Institute for Advanced Study Successfully Concludes $212 Million Campaign

The Institute for Advanced Study has successfully completed the $212 million Campaign for the Institute, propelled by the $100 million challenge grant from the Simons Foundation and the Charles and Lisa Simonyi Fund for Arts and Sciences, launched on January 1, 2011. An additional $112 million in support has been raised over the past four-and-a-half-years, which renews the Institute’s financial foundation and further strengthens its impact as one of the world’s beacons for curiosity-driven research.

“We are invigorated by this endorsement of our mission and express our gratitude as we continue to develop and grow our community of engagement and support for the Institute,” said Robbert Dijkgraaf, Institute Director and Leon Levy Professor.

“We are immensely grateful to the generous benefactors who responded to the challenge and shared in the Institute’s mission to provide a critical platform and environment for future breakthroughs,” said Charles Simonyi, Chairman of the Institute’s Board of Trustees and Chairman and Chief Technology Officer of Intentional Corporation.

James Simons, Member (1972) in the School of Mathematics who serves as Vice Chairman of the Institute’s Board of Trustees, founder of Renaissance Technologies and Chairman of the Simons Foundation added, “The success of the Campaign reinforces the long-term stability of the endowment, allowing the Institute to operate at the highest level and sustain the freedom to pursue curiosity-driven research.”

In addition to the outstanding support provided by its Board of Trustees, the Institute received record-setting contributions from its former scholars, Faculty, Staff, the Friends of the Institute and foundations. More than 1,600 supporters participated, residing in 38 countries, with over 800 new donors among them.

The total $212 million given during the course of the Campaign impacts the Institute in a variety of ways. $149 million helped to strengthen the financial core of the Institute and endowed the Directorship, three Professorships, twelve Memberships and the Academic Innovation Fund. An additional $43 million was raised for the Institute Fund for operating support and outreach programs such as the Park City Mathematics Institute Teacher Leadership Program and the National Math Festival. Additionally, a $20 million gift will support the creation of a commons building, which will greatly enhance the Institute’s role as a convener of academic thought and activities across the sciences, humanities and social sciences.

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