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University of Rhode Island exceeds $300 million campaign goal ahead of schedule

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University of Rhode Island exceeds 0 million campaign goal ahead of schedule


KINGSTON, R.I.—June 3, 2024—The University of Rhode Island has surpassed its elevated campaign goal of $300 million ahead of the official end date of June 30, 2024. Conducted by the URI Foundation & Alumni Engagement (URIFAE),  Big Ideas. Bold Plans. The Campaign for the University of Rhode Island, a comprehensive effort to advance the University through philanthropic gifts, was publicly launched in 2020 with an initial goal of $250 million. More than 34,000 individuals, including alumni, family, friends, faculty, staff, corporations, and foundations contributed in large and small amounts to reach the goal.

“The tremendous success of this campaign is proof of what we can do when we work together,” said URI President Marc Parlange. “The University of Rhode Island’s students, faculty, and staff are exceptionally hard-working, talented, and innovative, and thanks to this effort, we can provide them with what they need to make a difference here on campus, in our community, and around the world.”

“The University of Rhode Island was foundational to my career,” said Alfred J. Verrecchia ’67, MBA ’72, Hon. ’04, current chair of the URIFAE Board of Directors, “and because of this campaign, today’s generation of students will find new opportunities to succeed. I am grateful to everyone who supported this effort and to all of those who continue to be involved. This is a significant achievement, but we are not done yet.”

An extensive planning process involving alumni, volunteer leaders, faculty, and staff defined a strategic effort that spanned five pillars: student access, the URI learning experience, transformative faculty leadership, innovative and distinctive programs, and strategic opportunities.

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“URI has advanced significantly in recent years with the support of alumni and the state,” said Margo Cook ’86, chair of the URI Board of Trustees. “We are executing on our vision and strategy to provide excellent educational opportunities, advance our research mission, and grow as Rhode Island’s premier higher education institution.”

“During the planning phase, we saw this as a chance to elevate the whole University,” said Thomas M. Ryan ’75, Hon. ’99, who was chair of the URIFAE Board of Directors at the campaign’s launch. “The achievements made possible by this campaign have inspired students and faculty and brought well-earned recognition to the exceptional quality of our teaching, research, and athletics programs.”

The campaign has set historic marks for URI in terms of overall participation as well as transformative individual gifts. Some of the highlights include:

  • Thomas M. Ryan ’75, Hon.’99 and his wife Cathy Ryan made a $35 million gift to expand research and teaching capacity in neuroscience, create a scholars program to attract high-performing students, and support athletics.
  • Alfred J. Verrecchia ’67, MBA’72, Hon.’04 and his wife Geraldine Verrecchia made a $15 million gift in support of the College of Business that creates a scholarship for high-achieving students, a fund for students pursuing competitive internships, a faculty chair as well as a professorship in artificial intelligence and business analytics, and an emerging technology fund.
  • Michael D. Fascitelli ’78, Hon. ’08 and his wife Elizabeth C. Fascitelli made a $10 million gift for advanced equipment and dean’s priorities in the College of Engineering.
  • S. Kent Fannon ’74 and Diane Chace Fannon ’74 made a $6 million gift to advance the renovation of Ballentine Hall and support the Center for Student Success at the College of Business.
  • $8 million in campaign gifts from Richard J. Harrington ’73, Hon. ’02 and his wife Jean Harrington supported the renovation of Ranger Hall and other priorities for the Harrington School of Communication and Media.
  • More than 22,000 individuals gave varying gifts to RhodyNow, providing immediate-use funding for the University’s most timely priorities.

As a result of these gifts and many others, URI has raised more than $71 million for financial aid, brought in cutting-edge scientific equipment, built and renovated classrooms and labs for enhanced teaching and learning, upgraded athletics facilities, expanded experiential learning opportunities for students to launch their careers, and more.

“The campaign has really accelerated growth across the University,” said Richard J. Harrington ’73, Hon. ’02, campaign chair. “Along with helping students and faculty, it brings recognition to the areas where URI already excels while helping newer programs scale up.”

During the campaign, the University has seen its global profile rise while also receiving substantial investment from the state through increased allocations in the budget. In the same timeframe, URI received voter approval for two state bonds, one that supports renovations and construction on the Fine Arts Center and one for improvements to the Narragansett Bay Campus.

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“This is the biggest campaign in URI’s history, and what we have achieved is remarkable,” said URIFAE President Lil Breul O’Rourke. “I want to thank our extraordinary community of alumni and friends who got involved, attended events, offered their support, and who altogether embody Rhody pride. Together, we are transforming URI into a leading global research institution driving positive social, cultural, and environmental change.”  

The campaign will continue through its planned end date on June 30, 2024. While the achievements of the campaign elevate URI to a new tier among flagship public research universities, it also lays the foundation for continued growth and improvement for years to come.



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Rhode Island

Rhode Island Begins Notifying Residents Impacted by RIBridges Data Breach – Newport Buzz

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Rhode Island Begins Notifying Residents Impacted by RIBridges Data Breach – Newport Buzz


Rhode Island Governor Dan McKee announced today that the state has begun mailing letters to individuals affected by a cyberattack on the RIBridges database. The letters, sent on January 10, confirm that personal data belonging to recipients—or individuals in their care—was accessed by cybercriminals.

