Please do not leave this page until complete. This can take a few moments.
The University of Massachusetts announced Wednesday it received $50 million from Robert and Donna Manning, marking the largest gift in the university system’s history.
The gift will go toward increasing diversity in the healthcare field and improving accessibility to the five-campus university, per the announcement.
The first $15 million of the endowment has been allotted to UMass Boston, but distributions to the UMass Medical School in Worcester, along with the UMass campuses in Lowell, Dartmouth, and Amherst will be announced in the coming months, according to the university’s press release.
UMass Boston’s allotment will support its nursing program’s student diversity and training in equitable patient care.
The $50-million gift from the Mannings is an up-front, cash gift and the largest-ever commitment received by the university.
Robert and Donna Manning both attended UMass Lowell and have already committed more than $11 million to that school.
Donna Manning's 35-year career as an oncology nurse at Boston Medical Center inspired the decision to make the first distribution from the gift.
Robert Manning began work as a research analyst at MFS Investment Management in Boston after graduating from the Lowell campus in 1984 with a degree in information systems management. He rose to become president and CEO at MFS, which has grown to manage more than $670 billion in assets annually. He plans to retire this year.
State House News Service contributed reporting to this article.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments