UBF played key role in con­struc­tion of Ja­cobs School

Univer­sity at Buf­falo Foun­da­tion

The Buffalo News - - OPINION - By Ed­ward P. Sch­nei­der Ed­ward P. Sch­nei­der is ex­ec­u­tive di­rec­tor of Univer­sity at Buf­falo Foun­da­tion Inc. and af­fil­i­ates.

The open­ing of the new build­ing for the Ja­cobs School of Medicine and Bio­med­i­cal Sci­ences at the Univer­sity at Buf­falo, in the heart of the Buf­falo Ni­a­gara Med­i­cal Cam­pus, is a sig­nif­i­cant mile­stone not only for the univer­sity, but for our com­mu­nity and re­gion. Bring­ing the Ja­cobs School down­town will help trans­form health care in the Buf­falo Ni­a­gara re­gion.

The col­lab­o­ra­tion among the var­i­ous stake­hold­ers on the Med­i­cal Cam­pus demon­strates the value of work­ing to­gether for the greater good of our com­mu­nity.

Var­i­ous dig­ni­taries and com­mu­nity lead­ers re­cently gath­ered to cel­e­brate the open­ing of the new build­ing. The board of the Univer­sity at Buf­falo Foun­da­tion (UBF) also joined the univer­sity in cel­e­brat­ing this his­toric mile­stone as it re­in­forces our mis­sion of sup­port­ing and pro­mot­ing the ac­tiv­i­ties and pro­grams of the univer­sity.

One of the most sig­nif­i­cant val­ues that UBF pro­vided for this project was the pri­vate ac­qui­si­tion of the prop­er­ties on which it was built, which kept the project mov­ing for­ward on a timely sched­ule, and thereby also re­sult­ing in sig­nif­i­cantly lower over­all project costs.

UBF board mem­bers take their fidu­ciary re­spon­si­bil­i­ties very se­ri­ously. This in­cludes mak­ing wise in­vest­ments with pri­vate do­na­tions made to UBF for the ben­e­fit of the univer­sity, and stew­ard­ing do­na­tions to en­sure these funds are used in strict ac­cor­dance with the wishes of donors.

These in­vest­ments have lever­aged the best fi­nan­cial terms pos­si­ble, which in turn helps the univer­sity sus­tain and en­hance its growth. For in­stance, over the last 10 years, UBF as­sets have in­creased from ap­prox­i­mately $500 mil­lion to over $1 bil­lion.

Dur­ing this same time­frame, the univer­sity has in­creased its en­roll­ment and a num­ber of cap­i­tal projects have oc­curred, in­clud­ing the open­ing of the new build­ing for the Ja­cobs School of Medicine and Bio­med­i­cal Sci­ences. An­other ex­am­ple is the cur­rent con­struc­tion of the new Murchie Fam­ily Field­house on the North Cam­pus thanks in part to a gen­er­ous do­na­tion from an alum­nus of the univer­sity and other fi­nan­cial as­sis­tance made through UBF.

This tremen­dous and pos­i­tive growth is com­ing at a time when the univer­sity has risen through the rank­ings of var­i­ous na­tional rat­ings of in­sti­tu­tions of higher ed­u­ca­tion. Again, thanks to the generosity of our donors, UBF is sig­nif­i­cantly con­tribut­ing to the univer­sity’s suc­cess.

The fact is that UBF ex­ists for the bet­ter­ment of the univer­sity and to ad­vance the univer­sity’s mis­sion of re­search, schol­ar­ship, ser­vice and ed­u­ca­tional ex­cel­lence, and in turn help­ing the univer­sity ex­pand its rep­u­ta­tion as a lead­ing na­tional and in­ter­na­tional pub­lic re­search in­sti­tu­tion.

The UBF board is ex­tremely proud of our work and in­volve­ment in the Ja­cobs School of Medicine and Bio­med­i­cal Sci­ences at the Univer­sity at Buf­falo. It is a trans­for­ma­tive project that will sig­nif­i­cantly ben­e­fit the Buf­falo Ni­a­gara re­gion for gen­er­a­tions to come.

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