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The Salem State University Foundation, Inc.
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Michael Procopio ’12, of Saugus, was recently appointed to the Salem State University Foundation, Inc. Board of Directors. As the CEO of the Procopio Companies, a construction, development and management company based in Lynnfield, Procopio brings almost 20 years of professional experience in strategic planning and investment management to the board of directors.
“As an alumnus of Salem State, it’s an honor to have the opportunity to leverage my specific financial and leadership skillset in service to the foundation,” Procopio said. “I’m looking forward to helping Salem State advance their mission of affordable education to the diverse community of learners that the university serves.”
Procopio joined the Procopio Companies in 2003 and is responsible for strategic planning, growth, corporate leadership, new business development, and operations of the firm. Since joining the company, Procopio led the development of more than $900 million in residential and commercial projects, as well as driving the company's 17x growth in the last decade. In 2019, he was selected as one of two national finalists for the National Association of Home Builders Multifamily Pillars of the Industry One-to-Watch Award.
“I’ve gained incredible real-world experience through my internship at the Procopio Companies—from conducting market research to community outreach and event planning,” said Salem State student, Jobeth Williams ’22. “Michael has created a welcoming environment where I am a valued member of the team”.
Procopio’s professional experience will be put to good use on the foundation’s investment committee, which assists the board of directors in overseeing the foundation’s $42 million investment portfolio. The Salem State University Foundation, Inc. is a 501(c)(3) not-for-profit organization that engages the community, inspires philanthropy and stewards resources to invest in student success. Its 23-member board of directors includes alumni and community leaders.
In partnership with Salem State University, the foundation engages its community, inspires philanthropy and stewards resources to invest in student success.
“Michael brings a wealth of knowledge, connections and tremendous energy to his leadership work at the Salem State University Foundation,” said Cheryl Crounse, executive director of the Salem State University Foundation. “His knowledge of private equity and real estate development will serve the Foundation and its endowment well as we seek to grow the impact we have on the university’s mission, and we are honored that he has chosen to partner with us.”