the Arts. Also on campus is the Latin American and Caribbean Studies Center's Art Gallery, which features works from Latino and Latin American artists as well as local artists who fall under that category. The SAC Art Gallery is a center for interactive and participatory art projects. The Tabler Center for Arts, Culture, and Humanities includes an art gallery and blackbox theater performance space. The Simons Center for Geometry and Physics includes an art gallery as well. Organization and administration The Stony Brook University consists of a main campus in Stony Brook, and additional satellite campuses in Southampton and South Korea. The university is composed of twelve schools and colleges. By enrollment, the largest college or school is the College of Arts and Science. The university is governed by the State University of New York board of trustees, a body of eighteen members which regulate all the individual units of the SUNY system. The trustees have the authority to appoint the president of each state-operated institution, grant all degree diplomas and certificates for the completion of studies at any state-operated campus, and regulation of admissions, tuition, curricula, and all other matters pertaining to the operation and administration of each state-operated campus. The president of Stony Brook is the principal executive officer of the university. The position was first held by John Francis Lee and is held by the sixth president in the institution's history, Maurie McInnis, who took office on July 1, 2020. Endowment Stony Brook's financial endowment is managed by the Stony Brook Foundation. The foundation was established in 1965 as a not-for-profit corporation under the New York State Education Law. Chartered to collect and manage gifts from private and non-state resources to supplement the funding of the university and managed by a voluntary Board of Trustees. Donations can be made to a wide selection of funds which benefit different areas of the university. In 2012 the endowment was valued at approximately $125 million with total assets amounting to nearly $350 million and has fully recovered from the losses endured in the 2008 economic downturn. After a strong fundraising campaign led by Jim Simon's $150 million donation, the university amounted to more than $180 million in fundraising for the 2011-12 year and raised $200 million by March 2013. It is the second largest endowment among State University of New York university centers behind the University at Buffalo. However, the