Overview
Michelle Celarier January 23, 2026 The $1.8 billion University of Massachusetts Foundation topped its much-bigger peers in the annual endowment league tables with a 15.9 percent gain in 2025.1
University of Massachusetts Foundation's endowment capital supports long-term institutional spending and mission continuity.1
Investment program
- Estimated AUM
- $1.8B as of Jun 30, 20252
- Capital pool
- university endowment1
- Investment model
- She also spearheaded a manager selection initiative, overseeing over $30 billion in manager searches, and lead Institutional Investor’s global data strategy.1
- Investment approach
- Last year, MSU had the best one-year performance, but it still ranked eighth in the long-term league tables.1
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- Public evidence references these asset classes or allocation areas: private equity, hedge funds, infrastructure, fixed income.1
- Performance
- Not listed yet
- Governance
- The Board of Trustees receives quarterly updates on its progress.3
- Investment team
- Jon Gibbons, its chief investment officer, joined the endowment in 2017.1
- Unfunded commitments
- Not listed yet
- Source freshness
- Last verified Jul 21, 2026 · Verified
Officer compensation
Reported on IRS Form 990, tax year 2025. Figures are as filed and include reportable compensation from the organization and related organizations plus other compensation. 16 additional officers reported no compensation.
| Name | Title | Total |
|---|---|---|
| JONATHAN GIBBONS | CHIEF INVESTMENT OFFICER | $1,777,237 |
| JAMES R JULIAN JR | CHIEF EXECUTIVE OFFICER | $1,173,502 |
| GEOFFREY BOWES | MANAGING DIRECTOR, INVESTMENT TEAM | $743,752 |
| BARRY MORRISON | CHIEF FINANCIAL OFFICER | $501,577 |
| PAUL DAWLEY | GENERAL COUNSEL | $451,898 |
| DEREK WADE | DIRECTOR OF INVESTMENT OPERATIONS | $407,835 |
| HSUNGWEN CHANG | DIRECTOR OF INVESTMENT (UNTIL 9/25) | $400,775 |
| KATHERINE D TARGETT | CHIEF DIGITAL INFORMATION OFFICER | $277,248 |
| QING WAN | CONTROLLER | $257,958 |
| WILLIAM K CHASE | SR. DIR. OF IT INFRASTRUCTER & SECURITY | $210,416 |
| THERESA CURRY | VP FOR DEV & CE (UNTIL 1/25) | $195,317 |
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- Website (institutionalinvestor.com)Parent organization overview, Pool purpose, Capital pool, Investment model, Investment approach, Asset allocation, Investment team, Investment office page · checked Jul 25, 2026
- Annual report (umassfoundation.org)Estimated AUM · checked Jul 25, 2026
- Annual report (massachusetts.edu)Governance · checked Jul 25, 2026
Reports and filings
- Existing profile AUM value with source URL https://www.umassfoundation.org/s/1355/images/editor_documents/umfdocuments/endowment_report/umf_endowment_report_fy2025_final__remediated_for_web_.pdf.Annual report · checked Jul 25, 2026
- The Board of Trustees receives quarterly updates on its progress.Annual report · checked Jul 25, 2026
Profile and job sources
- Website (institutionalinvestor.com)Website · checked Jul 25, 2026
- Website (globaleur242.dayforcehcm.com)Website · checked Jul 25, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026