Construction of the $375 million medical school is scheduled to be completed in 2016.
Oishei Foundation Board Chair James Wadsworth views the effort as a vehicle for regional development and revitalization.
“The new medical school will strengthen the campus, generate regional economic growth and help to renew downtown Buffalo’s urban vitality,” stated Wadsworth.
Oishei Foundation President Robert D. Gioia said the foundation’s support signals its belief in what the new medical school means for the future of the region.
“The Oishei Foundation recognizes the new UB medical school as a game-changing addition to the Buffalo Niagara Medical Campus. It will redefine our region as a hub for the very best in health care,” Gioia said. “With this gift, we join UB as fellow catalysts for change that will dramatically enhance our community’s economic vitality and quality of life.”
UB President Satish K. Tripathi said the university is proud to continue partnering with the Oishei Foundation, a prominent leader in philanthropy and regional development collaborations in Western New York.
“We thank the Oishei Foundation for its generous gift and look forward to working with the foundation to establish Buffalo as an academic health center and a top health-care destination,” Tripathi said. “Throughout its history, the foundation has consistently invested in improving education and health care, and this gift does both. This gift will have a profound impact on this priority project for our university.”