A recent gift by Tracey and Ken Pontarelli ’92 endows the Pontarelli Professorship in the Maxwell School of Citizenship and Public Affairs.
Ken Pontarelli ’92 credits the University for changing his life, opening up opportunities to pursue his passions and achieve professional success that allows him to focus on the public good. In return, he and his wife, Tracey, are paying it forward by supporting Syracuse students pursuing meaningful careers in the vital field of sustainability. Their recent gift endows the Pontarelli Professorship in the Maxwell School of Citizenship and Public Affairs. It builds on their years of support that have helped position the University as a thought leader in sustainability. As part of the Forever Orange Faculty Excellence Program, the University has committed additional funds to support teaching and research activities in environmental sustainability, finance and public policy.
“Our goal is to build a sustainability program that ties together distinctive strengths from across the University, allowing business, policy and environmental science to work together to solve problems and tackle global challenges,” says Pontarelli. They are well on their way, thanks to previous support from the Pontarellis that initially created a five-year funded professorship in 2019 and a scholarship fund in the Martin J. Whitman School of Management, and helped create a unique master of science joint degree from the Maxwell and Whitman schools in sustainable organizations and policy, and the Dynamic Sustainability Lab.
“When I started (in 2022), Syracuse University was ranked No. 11 nationally for environmental policy and management by U.S. News & World Report,” says Jay Golden, Pontarelli Professor of Environmental Sustainability and Finance. “Each year our rankings have increased, and the most recent 2024 rankings have us tied with Harvard for No. 6. Certainly, our goal is to continue to rise in the rankings through the recognition of our peers of all the great programs we have going on at Maxwell and the other colleges at Syracuse.”
Pontarelli graduated from the University with a bachelor of science in finance from the Whitman School and in economics from the Maxwell School. He immediately began what became a long career at Goldman Sachs, initially focusing on energy markets. “We made one of the first large-scale investments into renewable power back when few such investments were being made,” says Pontarelli. “As I gained more understanding of the field, I realized how critical private capital is, together with government policy, in addressing environmental issues. The business case for investing in sustainability is incredibly strong.”
In an interview with Private Equity International (November 2023), Pontarelli pointed out that sustainability was just a niche market with $20 billion of assets under management just 10 years ago and ballooned over the decade to more than $270 billion of assets under management.
At Goldman Sachs, where Pontarelli is partner and managing director, he leads the firm’s private equity impact investing efforts within the Asset Management Division. He was appointed to the University’s Board of Trustees in 2021, serves on the Whitman Advisory Council and, last year, was awarded the Centennial Luminary Award for Sustainability by Maxwell. His investments in academic and experiential programs are designed to ensure that environmental policy research is well-grounded in an understanding of markets and financial mechanisms.
“This is a pivotal time,” says Pontarelli. “There are so many things that could be done if we don’t get caught up in political issues. Everyone would agree that these are common sense business things to do.” He cites the example of one recent investment in a company that provides control panels to big data centers to manage power generation usage. The product can reduce usage by 10% for the average data center. “I’m focused on pragmatic solutions.”
That’s why Pontarelli is so impressed with the work being done by students in the Dynamic Sustainability Lab which, according to Golden, is “a nonpartisan think tank and research lab focused on examining sustainability imperatives at the nexus of industry and government.” The lab launched in 2021 with just six students.
“From that early start we have maintained every semester 40 to 50 paid undergraduate and graduate sustainability research fellows spanning almost every college across the University,” Golden says. “In fact, we have more students interested than we can currently financially support or mentor with our current staffing levels. Not a week goes by that I don’t receive numerous emails from students interested in joining the lab.”
It’s easy to see why students are so interested. They are doing what Pontarelli calls “eye-popping work” in partnership with industry or government, and he hopes to inspire more philanthropic support so that more students can participate. Golden cites a few examples:
The new joint master’s degree from Maxwell and Whitman, supported by the Pontarellis and directed by Golden, offers an intensive professional sustainability consulting course each spring through the lab, in which students work in project teams to provide high-level research and consulting to public and private organizations, including Fortune 500 global companies and smaller start-ups domestically and globally.
“I am grateful to Ken and Tracey for continuing to promote the values of high-quality teaching, experiential learning, evidence-based research, engaged citizenship and public service impact, which we hold dear at the Maxwell School,” says Dean David M. Van Slyke. “This professorship, endowed in their name, will make certain their commitment to climate, energy and environmental sustainability and working across levels of government and sectors of the economy continues to be a hallmark of the instruction and scholarship the Maxwell School pursues in preparing future leaders that seek to promote the public good.”
Golden says that “we have an incredible job placement rate for students even before they graduate” with organizations as diverse as Morgan Stanley, KPMG, the State of New York and the Department of Defense. “They stand out in the job market because they have learned to take theory from the classroom and apply it in the real world, with plenty of opportunities to do the work thanks to Ken and Tracey Pontarelli,” Golden says.
“We want students to get excited about careers in the sustainability field,” Pontarelli says. “It’s purposeful, meaningful work as they become problem-solvers who can change the world.”
