University of Massachusetts Foundation
University of Massachusetts Foundation reported $172.5 million in revenue and $52.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $61.13 went to program services, $34.02 to management and general costs and $4.85 to fundraising. Its largest source of revenue was contributions and grants: 51.9% of the total. Government grants made up 5.9%. The highest compensation it reported for one person was $1,777,237 (CHIEF INVESTMENT OFFICER). 21 people received more than $100,000 in reportable compensation. Revenue rose 255% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $53MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $173MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 61.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 34.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 51.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.9% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,777,237 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.37% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 21 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 348.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe University of Massachusetts foundation, inc. Invests funds for the benefit of the University of Massachusetts and to promote the general welfare of higher education in the commonwealth of massachusetts. The foundation's support includes but is not limited to scholarship and education programs and general program support
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF INVESTMENT OFFICER Key employee, 40.00 hrs/week | $1,469,690 | $0 | $307,547 | $1,777,237 |
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $1,014,591 | $0 | $158,911 | $1,173,502 |
| MANAGING DIRECTOR, INVESTMENT TEAM Highest compensated employee, 40.00 hrs/week | $563,826 | $0 | $179,926 | $743,752 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $404,666 | $0 | $96,911 | $501,577 |
| GENERAL COUNSEL Officer, 40.00 hrs/week | $355,810 | $0 | $96,088 | $451,898 |
| DIRECTOR OF INVESTMENT OPERATIONS Highest compensated employee, 40.00 hrs/week | $312,757 | $0 | $95,078 | $407,835 |
| DIRECTOR OF INVESTMENT (UNTIL 9/25) Highest compensated employee, 40.00 hrs/week | $292,734 | $0 | $108,041 | $400,775 |
| CHIEF DIGITAL INFORMATION OFFICER Key employee, 40.00 hrs/week | $248,215 | $0 | $29,033 | $277,248 |
21 people received more than $100,000 in reportable compensation from University of Massachusetts Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 546
- Volunteers Part I, line 615
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CLOUD FOR GOOD LLC It subscriptions and service | $1,499,484 |
| SALESFORCE It subscriptions and service | $1,160,504 |
| EVERTRUE INC It subscriptions and service | $274,843 |
| GRAVYTY It subscriptions and service | $255,000 |
| INSOURCE SERVICES INC Hr consultants | $201,069 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
37 private foundations reported grants to University of Massachusetts Foundation totaling $4.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of Massachusetts Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Massachusetts Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Massachusetts Foundation spent in FY2025, $61.13 went to programs. The full breakdown, from its IRS Form 990:
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- The Queens Borough Public LibraryJamaica, NY · revenue $172M · programs 87.4% · FY2025
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- Maryville University - St LouisSt Louis, MO · revenue $172M · programs 82.0% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of University of Massachusetts Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Massachusetts Foundation reported that 61.1% of its $52.7 million in expenses went to program services, 34.0% to management and general and 4.8% to fundraising (Form 990, Part IX).
How much does University of Massachusetts Foundation pay its top executive?
The largest total compensation University of Massachusetts Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,777,237, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Massachusetts Foundation get its money?
Of $172.5 million in revenue in the fiscal year ending June 30, 2025, 51.9% came from contributions and grants (including 5.9% from government grants) and 3.5% from program service revenue (Form 990, Part VIII).
Is University of Massachusetts Foundation a registered charity?
The IRS lists EIN 04-6013152 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349306395 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349312684 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349310888 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349308972 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349310084 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121349349304852 · read the filing
All filings for EIN 04-6013152: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.