2010 university of massachusetts president's report

8/9/2019 2010 University of Massachusetts President's Report

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2010 Presidents Report


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Jack M. Wilson, Ph.D.President

The past year, 2009, will be remembered as one in which the University again set record

numbers of applications, quality of students, research expenditures, commercialization

intellectual property, and endowment. Thanks to the efforts of our dedicated and expe

leadership team, we have navigated effectively through the years economic challenges a

proud of our many successesmost importantly, providing continued access to high-qu

affordable education for the Commonwealths most powerful sustainable resource: our st

The UMass system is an education and innovation enterprisethe Commonwealths mo

prolific public research resourcewith nearly $500 million in research expenditures. Acr

entire system in Fiscal 2009, UMass generated $73 million in intellectual property income

record performance that is expected to put UMass among the nations top 10 universities

intellectual property income when national results are next published.

Never has our commitment to academic distinction and affordability been greater. In F

2009, UMass spent $97.2 million of its own resources on financial aid, meeting 92 perce

Massachusetts students estimated financial need. UMass students received more than $500 m

in aid from all sources. The need has never been higher. Since I have been President, we have g

our own investment in financial aid from $36 million to $138 millionan increase of 28

UMass stands at the forefront of the most important issues of our day. Students and fac

are engaged in research that leads to breakthroughs in medical treatments, economic

development, and clean energy. In an increasingly interconnected and competitive wor

University is supporting global initiatives and programs, recruiting international studen

faculty, and working with partners to provide study abroad opportunities, service learn

projects, and internships. We continue to build and maintain the 21st century facilities

our students and faculty need and deserve.

In spite of declining endowments nationwide, the University of Massachusetts turned i

a record performance in Fiscal 2009, ranking in the top quartile of American colleges a

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 d

who have made gifts to the endowment, and to our investment committee, a talented gr

of alumni, parents, and friends who are accomplished investment professionals workin

behalf of our University.

As you may know, I have announced that I will leave the Presidency when my term en

in June 2011 to return to my teaching and research. It has been an honor and privileg

serve as a steward of this great University. It has also been a joy to work on behalf of

students, faculty, and staff of the University. I would like to express my gratitude to th

many other friends of UMasselected officials, parents, and community leadersw

have done so much to sustain and advance the University. We continue to count on y

support and advocacy as we work to reach our shared objectives for the University an

the Commonwealth.

L ET T ER F RO M T H E PRES I DENT

OpportunityNever 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

tin 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

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


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Robert J. ManningUMass Lowell 84Chairman, Board of Trustees

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 opportuni

and competitive advantage.

I am grateful for the work of my fellow t rustees 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 th

Commonwealth at the highest levels while increasing available financial aid dollars a

holding tuition and fees lower than the average of its peer New England public resea

universities. I would like to thank our elected officials for their continued support

in these efforts.

The University management has taken steps, in the Presidents Office and on the cam

to reduce spending and to focus resources on growth areas. I would like to recognize ou

rate faculty and staff, who should be commended for their steadfast commitment to th

University and our students and their willingness to sacrifice in order to move UMass fo

More students and families have looked to UMass this year. They understand in

increasing numbers the tremendous educational opportunities that are possible at

the Commonwealths 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 re

that may solve some of our most significant global concernsenvironmental securit

sustainability, access to quality long-term health care and new medicinesand provi

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 Commonwealt

the world. As Chairman of the Board of Trustees, I encourage you to get involved in a

way you canwhether through alumni engagement, or as a parent, donor, or friend.

University of Massachusetts is our asset to preserve and enhance.

L ET T ER F RO M T H E CH A I RMAN

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ACADEMIC AND RESEARCH ENRICHMENTWith the help of exceptional fa culty, the University of Massachusetts

thriving research environment promotes innovative programs that

transform students into well-prepared citizens.

UNIVERSITY-WIDE GL O BAL ENGAGEMENTGreater world awareness is the goal as students and faculty look to solve

global challenges with far-reaching international impact.

21ST CENTURY FACIL IT IESNew capital projects underway within the UMass system uphold the Universitys

commitment to remaining a world-class leader in higher education.

MASSACHUSETTS INNO VATIO N ENGINEBy streamlining new ideas from the classroom to the business world,

the University keeps the states economy ahead of the learning curve.

