The UMass Boston Alumni Association will announce plans to donate $1 million to the Dorchester university tonight at its annual retreat.
The gift attempts to ameliorate the effect of state budget cuts, which have resulted in a declining investment in Massachusetts’ public university system.
The news comes after university officials announced earlier this month that the school’s tuition and fees will increase by $826, or 7.5 percent in the next academic year, to help plug a $54 million budget gap, the result of declining state funds and the end of a $38 million federal stimulus funding program. In spite of the tuition hike, the UMass system still faces a $28 million budget gap.
More than $150,000 is going toward campus programs, and the association is also setting aside $500,000 for 50 percent matches in future grants, with the hope of drumming up an additional $1 million for the university.
An additional $300,000 will go toward student scholarship support, with the grant increasing incrementally each year. In 2009, the alumni association endowed $5,000 in scholarships. By 2016, the university estimates that will have increased to $42,000.
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