2010 President’s Report


“Never has our commitment to academic distinction and affordability been greater. In 2009, UMass spent $97.2 million of its own resources on financial aid, meeting 92 percent of Massachusetts students’ estimated financial need. UMass students received more than $500 million in aid from all sources.”
UMass President Jack M. Wilson

The past year, 2009, will be remembered as one in which the University again set records in numbers of applications, quality of students, research expenditures, commercialization of intellectual property, and endowment. Thanks to the efforts of our dedicated and experienced leadership team, we have navigated effectively through the year’s economic challenges and are proud of our many successes—most importantly, providing continued access to high-quality, affordable education for the Commonwealth’s most powerful sustainable resource: our students. The UMass system is an education and innovation enterprise—the Commonwealth’s most prolific public research resource—with nearly $500 million in research expenditures. Across the entire system in Fiscal 2009, UMass generated $73 million in intellectual property income—a record performance that is expected to put UMass among the nation’s top 10 universities in intellectual property income when national results are next published. Never has our commitment to academic distinction and affordability been greater. In Fiscal 2009, UMass spent $97.2 million of its own resources on financial aid, meeting 92 percent of Massachusetts students’ estimated financial need. UMass students received more than $500 million in aid from all sources. The need has never been higher. Since I have been President, we have grown our own investment in financial aid from $36 million to $138 million—an increase of 283%. UMass stands at the forefront of the most important issues of our day. Students and faculty are engaged in research that leads to breakthroughs in medical treatments, economic development, and clean energy. In an increasingly interconnected and competitive world, the University is supporting global initiatives and programs, recruiting international students and faculty, and working with partners to provide study abroad opportunities, service learning projects, and internships. We continue to build and maintain the 21st century facilities that our students and faculty need and deserve. In spite of declining endowments nationwide, the University of Massachusetts turned in a record performance in Fiscal 2009, ranking in the top quartile of American colleges and universities reporting for one-, three-, and five-year returns, according to the National Association of College and University Business Officers. We are deeply grateful to our donors who have made gifts to the endowment, and to our investment committee, a talented group of alumni, parents, and friends who are accomplished investment professionals working on behalf of our University. As you may know, I have announced that I will leave the Presidency when my term ends in June 2011 to return to my teaching and research. It has been an honor and privilege to serve as a steward of this great University. It has also been a joy to work on behalf of the students, faculty, and staff of the University. I would like to express my gratitude to the many other friends of UMass—elected officials, parents, and community leaders—who have done so much to sustain and advance the University. We continue to count on your support and advocacy as we work to reach our shared objectives for the University and the Commonwealth.

Martin T. Meehan, J.D.
Chancellor, UMass Lowell

Jean F. MacCormack, Ed.D.
Chancellor, UMass Dartmouth

Jack M. Wilson, Ph.D.
President, University of Massachusetts

Robert C. Holub, Ph.D.
Chancellor, UMass Amherst

Michael F. Collins, M.D.
Chancellor, UMass Medical School

J. Keith Motley, Ph.D.
Chancellor, UMass Boston

Jack M. Wilson, Ph.D. President
All data in this report is from Fiscal Year 2009, the most recent available data for a complete fiscal year ending on June 30.

President’s Report



With the help of exceptional faculty, the University of Massachusetts’ thriving research environment promotes innovative programs that transform students into well-prepared citizens.

Board of Trustees
The University recognizes the following members of the Board of Trustees (as of January 2010) who have served with distinction.

The strength and culture of institutions are tested during periods of volatility. The University of Massachusetts has not only endured the national and global economic challenges presented during 2009, but has identified and fostered areas of opportunity and competitive advantage. I am grateful for the work of my fellow trustees who have given their time, money, and expertise to ensure excellence for UMass, now and in the future. As a result of their efforts and the astute leadership of President Wilson and Chancellors Collins, Holub, MacCormack, Meehan, and Motley, the University serves its students and the Commonwealth at the highest levels while increasing available financial aid dollars and holding tuition and fees lower than the average of its peer New England public research universities. I would like to thank our elected officials for their continued support in these efforts. The University management has taken steps, in the President’s Office and on the campuses, to reduce spending and to focus resources on growth areas. I would like to recognize our firstrate faculty and staff, who should be commended for their steadfast commitment to the University and our students and their willingness to sacrifice in order to move UMass forward. More students and families have looked to UMass this year. They understand in increasing numbers the tremendous educational opportunities that are possible at the Commonwealth’s public research university. This is the place where quality and affordability come together. As we prepare our students to act as fully engaged alumni and citizens, we conduct research that may solve some of our most significant global concerns—environmental security and sustainability, access to quality long-term health care and new medicines—and provide for them a path to participation in the world economy. As a graduate of the University of Massachusetts Lowell, I know firsthand how the dedication of faculty and staff shapes the future of the University, the Commonwealth, and the world. As Chairman of the Board of Trustees, I encourage you to get involved in any way you can—whether through alumni engagement, or as a parent, donor, or friend. The University of Massachusetts is our asset to preserve and enhance.


U N I V E R S I T Y- W I D E G L O B A L E N G A G E M E N T
Greater world awareness is the goal as students and faculty look to solve global challenges with far-reaching international impact.

Robert J. Manning, Chairman, Swampscott James J. Karam, Vice Chairman, Tiverton, RI Ruben J. King-Shaw Jr., Vice Chairman, Carlisle Emily Bloch, Student, Amherst Lawrence F. Boyle, J.D., Milton Jennifer C. Braceras, J.D., Concord


2 1 S T C E N T U R Y FA C I L I T I E S
New capital projects underway within the UMass system uphold the University’s commitment to remaining a world-class leader in higher education.


By streamlining new ideas from the classroom to the business world, the University keeps the state’s economy ahead of the learning curve.

Edward W. Collins Jr., Springfield Tara-Jean DeSisto, Student, Boston John A. DiBiaggio, D.D.S., Snowmass Village, CO


The University provides access to a thriving network of professional and personal connections, creating strong bonds between student and school that last a lifetime.

Maria D. Furman, Wellesley Matthew S. Hoyt, Student, Dartmouth Philip W. Johnston, Marshfield David Koffman, Student, Lowell


The University’s mission of teaching, research, and service comes to life in the work of the school community, as faculty and students alike reach out across the Commonwealth to share their expertise.

