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| Volume 4, Number 7 | Holiday Edition 2010 | |
Dear Friends and Colleagues: As we move into the holiday season, many of you are celebrating with family and friends. I hope you are enjoying this time of year, which makes us think of what matters most in life: our relationships.
Strong relationships are just as important in our working lives. No month is busier than December in the life of an advancement professional: There are thank you letters and acknowledgements to write, gifts to receive and record, and goals to meet as we approach the end of the year. The success we see at year end is the consequence of months and years of building strong relationships. I'd like to acknowledge and thank all the advancement professionals across the University System, as well as those who support them, for the hard work they do to keep our alumni and donors engaged. Their work is vital to the System's success.
The year ahead will bring many opportunities and challenges. This month, the USM Board of Regents approved a new ten-year strategic plan that will guide our institutions as we chart new territory. Our Board members were able to hear a preview of the plan at last month's Board meeting and look forward to working in support of its goals.
This was a special Board meeting as we bid farewell to Walter Fatzinger as chairman and welcomed Barry Gossett into that role. As you recall, Walter served an extra term as chair to provide stability of leadership during the turbulence we experienced in the financial markets. We are very grateful for his service.
In addition, we welcomed three new Board members: William Couper, President of Bank of America, Mid Atlantic Region; H. Christopher Goodrich, Vice President for National Security Agency (NSA) Programs at Mantech in its Mission, Cyber and Technology Solutions group; and C. Emerson Small, Senior Vice President, Investments at Wachovia Securities. Robert A. Bedingfield, Walter R. Fatzinger, Marian Hwang, Sander Mednick and Sam A. Zappas were appointed Honorary Directors for life.
Let me conclude by wishing you all a joyous holiday season filled with happy celebrations and warm memories! As always, please contact me at raley@usmd.edu with any questions or comments. Sincerely,
Leonard R. Raley
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| Investment Performance through October 31, 2010 | |
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|
Endowment |
S&P 500 |
Composite Benchmark |
80/20 |
60/40 | |
Latest Month |
2.9% |
3.8% |
2.7% |
3.1% |
2.4% | |
Fiscal 2011 |
7.9% |
15.5% |
5.9% |
13.0% |
10.4% | |
Calendar YTD |
11.7% |
7.8% |
3.8% |
8.3% |
8.5% | |
3 Yr AACR |
-3.6% |
-6.5% |
-9.6% |
-3.4% |
-0.5% | |
5 Yr AACR |
4.1% |
1.7% |
0.7% |
3.0% |
4.1% |
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| Campaign Progress | |
| |
Institution |
Announced |
Goal |
10/31/10 | |
Bowie |
11/08 |
$15M |
$7.4M | |
Coppin |
10/07 |
$15M |
$5.5M | |
Frostburg |
10/08 |
$15M |
$14.0M | |
Salisbury |
6/06 |
$35M |
$36.2M | |
Towson |
11/06 |
$50M |
$46.0M | |
UB |
3/09 |
$40M |
$37.8M | |
UMB |
10/07 |
$650M |
$422.9M | |
UMBC |
9/06 |
$100M |
$108.8M | |
UMCES |
11/07 |
$8M |
$5.8M | |
UMCP |
10/06 |
$1B |
$765.3M | |
UMES |
9/06 |
$14M |
$13.0M | |
UMUC |
2/08 |
$26M |
$21.8M | |
USM Federated |
- |
$1.7B |
$1.51B |
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| This Month's Board Member Profile | |
 Joseph V. Bowen, Jr.Senior Vice President for Operations
McKissack & McKissack
Joseph V. Bowen is Senior Vice President for Operations at McKissack & McKissack, a full-service architecture, environmental engineering, and program management firm founded in 1990. Mr. Bowen has over 30 years of experience managing complex administrative functions, including finance and accounting, budgeting, facilities management, human resource management, capital projects, contract development and negotiation, real estate, and strategic planning.
