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University of Massachusetts Foundation, Inc. Endowment Fund

Name: UMass Foundation

Assets Under Management: $754 Million (Source: University of Massachusetts Foundation, Inc. on 6/30/2014)

Annual Report: 2013 Annual Financial Report – University of Massachusetts Foundation, Inc.

Portfolio Insights: “The financial information presented in the Financial Report is designed to aid a wide variety of readers to assess the effectiveness of the University’s management of its resources in meeting its primary mission of instruction, research, and public service. This report is intended to form a comprehensive and permanent record of the finances of the University of Massachusetts, and it is submitted as the public accounting of the University’s financial affairs for the fiscal year ended June 30, 2013 including comparative information as of June 30, 2012. The University’s net assets increased $246.9 million from $2.39 billion in fiscal year 2012 to $2.64 billion in fiscal year 2013.” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top University of Massachusetts Foundation, Inc. Headlines:

1) The University of Massachusetts’ endowment increased 14 percent in fiscal 2014, reaching $757 million as of June 30, UMass announced Wednesday. A year earlier, the university system’s endowment was valued at $664.2 million, UMass said. The endowment distributed nearly $18 million to the UMass campuses during the 2013-2014 academic year.

UMass raised $117 million in fiscal year 2014 in gifts and pledges, UMass said in a press release, which is a 12 percent increase over the $104 million it raised in fiscal year 2013.

The news of its endowment growth comes as UMass pushes forward with a fundraising campaign on each of its five campuses that’s intended to raise between $800 million and $1 billion by 2021. So far the campaign has raised $389 million and the money is targeted for student scholarships and faculty research funding, said Robert Connolly, a spokesman for UMass. (Source)

2) The University of Massachusetts Foundation manages endowment funds received from private donors and matching funds provided by the state government.

The University of Massachusetts campuses (Amherst, Boston, Dartmouth, Lowell and Worcester) are accredited by the New England Association of Schools and Colleges, which accredits schools in the six New England states. Membership in the Association indicates that the institution has been carefully evaluated and found to meet standards agreed upon by qualified educators. Many of each campus’ schools and colleges are also accredited by discipline-specific agencies. (Source)

3) The UMass Office of the Treasurer (OT) is solely responsible for all traditional treasury functions of UMass. One of its primary functions is the investment and reconciliation of funds held by UMass. Under the general direction of the UMass Treasurer, the Associate Treasurer is responsible for keeping abreast of the investment market on a day-to-day basis in order to evaluate the investment options available to UMass. The Associate Treasurer is also responsible for the day-to-day operational activity of the UMass OT. (Source)

4) The Student Managed Fund (SMF) is currently investing $25,000 from the University of Massachusetts Foundation ‘s endowment in equity securities. A student led fundraising effort is now underway to build the fund to a level similar to other business schools around the country. The additional $25,000 will allow students to run a properly diversified portfolio and truly apply the theories learned from faculty and industry professionals. The Foundation will match any gift made to the SMF. As the fund grows to an endowed status, the earnings will generate new scholarships, and our success will enhance the overall reputation of the Isenberg School of Management. (Source)

5) Nov 21, 2014 – The University of Massachusetts Foundation on Friday announced its plans for a print, digital and radio capital fundraising campaign. The “Your UMass Gift Works” ads were produced by the national agency Lipman Hearne, and the campaign was developed by Boathouse Inc. of Waltham, working with communications officials in UMass President Robert Caret’s office. (Source)

About Richard C. Wilson