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Nonprofiteer
← UNIVERSITY AT BUFFALO FOUNDATION INC

Form 990 for tax year 2023

Filed by UNIVERSITY AT BUFFALO FOUNDATION INC.

Totals

Total revenue
$123,201,329
Total expenses
$94,700,123
Contributions and grants received
$60,024,628
Grants paid
$73,906,758
Program services expenses (Part IX)
$94,672,481
Management and general expenses
$27,642
Fundraising expenses
$0
Program service expenses (Part III)
$94,672,481

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TERESA BAIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GREGORY BAUER

    CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JASON BIRD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HELEN CAPPUCCINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT DENNING

    TREASURER/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GREGG FISHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL HAMISTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KATHLEEN HAMM

    TRUSTEE (AS OF 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • LOUIS JACOBS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHIE KELLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIEL MAGNUSZEWSKI

    TRUSTEE (AS OF 7/1/23)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARGARET MCGLYNN

    TRUSTEE (AS OF 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • DALE MCKIM III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MURRAY

    TRUSTEE (AS OF 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL OLFANO

    TRUSTEE (AS OF 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • JAMES PALMISCIANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEAN POWERS

    SECRETARY/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • NAGENDRA RAINA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DANIELLE SHAINBROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • STEVEN SHEPSMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • EILEEN SILVERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DANIEL SPERRAZZA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SATISH TRIPATHI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUJATA YALAMANCHILI

    TRUSTEE (THRU 12/31/23)

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ANASTACIA KNAPPER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $430,050
    From this org
    $0
    From related orgs
    $361,894
    Other
    $68,156
    Hours/week
    20 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,894 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $43,002 related
    Nontaxable benefits
    $0 + $25,154 related
    Filer's total
    $0 + $430,050 related

  • PATRICK RICHEY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $278,618
    From this org
    $0
    From related orgs
    $248,804
    Other
    $29,814
    Hours/week
    20 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,804 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,289 related
    Nontaxable benefits
    $0 + $525 related
    Filer's total
    $0 + $278,618 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION UNIVERSITY AT BUFFALO FOUNDATION, INC. DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR KEY EMPLOYEES. CERTAIN INDIVIDUALS RECEIVED COMPENSATION FROM A RELATED ORGANIZATION AND THE PROCESS OF DETERMINING COMPENSATION IS CONDUCTED AT THE RELATED ORGANIZATION'S LEVEL, USING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531329349301018

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