University Of Maryland Foundation Inc

Organization Overview

University Of Maryland Foundation Inc, operating under the name University System of Maryland Foundation Inc, is located in Adelphi, MD. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University System of Maryland Foundation Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University System of Maryland Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, University System of Maryland Foundation Inc generated $62.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $31.8m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, University System of Maryland Foundation Inc has awarded 58 individual grants totaling $63,847,981. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE UNIVERSITY SYSTEM OF MARYLAND FOUNDATION SUPPORTS PUBLIC HIGHER EDUCATION IN MARYLAND THROUGH PHILANTHROPY, ASSET MANAGEMENT, AND STEWARDSHIP.

Describe the Organization's Program Activity:

HIGHER EDUCATION: SUPPORT THE ACADEMIC PROGRAMS OF THE UNIVERSITY SYSTEM OF MARYLAND INSTITUTIONS THROUGH PAYMENTS FOR SALARIES AND BENEFITS, EQUIPMENT, SCHOLARSHIPS, CONFERENCES, WORKSHOPS, SERVICES, ACADEMIC MEMBERSHIPS, RESEARCH ACTIVITIES AND OTHER EXPENSES


EDUCATIONAL PROGRAMS: MAINTAIN THE WYE BLACK ANGUS HERD USED FOR RESEARCH BY THE UNIVERSITY OF MARYLAND-COLLEGE PARK SCHOOL OF AGRICULTURE


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Chatham Asset High Yield
Investment Manager
$4,028,517
Hamilton Lane
Investment Advisor
$2,444,829
Children's Fund
Investment Manager
$1,488,468
Baupost Partners
Investment Manager
$1,244,632
Gridiron Capital Fund
Investment Manager
$2,404,928
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$722,070
Fundraising events$157,885
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$36,739,740
Noncash contributions included in lines 1a–1f $695,370
Total Revenue from Contributions, Gifts, Grants & Similar$37,619,695
Total Program Service Revenue$525,469
Investment income $5,825,772
Tax Exempt Bond Proceeds $0
Royalties $5,910
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,854,153
Net Income from Fundraising Events $5,987
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $243
Miscellaneous Revenue$0
Total Revenue $62,167,598

Grants Awarded

Over the last fiscal year, University Of Maryland Foundation Inc has awarded $9,008,387 in support to 8 organizations.

Grant RecipientAmount

UMCP

PURPOSE: Program Services

$4,797,601

UMBC

PURPOSE: Program Services

$2,449,753

UMCES

PURPOSE: Program Services

$1,127,954

UMES

PURPOSE: Program Services

$222,970

INSTITUTE FOR ADVANCED STUDY

Org PageRecipient Profile

Princeton, NJ

PURPOSE: Program Services

$145,862

UNIVERSITY OF MARYLAND BALTIMORE

PURPOSE: Program Services

$142,894
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 37 grants that University Of Maryland Foundation Inc has recieved totaling $6,916,770.

Awarding OrganizationAmount
Sherman Family Foundation

Miami Beach, FL

PURPOSE: GENERAL OPERATIONS

$1,200,000
American Institute Of Physics Incorporated

College Park, MD

PURPOSE: SEE PART IV

$1,000,000
American Institute Of Physics Incorporated

College Park, MD

PURPOSE: SEE PART IV

$1,000,000
James S And Gail P Riepe Charitable Foundation

Wilmington, DE

PURPOSE: FREEMAN A. HRABOWSKI, III ENDOWMENT FOR STUDENT EXCELLENCE (SEE GENERAL EXPLANATION)

$993,775
Climateworks Foundation

San Francisco, CA

PURPOSE: PROJECT SUPPORT

$640,883
Greater Washington Community Foundation

Washington, DC

PURPOSE: GENERAL SUPPORT

$483,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$296,688,000
Earnings$75,824,000
Admin Expense$873,000
Net Contributions$34,761,000
Other Expense$9,546,000
Grants$9,071,000
Ending Balance$387,783,000

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