University At Buffalo Foundation Inc

Organization Overview

University At Buffalo Foundation Inc is located in Buffalo, NY. The organization was established in 1963. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University At Buffalo Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, University At Buffalo Foundation Inc generated $45.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $66.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE UNIVERSITY AT BUFFALO FOUNDATION, INC. IS TO SUPPORT AND PROMOTE THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY AT BUFFALO, STATE UNIVERSITY OF NEW YORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT FUNDS MADE AVAILABLE TO A UNIVERSITY AT BUFFALO FOUNDATION, INC. AFFILIATE TO FURTHER THE EDUCATION MISSION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO. THESE FUNDS ARE THE RESULT OF GIFT REVENUES AND SPENDABLE AMOUNTS GENERATED THROUGH THE INVESTMENT OF THE LONG-TERM PORTFOLIO. THE FUNDS ARE ADMINISTERED SUBJECT TO DONOR RESTRICTIONS AND THE UNIVERSITY'S NEEDS.


INVESTMENTS ARE MANAGED UNDER THE SUPERVISION OF UBF'S BOARD INVESTMENT COMMITTEE. MORE THAN SIXTY PROFESSIONAL INVESTMENT MANAGERS CURRENTLY SHARE IN THE ADMINISTRATION OF THE PORTFOLIO, WITH PERFORMANCE MONITORED BY THE TRUSTEES. INCLUDED IN THIS TOTAL ARE CERTAIN INVESTMENTS, KNOWN AS THE LONG-TERM PORTFOLIO AS WELL AS OTHER SMALLER INVESTMENT POOLS HAVING A MARKET VALUE OF $1,325,603,314 AT JUNE 30, 2021. THE PERFORMANCE OF THE PORTFOLIO IS ESSENTIAL TO THE EDUCATION MISSION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO.


UBF PROVIDED ADVICE AND COUNSEL REGARDING PHILANTHROPY AND FUNDRAISING, AND PROCESSED AND MANAGED GIFT REVENUES ON BEHALF OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO TO SUPPORT THE EDUCATION MISSION OF THE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory Bauer
Chair/trustee
$0
Jean Powers
Secretary/trustee
$0
Edward Schneider
Executive Director
$0
Robert Denning
Treasurer/trustee
$0
Gregg Fisher
Trustee
$0
Claudia Fosket
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mercer Associates
Invst. Consultant
$798,420
Hig Capital
Asset Management
$690,625
Silchester International Investors
Asset Managment
$403,386
Aurelius Capital International Ltd
Asset Managment
$177,921
Thompson Street Capital Partners
Asset Management
$180,000
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$25,531,445
Investment income $10,193,284
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,172,215
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,943,366

Grants Awarded

Over the last fiscal year, University At Buffalo Foundation Inc has awarded $171,142,140 in support to 6 organizations.

Grant RecipientAmount

UB FOUNDATION ACTIVITIES INC

Org PageRecipient Profile

Buffalo, NY

PURPOSE: EDUCATION SUPPORT

$55,783,380

UB FOUNDATION ACTIVITIES INC

Org PageRecipient Profile

Buffalo, NY

PURPOSE: EDUCATION SUPPORT

$55,783,380

UB FOUNDATION ACTIVITIES INC

Org PageRecipient Profile

Buffalo, NY

PURPOSE: EDUCATION SUPPORT

$55,783,380

UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR INC

Org PageRecipient Profile

Buffalo, NY

PURPOSE: EDUCATION SUPPORT EDUCATION SUPPORT

$1,264,000

UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR INC

Org PageRecipient Profile

Buffalo, NY

PURPOSE: EDUCATION SUPPORT EDUCATION SUPPORT

$1,264,000

UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR INC

Org PageRecipient Profile

Buffalo, NY

PURPOSE: EDUCATION SUPPORT EDUCATION SUPPORT

$1,264,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 48 grants that University At Buffalo Foundation Inc has recieved totaling $3,476,140.

Awarding OrganizationAmount
Suny Impact Foundation Inc

New York, NY

PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS

$1,719,001
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$397,300
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$353,287
Community Foundation For Greater Buffalo Inc

Buffalo, NY

PURPOSE: UNRESTRICTED USE; UB DEPT OF ANTHROPOLOGY; GRAMMOSTOLA SPATULATA FUND; LIGHTHOUSE CLINIC; DEPT OF JEWISH THOUGHT; RESEARCH TECH AT ALZHEIMER'S DISEASE AND MEMORY DISORDERS CENTER; JACOBS SCHOOL OF MEDICINE SCHOLARSHIP; SCHOOL OF MGMT RAND PROGRAM IN INTERNATIONAL STUDIES; DEPT OF SURGERY CHAIR OR VISITING PROFESSOR; DEPT OF OPHTHALMOLOGY; SCHOOL OF LAW; SCHOLARSHIPS FOR DEPT OF MECHANICAL ENGINEERING AND SCHOOL OF ENGINEERING; DEPT OF ORTHOPAEDIC SURGERY SPORTS MEDICINE EDUCATION AND RESEARCH; MEDICAL AND DENTAL SCHOOL SCHOLARSHIPS; MARSHALL FAGIN ENDOWMENT FUND; CHERYL GOBETTIE HOFFMAN MEMORIAL SCHOLARSHIP IN MUSIC; UB SCHOOL OF ARCHITECTURE AND PLANNING; CENTER FOR ENTREPRENEURIAL LEADERSHIP; PRESIDENT'S FUND FOR EXCELLENCE; PROGRAMMING FOR DISADVANTAGED WITH MS; CHARACTERIZATION OF THE POEF MOLECULE RESEARCH PROJECT; BOLDLY BUFFALO CAMPAIGN

$346,062
Patrick P Lee Foundation Inc

Williamsville, NY

PURPOSE: MEDICAL SCHOOL PSYCHIATRY SCHOLARSHIPS

$131,883
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$788,909,963
Earnings$243,426,670
Net Contributions$25,617,834
Other Expense$32,864,010
Grants$5,037,798
Ending Balance$1,020,052,659

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