Richard J. Lawton, J.D., East Falmouth Kenneth A. MacAfee II, D.M.D., Needham Kerri Osterhaus-Houle, M.D., Hudson R. Norman Peters, J.D., Paxton

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I N F O R M AT I O N O N T H E E N D O W M E N T 2 0 0 9 C O N S O L I D AT E D F I N A N C I A L I N F O R M AT I O N U M A S S AT A G L A N C E

Paul Reville, Secretary of Education, Commonwealth of Massachusetts, Worcester Henry M. Thomas III, J.D., Springfield Stephen P. Tocco, Reading Victor Woolridge, Springfield James Young, Student, Worcester

Visit the University of Massachusetts Board of Trustees at www.massachusetts.edu/bot

Robert J. Manning UMass Lowell ’84 Chairman, Board of Trustees


President’s Report



At the University of Massachusetts, top-notch research programs are the cornerstone of an incomparable education
The University of Massachusetts is a leader in research, education, and
public service programs that advance knowledge and improve the lives of people throughout the state, the nation, and the world. UMass is a powerful research engine, with $489 million in research expenditures in Fiscal 2009 supported by sources that include the National Science Foundation (NSF), the National Institutes of Health, corporate partners, and other federal, state, internal, and private sources. The University’s research expenditures in Fiscal 2008 (the most recent available comparison data) placed UMass 23rd among the nation’s 393 public universities that reported to the NSF. The University’s research enhances a wide range of academic programs that enrich the student experience, spur economic growth, and feed the knowledge economy. With more than 35 nationally ranked programs across all five of our campuses and extensive global programs that support study-abroad opportunities for undergraduate and graduate students, UMass is leading the way in promoting innovative programs that encourage faculty across all disciplines to engage in research, teaching, and service.

UMass produces more life sciences undergraduates than any other Massachusetts institution and this year conferred 710 biological/life sciences degrees across the five-campus system.

Sloan Foundation grant cultivates life sciences talent
Above left (L-R): UMass Lowell Clinical Lab Sciences seniors Navadha Patel, Bhumi Upadhay, and Gerson Duarte Above right: UMass Amherst graduate student and instructor Guanshi Zhang

Recent findings from the Massachusetts Life Sciences Talent Initiative (MLST) study “Growing Talent,” conducted by the University of Massachusetts Donahue Institute, identified current and emerging workforce trends pointing to life science as one of the fastest growing high-potential sectors of the Massachusetts economy. Several recommendations emerged from the study, including the need to boost the state’s pipeline of residents seeking higher education degrees and careers in life sciences, as well as to further develop connections between industry and academia to maintain the Commonwealth’s position as a global life sciences leader. The University of Massachusetts is developing Master’s level education and training programs that respond to the needs of this sector and for that, the

Alfred P. Sloan Foundation, a national leader in promoting higher education in science, recently recognized our efforts. UMass was awarded a $124,200 grant to develop up to 10 Professional Science Master (PSM) degrees, combining interdisciplinary academics, industry experience, and practical business and communications skills vital to the Massachusetts innovation economy. These include health informatics, biotechnology, and environmental service. UMass produces more life sciences undergraduates than any other Massachusetts institution and this year conferred 710 biological/life sciences degrees across the five-campus system. Led by UMass Lowell Provost Ahmed Abdelal, UMass has convened a system-wide task force to strengthen its role in fostering the region’s scientific talent and currently is launching degree

programs to meet a critical need for experienced scientists in today’s life sciences supercluster. UMass Lowell is at the forefront of this initiative, which offers four PSM options. Plans call for PSM courses that combine business and communications classes with internships in the life sciences industry, offered primarily through the internationally recognized UMassOnline. UMass PSM degrees reaffirm the University’s dedication to educating students for the 21st century. The recent adoption of a Master’s degree in clinical sciences at the UMass Medical School is another example of this long-standing commitment. Guided by world-class research faculty, our advanced programs continue to prime the next generation of life science innovators.

“Central to the University’s mission is the attraction and retention of world-class faculty who, working together with top-notch students, continue to apply the University’s intellectual resources to solve global, national, and local problems.”
Jack M. Wilson, Ph.D. President

Our thriving academic research environment attracts exceptional faculty members who are leading scholars in their fields and have received awards such as the Nobel Prize, the Pulitzer Prize, the American Book Award, and the Albert Lasker Basic Medical Research Award, widely known as the “American Nobel.” UMass Amherst, the University system’s flagship campus, is a “Top Producer of Fulbright Students” among research universities for the 2008–2009 academic year. In 2009, 18 UMass Amherst students applied for Fulbright scholarships and eight received them. The UMass Medical School currently has on faculty five Howard Hughes Medical Institute (HHMI) investigators, one of the most prestigious and soughtafter scientific awards in the world, and two HHMI Early Career Scientists. UMassOnline has achieved double-digit growth in both enrollments and revenues. For Fiscal 2009, the online division saw an 18 percent increase in enrollments and a 27 percent increase in revenue over its Fiscal 2008 results. Compared with the previous year, enrollments rose from 33,900 to 40,048 while revenues increased from $36.9 million to $46.8 million.


President’s Report

U N I V E R S I T Y- W I D E G L O B A L E N G A G E M E N T


In UMass classrooms, students and faculty explore current events, organizations, cultures, and issues within our nation’s borders and throughout the world.

The University of Massachusetts meets the challenges of a complicated world by producing internationally aware graduates who are prepared to make a difference
The University of Massachusetts holds international engagement as a high strategic priority. By supporting global initiatives and programs, recruiting international students and faculty, and working with partners and institutions to provide study-abroad opportunities, service learning projects, and internships— we educate productive and responsive citizens.
From international conflict, to a changing global economy, to escalating environmental concerns, this year reaffirmed our obligation to produce globally competent graduates with the critical tools for recognizing cultural values other than their own, for viewing global issues from a variety of perspectives, and for living and working in a rapidly changing environment. In UMass classrooms, students and faculty explore current events, organizations, cultures, and issues within our nation’s borders and throughout the world. Students, faculty, and staff from our five campuses are conducting research and developing new products and technologies that impact critical global issues of regional, national, and international significance. For example, last summer a group of UMass Medical School faculty and students visited Mumbai, India, where a monoclonal antibody discovered at Mass. Biologics Laboratories is being tested in clinical trials. The students got a firsthand look at health care in a developing country while conducting a clinical trial of a new drug that will one day be readily available to the people of India. At UMass Boston, Professor Padraig O’Malley, the John Joseph Moakley Chair for Peace and Reconciliation, hosted the Divided Cities conference, a forum that brought together leaders from several war-torn nations. The forum facilitated conversations about peace between nations that were currently experiencing or had previously experienced war or conflict. Whether through a classroom discussion, interaction with a visiting professor, or through an international service trip, students and faculty at the University of Massachusetts are exploring solutions to some of the world’s greatest challenges. The University’s continued efforts to incorporate intercultural and global elements into the teaching, research, and service functions of the University will help to foster the successful global leaders of tomorrow.

