University of Massachusetts Foundation Inc

Public charity · Grantmaker Newton, MA EIN: 04-6013152

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 & public gifts for the benefit of the university of Massachusetts and its educational mission.

Key facts about University of Massachusetts Foundation Inc

In short: University of Massachusetts Foundation Inc gave $32.2M across 2 grants in 2025 (avg $16.1M), mostly in Massachusetts. Source: 2025 IRS Form 990.

EIN
04-6013152
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$32,206,481
Grants made (2025)
2
Average grant
$16,103,241
Median grant
$16,103,241
Total assets
$2,798,247,960
Primary geography
Massachusetts (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.8B

+112.8% YoY

Annual Giving

$32.2M

+20.6% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$16.1M

+20.6% YoY

How University of Massachusetts Foundation Inc gives

  • Giving grew 67% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About University of Massachusetts Foundation Inc

Based on IRS filings

University of Massachusetts Foundation Inc is a public charity focused on Education, based in Newton, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.8B in total assets. In 2025, it awarded 2 grants totaling $32.2M. Net investment income was $77.0M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

Cities

ShrewsburyBostonPittsfield

Giving Over Time

Total grant dollars and number of grants per year

$0$10M$20M$30M$40M1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 2 grants2024 2 grants2025

From 2019 to 2025, annual grant giving ranged from $16.6M (2020) to $32.2M (2025). In 2025 it made 2 grants totaling $32.2M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

University of Massachusetts: $32.1MUniversity of Massachusetts$32.1MBerkshire Health Systems Inc: $58KBerkshire Health Systems Inc$58K

The largest 2025 recipient was University of Massachusetts ($32.1M). Together the top 2 received $32.2M.

Grant Size Distribution

7 grants across all recorded years

<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 7 (71%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Massachusetts Boston, MASee Part IV$32,148,135
Berkshire Health Systems Inc Pittsfield, MATo Support Medical Education at Berkshire Medcial Center$58,346

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100M$200M$300M$400M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,798,247,960$1,315,154,794$1,147,511,717
Revenue$172,508,463$102,206,758$113,438,486
Expenses$52,686,406$46,122,528$46,052,746
Net Investment Income$77,046,575$36,512,266$27,535,735

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
  6. Added Form 990 for fiscal year 2019 (received by the IRS May 15, 2020)
  7. Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
  8. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

University of Massachusetts Foundation Inc is led by James R. Julian Jr., Chief Executive Officer since 2024 (on filings since 2019); 11 of 27 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • James R. Julian Jr.

    Chief Executive Officer

    Executive Vice President & Ex-Officio → CEO, 2023

    CEO → Chief Executive Officer, 2024

    On filings since 2019

    40 hrs/week

    $367K (2023) → $1M (2025)

  • Robert J. Manning

    Director & Chair

    Director → Vice Chair, 2023

    Vice Chair → Director & Chair, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Geoffrey Bowes

    Managing Director & Investment Team

    On filings since 2020

    40 hrs/week

    $311K (2020) → $564K (2025)

  • Derek Wade

    Director of Investment Operations

    On filings since 2024

    40 hrs/week

    $271K (2024) → $313K (2025)

  • Hsungwen Chang

    Director of Investment

    On filings since 2024

    40 hrs/week

    $247K (2024) → $293K (2025)

  • William K. Chase

    Senior Director of It Infrastructer & Security

    Senior Director of It Infrastructure & Security → Senior Director of It Infrastructer & Security, 2025

    On filings since 2024

    40 hrs/week

    $178K (2024) → $190K (2025)

  • Daniel E. Feder

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Edward H. D'alelio

    Director

    Chair & Director → Chair, 2023

    Chair → Director, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jose F. Demedeiros

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Maria D. Furman

    Director & Secretary

    Secretary & Director → Secretary, 2023

    Secretary → Director & Secretary, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Nathan P. Chesley

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Philip W. Johnston

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • R. Norman Peters Esq.

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Robert R. Reitano

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Suzanne L. Stefany

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Warren J. Isabelle

    Director

    Director → Director & Treasurer, 2022

    Director & Treasurer → Director, 2023

    On filings since 2019

    1 hr/week

    No compensation reported

  • Victor Woolridge

    Director & Treasurer

    Director → Treasurer, 2023

    Treasurer → Director & Treasurer, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Grace K. Fey

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jose J. Cortez

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Katherine P. Craven

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Paul T. Quistberg

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Jonathan Gibbons

    Chief Investment Officer

    On filings since 2019

    40 hrs/week

    $455K (2019) → $1.5M (2025)

  • Barry F. Morrison

    Chief Financial Officer

    CFO → Chief Financial Officer, 2024

    On filings since 2023

    40 hrs/week

    $103K (2023) → $405K (2025)

  • Paul Dawley

    General Counsel

    On filings since 2023

    40 hrs/week

    $110K (2023) → $356K (2025)

  • Qing Wan

    Controller

    On filings since 2024

    40 hrs/week

    $188K (2024) → $193K (2025)

