News

Syracuse University endowment scores big with 8.6% return

Syracuse University’s $1.85 billion endowment returned a net 8.6% for the fiscal year ended June 30, said Scott Kemp, treasurer for the Syracuse, N.Y.-based university. For the three and 10 years ended June 30, the endowment fund returned an annualized net 11.3% and 8.1%, respectively.

For the most recent fiscal year, Syracuse posted the third-highest return among the 39 college and university endowments whose returns have been tracked by Pensions & Investments as of Nov. 8. The median return is 4.4%.

Read the full story with Pensions & Investments.

University to Convert On-Campus Sheraton Hotel and Conference Center to Vibrant Undergraduate Residence Hall

Syracuse University today announced its plans to convert the Sheraton Syracuse University Hotel & Conference Center into a nearly 400-bed, on-campus residence hall. The announcement, which represents the latest step in advancing the vision and strategic priorities of the Campus Framework, follows approval from the University’s Board of Trustees.

Read the full story at Syracuse University News.

Campus Parking Information for Friday, Nov. 3

The Syracuse University football team will host Boston College on Friday, Nov. 3. Kickoff is set for 7:30 p.m. As the game falls on a weekday, some campus lots and garages will be restricted during regular business hours.

Beginning at 3:30 p.m., faculty, staff and students with valid permits who need to access campus for academic reasons will be allowed to park in the University Avenue and Comstock Avenue garages. All Quad and West Campus lots will be restricted beginning at 4 p.m.

Read the full story at Syracuse University News.

Parking Information for Faculty and Staff During 2023-24 Men’s Basketball Games

This academic year, Syracuse University men’s basketball home games are scheduled to occur on weekdays while classes are in session on the following dates:

  • Friday, Oct. 27 vs. Daemen
  • Wednesday, Nov. 1  vs. College of St. Rose
  • Monday, Nov. 6 vs. New Hampshire
  • Wednesday, Nov. 8 vs. Canisius
  • Tuesday, Nov. 14 vs. Colgate
  • Tuesday, Nov. 28 vs. LSU
  • Tuesday, Dec. 5 vs. Cornell
  • Tuesday, Jan. 23 vs. Florida State
  • Wednesday, Feb. 7 vs. Louisville
  • Tuesday, Feb. 27 vs. Virginia Tech

Read the full story at Syracuse University News.

Emergency Repair of Steam Line on Comstock Avenue Scheduled This Week

Facilities Services, CenTrio Energy and a local contractor have begun an emergency repair of the steam line located on the west side of Comstock Avenue just north of the intersection at Euclid Avenue.

During the repair, there are no planned interruptions to building utility services in the area (domestic water, sewer, power or communication). However, the work will require a closure of a section of sidewalk and detour of pedestrian traffic at the two adjacent crosswalks to the east side of Comstock. Additionally, flaggers may be periodically provided should portions of the vehicular travel lane be required to complete the work. The work began on Monday, Oct. 9. The entire repair, including restoration, is expected to be completed this week.

Read the full story at Syracuse University News.

New LED Lights Installed in the Lally Athletics Complex Arena

New LED lighting fixtures are shining bright in the John A. Lally Athletics Complex arena. Over the summer, nearly 300 fixtures were replaced with roughly 150 LED lights, helping improve lighting quality and save energy.

The arena lights run over 6,000 hours annually, which is equivalent to over 250 days. By using more efficient LED fixtures, the amount needed to light the arena has been nearly halved. This project will help the University reduce its carbon footprint by roughly 141 metric tons of carbon dioxide equivalent (CO2e) each year. CO2 equivalent is a metric used to compare and understand the impact of emissions from various greenhouse gas emissions based on their global warming potential. 141 metric tons of CO2e is equivalent to the emissions from over 100,000 pounds of coal burned.

Read the full story at Syracuse University News.

What to Expect With the Link Hall Renovations

Machinery and power tools echo throughout Link Hall as construction workers bustle about the building. Since the spring of 2022, Link Hall has been undergoing renovations, and big changes are on the horizon.

Bruce Molino, director of space management and strategic initiatives in the College of Engineering and Computer Science (ECS), believes these renovations will transform Link Hall into a welcoming space that fosters collaboration.

Read the full story at Syracuse University News.

New Communications Unit Established, Will Combine Resources from BFAS and Auxiliary Services

In recognition of the historically close ties and frequent crossover between Business, Finance and Administrative Services (BFAS) and Auxiliary Services, the two divisions are launching a joint communications unit, combining the marketing and communications resources from each division.

The new unit will be led by director of communications Jennifer DeMarchi, who will now report to both Senior Vice President and Chief Financial Officer Brett Padgett and Senior Vice President and Chief Operations Officer John Papazoglou.

In addition to her new responsibilities with Auxiliary Services, DeMarchi remains the primary point of contact for all marketing and communications needs for the units within BFAS, including Campus Facilities, Administration and Services, the Comptroller’s Office, the Office of Institutional Risk and Audit Management, the Office of Budget and Planning, the Office of the Treasurer, and Real Estate and Asset Management.

Abby Haessig, previously the Auxiliary Services marketing manager, will move into the role of assistant director of marketing and communications, supporting both BFAS and the units within Auxiliary Services. The unit will also include marketing managers Hannah Redmond (Campus Store) and Keone Weigl (Food Services), who will continue to provide marketing and communications support to their respective departments.

BFAS and Auxiliary Services interact on a regular basis, and in fact, several units now housed within BFAS were previously under the Auxiliary Services umbrella. Establishing a cohesive communications team will allow for coordination between the divisions on shared areas of interest. In addition, the new unit will follow the lead of the University’s Division of Marketing, and establish a renewed focus on consistent messaging, design, and branding across all platforms.

As before, all staff members in both divisions should continue to reach out to members of the communications unit for all marketing and communications needs: publications, presentations, digital tools, websites, print and promotional materials, SU News communications, social media, and all internal and external communications, including media requests.

Anyone with questions should contact Jenn DeMarchi at jmhorv01@syr.edu.

Christine Stallmann Named University’s Chief Compliance Officer

Christine Stallmann has been named the University’s chief compliance officer. The position, which will report directly to Senior Vice President and Chief Financial Officer Brett Padgett in the Division of Business, Finance and Administrative Services, is a key component of the University’s coordinated risk assurance efforts. Stallmann is responsible for oversight and coordination of the University’s compliance program.

She brings nearly 30 years of professional experience in compliance, privacy, policy development, insurance, environmental health and safety, and risk management to Syracuse. She led compliance and risk services at Cornell University for over 15 years, and most recently held the position of chief compliance and privacy officer at the institution.

Read the full story at Syracuse University News.