Massachusetts H1276 allocates funds for the endowment match program to encourage private fundraising by public institutions of higher education.

Massachusetts H1276 amends the endowment match program to ensure at least $30,000,000 is spent annually to encourage private fundraising by the Commonwealth’s public institutions of higher education. The Board of Higher Education will implement this program, ensuring each institution has an opportunity to secure matching funds. Funds are allocated as follows: $10,000,000 to the University of Massachusetts, $10,000,000 to state universities, and $10,000,000 to community colleges. If any funds remain unused in one category, they will be reallocated to another.

Massachusetts H1276 allocates funds for the endowment match program to encourage private fundraising by public institutions of higher education.

Massachusetts H1276 amends the endowment match program to ensure at least $30,000,000 is spent annually to encourage private fundraising by the Commonwealth’s public institutions of higher education. The Board of Higher Education will implement this program, ensuring each institution has an opportunity to secure matching funds. Funds are allocated as follows: $10,000,000 to the University of Massachusetts, $10,000,000 to state universities, and $10,000,000 to community colleges. If any funds remain unused in one category, they will be reallocated to another.