John Yurtchuk Explained

John R. Yurtchuk (born May 14, 1955) is an economist, businessman, developer, and philanthropist based out of Western New York.

Education

Yurtchuk completed all of his Ph.D. course work at the University at Buffalo, where he also earned his B.A. and M.A. in economics.

Early career

Early in his career, Yurtchuk worked as a Wall Street banker with Irving Trust Company and taught as a college instructor in economics and business at various institutions of higher learning.

Business career

In 1990, Yurtchuk founded Matrix Development Corporation, through which he developed a wide range of commercial, medical, industrial, and residential projects in Western New York, the New York City metropolitan area, Florida, and Rhode Island.^{[1] [2]} He and a partner acquired Calspan Corporation from General Dynamics in 2005.^{[3] [4]}  Headquartered in Buffalo, New York, Calspan specializes in aerospace and defense testing.^[5]

In March of 2023, TransDigm Group, a Cleveland-based aerospace company, acquired Calspan for $725 million.^[6]

Board memberships

In 2019, Yurtchuk was appointed to the board of the National Trust for the Humanities, where he has served as treasurer and most recently chair. This philanthropic organization supports the National Endowment for the Humanities.^{[7] [8]}

He is the Chairman of the Daemen University Board of Trustees, as well as the Buffalo Philharmonic Orchestra Board of Trustees.^{[9] [10]}

Charity work

Yurtchuk is a former chairman of the Board of Trustees of the Western New York Chapter of the American Red Cross and was a Founding Member of the American Red Cross’ National Loyalty Circle Leadership Society,^{[11] [12] [13]} the Chairman of the Switheart Animal Alliance (which he co-founded with actress Loretta Swit), a Founding Board Member of Eyes Across America, and has served on the boards for the Albright-Knox Art Gallery and Friends for Felines.^{[14] [15] [10] [7]}

Awards and recognition

Daemen University awarded Yurtchuk the institution's highest recognition of community leaders, the Daemen University Presidential Medal, as well as an honorary Doctor of Humane Letters.^[12] Both awards recognize individuals who act as exemplary role models for alumni, students, and the community at large.^[12]

He resides in Williamsville, NY and in Ocean Ridge, FL.

Notes and References

1. Web site: 2016-02-23 . John Yurtchuk - BPO . 2023-07-15 . en-US.
2. Web site: LittleSis: John R Yurtchuk . 2023-07-15 . littlesis.org.
3. Web site: Calspan Builds on Dynamic History :: Calspan . 2023-07-15 . calspan.com.
4. Web site: John R. Yurtchuk, Chair . 2023-07-15 . NATIONAL TRUST FOR THE HUMANITIES . en-US.
5. Web site: History :: Calspan . 2023-07-15 . calspan.com.
6. Web site: Matt . Glynn . 2023-03-14 . Calspan to be acquired by a Cleveland-based company . 2023-08-13 . Buffalo News . en.
7. University . Daemen . Yurtchuk Named Chair of the National Trust for the Humanities Board . 2023-07-15 . www.prnewswire.com . en.
8. Web site: John Yurtchuk named to board . 2023-07-15 . The National Endowment for the Humanities . en.
9. Web site: Board of Trustees Daemen University . 2023-07-15 . www.daemen.edu.
10. Web site: Drury . Tracey . 2022-04-13 . Building a Better Buffalo: John Yurtchuk keeps the music playing at BPO . 2023-07-01 . Buffalo Business First.
11. Web site: Red Cross Ball honors volunteer nurses at Mar-a-Lago in Palm Beach . 2023-07-15 . Palm Beach Daily News . en-US.
12. Web site: Robison . Daniel . 2021-08-01 . John Yurtchuk Awarded Presidential Medal . 2023-07-15 . Daemen Voice . en-US.
13. Web site: Epstein . Jonathan D. . 2017-09-14 . Plan to donate Clement Mansion will give BPO, Red Cross shared home . 2023-07-15 . Buffalo News . en.
14. Web site: Calspan Leadership Invest in the Western New York Community . 2023-07-15 . calspan.com.
15. Web site: Tabby Town Corporate Partners . 2023-07-15 . www.tabbytown.org.