University of Maryland Foundation Inc.
University of Maryland Foundation Inc.
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About this organization
Mission
The University of Maryland Foundation, Inc. supports public higher education in Maryland through philanthropy, asset management and stewardship. The Foundation supports the University System of Maryland's (USM) ability to broaden access to high-quality higher education, meet the workforce needs of the state and the nation, and conduct research that expands the boundaries of knowledge. The USM Foundation provides campaign and strategic fundraising leadership support and professional development opportunities to our institutions, centers, and their affiliated foundations. The Foundation's $1.45 billion in managed assets support student scholarships, endowed faculty chairs, university research, and academic programs. Along with asset management, the Foundation administers grants, gifts, and payroll services. The services the Foundation provides contribute to the growth of a long-term sustainable culture of philanthropy across the USM.
About
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
Interesting data from their 2019 990 filing
The filing sets forth the mission of the non-profit as “The university system of maryland foundation, inc supports public higher education in maryland through philanthropy, asset management, and stewardship.”.
When detailing its responsibilities, they were listed as: “The university of maryland foundation, inc. supports public higher education in maryland through philanthropy, asset management and stewardship. the foundation supports the university system of maryland's (usm) ability to broaden access to high-quality higher education, meet the workforce needs of the state and the nation, and conduct research that expands the boundaries of knowledge. the usm foundation provides campaign and strategic fundraising leadership support and professional development opportunities to our institutions, centers, and their affiliated foundations. the foundation's $1.45 billion in managed assets support student scholarships, endowed faculty chairs, university research, and academic programs. along with asset management, the foundation administers grants, gifts, and payroll services. the services the foundation provides contribute to the growth of a long-term sustainable culture of philanthropy across the usm.”.
- The state in which the non-profit is legally permitted to operate is MD.
- The address of the non-profit for 2019 according to the filing is 3300 Metzerott Rd, Adelphi, MD, 20783.
- The number of employees reported by the non-profit on their form as of 2019 is 74.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $14,940,183.
- The organization has 46 independent voting members.
- The organization was formed in 1979.
- The organization pays $4,293,851 in salary, compensation, and benefits to its employees.
- The organization pays $2,196,175 in fundraising expenses.