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LeaderNotes

A newsletter for Foundation Directors and friends of higher education in Maryland
In This Issue
Investment Report
Campaign Report
Trends in Philanthropy
$10M Gift to UMCP
Loeschke Named Towson President
Regents Staff Awards
USM News Briefs
Quick Links
Volume 5, Number 4Fall 2011
Dear Friends and Colleagues,
 
Fall has arrived, and with it, increased activity with the return of students to our campuses. 

 

I will begin with wonderful news: a fabulous gift recently received by the University of Maryland, College Park. Maryland developer, philanthropist, and Terrapin alumnus Ed St. John has given the university $10 million, one of the largest gifts in Maryland's history.  His gift is truly "groundbreaking" - it will allow the university to build the first dedicated classroom facility on campus in decades.  Please see the story below for more information about this generous gift.

 

This is among several milestone gifts seen at College Park under the leadership of its vice president for university relations, Brodie Remington. It is with mixed emotions that I share the news that our friend and colleague will be resigning his post sometime during the summer of 2012. After 12 years at the helm, Brodie has decided to step down, but he will continue to assist the campus in an advisory capacity. The University of Maryland has accomplished much through Brodie's leadership: it has raised more than $1.2 billion in support, developed its brand presence (such as Fear the Turtle), and continued to build strong alumni affinity, participation and commitment to the university. I want to thank Brodie for his steadfast service to both the University of Maryland and the System. 
 
Other campuses are marking significant milestones as well.  Towson University celebrated the completion of its $50 million campaign on October 5 and recently announced the appointment of Maravene Loeschke, Ph.D., as president (see article below).  Other institutions that have reached their campaign goals include: Salisbury University; University of Maryland, Baltimore County; University of Maryland Eastern Shore; and University of Maryland University College. Several others are close to meeting their campaign goals. These achievements, especially during these tough economic times, are remarkable. 

I am happy to report that we are making significant progress in our search for a new chief investment officer.  The USM Foundation has hired Charles Skorina to lead the search.  Skorina is the author of The Skorina Report, a well-respected newsletter in the investment field, as well as an executive search professional.  There has been much interest in the position, and we expect to begin the interview process in November. 

 

As always, please contact me at raley@usmd.edu with any questions or comments.
  
Sincerely,
  
Leonard R. Raley
 



Investment Performance through 8/31/2011

 

 

Endowment %

S&P 500 %

Composite Benchmark

%

 

80/20

%

 

60/40

%

Latest Month

-1.6

-5.4

-1.6

-4.0

-2.6

CYTD 2011

5.2

-1.8

5.2

-0.2

1.4

Fiscal 2011

-1.0

-7.4

-1.0

-5.3

-3.2

3 Yr AACR

-0.8

0.5

-0.8

2.4

4.0

5 Yr AACR

3.4

0.8

3.4

2.3

3.6

 

Note:  The Composite Benchmark uses the Endowment's actual asset class weights and the benchmark index performance for each asset class. 

Campaign Progress through 8/31/2011

 

Institution

Announced

Goal

8/31/2011

Bowie

11/08

$15M

  $7.1M

Coppin

10/07

$15M

$7.0M

Frostburg

10/08

$15M

$16.9M

Salisbury

6/06

$35M

$37.9M

Towson

11/06

$50M

$51.1M

UB

3/09

$40M

$39.0M

UMB

10/07

$650M

$503.9M

UMBC

9/06

$100M

$116.1M

UMCES

11/07

$8M

$6.5M

UMCP

10/06

$1B

$854.1M

UMES

9/06

$14M

$14.9M

UMUC

2/08

$26M

$27.1M

USM Federated

 -

 $1.7B

  $1.705B

Trends in Philanthropy - CASE Update

New CASE Campaign Report Reveals Impact of Recession on Giving, Other Stats

 

CASE has released its CASE Campaign Report 2010 featuring analysis of data from its annual survey of educational fundraising campaigns.

 

Interesting stats from the report include:

  • The top 1 percent of donors in 2010 contributed 71 percent (median) of campaign funds raised.
  • Staffing for campaigns was up with an average of 21 and a median of 10 staff members dedicated to fundraising compared to an average of 18.3 and a median of 7.5 in 2009.

