OSWEGO, N.Y. — SRC, Inc. on Tuesday donated $1 million to SUNY Oswego’s engineering program to establish an endowed professorship.
The donation will help the college attract and retain faculty, SUNY Oswego said. It will also infuse additional resources for research, community outreach, and new opportunities between the college and SRC, a “major” employer of engineering graduates in the region.
Officials from SRC Inc. and SUNY Oswego announced the funding during a ceremony at the Richard S. Shineman Center for Science, Engineering and Innovation on the university’s main campus in Oswego.
SRC is a nonprofit corporation headquartered in Cicero that focuses on areas that include defense, environment, and intelligence.
“SRC’s support for an endowed professorship at SUNY Oswego exhibits the organization’s confidence in our engineering program and its commitment to programmatic growth, improvement and success,” SUNY Oswego President Deborah Stanley said in a statement. “Their support is testament to our shared interest in advancing the field and educating forward-thinking engineers. The college community is grateful for SRC’s investment, and for continuing our partnership that will propel our region and society in the future.”
The funds from the endowment will provide resources for a competitive faculty salary, “world-class” research facilities, student assistants, conference support, and “other incentives that provide the margin of excellence to retain top talent,” SUNY Oswego contends. The university plans to have the endowed professorship in place by the start of the fall 2020 semester.
“SRC’s mission is to help keep America and its allies safe and strong. To continue to be successful, we need engineers who understand technology and how to apply critical thinking,” Paul Tremont, CEO of SRC, said in a statement. “We believe the endowed professorship will attract the brightest minds to CNY, which will help us grow a strong workforce for the future. We’re excited to expand our partnership with SUNY Oswego and appreciate President Stanley’s support.”
Baltimore, Maryland–based ABET accredited SUNY Oswego’s engineering programs in electrical and computer engineering and software engineering in August. ABET is an accreditor of college and university programs in applied and natural science, computing, engineering, and engineering technology.
About 170 students are enrolled in engineering programs at SUNY Oswego, and 20 full-time faculty teach in the programs, the university said.
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