It's major gift for the University at Buffalo School of Medicine. Jeremy Jacobs, the chairman of Delaware North Companies, has announced that his family is donating $30 million to the school.
The school will now be named the Jacobs School of Medicine and Biomedical Sciences. It's the first school-naming in UB history. "It's a great honor for us to be able to have the school named after us," said Jacobs. "This whole community is prospering but when you put the medical school here it just makes it happen faster."
"It's a major milestone for UB," added University at Buffalo President Satish Tripathi. "We are excited. It's really fitting to name the school to the family that has been so supportive of the community and for UB as well."
The $30 million gift will be used to create research programs and scholarships, recruit students and faculty, and help cover construction costs for the state of the art building being built in downtown Buffalo.
"It's an opportunity for this community to really grow and prosper," said Jacobs. "From an industry it's huge, but from an academic environment it's unprecedented and it's going to be tremendous"
The gift is the largest to the $200 million campaign for the UB medical school and brings the school to 80 percent of it's goal. The project is expected to be completed in the summer of 2017.
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