Professor Williams translates Middle East strife in rough terrain to classroom
Above left: Professor Brian Glyn Williams with warlord Abdul Rashid Dostum—in Afghanistan Above right: Professor Williams with students Adam Moore, Swetha Polavarapu, Alexa Cabral, Kevin Gilmore, Timothy Swanton, and Brian SilvaBoutwell

“These people live lives scarred by something unimaginable to most Americans—namely 25 years of war fought not in a distant land, but in their own towns, streets, and homes,” said University of Massachusetts Dartmouth Professor Brian Glyn Williams of the Afghan people he has met. “They want nothing more than for their children to grow up in a country where there is no war.” Williams trains his expert eye on the conflict in Islamic Eurasia, conducting field studies and traveling through dangerous territories—including a recent trek to interview the notorious and well-insulated Taliban-killer, warlord Abdul Rashid Dostum—all in the pursuit of knowledge about the war on terror.

Dostum is the master of Northern Afghanistan and the Uzbek people. Dostum and his army of turbaned horsemen were America’s greatest allies in overthrowing Taliban forces in 2001. Williams journeyed from Kabul, crossing the landmine-covered Shomali Plain and Hindu Kush mountains for an interview with Dostum, the man responsible for capturing almost all of the Taliban militants imprisoned at Guantanamo Bay, Cuba. Williams eluded a heavy security detail to contact Dostum and made his request. With the word “tanam”—let’s do this—the anticipated five-minute conversation morphed into a two-week, in-depth interview.

Not only did Williams get the most extensive interview with the warlord ever recorded, he also experienced the violent but beautiful Afghanistan. Williams was moved by the Uzbek people, some of whom slept outside his hut to ensure his safety. “Professor Williams invigorated the classroom with stories of his time spent living in Afghanistan and with its people. Learning the struggles of the country… has helped me to see how these events tie into and shed light on 9/11 and why President Obama needs to deploy 30,000 more troops into hostile territory. Professor Williams has a gift in that he can bring history to life,” said student Brendan Valencia.

“The University of Massachusetts prepares students to be globally competent—giving them the knowledge, experiences, and skills to work across cultures and borders.”
Jean F. MacCormack, Ed.D. Chancellor, UMass Dartmouth


President’s Report

2 1 S T C E N T U R Y FA C I L I T I E S


The University’s ambitious capital plan for cutting-edge additions brings the future to life with form and function
To advance our goal of attracting the finest students and faculty, the
University of Massachusetts is committed to modern living and learning facilities that enhance the depth and value of our educational environment. The University has embarked on an ambitious capital plan for 300 building and renovation projects across the five UMass campuses. With support from the Commonwealth’s higher education and life sciences bond bills, the University will invest $2.6 billion in new 21st century facilities, energy improvements, and deferred maintenance over the next five years. Priorities include research labs, classrooms, and student facilities that foster alliances among academic disciplines—thereby exposing students to faculty whose research yields expert knowledge, and teaching them to work with classmates worldwide. With these investments in cutting-edge facilities, we have every reason to be confident in and optimistic about the future of the University and the students who are destined to become 21st century leaders.

The award-winning Central Heating Plant at the University of Massachusetts Amherst sets new standards and is expected to save the campus $1 million a month in energy costs.

Full steam ahead for UMass Amherst “green” plant
Above left: Students work out in UMass Amherst’s new Student Recreation Center Above top right, at the dedication of the Central Heating Plant in April 2009 (L-R): Theodore Carroll John A. Mathews Robert P. Thornton Edward W. Collins Jr. Jack M. Wilson Robert C. Holub Robert K. Sheridan Philip Giudice Joyce M. Hatch Above bottom right: New UMass Amherst Central Heating Plant

Can a building be aesthetically pleasing, environmentally friendly, and provide heat for an entire university campus? Just look to the new Central Heating Plant at the University of Massachusetts Amherst for proof. With its distinctive south-facing glass wall, rounded roof, and bright red exterior, you might assume the building is an architecturally innovative performing arts center or a sparkling new sports arena. In reality, it is one of the cleanest heating plants in the nation, cutting the campus’s carbon footprint by 30 percent. The state-of-the-art, $133 million facility is a part of UMass Amherst’s larger commitment to becoming a “green” leader and fostering campus-wide sustainability practices. It comes two years after University leaders signed the American College & University

Presidents’ Climate Commitment, a national pledge to neutralize institutional greenhouse gas emissions and to accelerate research and education efforts addressing global warming. The award-winning plant sets new standards and is expected to save the campus $1 million a month in energy costs. It generates both electricity and steam, uses natural gas and oil, and can be expanded to burn such biofuels as wood chips, according to James Cahill, director of Facilities and Campus Planning. It replaces an obsolete, coalburning facility dating back to 1918. The facility is designed to meet all the campus’s needs for heat and will be capable of producing 80 percent of its electrical load after an additional steam turbine is installed. The plant complies with some of the most rigorous air-quality requirements in the country and uses

advanced combustion turbine burners and pollution-control equipment to reduce emissions by approximately 75 percent. The plant recovers 80 percent of the energy used per pound of fuel consumed, twice the average of current power plants. The operation also will conserve 65 million gallons of clean drinking water annually by using treated gray water from the Amherst wastewater treatment plant to replace water lost in steam distribution and use. In 2008, the Combined Cycle Journal, an international publication that recognizes outstanding power plant constructions around the world, awarded the facility its “Pacesetter Plant Award.” The new plant represents a major step in transforming the campus into a statewide showcase for energy efficiency.

“As the University continues to attract the best faculty and the brightest students, we must also provide cutting-edge facilities. UMass Amherst is meeting this challenge with state-of-the-art facilities that support the unique endeavors of living and learning at a major research university.”
Robert C. Holub, Ph.D. Chancellor, UMass Amherst

Here’s a look at some of the completed or underway projects: UMass Amherst: The completed Integrated Science building and Central Heating Plant reduce our carbon footprint. Design is being completed for the new Laboratory Science Building. UMass Boston: The completed Venture Development Center includes lab space for entrepreneurs. Construction of a new Integrated Sciences Complex will provide faculty researchers with advanced labs. UMass Dartmouth: A 22,000-square-foot, three-story addition to the Learning Pavilion at the Charlton College of Business is planned. Renovation of the Claire T. Carney Library will include assembly and study space. UMass Lowell: UMass Lowell Inn and Conference Center provides housing for hundreds of students. Acquisition of the Tsongas Arena will provide events as in past years. The new $40 million South Campus academic building will address dramatic growth in the nursing, criminal justice, English, and psychology programs. UMass Medical School: The Albert Sherman Center will be a state-of-the-art biomedical research and academic support center, including the Advanced Therapeutics Cluster, to enhance progressive RNAi, gene therapy, and stem cell research.


President’s Report



UMass takes on real world matters through innovative research, including studies undertaken by the UMass Boston McCormack Graduate School of Policy Studies and the UMass Dartmouth School of Marine Science and Technology (SMAST).

