Return to Table of ContentsApril 1998
UMass Boston First Advances
Towards $50 Million GoalThe UMass Boston First Campaign reports good progress as Fiscal Year 1998 enters its final quarter. The University has acquired approximately $5.5 million in cash gifts, pledges, bequests and gifts-in-kind towards this year's $8 million goal. The number of new, first-time contributors to UMass Boston continued to increase this year, with a 30% increase over last year.
This quarter, Professor Philip Hart and his wife, Tanya, have made a gift of $25,000 to the University endowment for the Philip and Tanya Hart Urban Economic Development Lecture Series. The series will complement a new graduate program in community economic development which will be housed in CPCS. The program is presently in the approval process.
Hart, a longtime CPCS faculty member and member of the Campaign Cabinet, said that he and his wife felt it was important to give something back to the University. They put their gift towards the University endowment in order to make it eligible for the Massachusetts Higher Education Endowment Incentive Program, which will boost the Harts' gift by an additional $12,500.
The Massachusetts Higher Education Endowment Incentive Program has challenged the University to raise $1,045,760 in endowment funds in order to receive an additional $522,880 through its one to two matching program this year.
Achievement of this year's $8 million goal will bring theUMass Boston First Campaign to the $25 million mark. Three and one half years remain in the five year, $50 million campaign.