next-generation wireless systems and social media technologies.
Guest speakers will include highly distinguished engineers, scientists, policy makers and corporate executives. The series will both generate excitement within the Stevens community and attract wider audiences in academia, media, Wall Street and beyond.
With your support over the next three years, The President’s Initiative for Excellence will strengthen fundamental aspects of the Stevens experience in profound ways. We will help talented students afford the high cost of a first-class technical education by expanding our scholarship programs. We will further engage our students in the challenges of today, while reinforcing the university’s role as a center for innovative solutions, through the President’s Distinguished Lecture Series.
At the same time, we will seek new opportunities both on and off campus to build meaningful and effective partnerships with corporate communities to immerse our students in real-world problems and enhance our research enterprise. We will make strategic upgrades in campus facilities, building upon our state-of-the-art research laboratories such as a “clean room” which houses nano and micro-device research equipment. And we will continue to recruit outstanding scholars so that our future graduates - like so many distinguished Stevens alumni before them - leave Castle Point ready to provide thoughtful, impactful solutions to the world’s most complex challenges and problems.
The generous sponsors of these vital programs will be recognized in a variety of ways for their important roles in advancing The President’s Initiative for Excellence, such as through Stevens publications, the university’s web site, and an annual scholarship luncheon held in their honor and hosted by Stevens President Naramin Farvardin.