Pursuing solutions from classrooms to companies, the University’s focus on innovation drives the state’s economy
In today’s global economy, university-based innovation ensures a strong fiscal
future for Massachusetts. The University of Massachusetts provides the knowledge and manpower crucial to advancing the state’s innovation-based economy. Driven by our faculty, the five University of Massachusetts campuses support the Commonwealth’s innovation ecosystem with talent, ideas, and discoveries that generate jobs, inspire new companies, and encourage industry partnerships across the state. With 66,000 students, the University produces 12,600 graduates per year—60 percent of whom will stay in Massachusetts for their careers. According to a recent economic impact study, UMass contributed to $4 billion of economic activity in Massachusetts in Fiscal 2009 through local operating and construction expenditures; and resident faculty, staff, and student spending. These outlays helped to support an estimated 15,000 additional jobs throughout the Commonwealth, yielding a total of more than 37,700 jobs. The Commonwealth’s $540 million support of UMass accounts for 22 percent of the University’s $2.4 billion total operating budget, providing excellent return on investment for the Commonwealth. Since 2004, the President’s groundbreaking Faculty Science and Technology and Creative Economy Initiatives have provided seed funding for faculty research in science, engineering, arts, humanities, and social sciences. In Fiscal 2009, UMass awarded $1 million to faculty, with President Jack M. Wilson noting: “The University’s support of research and scholarship is central to its academic mission—these grants are among the tools we use to retain world-class faculty, enrich our students’ learning experiences, and apply the University’s intellectual resources to solve global, national, and local problems.” With support from the Office of Commercial Ventures and Intellectual Property, the innovation-related income on each of our five campuses has risen steadily during the last decade, most successfully at the Medical School. The University’s intellectual property licensing income soared to a record $73 million, up from $37 million the previous year—a performance that likely will catapult UMass into the intellectual property income top 10 nationwide. UMass expended $489 million in research and development in Fiscal 2009, proving its commitment to generating powerful activity and results in the economic sector.

UMass at the crest of ocean management
Above left (L-R): students Kenna Wilkie, Ambarish Karmalkar, and Sebastian Koenig work with UMass Amherst professor Rob DeConto on global climate dynamics Above right (L-R): Science Associate Kimberly Starbuck (UMB, M.S. ’08), MOP founder Robbin Peach, and Prassede Vella (UMB, Ph.D. candidate) of the Massachusetts Office of Coastal Zone Management

The University of Massachusetts Boston McCormack Graduate School of Policy Studies is working to protect the potential of the sea with the Massachusetts Ocean Partnership (MOP), a university/stakeholder consortium designed to advance ecosystem-based management of the Commonwealth’s coastal waters. The initiative is supported by an $8.2 million private grant—the largest UMass Boston has ever received— from the Gordon and Betty Moore Foundation, a California-based group that rarely funds East Coast projects. With additional funding from the UMass President’s Office, the MOP has helped Massachusetts to create the nation’s first multi-use ocean management plan that integrates public outreach, robust scientific data, and effective planning tools to streamline competing uses of ocean resources.

Human impact is changing coastal and marine ecosystems, compromising beaches, seafood, and storm and flood protection. The MOP creates forums designed to reach solutions to these regional ocean management issues. Its work highlights the importance of balancing ocean use, including such technology as renewable marine energy, and supports policies that drive economic recovery while defending critical ocean habitats. Robbin E. Peach, M.P.A., founder of the MOP and director of the Collaborative Institute for Oceans, Climate, and Security at UMass Boston, specializes in public-private partnerships that have garnered more than $50 million for the Commonwealth’s environment. The Collaborative Institute for Oceans, Climate, and Security, an alliance between the College of Science

and Math, McCormack School, and the Venture Development Center, focuses on resilient coastal communities, climate adaptation strategies, and human/ national security.

“We use our strength as a research university to create new knowledge, address social problems, inform public policy, and support the economic and social welfare of the Commonwealth.”
J. Keith Motley, Ph.D. Chancellor, UMass Boston

Since 2001, SMAST has been working with the state Department of Environmental Protection on the Massachusetts Estuaries Project, a $12 million effort to provide practical, affordable strategies that protect and restore the fragile shoreline of Southeastern Massachusetts, Cape Cod, and the Islands. So far, SMAST has analyzed about 40 estuaries, saving municipalities an estimated $300 million by helping to develop restoration strategies that ensure the most benefit to these areas.


President’s Report



Strong alumni support allows us to provide scholarships to the state’s brightest and most deserving young people who continue to fuel the spirit of innovation, a cornerstone of a UMass education.

Successful alumni, effecting positive change in the Commonwealth and across the globe, create the power behind a degree from the University of Massachusetts
With a student body of more than 60,000, the five-campus University
of Massachusetts system educates more state citizens than any other institution in the Commonwealth. Nearly nine out of 10 UMass students are Massachusetts residents, and more than 60 percent of our almost 400,000 alumni remain in the state after graduation. More than ever, UMass alumni—business leaders, health care professionals, scientists, artists, educators, and experts in a host of industries—are connecting through networking, attending reunions and alumni events, and NetworkUMass, the online alumni community. Opportunities after graduation include accredited online courses, one-day learning programs, professional development experiences, and social networking. We recognize our alumni as our most ardent advocates and recruiters, and we hope that by providing unique experiences, we can foster a lifelong relationship.

Alumni experts invest in business students’ success
Above left (L-R) Back row: Scott Wilson, Michael Krieger, John Kattar, Roy J. Zuckerberg, Professor Ravi Jain, President Jack M. Wilson, Warren Isabelle, Bryan Ratliff. Front row (seated): Courtney Stepien, Amy Osgood, Jonathan Pedi, and Patrick Livermore Above top right: Students at the UMass Lowell commencement Above bottom right (L-R): UMass Dartmouth alumni Claire T. Carney (’73, H ’90) and Joyce LeBlanc (’89)

As a senior at UMass Lowell, Amy Osgood never dreamed she would have the chance to invest $25,000 in the stock market. Nor did she think that, at age 21, she would garner investment advice from such industry giants as former Goldman Sachs Vice Chairman Roy Zuckerberg, Ironwood Capital Management President Warren Isabelle, and Eastern Investment Advisors Chief Investment Officer John Kattar. This all changed when she and her team entered the annual University of Massachusetts Student Managed Fund contest. The competition challenges business students from the UMass system to earn the highest return on a $25,000 seed fund through real stock market investing. Each team started in January 2008 with $25,000 from the UMass Foundation. Although the students decide which stocks to buy, actual trades are handled

by the UMass Foundation. Students benefit, academically and professionally, from collaborating with successful alumni who work in the financial sector. “We had the perfect formula: outstanding faculty and alumni advisors, simple but solid investment principles, and most importantly, the opportunity,” Osgood said. “Looking back at the Student Managed Fund, I am forever grateful for the opportunity the University of Massachusetts generously presented us with. There are certain topics in life that have more impact when they don’t come from the pages of a text book and this is one of them.” The UMass Lowell team won the contest for the second consecutive year. During the 2008–09 academic year, Lowell’s fund generated a -4.25 percent return and overperformed the S&P 500 fund by 23.44 percent.

