SUNY Oswego President Deborah F. Stanley announced today (Jan. 17) that the college has received the largest single gift in its 153-year history: a $7.5 million gift from the estate of Oswego County resident Lorraine E. Marano, an education enthusiast.
The gift establishes the Nunzio “Nick” C. and Lorraine E. Marano Endowment, which will be used primarily to fund scholarships for students with financial need, especially those who are first-generation college students.
“Lorraine Marano’s profound understanding of the transformative powers of public higher education is affirmed by this extraordinarily generous gift,” said Oswego President Deborah F. Stanley. “Her gift will help put a college education within reach for many students, fulfilling their hopes and dreams and investing in a better future for all of us, as our graduates forge productive lives in their communities. We are deeply honored by her confidence in establishing the Marano family legacy at SUNY Oswego. It will live on for generations.”
Lorraine Marano openly discussed her admiration for SUNY Oswego and believed the college was worthy of a gift of such magnitude because of the benefits it accords to students through academic programming, committed faculty and staff, and strong, imaginative leadership.
“A highly educated woman, Lorraine believed in the value of education and considered this a gift to the entire community,” noted Theresa A. Sugar Scanlon, a close friend of Lorraine. “Her confidence in President Stanley’s leadership and the extraordinary opportunities that the college provided to its students were instrumental to her decision. She hoped to help keep a college education affordable for all students, especially those who are the first in their families to attend college.”