Philanthropy and Other Information
An active philanthropist, Jacobs gives millions of dollars to national and community based charities each year. Jacobs' work with the United Way has not only benefited the communities where the company operates, it has also earned him the designation as part of the Million-Dollar Roundtable of donors. Jacobs is also a member of the Jeremiah Milbank Society, recognizing him for his strong support to the Boys and Girls Clubs of America.
In 2007, Jacobs provided a $1 million gift with his family to support an endowed chair in Immunology at Roswell Park Cancer Institute (RPCI). The gift was made to RPCI's Leaders for Life endowment campaign in honor of Jacobs' brother, the late Lawrence D. Jacobs, MD, an immunology researcher who died in 2001.
The University at Buffalo announced on June 11, 2008, a $10 million gift from Jacobs, his wife, Margaret, and family to establish the Jacobs Institute, which will support research and clinical collaboration on the causes, treatment and prevention of heart and vascular diseases. Again, the gift was made in honor of his late brother, Lawrence. The Jacobs' gift was at the time the largest single gift ever to UB. Jacobs is also a benefactor of the University at Buffalo and has served as chairman, trustee and director of the UB Foundation, chairman of the President's Board of Visitors, and advisor to the School of Management in addition to serving as chairman of the University at Buffalo Council since 1998.
An alumnus of UB's School of Management and the Harvard School of Business Advanced Management Program, he holds honorary doctorates from the University at Buffalo, Canisius College and Johnson and Wales University.
He is currently serving his second term on the U.S. Department of Commerce Travel and Tourism Advisory Board. Members of the board are selected by the Secretary of Commerce and advise the Secretary on government policies and programs that affect the U.S. travel and tourism industry.
Jacobs has made substantial contributions to the presidential campaigns of George W. Bush, John Kerry, Mitt Romney, Hillary Clinton, Joe Lieberman, and John Edwards.
Jacobs also owns an interest in NESN, the New England Sports Network, sharing ownership with John Henry, a friend and owner of the Boston Red Sox.
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