Stevens Institute of Technology Announces President’s Initiative for Excellence at Inauguration Event
$30 Million Fundraising Effort to improve and expand the student experience
Hoboken, NJ – Stevens Institute of Technology announced the start of a $30 million fundraising effort coinciding with the installation of Dr. Nariman Farvardin as Stevens’ seventh president. The project, known as The President’s Initiative for Excellence, a component of The Stevens Decade, is designed to enhance the quality of life on campus for students and faculty, including a new corporate partners program, a distinguished lecture series and an Adopt-a-Student initiative to expand scholarships for excellent students.
“The President’s Initiative for Excellence focuses on the activities that would enrich the campus environment of any great university,” said Dr. Farvardin. “We identified programs and investments that will have an immediate and noticeable impact on students, faculty and staff while our school leadership develops the long term strategic plan for the university.”
The President’s Initiative for Excellence has five distinct focal categories: scholarships for excellent students, support for excellent faculty, strengthened infrastructure, a corporate partners program and a distinguished lecture series.
President Farvardin announced the new initiative at the presidential inauguration gala in front of over 400 members of the Stevens community including trustees, alumni, faculty, staff and students. The announcement capped a weekend filled with inauguration activities, highlighted by an academic colloquium with distinguished guests Dr. Steven Chu, United States Secretary of Energy, Dr. Jeong Kim, Executive Vice President of Alcatel-Lucent and President of Bell Labs, and panel moderator Christine Lagorio, Executive Editor of Inc.com.
The President’s Initiative for Excellence will be the primary focus of the school’s fund raising efforts over the next three years. It is the first of many strategic efforts Dr. Farvardin will focus on early in his tenure at Stevens.
Founded in 1870, Stevens Institute of Technology, The Innovation University™, lives at the intersection of industry, academics and research. The University's students, faculty and partners leverage their collective real-world experience and culture of innovation, research and entrepreneurship to confront global challenges in engineering, science, systems and technology management.
Based in Hoboken, N.J. and with a location in Washington, D.C., Stevens offers accredited baccalaureate, masters, certificates and doctoral degrees in engineering, the sciences and management, in addition to baccalaureate degrees in business and liberal arts. Stevens has been recognized by both the US Department of Defense and the Department of Homeland Security as a National Center of Excellence in the areas of systems engineering and port security research. The University has a total enrollment of more than 2,350 undergraduate, 3,600 graduate students and almost 450 faculty members. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America as well as strategic partnerships with industry leaders, governments and other universities around the world. Additional information may be obtained at www.stevens.edu and www.stevens.edu/news.