Massachusetts S2702 amends the endowment match program to include community colleges and allocates funds to various segments.

Massachusetts S2702 amends the endowment match program to include community colleges in the eligibility for matching funds. It allocates $10,000,000 to the University of Massachusetts segment, $10,000,000 to the state university segment, and $10,000,000 to the community college segment. If funds for community colleges remain unused, they will be reallocated to the state university segment. The bill also mandates that at least $30,000,000 be spent annually to support private fundraising by public institutions of higher education.

Massachusetts S2702 amends the endowment match program to include community colleges and allocates funds to various segments.

Massachusetts S2702 amends the endowment match program to include community colleges in the eligibility for matching funds. It allocates $10,000,000 to the University of Massachusetts segment, $10,000,000 to the state university segment, and $10,000,000 to the community college segment. If funds for community colleges remain unused, they will be reallocated to the state university segment. The bill also mandates that at least $30,000,000 be spent annually to support private fundraising by public institutions of higher education.