STATEN ISLAND, NJ – The School of Business at the College of Staten Island (CSI) has received a $ 7.5 million gift from alumni and philanthropists Lucille and Jay Chazanoff from Todt Hill in 1965.
The $ 7.5 million will be used to support the Lucille and Jay Chazanoff Schools of Business, including accreditation to the Association to Advance Collegiate Schools of Business (AACSB).
The City University of New York on Monday evening approved the designation as Lucille and Jay Chazanoff School of Business at the College of Staten Island.
CSI President William J. Fritz said, "The fund will significantly increase the effectiveness, impact and reach of our School of Business, providing a level of education and excellence that has previously been imagined."
"It also illustrates the power of personal heritage through private philanthropy that strengthens our college and ultimately our community by giving us the opportunity to ascend in line with our strategic plan. Lucille and Jay are part of the structure of this island and we are deeply grateful to support the School of Business and the College of Staten Island, "said Fritz.
The Chazanoffs said it was an honor to support a school that gave them the foundation for their future.
"We got to know each other at Staten Island Community College, and the education we received there gave us the foundation for successful careers and lives. We are proud to bring it to future students, hoping to give them better career opportunities to follow in our footsteps, "the Chazanoffs said.
Susan L. Holak, founding dean of the School of Business, described the gift as "transformative" and said it would support the attitudes of teachers, teacher retention and scholarship at school, and student experimentation and success.
"The Chazanoff CUNY Fund shows confidence in our school's mission and programs, while providing us with the flexibility and ability to innovate faster. Lucille and Jay are exemplary alumni, exceptional members of our community and generous philanthropists. We are very proud that our school will bear her name, "said Holak.
Revenues from the Fund will support a wide range of goals, including retention of faculty, many of which have been recognized as Fulbright Fellows, National Science Foundation Fellows and members of the National Academy of Science Experts Panel. The CSI business faculty holds positions in editorial journals, occupies leadership positions in professional associations, and advises government agencies at federal, state, and local levels.
CHAZANOFF'S HISTORY HELPS STATE ISLAND
Earlier, the Chazanoffs founded the $ 100,000 Jay and Lucille Chazanoff 65 Scholarship Fund, which supports full-time Business Majors at CSI.
In 2004, the couple founded the family-run charitable foundation Carmine and Robert DeSantis, named after Lucille's deceased brothers, who help children with special needs. To date, the foundation has provided more than $ 1 million.
The Chazanoffs are also the main benefactors of the JCC of Staten Island-sponsored Lucille and Jay Chazanoff Sunrise Day Camps, a free camp for children with cancer and their siblings.
Lucille, a Staten Island Advance Woman of Achievement from 1994, has worked with charitable organizations such as the Visiting Nurses Association and Meals on Wheels. She was a member of the board of directors of the CSI Foundation for 12 years, including as the founding president of the board of directors.
She continues to serve on the boards of the Northfield Bank Foundation and the Richmond University Medical Center Foundation.
Jay was a representative and former board member of the former St. Vincent's Hospital of Staten Island and was part of the team that brought heart surgery to Staten Island. He was also Deputy Chairman of the Heart Institute Board of Directors for two years.
Since 2013, he has been a member of the board of directors of the College of Staten Island. He is due to join the Board of Directors of the UJA Federation of New York next month.
He is currently Vice President of the Jewish Community Center on Staten Island.
The $ 7.5 million gift is one of the largest known donations of its kind to a charitable institution on Staten Island. In 2007, Wagner College alumni Michael and Margaret Nicolais, class of 1949, donated $ 10 million to the Grymes Hill School.