Ensuring Sound Operations and Financial Stability
SUNY Oswego campus is well-positioned and continues to deploy a multifaceted approach to ensure continued business operations and financial stability through these challenging, unprecedented times. Over the past five years of campus renewal, SUNY Oswego’s capital plan projects exceeded $91 million dollars and injected over $50 million dollars into New York’s economy. In the last year, even with the impact of COVID-19 slowing down the completion of some projects, SUNY Oswego still completed millions of dollars in capital projects.
In a resilient response to external challenges, SUNY Oswego has maintained its record of successful campus facilities renewal and returned to service many facilities that had been taken off-line for updates or repair.
Tyler Hall Phase II Rehabilitation
This $14.5 million project modernized instructional space to allow for the implementation of contemporary pedagogy for the college’s visual and performing arts programs.
This popular residence hall received new base mechanical, electrical and plumbing upgrades and the implementation of universal restrooms.
SUNY Oswego’s new student print system on campus, launched in fall 2019, has helped reduce paper use by over 100,000 sheets.
Growing our Endowment
SUNY Oswego is enduring in these extremely challenging times, effectively shifting gears and changing directions in response to a variety of priorities and needs that emerged this past year. Notably, the Oswego College Foundation’s Investment Committee, comprised of alumni volunteers, skillfully stewarded the endowment throughout the tumultuous ups and downs over the past year to its June 2020 level of approximately $44 million – a 5.3-percent increase from fiscal year 2019.
Investing in Student Success
In total last year, the college oversaw the distribution of more than $1.2 million in 522 privately funded student scholarships and awards. Many of these scholarships were established by or in honor of alumni, whose support expresses the important role SUNY Oswego played in their lives.
The Path Forward
By June 2020, a total of 111 new need-based scholarships had been created at Oswego. More than $110,000 was raised for the General Scholarship Fund; 80 new current-use scholarships of $1,000 each for five years was achieved; and 31 new endowed scholarships were created, valued at more than $829,000.
In response to the pandemic, SUNY Oswego pivoted its focus of raising money for its newly created Student Emergency Fund to assist students with the immediate housing, food, transportation and technology needs. By June 30th, the college raised more than $245,000 in private donations.
SUNY Oswego's Financial Office applied for and secured $3.6 million in Coronavirus Aid, Relief and Economic Recovery (CARES) Act funding to provide direct emergency aid to students affected by the COVID-19 pandemic.