University at Buffalo Foundation
University at Buffalo Foundation reported $128.7 million in revenue and $92.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.30 went to program services, $0.01 to management and general costs and $0.69 to fundraising. Its largest source of revenue was investment income: 58.4% of the total. Government grants made up 9.8%. The highest compensation it reported for one person was $463,825 (CHIEF EXECUTIVE OFFICER). Revenue rose 180% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $92MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $129MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 41.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $463,825 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.50% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 175.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 22 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSupport 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 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 20.0 hrs/week | $0 | $389,550 | $74,275 | $463,825 |
| CHIEF FINANCIAL OFFICER Officer, 20.0 hrs/week | $0 | $270,017 | $32,350 | $302,367 |
0 people received more than $100,000 in reportable compensation from University at Buffalo Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 623
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| HIG CAPITAL Asset management | $1,303,474 |
| CAMBRIDGE Invst. Consultant | $1,087,917 |
| GREAT HILL EQUITY Asset management | $1,082,781 |
| DIAMETER OFFSHORE Asset management | $754,660 |
| VITRUVIAN INVESTMENT Asset management | $690,504 |
Individuals listed as contractors are left out. 28 contractors were paid more than $100,000 in all.
Private foundation grants it received
44 private foundations reported grants to University at Buffalo Foundation totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University at Buffalo Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University at Buffalo Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University at Buffalo Foundation spent in FY2025, $99.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hampden-Sydney CollegeHampden Sydney, VA · revenue $129M · programs 81.5% · FY2025
- Hispanic Scholarship FundEl Segundo, CA · revenue $129M · programs 96.0% · FY2026
- Misericordia UniversityDallas, PA · revenue $128M · programs 89.6% · FY2025
- Assumption UniversityWorcester, MA · revenue $129M · programs 93.7% · FY2025
- Coordinated Behavioral CARENew York, NY · revenue $128M · programs 95.3% · FY2025
Questions people ask
How much of University at Buffalo Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University at Buffalo Foundation reported that 99.3% of its $92.2 million in expenses went to program services, 0.0% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does University at Buffalo Foundation pay its top executive?
The largest total compensation University at Buffalo Foundation reported for one person in the fiscal year ending June 30, 2025 was $463,825, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University at Buffalo Foundation get its money?
Of $128.7 million in revenue in the fiscal year ending June 30, 2025, 41.1% came from contributions and grants (including 9.8% from government grants) and 0.5% from program service revenue (Form 990, Part VIII).
Is University at Buffalo Foundation a registered charity?
The IRS lists EIN 16-0865182 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611329349304156 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349301018 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349308857 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311319349306856 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349301238 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349302109 · read the filing
All filings for EIN 16-0865182: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.