Pace to Invest $7.2 Million in Science Labs; $1.8 Million to be Received Through NYS Grant

Pace University, the largest university in Westchester County and one known for rapidly-growing science programs, is about to invest more than $7 million dollars in the renovation of the science laboratories on its Pleasantville campus.

FOR IMMEDIATE RELEASE

Contact:
Cara Halstead Cea, Public Information Officer, Pace University, 914-773-3312, chalstead@pace.edu

Steve Densmore, Dyson Foundation Press Liaison
845-234-8713, sdensmore@dyson.org

Emma Furman, Deputy Chief of Staff,
Office of Assemblyman Richard Brodsky, District Office: 914-345-0432

Allyson Felix, Communications Director,
NY State Senator Andrea Stewart-Cousins, 914-771-4190

PACE UNIVERSITY TO INVEST $7.2 MILLION
IN RENOVATION OF SCIENCE LABS

$1.8 Million to come from first grants of the New York State Higher Education Capital Matching program

PLEASANTVILLE, NY, May 5, 2008 – Pace University, the largest university in Westchester County and one known for rapidly-growing science programs, is about to invest more than $7 million dollars in the renovation of the science laboratories on its Pleasantville campus.

The university was awarded approximately $1.8 million in capital improvement funding from New York State last week. The grant is part of the first round of funding through the New York State Higher Education Capital Matching Grants program (HE Cap). The HE Cap board approved $52 million for 40 projects at 33 institutions in New York State.

The Pace funds will be matched by $5.4 million from a Dyson Foundation grant, announced earlier, for the renovation of Dyson Hall, which houses the biology and health sciences laboratories and classrooms on Pace’s Pleasantville campus. Dyson Hall was built in 1963 with funding provided by the financier Charles H. Dyson.

The renovation of this building will mark the largest capital investment on the campus since 2002, when the Ann and Alfred Goldstein Health, Fitness and Recreation Center was completed.

Trained professionals. “This funding will allow Pace to improve facilities for our rapidly growing science programs that produce professionals in fields including cancer research, forensics and environmental science,” said Pace University President Stephen J. Friedman. “We are very grateful for the hard work of our state legislators, without whom this would not have been possible.”

In the last six years, science majors at Pace have increased almost 40 percent, with a 50 percent increase in biology majors. Pace’s core curriculum requires all students to take one science class with a laboratory component.

“Through the New York State Higher Education Capital Match Program, we’ve been able to secure $150 million for private colleges based on enrollment and student financial need,” said Assemblyman Richard L. Brodsky (D-District 92). “I’m very pleased that three of the largest grants in the program will be benefiting institutions in Westchester, with Pace receiving the second largest of those grants. This funding will help to ensure that Pace University continues to be on the forefront of scientific research and innovation.”

State Senator Andrea Stewart-Cousins (35th District -Westchester) added: “As an alumna of the Dyson College of Arts and Sciences at Pace, I am particularly gratified to help contribute to the improvement of an already exceptional program. With science at the heart of some of the most popular careers such as forensics, I am glad to see the largest university in Westchester receive funding that will serve the needs of many of the scientists and researchers of the future.”

The HE Cap program requires a three to one (non-State to State) match by institutions. Grants may be used for the design, construction, acquisition or renovation of facilities. The list of approved projects is available at http://www.dasny.org/dasny/hecap/index.php.

Pace is receiving the seventh largest gift in the program. Institutions that have not yet applied for HE Cap allocation have until March 31, 2009 to apply.

Buyout pioneer. The Dyson contribution was announced last year by Charles Dyson’s son, Robert R. Dyson, Chairman and CEO of Dyson-Kissner-Moran and President of the Dyson Foundation, as part of the foundation’s 50th anniversary. The total Dyson gift of $7.5 million in 2007 was the third largest in Pace’s history and reflects a partnership between the Dyson family and Pace that began 78 years ago when Charles H. Dyson graduated from Pace in 1930.

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.

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. Gifts to Pace from Charles Dyson, The Dyson Foundation and Dyson-Kissner-Moran Corporation now 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. http://www.dysonfoundation.org/

Professional education. Since 1906 Pace University has offered professional education that combines liberal arts with practical experience and the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York. It enrolls more than 13,500 students in bachelor’s, master’s, and doctoral programs in its Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu.

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