Historic $10 Million Gift Will Retain and Recruit World-Class Researchers, Educators and Clinicians to UB and Western New York

Thursday, June 12, 2008 General News
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BUFFALO, N.Y., June 11 The University at Buffalo announcedtoday a $10 million gift from Jeremy M. Jacobs, his wife, Margaret, and familyto establish the Jacobs Institute, which will support research and clinicalcollaboration on the causes, treatment and prevention of heart and vasculardiseases.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080611/NYW118 )

The gift was made in honor of Lawrence D. Jacobs, M.D., a world-renownedmedical pioneer and the late brother of Jeremy Jacobs. Lawrence Jacobs waschair of the Department of Neurology in UB's School of Medicine and BiomedicalSciences and chief of neurology at Buffalo General Hospital at the time of hisdeath. He was perhaps best known by the world and the medical community forhis successful breakthroughs in the treatment of multiple sclerosis.

This gift will fund the retention and recruitment of world-classresearchers, educators and clinicians to the University at Buffalo and to theWestern New York heath-care community.

Jeremy Jacobs is chairman and CEO of Delaware North Companies, a worldwideleader in hospitality and one of the largest privately held companies in NorthAmerica. He is also chairman of the UB Council, an alumnus of the UB School ofManagement and a long-time philanthropic leader.

The Jacobs' gift is the largest single gift ever to UB and makes theJacobs family the university's most generous donor, with gifts totaling $18.4million. This historic $10 million gift to UB demonstrates the Jacobs family'sconfidence in UB's ability to greatly enhance the quality of life and economicprosperity of the Western New York community through groundbreaking medicalresearch and the resulting economic impact of its research.

"I support the vision of bringing the brightest minds together in oneplace to focus on clinical care, research and teaching with an entrepreneurialspirit to solve challenging problems. It is my hope that this gift will helpprovide an avenue for establishing Buffalo as a world-class center forstate-of-the-art research, treatment and teaching in the areas of vascular andheart diseases. With the collaboration of the Jacobs Institute, UB and KaleidaHealth, we have the opportunity to dramatically change health care in WesternNew York for the better," said Jacobs.

The gift is dependent upon the building of a dedicated facility to be thecenter of excellence in cardiology, vascular disease and neurology. The giftchallenges UB, Kaleida, the Jacobs Institute and other community organizationsto work together to bring the vision to reality.

The cutting-edge work of researchers, educators and clinicians recruitedby the Jacobs Institute will greatly enhance the research and educationprograms of UB's School of Medicine and Biomedical Sciences, putting the UBmedical school on the map with other major medical research institutionsregionally and nationally.

In praising the generosity and vision of Jeremy and Margaret Jacobs, UBPresident John B. Simpson said the gift will produce research, education andclinical-care synergies that are essential for major advancements in healthcare.

"The commitment from Mr. and Mrs. Jacobs and family is significant on anumber of levels," Simpson said. "First, this is a powerful example of how ourcommunity can work together to both nurture and attract world-class medicalresearch to Western New York. Second, it demonstrates a commitment toreinventing our community to be competitive in the 21st century.

"The gift also is an extraordinary endorsement of the goals of UB 2020,our plan to transform the university while also improving our region's qualityof life," Simpson added. "Recruitment and retention of talented researchers,educators and clinicians is critical to our goal to produce groundbreakingmedical research that will have a transformative effect on health care andgenerate economic benefits t

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