University of Massachusetts Foundation Inc.
University of Massachusetts Foundation Inc.
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About this organization
Mission
The mission of the University of Massachusetts Foundation is to foster and promote the growth, progress and general welfare of the University of Massachusetts.
About
The UMass Foundation is a 501(c)(3) non-profit corporation established to foster and promote growth and progress across the University of Massachusetts. Serving the five campuses of the University, it is overseen by a Board of Directors. The goal of the Foundation is to serve as a depository for charitable funds, separate from public funds, and to manage and allocate assets in a prudent and flexible manner. The Foundation also provides support to University fundraising programs and helps oversees other critical initiatives that span the five campuses.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “To foster and promote the growth, progress and general welfare of the university of massachusetts as stated in the original 1950 articles of organization. to invest private support for the benefit of the university of massachusetts.”.
When referring to its actions, they were described as: “The mission of the university of massachusetts foundation, inc. is to foster and promote the growth, progress and general welfare of the university of massachusetts as stated in the original 1950 articles of organization. the foundation receives, invests and disburses private gifts for the benefit of the university of massachusetts and its educational mission.”.
- According to the law, the state of operation reported by the non-profit is MA.
- As per the filing, the address of the non-profit for 2020 is ONE BEACON STREET 31ST FLR, BOSTON, MA, 02108.
- According to their form, the non-profit as of 2020 has a total of 13 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $17,782,294.
- The organization has 26 independent voting members.
- The organization was formed in 1950.
- The organization pays $3,028,748 in salary, compensation, and benefits to its employees.
- The organization pays $7,773,713 in fundraising expenses.
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