Donors who create an endowment understand the importance of supporting the university not only during their lifetime, but for generations to come.
UMass Boston's endowment consists of funds given to the university that are invested in perpetuity. Endowed funds can be unrestricted, providing a resource that can be used to meet current university priorities and promising opportunities as they arise, or can be designated for specific purposes, including scholarships and fellowships; professorships, directorships, and deanships; academic or research programs; and capital maintenance.
The University of Massachusetts Foundation, a private 501c3 organization, manages the university’s endowment. Its Investment Committee ensures a total return necessary to preserve and enhance the principal of the funds and, at the same time, provide a dependable source of income for designated programs.
Establishing an endowment is an act of extraordinary generosity and vision. Donors often choose to establish an endowed fund to honor a loved one, or to memorialize an important figure in their life, ensuring that their values will permanently guide the university’s success. The foundation accepts gifts in the form of cash, stocks, bonds, personal property, and real estate, as well as estate and deferred gifts.
To learn more about making a gift to endowment, contact Gina Cappello, vice chancellor, at 617-287-5335.