Graduate Center Foundation Housing Corporation LIC

The Graduate Center Foundation Housing Corporation LIC is a non-profit organization established in 2012. It operates under the auspices of the CUNY Graduate Center and aims to provide affordable housing solutions for graduate students and their families at The City University of New York (CUNY).

Purpose and Activities

The organization is part of the broader mission to support the educational goals of CUNY Graduate Center students by creating accessible housing options. It aligns with the Graduate Center's objectives by facilitating students' ability to focus on their studies without the burden of high living costs.

Structure

The Graduate Center Foundation Housing Corporation LIC is a subsidiary of the Graduate Center Foundation, an independent not-for-profit entity established in 1983. The parent organization focuses on promoting and safeguarding the success of the CUNY Graduate Center through various initiatives, including student housing, career planning, and collaborative research.

Financial Status

The organization is a tax-exempt entity under Section 501(c)(3) of the Internal Revenue Code. It manages financial operations in line with its purpose, although specific financial details regarding its operational budget or assets are not readily available in the public domain.

Real Estate Holdings

As of the latest information, the Graduate Center Foundation Housing Corporation LIC owns vacant property in Long Island City. However, it has abandoned plans to build a residence there, indicating potential shifts in its strategic objectives over time.

Relationship with CUNY Graduate Center

The organization plays a vital role in supporting CUNY's commitment to enhancing the educational experience of its graduate students by addressing one of their most pressing needs—affordable housing. This aligns with the broader goals of The City University of New York in fostering academic success and community development.