University of Massachusetts Foundation, Inc.
Nonprofit Organization Management - Newton, Massachusetts, United States
University of Massachusetts Foundation, Inc. Employees
University of Massachusetts Foundation, Inc. Senior Management
University of Massachusetts Foundation, Inc. Details
Since its founding in 1950, the UMass Foundation has been dedicated to promoting the growth, progress, and general welfare of the University of Massachusetts. From its earliest days, the Foundation, like similar establishments supporting public universities across the nation, enabled the prudent and practical separation of private funds from state funds.Initially, the UMass Foundation supported the sole campus in Amherst and oversaw the management and investment of its modest endowment. Today, the original mission is more crucial than ever and includes five campuses and more than $922 million in assets. These assets have more than doubled in the last decade — distributing $28 million annually in spendable endowment income, including more $6.8 million in student financial aid. 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.
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