THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING
< Back to front page Text size +

UMass Boston alumni to donate $1 million to college

Posted by Cara Bayles  June 29, 2011 02:38 PM

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

The UMass Boston Alumni Association will announce plans to donate $1 million to the Dorchester university tonight at its annual retreat.

The gift attempts to ameliorate the effect of state budget cuts, which have resulted in a declining investment in Massachusetts’ public university system.

The news comes after university officials announced earlier this month that the school’s tuition and fees will increase by $826, or 7.5 percent in the next academic year, to help plug a $54 million budget gap, the result of declining state funds and the end of a $38 million federal stimulus funding program. In spite of the tuition hike, the UMass system still faces a $28 million budget gap.

More than $150,000 is going toward campus programs, and the association is also setting aside $500,000 for 50 percent matches in future grants, with the hope of drumming up an additional $1 million for the university.

An additional $300,000 will go toward student scholarship support, with the grant increasing incrementally each year. In 2009, the alumni association endowed $5,000 in scholarships. By 2016, the university estimates that will have increased to $42,000.

E-mail Cara Bayles at carabayles@gmail.com.

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article