Nonprofit · EIN 04-6013152
UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
Tax-exempt · NEWTON, MA 02459
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $172,508,463 | $52,686,406 | $119,822,057 | $2,798,247,960 | $1,267,032,390 | $1,531,215,570 |
| June 30, 2024 | 990 | $102,206,758 | $46,122,528 | $56,084,230 | $1,315,154,794 | $20,147,769 | $1,295,007,025 |
| June 30, 2023 | 990 | $113,438,486 | $46,052,746 | $67,385,740 | $1,147,511,717 | $22,034,620 | $1,125,477,097 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $89,479,146
- of which government grants
- $10,237,252
- Program service revenue
- $5,963,632
- Investment income
- $77,046,575
- Net gain from sales of assets
- $60,337,915
- Other revenue
- $19,110
Expenses
- Grants and similar amounts paid
- $32,209,329
- Compensation of officers, directors and key employees
- $4,468,210
- Other salaries and wages
- $4,841,361
- Salaries, compensation and benefits (total)
- $10,745,388
- Professional fundraising fees
- $36,000
- Legal fees
- $198,420
- Accounting fees
- $198,000
- Occupancy
- $392,649
- Travel
- $548,039
- Depreciation
- $425,742
- Program services (functional)
- $32,209,329
- Management and general (functional)
- $17,922,159
- Fundraising (functional)
- $2,554,918
Balance sheet and other
- Total assets, start of year
- $2,453,805,986
- Total assets, end of year
- $2,798,247,960
- Total liabilities, end of year
- $1,267,032,390
- Net assets, end of year
- $1,531,215,570
- Land, buildings and equipment
- $18,558,951
- Publicly traded securities
- $836,122,755
- Net assets without donor restrictions
- $77,047,074
- Net assets with donor restrictions
- $1,454,168,496
- Gross unrelated business income
- $147,449
- Gross receipts
- $579,130,169
- Employees
- 46
- Volunteers
- 15
- Year formed
- 1950
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN GIBBONS | CHIEF INVESTMENT OFFICER Key employee | 40 | $1,469,690 | $307,547 |
| JAMES R JULIAN JR | CHIEF EXECUTIVE OFFICER Officer | 40 | $1,014,591 | $158,911 |
| GEOFFREY BOWES | MANAGING DIRECTOR, INVESTMENT TEAM Highest-paid employee | 40 | $563,826 | $179,926 |
| BARRY MORRISON | CHIEF FINANCIAL OFFICER Officer | 40 | $404,666 | $96,911 |
| PAUL DAWLEY | GENERAL COUNSEL Officer | 40 | $355,810 | $96,088 |
| DEREK WADE | DIRECTOR OF INVESTMENT OPERATIONS Highest-paid employee | 40 | $312,757 | $95,078 |
| HSUNGWEN CHANG | DIRECTOR OF INVESTMENT (UNTIL 9/25) Highest-paid employee | 40 | $292,734 | $108,041 |
| KATHERINE D TARGETT | CHIEF DIGITAL INFORMATION OFFICER Key employee | 40 | $248,215 | $29,033 |
| QING WAN | CONTROLLER Highest-paid employee | 40 | $193,106 | $64,852 |
| WILLIAM K CHASE | SR. DIR. OF IT INFRASTRUCTER & SECURITY Highest-paid employee | 40 | $190,305 | $20,111 |
| THERESA CURRY | VP FOR DEV & CE (UNTIL 1/25) Former | 40 | $180,963 | $14,354 |
| ROBERT J MANNING | DIRECTOR/CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VICTOR WOOLRIDGE | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARIA D FURMAN | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NATHAN P CHESLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSE J CORTEZ | DIRECTOR Trustee or director | 1 | $0 |
| KATHERINE P CRAVEN | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD H D'ALELIO | DIRECTOR Trustee or director | 1 | $0 |
| JOSE F DEMEDEIROS | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL E FEDER | DIRECTOR Trustee or director | 1 | $0 |
| GRACE K FEY | DIRECTOR Trustee or director | 1 | $0 |
| WARREN J ISABELLE | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP W JOHNSTON | DIRECTOR (UNTIL 4/25) Trustee or director | 1 | $0 |
| R NORMAN PETERS ESQ | DIRECTOR Trustee or director | 1 | $0 |
| PAUL T QUISTBERG | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT R REITANO | DIRECTOR Trustee or director | 1 | $0 |
| SUZANNE L STEFANY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN GIBBONS | CHIEF INVESTMENT OFFICER Key employee | 40 | $978,492 | $621,956 |
| JAMES R JULIAN JR | CHIEF EXECUTIVE OFFICER Officer | 40 | $962,107 | $88,114 |
| GEOFFREY BOWES | MANAGING DIRECTOR, INVESTMENT TEAM Highest-paid employee | 40 | $591,415 | $185,004 |
| THERESA CURRY VP DEVELOP | CONSTITUENT ENGMT/ASSO. GEN COUNSEL (THRU 1/2024 Officer | 40 | $327,255 | $64,876 |
| PAUL DAWLEY | GENERAL COUNSEL Officer | 40 | $281,007 | $66,998 |
| DEREK WADE | DIRECTOR OF INVESTMENT OPERATIONS Highest-paid employee | 40 | $270,763 | $74,630 |
| BARRY MORRISON | CHIEF FINANCIAL OFFICER Officer | 40 | $298,525 | $32,878 |
| HSUNGWEN CHANG | DIRECTOR OF INVESTMENT Highest-paid employee | 40 | $246,829 | $71,808 |
| QING WAN | CONTROLLER Highest-paid employee | 40 | $187,694 | $51,062 |
| WILLIAM K CHASE | SR. DIR. OF IT INFRASTRUCTURE & SECURITY Highest-paid employee | 40 | $178,250 | $18,345 |
| ROBERT J MANNING | DIRECTOR/CHAIR (AS OF 1/1/24) Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD H D'ALELIO | DIRECTOR (& CHAIR THRU 12/31/23) Trustee or director, Officer | 1 | $0 | $0 |
