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| Volume 6, Number 2 | Spring 2012 | |
Dear Friends and Colleagues,
We have been blessed by a relatively mild winter and an early Spring here in the Old Line State. Of course, March Madness drew our attention once again. How about the fantastic run by the Maryland Women's Terrapins basketball team? Everyone in Maryland was proud of them, and although we are no longer in the playoffs, we consider them to be champions.
At the Foundation, we are very close to hiring someone for the chief investment officer position. This past month, board and staff members interviewed four outstanding candidates, and as a result, we have narrowed the search to two finalists. This week, they will meet with Chancellor Kirwan and Foundation Chair Barry Gossett, after which a decision will be made. More to follow at a later date.
We are all excited to hear that UMES has announced the appointment of its new president, nationally reknown academic and leader Juliette Bell (see more below). We are proud to note that Board member and UMES alumnus Al Cornish chaired the search. I think you will all agree that the committee did an excellent job. We wish the best to UMES and Dr. Bell as that institution enters into a new era.
As always, please contact me at raley@usmd.edu with any questions or comments.
Sincerely,
Leonard R. Raley |
| Investment Performance through 2/29/2012 | | |
|
Endowment % |
S&P 500
% |
Composite Benchmark
% |
80/20
% |
60/40
% | |
Latest Month |
1.7% |
4.3% |
2.8% |
3.5% |
2.6% | |
CYTD 2012 |
5.1% |
9.0% |
6.9% |
7.3% |
5.7% | |
FYTD 2012 |
0.3% |
5.0% |
-0.5% |
5.5% |
6.0% | |
3 Yr AACR |
10.6% |
25.6% |
11.7% |
22.1% |
18.5% | |
5 Yr AACR |
1.7% |
1.6% |
-1.1% |
3.0% |
4.1% |
|
|
Campaign Progress | |
|
Institution |
Announced |
Goal |
2/29/2012 | |
Bowie |
11/08 |
$15M |
$9.5M | |
Coppin |
10/07 |
$15M |
$7.6M | |
Frostburg |
10/08 |
$15M |
$18.1M | |
Salisbury |
6/06 |
$35M |
$40.0M | |
Towson |
11/06 |
$50M |
$52.7M | |
UB |
3/09 |
$40M |
$42.6M | |
UMB |
10/07 |
$650M |
$551.0M | |
UMBC |
9/06 |
$100M |
$121.3M | |
UMCES |
11/07 |
$8M |
$6.7M | |
UMCP |
10/06 |
$1B |
$930.5M | |
UMES |
9/06 |
$14M |
$15.5M | |
UMUC |
2/08 |
$26M |
$28.2M | |
USM Federated |
- |
$1.7B |
$1.85B |
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Trends in Philanthropy | | |
CASE, Other Higher Ed Associations Launch Online Compliance Resource
Campus administrators and others charged with making sure their institutions comply with U.S. federal laws and regulations now have access to an online resource that aggregates compliance news and resources from 23 higher education associations. Read more.
Multimedia Tools Within Reach of Small Shops
With a little ingenuity and careful planning, communications and marketing professionals at small shops can make the most of today's multimedia storytelling tools and still stay within their tight budgets, say two CASE faculty members.
VSE Report: Increase in Giving is "Welcome News," CASE Says
Donors contributed $30.3 billion to higher education in 2010-11, according to the recently released results of the annual Voluntary Support of Education Survey. The 8.2 percent increase is welcome news, says CASE President John Lippincott.
U.S. Fundraisers Predict Steady Growth in 2012 Giving to Education
Results from a recently released survey of fundraisers at CASE-member institutions in the United States builds on the VSE findings with participants estimating that giving to their institutions increased in the 2011 calendar year and will continue to grow in 2012.
Report: U.S. Colleges, Universities See Increase in FY11 Endowment Returns
A recently released report shows that endowments at colleges and universities in the United States earned an average return of 19.2 percent during the 2011 fiscal year. This marks the second consecutive increase following a nearly 19 percent decline in fiscal year 2009. See article.
Mixed Signals on Charitable Deduction in President Obama's FY13 Budget
President Barack Obama's 2013 budget plan sends mixed messages as to whether the administration plans to limit or preserve the value of the charitable deduction. Read more.
CASE, Coalition Partners Ask Obama to Reconsider Charitable Deduction Cap Proposal
In a March 12 letter, CASE and 23 other organizations asked President Barack Obama to reconsider the proposed 28 percent cap on the charitable deduction included in his FY13 budget plan. The coalition also expressed support for the president's decision to preserve the charitable deduction in his "Buffet Rule" proposal. See more.