L IFEL O NG REL ATIO NSHIPS WITH O UR AL UMNIThe University provides access to a thriving network of professional and

personal connections, creating strong bonds between student and school

that last a lifetime.

SERV ICE TO TH E CO MMO NWEAL THThe Universitys 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.

INFO RMATIO N O N THE ENDO WMENT

2009 CO NSO L IDATED F INANCIAL INFO RMATIO N

UMASS AT A GLANCE

Presidents Report

Board of Trustees

The University recognizes the following members of

the Board of Trustees (as of January 2010) who have

served with distinction.

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

Edward W. Collins Jr., Springfield

Tara-Jean DeSisto, Student, Boston

John A. DiBiaggio, D.D.S., Snowmass Village, CO

Maria D. Furman, Wellesley

Matthew S. Hoyt, Student, Dartmouth

Philip W. Johnston, Marshfield

David Koffman, Student, Lowell

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

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


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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 toboost the states 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

Commonwealths position as a global

life sciences leader.

The University of Massachusetts is

developing Masters level education and

training programs that respond to the

needs of this sector and for that, the

Sloan Foundation grant cultivates life sciences talent

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, andenvironmental 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 regions scientific

talent and currently is launching degree

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.

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

programs to meet a critical need for

experienced scientists in todays 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

Universitys dedication to educating

students for the 21st century. The recent

adoption of a Masters 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.

At the University of Massachusetts,top-notch research programs are thecornerstone of an incomparable educatio

ACADEMI C AND RES EARCH ENR I CH MENT

Central to the Universitys

mission is the attraction and

retention of world-class faculty

who, working together with

top-notch students, continue to

apply the Universitys intellectual

resources to solve global,

national, and local problems.

Jack M. Wilson, Ph.D.President

The University of Massachusettsis a leader in research, educationpublic service programs that advance knowledge and improve the lives of

throughout the state, the nation, and the world. UMass is a powerful rese

engine, with $489 million in research expenditures in Fiscal 2009 support

by sources that include the National Science Foundation (NSF), the Natio

Institutes of Health, corporate partners, and other federal, state, internal,

private sources. The Universitys research expenditures in Fiscal 2008 (the

recent available comparison data) placed UMass 23rd among the nations public universities that reported to the NSF.

The Universitys research enhances a wide range of academic programs th

enrich the student experience, spur economic growth, and feed the knowl

economy. With more than 35 nationally ranked programs across all five o

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

disciplines to engage in research, teaching, and service.

Our thriving academic research environment attracts exceptional faculty

members who are leading scholars in their fields and have received award

as the Nobel Prize, the Pulitzer Prize, the American Book Award, and the A

Lasker Basic Medical Research Award, widely known as the American No

UMass Amherst, the University systems flagship campus, is a Top Produ

Fulbright Students among research universities for the 20082009 academ

year. In 2009, 18 UMass Amherst students applied for Fulbright scholarsh

eight received them.

The UMass Medical School currently has on faculty five Howard Hughes

Medical Institute (HHMI) investigators, one of the most prestigious and

after scientific awards in the world, and two HHMI Early Career Scientist

UMassOnline has achieved double-digit growth in both enrollments and

revenues. For Fiscal 2009, the online division saw an 18 percent increase i

enrollments and a 27 percent increase in revenue over its Fiscal 2008 resu

Compared with the previous year, enrollments rose from 33,900 to 40,048

revenues increased from $36.9 million to $46.8 million.

Presidents Report


5/15

Jean F. MacCormack, Ed.D.

Chancellor, UMass Dartmouth

UNIVERSITY-WIDE GLOBAL ENGAGEMENTPresidents Report

The University of Massachusetts

prepares students to be globally

competentgiving them the

knowledge, experiences, and

skills to work across cultures

and borders.

Professor Williams translates Middle East strifein rough terrain to classroom

Above left: Professor

Brian Glyn Williams

with warlord Abdul

Rashid Dostumin

Afghanistan

Above right:

Professor Williams

with students

Adam Moore,

Swetha Polavarapu,

Alexa Cabral,Kevin Gilmore,

Timothy Swanton,

and Brian Silva-

Boutwell

These people live lives scarred by

something unimaginable to most

Americansnamely 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 thereis no war.

