University at Buffalo Medical School Receives $30 Million Gift

University at Buffalo Medical School Receives $30 Million Gift

The has announced a $30 million gift from longtime supporters Jeremy M. Jacobs and his wife, Margaret, in support of its .

Inspired by the role that medical schools play in pioneering healthcare breakthroughs and advancing patient care in their communities, the gift will support priority initiatives at the medical school, including the creation of medical education and research programs, student scholarships, and the construction of a state-of-the-art medical school building in downtown Buffalo, to be completed in 2017. In recognition of the couple's service and philanthropy, the UB medical school will be named the Jacobs School of Medicine and Biomedical Sciences.

Jeremy Jacobs, the chairman of global hospitality and food service company , has served as chair of the UB Council since 1998 and is co-chair of the medical school's fundraising committee. In addition, Jacobs chaired the from 1980 to 1987 and has served as an advisor to the UB School of Management, which he helped to establish an MBA program in China during the mid-1980s. With the latest gift to UB's medical school, the Jacobs family's giving to the university totals more than $50 million.

"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," said UB president Satish K. Tripathi. "And it is equally fitting that it should bear the name of an individual and a family who truly embody the vision that has guided our university for the better part of two centuries. No one could ask for a greater champion or a greater friend to UB than Jeremy Jacobs and the Jacobs family have been over the years. We are honored to have this opportunity to recognize that great generosity in this meaningful and lasting way."

"." University at Buffalo Press Release 09/14/2015.