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Current company The University Of Massachusetts Foundation
Non-Profit Organizations · 29 employees · Newton, Massachusetts, United States
Since its founding in 1950, the University of Massachusetts Foundation has been dedicated to promoting the growth, progress, and general welfare of the University of Massachusetts. From its earliest days, the Foundation, a separate 501(c)(3), like similar establishments supporting public universities across the nation, enabled the prudent and practical separation of private funds from state funds. One of the Foundation’s primary roles has been investing and administering the University’s endowment which today includes more than $1.31 billion in assets. Over the last decade, the endowment assets have nearly doubled — distributing $43 million annually in spendable endowment income. These funds directly and reliably aid some of our University’s most gifted and deserving students, its brilliant faculty, and numerous other institutional priorities. Along with managing the University’s endowment, the Foundation partners with the five campuses on programs and initiatives that further enhance and fulfill its founding mission. Helping the University of Massachusetts to serve its students and alumni and realize its mission of access, affordability, and excellence is a responsibility that the UMass Foundation takes seriously. Our alumni and donors help ensure continued growth at the University of Massachusetts