irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $12.23MINVESTMENTS 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 SMALL INVESTMENT POOLS HAVING A MARKET VALUE OF $1,475,345,458 AT JUNE 30, 2025. THE PERFORMANCE OF THE PORTFOLIO IS ESSENTIAL TO THE EDUCATION MISSION OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO.
- #2 $1.73MUBF 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.
named programs · 2 · from sources
What they call their work
Long-Term Investment Portfolio Management
Manages endowment assets under supervision of the Board Investment Committee, utilizing over sixty professional investment managers to grow funds supporting the university's educational mission
Philanthropy and Fundraising Support
Provides counsel on charitable giving and processes gift revenues for the State University of New York at Buffalo
activities · 1 group
What they do
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Endowment and Gift Fund Management 2 activities
- Manages investment portfolio for University at BuffaloManages a long-term investment portfolio and smaller investment pools with a total market value of $1,475,345,458 as of June 30, 2025, under the supervision of its Board Investment Committee.
- Manages philanthropy and gift revenue for University at BuffaloProvides advisory services on philanthropy and fundraising, and processes and manages gift revenues for the State University of New York at Buffalo.
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financials · form 990 · fy2024
revenue
Total revenue$128.65M
Contributions & grants$52.83M41%
Program service revenue$638K1%
Investment income$75.18M58%
Other revenue$0
expenses
Total expenses$92.17M
Program expenses99%
Admin / overhead0%
Fundraising1%
Salaries & benefits$0
Grants paid out$77.56M
Largest expense lineProfessional Fees
balance sheet
Total assets$1.55B
Cash$340K
Investments$1.48B
Liabilities$201.55M
Net assets$1.35B
Liquid reserves192.1 mo
6 years on record · 2019–2024 · YoY revenue +4.4%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ANASTACIA S KNAPPER | CHIEF EXECUTIVE OFFICER | 20 | $464K |
| PATRICK RICHEY | CHIEF FINANCIAL OFFICER | 20 | $302K |
board members · 23
- DANIEL K MAGNUSZEWSKI — TRUSTEE
- DANIEL M HAMISTER — DIRECTOR
- DANIEL SPERRAZZA — TRUSTEE
- DANIELLE SHAINBROWN — TRUSTEE
- EILEEN SILVERS — TRUSTEE
- GREGORY BAUER — CHAIR/TRUSTEE
- HELEN CAPPUCCINO — TRUSTEE
- JAMES PALMISCIANO — TRUSTEE
- JASON BIRD — TRUSTEE
- JEAN POWERS — SECRETARY/TRUSTEE
- KATHIE KELLER — TRUSTEE
- KATHLEEN HAMM — TRUSTEE
- LOUIS JACOBS — TRUSTEE (until 5/15/25)
- MARGARET MCGLYNN — TRUSTEE
- MICHAEL MURRAY — TRUSTEE
- MICHAEL OLFANO — TRUSTEE
- NAGENDRA RAINA — TRUSTEE
- PAUL A NUSSBAUM — TRUSTEE (as of 7/1/24)
- ROBERT DENNING — TREASURER/TRUSTEE
- SATISH TRIPATHI — TRUSTEE
- STEVEN H SHEPSMAN — TRUSTEE
- TERESA BAIR — TRUSTEE
- TERRENCE M GILBRIDE — TRUSTEE (AS OF 7/1/2024)
relationships · 1
Who they work with
- State University of New York at Buffalo Partner — Provides investment management, fundraising advice, and gift revenue processing to support the university's education mission.
strategies · 1
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.
- Decentralized Investment Managementmethodology: decentralized_investment_managementBy distributing endowment management across a diverse set of professional investment managers under centralized board oversight, the foundation aims to reduce risk and enhance long-term asset growth through diversified strategies and specialized expertise.