Yet alumni have struggled to raise an endowment like those at other top U.S. schools. The closest was an effort begun in 1999, called Campaign for Stuyvesant, that over the years managed to raise about $4.5 million, on its way to a $12 million goal.
It never made it. Today, all that’s left is about $330,000. Alumni, including members of a group called Concerned Stuyvesant Alumni, want to know where it went.
https://www.bloombergquint.com/markets/elite-new-york-high-school-grads-ask-where-d-the-4-million-go