The New York Climate Exchange Announces $10 Million Gift from Glenn Dubin and Eva Andersson-Dubin, MD

Pledge will support capital projects, research, and operational activities

The New York Climate Exchange, a first-of-its-kind organization working to implement innovative climate solutions in New York Cityand across the globe, today announced a $10 milliongift from Stony Brook University alumnus Glenn Dubin'78, Hon. '12 and his wife, Eva Andersson-Dubin, MD.

The pledge will be used to support The Exchange's critical capital projects, faculty research, community programs, student activities, and conferences, among other operational activities.

"In its first year of operation, The Exchange has begun to show how our unique partner network can drive forward climate solutions," said Stephen Hammer, chief executive officer of The Exchange. "We're grateful to the Dubin Family Foundation for this very generous gift which will help us dramatically expand the scale of impact we can have on pressing climate challenges and opportunities."

Richard L. McCormick, co-chair of The New York Climate Exchange Board of Directors and interim president of Stony BrookUniversity, added: "The Exchange provides a platform for researchers and experts from multiple disciplines, institutions and nations to come together to tackle one of our world's most pressing challenges. We are incredibly grateful to Glenn and Eva for their partnership and for their investment in the critical work that is taking place in this global hub of education, research, and action."

The eight-figure gift unlocks an additional $10 millionfrom the Simons Foundation's 1:1 matching gift challenge, resulting in a total impact of $20 million.

"The imperative need for collaborative climate solutions grows clearer with each passing day," said Dubin. "With an innovative model leveraging the collective power of education, research, workforce development, policy development, and public programming, along with the continued leadership of Stony BrookUniversity, it is our sincere belief that The Exchange will be a catalyst for groundbreaking innovation in the climate solution space."

The Exchange was selected in April 2023, following a two-year competitive process seeking an educational and research partner to anchor a cross-sector center dedicated to developing and scaling climate solutions for New York Cityand beyond. The Exchange will eventually be housed in a state-of-the-art facility on Governors Island, set to open in 2028.

The Dubin Family Foundation was established in 2002 by Glenn Dubinand his wife, Eva Andersson-Dubin, MD. Based in New York City, The Foundation uses a programmatic focus to fight poverty, provide access to higher education opportunities for first generation students, improve the standard of care for breast cancer patients, advance medical research and support the arts. For more information, visit: https://dubinfamilyfoundation.org/