UMREF Bursary Update:
The U of M Retirees Endowment Fund ended 2016 on a very positive note – it more than doubled in amount. UMREF opened the year with a balance of $5,645 on April 1. 2016.
New donations to UMREF since then have added $6,440.51 for a 2016 year-end grand total of $12,085.51. This amount does not include MBSI matching funds, which will be added at a later date.