University Of Maryland Foundation Inc
- Assets
- $2.1b
- Revenue
- $62.2m
- Investments
- $1.7b
- Employees
- 35
- Location
- Adelphi, MD
- Founding
- 09/1978
- Data as of
- 06/2021
- EIN
- 52-1125663
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.
Form
990T
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Gallo Chief Investment Officer | Officer | 50 | $1,166,179 |
Leonard R Raley Chief Executive Officer | Officer | 40 | $636,823 |
Sharcus Steen Director Of Investments | 45 | $442,527 | |
Tom Gilbert Chief Financial Officer | Officer | 40 | $278,077 |
Chris Ingram Senior Sustainability & Public Markets Analyst | 40 | $240,233 | |
Chad Mitchell Senior Investment Analyst | 40 | $183,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamilton Lane Investment Advisor | 6/29/21 | $2,444,829 |
Gridiron Capital Fund Investment Manager | 6/29/21 | $2,404,928 |
Chatham Asset High Yield Investment Manager | 6/29/21 | $4,028,517 |
Children's Fund Investment Manager | 6/29/21 | $1,488,468 |
Baupost Partners Investment Manager | 6/29/21 | $1,244,632 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,008,387 |
| Grants and other assistance to domestic individuals. | $8,117,201 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,108,227 |
| Compensation of current officers, directors, key employees. | $2,108,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,764,167 |
| Pension plan accruals and contributions | $252,033 |
| Other employee benefits | $263,656 |
| Payroll taxes | $325,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,505 |
| Fees for services: Accounting | $155,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $236,108 |
| Fees for services: Investment Management | $79,538 |
| Fees for services: Other | $3,005,620 |
| Advertising and promotion | $6,312 |
| Office expenses | $329,401 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $221,676 |
| Travel | $47,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $929,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,580 |
| Insurance | $171,636 |
| All other expenses | $394,603 |
| Total functional expenses | $31,770,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,520,697 |
| Accounts receivable, net | $172,411 |
| 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 | $127,625 |
| Net Land, buildings, and equipment | $12,304,390 |
| Investments—publicly traded securities | $406,856,669 |
| Investments—other securities | $1,683,391,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,454,056 |
| Total assets | $2,110,990,979 |
| Accounts payable and accrued expenses | $3,435,391 |
| Grants payable | $0 |
| Deferred revenue | $1,335,546 |
| 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 | $1,630,952,121 |
| Total liabilities | $1,635,723,058 |
| Net assets without donor restrictions | $86,441,542 |
| Net assets with donor restrictions | $388,826,379 |
| 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 | $2,110,990,979 |
Grants Awarded
Over the last fiscal year, University Of Maryland Foundation Inc has awarded $9,008,387 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
Princeton, NJ PURPOSE: Program Services | $145,862 |
UNIVERSITY OF MARYLAND BALTIMORE PURPOSE: Program Services | $142,894 |
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 Organization | Amount |
|---|---|
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 |
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 |
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 Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Communities In Schools Inc Alexandria, VA | $73,470,009 | $25,993,702 |