Williams trains his expert eye on the

conflict in Islamic Eurasia, conducting

field studies and traveling through

dangerous territoriesincluding a

recent trek to interview the notorious

and well-insulated Taliban-killer, warlord

Abdul Rashid Dostumall 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 Americas 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 responsiblefor 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 tanamlets

do thisthe 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 spentliving 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 meetsthe challenges of a complicated world bproducing internationally aware graduawho are prepared to make a difference

The University of Massachusetts holds international engagement high strategic priority. By supporting global initiatives and programs, rec

international students and faculty, and working with partners and institu

provide study-abroad opportunities, service learning projects, and intern

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 g

competent graduates with the critical tools for recognizing cultural values

than their own, for viewing global issues from a variety of perspectives, a

living and working in a rapidly changing environment.

In UMass classrooms, students and faculty explore current events, organi

cultures, and issues within our nations borders and throughout the world

Students, faculty, and staff from our five campuses are conducting researc

developing new products and technologies that impact critical global issu

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

Mass. Biologics Laboratories is being tested in clinical trials. The students

firsthand look at health care in a developing country while conducting a c

trial of a new drug that will one day be readily available to the people of I

At UMass Boston, Professor Padraig OMalley, the John Joseph Moakley C

for Peace and Reconciliation, hosted the Divided Citiesconference, a foru

brought together leaders from several war-torn nations. The forum facilit

conversations about peace between nations that were currently experienci

had previously experienced war or conflict.

Whether through a classroom discussion, interaction with a visiting prof

or through an international service trip, students and faculty at the Unive

Massachusetts are exploring solutions to some of the worlds greatest cha

The Universitys continued efforts to incorporate intercultural and global

elements into the teaching, research, and service functions of the Universi

help to foster the successful global leaders of tomorrow.

n UMass classrooms,

students and faculty

explore current events,

organizations, cultures,

and issues within our

nations borders and

throughout the world.


6/15

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 sparklingnew sports arena. In reality, it is one of

the cleanest heating plants in the nation,

cutting the campuss carbon footprint by

30 percent.

The state-of-the-art, $133 million facility

is a part of UMass Amhersts 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 biofuelsas wood chips, according to James

Cahill, director of Facilities and Campus

Planning. It replaces an obsolete, coal-

burning facility dating back to 1918.

The facility is designed to meet all the

campuss 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

Above left:

Students work out

n UMass Amhersts

new Student

Recreation Center

Above top right, at

he dedication of the

Central Heating Plant

n April 2009 (L-R):

Theodore Carroll

ohn A. Mathews

Robert P. Thornton

Edward W. Collins Jr.ack M. Wilson

Robert C. Holub

Robert K. Sheridan

Philip Giudice

oyce M. Hatch

Above bottom right:

New UMass

Amherst Central

Heating Plant

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 replacewater lost in steam di stribution 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.

Full steam ahead for UMass Amherst green plant

Presidents Report

The Universitys ambitious capital planfor cutting-edge additions brings thefuture to life with form and function

21ST CENTURY FACIL IT IES

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

To advance our goalof attracting the finest students and faculty, theUniversity of Massachusetts is committed to modern living and learning

that enhance the depth and value of our educational environment.

The University has embarked on an ambitious capital plan for 300 buildin

renovation projects across the five UMass campuses. With support from t

Commonwealths higher education and life sciences bond bills, the Unive

will invest $2.6 billion in new 21st century facilities, energy improvements

deferred maintenance over the next five years.

Priorities include research labs, classrooms, and student facilities that fost

alliances among academic disciplinesthereby exposing students to facu

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

confident in and optimistic about the future of the University and the stu

who are destined to become 21st century leaders.

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.

Heres 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 providefaculty 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

hundreds of students. Acquisition of

Tsongas Arena will provide events as

years. The new $40 million South Ca

academic building will address dram

growth in the nursing, criminal justic

English, and psychology programs.

UMass Medical School:The Albert SCenter will be a state-of-the-art biom

research and academic support cent

including the Advanced Therapeutic

to enhance progressive RNAi, gene t

and stem cell research.

The award-winning CentralHeating Plant at the University of

Massachusetts Amherst sets new

standards and is expected to save

the campus $1 million a month in

energy costs.


7/15

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

Commonwealths coastal waters.

