UMass has a record-setting fundraising year
Sep. 16, 2015
BOSTON (AP) — The University of Massachusetts raised more money during the latest fiscal year than it ever has before, and the five-campus system's endowment grew to a record high.
The university announced Wednesday its endowment was at $768 million as of June 30, the end of the 2015 fiscal year.
The system raised nearly $99 million in cash gifts during the year, an almost 13 percent jump over the previous year; and almost $130 million in cash gifts, pledges and gifts in-kind combined, an 11 percent year-over-year increase.
President Marty Meehan said the strong performance "positions us for future success by enhancing our ability to attract and retain top students, faculty and staff."
The fundraising efforts helped the Amherst campus reach the goal of a $300 million capital campaign a year early.