Yardi Systems Establishes College of Business Scholarship Program

Property management software company Yardi Systems is investing in the future of Stony Brook University College of Business students through its scholarship program.

The scholarship will support a total of eight College of Business students over the next four years, creating a Yardi Scholar Cohort at Stony Brook. The four-year scholarships will support each student throughout their undergraduate career at Stony Brook. 

Stony Brook University is among 28 colleges and universities for the 2024-25 school year that Yardi is partnering with to increase students’ academic successes, retention rates and graduation rates. According to Yardi, the scholarships are designed for first-generation college students who are studying business, accounting or computer science.

“Yardi recognizes that a college degree can be life-changing, especially for first-generation scholars, and we are excited to support College of Business students at Stony Brook and help them achieve their goals,” said Jay Shobe, Yardi’s senior vice president.

Yardi Scholarship inaugural recipients Tajeira Thomas and Salvatore Ippolito (center) with Yardi regional recruiters Ashley Salmon (left) and Spencer Bryant (right).
Yardi Scholarship inaugural recipients Tajeira Thomas and Salvatore Ippolito (center) with Yardi regional recruiters Ashley Salmon (left) and Spencer Bryant (right).

Yardi representatives have met with the two inaugural recipients, Tajeira Thomas and Salvatore Ippolito, on campus. Both students said it is an honor to have the support of Yardi as they navigate their academic careers at Stony Brook. “The scholarship has allowed me to focus on my studies and has alleviated the stress of worrying about paying for college,” said Thomas, who is studying business management with a minor in accounting. Her interest in real estate started in high school when she enrolled in the NYCHA Real Estate Scholars program at the NYU School of Professional Studies. “For me, it was fun to learn about the history of some of the sites in New York City,” Thomas said. “I really loved looking at a plot of land and considering its development possibilities.”

Thomas added that the scholarship made it possible for her to participate in several extracurriculars on campus, including the rugby club, which she would not have been able to do otherwise if she’d had to work to pay for her tuition. In addition, Thomas said, “My hard work paid off my freshman year, as I was accepted into the Business Honors program.” 

Ippolito, who is also studying business management, with a potential focus on finance or operations management, echoes the sentiments of Thomas. “I was extremely humbled when I was awarded the Yardi scholarship,” he said. “It gave me the confidence to step outside of my comfort zone and explore new opportunities on campus with the College of Business and the University Scholars Program.” Ippolito’s interests range from real estate and finance to law and entrepreneurship. “I love the idea of building and selling homes from an architectural, financial, legal, and interior/exterior design standpoint. Additionally, I’m inspired by the idea of working with consumers to give them a lifelong home, built from the ground up to their desired taste,” he said.

“I’m thrilled that Yardi Systems has chosen to support a cohort of scholars in the College of Business,” said the college’s dean, Haresh Gurnani, PhD. “These investments in our students allow us to provide an accessible business education that prepares and equips the future business leaders of New York and beyond while increasing our social impact.” 

About Yardi Systems

Yardi Systems develops property management software for real estate companies across the world. The software includes accounting, operations and ancillary services for both residential and commercial portfolios. In the 2023-2024 academic year, Yardi partnered with 20 colleges and universities, including Stony Brook, across the United States and Canada to provide scholarships to first-generation students. Yardi’s motto is to “take care of our clients, take care of our employees, take care of our communities, stay focused and grow.” Yardi wants to give students opportunities and support to be able to succeed at the university, graduate and have careers that excite them.

– Christine McGrath

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