irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $1.43MSUPPORT FOR THE EDUCATIONAL INITIATIVES OF THE UNIVERSITY AT BUFFALO.
named programs · 4 · from sources
What they call their work
Endowed Chairs and Professorships
Manages and administers endowed faculty positions that attract and retain distinguished scholars and researchers at UB, funded by donors such as Delaware North.
Endowment Management
Invests and manages the university’s endowment under a long-term spending policy to ensure perpetual support for academic programs and operations.
Real Estate Management
Owns and manages student housing, research incubators, and other properties including South Lake Village and the UB Incubator at Baird Research Park.
Student Scholarship Management
Administers scholarships like the Hutchinson Central Technical High School Access Scholarship, supporting low-income and underrepresented students at UB.
activities · 8 groups
What they do
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University-Specific Endowment and Program Funding 2 activities
- Funds and supports the University at Buffalo Distinguished Speakers SeriesProvides financial and operational support for the Distinguished Speakers Series, which brings nationally and internationally renowned speakers to the UB campus to enrich academic and cultural life.
- Manages and invests the University at Buffalo's endowment and scholarship fundsOversees a significant endowment and manages scholarship funds to support student research, education, and long-term financial stability for the University at Buffalo. Applies financial expertise to grow and sustain university resources for future generations.
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Endowment and Gift Fund Management 1 activity
- Administers private gifts, grants, and donor stewardship servicesAdministers thousands of private gifts and grants annually, including donor reporting, gift receipts, privacy protection, and ensuring donor intent. Provides stewardship services that support endowed chairs, scholarships, faculty research, and departmental activities.
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Local High School Scholarship Programs 1 activity
- Funds and administers scholarship programs for studentsAdministers scholarship funds including the Hutchinson Central Technical High School Access Scholarship ($2,500 awards) and the Durand Scholarship, supporting student access, on-campus living, study abroad, and educational costs.
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Youth and Student Entrepreneurship Competitions 1 activity
- Funds and organizes the Henry A. Panasci Jr. Technology Entrepreneurship CompetitionOrganizes a technology entrepreneurship competition for UB students, providing seed funding, mentorship, and experiential learning opportunities to support the development and launch of viable businesses in Western New York.
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Student Housing and Residential Services 1 activity
- Owns and develops real estate to support the University at BuffaloOwns, acquires, and develops strategic real estate including academic, residential, and administrative properties. Key holdings include the Buffalo Niagara Medical Campus, Parcel B (The Commons and campus bookstore), South Lake Village Apartments, and the University President’s Residence. These efforts support university expansion, save taxpayer costs, and meet housing demand.
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Curated Art Exhibitions and Public Displays 1 activity
- Owns and operates cultural and academic facilities for public and university useOwns and operates the Anderson Gallery, which supports UB’s academic curriculum and contributes to the Western New York arts community, and other key university-affiliated properties.
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Organizational Sustainability Management 1 activity
- Provides financial and administrative services for university-affiliated personnel and organizationsProvides payroll administration for UB faculty and staff funded through UB Foundation resources and offers financial services to organizations aligned with the university’s mission.
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Research and Scholarly Fellowship Support 1 activity
- Supports faculty recruitment, retention, and research through resource provisioningEnables the recruitment and retention of world-renowned scholars by securing and managing necessary resources. Supports faculty research and academic leadership initiatives, including the launch of the Center for Leadership and Organizational Effectiveness.
