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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3B
+14.6% YoY
Annual Giving
$26.7M
+17.1% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$13.4M
-41.5% YoY
About University of Massachusetts Foundation
Based on IRS filings
University of Massachusetts Foundation is a nonprofit organization focused on Education, based in NEWTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3B in total assets. In 2024, it awarded 2 grants totaling $26.7M. Net investment income was $36.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,315,154,794 | $1,147,511,717 | $988,407,109 |
| Revenue | $102,206,758 | $113,438,486 | $315,298,982 |
| Expenses | $46,122,528 | $46,052,746 | $29,200,176 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $36,512,266 | $27,535,735 | $7,212,542 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Massachusetts ($26,652,041), Berkshire Health Systems Inc ($54,641).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF MASSACHUSETTS BOSTON, MA | SEE PART IV | $26,652,041 |
| BERKSHIRE HEALTH SYSTEMS INC PITTSFIELD, MA | TO SUPPORT MEDICAL EDUCATION AT BERKSHIRE MEDCIAL CENTER | $54,641 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT J MANNING | DIRECTOR/CHAIR (AS OF 1/1/24) | 1 | — |
| EDWARD H D'ALELIO | DIRECTOR (& CHAIR THRU 12/31/23) | 1 | — |
| VICTOR WOOLRIDGE | DIRECTOR/TREASURER | 1 | — |
| MARIA D FURMAN | DIRECTOR/SECRETARY | 1 | — |
| NATHAN P CHESLEY | DIRECTOR | 1 | — |
| JOSE J CORTEZ | DIRECTOR | 1 | — |
| KATHERINE P CRAVEN | DIRECTOR | 1 | — |
| JOSE F DEMEDEIROS | DIRECTOR | 1 | — |
| DANIEL E FEDER | DIRECTOR | 1 | — |
| GRACE K FEY | DIRECTOR | 1 | — |
| WARREN J ISABELLE | DIRECTOR | 1 | — |
| PHILIP W JOHNSTON | DIRECTOR | 1 | — |
| R NORMAN PETERS ESQ | DIRECTOR | 1 | — |
| PAUL T QUISTBERG | DIRECTOR (AS OF 1/1/24) | 1 | — |
| ROBERT R REITANO | DIRECTOR | 1 | — |
| SUZANNE L STEFANY | DIRECTOR | 1 | — |
| JAMES R JULIAN JR | CHIEF EXECUTIVE OFFICER | 40 | $962,107 |
| THERESA CURRY VP DEVELOP | CONSTITUENT ENGMT/ASSO. GEN COUNSEL (THRU 1/2024 | 40 | $327,255 |
| BARRY MORRISON | CHIEF FINANCIAL OFFICER | 40 | $298,525 |
| PAUL DAWLEY | GENERAL COUNSEL | 40 | $281,007 |
| JONATHAN GIBBONS | CHIEF INVESTMENT OFFICER | 40 | $978,492 |
| GEOFFREY BOWES | MANAGING DIRECTOR, INVESTMENT TEAM | 40 | $591,415 |
| DEREK WADE | DIRECTOR OF INVESTMENT OPERATIONS | 40 | $270,763 |
| HSUNGWEN CHANG | DIRECTOR OF INVESTMENT | 40 | $246,829 |
| QING WAN | CONTROLLER | 40 | $187,694 |
| WILLIAM K CHASE | SR. DIR. OF IT INFRASTRUCTURE & SECURITY | 40 | $178,250 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is University of Massachusetts Foundation?
University of Massachusetts Foundation is a nonprofit organization focused on Education, based in NEWTON, MA. It holds $1.3B in total assets as of 2024.
How large is University of Massachusetts Foundation?
As of 2024, University of Massachusetts Foundation holds $1.3B in total assets with $102.2M in annual revenue. It awarded 2 grants totaling $26.7M in 2024.
Where does University of Massachusetts Foundation operate?
University of Massachusetts Foundation has awarded grants in Massachusetts.
What size grants does University of Massachusetts Foundation award?
In 2024, University of Massachusetts Foundation awarded 2 grants totaling $26.7M — an average of about $13.4M per grant, based on its IRS Form 990 filings.
What is University of Massachusetts Foundation's EIN?
University of Massachusetts Foundation's EIN (Employer Identification Number) is 04-6013152. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in University of Massachusetts Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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