The gift, the largest single ever to UB, was given by Jeremy and Margaret Jacobs to create the Jacobs Institute on the Buffalo Niagara Medical Campus. The facility will honor of Dr. Lawrence D. Jacobs, the late brother of Jeremy Jacobs.
The university said Lawrence Jacobs was a world-renowned medical pioneer in the treatment of multiple sclerosis. He was chairman of the Department of Neurology in UB's School of Medicine and Biomedical Sciences and chief of neurology at Buffalo General Hospital at the time of his death.
"This gift will fund the retention and recruitment of world-class researchers, educators and clinicians to the University at Buffalo and to the Western New York heath-care community," the university said.
Jeremy Jacobs, an alumnus of the UB School of Management, is chairman and chief executive officer of Delaware North Cos.