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LeaderNotes

A newsletter for Foundation Directors and friends of higher education in Maryland
In This Issue
Statement from USM Chancellor Kirwan Regarding Earthquake in Haiti
SAVE THE DATE
Towson Capital Campaign
CASE-IRF Updates
Spotlight on the Board
USM News Briefs
In Memoriam: Robert H. Smith
Quick Links
Volume 4, Number 1 January 2010
Dear Friends and Colleagues:
 
The new year is off to a busy start, with the Foundation office  preparing for the January 30 dinner recognizing Chancellor Kirwan on the occasion of his selection for the Carnegie Corporation Academic Leadership Award.  The Board of Regents is hosting the dinner to raise funds for A Matter of Degrees: USM Leading the Way in College Completion. Proceeds from the dinner will supplement the Carnegie Corporation's $500,000 grant (see article). 
 
I want to express my thanks to Regent Cliff Kendall and the Celebration Committee for their efforts in undertaking the campaign in such a short period of time.  My thanks also to our staff for their tireless work in organizing the event and attending to the myriad of details that go along with such an effort.    
 
In another matter, Foundation counsel Pam Purcell and I, along with a committee with representatives from across the country, recently completed our work updating the CASE Management and Governance Checklist for Institutionally-Related Foundations (see IRF updates below).  This is an important resource for foundations nationwide.
 
Finally, the world was stunned with the news of the earthquake in Haiti.  I am proud to report that USM institutions are among those addressing critical medical needs of those suffering as a result of this disaster.  Please see Chancellor' Kirwan's statement below for more detail on these efforts and how you can help. 
 
I look forward to working with our Board of Directors and institutional colleagues in the year ahead.  As always, please contact me at raley@usmd.edu or 301-445-1941 with any questions.    
 
Sincerely,
 
Leonard R. Raley
Investment Performance through 11/30/09
 

*Estimated; Private Investments marked as of 9/30/09

 

Endowment

S&P 500

80/20

60/40

Latest Mo

1.9%

6.0%

5.0%

4.1%

Fiscal YTD

8.4%

20.3%

17.3%

14.3%

Calendar Yr

12.0%

24.1%

21.0%

17.8%

3 Yr AACR

-1.0%

-5.8%

-3.1%

-0.5%

5 Yr AACR

5.1%

0.7%

1.9%

3.0%

Campaign Progress

Publicly Announced Campaigns

Institution

Announced

Goal

11/30/09

Bowie

11/08

$15M

$8.4M

Coppin

10/07

$15M

$4.7M

Frostburg

10/08

$15M

$11.3M

Salisbury

6/06

$35M

$33.5M

Towson

11/06

$50M

$40.5M

UB

3/09

$40M

$29.3M

UMB

10/07

$650M

$361.4M

UMBC

9/06

$100M

$102.1M

UMCES

11/07

$8M

$4.3M

UMCP

10/06

$1B

$665.5M

UMES

9/06

$14M

$10.1M

UMUC

2/08

$26M

$20.6M

USM Federated

 

-

 

$1.7B

 
 $1.3B
Statement from USM Chancellor Kirwan Regarding Earthquake in Haiti
On behalf of the entire University System of Maryland (USM), I extend our deepest sympathies to those affected by the recent earthquake in Port-au-Prince, Haiti.  This natural disaster has caused unimaginable devastation and human suffering.
 
Not surprisingly, individuals across the USM are responding to this tragedy.  Many have already made personal contributions to relief agencies.  The Shock Trauma Center at the University of Maryland, Baltimore is making preparations to dispatch a team to Haiti to aid the victims. The Institute of Human Virology is working with its partner, the Catholic Relief Charities, to bring medical care to victims of the earthquake.

While the immediate needs in Haiti -- food, water, medical supplies -- are great, in the coming months it will also be important for members of our community to join with others in rebuilding Haiti's infrastructure, including its schools. Governor O'Malley issued a statement with information regarding how Marylanders can coordinate relief efforts.  The information can be accessed here: www.governor.maryland.gov/pressreleases/100114b.asp.
 
In addition to the direct steps people are taking to aid Haitians, I know I speak for the entire USM community in saying that our thoughts and prayers are with the people of Haiti and with all of those who have ties to that nation.

William E. "Brit" Kirwan
Chancellor
University System of Maryland 

SAVE THE DATE

Celebration of Chancellor Kirwan's Carnegie Academic Leadership Award Slated for January 30
 
In recognition of Chancellor William E. "Brit" Kirwan's recent selection for the prestigious Carnegie Corporation Academic Leadership Award, the Board of Regents is hosting a black tie celebration at the Samuel V. Riggs IV Alumni Center at the University of Maryland, College Park, on January 30. 
 
