Worcester Business Journal

6 Worcester Business Journal | September 13, 2021 | wbjournal.com C E N T R A L M AS S I N B R I E F V E R BAT I M Brewing, our way "We're going to make the beer we want to make." Christian McMahan, former president of Wachusett Brewing Co. of Westminster, discussing the forthcoming Double Down Brewing Co. of Worcester, which he is opening with Tom Oliveri, co-founder of Wormtown Brewery in Worcester Teaming up "We serve the community, and our communities are not defined by rigid boundaries; they blend into one another." Quinsigamond Community College President Luis Pedraja, announcing a new student transfer agreement between QCC and Mount Wachusett Community College in Gardner Climate action "There's a lot of work left to do here." Gov. Charlie Baker, discussing his proposal for using a portion of Massachusetts' American Rescue Plan Act allocation on climate and environmental issues U Mass Medical School in Worcester will receive a $175-million donation over the next five years from e Morningside Foundation, significantly growing the medical school's endowment and prompting a name change, aer the donors, according to a Sept. 7 press release. UMass Medical School will be renamed the UMass Chan Medical School in recognition of e Morningside Foundation's founders, the Chan family of Hong Kong, who launched the venture capital and private equity firm in 1986, per its website. UMass Medical's three graduate schools will be renamed the T.H. Chan School of Medicine, aer the late patriarch of the family, the Tan Chingfen Graduate School of Nursing, aer the family's matriarch, and the Morningside Graduate School of Biomedical Sciences. e gi is unrestricted, according to the school's announcement, meaning UMass can do what it wants with the money. e medical school endowment is currently $200 million, and the Morningside Foundation gi will add $35 million annually for five years, said UMass Medical School spokeswoman Sarah Wiley. e Morningside Foundation, which has offices in Boston, donated $350 million to the Harvard Medical School in 2014, also prompting a name change at one of its schools, the Harvard T.H. Chan School of Public Health, according to a report in the Harvard Gazette. UMass Medical School to change name after $175M gift BY KATHERINE HAMILTON Worcester Business Journal Staff Writer Second major gift A week before the medical school announcement, the entire UMass system announced on Sept. 1 it received $50 million from Robert and Donna Manning, marking at-the-time the largest gi in the university system's history. e gi will go toward increasing diversity in the healthcare field and improving accessibility to the five-campus university, per the announcement. e 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. e $50-million gi from the Mannings is an up-front, cash gi. 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 gi. Robert Manning began work as a research analyst at MFS Investment Management in Boston aer 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. W UMass Medical School in Worcester PHOTO/GRANT WELKER

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