University at Buffalo Foundation Inc

EIN: 160865182 501(c)(3) Education

BUFFALO, NY

Total Revenue
$128,651,944
Total Expenses
$92,173,911
Total Assets
$1,546,784,593
Net Assets
$1,345,236,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NY
Phone
7166453013
Tax Period
2024-07-01 to 2025-06-30

University at Buffalo Foundation Inc, founded in 1962, is a major nonprofit in the Education sector that reported $128.7M in total revenue in fiscal year 2024. The organization ran a surplus of $36.5M, a strong 28% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $52,830,897
Program Service Revenue $638,416
Investment Income $75,182,631
Other Revenue $0
TOTAL REVENUE $128,651,944

Expense Breakdown

Grants Paid $77,561,993
Salaries & Benefits $0
Fundraising Expenses $638,312
Program Expenses $91,526,443
Other Expenses $13,973,606
TOTAL EXPENSES $92,173,911

Year-over-Year Comparison

2024 2023 Change
Revenue $128,651,944 $123,201,329 +0.0%
Expenses $92,173,911 $94,700,123 0.0%
Net Income $36,478,033 $28,501,206 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
23

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$766,192
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY BAUER CHAIR/TRUSTEE 1.0
Officer Director
$0 $0 $0
JEAN POWERS SECRETARY/TRUSTEE 1.0
Officer Director
$0 $0 $0
DANIEL K MAGNUSZEWSKI TRUSTEE 1.0
Director
$0 $0 $0
DANIEL M HAMISTER DIRECTOR 1.0
Director
$0 $0 $0
DANIEL SPERRAZZA TRUSTEE 1.0
Director
$0 $0 $0
DANIELLE SHAINBROWN TRUSTEE 1.0
Director
$0 $0 $0
EILEEN SILVERS TRUSTEE 2.0
Director
$0 $0 $0
HELEN CAPPUCCINO TRUSTEE 1.0
Director
$0 $0 $0
JAMES PALMISCIANO TRUSTEE 1.0
Director
$0 $0 $0
JASON BIRD TRUSTEE 1.0
Director
$0 $0 $0
KATHIE KELLER TRUSTEE 2.0
Director
$0 $0 $0
KATHLEEN HAMM TRUSTEE 1.0
Director
$0 $0 $0
LOUIS JACOBS TRUSTEE (until 5/15/25) 1.0
Director
$0 $0 $0
MARGARET MCGLYNN TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL MURRAY TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL OLFANO TRUSTEE 1.0
Director
$0 $0 $0
NAGENDRA RAINA TRUSTEE 1.0
Director
$0 $0 $0
PAUL A NUSSBAUM TRUSTEE (as of 7/1/24) 1.0
Director
$0 $0 $0
ROBERT DENNING TREASURER/TRUSTEE 1.0
Director
$0 $0 $0
SATISH TRIPATHI TRUSTEE 1.0
Director
$0 $0 $0
STEVEN H SHEPSMAN TRUSTEE 1.0
Director
$0 $0 $0
TERESA BAIR TRUSTEE 1.0
Director
$0 $0 $0
TERRENCE M GILBRIDE TRUSTEE (AS OF 7/1/2024) 1.0
Director
$0 $0 $0
ANASTACIA S KNAPPER CHIEF EXECUTIVE OFFICER 20.0
Officer
$0 $74,275 $463,825
PATRICK RICHEY CHIEF FINANCIAL OFFICER 20.0
Officer
$0 $32,350 $302,367
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $128,651,944 $92,173,911 $1,546,784,593 $36,478,033
2024 No data No data No data No data
2023 $82,759,030 $77,927,154 $1,367,532,436 $4,831,876
2022 $46,606,531 $76,410,628 $1,234,149,940 $-29,804,097
2021 $112,616,812 $69,481,314 $1,391,684,746 $43,135,498
2020 $45,943,366 $66,297,142 $1,104,161,290 $-20,353,776
2019 $53,963,154 $75,602,063 $1,129,441,836 $-21,638,909
2018 $76,879,663 $60,209,445 $1,083,434,164 $16,670,218
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