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University of Massachusetts Foundation INC

Public charity990-T FY2023
DBA: INC
Other · NEWTON, MA · EIN 04-6013152

About

To foster and promote the growth, progress and general welfare of the university of massachusetts as stated in the original 1950 articles of organization. To invest private support for the benefit of the university of massachusetts.

DBA INC

Donations are tax-deductible
Category
Other
Employees
29
Volunteers
22

Financial Snapshot

FY ending 2023-06-30
Revenue
$113.4M
Expenses
$46.1M
Assets
$1.1B
Liabilities
$22.0M

Financial history

$315.3M$157.6M$0
1617181920212223
RevenueExpenses
Latest FY2023: $113.4M · Peak FY2022: $315.3M · Avg: $107.0M

Foreign activity (Schedule F)

Total spent abroad$464.3M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN——
EUROPE——
NORTH AMERICA——
SOUTH AMERICA——
ASIA——

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
—
Lobbying
$83K
Grants Given
$22.8M
UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
Your actions

Address

100 Carlson AVE
Newton, MA, 02459-332

Governance

Voting board members15
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %1.1%
Permanent endowment %94.7%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.