SYRACUSE — The fundraising efforts of the Foundation for Upstate Medical University ranked 5th of 64 schools in the SUNY system during fiscal year 2013-14. That’s according to a report that the SUNY administration recently published and distributed to the various campus presidents. The report combines gifts from individuals, corporations, alumni, and friends, […]
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SYRACUSE — The fundraising efforts of the Foundation for Upstate Medical University ranked 5th of 64 schools in the SUNY system during fiscal year 2013-14.
That’s according to a report that the SUNY administration recently published and distributed to the various campus presidents.
The report combines gifts from individuals, corporations, alumni, and friends, Upstate Medical University said.
Upstate is ranked behind SUNY’s “much larger institutions” that include Stony Brook, University at Buffalo, Cornell Statutory, and the College of Nanoscale Science and Engineering in Albany, the medical school said.
The assets that the Foundation for Upstate Medical University manages have grown to $89 million from $53 million in the past five years.
That’s according to Eileen Pezzi, vice president for development at Upstate Medical University.
The Foundation, the philanthropic arm of Upstate Medical University, announced the asset figure in its year-end report for 2014, which it released in January, according to a news release the school distributed at the time.
In addition, the Foundation disbursed more than $23 million in grants and awards over the same five-year period.
“A highlight this past year,” Pezzi said in the release, “was concluding our capital campaign for the new Upstate Cancer Center, and exceeding our $15 million campaign goal by more than $2 million.”
In addition to supporting Upstate University Hospital’s downtown and Community campuses, including the Golisano Children’s Hospital, the Foundation also raises money for Upstate’s four colleges, the school said.
They include the colleges of Medicine, Graduate Studies, Nursing and Health Professions.
The Foundation also raises money for Upstate’s research enterprise, the school added.
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,” Paul Mello, president and CEO of Solvay Bank and chair of the Foundation’s board of directors, said in the Upstate news release.
He was referring to the Foundation’s 2014 report.
“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,” said Mello.