UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
100 CARLSON AVE, NEWTON, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $172,508,463 | $52,686,406 | $1,531,215,570 |
| FY2024 | $102,206,758 | $46,122,528 | $1,295,007,025 |
| FY2023 | $113,438,486 | $46,052,746 | $1,125,477,097 |
| FY2022 | $315,298,982 | $29,200,176 | $970,923,672 |
| FY2021 | $57,111,837 | $28,773,419 | $835,984,437 |
| FY2020 | $48,530,151 | $28,054,629 | $635,208,914 |
| FY2019 | $46,371,956 | $28,589,662 | $608,525,648 |
| FY2018 | $54,705,103 | $29,309,752 | $577,933,323 |
| FY2017 | $72,672,824 | $23,620,843 | $538,580,927 |
| FY2016 | $39,589,745 | $24,637,297 | $465,814,043 |
| FY2015 | $55,826,719 | $25,095,177 | $468,391,761 |
| FY2014 | $44,571,608 | $17,059,654 | $455,131,237 |
| FY2013 | $38,624,455 | $18,622,024 | $394,286,411 |
| FY2012 | $39,901,172 | $22,686,709 | $364,762,800 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $89,479,146 | 94% |
| Program service revenue | $5,963,632 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $32,209,329 | 61% |
| Management & general | $17,922,159 | 34% |
| Fundraising | $2,554,918 | 5% |
What the numbers show
- Contributions & grants made up 94% of total revenue in FY2025.
- Program services accounted for 61% of functional expenses, management & general 34%, and fundraising 5%.
- 61% of functional expenses went to program services in FY2025. That is higher than 2.2% of 182 Education organizations in MA.
- Net assets covered about 348.8 months of expenses at the end of the reporting year. That puts it in the 96th percentile among 2335 Education organizations in MA.
- Total revenue was higher than 98.8% of 2372 Education organizations in MA.
- Total revenue rose from $39,901,172 in FY2012 to $172,508,463 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $315,298,982 in FY2022.
- Net assets grew from $364,762,800 to $1,531,215,570 between FY2012 and FY2025.
- Contributions and grants made up 60% of revenue in FY2012 and 52% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1957 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in MA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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