EIN 04-6013152

University of Massachusetts Foundation

Name: University of Massachusetts Foundation financials for 2020
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Boston

State

Massachusetts

Year formed

1950

Most recent tax filings

2020-06-01

NTEE code, primary

V11: Social Science Single Organization Support

Description

The mission of the University of Massachusetts Foundation 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.

Total revenues

$48,530,151

2020

Total expenses

$28,054,629

2020

Total assets

$642,455,669

2020

Num. employees

2020

Program areas at University of Massachusetts Foundation

The University of Massachusetts Foundation, Inc. Invests funds for the benefit of the University of Massachusetts including, but not limited to support of the scholarship and education programs and general program services expenditures.

Grants made by University of Massachusetts Foundation

Grantee	Grant description	Grant year	Amount
University of Massachusetts	See Part Iv	2020-06	$16,623,686

Who funds University of Massachusetts Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Schwab Charitable Fund	2020-06	Education	$1,650,816
The Oprah Winfrey Charitable Foundation	2019-12	Create the Owc Foundation Endowment	$1,500,000
Morgan Stanley Global Impact Funding Trust	2019-12	Unrestricted General Support	$500,000
...and 42 more grants received totalling $5,602,266

Personnel at University of Massachusetts Foundation

Name	Title	Compensation	Date of data
Jonathan Gibbons	Chief Investment Officer	$500,429	2020-06-30
Daniel Swartz	Executive Director , Advancement	$129,315	2020-06-30
Geoffrey Bowes	Managing Director , Investment Team	$310,812	2020-06-30
Linda Liang	Director of Operations	$163,657	2020-06-30
Christopher Youlden	Senior Financial Analyst	$134,084	2020-06-30
...and 9 more key personnel

Financials for University of Massachusetts Foundation

Revenues	FYE 06/2020	FYE 06/2019	% Change
Total grants, contributions, etc.	$31,505,786	$19,711,320	59.8%
Program services	$0	$0	-
Investment income and dividends	$-966,990	$313,419	-408.5%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$6,996,884	$15,283,973	-54.2%
Net income from fundraising events	$-18,658	$-37,875	50.7%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$11,013,129	$11,101,119	-0.8%
Total revenues	$48,530,151	$46,371,956	4.7%

Form 990s for University of Massachusetts Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2020-06	2021-05-28	990	View PDF
2019-06	2020-12-10	990	View PDF
2018-06	2019-06-19	990	View PDF
2017-06	2018-06-14	990	View PDF
2016-06	2017-08-16	990	View PDF
...and 6 more Form 990s

Organizations like University of Massachusetts Foundation

Organization	Type	Location	Revenue
J N Pew JR Charitable Trust	501(c)(3)	Philadelphia, PA	$14,185,751
New Mexico State University Foundation	501(c)(3)	Las Cruces, NM	$22,858,088
University of South Dakota Foundation (USDF)	501(c)(3)	Vermillion, SD	$49,591,248
Mercy Medical Center Foundation	501(c)(3)	Cedar Rapids, IA	$33,984,489
University System of Maryland Foundation (USMF)	501(c)(3)	Adelphi, MD	$61,891,724
South Dakota Mines Foundation	501(c)(3)	Rapid City, SD	$14,625,417
Florida Atlantic University Foundation (FAUF)	501(c)(3)	Boca Raton, FL	$38,576,412
Kansas State University Foundation	501(c)(3)	Manhattan, KS	$132,355,724
CAMC Foundation	501(c)(3)	Charleston, WV	$12,591,203
Colorado School of Mines Foundation	501(c)(3)	Golden, CO	$70,186,374

Data update history

August 3, 2022

Received grants

Identified 5 new grant, including a grant for $50,593 from PayPal Giving Fund

September 22, 2021

Received grants

Identified 22 new grant, including a grant for $346,000 from The Boston Foundation (TBF)

September 20, 2021

Posted financials

Added Form 990 for fiscal year 2020

September 13, 2021

Updated personnel

Identified 4 new personnel

August 21, 2021

Posted financials

Added Form 990 for fiscal year 2019

Nonprofit Types

Grantmaking organizationsResearch centersCharities

Issues

Social sciencesEducation

Characteristics

Funds one specific organizationProvides grantsConducts researchFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportFundraising races, competitions, and tournamentsTax deductible donations

General information

Address: 1 Beacon St 31st FLR; Boston, MA 02108
Metro area: Boston-Cambridge-Newton, MA-NH
County: Suffolk County, MA
Website URL: umassfoundation.org/s/1355/umass/18/home.aspx
Facebook page: UniversityofMassachusetts
Twitter profile: @umass

IRS details

EIN: 04-6013152
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1950
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: V11: Social Science Single Organization Support
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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University of Massachusetts Foundation

Program areas at University of Massachusetts Foundation

Grants made by University of Massachusetts Foundation

Who funds University of Massachusetts Foundation

Personnel at University of Massachusetts Foundation

Financials for University of Massachusetts Foundation

Form 990s for University of Massachusetts Foundation

Organizations like University of Massachusetts Foundation

Nonprofits

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