The initiative is supported by an $8.2

million private grantthe largestUMass 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

Presidents Office, the MOP has helped

Massachusetts to create the nations

first multi-use ocean management plan

that integrates public outreach, robust

scientific data, and effective pl anning

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 ma-

rine 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

Commonwealths environment. The

Collaborative Institute for Oceans,

Climate, and Security, an alliance

between the College of Science

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).

Above left (L-R):

tudents 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 StarbuckUMB, M.S. 08),

MOP founder Robbin

Peach, and Prassede

Vella (UMB, Ph.D.

candidate) of the

Massachusetts

Office of Coastal

Zone Management

UMass at the crest of ocean management

Presidents Report

Pursuing solutions from classroomsto companies, the Universitys focus oninnovation drives the states economy

MASSACHUSETTS INNOVATION ENGINE

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

In todays global economy,university-based innovation ensures a strofuture for Massachusetts. The University of Massachusetts provides the kno

and manpower crucial to advancing the states innovation-based economy

Driven by our faculty, the five University of Massachusetts campuses supp

the Commonwealths innovation ecosystem with talent, ideas, and discov

that generate jobs, inspire new companies, and encourage industry partne

across the state. With 66,000 students, the University produces 12,600 gra

per year60 percent of whom will stay in Massachusetts for their careers

According to a recent economic impact study, UMass contributed to $4 b

of economic activity in Massachusetts in Fiscal 2009 through local operat

and construction expenditures; and resident faculty, staff, and student

spending. These outlays helped to support an estimated 15,000 additiona

throughout the Commonwealth, yielding a total of more than 37,700 job

Commonwealths $540 million support of UMass accounts for 22 percent

Universitys $2.4 billion total operating budget, providing excellent return

investment for the Commonwealth.

Since 2004, the Presidents groundbreaking Faculty Science and Technolog

Creative Economy Initiatives have provided seed funding for faculty resea

in science, engineering, arts, humanities, and social sciences. In Fiscal 200

UMass awarded $1 million to faculty, with President Jack M. Wilson notin

The Universitys support of research and scholarship is central to its acad

missionthese grants are among the tools we use to retain world-class fa

enrich our students learning experiences, and apply the Universitys inte

resources to solve global, national, and local problems.

With support from the Office of Commercial Ventures and Intellectual Pr

the innovation-related income on each of our five campuses has risen stea

during the last decade, most successfully at the Medical School. The Univeintellectual property licensing income soared to a record $73 million, up f

$37 million the previous yeara performance that likely will catapult UM

into the intellectual property income top 10 nationwide. UMass expended

million in research and development in Fiscal 2009, proving its commitm

generating powerful activity and results in the economic sector.

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.

and Math, McCormack School, and the

Venture Development Center, focuses

on resilient coastal communities, climate

adaptation strategies, and human/

national security.


8/15

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 enteredthe 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 im portantly, the opportunity,

Osgood said. Looking back at the

Student Managed Fund, I am forever

grateful for the opportunity theUniversity of Massachusetts generously

presented us with. There are certain

topics in life that have more impact

when they dont 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 200809 academic year, Lowells

fund generated a -4.25 percent return

and overperformed the S&P 500 fund

by 23.44 percent.

Above left (L-R)

Back row: Scott

Wilson, Michael

Krieger, John Kattar,

Roy J. Zuckerberg,

Professor Ravi Jain,

President Jack M.

Wilson, Warren Isa-

belle, Bryan Ratliff.

Front row (seated):

Courtney Stepien,

Amy Osgood,

onathan Pedi, and

Patrick Livermore

Above top right:

Students at the

UMass Lowell

ommencement

Above bottom

ight (L-R): UMass

Dartmouth alumni

Claire T. Carney (73,

H 90) and Joyce

LeBlanc (89)

Assistant Professor Ravi Jain served as

the teams 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 yearscompetition, 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 Universitys legacy

of producing highly trained business

professionals and excellent Investment

Committee members.

Alumni experts invest in business students success

Presidents Report

Successful alumni, effecting positive chanin the Commonwealth and across theglobe, create the power behind a degrefrom the University of Massachusetts

L IFELONG RELATIONSHIPS WITH OUR ALUMNI

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

With a student body of more than 60,000, the five-campus Uniof Massachusetts system educates more state citizens than any other instit

in the Commonwealth. Nearly nine out of 10 UMass students are Massach

residents, and more than 60 percent of our almost 400,000 alumni remain

state after graduation.

More than ever, UMass alumnibusiness leaders, health care professiona

scientists, artists, educators, and experts in a host of industriesare conn

through networking, attending reunions and alumni events, and Network

the online alumni community. Opportunities after graduation include accr

online courses, one-day learning programs, professional development exper

and social networking. We recognize our alumni as our most ardent advoc

and recruiters, and we hope that by providing unique experiences, we can

a lifelong relationship.

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 t

provide scholarships to the states brightest and most deserving young pe

who continue to fuel the spirit of innovation, a cornerstone of a UMass

education. Overall, the Universitys endowment has more than doubled d

the past eight years, from $151 million in 2002 to more than $367 million

end of 2009. The greatest resource available to UMass students and alumn

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 campuss 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 deg

certificate from one of the natio

ranked universities through UM

which allows you to attend the s

high-quality programs and learn

same world-class faculty as stud

the University of Massachusetts

Boston, Dartmouth, Lowell, or W

campuses. For more information

www.umassonline.net

trong alumni support allows us to

rovide scholarships to the states

rightest and most deserving young

eople who continue to fuel the

pirit of innovation, a cornerstone

f a UMass education.


9/15

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 LTChas become a major focal point in the

ongoing national health care debate.

In late 2008, Massachusetts Governor

Deval L. Patricks administration unveiled

its Community First Olmstead Plan, with

the states 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 committees charge was to identify

strategic options for a sustainablemix of private and public LTC funding

mechanisms. EOHHS, MassHealth, and

Elder Affairs called upon Commonwealth

Medicine, the University of Massachusetts

Medical Schools 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 committees 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. CHLEs

explanation of Medicaids complicated

eligibility rules laid the foundation for

meaningful discussion, and when thecommittee 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.

Commonwealth Medicine solving long-term care puzzle

Presidents Report

The spirit of public service liesat the heart of the University ofMassachusetts experience

SERVICE TO THE COMMONWEALTH

Michael F. Collins, M.D.

Chancellor, UMass Medical School;

Senior Vice President for Health Sciences

The University of Massachusettsis a vital partner in the lives of alresidents of the Commonwealth.

This collaboration between the University and our greater society, throug

which goals and objectives are jointly developed, and expertise and resou

are shared, ensures that every resident has the opportunity to benefit from

education provided by the University and the new knowledge created her

University research is springing from the labs and classrooms of our campto reach people in every corner of the state. Over the past year, University

research has yielded dozens of start-up companies that require Massachu

workers to operate. These new companies give way to industry clusters th

the local economy.

In addition to its core mission, members of the UMass community contri

thousands of hours annually to the greater global community as well as o

local neighborhoods, cities, and towns. These service projects provide ben

to the community while enriching our society.

Projects run the gamut, from a reading enrichment program for English-

second-language school children run by the UMass Lowell basketball team

UMass Bostons Camp Shriver, a camp that brings together students with

without intellectual disabilities to engage in athletic activities.

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.

Members of the UMass

community contribute

thousands of hours

annually to the greater

global community as well

as our local neighborhoods,

cities, and towns.

Above left: Senior

eaders from UMass

Medical School and

UMass Memorial

Health Care donned

gloves and pitched

n at the Great

Brook Valley Health

Center on the 2009

Day of Caring,

ponsored by United

Way of Central

Massachusetts

Above right:

Commonwealth

Medicine and the

Massachusetts LTC

Financing Advisory

Committee identify

uture financing for

elders and individuals

with disabilities

Photo credit: Robert

Carlin Photography


10/15

SERVICE TO THE COMMONWEALTH

Research, teaching, and serving the greatergood are hallmarks of a University ofMassachusetts education. We are honoredto acknowledge the wealth of public serviceprovided by our star faculty members.

University of Massachusetts President Jack M. Wilson presented the2009 Presidents Public Service Awards to five worthy faculty m embers 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 Dartmouths recipient.

This years honorees are:

Mari Castaeda, Ph.D.

Associate Professor of Communications, UMass Amherst

Professor Castaeda is recognized for her role in the development of

university-community partnerships that benefit the growing Latino

community of Holyoke, MA, in areas of e ducation, 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 Scienc

UMass Boston

Professor Terkla is recognized for the enormous impact he has made o

Greater Boston and the Commonwealth through his work identifying

new industry clusters and their influences on the Massachusetts econo

his research on transportation planning that helped to initiate signific

legislative and policy changes, and his work in fis heries and ocean

management. Dr. Terkla has established a highly resp ected body of wo

that is recognized by academics, practitioners, politicians, and leaders.

