University Of Maryland Foundation Inc
- Assets
- $1.6b
- Revenue
- $61.9m
- Investments
- $1.2b
- Employees
- 38
- Location
- Adelphi, MD
- Founding
- 09/1978
- Data as of
- 06/2020
- EIN
- 52-1125663
University Of Maryland Foundation Inc 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 06/2020, University System of Maryland Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, University System of Maryland Foundation Inc generated $61.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $34.2m during the year ending 06/2020. While expenses have increased by 1.6% per year over the past 5 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 40 individual grants totaling $44,835,365. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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
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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University Of Maryland Foundation Inc Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Gallo Chief Investment Officer | Officer | 50 | $1,184,967 |
Leonard R Raley Chief Executive Officer | Officer | 40 | $396,839 |
Sharcus Steen Director Of Investments | 45 | $334,904 | |
Tom Gilbert Chief Financial Officer | Officer | 40 | $295,289 |
Chris Ingram Senior Sustainability & Public Markets Analyst | 40 | $223,081 | |
Roy Hossler Director Of Business Operations | 40 | $151,106 |
University Of Maryland Foundation Inc Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamilton Lane Investment Advisor | 6/29/20 | $2,073,533 |
Chatham Asset High Yield Investment Manager | 6/29/20 | $2,086,132 |
Jbg Investment Manager | 6/29/20 | $2,021,982 |
Global Infrastructure Investment Manager | 6/29/20 | $1,066,099 |
Advent International Investment Manager | 6/29/20 | $1,021,271 |
Hamilton Lane Investment Advisor | 6/29/20 | $2,073,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $558,574 |
| Fundraising events | $223,285 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,620,281 |
| Noncash contributions included in lines 1a–1f | $2,210,761 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,402,140 |
| Total Program Service Revenue | $838,894 |
| Investment income | $5,088,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,397 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,722,378 |
| Net Income from Fundraising Events | -$202,673 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $50,013 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,891,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,084,022 |
| Grants and other assistance to domestic individuals. | $7,722,144 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,025,114 |
| Compensation of current officers, directors, key employees. | $2,025,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,479,561 |
| Pension plan accruals and contributions | $236,763 |
| Other employee benefits | $286,659 |
| Payroll taxes | $323,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,335 |
| Fees for services: Accounting | $214,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $436,431 |
| Fees for services: Investment Management | $95,167 |
| Fees for services: Other | $2,443,796 |
| Advertising and promotion | $31,235 |
| Office expenses | $278,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $225,381 |
| Travel | $570,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,143,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,879 |
| Insurance | $126,154 |
| All other expenses | $1,032,587 |
| Total functional expenses | $34,178,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,345,221 |
| Accounts receivable, net | $479,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,858 |
| Net Land, buildings, and equipment | $13,646,950 |
| Investments—publicly traded securities | $369,247,558 |
| Investments—other securities | $1,249,425,762 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,471,314 |
| Total assets | $1,643,859,648 |
| Accounts payable and accrued expenses | $5,375,680 |
| Grants payable | $0 |
| Deferred revenue | $1,239,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,257,556,142 |
| Total liabilities | $1,264,171,322 |
| Net assets without donor restrictions | $58,896,313 |
| Net assets with donor restrictions | $320,792,013 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,643,859,648 |
University Of Maryland Foundation Inc Grants Awarded
Over the last fiscal year, University Of Maryland Foundation Inc has awarded $20,008,458 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UMCP PURPOSE: Program Services | $5,855,811 |
UMCP PURPOSE: Program Services | $5,855,811 |
UMBC PURPOSE: Program Services | $2,144,682 |
UMBC PURPOSE: Program Services | $2,144,682 |
UMCES PURPOSE: Program Services | $1,037,125 |
UMCES PURPOSE: Program Services | $1,037,125 |
University Of Maryland Foundation Inc Grants Recieved
Over the last fiscal year, we have identified 11 grants that University Of Maryland Foundation Inc has recieved totaling $383,488.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $78,877 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: Designated and or granted in support of agency programs | $69,574 |
Usher 1f Collaborative Inc Newtonvile, MA PURPOSE: USHER 1F PROJECT | $50,000 |
Burton G Bettingen Corporation Los Angeles, CA PURPOSE: WELFARE REFORM ACADEMY | $50,000 |
Usher 1f Collaborative Inc Newtonvile, MA PURPOSE: USHER 1F PROJECT | $50,000 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $31,250 |
Endowment Analysis
| Beg. Balance | $282,372,000 |
| Earnings | $748,000 |
| Admin Expense | $12,000 |
| Net Contributions | $23,085,000 |
| Other Expense | $1,455,000 |
| Grants | $8,050,000 |
| Ending Balance | $296,688,000 |
University Of Maryland Foundation Inc Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
West Virginia Univ Foundation Inc Morgantown, WV | $1,952,164,791 | $155,430,683 |
University Of Virginia Darden School Foundation Charlottesville, VA | $510,801,836 | $75,634,091 |
Old Dominion University Research Foundation Norfolk, VA | $32,063,990 | $50,172,760 |
William & Mary Foundation Williamsburg, VA | $868,886,184 | $88,636,871 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $229,193,892 | $29,582,159 |
University Of Virginia Law School Foundation Charlottesville, VA | $566,331,429 | $55,561,636 |
University Of Virginia Foundation Charlottesville, VA | $458,537,727 | $30,765,044 |
University Of Maryland Foundation Inc Adelphi, MD | $1,643,859,648 | $61,891,724 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
Communities In Schools Inc Alexandria, VA | $72,086,035 | $15,932,429 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $351,577,637 | $45,303,605 |
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