The University of Massachusetts’ endowment grew by over 23% in the fiscal year that ended June 30 to an unprecedented $506 million as of December 31. That growth rate is nearly triple the national average according to the National Association of College and University Business Officers and Commonfund. The UMass endowment had the second highest percentage of total growth of the biggest 200 university endowments. Outgoing President Jack Wilson traced the growth to the "generosity of donors, astute investments, and campus leadership" and funds scholarships and professors. [Boston Herald]
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Results tagged “universityofmassachusetts”
The University of Massachusetts has named Towson University president Robert L. Caret the next president of the five-campus UMass system.
Beacon Hill wants to crack down on repeat offenders. UMass could pick a new president next week. Remember to follow Bostonist on Twitter and like us on Facebook.
Universities in Massachusetts are making news.
UMass-Amherst is lamenting the presence of that pesky "-Amherst" in its name. As Massachusetts' preeminent state school attempts to grow in prestige, the university feels the qualifier takes away from its importance. Having lived in places where Wisconsin and Texas mean only one thing when it comes to higher ed, this Bostonist can understand this dilemma. The UMass alumni association has a catchy slogan--"You were. You are. UMASS."--but we think that a pair of prestigious alumni have offered an even better solution in the form of a certain song. Still, we won't exactly be surprised if the university doesn't start singing that tune.
More reason for cash-starved college students, especially those in the UMass system, to cultivate the taste for ramen. WBZ reports, "The university's trustees finance panel approved a 3.1 percent increase in fees Wednesday."
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