UBF played key role in construction of Jacobs School
University at Buffalo Foundation
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.