Assistant Professor Ravi Jain served as the team’s faculty advisor. UMass Lowell alumni Zuckerberg, Isabelle, and Kattar, all of whom are members of the UMass Foundation Investment Committee, also advised the students throughout the competition. Alumni Investment Committee members from each campus advised each student team. “We are extremely proud of all of our students who participated in this year’s competition,” said UMass President Jack M. Wilson. “Our alumni advisors, with their wealth of knowledge, are training the future leaders of finance and will continue the University’s legacy of producing highly trained business professionals and excellent Investment Committee members.”

“As a UMass Lowell alumnus, I know that the education I received, and the possibilities it opened for me, have shaped everything in my professional life. The same can be said of all of our alumni, and we are proud of everything they have accomplished.”
Martin T. Meehan, J.D. Chancellor, UMass Lowell

Many alumni have made the University of Massachusetts a philanthropic priority. These alumni acknowledge that an investment in UMass is an investment in the future of our society. Strong alumni support allows us to provide scholarships to the state’s brightest and most deserving young people who continue to fuel the spirit of innovation, a cornerstone of a UMass education. Overall, the University’s endowment has more than doubled during the past eight years, from $151 million in 2002 to more than $367 million at the end of 2009. The greatest resource available to UMass students and alumni is the thriving community of talented graduates.

UMass Comes To You! The University has launched UMass Comes To You!, a new series covering topics from health to current events, clean energy to literature. The series gives alumni the opportunity to go back to school for an entire day. Become a member of your campus’s online alumni community to stay informed on this and many other events.

NetworkUMass Connect with the powerful network of 220,000 University alumni by joining NetworkUMass, the online alumni community. Build a profile, search and post job listings, and look for fellow classmates. Visit www.NetworkUMass.com

UMassOnline Earn your accredited online degree or certificate from one of the nation’s topranked universities through UMassOnline, which allows you to attend the same high-quality programs and learn from the same world-class faculty as students at the University of Massachusetts’ Amherst, Boston, Dartmouth, Lowell, or Worcester campuses. For more information, visit www.umassonline.net


President’s Report



Members of the UMass community contribute thousands of hours annually to the greater global community as well as our local neighborhoods, cities, and towns.

The spirit of public service lies at the heart of the University of Massachusetts experience
The University of Massachusetts is a vital partner in the lives of all
residents of the Commonwealth. This collaboration between the University and our greater society, through which goals and objectives are jointly developed, and expertise and resources are shared, ensures that every resident has the opportunity to benefit from the education provided by the University and the new knowledge created here. University research is springing from the labs and classrooms of our campuses to reach people in every corner of the state. Over the past year, University research has yielded dozens of start-up companies that require Massachusetts workers to operate. These new companies give way to industry clusters that feed the local economy. In addition to its core mission, members of the UMass community contribute thousands of hours annually to the greater global community as well as our local neighborhoods, cities, and towns. These service projects provide benefits to the community while enriching our society.

Commonwealth Medicine solving long-term care puzzle
Above left: Senior leaders from UMass Medical School and UMass Memorial Health Care donned gloves and pitched in at the Great Brook Valley Health Center on the 2009 Day of Caring, sponsored by United Way of Central Massachusetts Above right: Commonwealth Medicine and the Massachusetts LTC Financing Advisory Committee identify future financing for elders and individuals with disabilities Photo credit: Robert Carlin Photography

For decades, Medicaid and Medicare have provided a health care safety net to millions of Americans in need of acute care. Long-term care (LTC), however, has been more complicated to predict, structure, and provide consistently. Until recently, it has been on the back burner of the national policy agenda. As the U.S. population lives longer, elders and those with disabilities need more comprehensive long-term medical and social services and support. Now LTC has become a major focal point in the ongoing national health care debate. In late 2008, Massachusetts Governor Deval L. Patrick’s administration unveiled its Community First Olmstead Plan, with the state’s Executive Office of Health and Human Services (EOHHS) and Executive Office of Elder Affairs. Its goal is to ensure that elders and people with disabilities in Massachusetts have access to opportunities and support that allow

them to live with dignity and as much independence as possible. Under this plan, EOHHS, MassHealth (Massachusetts Medicaid), and Elder Affairs leadership convened the Massachusetts Long-Term Care Financing Advisory Committee, composed of 24 public and private health care stakeholders and experts. The committee’s charge was to identify strategic options for a sustainable mix of private and public LTC funding mechanisms. EOHHS, MassHealth, and Elder Affairs called upon Commonwealth Medicine, the University of Massachusetts Medical School’s nonprofit consulting and service organization, to conduct the most comprehensive review of LTC financing to date. Both at the table and behind the scenes, Commonwealth Medicine has made vital contributions to the committee’s work.

Substantive analytic support comes from its Center for Health Law and Economics (CHLE), with expertise from its Office of Long-Term Support Studies, which administers federally funded Community First and Systems Transformation grants in Massachusetts. The two groups prepared a policy development framework and background materials. CHLE’s explanation of Medicaid’s complicated eligibility rules laid the foundation for meaningful discussion, and when the committee delved into the public LTC financing system, CHLE guided the committee through available options. “We are proud to support the Commonwealth,” said Michael F. Collins, M.D., Chancellor of UMass Medical School. “The involvement with the LTC Financing Advisory Committee is reflective of the long-standing, productive partnership between Commonwealth Medicine and the state.”

“Service to the Commonwealth is the cornerstone of our mission. It is what guides and inspires us as we educate physicians and nurses to care for our neighbors; as we develop health policy that saves taxpayers millions of dollars through innovation; and as we invest in research that preserves Massachusetts’ status as a global life-sciences leader.”
Michael F. Collins, M.D. Chancellor, UMass Medical School; Senior Vice President for Health Sciences

Projects run the gamut, from a reading enrichment program for English-as-asecond-language school children run by the UMass Lowell basketball team, to UMass Boston’s Camp Shriver, a camp that brings together students with and without intellectual disabilities to engage in athletic activities.




