UMass Memorial Health Care (UMMHC) is an independent non-profit private foundation based in Worcester, Massachusetts. Established in 1998, UMMHC is committed to improving the health of the people of diverse communities of Central New England through culturally sensitive excellence in clinical care, service, teaching, and research. It provides leadership and innovation in health care delivery, education and research. The assets of the foundation are managed by the Board of Trustees.UMass Memorial Health Care's investment portfolio is valued at $617.03 million, with investments in equity, private equity and cash.