| VICTOR WOOLRIDGE | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARIA D FURMAN | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NATHAN P CHESLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE J CORTEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHERINE P CRAVEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE F DEMEDEIROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL E FEDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRACE K FEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WARREN J ISABELLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIP W JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R NORMAN PETERS ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL T QUISTBERG | DIRECTOR (AS OF 1/1/24) Trustee or director | 1 | $0 | $0 |
| ROBERT R REITANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE L STEFANY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN GIBBONS | CHIEF INVESTMENT OFFICER Key employee | 40 | $1,287,531 | $565,704 |
| GEOFFREY BOWES | MANAGING DIRECTOR, INVESTMENT TEAM Highest-paid employee | 40 | $508,823 | $256,811 |
| JAMES R JULIAN JR | CEO (AS OF AUG. 2022) Officer | 40 | $366,862 | $48,678 |
| THERESA CURRY VP DEVELOP | CONSTITUENT ENGMT/ASSOC GEN COUNSEL Officer | 40 | $288,031 | $29,608 |
| LINDA LIANG | DIR OF OPERATIONS (UNTIL SEPT. 2022) Highest-paid employee | 40 | $201,813 | $30,913 |
| PAUL DAWLEY | GENERAL COUNSEL (AS OF JULY 2022) Officer | 40 | $109,997 | $26,240 |
| SARAH MCDONNEL | ASSISTANT GENERAL COUNSEL Highest-paid employee | 40 | $120,790 | $12,170 |
| MAURA O'KEEFE | SENIOR FOUNDATION ASSOCIATE Highest-paid employee | 40 | $114,562 | $14,585 |
| BARRY F MORRISON | CFO (AS OF AUG. 2022) Officer | 40 | $103,077 | $10,468 |
| CHRISTOPHER YOULDEN | INVMT. ASSOCIATE (UNTIL APR. 2022) Highest-paid employee | 40 | $101,529 | $8,172 |
| NATHAN P CHESLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE J CORTEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHERINE P CRAVEN | DIRECTOR (AS OF JAN. 2023) Trustee or director | 1 | $0 | $0 |
| JOSE F DEMEDERIOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL E FEDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRACE K FEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WARREN J ISABELLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIP W JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R NORMAN PETERS ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT R REITANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE L STEFANY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT J MANNING | VICE CHAIR (AS OF JULY 2022) Trustee or director, Officer | 1 | $0 | $0 |
| VICTOR WOOLRIDGE | TREASURER (AS OF JULY 2022) Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD H D'ALELIO | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARIA D FURMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL BARONE | INTERIM CFO (UNTIL JULY 2022) Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 CARLSON AVE, NEWTON, MA 02459-3326
- Principal officer (990 for 2024)
- JAMES R JULIAN JR, 100 CARLSON AVENUE BUILDING 12, NEWTON, MA 02459
- Signed the 990
- BARRY F MORRISON, CHIEF FINANCIAL OFFICER
- Phone
- (781) 912-5015
- Return prepared by
- KPMG LLP
Mission
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.
Program accomplishments
- THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. INVESTS FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS AND TO PROMOTE THE GENERAL WELFARE OF HIGHER EDUCATION IN THE COMMONWEALTH OF MASSACHUSETTS. THE FOUNDATION'S SUPPORT INCLUDES BUT IS NOT LIMITED TO SCHOLARSHIP AND EDUCATION PROGRAMS AND GENERAL PROGRAM SUPPORT.Expenses $32,209,329 · grants $32,209,329 · revenue $5,963,632
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6013152
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1957
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $2,798,247,960
- Income (IRS master file)
- $579,130,169
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $172,508,463 | $52,686,406 | $2,798,247,960 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $102,206,758 | $46,122,528 | $1,315,154,794 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $113,438,486 | $46,052,746 | $1,147,511,717 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $315,298,982 | $29,200,176 | $988,407,109 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6013152).
Questions about UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
- What is the EIN of UNIVERSITY OF MASSACHUSETTS FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF MASSACHUSETTS FOUNDATION INC is 04-6013152.
- Is UNIVERSITY OF MASSACHUSETTS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to UNIVERSITY OF MASSACHUSETTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF MASSACHUSETTS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF MASSACHUSETTS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF MASSACHUSETTS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF MASSACHUSETTS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JAMES R JULIAN JR.
- Who are the officers and directors of UNIVERSITY OF MASSACHUSETTS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 11 received compensation from the organization, the highest $1,469,690 (JONATHAN GIBBONS, CHIEF INVESTMENT OFFICER).
- How much revenue does UNIVERSITY OF MASSACHUSETTS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $172,508,463, expenses of $52,686,406 and total assets of $2,798,247,960 at year end.
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