Research, teaching, and serving the greater good are hallmarks of a University of Massachusetts education. We are honored to acknowledge the wealth of public service provided by our star faculty members.
University of Massachusetts President Jack M. Wilson presented the
2009 President’s Public Service Awards to five worthy faculty members who provide exemplary public service to the Commonwealth. Since 1997, these awards have been given annually to faculty members of UMass Amherst, Boston, Dartmouth, Lowell, and Medical School. Our hard-working faculty members not only educate our students, they also contribute much to our communities, our Commonwealth, and our world. “The energy one gets from even the simplest acts of giving is powerful motivation,” says Professor Matthew Roy, UMass Dartmouth’s recipient. This year’s honorees are: Mari Castañeda, Ph.D. Associate Professor of Communications, UMass Amherst Professor Castañeda is recognized for her role in the development of university-community partnerships that benefit the growing Latino community of Holyoke, MA, in areas of education, economic development, and housing. She is an ardent and energetic advocate whose work with the Community Outreach Partnership Center (COPC) and Student Bridges demonstrates the strength of her commitment to building reciprocal relationships that dovetail with her work in media, cultural production, policy, and pedagogy.

David G. Terkla, Ph.D. Professor of Economics and Environmental, Earth, and Ocean Sciences, UMass Boston Professor Terkla is recognized for the enormous impact he has made on Greater Boston and the Commonwealth through his work identifying new industry clusters and their influences on the Massachusetts economy, his research on transportation planning that helped to initiate significant legislative and policy changes, and his work in fisheries and ocean management. Dr. Terkla has established a highly respected body of work that is recognized by academics, practitioners, politicians, and leaders. Matthew Roy, Ph.D. Assistant Provost, Director of the Center for Civic Engagement, School of Education, Public Policy, and Civic Engagement, UMass Dartmouth Professor Roy is recognized for leading a five-campus collaboration to increase the breadth and depth of community service learning performed by University of Massachusetts students. He is also the architect of the Leadership for Educational Attainment Developed through Service (LEADS) program, designed to increase the civic engagement and leadership skills of Fall River and New Bedford public school students. Kay Doyle, Ph.D. Professor, Program Director and Department Chair of Clinical and Nutritional Sciences, UMass Lowell Professor Doyle is a passionate advocate who has demonstrated a longstanding dedication to enhancing lives through developing strong partnerships between science and the people who are influenced by it. As a scientist and global leader within the American Society for Clinical Pathology (ASCP), she participates in the certification of medical laboratory professionals in this country and is establishing standards for laboratory medicine across the world. Dr. Doyle’s service and commitment know no boundaries. Linda D. Sagor, M.D., M.P.H. Associate Professor of Clinical Pediatrics, Division Director of General Pediatrics, UMass Medical School Professor Sagor, a compassionate pediatrician and ardent advocate for children, is one of Central Massachusetts’ leading physicians. She is committed to the care and welfare of children on multiple levels, from promoting school breakfast programs to teaching medical students about the importance of primary care. Dr. Sagor founded and directs FaCES, the Foster Children Evaluation Services Clinic, providing health assessments to facilitate excellent medical care for these vulnerable children.

Left: Mari Castañeda, Ph.D. Right page, top to bottom: David G. Terkla, Ph.D. Matthew Roy, Ph.D. Kay Doyle, Ph.D. Linda D. Sagor, M.D., M.P.H.





The UMass endowment is an accumulation of funds, primarily gifts with donordesignated purposes, set aside and invested to support the University’s teaching and research missions in perpetuity

I have been honored to serve as the University of Massachusetts Foundation Investment Committee Chairman for 10 years. This past year has tested the fortitude and skill of individual and institutional investors alike. Despite the well-reported challenges of the 2009 economy, at UMass we have relatively good news to report. I am pleased to share with you that for one-, three- and five-year returns we outperformed the markets and our benchmarks. In Fiscal 2009, the UMass endowment ranked in the top quartile of American colleges and universities on a relative performance basis, according to the National Association of College and University Business Officers. Based on market value change of -4.6 percent, the University was seventh among endowments of $100 million to $500 million. At the close of Fiscal 2009 (June 30, 2009), our endowment stood at $367 million. Although the endowment investment performance was -15.5 percent for the fiscal year, our relative performance was better than the average -18.7 percent among all university endowment portfolios. The endowment is essential to advancing the mission of the University. Its ultimate purpose is to invest in people who drive the success of the University. President Wilson, University Trustees, and the Chancellors have increased their commitments to financial aid, and the endowment is a vital source of these funds. Since 2002, the University has increased total institutional financial aid by $64 million—an increase of 205 percent. In Fiscal 2009, UMass provided institutional aid totaling approximately $97.2 million and met 92 percent of Massachusetts undergraduates’ financial need. With endowed funds created by our many generous donors, scholarships, chairs, graduate fellowships, and library funds are supported in perpetuity, enabling the University to recruit the highest caliber students, and the faculty to advance knowledge and educate our students who will compete in and lead our global economy. When you give to the endowment, you invest in the University for today and for tomorrow. I am deeply grateful to my colleagues on the Investment Committee for their prudence and diligence in protecting and managing the endowment. We also benefit from the solid insight of our paid advisor, Victor Livingstone at Morgan Stanley. I join President Wilson and the Chancellors in thanking the many alumni, parents, and friends who have become donors. The University cannot maintain its trajectory without your support, and I am proud to be among the stewards of your philanthropy.



$381 $367



To donate to the UMass Foundation, go to www.massachusetts.edu/giving

$300 $260 $250 $222 $200 $196 190% 180% 170% $150 .92% 16.01% 160% 150% 140% 130% 120% 110% 100% FY 2006 FY 2007 FY 2008 FY 2009





$50 10.38% 2.2% FY 2004

10.38% 2.5% 3.0% FY 2005 3.8% 3.6%






Represents endowment and funds treated as endowment

Roy J. Zuckerberg UMass Lowell ’58 UMass Foundation Treasurer and Investment Committee Chairman


President’s Report

2 0 0 9 C O N S O L I D AT E D F I N A N C I A L I N F O R M AT I O N
Containing financial information between the dates of July 1, 2008 and June 30, 2009


The University recognizes the following members of the UMass Foundation Board of Directors, who served with distinction during Fiscal 2009 (July 1, 2008–June 30, 2009)

Statement of Net Assets
As of June 30, 2009 and 2008 (in thousands of dollars) University June 30, 2009
$ 33,091 14,086 199,532 1,357 160,820 13,833 15,546 1,535 21,794 461,594