  • Katherine D. Targett

    Chief Digital Information Officer

    New on the 2025 filing

    40 hrs/week

    $248K (2025)

  • Theresa Curry

    Vice President for Development

    New on the 2025 filing

    40 hrs/week

    $181K (2025)

Former officers (33)
  • Former: Theresa Curry Vp Develop (2023–2024) — Constituent Engmt & Asso. General Counsel
  • Former: Christopher J. Youlden (2019–2023) — Invmt. Associate
  • Former: Linda Liang (2019–2023) — Director of Operations
  • Former: Jose F. Demederios (2021–2023) — Director
  • Former: Michael Barone (2022–2023) — Interim CFO
  • Former: Maura O'Keefe (2023) — Senior Foundation Associate
  • Former: Sarah McDonnel (2023) — Assistant General Counsel
  • Former: Douglas Cliggott (2019–2022) — Director
  • Former: Jacqueline Moloney (2019–2022) — Director
  • Former: Judith A. Murphy (2019–2022) — Associate Vice President Finance & Ctrl
  • Former: Kumble R. Subbaswamy (2019–2022) — Director
  • Former: Lisa A. Calise (2019–2022) — Director
  • Former: Mary L. Burns (2019–2022) — Director
  • Former: Michael F. Collins MD (2019–2022) — Director
  • Former: Patricia C. Flaherty (2019–2022) — Director
  • Former: Robert D. Ettinger (2019–2022) — Director
  • Former: Sandra E. Costa (2019–2022) — Director
  • Former: Stephen R. Dunne (2019–2022) — Treasurer & Director
  • Former: Marcelo M. Suarez-Orozco (2021–2022) — Director
  • Former: Mark A. Fuller (2021–2022) — Director
  • Former: Daniel Swartz Exec Dir (2022) — Adv. Systems
  • Former: Sandy Fisher Assoc Vp (2022) — Adv. Systems
  • Former: Theresa Curry Vp Devel Const Eng (2022) — Associate General Counsel
  • Former: Daniel Swartz (2019–2021) — Executive Director & Advancement Systems
  • Former: James P. Pappas (2019–2021) — Secretary & Director
  • Former: Katherine S. Newman PhD (2019–2021) — Director
  • Former: Robert E. Johnson PhD (2019–2021) — Director
  • Former: Sandy Fisher (2019–2021) — Associate Vice President & Advancement Systems
  • Former: Charles J. Pagnam (2019–2020) — Former Executive Vice President
  • Former: Martin T. Meehan (2019–2020) — Director
  • Former: Stanley L. Fung (2019–2020) — Director
  • Former: John D. Kattar (2019) — Director
  • Former: Mary L. Reed (2019) — Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Jonathan Gibbons — Chief Investment Officer: $1.5MJonathan GibbonsChief Investment Officer$1.5MJames R Julian Jr — Chief Executive Officer: $1.0MJames R Julian JrChief Executive Officer$1.0MGeoffrey Bowes — Managing Director, Investment Team: $564KGeoffrey BowesManaging Director, Investment…$564KBarry Morrison — Chief Financial Officer: $405KBarry MorrisonChief Financial Officer$405KPaul Dawley — General Counsel: $356KPaul DawleyGeneral Counsel$356KDerek Wade — Director of Investment Operations: $313KDerek WadeDirector of Investment…$313KHsungwen Chang — Director of Investment (Until 9/25): $293KHsungwen ChangDirector of Investment (Until…$293KKatherine D Targett — Chief Digital Information Officer: $248KKatherine D TargettChief Digital Information…$248KQing Wan — Controller: $193KQing WanController$193KWilliam K Chase — Sr. DIR. of It Infrastructer & Security: $190KWilliam K ChaseSr. DIR. of It Infrastructer &…$190KTheresa Curry — VP for Dev & Ce (Until 1/25): $181KTheresa CurryVP for Dev & Ce (Until 1/25)$181K

The highest reported compensation on the 2025 filing was $1.5M, to Jonathan Gibbons (Chief Investment Officer). 11 officers or directors reported compensation on that filing.

Frequently asked questions about University of Massachusetts Foundation Inc

How much does University of Massachusetts Foundation Inc give each year?

University of Massachusetts Foundation Inc gave $32.2M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $26.7M across 2 grants.

How large is University of Massachusetts Foundation Inc?

University of Massachusetts Foundation Inc reported $2.8B in total assets on its 2025 IRS Form 990. Its revenue that year was $172.5M.

What is University of Massachusetts Foundation Inc?

University of Massachusetts Foundation Inc is a public charity focused on Education, based in Newton, MA. It holds $2.8B in total assets as of 2025.

Where does University of Massachusetts Foundation Inc operate?

University of Massachusetts Foundation Inc has awarded grants in Massachusetts.

What is University of Massachusetts Foundation Inc's EIN?

University of Massachusetts Foundation Inc's EIN (Employer Identification Number) is 04-6013152. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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