Key facts

Reported value

USD 1.80 billion

As of

June 30, 2025

Portfolio

Long-Term Pool

Location

Newton, MA

Investment office

University of Massachusetts Foundation

Data through FY2025

Balance reference

Endowment size and reporting scope

An endowment can contain many individual accounts with different donor purposes. Investing them together changes how assets are managed, while the accounts continue to record each beneficiary's interest. The market value of a pooled vehicle can also include reserves or other long-term funds. An endowment balance, a managed pool and total organizational assets can consequently differ even when all figures are reported accurately. Survey scope and definitions

The official USD 1,800.000 million figure and the FY2025 survey's USD 1,801.260 million describe their respective dates and reporting categories. The official balance retains its stated label, foundation endowment, rounded official value. A change in currency, period or included accounts can produce a different total; the figures are presented separately. Official financial scope

Source: NACUBO · Data through FY2025

The FY2025 survey value for University of Massachusetts Foundation is USD 1,801.260 million, compared with USD 1,546.918 million for FY2024. The USD 254.342 million movement is 16.44% of the earlier balance. It includes changes in investments as well as additions and distributions. NACUBO explicitly distinguishes this change in market value from an investment rate of return. FY2025 respondent values and definitions

The available history begins in FY2016 at USD 734.166 million and ends in FY2025 at USD 1,801.260 million. The change across those observations is USD 1,067.094 million. The smallest reported balance in the displayed series is USD 734.166 million in FY2016; the largest is USD 1,801.260 million in FY2025. These are closing asset values. They do not show how much of a year's movement came from new gifts, spending or investment results. NACUBO historical workbook

Investment returns

Performance report

A trailing multi-year return is an annualized compound result over the period shown. The one-year figure covers the final year. These periods overlap, so their returns are not added. A published dollar investment gain can reflect accounting categories and cash flows that differ from the percentage performance calculation. Return definitions and reporting basis

Spending policy and payout

The foundation endowment distributed $46.4 million to the campuses in FY2025. Nearly 56% supported students and financial aid. The report separates foundation endowment distributions from broader university revenue and from the value of new gift commitments. Spending disclosure

Source: umassfoundation.org · Data through FY2025

Distribution report

The size of a spending account is separate from the current market value of its underlying endowment. A transfer from the investment pool authorizes support for the account's purpose. A smoothing formula can delay the effect of market gains or losses on that support. Unspent distributions can also remain available for a beneficiary beyond the year of appropriation. Spending measures

Governance and investment office

The University of Massachusetts Foundation is an independent nonprofit founded in 1950. Its Board of Directors and Investment Committee oversee the professional investment team. The foundation invests individual donor funds together while preserving the purpose attached to each account. Investment governance

Federal excise tax on investment income

Public Law 119-21 changed Section 4968 for tax years beginning after December 31, 2025. Applicable private institutions must have at least 3,000 tuition-paying students in the preceding tax year, with more than half located in the United States, and student-adjusted endowment of at least $500,000. The rates are 1.4% from $500,000 through $750,000 per student, 4% above $750,000 through $2 million, and 8% above $2 million. Enacted law, Section 70415 These rates apply to net investment income, using the law's prior-year asset and student-count definitions.

Section 4968 excludes state colleges and universities described in Section 511(a)(2)(B). Supporting foundations retain their own legal and filing identities, with related-organization rules read alongside the public-university exclusion. A foundation's public endowment value does not, by itself, assign it a private-college tax tier.

FY2025 size-band comparison

The FY2025 survey value of USD 1,801.260 million places this respondent in the $1B to $5B band. The published band contains 125 respondents and USD 268.0 billion of aggregate assets. Its average five-year annualized net return is 10.8%, and its ten-year average is 8.0%. The size classification follows the survey-year balance even where an official disclosure on this page uses a later year or a different portfolio scope. NCSE size groups NCSE average net returns

Source: NACUBO · Data through FY2025

The peer mix describes average reported exposures within one size band. It does not reveal individual securities or the availability of cash at a particular institution. Respondents can also use different policy benchmarks. NCSE returns are net of external management fees and expenses for periods ending June 30, 2025; those periods and fee labels govern any numerical return comparison on this page. NCSE allocation definitions

Public records and reporting dates

NACUBO's respondent is University of Massachusetts Foundation. Annual financial statements and any nonprofit return can cover a different legal entity or a wider group of resources. A university, a supporting foundation and an investment pool can each report its own assets. Total organizational assets also include resources outside the endowment, and the tax-return accounting period can differ from the survey's reporting year. Those distinctions govern how public records are compared. Respondent identity

Related reading

• MA endowments
• Comparable endowment sizes
• Endowment directory
• Endowments by state
• Endowments by size
• Foundation endowments
• Brandeis University
• College of the Holy Cross
• Mount Holyoke College