Carvalho gives $100,000 to UMass-Boston fund

UMass Boston alumnus Jack Carvalho, who grew up in Cambridge and Somerville and is a managing director at Morgan Stanley, has made the largest gift ever for emergency student aid at the UMass Boston campus.

A 1992 graduate who lives with his family in Miami, Carvalho donated $100,000 to the Beacon Student Aid Fund.

"Jack Carvalho’s generosity knows no boundaries," Interim Chancellor Katherine Newman said in a statement on Thursday. "He steps forward without being asked. Jack understands how critical philanthropy is to the success of UMass Boston’s students."

The fund provides small grants to students who need help with paying rent or food and living expenses, a challenge affecting more students due to the COVID-19 pandemic.

"I am very proud to be a Beacon,” Carvalho said. "So many students are facing a challenging time. I hope that this gift will encourage an outpouring of support from my fellow alumni and friends of UMass Boston to contribute to this fund. We are all in this together; let’s help these kids out."