Chancellor Kirwan is being recognized for his decades-long work in closing the achievement gap, strengthening STEM (science, technology, engineering, and mathematics) education, promoting workforce development, enhancing K-12 teacher education, and implementing the Efficiency and Effectiveness Initiative, which has become a national model, among other innovations.
 
The Carnegie award carries with it a $500,000 grant to be used at the recipient's discretion to futher his or her initiatives.  Chancellor Kirwan will use his award to launch  A Matter of Degrees: USM Leading the Way in College Completion.  The initiative will support college completion intervention efforts, including scholarships, course redesign, and funding for Way2GoMaryland.  Proceeds from the dinner, after expenses, will support the college completion program.
Towson Capital Campaign Hits $40 Million Milestone
Towson University's capital campaign, Growing a University -The Campaign for Towson, has hit the $40 million milestone.  The campaign, which will continue through June 2011, has a goal of $50 million.  "Since we launched this campaign in 2004, we have been grateful to have had the strong support of our alumni, corporations, foundations and other friends," said Gary N. Rubin, vice president for University Advancement.  "Given the difficult economic climate we are in, the support we have received is especially noteworthy," he added.

Student scholarships and program funding are the beneficiaries of Growing a University.  "The contributions, which have come to us from a variety of sources, are motivated by the donors' recognition of Towson University's quality, tradition and promising future," said Donna Mayer, associate vice president for development.

The largest gift received during the campaign to date is a $10.2 million gift to the College of Science and Mathematics from the Robert M. Fisher Memorial Foundation.  The college has been named in honor of the late Jess and Mildred Fisher.
CASE-IRF Updates
CASE Unveils IRF Management and Governance Checklist
December 18, 2009
 
Foundation executives and staff have a new tool to examine their IRF's activities to ensure compliance with laws, standards and best practices. The updated CASE Management and Governance Checklist for Institutionally Related Foundations (IRFs), reviewed and approved by the National Committee for Institutionally Related Foundations, covers compliance, governance and policies and procedures.  It can be used by both new and experienced foundation leaders to conduct internal self-assessments of foundation programs and policies. In addition, IRF staff can use the Management and Governance Checklist Grid to track their progress.

USM Foundation President and CEO Leonard Raley chaired the National Committee which spearheaded the effort.  Foundation Counsel Pamela Purcell also helped update the checklist.
 
For more information on the checklist, contact Brian Flahaven, CASE's director of government relations and institutionally related foundations, at flahaven@case.org or (202) 478-5617.
 
 
Billion-Dollar Campaigns Maintain Momentum in Tough Economy
Marts & Lundy Special Report 
 
Despite the tough economy, billion-dollar campaigns in higher education are making "sufficiently strong monthly progress" and are on track to meet their goals. That's according to a new report that analyzed campaigns launched right before and after the onset of the recession. The Marts & Lundy Special Report notes that billion-dollar campaigns are generally maintaining momentum. Those launched before the recession, however, appear to be performing more strongly. Among other findings:
 
Megagifts, defined in the study as $50 million or more, have not disappeared although a continued weakness persists in these gifts.
 
The dramatic decline in giving predicted by some industry experts is not happening.
 
The level of monthly progress should be sufficient to at least achieve, if not surpass, goals.
 
Implications for new campaigns are that gifts can be, and are being, raised during the recession but that the current bull market has not yet had a measurable impact on giving. The report is available on the the Marts & Lundy Web site.
 
 
Slight Rebound for Endowments

Inside Higher Ed, 12/10/09

It appears that college and university endowments have begun to rebound from the economic downturn according to a preliminary report from the annual endowment study conducted by the National Association of College and University Business Officers and Commonfund. The report, which included responses from around 500 of the 800 institutions expected to complete the survey, found an average endowment return decline of 19 percent. While not good, it is much better than the 22.3 percent average endowment return decline predicted in an earlier NACUBO Commonfund analysis. The report also confirms that endowments at smaller institutions tended to fare better than endowments at larger institutions in fiscal year 2009.  View full article.
Spotlight on the Board
BedingfieldGeorge P. (Pat) Clancy
Executive Vice President and
Mid-Atlantic Market President
Chevy Chase Bank, a division of
Capital One, N.A.