A downloadable PDF of the report is available. For more information, please e-mail research@case.org.

 

Senate Finance Committee Announces Oct. 18 Hearing on Charitable Giving Incentives

 

On Tuesday, Oct. 18 at 10:00 am, the Senate Finance Committee will hold a hearing on incentives for charitable giving. The hearing is one of a series of hearings the Finance Committee has convened on tax reform options.

 

President Obama's proposal to cap the value of the charitable deduction at 28 percent for taxpayers earning more than $200,000 ($250,000 for married couples) will likely be discussed by both committee members and witnesses. Dr. Frank Sammartino of the Congressional Budget Office will also likely testify on a recent CBO report that outlines options for changing the tax treatment of charitable giving.

 

The witness list is as follows:

  • Dr. Frank Sammartino, Deputy Assistant Director For Tax Analysis, Congressional Budget Office, Washington, DC
  • Elder Dallin H. Oaks, The Quorum of the Twelve Apostles, The Church of Jesus Christ of Latter-day Saints, Salt Lake City, UT
  • Dr. Eugene Steuerle, Richard B. Fisher Chair and Institute Fellow, The Urban Institute, Washington, DC
  • Mr. Brian A. Gallagher, President and CEO, United Way Worldwide, Alexandria, VA
  • Mr. Roger Colinvaux, Associate Professor, The Catholic University of America, Columbus School of Law, Washington, DC

For full details, view the full hearing notice. Live video of the hearing will be available on the Senate Finance Committee website.

 

CASE will continue to urge lawmakers to protect the value of the charitable deduction and will post a recap of the hearing.

Ed St. John Makes Gift of $10 Million to the University of Maryland, College Park
Ed St. JohnA landmark gift of $10 million from Baltimore developer and philanthropist Edward St. John will help create a long-sought, world-class teaching and learning center at the University of Maryland: a high-tech classroom facility serving students campus-wide, and the first of its kind in a half-century at Maryland, officials say.

 

The gift represents a vital step toward bringing the Edward St. John Teaching and Learning Center to fruition. Gov. O'Malley and the legislature still have to approve state funding before the project can proceed.

 

The proposed $63 million Center will be the first new building on campus in 50 years dedicated solely to classroom space.

University officials have lobbied for a facility of this kind for decades. For example, the Center will replace current lecture halls fashioned from a Cold War-era rifle range. These offer only the most rudimentary instructional technology.

 

"I strongly believe that education has the power to transform lives and strengthen communities, and know that this center will benefit University of Maryland students for decades to come," says Edward St. John, a Maryland alum who graduated in 1961 with an engineering degree. He went on to found St. John Properties, a commercial real estate development firm, 40 years ago.

 

See website for the full story.

Maravene S. Loeschke Appointed President of Towson

LoeschkeOrlan M. Johnson, chair of the USM Board of Regents, has announced the appointment of Maravene S. Loeschke as president of Towson University.

 

Loeschke is currently president of Mansfield University in Pennsylvania. Her new appointment is effective January 1, 2012. As president of Towson University, Loeschke will return to the institution from which she earned both her master's degree in education and her bachelor's degree in theatre and English and where she began her higher education professional career.

 

Beginning in 1970, she spent more than 30 years at Towson moving up through the faculty ranks and serving as dean of the College of Fine Arts and Communication from 1997 to 2002.

 

In 2002, Loeschke left Towson to accept the appointment as provost of Wilkes University in Pennsylvania. She became president of Mansfield University in 2006. 

 

Loeschke was born in Baltimore. After earning her bachelor's and master's degrees from Towson, she earned her Ph.D. in philosophy from The Union Institute in Cincinnati. 

 

Loeschke will succeed Robert Caret, who left Towson University in April to become president of the University of Massachusetts System. Since Caret's departure, Marcia G. Welsh has served as acting president and will continue in that position until Loeschke joins the university in January. Welsh will return to her position as the university's provost and vice president for academic affairs.

 

2011 Regents' Staff Awards Announced

The 2011 USM Regents' Staff Awards have been announced. The awards recognize staff members who have made exceptional contributions to their organizations, students and the university community. Award winners are selected based on nominations and letters of support from colleagues, culminating in a formal recommendation from the Council of University System Staff. Each award carries a $1,000 prize, provided by the institutions and the University System of Maryland Foundation.

