Naming the Massry Center for Business

The recently opened School of Business building has generated enhanced visibility and more opportunities for the school and the university. In September, the building was named the Massry Center for Business by a Capital Region family of philanthropists. The Massrys recognized the greatness and potential of the school when they made a $5.25 million donation and put their name on the building. Their substantial gift ensures that the state-of-the-art building stays ahead of the curve, establishes the Massry Lecture Series, supports other speakers, conferences and visiting faculty, and creates the Massry Fellows Program to fund internships at nonprofit organizations.

School of Business alumni recognize the value of their education and have supported the school for years. The rest of the world is taking notice. At the news conference celebrating the naming of the Massry Center for Business, UAlbany Foundation President George R. Hearst III noted that the Massry gift is a powerful testament to their belief in UAlbany’s excellence.

University at Albany President Robert Jones said, “In addition to thanking the Massry family for their confidence in UAlbany, I would like to thank our entire campus community for creating the kind of university that the Massrys are willing to put their name on… right at the front door of campus! This building is certainly a part of our curb appeal—but it’s much, much more than that. This building is a keystone in our vision to create the largest academic expansion at this university since the construction of this campus, nearly 50 years ago.”

Dean Siegel noted that the significance of the naming is how the money is used. He said, “It’s what goes on inside the building.” The funds used to support building upkeep end up supporting the success of the school.

A portion of the Massry largesse pays to maintain the stunning state-of-the-art Massry Center for Business. This ensures not only that current programs can grow and thrive, but that new ones can be created. Recently, the University at Albany was one of five New York State recipients of a Blackstone LaunchPad grant to support entrepreneurship. This puts the university in a class with the best schools in the state: Cornell University, Syracuse University, New York University and the University of Buffalo.

Dr. Siegel said, “It brings new opportunities. New centers like CAUSE (Center for Advancement & Understanding of Social Enterprises) can thrive.” The school now houses four centers. The Center for Advancement & Understanding of Social Enterprises supports social entrepreneurship. The Center for Forensics, Analytics, Complexity, Energy, Transportation and Security covers digital forensics. The Center for Institutional Investment Management and the Institute for Financial Market Regulation focus on finance.

The Massry gift ensures that future generations of students will have the opportunity to learn, study and collaborate in a building that encompasses state-of-the art-technology, including cutting-edge classrooms, Bloomberg terminals and a simulated trading room. Their gift will ensure that these areas remain current or even ahead of the curve.

Housed in the newly built cutting-edge Massry Center for Business, the School of Business can be recognized for the excellent school it has always been.


Alumna Meg MacClarence '02, director of major and planned gifts for the U.S. Ski and Snowboard Team Foundation, speaks at a dinner celebrating the naming of the Massry Center for Business.