Prior to joining McKissack & McKissack, Mr. Bowen served in various leadership roles at the University System of Maryland, including senior manager for the University College campus where he was responsible for a $13 million operating budget, $10 million revenue budget, and up to $50 million per year in construction and leasing activities.
Mr. Bowen received a BS from the College of Business and Management at the University of Maryland, College Park, in 1970; a Masters in General Administration from the University of Maryland University College in 1984; and a Masters in International Management from the University of Maryland University College in 1995.
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| Jay Perman Inaugurated as President of UMB | |  Perman Stresses Collaboration
Invoking his working class roots and status as a first generation American, Jay A. Perman, M.D., used his inaugural speech as President of the University of Maryland, Baltimore (UMB), to talk about the power of partnerships.
"I have unbridled optimism for what, together, we can achieve," he concluded his speech before a packed house at Baltimore's Hippodrome Theatre on November 9.
Perman's tenure as president officially began on July 1 and represents his second tour on campus. He chaired the Department of Pediatrics in the School of Medicine from 1999 to 2004, before leaving to become Dean and Vice President for Clinical Affairs at the University of Kentucky College of Medicine. Perman, a pediatrician, also worked at the Johns Hopkins University School of Medicine from 1984 to 1996 in several leadership roles, and in his inaugural address said "Baltimore and Maryland have shaped who we are as a family."
Reflecting on his reliance on scholarships to attend Northwestern University both as an undergraduate and as a medical student, Perman said, "No one understands more than me the opportunity afforded our youth by the promise of an education."
The inauguration was the first event of Founders Week, an annual campus celebration that includes a black-tie gala in which awards for faculty and staff are given, as well as a research lecture, a student cookout, an entrepreneur presentation, and a staff luncheon. To view a video summary of the event, including the inauguration speech, please see UMB's post on YouTube.
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| University of Maryland School of Medicine Receives $45 Million Private Donation for Celiac Research | |  Gift From Grateful Patient To Fund Research Enterprise for Study of Autoimmunity
Photo, left to right: Dr. Fasano; Pam King, Director of Operations for the Center for Celiac Research; and generous donor Ken Cafferty.
With a new $45 million private gift from the family of a grateful patient, the University of Maryland School of Medicine is planning to establish the nation's only major research enterprise devoted to the study of autoimmune and inflammatory diseases such as celiac disease, multiple sclerosis, chronic obstructive pulmonary disease, asthma, and Type 1 diabetes. The gift, from Indiana couple Ken and Shelia Cafferty, is the largest private donation in the history of the University System of Maryland.
The planned research enterprise will be a full-fledged, multidisciplinary academic organization that includes and expands upon two of the school's outstanding research centers, the Mucosal Biology Research Center and the Center for Celiac Research. Alessio Fasano, M.D., a world-renowned celiac disease researcher and Professor of Pediatrics, Medicine and Physiology at the School of Medicine, will direct the new research enterprise. Dr. Fasano is Director of the Mucosal Biology Research Center and the Center for Celiac Research.
"For years, my wife struggled with severe symptoms, with no diagnosis and no treatment for her condition," says Ken Cafferty, a businessman from Carmel, Indiana, who is making the gift with his wife, Shelia, a registered nurse. "I endured this struggle with her, until Dr. Fasano and his staff at the Center for Celiac Research finally found answers for us, diagnosing Shelia with gluten sensitivity. We are making this gift with the hope that this new enterprise will help provide answers for other families in the same position, and hopefully make strides toward a cure to provide permanent relief for patients like Shelia."
For the complete article, please go the the UMB website.
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| UMUC Receives $1.2 Million Grant from The Kresge Foundation to Measure and Improve Student Success | | | The University of Maryland University College (UMUC) has been awarded a $1.2 million grant from The Kresge Foundation to develop--in partnership with Prince George's Community College (PGCC) and Montgomery College (MC)--predictive models and success interventions designed to help close the achievement gap for underserved adult students in Maryland. The project aims to improve student retention and completion rates through data mining techniques, and will be conducted over a three-year period.