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financials · form 990 · fy2024
revenue
Total revenue$18.57M
Contributions & grants$17.25M93%
Program service revenue$888K5%
Investment income$-138K-1%
Other revenue$567K
expenses
Total expenses$4.24M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.43M
Largest expense lineFacilities
balance sheet
Total assets$28.56M
Cash$323K
Investments$0
Liabilities$6.20M
Net assets$22.37M
Liquid reserves0.9 mo
6 years on record · 2019–2024 · YoY revenue +976.4%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ANASTACIA S KNAPPER | CHIEF EXECUTIVE OFFICER | 5 | $464K |
| PATRICK RICHEY | CHIEF FINANCIAL OFFICER | 5 | $302K |
board members · 8
- DANIEL M HAMISTER — DIRECTOR/VICE CHAIR
- DANIELLE SHAINBROWN — DIRECTOR
- DAVID CHIAZZA — DIRECTOR (until 1/3/25)
- JEAN POWERS — DIRECTOR
- PAUL A NUSSBAUM — DIRECTOR
- RONALD SCHREIBER — DIRECTOR
- STEVEN H SHEPSMAN — DIRECTOR/CHAIR
- TERRENCE M GILBRIDE — DIRECTOR
relationships · 26
Who they work with
- College of Arts and Sciences at UB Government — Administers the Hutchinson Central Technical High School Access Scholarship in partnership with the UB Foundation.
- Delaware North Partner — Funded the Donald S. Carmichael Professor of Organization and Human Resources Chair since 1983.
- Donald L. Davis Funder — Founder of the Don Davis Auto World Endowed Lectureship Fund that supports the Distinguished Speakers Series.
- Graduate Student Association Partner — Long-standing sponsor of the Distinguished Speakers Series with active role in speaker selection.
- Henry A. Panasci Jr. Funder — Provided a $1 million endowment to fund the Panasci competition.
- Hutchinson Central Technical High School Partner — Partner institution for the Hutchinson Central Technical High School Access Scholarship, targeting alumni of the school.
- New York State’s START-UP NY initiative Government — Participates in the START-UP NY initiative through the UB Incubator at Baird Research Park.
- SUNY Government — Part of the State University of New York system, as UB is the largest campus within SUNY
- SUNY Government — State university system of which the University at Buffalo is a part, and within whose policy framework the UB Foundation operates.
- UB Office of Science, Technology Transfer and Economic Outreach Partner — Co-creator and collaborator in the Henry A. Panasci Jr. Technology Entrepreneurship Competition.
- UB’s Business and Entrepreneur Partnerships Partner — Supports through shared space and management at the UB Incubator at Baird Research Park.
- Undergraduate Student Association Partner — Long-standing sponsor of the Distinguished Speakers Series with active role in speaker selection.
- University Advancement Partner — Collaborates on gift stewardship activities for the University at Buffalo.
- University Advancement Partner — Collaborates with University Advancement on fundraising activities and donor stewardship.
- University at Buffalo Government — Primary institution supported by the foundation through financial management, fundraising, and strategic initiatives.
- University at Buffalo Government — Primary institutional partner; the UB Foundation supports scholarship programs at the university.
- University at Buffalo Government — Primary institutional partner; the UB Foundation supports the university’s academic, financial, and operational goals.
- University at Buffalo Government — Provides real estate support and development for the University at Buffalo, including student housing, research facilities, and on-campus properties.
- University at Buffalo Network — Primary institution supported by the UB Foundation through management of endowments, scholarships, and capital projects.
- University at Buffalo Partner — Partner institution for the Distinguished Speakers Series.
- University at Buffalo Partner — Primary institution supported by the UB Foundation through resource management and strategic development.
- University at Buffalo Partner — Primary institutional partner, supporting academic, financial, and real estate initiatives.
- University at Buffalo Partner — Primary institutional partner, supporting academic, real estate, and financial initiatives.
- University at Buffalo Partner — Receives grant funding from FNUB Inc to support educational initiatives.
- University at Buffalo Partner — Supports the University at Buffalo through real estate management and development
- University at Buffalo School of Management Partner — Co-creator and collaborator in the Henry A. Panasci Jr. Technology Entrepreneurship Competition.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Strategic Asset Alignment with Academic Missionmethodology: strategic_alignmentBy aligning management of real estate, scholarships, and private partnerships with the university’s strategic goals, we advance research, teaching, and educational access, because coordinated stewardship of diverse assets amplifies institutional impact and mission coherence.
- Strategic Financial Stewardship for Institutional Stabilitymethodology: financial_stability_through_private_capitalBy applying specialized financial and investment expertise to manage the endowment and private capital, we ensure long-term financial stability for the university, especially amid declining public funding, because disciplined capital management amplifies institutional resilience and growth capacity.