Letter from the President
Dear Friends and
Colleagues,
It has been a
rewarding fall season, with a number of substantial gifts donated to
our campuses. We are quickly approaching the season of giving and our
donors have caught the spirit.
At the USM
Foundation, we have been taking the time to support the work of those
who give back to our community. We recently sponsored the Montgomery
County Business Hall of Fame Luncheon, held at The Universities at
Shady Grove, which raises scholarships funds for USG students. We
also sponsored the Association for Fundraising Professionals'
National Philanthropy Day. Events such as these allow us to connect
with our donors and friends in a way that is meaningful, educational,
and reflective of the work being done.
As we move toward Thanksgiving, we will certainly be
giving thanks for all the generosity our friends, colleagues, and
donors have shown us in good times and bad. 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 9/30/13
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Endowment
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S&P 500
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Composite Benchmark
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80/20
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2.0%
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3.1%
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2.8%
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2.7%
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CYTD 2013
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5.9%
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7.2%
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15.2%
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FYTD 2014
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2.6%
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5.2%
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4.4%
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4.3%
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3 Yr AACR
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7.5%
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16.3%
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7.6%
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13.6%
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5 Yr AACR
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4.1%
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10.0%
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2.1%
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9.4%
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Chancellor Kirwan Named Co-Chair of the Task
Force on Higher Education Federal Regulations
 The
U.S. Senate Education Committee announced the formation of a Task
Force on Higher Education Regulations and named Chancellor Kirwan as
co-chair. Along with Chancellor Nick Zeppos from Vanderbilt, Kirwan
will lead a group of fourteen presidents and chancellors from across
the country to examine federal regulations of higher education and
make recommendations to streamline and improve these regulations.
They will be taken into consideration as Congress takes up the
reauthorization of the Higher Education Act.
Congratulations,
Brit!
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Ratcliffe Foundation Donates $1 Million for
Innovative Entrepreneurial Program at Salisbury University
With an eye to
bolstering employment, the Baltimore-based Philip E. and Carole R.
Ratcliffe Foundation has committed $1 million to the Franklin P.
Perdue School of Business at Salisbury University. Over a five-year
period, the foundation will offer as much as $200,000 annually to
entrepreneurs working to create startups. The foundation hopes
to have new businesses opening within six months with the potential
of employing five or more within the year. The program is open
primarily to two- and four-year college graduates residing in the
Mid-Atlantic region.
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On the heels of graduating the first class of students
in its PGA Golf  Management
program, UMES received a half million dollar donation to help provide
scholarships to students in the program. Gifted by Baltimore
businessman Carnelious Jones, the donation is intended to underwrite
financial aid for students pursuing careers across the golf industry.
UMES is one of twenty higher education institutions offering such a
program, and the first historically black college to do so.
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GoDaddy Founder Gives $1 Million to the
University of Baltimore
 Bob
Parsons, a UB alumnus and founder and executive chairman of GoDaddy,
made a $1 million gift to establish The Bob Parsons Veterans Center
at the University of Baltimore. Parsons attended UB on the
G.I. Bill after returning from Vietnam. The Center will address
veterans' needs, including academic advising, financial aid guidance
and veterans benefits, and career counseling through graduation and
beyond and the Center will also launch the Parsons Veterans
Psychology Clinic.
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James Patterson Pledges Scholarships for Towson
University Education Majors
 James
Patterson, the prolific author of more than 67 New York Times bestsellers, has pledged
to provide eight scholarships of $6,000 to incoming education
freshmen. Patterson has established education scholarships at
approximately a dozen other institutions and his gift to Towson
was pledged due to Towson's longstanding history of excellence in
teacher preparation. The inaugural Towson University James Patterson
Scholars will be chosen this fall.
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Montgomery County Business Hall of Fame
The USM
Foundation was one of multiple sponsors for the Montgomery County
Business Hall of Fame Induction Ceremony, held on Tuesday, October
29th. The event brought together top leaders in the local business
community, as well as state leadership. This year's inductees
were Sol Graham, CEO, Quality Biological; John S.
Hendricks, Executive Chairman, Discovery Communications; Carmen
Ortiz Larsen, CEO, AQUAS, Inc.; Ray Schoenke, Former CEO,
Schoenke & Associates; and James A. Soltesz, PE, President
& CEO, SOLTESZ.
All proceeds
went to scholarship programs at the Universities at Shady
Grove.
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USM News Briefs
UMB School of Pharmacy Unveils the Ellen H.
Yankellow Grand Atrium
The reception
recognized Yankellow's recent gift of $1.1 million to the School and
will be used toward a first-of-its kind fellowship designed to capture
health outcomes and economic data about the value of clinical pharmacy
services. A portion of the money will also benefit an
unrestricted-giving fund.
UMCP Launches Shelley-Godwin Archive
UMCP partnered with the New York Public Library and the
Bodleian Library to digitize original Shelley family manuscripts,
starting with Mary Shelley's iconic Frankenstein.
The archive will make the documents accessible in one place and will
include works by several British writers.
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Wealthy Individuals Want Better Giving Advice
Wealthy donors are not
receiving the kind of philanthropic counsel they would like from their
financial advisors, says a new study by the U.S. Trust. Many
advisers focus on the importance of tax benefits as a motive for giving
rather than the donor's charitable goals and personal interest in
philanthropy.
Giving by Domestic Foundations Continues to Grow
A
new study from the Foundation Center
found that giving by domestic foundations continued to grow at a
moderate pace in 2011 and 2012. The report also found that health and
education were the top priorities of the country's largest foundations,
accounting for almost half of all grant dollars.
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Board Member News
USM
Foundation Board Member William Couper was recently named to the
Washingtonian's
2013 Business Hall of Fame. His 40+ years in banking and philanthropic
culture are highlighted in the article.
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Nathalie Cunningham has joined our Investment Office as
Director of Public Markets. Nathalie comes to us from New York, where
she spent the past eleven years as a partner, portfolio manager, and
director of research at Terrapin Asset Management. She received an
M.B.A from the Stern School of Business at New York University and a
B.A. from McGill University.
Welcome,
Nathalie!
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