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Juliette B. Bell Appointed President of University of Maryland Eastern Shore | | 
Patricia S. Florestano, chair of the USM Board of Regents, has announced the appointment of Juliette B. Bell as president of the University of Maryland Eastern Shore (UMES). Bell is provost and vice president for academic affairs at Central State University in Wilberforce, Ohio. Her new appointment is effective July 1, 2012.
As Central State University's academic chief since August 2009, she is responsible for the institution's academic agenda, including improving student performance outcomes, developing new programs, and enhancing academic excellence. Prior to joining Central State, Bell was interim provost and vice chancellor for academic affairs at Winston-Salem State University.
A native of Talladega, Alabama, Bell was the first in her family to attend college, earning a bachelor's degree in chemistry from Talladega College. She earned her Ph.D. in chemistry with a biochemistry concentration from Atlanta University (now Clark-Atlanta University) and post-doctorate in biochemistry from the University of North Carolina at Chapel Hill. Following her post-doctoral fellowship, she worked as a senior staff fellow and as a research biologist at the National Institute of Environmental Health Sciences in Research Triangle Park, NC.
Bell is recognized as a strong advocate for increasing the number of minority scientists. She has dedicated much of her career to providing opportunities for students to participate in scientific research.
Bell will succeed Thelma B. Thompson, who stepped down as UMES president August 15, 2011. Since Thompson's departure, Mortimer Neufville has served as interim president and will continue in that position until Bell joins UMES in July.
See full press release here. |
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UB Raises $45 Million, Surpasses Capital Campaign Goal by $5 Million | |
Uniquely UB: The Campaign for the University of Baltimore, which kicked off in 2009, is ending with a new record for funds raised-$45 million. The campaign shattered the institution's previous record for fundraising, almost doubling the amount of funds raised in a single, distinct capital campaign and exceeding its $40 million goal by 12 percent.
Each of UB's four schools-the College of Public Affairs, the Merrick School of Business, the School of Law and the Yale Gordon College of Arts and Sciences-played a vital role in and will benefit from the campaign's success. More than 11,000 donors contributed to the campaign, with 32 percent of all gifts coming from first-time donors. More than 100 donors committed at least $25,000 each, while eight committed more than $1 million each.
The number of new scholarships and student awards at UB increased by 30, while additional financial support will go to fund study-abroad programs, student participation in academic competitions and new campus life activities coordinated through the University's Henry and Ruth Blaustein Rosenberg Center for Student Involvement.
"The tremendous success of UB's fundraising efforts is truly a cause for celebration. President Bogomolny and the entire UB 'family' have created a culture of philanthropy that will benefit the entire university-and the students it serves-with scholarships, professorships, and facility improvements that will benefit the University for years to come," said University System of Maryland Chancellor William E. Kirwan. "I also want to express my appreciation to Vernon Wright, who offered tremendous leadership in his role as campaign chair."
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| UM School of Nursing Receives Grant from CareFirst | |
CareFirst BlueCross BlueShield recently presented a check for $955,276 to the University of Maryland School of Nursing (UMSON) to fund a three-year grant in support of the Governor's Wellmobile Program. The check presentation took place Jan. 30 during ceremonies at UMSON.
The grant will fund primary care and enhanced care management for underserved and uninsured populations in Kent, Queen Anne's, and Talbot counties. Through partnerships and collaborations with health care systems, the goal of this model is to reduce unnecessary re-hospitalizations and emergency department utilization by filling the gap in the existing health care system infrastructure.
Administered by UMSON, the Wellmobile Program consists of nurse-managed traveling health clinics created by statute in 1994. The dual mission of the program is to provide health services for underserved communities and uninsured individuals and to serve as a training site for UMSON students. The public-private partnership had expanded to four vehicles but then shrank in 2009 due to economic pressure brought on by the recession. Budget cuts had reduced the program to one geographic region and smaller-scale, community- focused initiatives. See full press release. |
| USM News Briefs | | |
On February 29, the Tech Council of Maryland (TCM) honored Freeman Hrabowski, president of the University of Maryland, Baltimore County (UMBC), with its second annual Lifetime Achievement Award. Hrabowski was presented the award at TCM's Lifetime Achievement Black Tie Gala at the Bethesda North Marriott Hotel and Conference Center. "Freeman is extraordinarily deserving of this honor for his dedication to science, technology, engineering and math (STEM) education and for his efforts to increase the representation of minority students in STEM programs," said Art Jacoby, TCM's interim CEO. Last year, former Board of Regents Chair and USM Foundation Board member Cliff Kendall received the prestigious award.
The USM Board of Regents has announced the recipients of the 2012 USM Regents' Faculty Awards. The awards are the highest honor presented by the board to exemplary faculty members. Presented in four categories, the awards honor excellence in mentoring, public service, scholarship, and teaching. Each award carries a $1,000 prize provided by the institutions and the USM Foundation. See USM website for details.
After 15 years of wearing a mask and living as a recluse, a 37-year-old Virginia man disfigured in a gun accident got a new face, nose, teeth and jaw in what University of Maryland physicians say is the most extensive face transplant ever performed. The transplant team was led by Chief of Plastic Surgery Eduardo D. Rodriguez, M.D., D.D.S. See full story here.
With primary care expected to play a key role in national health care reform, the University of Maryland School of Medicine will be using a five-year, $877,000 grant from the federal Health Resources and Services Administration to develop a program aimed at increasing the number of medical students who choose primary care specialties. See more.
Bowie State University is now offering its Master of Science in Nursing degree program at the Southern Maryland Higher Education Center with the first classes to begin in Fall 2012. The program prepares professional nurses for family nurse practitioner roles. More here.
The Corporation for National and Community Service has honored Frostburg State University as a leader among institutions of higher education for their support of volunteering, service-learning and civic engagement.
FSU was admitted to the 2012 President's Higher Education Community Service Honor Roll for engaging its students, faculty and staff in meaningful service that achieves measurable results in the community.
Professional schools at the University of Maryland, College Park, the University of Maryland, Baltimore and the University of Baltimore are among the leaders in graduate school rankings published this week by U.S. News & World Report. See USM press release for details.
Two University of Maryland, College Park students have been awarded scholarships by the Barry M. Goldwater Scholarship and Excellence in Education Foundation, which encourages students to pursue advanced study and careers in the sciences, engineering and mathematics. UMCP juniors Harley Katz, a double major in astronomy and physics (College of Computer, Mathematical, and Natural Sciences), and Carlos Sebastian Casarez, a mechanical engineering (A. James Clark School of Engineering) major, were selected from 1,123 nominations for this award. Undergraduates Benjamyn Ward and Krzysztof Franaszek were recognized this year as honorable mentions. More on UMCP website.
Salisbury student Charles Overholt has received a Fulbright Scholarship to travel overseas to explore "Hessian Mercenaries and the German Reaction to the American Revolution" at the 485-year old Philipps-Universität in Marburg, Germany. Oberholt is SU's first Fulbright Scholar. Read full story here. |
| Staff News | | |
Amber Lighston has joined the USM as an administrative assistant. Amber is a recent graduate of the University of
Maryland, College Park. As a student, she worked at the Center for Health Equity and at the School of Public Health. She also interned at the Children's Rights Council, and the director later employed her as a part-time worker following the internship. Amber will be assisting with the office's special events and board relations functions.
DonJanell (Nell) Thomas joined the USM Office of Advancement in March as a prospect researcher to fill a position that opened when Sapna Jacob was promoted to Director of Research. Nell hails from Hampton Roads, Virginia. She received her bachelor's and master's degrees from Virginia Commonwealth University. At VCU, she worked as a prospect researcher as a graduate student and after graduation worked at Moving Virginia Forward under Governor Tim Kaine. She has also worked as a grants assistant at the State Council of Higher Education for Virginia. Nell recently relocated to the Washington Metro Area. She is an avid basketball fan who enjoys watching Kevin Garnett, her favorite player, and loves to travel. |
| In Memoriam | | |
Thomas E. Florestano, Ph.D.
Thomas E. Florestano, loving husband of USM Board of Regents Chair Patricia Florestano and long-serving former president of Anne Arundel Community College, died of Parkinson's disease complications March 31 at Ginger Cove Health Center. He was 79 and had lived in Annapolis.
Born in Annapolis, Florestano was an alumnus of the University of Maryland, College Park (UMCP) and a U.S. Army veteran.
He began his career in higher education administration after graduating in 1962 as UMCP assistant dean of student life and director of student activities. He also advised the Student Government Association, directed the freshman orientation and supervised graduate interns. In 1966, he resigned to work on his doctorate at UMCP and continued to work there as an academic adviser and in administrative positions. In 1969, he was named dean of continuing education for Anne Arundel Community College. He received his doctorate at UMCP in 1970 and he took a similar position as dean of evening and community education and summer school for Prince George's Community College in Largo.
Florestano was appointed president of Anne Arundel Community College in 1979. From 1979 to 1994, enrollment nearly tripled, from 13,128 to about 36,000. In 1994, when he retired from the college, he accepted a seat on the Anne Arundel County Board of Education. He received numerous community awards.
In addition to his wife of 51 years, survivors include a son, Thomas E. Florestano Jr.; a daughter, Leslie Florestano Peek; and his brother, Ernest Florestano. |
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Diana White
Editor
301-445-1999
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