 

The following USM staff members were honored:

 

Regents' Staff Award for Outstanding Service to Students in an Academic or Residential Environment

Exempt: Alan Santos, Director of Undergraduate Student Services in the Department of Civil and Environmental Engineering at the University of Maryland, College Park (UMCP).  Non-Exempt: Cecilia Jordan, Academic Programs Specialist in the Department of Biology, also at UMCP.

 

Regents' Staff Award for Exceptional Contribution to the Institution or Unit

Exempt: Jim Lord, the Design Director in the Office of Creative Services at the University of Maryland, Baltimore County. Non-Exempt: Sandra Ramses, Program Management Specialist in the Department of Biological Sciences at Salisbury University.

 

Regents' Staff Award for Extraordinary Public Service to the University or to the Greater Community

Exempt: Karen Treber, general counsel for Frostburg State University. Non-Exempt: Donna Messick, Administrative Assistant with the Edward H. Nabb Research Center for Delmarva History at Salisbury University.

 

Regents' Staff Award for Effectiveness and Efficiency/Administrative Transformation

Exempt: Jeff McKinney, Director of Computing Facilities in the Department of Electrical and Computer Engineering at UMCP.

 

For more information about the winners, see the USM press release.

USM News Briefs

According to the 2011 edition of America's Best Colleges, the University of Maryland, College Park rose from 18th to 17th best among all U.S. national public universities. The university also finished No. 55 in the overall rankings of national universities, private and public. The University of Maryland, Baltimore County ranked No. 1 among "up-and-coming" national universities for the third straight year. The university continues to attain outstanding national recognition for the quality of its undergraduate research. Salisbury University and Towson University ranked 9th and 11th, respectively in the Public Regional Universities (North) category. Among all universities (private and public) in this category, Salisbury ranked 41st and Towson ranked 49th. Among the nation's 80 historically black colleges and universities, the University of Maryland Eastern Shore is ranked 25th, up three spots from last year's ranking.

 

On October 26, the University of Baltimore will present Poe Night: Tony Tsendeas performs Edgar Allen Poe at 7 p.m. Tsendeas will perform Poe's The Black Cat, The Raven and The Telltale Heart. In between performances, the audience is encouraged to tell their own ghost stories underscored by the haunting strains of cellist Kate Porter. Tickets are $5 each for students and $10 for general admission.  More on the performing arts events website.

 

The University of Maryland, College Park will name the basketball court at its home arena after former head coach Gary Williams, who retired in May after a 22-year run.  The ceremony will take place at the Comcast Center on December 9.  Williams retired with a 461-252 record at Maryland. In 2006, he surpassed Lefty Driesell as Maryland's winningest coach. The Terps won the 2002 national championship under Williams and reached the NCAA tournament in 14 of his final 18 seasons at the school.

 

G.I. Jobs, the premier magazine for military personnel transitioning into civilian life, has awarded Frostburg State University the designation of Military Friendly School. The 2012 Military Friendly Schools list honors the nation's top 20 percent of colleges, universities and trade schools that are doing the most to embrace America's military service members and veterans as students.

 

Scott Jackson Dantley, Ph.D., Associate Vice President of Institutional Effectiveness and Planning and Professor of Science for Coppin State University, was selected by the National Association for Equal Opportunity in Higher Education (NAFEO) to conduct a standards review for 25 Saudi Colleges of Education. He will also lead the science sub-division of the review. The engagement model of quality assurance was created by NAFEO at the request of the Kingdom of Saudi Arabia (KSA). See Coppin State's website for more information.

 

The Universities at Shady Grove has launched a mobile version of its website to give users easy access to key information and services via smartphones, tablets, and other mobile devices. The mobile site is automatically available when users visit shadygrove.umd.edu using a mobile browser.

 

Salisbury University students, faculty, and staff helped make a difference in the lives of an Eastern Shore family by participating in Extreme Makeover: Home Edition.  The home's reveal occurred on October 4. For more details on the exciting event, see the story on the Salisbury University webpage.

Diana White
Editor
301-445-1999