UNIVERSITY OF MASSACHUSETTS FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

UNIVERSITY OF MASSACHUSETTS FOUNDATION INC

EIN 04-6013152 · Education (B110)

What they do

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 & PUBLIC GIFTS for THE BENEFIT of THE UNIVERSITY of MASSACHUSETTS and ITS EDUCATIONAL MISSION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $61.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

18.67%of revenue went to mission work61.1% of expenses · Program services

1.48%of revenue went to fundraising4.8% of expenses

$30.54spent for every $100 of revenueRevenue covered expenses this year.

10.39%of revenue went to management and office costs34.0% of expenses

$53.11in assets for every $1 spent this yearSome assets cannot be spent right away.

51.9%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,777,237 for JONATHAN GIBBONS (CHIEF INVESTMENT OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$172,508,463

Mission workProgram services$32,209,32918.67% of revenue61.1% of expenses

ManagementOffice and general costs$17,922,15910.39% of revenue34.0% of expenses

FundraisingAsking for donations$2,554,9181.48% of revenue4.8% of expenses

Revenue left after expensesReported annual surplus$119,822,05769.46% of revenueShown in gray on the chart

Total expenses$52,686,40630.54% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 61.1% mission · 34.0% management · 4.8% fundraisingTotal expenses: 30.54% of revenue

2023Expense mix: 57.9% mission · 35.9% management · 6.2% fundraisingTotal expenses: 45.13% of revenue

2022Expense mix: 49.5% mission · 41.9% management · 8.6% fundraisingTotal expenses: 40.60% of revenue

2021Expense mix: 65.9% mission · 18.1% management · 16.0% fundraisingTotal expenses: 9.26% of revenue

2020Expense mix: 68.8% mission · 6.9% management · 24.3% fundraisingTotal expenses: 50.38% of revenue

2019Expense mix: 64.5% mission · 7.6% management · 27.9% fundraisingTotal expenses: 57.81% of revenue

2018Expense mix: 66.6% mission · 6.2% management · 27.2% fundraisingTotal expenses: 61.65% of revenue

2017Expense mix: 71.6% mission · 8.4% management · 20.0% fundraisingTotal expenses: 53.58% of revenue

Money in and money out

Revenue$172,508,463

Expenses$52,686,406

Annual surplus $119,822,057 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$32,209,329 · 61.1% of expenses

Management and office costs$17,922,159 · 34.0% of expenses

Fundraising$2,554,918 · 4.8% of expenses

See all reported dollar amounts

Revenue$172,508,463

Expenses$52,686,406

Assets$2,798,247,960

Income$579,130,169

Contributions$89,479,146

Mission work (program services)$32,209,329

Fundraising$2,554,918

Grants given$174,291,896

Average grant$17,429,190

Management and general$17,922,159

Stocks and bonds$836,122,755

Accounting fees$198,000

Investing fees$2,713,994

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JONATHAN GIBBONSCHIEF INVESTMENT OFFICER · 40 hrs/week $1,777,237Base $1,469,690 · Other $307,547

JAMES R JULIAN JRCHIEF EXECUTIVE OFFICER · 40 hrs/week $1,173,502Base $1,014,591 · Other $158,911

GEOFFREY BOWESMANAGING DIRECTOR, INVESTMENT TEAM · 40 hrs/week $743,752Base $563,826 · Other $179,926

BARRY MORRISONCHIEF FINANCIAL OFFICER · 40 hrs/week $501,577Base $404,666 · Other $96,911

PAUL DAWLEYGENERAL COUNSEL · 40 hrs/week $451,898Base $355,810 · Other $96,088

DEREK WADEDIRECTOR OF INVESTMENT OPERATIONS · 40 hrs/week $407,835Base $312,757 · Other $95,078

HSUNGWEN CHANGDIRECTOR OF INVESTMENT (UNTIL 9/25) · 40 hrs/week $400,775Base $292,734 · Other $108,041

KATHERINE D TARGETTCHIEF DIGITAL INFORMATION OFFICER · 40 hrs/week $277,248Base $248,215 · Other $29,033

QING WANCONTROLLER · 40 hrs/week $257,958Base $193,106 · Other $64,852

WILLIAM K CHASESR. DIR. OF IT INFRASTRUCTER & SECURITY · 40 hrs/week $210,416Base $190,305 · Other $20,111

THERESA CURRYVP FOR DEV & CE (UNTIL 1/25) · 40 hrs/week $195,317Base $180,963 · Other $14,354

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

JONATHAN GIBBONSCHIEF INVESTMENT OFFICER

JAMES R JULIAN JRCHIEF EXECUTIVE OFFICER

GEOFFREY BOWESMANAGING DIRECTOR, INVESTMENT TEAM

BARRY MORRISONCHIEF FINANCIAL OFFICER

PAUL DAWLEYGENERAL COUNSEL

DEREK WADEDIRECTOR OF INVESTMENT OPERATIONS

HSUNGWEN CHANGDIRECTOR OF INVESTMENT (UNTIL 9/25)

KATHERINE D TARGETTCHIEF DIGITAL INFORMATION OFFICER

QING WANCONTROLLER

WILLIAM K CHASESR. DIR. OF IT INFRASTRUCTER & SECURITY

THERESA CURRYVP FOR DEV & CE (UNTIL 1/25)

SUZANNE L STEFANYDIRECTOR

ROBERT R REITANODIRECTOR

VICTOR WOOLRIDGEDIRECTOR/TREASURER

ROBERT J MANNINGDIRECTOR/CHAIR

WARREN J ISABELLEDIRECTOR

R NORMAN PETERS ESQDIRECTOR

MARIA D FURMANDIRECTOR/SECRETARY

PHILIP W JOHNSTONDIRECTOR (UNTIL 4/25)

PAUL T QUISTBERGDIRECTOR

NATHAN P CHESLEYDIRECTOR

KATHERINE P CRAVENDIRECTOR

JOSE J CORTEZDIRECTOR

JOSE F DEMEDEIROSDIRECTOR

GRACE K FEYDIRECTOR

EDWARD H DALELIODIRECTOR

DANIEL E FEDERDIRECTOR

About this charity

Recognized since: January 1957
Location: 100 CARLSON AVE, NEWTON, MA 02459-3326
County: Middlesex
In care of: BARRY F MORRISON
Primary officer: BARRY F MORRISON, CHIEF FINANCIAL OFFICER

How to reach them

Phone(781) 912-5015 Officer phone(781) 912-8020

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes