the university of massachusetts lowell
q OFFICE OF UNIVERSITY ADVANCEMENT Southwick Hall 250 One University Avenue Lowell, MA 01854
Annual Donor Endowment Repoî?‚
978-934-3689
q www.uml.edu/giving
A MeageFrom e Chanceor Thank you for your generous support of the University of Massachusetts Lowell. Gifts of endowment are personal and meaningful expressions of your commitment to the success of UMass Lowell students. When you established your endowment, your values and legacy became a permanent part of the University’s success and you ensured that your enthusiasm for learning extended to future generations of scholars. Now, more than ever, philanthropic support is critical to the University’s success. It is through endowment funds like yours that we are able to continue the good work of educating our students and providing faculty with crucial research and program support. While I am grateful, it is, of course, the students whom we are here to serve. Because of you, today’s students and those joining us for decades to come will receive a better education, have more opportunities for hands-on and global experiences, enjoy a more robust and varied campus life and have a greater chance of receiving a scholarship to help them stay in school. We are reminded daily of the significant impact your generosity is having on campus, and we are proud to work in partnership with you in this endeavor. Sincerely,
Martin T. Meehan ’78 Chancellor
Thank You for Suoing University of Massachusetts Lowell In the last four years, UMass Lowell has attained an 88 percent increase in overall fundraising for a total of $52.9 million in pledges and gifts. This has included several multimillion-dollar gifts, allowing the University to increase scholarships, construct new buildings on campus and advance educational and research programs that benefit the entire region. In 2012, a critical focus on building endowments to support student scholarships, academic programs and faculty development helped the University reach a milestone of over $54 million in endowment funds. Since 2006, the number of endowments has grown from 171 to 313, an 83 percent increase. This has resulted in an increase of $22.5 million in endowment funding. Furthermore, the University also has $6.5 million in future pledge commitments, which will boost the University endowment total close to $60 million over the next four years. During the 2011-2012 academic year, $900,000 in scholarships was awarded to 1,150 students. In the last five years, several key academic programs were enhanced and 11 faculty chairs, professorships and fellowships were funded by endowments. Endowments have been created by alumni, faculty and staff as well as friends of the University, many as named memorials or in honor of individuals or families. To establish an endowed fund, a donor commits a minimum of $25,000 through an outright gift or a multi-year pledge. For more information, call the Office of University Advancement at 978-934-3689.
“We are thankful to all who have made it possible for the University to continue to build our endowment. The support of alumni, faculty, staff and friends is vital to ensuring that our students have the opportunity to pursue a top-notch education.” —Edward Chiu, Vice Chancellor for University Advancement
1 ANNUAL DONOR ENDOWMENT REPORT
2
3
ENDOWED SCHOLARSHIPS AS OF FISCAL YEAR 2012 Pulichino/Tong Family Foundation, Inc. Business Endowed Scholarship Fund 2012
Socrates Lagios Memorial Endowed Scholarship 2004
Catherine J. McArdle ’35 Endowed Scholarship Fund 2006
Omnicron Pi Fraternity Endowed Scholarship Fund 2010
Jen Shinobu Lai Endowed Scholarship Fund 2010
Edward L. McCaffery Memorial Endowed Award 2008
Kathy O’Neil Women’s Basketball Endowed Scholarship Fund 2010
Mary C. Hall Scholarship 1984
Dr. Lanseigne-Case Scholarship 2003
Charles Dickens Endowed Scholarship 2006
Marguerite Myers Hartford Merit Scholarship 1998
Laska Family Endowed Scholarship 2000
McDonough Family Scholarship Endowment for Plastics Engineering Students 2003
Stephen Orroth Plastics Engineering Endowed Scholarship Fund 2010
Vidya Ratan Endowed Scholarship Fund 2012
Francis McKone Scholarship 2002
Class of 1958 Endowed Scholarship Fund 2008
James Alexander Dirko Scholarship 1993
William E. Haskell Scholarship 1985
LaTorre Family Scholarship Endowment Fund 2001
Patricia Dyer McPhail Endowed Scholarship Fund 2006
William and Elizabeth O’Shea Scholarship 2011
Raytheon Electrical Engineering Endowed Scholarship 2007 Ready Scholarship
Dr. Edward Lawson Alexander Scholarship Fund 1999
Class of 1959 Endowed Scholarship Fund 2010
Eamonn P. Hobbs Endowed Scholarship for Excellence 2006
William A. Laudani Endowed Scholarship Fund 2008
Joey Mead Endowed Scholarship Fund 2011
Rosemary Peirent Scholarship 1982
Richardson/Bedell Scholarship Fund 2000
Nettie Ginsburg Altshuler Memorial Scholarship Fund 1991
Class of 1961 Endowed Scholarship Fund 2011
Kay Doyle ’77, ’86 Endowed Scholarship Fund for Clinical Laboratory Sciences 2012
Dr. Susan Pasquale & Ron Boudreau Faculty Award 2008
Hodgdon Trust Scholarship 1971
Lawrence High School/UMass Pathways Initiative 2008
Medford High School Endowed Scholarship Fund 2006
William E. Peredina, Jr. Memorial Scholarship Fund 2000
Philip F. Riley ’86 Memorial Endowed Scholarship Fund 2011
Alumni General Scholarship Endowment Fund 2007
Class of 1962 Education Scholarship 2007
Russell V. LeClaire Endowed Scholarship Fund 2006
Alice and Martin T. Meehan Sr. Endowed Scholarship Fund 2008
Pernick Endowed Scholarship 1999
Rist Families Endowed Scholarship Fund 2011
Alumni Reunion Scholarship Endowment Fund 2000
Coldwell Banker CARES International Peace Scholarship 2002
Lefebvre Memorial Endowed Scholarship Fund 2001
Martin T. Meehan Chancellor’s Educational Excellence Fund 2008
Mark Levine Sound Recording Technology Endowed Scholarship 2007
Martin T. Meehan Chancellor’s Music Scholarship 2008
Ahmed Abdelal Endowed Fund for International Students 2012
Class of 1951 Lowell Textile Scholarship 2001
DeMallie Family Endowed Scholarship Fund 2008
Academic Engineer Endowed Scholarship 2002
Class of 1954 State Teacher’s College Endowment Fund 2006
Roland Derby Scholarship 1967
Acquarulo Family Endowed Scholarship Fund 2006
Class of 1956 Reunion Endowment 2007
Alan D. Desrochers ’72 Engineering Endowed Scholarship Fund 2012
Scott D. Adams ’90 Memorial Scholarship Fund 1990
Class of 1957 Endowed Scholarship Fund 2008
Mary Curtin Alden Endowment Fund 2004
Michael K. Anderson ’75 Scholarship 1979
C. Daniel Cole Scholarship 2007
Bruce Z. Arakelian Endowed Scholarship Fund 2008
College of Education Centennial Scholarship 2000
Ruth Ashley Memorial Music Scholarship Fund 2006
Computer Science 25th Anniversary Scholarship 2007
Jane Pankovich Austin Memorial Scholarship
Conlon-Drauch Family Scholarship 2002
Barnes and Noble Scholarship 1999
Cheney Cook Scholarship 1998
Margaret Holland Barrett Teaching Scholarship 1990
Dean Nina Coppens Endowed Scholarship Fund 2012
Richard Barrett Memorial Endowed Fund 2008
Jeffrey Cosiol ’67 International Merit Scholarship 2006
Barry Family Endowed Scholarship Fund 2011
Costello/Robertson Family Endowment Fund 2011
Eileen C. Bean, RN Memorial Scholarship Fund 2011
Roger Cressey ’87 Family Endowed Scholarship 2006
Boston Society of Civil Engineers/ASCE Bertram Berger Memorial Endowed Scholarship 2000
Crossing the Merrimack Endowed Scholarship Fund 2010
David J. Boutin Memorial Endowment Fund 2008 Charles Carroll Scholarship Endowment Fund 2008 Graduate School of Education Centennial Scholarship 2000 Savouen Chea Memorial Scholarship 2002 Chemical Engineering Scholarship Fund 2006 S.J. Chen Memorial Scholarship 1993 Choe Endowed Scholarship for Women 2008
Aldo Crugnola Plastics Engineering Endowed Scholarship Fund 2010 Shirley M. Cyronis Nursing Scholarship 1992 Jennifer D’Amour ’98 Memorial Scholarship Fund 2006 Dandaneau Family Endowed Scholarship Fund 2000 George Davis Endowment Fund 2011 Day Family Plastics Scholarship Endowment Fund 2006 Dean’s Scholarship for Continuing Studies Students Delta Kappa Phi Fraternity Endowment Fund 2011
Bryon Drigian Memorial Scholarship 2001 Stephen Burke Driscoll Plastics Engineering Endowed Scholarship Fund 2010 John W. Dunfey, Jr. Scholarship Fund 2001 E. Dewey and Rose A. Dyer Endowed Scholarship 2005 Eagle Scholarship for Women in Engineering 2002 Eastman Kodak Endowed Scholarship 2005 Russell W. Ehlers Scholarship 1989 Dr. Salem Zack Elias Memorial Scholarship Fund 2001 Maureen Donohue Fallon Memorial Endowment 2008 Richard Ferrante ’83 Undergraduate Research Endowment 2012 FitzPatrick Family Education Scholarship 2005 Ruth Walker Frank ’28 Endowed Scholarship Fund 2008 Freudenberg-NOK Scholarships 2007 May Futrell Scholarship Endowment for Graduate Nursing Students 2000 Don Gagnon Memorial Scholarship 2006 Gandolfo Family Endowed Scholarship Fund 1999 Paul Gayzagian Memorial Scholarship 2000 Dr. Patricia A. Goler Fellows Endowed Scholarship Fund 2011 Charles E. Goodell Endowed Scholarship Fund 2010
Doris Kearns Goodwin & Richard N. Goodwin Endowed Scholarship Fund 2010 Robert Griffin Memorial Scholarship 1998
Richard Hoeske Endowed Scholarship Fund 2006 Charles J. Hoff Scholarships 1991 Mary Frances Hogan ’26 Scholarship 2000 Robert Hogan Memorial Scholarship Fund 2006 William T. Hogan Endowed Scholarship Fund 2007 Honors Program Scholarship Endowment
Mark Levine Summer Symphonic Band Camp Endowed Scholarship 2007
Ashwin Mehta Endowed Scholarship Fund 2012 Moldex3D Plastics Engineering Endowed Scholarship Fund 2012
Barry W. Perry Plastics Engineering Scholarship 2009 Albert C. Peterson Endowed Scholarship 2004 Albert C. Peterson ’55 Baseball Scholarship Fund 2012 Physical Therapy Endowed Scholarship 2007
Moldflow Plastics Scholarship 2001
Pi Lambda Phi Fraternity Plastics Endowed Scholarship Fund 2010
Moloney Family Endowed Scholarship Fund 2008
Saro and Catherine Picciotto Endowed Scholarship Fund 2006
Russell Weeks Hook ’05 Scholarship 1966
Dr. Lawrence C. H. Lin ’89 Taiwan Students Endowed Scholarship Fund 2012
Thomas Huff ’49 Mechanical Engineering Endowed Scholarship Fund 2011
Ernest and Irene Liporto Plastics Engineering Endowed Scholarship Fund 2011
Gary and Sally Mucica Management Endowment 1996
Ann and Samuel Pinanski Scholarship
Gregg T. Hughes Memorial Scholarship 1996
Shalin Liu Award for Academic Excellence in Nursing
Murphy-Roberts-Murphy Memorial Scholarship 1999
PL ’80 Plastics Endowment 2011
Dean Richard W. Ivers Memorial Scholarship 2003
Lowell General Hospital Endowed Scholarship Fund 2012
A. Nahar Memorial Endowed Scholarship 2011
IWCS Endowed Scholarship Fund 2011
Lowell Sun Charities Scholarship 1963
New England Keyboard, Inc. Endowed Scholarship 2007
Michael Johnston Endowed Scholarship 2007
Robert S. Loya Memorial Scholarship 1998
Raymond O. Normandin Scholarship 1991
Saul and Gertrude Kaplan Trust Fund
Malloy-Grossman-Davis New Hampshire Engineering Endowed Scholarship Fund 2011
Northeast Association of Realtors Endowed Scholarship Fund 2001
William J. Kennedy Endowed Scholarship Fund 2008 Kennedy Family Merit Scholarship 2006 The Kennedy Family Field Hockey Endowment 2012 Kerouac Family Memorial Endowed Scholarship 2008 Bernard J. Killion Memorial Scholarship 1999 Leo F. King Scholarship 1997 Brian Kinney Memorial Scholarship 2002
College of Management 50th Anniversary Scholarship Endowed Fund 2009 Robert J. Manning School of Business Endowment Fund 2012 Robert and Donna Manning Endowed Management and Nursing Scholarships 2005 Mary, Joan and Nancy Endowed Scholarship for Courage and Compassion 2011 McAndrews Family Endowed Scholarship Fund for Nuclear Engineering 2011
Plastics Engineering Faculty Endowed Scholarship Fund 2005 Plastics Engineering 50th Anniversary Endowed Scholarship Fund 2005 Richard Pierro ’83 Chemical Engineering Endowed Scholarship Fund 2012
John Quinn Plastics Scholarship Endowment Fund 2001
Kenneth L. and Francis C. Rogers Memorial Scholarship 2005 Joan Katherine Rossi Memorial Scholarship 2002 Andy Routsis Endowed Scholarship Fund 2008 Michael T. and Mary Gene Ryan Endowed Scholarship Fund 2012 Mark and Elisia Saab Family Scholarship 2007 Saab Family Endowed Scholarship 2005 The St. Cyr Family Plastics Engineering Endowed Scholarship Fund 2012 Professor Dominick A. Sama Endowed Scholarship 2008 Allen Scattergood Awards in Chemistry 1995 Nick Schott Plastics Engineering Endowed Scholarship Fund 2010 Madonna J. Schromm Nursing Scholarship 1994
Ward Family Chemical Engineering Endowed Scholarship Fund 2005
William M. Segall Scholarship 1985
Powell Family Endowed Scholarship Program 1998
Vito and Vasiliki (Ziogas) Selvaggio Endowed Scholarship 2001
Margo Tsirigotis Oge ’72 Plastics Engineering Endowed Scholarship Fund 2012
Powers and Sullivan Endowed Fund 2008
Michael B. Shanahan Memorial Endowed Scholarship Fund 2010
Joseph A. Priestley, Sr. Scholarship 1997
Captain John Ogonowski Memorial Scholarship Fund 2005
Samuel Profio Memorial Endowed Scholarship Fund 2011
Professor Bernard and Yana Shapiro Endowed Scholarship Fund 2001
Daniel O’Leary Scholarship 2004
Charles Puliafico Endowed Scholarship 2007
Nypro, Inc. Plastics Engineering Endowed Scholarships 2007 O’Connor Family Endowed Scholarship Fund 2006
Louis A. Olney Book Prize Endowment Fund 2000
Jacqueline Puliafico Endowed Scholarship for Music and Nursing 2007
W. Hardie Shepard Memorial Endowed Prize 2001 Edwin C. Sherburne Memorial Scholarship 2007 Sigma Phi Omicron Fraternity Endowed Scholarship Fund 2010
4
Edward J. Snyder Jr. Endowed Scholarship 2005
UMass Lowell Faculty and Staff Endowed Scholarship 2001
Solomont Family Nursing Scholarship 1985
UMass Lowell Parents Association Endowed Scholarship 2001
Francis M. and Mary Jo Spinola Scholarship 2004
Unitas Scholarship 1996
5
SPECIALIZED ENDOWMENTS FY 2012: PROGRAMMATIC AND DISCRETIONARY FUNDS, FELLOWSHIPS, LECTURESHIPS AND PROFESSORSHIPS Ada and Stuart Mandell Endowment Fund 2007
James V. Dandeneau Endowed Professorship Fund 2008
Redstone Center for Performance Arts Endowment Fund 1988
Assistive Technology Endowment Fund (Zuckerberg) 1999
Joseph C. Day Chancellor's Fund for Institutional Priorities 2006
Regional Economic & Social Development Fund 1998
Assistive Technology General Endowment Fund 2001
Joseph Dorsey Endowment Fund 2003
August Merz Library Endowment Fund 1970
Lee Plastics Inc. Discretionary Endowment Fund 1998
Reverend Dana McLean Greeley Fellowship for Peace Studies 2007
Caturano & Company Endowed Fund 2007
Lucy Gregory Henderson Trust Fund for the Lowell Center Fellows Program 2011
Dean Janice M. Stecchi Scholarship 2004
United Parcel Service College of Management Scholarship Fund 2005
Charlie Steele Memorial Scholarship 2003
Krishna and Aruna Vedula Scholarship 2004
Dr. Elin J. Stene Scholarship Endowment Fund 1996
Visteon Plastics Scholarship Endowment 2006
Sterilite Endowed Plastics Scholarship Fund 1989
David H. and Peggy Wegman Endowed Scholarship Fund 2006
Alexander Stewart Scholarship 1994
Loddy Weisberg ’53 Memorial Endowed Scholarship Fund 2011
Manning School of Business Advisory Board Dean's Discretionary Endowment Fund 2006
Steven R. Williams Graduate Award 1994
Comley-Lane Theatre Endowment Fund 2007
Zaher-Lacouture Family Memorial Scholarship Fund 1996
Computer Science Discretionary Endowment Fund 1997
Alexandria Zamanakos Endowed Memorial Scholarship Fund 2011
Computing Machinery Student Chapter Fund 2002
Arthur S. Zamanakos Endowed Scholarship 2004
Dr. Gertrude Barker Memorial Endowment Fund 2008
Alice Fleury Zamanakos Endowed Scholarship Fund for Teaching 2012
Endowed Robert J. Manning Alumni Speaker Series 2009
Roy Zuckerberg Scholarship Award for Meritorious Academic Achievement 2010
Eric J. Helliwell '88 Endowment Fund 2007
Jim Stone Scholarship Endowment Fund 2000 UMass Lowell String Project Endowed Scholarship Fund 2011 Student Affairs Endowment Fund 2012 Endowed Scholarship for Students from India 2007 G. Douglas and Mary Sullivan Endowed Scholarship Fund 2010 Randall Swartz Memorial Scholarship Endowment Fund 2001 Amad and Alexa Tayebi Plastics Engineering Endowed Scholarship Fund 2010
Christopher and Deborah Finch Endowed Fund 2008
Technical Training Foundation Endowed Scholarship 2006 Ye-Yung Teng Memorial Scholarship Fund 2000 Henry E. Thomas Memorial Scholarship 2002 Gerard J. Tremblay Jr. Memorial Scholarship Fund 2001
“THE FITZPATRICK FAMILY ENDOWED
Trinity EMS Endowed Scholarship Fund 2012
SCHOLARSHIP IS NOT ABOUT ME.
Paul E. Tsongas and the Graduate Student Association Memorial Scholarship 1997 UMass Lowell Scholars Fund 2010
UMa Lowe now and in e futu
IT IS ABOUT
. I had a
wonderful career and I want others to have the same opportunity.” — Linda FitzPatrick ’68
M. Virginia Biggy Lectures Endowed Fund 2008 Maria Nousias Zamanakos, Alexandria Zamanakos and Alice Fleury Zamanakos Endowed Lectureship 2012 Mark & Elisia Saab Endowed Professorship Fund 2008 Martin J. Schedlbauer Computer Science Endowment 2001 Mary Bacigalupo Educational Endowment 2006 Mary Jo Leahey Summer Band Camp Endowment 1999
Richard Hentz Educational Leadership Endowment 2007 Robert and Gail Ward Endowed Professorship in Biomedical Materials Development Fund 2012 Robert J. Manning School of Business Endowment Fund 2012 Roy J. Zuckerberg Endowed Leadership Chair 2002 Rudolph Deanin Plastics Laboratories Endowment 2010 Ruffalo Cody Discretionary Endowment Fund 2007 Shulman Fund for Excellence in Computer Science 2000 Spinola Endowed Fund for the University Gallery 2007
Mitchell Kertzman Endowed Discretionary Fund 2006
Stephen McCarthy Medical Device Design Competition Endowment 2010
Everett V. Olsen Provost's Discretionary Endowment Fund 1999
Myron Freeman Library Operational Endowment 1955
Sukant K. Tripathy Memorial Endowed Fellowship Fund 2002
Nancy Donahue Endowed Professorship in the Arts 1997
Therese Paquin Adams Educational Endowment Fund 1999
F. Bradford Morse Endowment Fund 1994
O'Connor Dean's Discretionary Fund 2007
Tsongas Industrial History Center Endowment 2008
Foley-Raytheon Engineering Workforce 2008
P.M. Raj Fund for Excellence in Computer Science 2001
Francis and David Pernick Nanotechnology Professorship 2010
Pepsi General University Discretionary Endowment Fund 2007
U. S. Bank - Continuing Studies and Corporate Education - Dean's Discretionary Endowment Fund 2006
Francis College of Engineering Dean's Discretionary Endowment Fund 1997 Francis L. McKone Chancellor's Discretionary Endowment Fund 2008 General Quasi Endowment 2008 Howard P. Foley Endowed Professorship 2001 Indochinese Refugee Foundation Endowment Fund 2002 Israel & Matilda Goldberg Family Endowment 2005 Jack and Stella Kerouac Center for American Studies Endowment Fund 2006
Pernick Chancellor's Endowed Discretionary Fund 2007 Pernick Graduate Student Exchange Endowment 2007 Pernick Plastics Endowed Discretionary Fund 2007 Peter S. O'Connell Tsongas Center Educational Endowment Fund 2007 Phi Psi Gamma Discretionary Endowment Fund 1976 Pinanski Athletic Discretionary Endowment Fund 1965 Puliafico Family Chancellor's Fund For Institutional Priorities 2004
U. S. Bank - Division of Humanities and Fine Arts - Dean's Discretionary Endowment Fund 2006 U. S. Bank - Graduate School of Education - Dean's Discretionary Endowment Fund 2006 U. S. Bank - School of Health & Environment - Dean's Discretionary Endowment Fund 2006 U.S. Bank - Division of Sciences Dean's Discretionary Endowment Fund 2006 U.S. Bank - University Discretionary Endowment Fund 2007
Wong Research Fund 1999 Ziagos Family Endowment Fund 2004
6
7
UMass Lowell Annual Endowment Account Growth
UMass Lowell Individual Endowment Accounts FY 2012 New Endowments Created in FY 12: 23
Endowment Value 350
325
300
275
FY12
$54.6 million
New Endowment Accounts Created
FY11
$49.5 million
Total Endowment Accounts
FY10
$41.2 million
FY09
$34.1 million
FY08
$37.7 million
FY07
$33.7 million
FY06
$29.1 million
9%
5% 12%
6% 313
5%
292
2% 269
12%
6%
248
250 243
1%
225
9%
210
5%
200 171
175
28%
150
Percentage of UMass Lowell Endowment Accounts as of June 30, 2012
125
Athletics Department College of Fine Arts, Humanities and Social Sciences
100
College of Sciences Continuing Studies and Corporate Education Executive Offices (Provost and Chancellor)
75
Francis College of Engineering 50
39 32
Graduate School of Education Manning School of Business
33
25
22
20
23
Multi-College Scholarships Office of Advancement School of Health and Environment
5 0
Student and Academic Affairs 2006
2007
2008
2009
2010
2011
2012
8
UMass Foundation Endowment Performance: FY 2012 The portfolio has earned an average investment return of 9.12 percent over the past three years. Concerns over governments’ inability to cope with debt problems, the European banking crisis and slowing economic growth around the world continue to create instability and market volatility. The Investment Committee employs a long-term asset allocation model that provides diversification across asset classes. We are confident that their efforts to achieve a well-constructed risk adjusted portfolio will guide us through this period of uncertainty. The market value of the pooled endowment fund stands at $565 million at June 30, 2012. The asset allocation breakdown of the portfolio at June 30, 2012, is shown below:
12.2%
International Equities
29.9%
Fixed Income
23.7%
Domestic Equities
4.2%
Cash Equivalents
30.0%
Alternative Investments