Jack M. Wilson, President ^*+ Edward H. D’Alelio, ‘74, Secretary ^* Roy J. Zuckerberg, ‘58, ‘99 H, Treasurer ^* Katherine V. Smith, Executive Vice President and Chief Operating Officer, University of Massachusetts Foundation
Cash and Cash Equivalents Cash Held By State Treasurer Accounts, Grants and Loans Receivable Pledges Receivable Short Term Investments Inventories Accounts Receivable UMass Memorial Due From Related Organizations Other Assets Total Current Assets Cash and Cash Equivalents Cash Held By State Treasurer Cash and Securities Held By Trustees Accounts, Grants and Loans Receivable Pledges Receivable Investments Other Assets Investment In Plant Net of Accumulated Depreciation Total Noncurrent Assets Total Assets Accounts Payable Accrued Salaries and Wages Accrued Liability for Compensated Absences Accrued Liability for Workers’ Compensation Arbitrage Rebate Payable Accrued Interest Payable Bonds Payable Capital Lease Obligations Accounts Payable UMass Memorial Due To Related Organizations Deferred Revenues and Credits Advances and Deposits Other Liabilities Total Current Liabilities Accrued Liability for Compensated Absences Accrued Liability for Workers’ Compensation Arbitrage Rebate Payable Bonds Payable Capital Lease Obligations Deferred Revenues and Credits Advances and Deposits Other Liabilities Total Noncurrent Liabilities Total Liabilities Invested in Capital Assets Net of Related Debt Restricted Nonexpendable Restricted Expendable Unrestricted Total Net Assets

University Related Organizations June 30, 2009

University June 30, 2008
$ 38,453 10,965

University Related Organizations June 30, 2008


1,002 212,483 14,387 4,138


Public Directors
Richard V. Aghababian, ‘74 M.D., term exp. 2011 + Mark Atkins, ‘71, term exp. 2010 + Douglas Cliggott, ‘78, term exp. 2010 ^* Stephen A. Collins, ‘81, term exp. 2012 + Edward H. D’Alelio, ‘74, term exp. 2010 ^* Joseph C. Day, ‘66, term exp. 2011 Stephen R. Dunne, ‘89, term exp. 2012 + Grace K. Fey, ‘07 H, term exp. 2010 * Stanley L. Fung, ‘79, term exp. 2012 * Maria D. Furman, ‘76, term exp. 2012 * Warren J. Isabelle, ‘78 B.S., ‘81 M.S., term exp. 2010 * John D. Kattar, CFA, ‘78 B.A., ‘82 M.S., term exp. 2011 ^* James P. Pappas, ‘75 B.A., term exp. 2011 ^+ R. Norman Peters, J.D., ‘04 H, term exp. 2011 Mary L. Reed, term exp. 2012 + Robert R. Reitano, ‘71, ‘72 G, term exp. 2012 ^* Andrew T. Rudd, term exp. 2011 * Robert K. Sheridan, term exp. 2010 Karl E. White, term exp. 2012 * Roy J. Zuckerberg, ‘58 B.S., ‘99 H, term exp. 2011 ^*

806 16 9,081 3,402

111 32,603 513,725

990 39 8,344

Current Assets Assets Current Liabilities Liabilities Noncurrent Liabilities Net Assets Noncurrent Assets

$ 22


$ 22

3,753 7,272 642,210 34,749

$ 8,613 475,153 35,329 2,028 513,392 12,824 2,068,485 3,115,824 $ 3,577,418 $ 98,201 70,752 69,443 3,717 12,146 123,790 11,457 3,372 806 48,325 6,854 65,856 514,719 23,593 10,416 544 1,210,220 22,870 23,668 26,782 3,301 1,321,394 $ 1,836,113 $ 1,094,306 16,699 156,649 473,651 $ 1,741,305 3,025 3,025 $ 10,980 $ 950 225,549 41,033 (10,761) $ 256,771 7,955 1,535 6,243 3,498 250,769 51 950 258,670 $ 267,751 $ 177

1,854 420,234 13,209 1,919,915 3,039,443 $ 3,553,168 $ 91,550 64,835 67,375 3,125 956 9,912 127,291 8,251 3,056 990 61,400 8,552 68,061 515,354 21,707 11,274 519 1,257,734 34,177 13,556 27,383 418 1,366,768 $ 1,882,122 $ 1,027,045 16,605 161,732 465,664 $ 1,671,046

5,179 292,526 48 979 302,485 $ 310,829 $ 266

University-Affiliated Voting Directors/Ex-Officio
Michael F. Collins, M.D., Chancellor, University of Massachusetts Medical School Matthew C. Donahue, J.D., University of Massachusetts Lowell Patricia C. Flaherty, ‘81, University of Massachusetts Boston David J. Gray, Senior Vice President for Administration, Finance and Technology, Treasurer, University of Massachusetts * Robert C. Holub, Ph.D., Chancellor, University of Massachusetts Amherst James R. Julian Jr., Executive Vice President and Chief Operating Officer, University of Massachusetts ^* Richard E. Lawton, J.D., Chairman, Committee on University Advancement Stephen W. Lenhardt, Deputy Chief Operating Officer, University of Massachusetts * Jean F. MacCormack, Ed.D., Chancellor, University of Massachusetts Dartmouth Robert J. Manning, ‘84, Chairman, Board of Trustees, University of Massachusetts ^ Martin T. Meehan, J.D., ‘78, Chancellor, University of Massachusetts Lowell J. Keith Motley, Ph.D., Chancellor, University of Massachusetts Boston Frank B. Sousa Jr., University of Massachusetts Dartmouth Jack M. Wilson, Ph.D., President, University of Massachusetts ^*+

111 8,886


3,636 3,636 $ 12,899 $ 979 212,017 77,192 7,742 $ 297,930

Investment Advisor
Victor Livingstone, Morgan Stanley ^ Executive Committee members * Investment Committee members + Governance and Audit Committee members Board is reflected as of December 2009

From top to bottom: UMass Dartmouth marketing major Kathleen Foley (’10) competing at the Tripp Center; UMass Lowell students; UMass Boston alum and violinist Andrew Kohji Taylor; UMass Amherst’s top-ranked softball team


Statements of Cash Flows
For the Years Ending June 30, 2009 and 2008 (in thousands of dollars)

University June 30, 2009
$ 516,757 490,169 (996,152) (1,105,868) (217,782) (29,845) (4,189) 3,744 261,869 25,428 103,842 589,985 (362,042) 597,202 (47,107) 5,574 21,817 140 49 577,675 19,290 (113) 27,166 5,182 (120,653) (76,429) (58,375) (178,115) (382,047) 1,297,493 42,010 (1,341,046) (1,543) (167,957) 698,900 $ 530,943 ($ 477,843) 140,392 (1,058) 554 (1,608) (11,092) (4,330) (4,116) 9,605 (2,963) (2,299) (7,284) ($ 362,042) $ 28,090 (13,424) (3,492) (32,715)

University June 30, 2008
$ 494,210 483,167 (886,801) (1,069,262) (268,938) (28,111) (5,733) 4,253 232,694 25,230 87,052 599,679 (332,560) 673,134 (46,164) 7,099 22,675 1,557 151 658,452 393,037 (1,129) 20,246 1,250 (144,013) (65,588) (42,871) (188,045) (27,113) 1,532,642 23,810 (1,674,343) (117,891) 180,888 518,012 $ 698,900 ($ 549,672) 127,519 6,864 (1,104) (210) 118,087 (2,165) (14,743) 12,082 5,478 (2,728) (31,968) ($ 332,560) $ 38,061 (7,560) (10,649) (45,745)