Matthew Roy, Ph.D.

Assistant Provost, Director of the Center for Civic Engagement, Schoo

Education, Public Policy, and Civic Engagement, UMass Dartmouth

Professor Roy is recognized for leading a five-campus collaboration toincrease the breadth and depth of community service learning perform

by University of Massachusetts students. He is also the architect of the

Leadership for Educational Attainment Developed through Service (L

program, designed to increase the civic engagement and leadership sk

Fall River and New Bedford public school s tudents.

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 long

standing dedication to enhancing lives through developing strong partn

between science and the people who are influenced by it. As a scientist

global leader within the American Society for Clinical Pathology (ASC

she participates in the certification of medical laboratory professional

this country and is establishing standards for laboratory medicine acr

world. Dr. Doyles service and commitment know no boundaries.

Linda D. Sagor, M.D., M.P.H.

Associate Professor of Clinical Pediatrics, Division Director of Gener

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 ab

importance of primary care. Dr. Sagor founded and directs FaCES, the

Children Evaluation Services Clinic, providing health assessments to f

excellent medical care for these vulnerable children.

Left: Mari Castaeda, 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.


11/15

Represents endowmentand funds treated asendowment

ANNUALENDOWMENTDOLLAR VALUE

FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009

$400

$350

$300

$250

$200

$150

$100

$50

$0

200%

190%

180%

170%

160%

150%

140%

130%

120%

110%

100%

ENDOWMENT OVER 5 YEARSDOLLARS IN MILLION(S)

Roy J. ZuckerbergUMass Lowell 58UMass Foundation Treasurer andInvestment Committee Chairman

I have been honored to serve as the University of Massachusetts Foundation Investm

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

economy, at UMass we have relatively good news to report. I am pleased to share with yo

for one-, three- and five-year returns we outperformed the markets and our benchma

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

College and University Business Officers. Based on market value change of -4.6 percent

University was seventh among endowments of $100 million to $500 million. At the clos

Fiscal 2009 (June 30, 2009), our endowment stood at $367 million.

Although the endowment investment performance was -15.5 percent for the fiscal ye

our relative performance was better than the average -18.7 percent among all univers

endowment portfolios.

The endowment is essential to advancing the mission of the University. Its ultimatepurpose is to invest in people who drive the success of the University. President Wilso

University Trustees, and the Chancellors have increased their commitments to financ

aid, and the endowment is a vital source of these funds. Since 2002, the University ha

increased total institutional financial aid by $64 millionan increase of 205 percent

In Fiscal 2009, UMass provided institutional aid totaling approximately $97.2 millio

met 92 percent of Massachusetts undergraduates financial need. With endowed fund

created by our many generous donors, scholarships, chairs, graduate fellowships, and

library funds are supported in perpetuity, enabling the University to recruit the highe

caliber students, and the faculty to advance knowledge and educate our students who

compete in and lead our g lobal economy.

When you give to the endowment, you invest in the University for today and for tomor

I am deeply grateful to my colleagues on the Investment Committee for their prudence

diligence in protecting and managing the endowment. We also benefit from the solid in

of our paid advisor, Victor Livingstone at Morgan Stanley. I join President Wilson and t

Chancellors in thanking the many alumni, parents, and friends who have become dono

The University cannot maintain its trajectory without your support, and I am proud to

among the stewards of your philanthropy.

$330

$381

$367

$260

-15%

3.8%2.5%

3.6%1.4%

11.02%

UMASS ENDOWMENT

The UMass endowment is an accumulationof funds, primarily gifts with donor-designated purposes, set aside and investedto support the Universitys teaching andresearch missions in perpetuity

COMPOUNDEDINFLATION

COMPOUNDEDEARNINGS

L ET T ER F RO M RO Y J . ZUCKERBERG

$222

10.38%

3.0%

$196

10.38%

2.2%

.92%

16.01%

To donate to the UMassFoundation, go to

www.massachusetts.edu/giving


12/15

Statement of Net AssetsAs of June 30, 2009 and 2008(in thousands of dollars)

