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The New York Building Foundation

The New York Building Foundation was formed in 1998 to promote the long-term growth and well being of the industry through a program of research, educational and philanthropic activities.

Examining the impact of building on New York's economy, its workforce and residential quality of life.

Highlighting the industry's critical contributions to the City and recognizing its unsung heroes.

Assisting tomorrow's builders through educational and mentoring programs.

Encouraging industry leaders to use their skills, time and resources to make New York City a better place for all.


New York's Rising Construction Costs

A Report from the New York Building Congress and New York Building Foundation. Download the PDF


Research & Analysis

In seeking to better serve the industry and contribute to public debate on issues concerning design and construction, as well as the City's economic future, the New York Building Foundation has made research and analysis a major part of its efforts.

Construction Outlook
The Building Foundation and its parent organization, the New York Building Congress, sponsor research and publish periodic reports on construction in New York City. These reports analyze the impact of current design, construction and real estate activity on the
City's economy and quality of life, and provide valuable forecasts of job creation and construction spending in the years ahead. (more)

Special Issue Reports
As a partner in various reports prepared to encourage responsible development, coordinate capital investment and to analyze industry trends, the Building Foundation continues its mission to provide tools to industry and political leaders that can help foster progressive, comprehensive planning for New York. Reports recently produced include:

  • Building for Growth: A Development Strategy for New York City's Long-Term Prosperity, which focuses on the City's availability of land, transportation and communications infrastructure, planning and zoning, and the competitive aspects of its economy; and,
  • The Capital Question: Financing New York City's Future Infrastructure, which analyzes all public capital spending in New York, the importance of debt financing to this spending and ways such investments might be better coordinated. (more)



The New York Building Foundation was created by construction industry leaders in part to marshal the diverse talents and energies of local firms and trade unions toward projects that give back to the community. Work completed on behalf of Peter's Place and the Center for the Elimination of Violence in the Family were the first such projects.



  • New York Building Foundation Announces Additions to its Board of Governors (more)
  • Forest City Ratner Companies and The Durst Organization are Latest Firms to Join Construction for a Livable City Program (more)
  • Frank J. Sciame Elected Chairman of New York Building Foundation (more)
  • New York Building Foundation releases Construction for a Livable City Report (more)
  • South Bronx High School Students Getting Trip of a Lifetime (more)
  • Dominick Servedio Elected Chairman of New York Building Foundation. (more)
  • New York Building Foundation awards $70,000 in scholarships and grants. (more)


Biennial Report

2017-2018 Biennial Report



One of the New York Building Foundation's goals is to support the development of the next generation of industry leaders. This goal is accomplished most directly by the Hennessy Fund, through which the Building Foundation provides opportunities and funding for professional fellowships and student internships within the design, construction and real estate industry. The Building Foundation also sponsors one or more annual scholarships as part of the ACE Mentor Program. In addition, and in partnership with the Building Congress, an ACE scholarship is awarded each year in the name(s) of the recipient(s) of the George A. Fox Public Service Award, given at the New York Building Congress Anniversary Leadership Awards Luncheon.



The Building Foundation depends on the support of firms and individuals committed to leveraging the building industry's talents and vast resources for the betterment of all New Yorkers.

Committment Levels

Governor: Give/get guideline of $10,000 annually

Benefactor: Give/get guideline of $2,500 annually

Friend: Gift of any amount entitles you to receive all Foundation mailings and invitations.