Massachusetts S845 amends the endowment match program to guarantee a minimum annual allocation of $30 million for higher education institutions.
Massachusetts S845 amends the endowment match program to ensure a minimum annual allocation of $30 million for higher education institutions. This amount is divided equally among the University of Massachusetts, state universities, and community colleges. If funds remain unallocated to community colleges, they will be redirected to state universities. The board of higher education is tasked with implementing this program to encourage private fundraising for endowment and capital outlay programs.
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- Core Provisions
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- Legal Framework
- Critical Issues
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