About Buffalo Urban Development
The mission of Buffalo Urban Development Corporation (BUDC) is to support the urban economic development efforts of the region through acquisition, remediation and management of distressed properties, and to engage in related real estate development activities for the purpose of attracting and/or retaining new and existing businesses to the City as part of the region. The mission of BUDC also includes supporting the revitalization of downtown Buffalo by serving as the lead management entity for Buffalo Building Reuse Project (BBRP) and Race for Place initiatives, working in collaboration with the City of Buffalo; including the coordination of financial assistance for downtown adaptive re-use projects and public right-of-way improvements. BUDC also serves as the lead management entity for the Ralph C. Wilson, Jr. Centennial Park transformation.
Focus Areas
economic developmentreal estate developmentbrownfield remediationwaterfront and park redevelopmentdowntown revitalizationpublic infrastructure and placemaking
About Buffalo Urban Development
Buffalo Urban Development Corporation’s most visible recent grantmaking centers on Ralph C. Wilson, Jr. Centennial Park in Buffalo, where it awarded $26,468,084 in 2024 and $3,044,295 in 2023 to the City of Buffalo. Those awards sit alongside a broader role in urban economic development: acquiring, remediating, and managing distressed properties, then supporting related real estate development to attract and retain businesses in the city. The corporation also serves as the lead management entity for downtown revitalization efforts, including the Buffalo Building Reuse Project and Race for Place initiatives, which connect financial assistance to adaptive-reuse projects and public right-of-way improvements. Its work is tied to place-based redevelopment rather than individual giving, and it does not fund individuals. The latest 990 on file is 2024, and the organization reports annual grants of $29,512,379 against total assets of $185,671,246. Recent activity shows a strong focus on public infrastructure, placemaking, brownfield remediation, and waterfront and park redevelopment within Buffalo.
What Buffalo Urban Development Funds
Brownfield remediation is a recurring part of the corporation’s work. Through the Brownfield Opportunity Areas program, BUDC participates as a local conduit and partner for designated BOAs in Buffalo, including the City of Buffalo, Northland Beltline Corridor, and South Buffalo. Public-space maintenance also appears in its contracting activity: one active request for proposals seeks licensed contractors for landscaping services at the Northland/Delavan Avenue Beltline Corridor. Downtown reuse and infrastructure are another thread. BUDC’s mission includes serving as the lead management entity for the Buffalo Building Reuse Project and Race for Place initiatives, with coordination of financial assistance for downtown adaptive-reuse projects and public right-of-way improvements. The organization also supports waterfront and park redevelopment through its role in the Ralph C. Wilson, Jr. Centennial Park transformation.
How Buffalo Urban Development Gives
The foundation reports annual grants of $29,512,379, with a typical grant size that is high and concentrated: p25 is $8,900,242, the median is $14,756,190, and p75 is $20,612,137. The recent-grants list shows repeat support for the same recipient and project across 2023 and 2024, indicating follow-on funding rather than one-off awards. Its structure is not a family foundation or DAF; it is a development corporation, and it does not fund individuals or make program-related investments. The active grant programs and RFPs shown are administered through BUDC and are not described as open unsolicited grant opportunities.
Financial Snapshot
Annual Giving
$27.2M
Total Assets
$171.9M
Total Revenue
$38.3M
Total Expenses
$32.7M
Typical Grant Size
Most grants fall between $8.9M and $20.6M, with a median of $14.8M.
25th Percentile
$8.9M
Median
$14.8M
75th Percentile
$20.6M
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
Leadership
BRANDYE MERRIWEATHER
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