Farmingdale State College (FSC) proudly announces the creation of the Murray Pasternack
’60 Student-Managed Investment Fund, thanks to a $750,000 donation from alumnus Murray
Pasternack and his partner, Judy Berkowitz.
The donation will fund the FSC Student-Managed Investment Fund and establish the Murray
Pasternack ’60 Finance and Trading Room, featuring advanced technology such as 16
Bloomberg Terminals, stock ticker displays, and subscriptions to Barron’s & MarketWatch.
Pasternack, reflecting on his successful career, expressed his desire to support FSC,
saying, "I want to give back to the school that greatly contributed to my success."
FSC President John S. Nader, PhD, praised Pasternack’s continued support, noting its
significant impact on the college’s ability to offer transformative opportunities
to its students. Matthew Colson, FSC vice president for development, highlighted how
the fund will enhance students' education in security analysis and portfolio management.
Under faculty guidance and an advisory council, students will manage the $500,000
portfolio of the new fund, gaining practical experience in asset management and equity
research.
The Murray Pasternack ’60 Finance & Trading Room will simulate a professional trading
environment, equipped with advanced financial tools and real-time data, including
stock market ticker displays provided by Rise Display, Inc. The fund will also grant
students access to top financial education resources like Barron’s & MarketWatch,
aiming to deepen their financial knowledge and career prospects.
Pasternack, a 1960 FSC graduate and former CEO of Pasternack Enterprises, has previously
donated significantly, including a $1.4 million gift for Lupton Hall's new lab and
$1 million for the FSC Honors Program. Reflecting on his contributions, Pasternack
said, "It’s fulfilling to see how our support benefits students and enhances their
education."
