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A newsletter for Foundation Directors and friends of higher education in Maryland
In This Issue
Spotlight on the Board
Bob Bedingfield Scouting Citizen of the Year
Osher Foundation Grants Towson University $1M
Smith School to Receive $1.5 Million
Smith School of Business Receives $1M
FSU Pinnacle Award Given to Ken Kennedy
USM News Briefs
Quick Links
Volume 4, Number 4Spring 2010
Dear Friends and Colleagues:
We have much to celebrate as we close out another academic year across our campuses.  The Foundation can be proud that our work stewarding philanthropic funds for the each of our client institutions has made the academic journey possible for many bright and deserving students.  Thank you for your efforts, which will pay dividends in the form of young talent for years to come.
Speaking of celebrations, my heart was warmed by the outpouring of pride and affection for Chancellor Kirwan at the rescheduled Carnegie Academic Leadership Award dinner on May 13.  I think you will agree that it was a first-class event.  Gov. Martin O'Malley and U.S. Rep. Steny Hoyer delivered tributes during the formal program. Freeman A. Hrabowski, president of the University of Maryland, Baltimore County, served as master of ceremonies. I want to take time to recognize both Board members and staff who planned and organized of the event and carried it out with such professionalism.  I especially want to thank Clifford Kendall, Chair of the Board of Regents, who spearheaded this effort.
The event kicked off A Matter of Degrees: USM Leading the Way in College Completion, a focused effort to increase Maryland's college-educated population from 41.1% to 55% by 2020.  To date, we have raised more than $1.8 million to supplement the $500,000 Carnegie Award, bringing the initiative total up to nearly $2.4 million.  A Matter of Degrees will: build a strong pipeline of students prepared to attend college, particularly among Maryland's growing population of minority and disadvantaged students; increase opportunities for student success after admission; and support degree completion for those who have left school due to financial need.
To this end, the funds will support Way2GoMaryland, the USM's college preparedness outreach initiative to Maryland middle school students; the USM's course redesign effort for "gateway" courses, which often are oversubscribed and lack faculty contact; and through scholarship assistance.  Thanks to all who supported this exciting and worthwhile effort. 
As always, please contact me at with any questions or comments.
Leonard R. Raley

Investment Performance through 4/30/10

*Estimated; Private Investments marked as of 12/31/09



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Spotlight on the Board
Gary DandoB. Gary Dando
Partner (Retired)
Ernst & Young
Gary Dando retired from Ernst & Young in June 2001. He had been with Ernst & Young since 1964 and he became a partner in 1976. In addition to client engagement responsibilities, Mr. Dando held positions of national and regional responsibility within Ernst & Young in areas of practice management and operations.

Mr. Dando is a member of the Board of Directors and president of the Robert H. Smith School of Business Foundation. He also is a member of the Robert H. Smith School of Business Board of Visitors and Dean's Advisory Council. In addition, he is co-chair of Coach Gary Williams' Coaches vs. Cancer Tip-Off Breakfast Campaign and a member of the Terrapin Club.
In 2000, Mr. Dando was named the Distinguished Alumnus of the Robert H. Smith School of Business and in 1998 he was a Robert H. Smith School of Business Honoree at its 75th Anniversary Celebration. From July 2001 to June 2007, he was a member of the Board of Trustees of the University of Maryland, College Park Foundation.

Mr. Dando is a member of the Board of Directors of MICROS Systems, Inc. and Chairman of the Audit Committee. Mr. Dando is a member of the American Institute of Certified Public Accountants and Maryland Association of CPA's. Prior to his retirement from Ernst & Young, he was a CPA licensed to practice in Maryland, California, the District of Columbia, and Ohio. Mr. Dando is a 1964 graduate of the University of Maryland, College Park.
Bob Bedingfield Named Recipient of Scouting Citizen of the Year Award
The National Capital Area Council, Boy Scouts of America (NCAC), honored USM Foundation Board member Robert Bedingfield, senior partner at Ernst & Young, with the "Citizen of the Year" award at a dinner earlier this month. Mr. Bedingfield was selected for this prestigious award because of his commitment to the ideals of the Scout Oath and Law in his daily life. Commenting on this honor, he said, "I am deeply honored to be recognized by the National Capital Area Council, Boy Scouts of America. Scouting has become an important part of my life, and I believe its teachings and values are essential for our area and nation's youth."

Although Mr. Bedingfield was never a Scout himself, he became involved in Scouting through his son's participation in the late 1970's. Since that time, his scouting involvement has been integral at the council, regional, and national levels.

The event was held at the U.S. Chamber of Commerce's Hall of Flags, and was co-chaired by John M. Brophy; Christopher E. Kubasik, president & COO, Lockheed Martin Corporation; Kevin C. Virostek, managing partner, Greater Washington Office, Ernst & Young.

"We are pleased to recognize Bob for his numerous, invaluable contributions to Scouting both within our Council and nationally," said Scout Executive Les Baron. "The values embodied in Scouting are reflected in his daily life and work."

The Citizen of the Year Award was first presented in 1968 and salutes a great American leader who exemplifies the ideals of the Scout Oath and Law in their daily life. Past recipients include Presidents George W. Bush, Ronald Reagan, and Gerald Ford. Additionally, J.W. Marriott, Jr., Robert Gates, Norman Augustine, Colin L. Powell, Thomas J. Donohue, and Katharine Graham have also received this accolade. 

Osher Foundation Grants Towson University $1 million to Fund Reentry Scholarships
The Bernard Osher Foundation has awarded a grant of $1 million to establish an endowment to sustain the Osher Reentry Scholarship program at Towson University.   Osher began its investment in reentry students at Towson University with a $50,000 grant for the 2007-2008 academic year; that award was followed by grants of $50,000 in each of the next succeeding years.
The Osher Foundation defines reentry students as non-traditionally-aged persons who are pursuing a first bachelor's degree after having experienced an interruption of at least five years.  Grants are need-based and intended to defray the cost of tuition.
To date, Osher Reentry Scholarship grants have funded 92 Reentry Scholars at Towson University.
"Thanks to the continued financial support of the Osher Foundation more reentry scholars will get the opportunity to renew their dream of pursuing a college degree," Towson University President Robert Caret said.
The Osher Foundation funds reentry scholarships at 73 institutions across 30 states and the District of Columbia.  For more info on the Osher Foundation, visit
In May 2009, the Bernard Osher Foundation awarded the Towson University Foundation a $1 million endowment to sustain the Osher Lifelong Learning Institute at Towson University.
Robert H. Smith School of Business to Receive $1.5 Million in BB&T Foundation Support
The University of Maryland's Robert H. Smith School of Business will receive $1.5 million from the BB&T Foundation to support business ethics and leadership programs. Awarded over a 10-year period, the gift will fund new curriculum and the BB&T Colloquium on Capitalism, Ethics and Leadership lecture series at the Smith School's new Center for Leadership, Innovation and Change, which will launch in the fall of 2010 with a mission to advance individual, team and organizational effectiveness. The center will focus on fostering synergies among research, education and practice to generate new knowledge about leadership, innovation and effective change in organizations. The BB&T Colloquium on Capitalism, Ethics and Leadership will bring together students, faculty, staff, alumni and the public for a spring lecture series. The center will also use the BB&T gift to create undergraduate, MBA and executive education curriculum that will focus on the logic and morality of capitalism.
Smith School Receives $1M from Kaufman Foundation to Support Fellowship in Business History
The University of Maryland's Robert H. Smith School of Business today announced it will receive a $1 million endowment from the Henry and Elaine Kaufman Foundation to support a fellowship in business history, in affiliation with the school's Center for Financial Policy. University of Maryland history professor David Sicilia was appointed the first Henry Kaufman Fellow in Business History, effective July 1.
Henry Kaufman, a world-renowned economist and author, first became involved with the Center for Financial Policy last fall when he spoke to business leaders, policy makers, faculty and students at two separate events about the financial crisis and his recent book, "The Road to Financial Reformation: Warnings, Consequences, Reforms." The Center for Financial Policy launched in fall 2009 and serves as a forum for the exchange of views among research leaders, policy makers and institutions to grapple with cutting-edge financial policy issues for both the private and public sectors. The center holds roundtable events and hosts top speakers.  The Academic Fellows Program, the first of which is the Henry Kaufman Fellow in Business History, is intended to help foster cross-disciplinary research and thought leadership.
"This fellowship in business history helps us achieve the overall mission of the new Center for Financial Policy," said Smith School Dean G. "Anand" Anandalingam. "This fellowship signifies an important new direction in the educational mission of the Smith School's curriculum in ensuring that our current business students are taught critically important lessons from the history of finance and the capitalist system, and that current policy makers understand the importance of business history when making decisions." 
In his role as business history fellow, Professor Sicilia will focus on engaging in and publishing academic research, and he will help develop programs that highlight the strategic implications of business history that support the Center for Financial Policy's mission of promoting research and education that informs policy. The fellowship is a five-year renewable appointment.
Frostburg State University Foundation Gives Pinnacle Award to FSU Foundation Board Member Ken Kennedy
 FSU Pinnacle
The Frostburg State University Foundation Inc. has honored Ken Kennedy of Frostburg with the Pinnacle Award, its highest honor, in recognition of the nearly quarter-century of expert guidance and time he has offered to the FSU Foundation. Kennedy, only the sixth person to receive the Pinnacle Award, is retired from Westvaco (now NewPage). He is the treasurer of the Foundation Board of Directors, serving in that role since 1989, and he served on the board for a number of years before that. The award was granted during FSU's Sloop Leadership Institute, named for the late FSU professor Richard Sloop, held at Bedford Springs Resort on Friday, March 26.
"Ken's years of service has helped to provide a bright future for FSU and his consistent unrestricted giving to the Annual Fund helps the University fund its most critical and immediate needs," said Sam Griffith, president of the FSU Foundation Board of Directors. "It seems particularly fitting to honor him this evening in conjunction with the Sloop Leadership Institute. Like Dick Sloop, Ken is a principled leader, concerned about the common good and the welfare of our students."
Ken Kennedy earned a Master of Science in Management degree from FSU in 1972.
Created in 1993, the Pinnacle Award recognizes individuals who have made significant contributions of time, talent or treasures in support of the educational mission of Frostburg State University through the FSU Foundation Inc. Previous recipients are Ralph Race, Lillian Wellner, Al Boxley, Walter Hedrick and Leonard Schwab.
USM News Briefs
Maryland Governor Martin O'Malley has announced the appointment of new USM Regents. Louise Michaux Gonzales, J.D.  UMCP '71, UMB '76,  has previously served on the board. She is a partner and co-founder at Hylton & Gonzalez, a law firm specializing in trusts, special needs trusts, estate planning and probate.  Paul L. Vance, Ed.D. (U Penn) has over thirty years of experience working in education, including the top post of superintendent of schools in the District of Columbia and Montgomery County.  Leslie Donald Hall, the new Student Regent starting July 1, is currently a junior at Bowie State University.
UMBC President Freeman A. Hrabowski, III, received an honorary Doctor of Laws from Harvard University on May 27. 