"UMUC is committed to providing flexible, affordable, high-quality programs for our students, most of whom work full-time or serve in the military while juggling family responsibilities," said UMUC President Susan C. Aldridge. "This generous grant from The Kresge Foundation will allow us to explore the gap in student success, retention and graduation rates. It will help us and our community college partners to identify the factors that hinder some students from reaching their education goals and allow us to develop better strategies for intervening proactively on their behalf."
Research from the Georgetown University Center on Education and the Workforce indicates that by 2018, more than 68 percent of all jobs will require some post-secondary education, an increase of 40 percent from current needs. The grant project will help meet this increased need by focusing on working adults who matriculate at a community college, and then pursue a bachelor's degree. Through this project, UMUC and its community college partners extract and analyze student data from each school, identify strategies of successful and unsuccessful students, and advise approaches to maximize student success, and developing and disseminating the results.
The grant will also enable UMUC and its partners to develop an integrated database system to build predictive models designed to increase rates of continuous enrollment and eventual graduation. Ultimately, the project will yield a replicable process based on data-driven practices that will lead to increases in student persistence and graduation rates.
For more about the Kresge Foundation, see the website. |
| USM News Briefs | |
Clifford M. Kendall, chair of the University System of Maryland (USM) Board of Regents and USM Foundation Board member, has been named the 2010 inductee to the Greater Washington Government Contractor Hall of Fame. He was honored November 3 during the eighth annual Greater Washington Government Contractor Awards gala at the Ritz-Carlton Hotel in Tysons Corner, Virginia.
As of November 4, Frostburg State University has raised $13.8 million through Staking Our Claim: The Campaign for Frostburg, 92 percent of its $15 million goal. The campaign will come to a close June 30, 2011. The news was announced at a gala event for donors held during Leadership and Homecoming Weekend.
The University of Maryland Eastern Shore has received a $10,000 gift from the children of alumnus and professional football player, Johnny Sample. Evelyn Sample-Oates, her brother, Barkley, and sister, Sabrina, created the fund as a tribute to their father, a 1958 graduate of the university, who passed away in 2005. The John B. Sample Scholarship Fund will provide need-based financial aid for student-athletes who play intercollegiate sports at UMES.
The University of Maryland has announced the launch of a new multimedia series, TerpVision! Hosted by Maryland alumna Bonnie Bernstein '92, TerpVision tells the stories of the University's faculty, staff and students, and the incredible impact they are having in our communities and in our world. To view the latest, go to the TerpVision website. Salisbury University President Janet Dudley-Eshbach has been appointed to the Committee on International Education for the American Association of State Colleges and Universities (AASCU). Towson University has entered into a Research and Education Partnership Agreement with the U.S. Army Research Laboratory (ARL). The collaboration will encourage and enhance education and research opportunities in the STEM disciplines of science, mathematics, engineering and technology as they are relevant to ARL programs. Towson University President Robert L. Caret has unveiled a new campus strategic plan, Towson University 2016: Building Within-Reaching Out, the second university strategic plan since he became president in 2003.
A team of marine science researchers at the University of Maryland Eastern Shore will use a $5 million grant from the National Science Foundation to search for the causes of poor water quality in coastal bays along the Delmarva Peninsula's Atlantic coast. The money will underwrite research and educational activities primarily at the university's Paul S. Sarbanes Coastal Ecology Center.  By a large majority, the University of Baltimore community has declared Eubie to be the nickname of UB's official mascot, the UB Bee. In a vote that was open to students, faculty, staff and alumni, Eubie was declared the favorite by 195 out of 375 votes. For the other two finalists in the Name the Bee contest (also open to the entire community), 124 votes went to Sting, and 56 votes went to Buzzby. Frank Kuhn Jr. of Spotsylvania, Virginia, is proof positive that it's never too late to earn your degree. A decorated veteran of World War II, the 93-year old Kuhn earned an Associate of Arts degree from University of Maryland University College in August 2010. Go to the UMUC website for the full story. |
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Diana White
Editor
301-445-1999
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