Jack Wilson Presidential Scholarship Fund Agreement
A planned giving scholarship with more than $2.1 million (in 2011) targeted to help deserving students at the University of Massachusetts
Jack M. Wilson, Ph.D., email id: jwilson address: umassp . edu
President Emeritus The University of Massachusetts and
Dr. Jack Wilson served as the 25th President of the University of Massachusetts system, from September 2, 2003 to June 30, 2011 and is now President Emeritus and University Distinguished Professor of Higher Education, Emerging Technologies, and Innovation. <story>
Dr. Wilson established the Jack M. Wilson Presidential Scholarship Fund with a gift of an Insurance Policy worth $1,775,000 -funded with performance bonuses that he was to have received under his contracts over the years. To that was added $230,000 from a dinner honoring his retirement as President and another $120,000 raised during his inauguration. The total value of the Scholarship fund at his retirement as President in July 2011 was over $2.1 million.
-Boston Business Journal: UMass Prez Wilson chips in for $2.1M scholarship fund in his own name
-Mass Live: UMass President Helps Establish Scholarship
-University of Massachusetts: News Release June 2, 2011.
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ENDOWMENT FUND AGREEMENT
THE UNIVERSITY OF MASSACHUSETTS OFFICE OF THE PRESIDENT
THE JACK M. WILSON PRESIDENTIAL SCHOLARSHIP FUND
the University of Massachusetts, Office of the President, 225 Franklin St., Boston, MA 02110 (the “University”), and the University of Massachusetts Foundation, Inc., ( the “Foundation”) 225 Franklin St., Boston, MA 02110, a Massachusetts charitable corporation.
II. Funding and Financial Administration of the Endowment
III. Management and Investment of Funds
VI. Governing Law: Jurisdiction
Jack M. Wilson Date
The University of Massachusetts
The University of Massachusetts Foundation, Inc.:
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