Massachusetts S936 amends the endowment match program to ensure $20 million is spent annually to encourage private fundraising for public higher.

Massachusetts S936 modifies the endowment match program to guarantee that at least $20 million is allocated each year to support private fundraising efforts by the state's public higher education institutions. This funding aims to bolster both endowment and capital outlay programs. The bill specifies that $10 million will be allocated to the University of Massachusetts, $5 million to state universities, and $5 million to community colleges. If any funds for state universities or community colleges remain unused, they will be redirected to the University of Massachusetts.

Massachusetts S936 amends the endowment match program to ensure $20 million is spent annually to encourage private fundraising for public higher.

Massachusetts S936 modifies the endowment match program to guarantee that at least $20 million is allocated each year to support private fundraising efforts by the state's public higher education institutions. This funding aims to bolster both endowment and capital outlay programs. The bill specifies that $10 million will be allocated to the University of Massachusetts, $5 million to state universities, and $5 million to community colleges. If any funds for state universities or community colleges remain unused, they will be redirected to the University of Massachusetts.