CurrentAssets

NoncurrentA

ssets

CurrentLiabilities

UniversityJune 30,

2008

UniversityJune 30,

2009

UniversityRelated

OrganizationsJune 30,

2009

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

$ 38,453

10,965

199,583

1,002

212,483

14,387

4,138

111

32,603

513,725

$ 33,091

14,086

199,532

1,357

160,820

13,833

15,546

1,535

21,794

461,594

$ 22

8,237

806

16

9,081

Cash and Cash Equivalents

Cash Held By State Treasurer

Cash and Securities Held By Trustees

Accounts, Grants and Loans ReceivablePledges 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

7,272

642,210

34,7491,854

420,234

13,209

1,919,915

3,039,443

$ 3,553,168

3,402

3,498

250,769

51

950

258,670

$ 267,751

$ 8,613

475,153

35,3292,028

513,392

12,824

2,068,485

3,115,824

$ 3,577,418

3,753

5,179

292,526

48

979

302,485

$ 310,829

$ 22

7,293

990

39

8,344

2009 CONSOLIDATED F INANCIAL INFORMATIONContaining financial information between the dates of July 1, 2008 and June 30, 2009

Presidents Report

UMASS FOUNDATION BOARD OF DIRECTORSThe University recognizes the following members of the UMass Foundation Board of

Directors, who served with distinction during Fiscal 2009 (July 1, 2008June 30, 2009)

OfficersJack M. Wilson, President *+

Edward H. DAlelio, 74, Secretary *

Roy J. Zuckerberg, 58, 99 H, Treasurer ^*

Katherine V. Smith, Executive Vice President and Chief Operating Officer,

University of Massachusetts Foundation

Public DirectorsRichard 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. DAlelio, 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 *

University-Affiliated Voting Directors/Ex-OfficioMichael 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 LowellJ. 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 ^*+

nvestment AdvisorVictor Livingstone , Morgan Stanley

^ Executive Committee members Investment Committee members

+ Governance and Audit Committee members

Board is reflected as of December 2009

Noncurrent

Liabilities

Accrued Liability for Compensated Absences

Accrued Liability for Workers Compensation

Arbitrage Rebate Payable

Bonds Payable

Capital Lease Obligations

Deferred Revenues and Credits


Other Liabilities

Total Noncurrent Liabilities

Total Liabilities

N

Invested in Capital Assets Net of Related Debt

Restricted Nonexpendable

Restricted Expendable

Unrestricted

Total Net Assets

$ 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

$ 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

$ 177

1,535

6,243

7,955

$ 266

111

8,886

9,263

23,593

10,416

544

1,210,220

22,870

23,668

26,782

3,301

1,321,394

$ 1,836,113

3,025

3,025

$ 10,980

21,707

11,274

519

1,257,734

34,177

13,556

27,383

418

1,366,768

$ 1,882,122

3,636

3,636

$ 12,899

$ 1,094,306

16,699

156,649

473,651

$ 1,741,305

$ 950

225,549

41,033

(10,761)

$ 256,771

$ 1,027,045

16,605

161,732

465,664

$ 1,671,046

$ 979

212,017

77,192

7,742

$ 297,930

UniversityRelated


2008

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 Amhersts

top-ranked softball team


13/15

Cash flows fromoperating activities

Cash flows fromnoncapital financingactivities

Cash flows fromcapital financingactivities

Cash flows frominvesting activities

Cash and cashequivalents

Reconciliation ofoperating loss tonet cash used byoperating activities

Supplementaldisclosure ofnoncash activities

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

$ 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)

($ 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)

($ 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)

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

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)

$ 28,090

(13,424)

(3,492)

(32,715)

$ 38,061

(7,560)

(10,649)

(45,745)

(167,957)

698,900

$ 530,943

180,888

518,012

$ 698,900

1,532,642

23,810

(1,674,343)

(117,891)

$ 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)

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

Statements of Revenues, Expenses,and Changes in Net AssetsFor the Years Ending June 30, 2009 and 2008(in thousands of dollars)

Re

Ex

Ne

Tuition and Fees(net of scholarship allowances of $126,779at 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