In an effort to protect those impacted, the state is offering five years of free credit monitoring through Experian. Each letter contains an activation code and instructions for enrolling in the service. Affected individuals must sign up online or via phone by April 30, 2025, to take advantage of the offer.

“We understand the concerns this breach has caused for our residents,” Governor McKee said in a statement. “We appreciate everyone’s patience as these letters are delivered.”

The letters, bearing the official State seal in the upper left corner, may take several days to arrive. Individuals with questions can contact the RIBridges Data Breach Hotline at 833-918-6603. The hotline operates Monday through Friday from 9 a.m. to 9 p.m., and Saturday through Sunday from 11 a.m. to 8 p.m.

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State officials emphasized that Deloitte, the company managing the RIBridges system, is still reviewing the breached files. Additional letters may be sent in the future if more affected individuals are identified.

Residents who have not received a letter and do not have an activation code cannot be enrolled in the free credit monitoring service at this time, officials clarified.

The breach, which exposed sensitive personal data, has sparked widespread concern. State leaders are urging residents to remain vigilant and take steps to monitor their credit and financial accounts.

 

 

 

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Budget Breakdown: Is This $590K Rhode Island Home “Too California?” Not for Its Owners

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Budget Breakdown: Is This 0K Rhode Island Home “Too California?” Not for Its Owners


While Lauren and Ryan Tracy were visiting his parents in Newport, Rhode Island, over the winter holidays in 2023, the couple’s then-toddler daughter, Renny, needed a car nap. Driving around Jamestown on the adjacent Conanicut Island, the San Diego family toured a dilapidated 1950s cottage for sale. Though the small home had “zero curb appeal” and a distinct cat-like smell, it did have an ocean view from the backyard, says Lauren. The price was also attractive: $265,000, a far cry from the overinflated California market they were used to. Having renovated several homes before with their design-build company, Shelter Residential, it was easy for the Tracys to imagine it as their next project: a summer home for their growing family (which now includes new baby Lottie and miniature bull terrier, Hank), located just 15 minutes away from the grandparents.



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R.I. Senate panel advances appointment of inaugural Life Science Hub CEO • Rhode Island Current

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R.I. Senate panel advances appointment of inaugural Life Science Hub CEO • Rhode Island Current


Almost a year after its inaugural meeting, the Rhode Island Life Science Hub has nearly cemented its hire of a full-time president and CEO, receiving the rubber stamp of the Rhode Island Senate Committee on Finance in a hearing Thursday.

The committee’s unanimous vote advances the appointment of Dr. Mark Turco to the full R.I. Senate, which has scheduled the final confirmation vote for Jan. 21, Greg Paré, a Senate spokesperson said in an email.

Finding a full-time president to lead the nascent life science agency and complement the work of its 15-member, volunteer board of directors, has been a priority since the board’s first meeting in January 2024. But finding that person took longer than expected, with the board finalizing a three-year contract with Turco in December. 

The extra time ended up benefiting the search, said Neil Steinberg, chairman of the agency’s board of directors.

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“One of the things we found is that, as we got delayed, the more qualified candidates we had because people knew what we’re about,” Steinberg said in remarks to lawmakers Thursday. 

Turco’s confirmation by the Senate — required under the state budget article that created the agency — is the “seminal event” for the Life Science Hub, Steinberg said.

“We got a very smart person to head this and we’re excited about that,” Steinberg said. “He had the most breadth of experience to bring to the table. And, his wife was from Pawtucket.”

Turco, a Philadelphia native who relocated to Rhode Island 12 years ago, highlighted his 25 years of experience in the medical and research industry, starting as a cardiologist, with stints in academia, research and as CEO of two startup businesses. He was plucked from a pool of more than 300 candidates through a nationwide search, led by a professional consulting firm enlisted by the Hub board.

“We are here so we can impact lives,” Turco said. “We can improve health and well being in Rhode Island and beyond. We can also create jobs and grow our economy.”

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Establishing Rhode Island as a hub for medical and scientific research and entrepreneurship, similar to Cambridge and Worcester in Massachusetts, has been a top priority for lawmakers and industry leaders. While the Ocean State doesn’t have the name recognition in life sciences that its Commonwealth counterpart enjoys, Turco insisted the foundational pieces — a skilled workforce, academic and health care institutions, and a spirit of innovation — were already in place.

“Rather than the state being a series of silos, we hope to be the conveners,” Turco said. “Innovation is a team sport and that’s how we will succeed in our efforts.”

Lawmakers peppered Turco with questions during the 45-minute hearing, seeking clarity on his short and long-term goals for the agency, and spending plans. The state’s fiscal 2024 budget allotted $45 million to the agency, part of which will cover Turco’s $400,000 annual salary.

“We’re spending taxpayer dollars here,” Sen. Lou DiPalma, Senate Finance chairman and a Middletown Democrat said. “We will need to see ‘Here’s the why.’”

Turco also pledged to seek additional funding, including establishing a venture fund to accept private investments and an incorporated 501(c)(3). But he will also be making an ask of lawmakers in the state budget that starts July 1, though he did not say how much.

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Steinberg highlighted the accomplishments the agency has achieved so far. Chief among them: Inking agreements with project partners to open a first-of-its-kind state wet lab incubator space within the new state public health laboratory in the I-195 Redevelopment District. The $16 million, 30,000-square-foot incubator space is expected to open in December 2025.

If approved by the full Senate, Turco will serve a three-year term as Hub CEO, expiring Jan. 15, 2028.

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