By Jan LaneMost of us want to build generational wealth for our loved ones. This might include naming them in a will or setting up a trust that will create lifetime support.What if I told you we also have an opportunity to build generational wealth for our community and the causes we care about?The Community Foundation’s 5forCNY campaign is all about encouraging every Central New Yorker to invest in the future of the community by providing lasting support for local nonprofits.What does that look like? Endowment.Charities rely on gifts from donors to operate, and those donations can fluctuate over time. Endowments are like a financial safety net for universities, hospitals and nonprofits. Think of an endowment as a giant savings account filled with donations, which gets invested to grow over time. The money earned from these investments helps sustainably fund scholarships, cutting-edge research and crucial community programs.Following are some frequently asked questions about endowments:Q.: Who can establish an endowment fund?Many charities establish endowments to help ensure that their missions stay strong during economic downturns and periods of increased community need. Many individuals, families and corporations also create endowments to provide a sustainable stream of funding for their communities and favorite (more…)
President Peter O. Nwosu and other university leaders recently visited the Micron plant in Boise, Idaho, as well as the College of Western Idaho and Boise State University to learn more about ongoing partnerships with Micron. Taking part in a tour of the Micron plant are, from left, Jeff Binford, senior director, front end U.S. expansion for Micron; Showna Price, director of talent acquisition for Micron; President Nwosu; Mary Canale, vice president for university advancement, SUNY Oswego; Scott Furlong, provost and vice president for academic affairs, SUNY Oswego; Kristin Croyle, dean of SUNY Oswego’s College of Liberal Arts and Sciences; Carmen Archabal, senior manager of the Northwest University Network; and Shawn Siddoway, senior director business operations and workforce development for Micron.
The Oswego County Micron Strategy Steering Committee (OCMSSC) was officially launched in early 2023 shortly after Micron’s historic announcement to invest $100 billion in Central New York over the next 20 years through the creation of a megafab chip plant to be located just over Oswego County’s border in Clay, New York.
The announcement and OCMSSC formation marked the beginning of a transformative journey for our region.
As president of SUNY Oswego and chair of this committee, I am proud to witness the collective efforts driving social and economic mobility and enhancing prosperity in Oswego County and beyond.
OCMSSC, which comprises more than 85 organizations, represents a unique example of public-private sector collaboration to ready a region for growth and to shape a county’s trajectory for generations.
A Collaborative Effort
SUNY Oswego hosted the inaugural annual summit of the Oswego County Micron Strategy Steering Committee on June 11. SUNY Oswego President Peter O. Nwosu, who chairs the Oswego County Micron Strategy Steering Committee, provides a welcome to the work group chairs and members as well as campus and community leaders in attendance.
The work of our steering committee is divided among nine focused subcommittees, each addressing key areas critical to our county’s readiness and development:
• childcare (chaired by Brandy Koproski, Integrated Community Planning, Oswego County)
• economic development (chaired by Austin Wheelock, Operation Oswego County)
• education (chaired by Brian Heffron, CiTi BOCES)
• healthcare (chaired by Billy Barlow, Oswego Health and Oswego’s former Mayor)
• hotel, restaurant and tourism (chaired by Sara Broadwell, Greater Oswego-Fulton Chamber of Commerce)
• housing (chaired by Tim Stahl, Oswego County)
• public and private infrastructure (chaired by Dave Turner, Oswego County)
• transportation (chaired by Deana Michaels, Healthy Alliance, and Heather Snow, Oswego County Office of Mobility Management)
• workforce development (chaired by Rachel Pierce, Workforce Development, Oswego County)
On June 11 this year, OCMSSC held its first annual summit at SUNY Oswego to highlight the achievements of the past year and plans for the future. The committee’s annual report can be found at Oswego.edu/micron.
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