UPstate Foundation cites growth
January 2016--Over the past six years, assets managed by the Upstate Foundation have grown to $140 million, according to Eileen Pezzi, vice president for development at Upstate Medical University. In addition, the Foundation disbursed nearly $30 million in grants and awards over the same six-year period.
“Highlights the past several years, “ Pezzi said, “were concluding our capital campaign for the new Upstate Cancer Center and exceeding our $15 million campaign goal by more than $2 million; programmatic enhancements such as the implementation of our new grateful patient and family program and planned giving program; and position expansions.”
The Upstate Foundation’s fundraising efforts ranked fourth of 64 schools in the State University of New York (SUNY) system, according to a 2015 report published by SUNY administration which combines gifts from individuals, corporations, alumni and friends. Upstate is preceded only by much larger institutions including Stony Brook, Cornell Statutory and University of Buffalo.
In addition to supporting Upstate University Hospital’s downtown and Community campuses including the Golisano Children’s Hospital, the Foundation raises money for Upstate’s four colleges: the colleges of Medicine, Graduate Studies, Nursing and Health Professions. The Foundation also raises money for Upstate’s research enterprise.
Pezzi noted that the Foundation has raised more than $40 million for its two pillars of accomplishment, the Upstate Cancer Center and Upstate Golisano Children’s Hospital.
“Yet during both of our capital campaigns, donors also continued to support other areas of interest such as Upstate University Hospital’s annual fund, scholarship funds and biomedical research endeavors. They also made donations to the Foundation’s 800 endowments and restricted funds,” Pezzi said.
“The Central New York community is a very generous one despite the year’s economic challenges,” said Paul Mello, president and CEO of Solvay Bank and chair of the Foundation’s board of directors. “Donors value our unique threefold mission of patient care, education and biomedical research. With careful stewardship of their hard-earned, philanthropic dollars, we hope to see significant growth continue. At the same time, we look forward to giving back and increasing the number of awards we grant each year.”