Statements of Revenues, Expenses, and Changes in Net Assets
For the Years Ending June 30, 2009 and 2008 (in thousands of dollars)
Tuition and Fees (net of scholarship allowances of $126,779 at June 30, 2009 and $113,738 at June 30, 2008) Federal Grants and Contracts State Grants and Contracts Local Grants and Contracts Private Grants and Contracts Sales & Service, Educational Auxiliary Enterprises Other Operating Revenues: Sales & Service, Independent Operations Sales & Service, Public Service Activities Other Total Operating Revenues Educational and General Instruction Research Public Service Academic Support Student Services Institutional Support Operation and Maintenance of Plant Depreciation and Amortization Scholarships and Fellowships Auxiliary Enterprises Other Expenditures Independent Operations Public Service Activities Total Operating Expenses Operating Loss Federal Appropriations State Appropriations Gifts Investment Income Endowment Income Interest on Indebtedness Other Nonoperating Income Net Nonoperating Revenues Income/(Loss) Before Other Revenues, Expenses, Gains, and Losses Capital Appropriations Capital Grants and Contracts Additions to Permanent Endowments Disposal of Plant Facilities Other Additions/Deductions Total Other Revenues, Expenses, Gains, and Losses Total Increase/(Decrease) in Net Assets Net Assets at Beginning of Year Net Assets at End of Year

University June 30, 2009
$ 490,374

University Related Organizations June 30, 2009

University June 30, 2008
$ 458,439

University Related Organizations June 30, 2008


Tuition and Fees Grants and Contracts Payments to Suppliers Payments to Employees Payments for Benefits Payments for Scholarships and Fellowships Loans Issued to Students and Employees Collections of Loans to Students and Employees Auxiliary Enterprises Receipts Sales & Service, Educational Sales & Service, Independent Operations Sales & Service, Public Service Activities Net Cash Used for Operating Activities State Appropriations Tuition Remitted to the State Federal Appropriations Gifts and Grants for Other Than Capital Purposes Private Gifts for Endowment Purposes Student Organization Agency Transactions Net Cash Provided by Noncapital Financing Activities Proceeds from Capital Debt Bond Issuance Costs Paid Capital Appropriations Capital Grants and Contracts Purchases of Capital Assets and Construction Principal Paid on Capital Debt and Leases Interest Paid on Capital Debt and Leases Use of Debt Proceeds on Deposit with Trustees Net Cash Used for Capital Financing Activities Proceeds from Sales and Maturities of Investments Interest on Investments Purchase of Investments Net Cash Used for Investing Activities Net increase/(decrease) in cash and cash equivalents Cash and Cash Equivalents - Beginning of the Year Cash and Cash Equivalents - End of Year Operating Loss Adjustments to reconcile loss to net cash used by Operating Activities: Depreciation and Amortization Expense Changes in Assets and Liabilities: Receivables, net Inventories Due to/from Related Organizations Accounts Receivable/Payable UMass Memorial Other Assets Accounts Payable (non-capital) Accrued Liabilities Deferred Revenue Advances and Deposits Other Liabilties Net Cash Used for Operating Actvities Assets acquired and included in accounts payable Gain/(loss) on disposal of capital assets Securities lending activity Unrealized gains/(losses) on investments

324,100 77,115 2,149 104,399 20,965 239,669 94,908 507,096 66,920 1,927,695

318,288 72,034 2,507 99,342 20,657 231,306 65,588 363,041 57,618 1,688,820

Cash flows from operating activities


Cash flows from noncapital financing activities

540,479 358,659 67,989 125,604 87,207 163,659 191,761 140,392 29,845 188,312 56,057 455,574 2,405,538 (477,843) 5,574 540,187 22,918 (9,284) 10,319 (55,252) 8,167 522,629 44,786 27,483 5,182 12,892 (8,553) 1,361 25,473 70,259 1,671,046 $ 1,741,305 (16) (8,407) 4,469 (41,159) 297,930 $ 256,771 (31,621) (45,628) 15,929 (50,324) 2,774 14,007 (14,007) 20 544 $ 13,443

548,850 342,109 68,807 130,293 91,157 174,358 187,520 127,519 28,111 182,379 49,562 307,827 2,238,492 (549,672) 7,099 617,271 20,654 12,294 11,036 (45,846) 11,484 633,992 84,320 21,170 1,500 19,935 (10,462) (10,458) 1,750 86,070 1,584,976 $ 1,671,046 (928) 19,007 11,014 286,916 $ 297,930 11,111 (7,993) 12,304 (11,189) 9,996 19,104 (19,104) 19 5,736 $ 13,349


Cash flows from capital financing activities

Cash flows from investing activities

Cash and cash equivalents

Nonoperating revenues/ (expenses)

Reconciliation of operating loss to net cash used by operating activities

Net assets

Supplemental disclosure of noncash activities

These statements are drawn from the Fiscal Year 2009 annual financial report for the University of Massachusetts, which was audited by PricewaterhouseCoopers. For the University’s full financial report, please visit www.massachusetts.edu/controller/finrpt.html



FALL 2009
UMass Lowell


UMass Boston


Student and Faculty Profile
FALL 2009
(% Mass Residents)

Amherst 20,873

Boston 11,041

Dartmouth 7,982

Lowell 10,548

Medical School NA

Total 50,444

Above left: UMass Dartmouth graduates celebrate at the 2009 commencement Above right: UMass Boston American Studies Professor Paul Atwood Below: Students in a performance by the UMass Dartmouth Theatre Company

(% Mass Residents)







Total Students







UMass Amherst

(% Mass Residents)

UMass Dartmouth UMass Medical School

Total Faculty







All data in this report is from Fiscal Year 2009, the most recent available data for a complete fiscal year ending on June 30.



Freshman Applications

FALL 2009 48,564

Technology Commercialization UMass Economic Impact
4.5 4 Billions of Dollars 3.5 3 2.5 2 1.5 1 0.5 0
State Investment Total UMass Budget Total Impact of UMass on the State
UMass Generated Operating Revenue

FY 2009 167 43 $72,051,000 FY 2009 $160,666,000 $47,028,000 $20,669,000 $56,664,000 $204,033,000 $489,060,000

State Support and UMass Revenues FY 2009

Invention Disclosures Licenses Completed License Revenue

Total over $4B
Net State Appropriation



Research & Development Expenditures Amherst Boston Dartmouth Lowell Medical School System



Office of the President University of Massachusetts 225 Franklin Street Boston, Massachusetts 02110 617.287.7000 www.massachusetts.edu

Cert no. SW-COC-002508



A UMass Lowell graduate enjoys the revelry at the 2009 commencement

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