University At Buffalo Foundation Inc
100% goes to programs $0 to raise $100 Strong reserves
University At Buffalo Foundation Inc is a 501(c)(3) organization based in Buffalo, New York, registered in 1963, with $123,201,329 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 900, Buffalo, NY, 14226 EIN 16-0865182 Since 1963
Revenue (FY2023)
$123.2M
▲ 48.9% vs prior year
Education median: $200K
Expenses (FY2023)
$94.7M
Net assets
$1.2B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For University At Buffalo Foundation Inc: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating156 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University At Buffalo Foundation Inc: 156 mo reserves · +23% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For University At Buffalo Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University At Buffalo Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
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 $1,351,226,488 at june 30, 2024, 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.
Contact & location
- Address
- Po Box 900, Buffalo, NY, 14226
- City
- Buffalo
- State
- New York
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $65.0M (FY2013) to $123.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $207.2MNet assets $1.2B
Operating margin
23.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$207.2M
Net assets
$1.2B
Salaries & benefits
$0
0% of expenses
Board members
23
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $123,201,329▲48.9% | $94,700,123▲21.5% | $1,229,531,305▲9.5% | $1,436,699,139▲5.1% | 990 |
| 2022 | $82,759,030▲77.6% | $77,927,154▲2.0% | $1,123,092,813▲8.1% | $1,367,532,436▲10.8% | 990 |
| 2021 | $46,606,531▼58.6% | $76,410,628▲10.0% | $1,039,163,793▼12.9% | $1,234,149,940▼11.3% | 990 |
| 2020 | $112,616,812▲145% | $69,481,314▲4.8% | $1,192,573,183▲34.0% | $1,391,684,746▲26.0% | 990 |
| 2019 | $45,943,366▼14.9% | $66,297,142▼12.3% | $890,169,522▼2.5% | $1,104,161,290▼2.2% | 990 |
| 2018 | $53,963,154▼29.8% | $75,602,063▲25.6% | $913,394,986▲3.0% | $1,129,441,836▲4.2% | 990 |
| 2017 | $76,879,663▼24.4% | $60,209,445▲11.4% | $886,967,731▲9.1% | $1,083,434,164▲8.1% | 990 |
| 2016 | $101,737,379▲17.0% | $54,064,066▼8.7% | $813,243,570▲13.4% | $1,002,052,347▲11.8% | 990 |
| 2015 | $86,935,172▲73.7% | $59,242,304▲17.7% | $717,259,648▼0.8% | $896,230,190▼0.4% | 990 |
| 2014 | $50,053,716▼23.0% | $50,324,489▲1.5% | $723,192,897▼2.7% | $899,993,208▼1.1% | 990 |
| 2013 | $65,024,894 | $49,580,034▼9.4% | $743,122,217▲16.0% | $910,443,090▲13.9% | 990 |
| 2012 | — | $54,713,967 | $640,500,375 | $799,614,398 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anastacia Knapper | Chief Executive Officer | 20 | — |
| Dale Mckim III | Trustee | 2 | — |
| Daniel Hamister | Trustee | 1 | — |
| Danielle Shainbrown | Trustee | 1 | — |
| Daniel Magnuszewski | Trustee (as of 7/1/23) | 1 | — |
| Daniel Sperrazza | Trustee | 1 | — |
| Eileen Silvers | Trustee | 2 | — |
| Gregg Fisher | Trustee | 1 | — |
| Gregory Bauer | Chair/trustee | 1 | — |
| Helen Cappuccino | Trustee | 1 | — |
| James Palmisciano | Trustee | 1 | — |
| Jason Bird | Trustee | 1 | — |
| Jean Powers | Secretary/trustee | 1 | — |
| Kathie Keller | Trustee | 2 | — |
| Kathleen Hamm | Trustee (as of 7/1/23) | 1 | — |
| Louis Jacobs | Trustee | 1 | — |
| Margaret Mcglynn | Trustee (as of 7/1/23) | 1 | — |
| Michael Murray | Trustee (as of 7/1/23) | 1 | — |
| Michael Olfano | Trustee (as of 7/1/23) | 1 | — |
| Nagendra Raina | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mercer Associates | Invst. Consultant | $938,750 |
| Hig Capital | Asset Management | $861,304 |
| Silchester International Investors | Asset Management | $437,515 |
| K Private Investors | Asset Management | $376,549 |
| Battery Ventures | Asset Management | $361,875 |
Grants received · $41.6M total
171 grants to University At Buffalo Foundation Inc totaling $41.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Bessemer Giving Fund | General support | 2024 | $750,000 |
| Community Foundation For Greater Buffalo Inc | Charitable support. any restrictions have been communicated to the grantee. | 2024 | $256,535 |
| American Online Giving Foundation Inc | General support | 2024 | $112,748 |
| Charities Aid Foundation America | Charitable donation | 2024 | $90,600 |
| Cleveland Foundation | Scholarship | 2024 | $50,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $36,056 |
| Rochester Area Community Foundation | Higher education | 2024 | $27,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $26,750 |
| The New York Community Trust | For a scholarship award. | 2024 | $12,000 |
| Ayco Charitable Foundation | Education | 2024 | $11,200 |
| American Gift Fund | Operations | 2024 | $10,250 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $10,000 |
| American Endowment Foundation | Educational | 2024 | $6,500 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $5,500 |
| Greater Houston Community Foundation | Educational | 2024 | $5,500 |
Grants made · $73.9M in FY2023
1 grant totaling $73.9M in FY2023. All grants made by University At Buffalo Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| U B Foundation Activities Inc | Education support | $73,906,758 |
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Frequently asked questions
- Is University At Buffalo Foundation Inc a legitimate nonprofit?
- Yes. University At Buffalo Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0865182, based in Buffalo, New York. Donations are tax-deductible.
- What is University At Buffalo Foundation Inc's EIN?
- University At Buffalo Foundation Inc's Employer Identification Number (EIN) is 16-0865182.
- How much revenue does University At Buffalo Foundation Inc report?
- University At Buffalo Foundation Inc reported $123,201,329 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University At Buffalo Foundation Inc's spending goes to programs?
- University At Buffalo Foundation Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University At Buffalo Foundation Inc have?
- CharityIndex grades University At Buffalo Foundation Inc A, based on program efficiency and fundraising cost.
- How much does University At Buffalo Foundation Inc's highest-paid employee make?
- The highest reported compensation on University At Buffalo Foundation Inc's latest Form 990 is $0, paid to Anastacia Knapper (Chief Executive Officer).
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Explore more
Data for University At Buffalo Foundation Inc (EIN 16-0865182) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.