UMass Becomes First Major Public University to Divest from Direct Fossil Fuel Holdings

UMass Becomes First Major Public University to Divest from Direct Fossil Fuel Holdings l UMass Amherst

contact Robert P. Connolly, May 25, 2016

BOSTON – The University of Massachusetts today became the first major public university to divest its endowment from direct holdings in fossil fuels. The decision was made by a unanimous vote of the Board of Directors of the UMass Foundation, a separate not-for-profit corporation that oversees an endowment whose value was $770 million at the end of the last fiscal year.