Researchers at the University of Maryland School of Medicine are leading a new international research initiative, funded in part by the Vatican, to explore the therapeutic potential of intestinal stem cells. The International Intestinal Stem Cell Consortium will include scientists from several institutes in Italy as well as from the University of Maryland School of Medicine Center for Stem Cell Biology and Regenerative Medicine. The Vatican and the Istituto Superiore di Sanita, the Italian equivalent to the National Institutes of Health, announced the new partnership on April 23.

Coppin State University President Reginald Avery has announced the appointment of Cynthia Jackson Hammond, Ed.D, as university provost and vice president for academic affairs starting July 1, 2010.  Dr. Hammond is currently dean of the College of Health and Human Performance at Winston-Salem State University in North Carolina.  
The University of Maryland, Baltimore County, became national college chess champions April 11 after beating three teams in what is known as the final four of chess.  UMBC has won the tournament six of the past 10 years. The weekend-long tournament was held at the University of Texas at Brownsville, and included that institution, as well as the University of Texas at Dallas, UMBC, and Texas Tech University.

The National Science Foundation has awarded Salisbury University $996,303 to increase the number of graduates in science, technology, engineering and mathematics (STEM) disciplines.  The grant is the largest NSF award in SU history, and includes initial funding of $637,695 for three years and $358,608 for two additional years based on project progress. The grant will fund a new Bridges for SUCCESS Program (Salisbury University's Connections to Careers for Every STEM Student).  The program is designed to increase STEM graduates by 75 percent within five years.
Diana White