NYC Semester Funded for 10 Years

 

St. Lawrence Community Members:

St. Lawrence University’s New York City Semester, which allows students to study and participate in internships in finance and the arts, will have sufficient support for at least 10 years because of the generous gifts of more than 20 alumni totaling $4 million.

The program is now in its inaugural semester, with 14 students living and studying in New York. Start-up funding came from St. Lawrence graduates John ’63 and Judy Hart Angelo ’64, New York residents who also made a matching-funds pledge of $1 million.

The “match” for the Angelos’ gift came from trustees, alumni, parents and a portion of the bequest of Class of 1948 graduate Marcia Dawson, who died in 2010 and whose estate included an unrestricted gift to the University. A portion of that gift will be used as the match, bringing total fundraising, including gifts from other alumni, to $4 million, which will ensure that the program continues through 2022.

In memory of  Ms. Dawson’s devotion, the key leadership position for the program will be named the Marcia Dawson ’48 New York City Semester Director.  The Board of Trustees voted this recognition at its meeting last weekend.

We are extremely grateful for the confidence and belief in this innovative program made possible by generous alumni.  John and Judy Angelo have been an inspiration and first saw the opportunities a highly distinctive program in one of the world’s great cities would provide for students. The entire Laurentian community rejoices at today’s achievement.

Students in the New York City Semester are housed at the 92nd Street Y, and spend three days each week at internship positions with finance and arts organizations; the internships have been arranged through St. Lawrence graduates. Students also take classes and participate in field trips to historic sites, galleries, museums and landmarks in the city. Associate Professor of Economics Peter FitzRandolph is the program’s academic architect and its first director.