NEW YORK, NY, January 31, 2007 — Pace University has received the third largest gift in its 100-year history, courtesy of the Dyson Foundation. The $7.5 million grant, the largest among the major gifts marking the foundation´s 50th anniversary, reflects a partnership between the Dyson family and Pace that began 75 years ago in 1930 when Charles H. Dyson graduated. Dyson became a pioneer in leveraged buyouts, was founder of the privately held investment firm Dyson-Kissner-Moran, undertook government assignments during the administration of Franklin D. Roosevelt, and served as Chairman of Pace´s Board of Trustees.
The gift will be formally announced by Charles Dyson´s son, Robert R. Dyson, Chairman and CEO of Dyson-Kissner-Moran and President of the Dyson Foundation, at a celebration ceremony in Dyson Hall on Pace´s Pleasantville campus Thursday, February 1 at 12:30 PM. The ceremony is open to all Pace alumni as well as present students, faculty and staff.
Science majors increase 38%."This commitment of $7.5 million over a six-year period will make an enormous impact at Pace," said Pace University President David A. Caputo. "Specifically, $5 million will fund the lion´s share of renovating the Dyson College science laboratories in our Pleasantville location. Of the rest of the grant, $2 million will fund scholarships in psychology, communications and media, performing arts, fine arts, and environmental science and environmental studies, and $500,000 will create the Dyson Student Opportunities Fund, which will fund special activities for students. "The generous new investment in Pace from the Dyson Foundation could not come at a better time," stated Nira Herrmann, Dean of the Dyson College of Arts and Sciences. "We face a growing demand for upgraded labs. Pace´s Core Curriculum requires all students to take one science class with a laboratory component. But in addition, in the last three years we´ve seen a 38% increase in science majors, mainly due to increases in students majoring in forensic science, and in biology and health science."
Charles Dyson died in 1997, but his name and legacy live on at his alma mater in a wide variety of capital, endowment and program priorities, especially in the name of the University´s Dyson College of Arts and Sciences, named for him in 1974. It has grown rapidly in the last five years. Including the new pledge, gifts to Pace from Charles Dyson, The Dyson Foundation and Dyson-Kissner-Moran Corporation total more than $23 million.
About The Dyson Foundation. The Dyson Foundation is a private, family-directed grantmaking foundation established in 1957. The Foundation is led by Robert R. Dyson who has served as the Foundation´s President since 2000. Headquartered in Millbrook (Dutchess County), New York, the Foundation awards grants through a diverse regional funding program in the Dyson family´s home community of the Mid-Hudson Valley of New York State. The Dyson Foundation also makes grants outside the Hudson Valley to pre-selected organizations.
The Foundation´s assets presently stand at approximately $337,000,000 and in the year 2006 it awarded grants in excess of $18,460,000.
About Pace University. One hundred years old in 2006, Pace University is known for an outcome-oriented environment that prepares students to succeed in a wide-range of professions. Pace has facilities in downtown and midtown New York City and in Westchester County at Pleasantville, Briarcliff, and White Plains (a graduate center and law school). A private metropolitan university, Pace enrolls approximately 13,500 students in undergraduate, masters, and doctoral programs in the Dyson College of Arts and Sciences, Ivan G. Seidenberg School of Computer Science and Information Systems, Law School, Lienhard School of Nursing, Lubin School of Business, and School of Education. www.pace.edu