What is the UPSTATE Foundation?
The Upstate Foundation was founded in 1976 as a 501(c)3 not-for-profit corporation. The corporation was formed to receive and administer gifts and bequests exclusively for charitable purposes with a focus on (1) the provision of patient health care, (2) the education of health care providers, (3) community health and well-being, and (4) scientific research. The distributions shall in particular be oriented toward the support of those activities conducted by Upstate Medical University.
The Foundation has 22 full-and part-time staff members who, with a 52-member board of directors, manage over 800 funds; conduct multi-year, million-dollar endowment campaigns; administer alumni associations for the colleges of Nursing and Health Professions; implement named giving and planned giving programs, and a new grateful patient and family program; run annual campaigns for Upstate University Hospital, Upstate Golisano Children’s Hospital and the Upstate Cancer Center; and sponsor several major fundraising events annually. In addition, the Foundation is home to the local chapter of the Children’s Miracle Network Hospitals.
Although we collaborate with the SUNY Research Foundation, we are a separate and distinct entity that is largely self supporting. Our managed assets total over $140 million, and in 2014, we raised over $6 million in contributions.