In his first year of presidency, the University's enrollment reached a record 73,744 students, and research expenditures had risen to a high of $629 million. UMass increased its own funding of financial aid by nearly $20 million during Meehan's first year, with spending rising from $236 million to a record $255 million, the highest ever. Additionally, the UMass Foundation, in part based on Meehan's recommendation, voted to divest direct investments in fossil fuels from the university's endowment, making it the first major public university in the nation to take such action.