Endowments

Endowment funds at UMass Lowell provide a steady stream of income to the University and are an integral part of its continued success. Since 2002, UMass Lowell’s total endowment has increased from $17.9 million to more than $38 million.  During the same time period, the number of individual endowment funds has increased from 104 to 244.

Endowment funds are managed by the University of Massachusetts Foundation, Inc. with oversight from the University of Massachusetts Board of Trustees Development Committee and the University of Massachusetts Investment Committee.  The principal endowment gift is protected and the Foundation issues a portion of the interest earned each fiscal year to the University for use as scholarship awards and program support as determined by each fund’s benefactor(s). The University will receive about $632,000 in endowment interest for fiscal year 2008. Unspent interest reverts back to the endowment principal, thus ensuring continued growth.  Endowment gifts are irrevocable.

Certain endowment gifts and pledges may be eligible for matching funds through the Commonwealth of Massachusetts’ Public Higher Education Endowment Incentive Program (PHEEIP).

Endowments - Scholarships

The gift of an endowed scholarship at UMass Lowell is an investment in society’s future and a tribute to the commitment of the donor. Donors can create a scholarship endowment fund with a minimum donation of $25,000, which can be paid over multiple years.  Endowments created at this level are eligible for matching funds through the Commonwealth of Massachusetts’ Public Higher Education Endowment Incentive Program (PHEEIP) and would annually generate approximately $1,000 in spendable interest.

Visit our list of endowed scholarships, and discover why some of the 244 endowed funds were created by alumni and friends of UMass Lowell.

If you are a student, fill out this form to see the scholarships for which you qualify.

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