George P. "Pat" Clancy, Jr. serves as executive vice president and Mid-Atlantic Market president of Chevy Chase Bank, a division of Capital One, N.A. Mr. Clancy began his banking career with The Riggs National Bank, holding various executive positions over 20 years, including president of Riggs National Corporation. In 1986, Mr. Clancy joined Signet Bank where he was president and CEO of Signet Bank, N.A. and senior executive vice president of Signet Banking Corporation prior to joining Chevy Chase Bank in 1995.

Mr. Clancy is a director of WGL Holdings, Inc. and the Greater Washington Board of Trade. He is the founding and immediate past chairman of the Catholic Charities Foundation and immediate past chairman and current member of the executive committee of the Washington, D.C., Police Fund. In addition to his service on the Board of the University System of Maryland Foundation, he is also a trustee of the University of Maryland College Park Foundation.
 
Mr. Clancy received a B.A. in English from the University of Maryland in 1967 and an M.B.A. from Loyola College in Maryland in 1980.
USM News Briefs
On January 6, Chancellor Kirwan was one of six public research university leaders to present a letter to President Barack Obama pledging to address the national shortage of science and mathematics teachers through the Science and Mathematics Teacher Imperative (STMI), an initiative sponsored by the Association of Public Land-grant Universities (APLU, formerly NASULGC).  The letter was signed by 79 public research university leaders representing 120 universities nationwide.
 
Four USM universities rank among the nation's 100 best values in public higher education, according to the February issue of Kiplinger's Personal Finance. The University of Maryland, College Park leads the way, at No. 8 on the list. Salisbury University ranks No. 59, the University of Maryland, Baltimore County, ranks No. 93, and Towson University ranks No. 97.
 
Calling Salisbury University "a rising star in the Northeast," The Princeton Review, in partnership with USA Today, has named the university among its Top 50 "Best Value" Public Colleges in the nation for 2010. This is the second consecutive year Salisbury has made the list.
 
Three USM institutions are included on the Princeton Review's 2010 "Top 371 Colleges": Salisbury University; University of Maryland, Baltimore County; and University of Maryland, College Park.
 
Donald F. Boesch, USM Vice Chancellor for Sustainability and President of the University of Maryland Center for Environmental Science, has been appointed as the chair of the Ocean Studies Board of the National Research Council (NRC). Boesch joins two other USM scientists currently serving as chairs of NRC boards examining environmental issues: Claire Welty of the University of Maryland, Baltimore County currently chairs the Water Science and Technology Board and Antonio Busalacchi of the University of Maryland, College Park, chairs of the Board on Atmospheric Science and Climate.
 
Bank of America recently made a $5,000 gift to the University of Maryland Eastern Shore Foundation in support of student scholarships.  The donation brings Bank of America's cumulative charitable contributions to UMES to $25,000 during the university's Campaign for Academic Excellence. UMES has named the Bank of America Classroom on the first floor of Hazel Hall in recognition of the banking and financial services institution's philanthropic support.
 
The Frostburg State University Foundation
, through the annual fund, recently awarded 23 grants to FSU faculty, staff and students who submitted proposals that enhance student enrichment, academic enrichment and regional and cultural enrichment, the themes of Staking Our Claim: The Campaign for Frostburg. Examples of activities funded include: a bike-sharing program on campus; "Adopt-a-School", a new project for The Children's Literature Centre; the annual Science, Technology, Engineering and Math (STEM) Day;funding for a freshman experience residence hall for students planning to major in a STEM discipline; and a program addressing the academic achievement gap between majority students and minority and underrepresented students.

Bowie State University and the Lady Bulldogs cross country team are co-champions of the CIAA.  Bowie State and Saint Augustine's College tied with 44 points followed by Virginia State University, Shaw University, and Johnson C. Smith University.
In Memoriam
Robert H. SmthRobert H. Smith
 
Robert H. Smith a 1950 graduate of the University of Maryland and the university's largest benefactor, died on December 29 at Winchester Medical Center following a stroke.
 
Smith was a visionary builder-developer, best known for the vast Crystal City complex in Arlington, Va. He was the former chairman of Charles E. Smith Commercial Realty, a division of Vornado Realty Trust, and former chairman of Charles E. Smith Residential, a division of Archstone-Smith.

Smith was steadfast and enormously generous in his support of business education and the performing arts. In 1998, the university named its business school, the Robert H. Smith School of Business, after him. In addition, the university's performing arts center was named in honor of Smith's wife, Clarice Smith. Both are testaments to Smith's belief in excellence and opportunity. 
Diana White
Editor
301-445-1999