Jacobs Family Makes Historic $30 Million Gift


School named Jacobs School of Medicine and Biomedical Sciences

September 14, 2015

Jeremy M. Jacobs, his wife, Margaret, and their family have given an historic $30 million to the University at Buffalo School of Medicine and Biomedical Sciences.

As chairman of Delaware North Companies and a longtime supporter of UB, Jacobs is one of the community’s most dedicated philanthropists.

In recognition of Jacobs’ tremendous service and philanthropy to the university, the UB medical school has been named the Jacobs School of Medicine and Biomedical Sciences.

“This is a great and historic milestone for UB, as the first school-naming in our university’s long and distinguished history. It is truly fitting that the medical school—UB’s founding school—would have this great distinction,” Tripathi.

With the gift to UB’s medical school, the Jacobs family’s giving to the university totals more than $50 million, making the Jacobs family one of UB’s most generous benefactors. The gift is the largest to the $200 million campaign for the UB medical school and brings the school to 80 percent ($160 million) of
its goal.

Jacobs said his family was inspired to make the gift in recognition of the UB medical school’s key role in advancing new treatments for patients and in realizing the full potential of the Buffalo Niagara Medical Campus (BNMC). 

“My family is honored to make this investment in the community,” Jacobs said. “We look forward to Western New York becoming a world-class destination for health care.”

Michael E. Cain, MD, vice president for health sciences at UB and dean of the medical school, said that the Jacobs gift will support priority initiatives at the medical school, which will be completed in 2017.

“This very generous gift adds to an exciting momentum within the medical school over the past several years,” Cain said. “It will help the medical school continue to recruit the very best faculty, students and clinicians whose expertise is advancing patient care in our community.”

To read more about this extraordinary gift, go to medicine.buffalo.edu.