An Act relative to the endowment match program

This bill allocates $30 million annually to continue Massachusetts' endowment match program, which encourages public colleges and universities to raise private funds for endowments and capital projects. The funds are specifically distributed as $10 million each to the University of Massachusetts, state universities, and community colleges. Unused funds from community colleges are reallocated to state universities, and unused state university funds are reallocated to the University of Massachusetts. The program requires the Board of Higher Education to ensure all institutions have an opportunity to secure matching funds under this allocation.