The state of New York has awarded Adelphi University a $1 million Higher Education Capital Matching Grant.
The HECap program is a competitive grant program that provides critical matching funds to campuses, enabling them to build, renovate and renew facilities. The funds from this grant will support residential housing projects and improve student life at Adelphi.
“New York’s 100-plus private, not-for-profit colleges and universities generate $88.8 billion in economic impact annually and support more than 415,000 jobs statewide,” said Mary Beth Labate, president of the New York Commission on Independent Colleges and Universities, on the announcement of the grants. “The HECap program is a perfect example of how private and public partnerships can work together to positively impact all New Yorkers.”
The projects funded with HECap grants create jobs and benefit students, campuses and communities. For every $1 of state funds awarded, colleges and universities match with at least $3 of their own funds.
“Adelphi University is pleased to be one of 13 institutions in New York state to have been granted $1 million for our reinvestment in our campus and facilities,” said University President Christine M. Riordan. “These funds will be critical to our forthcoming work to enhance our residence halls as we continue to provide a world-class academic experience and ensure our students’ success. I am grateful for the support that Adelphi and higher education continue to receive from our representatives in Albany.”
In this round of state grants, 35 private colleges were awarded a total of $21.5 million. In 2018, Adelphi received a $5 million HECap grant to help finance renovation of the Ruth S. Harley University Center.
“This $1 million HECap grant from the state, following the one we received last year, is a powerful testament to Adelphi’s financial strength and operational excellence,” said James Perrino, Adelphi’s executive vice president of finance and administration. “We appreciate the state’s confidence in our ability to utilize these funds to benefit our community.”