$ 458,439

318,288

72,034

2,507

99,342

20,657

231,306

65,588

363,041

57,618

1,688,820

$ 490,374

324,100

77,115

2,149

104,399

20,965

239,669

94,908

507,096

66,920

1,927,695

Educational and General

Instruction

Research

Public Service

Academic SupportStudent 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

548,850

342,109

68,807

130,29391,157

174,358

187,520

127,519

28,111

182,379

49,562

307,827

2,238,492

(549,672)

UniversityJune 30,

2008

UniversityJune 30,

2009

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

Assets acquired and included in accounts payable

Gain/(loss) on disposal of capital assets

Securities lending activity

Unrealized gains/(losses) on investments

UniversityJune 30,

2009

UniversityJune 30,

2008

UniversityRelated


2009

UniversityRelated


2008

540,479

358,659

67,989

125,60487,207

163,659

191,761

140,392

29,845

188,312

56,057

455,574

2,405,538

(477,843)

$ 13,443

20

544

14,007

(14,007)

$ 13,349

19

5,736

19,104

(19,104)

Nore(e

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

5,574

540,187

22,918

(9,284)

10,319

(55,252)

8,167

522,629

44,786

27,483

5,182

(8,553)

1,361

25,473

70,259

12,304

(11,189)

9,996

11,111

(7,993)

19,935

(928)

19,007

11,014

7,099

617,271

20,654

12,294

11,036

(45,846)

11,484

633,992

84,320

21,170

1,500

(10,462)

(10,458)

1,750

86,070

15,929

(50,324)

2,774

(31,621)

(45,628)

12,892

(16)

(8,407)

4,469

(41,159)

Net Assets at Beginning of Year

Net Assets at End of Year

1,671,046

$ 1,741,305

297,930

$ 256,771

1,584,976

$ 1,671,046

286,916

$ 297,930

Operating Loss

Adjustments to reconcile loss to net cash used by Operating Activities:

Depreciation and Amortization Expense

Changes in Assets and Liabilities:

Receivables, net

InventoriesDue to/from Related Organizations

Accounts Receivable/Payable UMass Memorial

Other Assets

Accounts Payable (non-capital)

Accrued Liabilities

Deferred Revenue


Other Liabilties

Net Cash Used for Operating ActvitiesThese statements are drawn from the Fiscal Year 2009 annual financial report for the University of Massachusetts,

which was audited by PricewaterhouseCoopers.

For the Universitys full financial report, please visit www.massachusetts.edu/controller/finrpt.html


14/15

UMass Amherst

27,016

UMass Medical School

1,091

State Support and UMass Revenues FY 2009UMass Economic Impact

UMass Dartmouth

9,302

EnrollmentFALL 2009

UMASS AT A GLANCE

MedicalAmherst Boston Dartmouth Lowell School Total

Undergraduate 20,873 11,041 7,982 10,548 NA 50,444(% Mass Residents) (80.7%) (91.3%) (95.7%) (86.0%) (NA) (86. 5%)

Graduate 6,143 3,871 1,320 3,054 1,091 15,479(% Mass Residents) (39.2%) (74.9%) (72.3%) (66.3%) (72.3%) (58.6%)

Total Students 27,016 14,912 9,302 13,602 1,091 65,923(% Mass Residents) (71.2%) (87.1%) (92.4%) (81.6%) (72.3%) (80.0%)

Total Faculty 1,492 964 588 714 1,143 4,901

Student and Faculty ProfileFALL 2009

Freshman Applications

Technology Commercialization

Invention Disclosures

Licenses CompletedLicense Revenue

Research & Development Expenditures

Amherst

Boston

Dartmouth

Lowell

Medical School

System

FALL 2009

48,564

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

UMass Lowell

13,602UMass Boston

14,912

Above

Dartmo

celebra

comme

Above

Boston

Studies

Paul At

Below:

perform

UMass

Theatre

StateInvestment

BillionsofDollars

4.5

4

3.5

3

2.5

2

1.5

1

0.5

0

$540M

Total UMassBudget

$2.5B

Total Impact ofUMass on the State

Total over $4B

UMass GeneratedOperating Revenue

78%

Net StateAppropriation

22%

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


15/15

Cert no. SW-COC-002508

A UMass Lowell gradua

enjoys the revelry at the

2009 commencement

Office of the PresidentUniversity of Massachusetts225 Franklin StreetBoston, Massachusetts 02110

617.287.7000

www.massachusetts.edu

PRINTING WITH

SOY INKS

2010 university of massachusetts president's report

Documents