An Act relative to the endowment match program

This bill allocates $30 million annually to continue Massachusetts' endowment match program for public higher education. It directly affects the University of Massachusetts, state universities, and community colleges by mandating specific funding splits: $10 million each for UMass, state universities, and community colleges. Unused funds from community colleges automatically transfer to state universities, and unused state university funds transfer to UMass. The program requires the Board of Higher Education to ensure all institutions can access matching funds, aiming to boost private fundraising for endowments and capital projects. The bill removes appropriation limitations, guaranteeing the full $30 million is spent on this purpose.