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LeaderNotes

A newsletter for Foundation Directors and friends of higher education in Maryland
In This Issue
Investment Performance
Campaign Progress
Trends in Philanthropy
UB Law Receives $250K
USM News Briefs
Staff News
Quick Links
Volume 6, Number 3Summer 2012
Dear Friends and Colleagues,

 

We are very pleased to announce the appointment of Sam Gallo as our new chief investment officer (see article for bio). Sam will be coming to us from PricewaterhouseCoopers where he is currently a managing director. I wish to express my thanks to David Saunders and the entire Investment Committee for their good work with this search. Also, our appreciation goes to Charles Skorina, our San Francisco-based executive search consultant, who did a very good job in identifying candidates and managing the search process. Kevin Dalmut, Tom English, and Carrie Browne have done an outstanding job of "holding down the fort" during the transition, and a special thanks also to board member Neil Moskowitz, who provided leadership in an interim CIO consulting role.

 

Speaking of Kevin Dalmut, we have a rising star in our midst - In May, Kevin was named to the "Forty under [Mostly] Forty" by Asset International CIO Magazine. Kudos to Kevin for receiving this distinguished honor.

 

This month sadly has also proved to be one of partings: We have learned of the resignations of three of our vice presidents: Sue Gladhill of the University of Maryland, Baltimore (UMB); Gains Hawkins at the University of Maryland Eastern Shore (UMES); and B.J. Davisson at Frostburg State University (FSU). In addition, we will soon bid farewell to Brodie Remington at the University of Maryland, College Park, who announced his departure last fall.

 

Sue is concluding a 32-year career at UMB. Starting at UMB as an instructor of social work, she moved into government relations and ultimately was named Chief Government Affairs and Communications Officer and Vice President. Under her leadership, Sue successfully raised funds and cleared the path for a number of buildings on the campus, and she established an institutionally-related foundation which has assets of just under $200 million at this time. Sue has overseen a successful major campaign that will raise at least $650 million by the end of this year. We are all very sad to see Sue retire but we know that, given her substantial talents, she has many opportunities lying ahead of her.

 

This spring, B.J. announced that he is leaving Frostburg to take a position at George Washington University. B.J. has done so much while at Frostburg, and his departure will truly be mourned. He led the campus not only to successfully completing its campaign, but exceeding the $15 million goal by more than $1 million.  He also strengthened the foundation board, worked with staff to raise the sights of the Frostburg program, and put structures in place for the next campaign. While we hate to see him go, we wish B.J. the best in his new role.

 

Gains is retiring after nine years at UMES. Like B.J., Gains has built a strong program from smaller beginnings and has led the institution to successfully complete -- and exceed -- its campaign goal of $14 million (total raised to-date is $15.6 million). During his tenure, he secured the largest gift ever to UMES -- $3 million from Richard Hazel. We wish Gains the best for a long and rewarding retirement.

 

And finally, while I've already written about Brodie in a previous message, I cannot finish this note without emphasizing the value of the long and productive professional partnership that we have enjoyed over the years. Under his leadership over the past 12 years, the University of Maryland, College Park raised $1.2 billion - an average of $100 million per year! College Park is currently close to completing its $1 billion campaign, with $935.3 million raised through March of this year. Brodie will be missed by colleagues and donors alike, and we hope that we will see him from time to time after his departure.

 

I have personally enjoyed working with each of the vice presidents, and we are grateful for their tremendous contributions to the betterment of their respective campuses.

 

As always, please contact me at [email protected] with any questions or comments.
  
Sincerely,
  
Leonard R. Raley
Investment Performance through 3/31/2012

 

Endowment %

S&P 500

%

Composite Benchmark

%

80/20

%

60/40

%

Latest Month

0.2%

3.3%

0.2%

2.5%

1.8%

CYTD 2012

5.3%

12.6%

7.1%

9.1%

7.7%

FYTD 2012

0.5%

8.4%

-0.3%

7.2%

7.9%

3 Yr AACR

11.5%

23.4%

10.9%

19.9%

17.1%

5 Yr AACR

1.0%

2.0%

-1.4%

3.1%

4.4%

Campaign Progress
 

Institution

Announced

Goal

3/31/2012

Bowie

11/08

$15M

$9.5M

Coppin

10/07

$15M

$7.6M

Frostburg

10/08

$15M

$18.1M

Salisbury

6/06

$35M

$40.4M

Towson

11/06

$50M

$54.0M

UB

3/09

$40M

$42.8M

UMB

10/07

$650M

$558.0M

UMBC

9/06

$100M

$121.4M

UMCES

11/07

$8M

$6.7M

UMCP

10/06

$1B

$935.3M 

UMES

9/06

$14M

$15.6M 

UMUC

2/08

$26M

$28.2M 

USM Federated

 -

 $1.7B

  $1.86B

 

Trends in Philanthropy - May 2012 CASE Updates

Mobile on Track to Surpass PC Traffic
Use of smart phones, tablets and other mobile devices is growing rapidly with mobile traffic set to surpass PC traffic by 2015. As this growth continues, educational institutions will need to make mobile adoption a high priority, says a communications expert speaking during a session at the recent CASE Social Media Conference in Chicago.

Read more

 

Dollars Up, Donors Down for Higher Ed Fundraising in U.S.

Giving to higher education increased while the number of donors decreased in fiscal year 2011, according to a survey of more than 100 public and private institutions in the United States.

Read more

 

Board Member Engagement Key for Fundraising
Board development and engagement are hot topics for higher education and independent school advancement professionals because most will likely work with board members at some point during their careers. Board member engagement is important in part because board members who have a positive experience are more likely to make larger gifts to the institution.

Read more

DLA Piper Donates $250,000 toward New University of Baltimore Law Building

DLA Piper is donating $250,000 toward the construction of the new law school building at the University of Baltimore.

 

The firm's donation will fund a wall of cascading water in the building's outdoor garden and a waterfall in the lobby of the $107 million John and Frances Angelos Law Center building being built at Charles Street and Mt. Royal Avenue. For more, see Baltimore Sun article.

 

USM News Briefs

Frostburg State University has received final approval to offer a Doctor of Education in Educational Leadership, with the first students to begin studies in the fall. This applied doctoral program is FSU's first, the culmination of more than three years of work by the FSU faculty and administration.

 

Towson University's alumni magazine, Towson, featured an article about its new president, Maravene Loeschke, in its spring edition. See the article online.

 

U.S. Rep. Elijah Cummings recently joined Sen. Barbara Mikulski and Sen. Benjamin Cardin at a forum on children's dental health care at the University of Maryland Francis King Carey School of Law. The forum honored the memory of Deamonte Driver, whose death at the age of 12 in 2007 from an untreated infected tooth spurred the School of Dentistry to lead a campaign to extend dental health care to underserved people across the state.
 
Dr. Allen Place, a professor and biochemist with the Institute of Marine and Environmental Technology, has been honored by the University of Maryland Center for Environmental Science with the President's Award for Science Application. Place was recognized for his biological research that takes diverse approaches to address many practical problems, from the causes of toxic algal blooms and ways they can be controlled to formulating sustainable foods used to cultivate fish in aquaculture. See more.

 

Former Redskins quarterback Doug Williams, the first and only black player in his position to win a Super Bowl (1988), joins the roster of sports celebrities participating in the 2012 Art Shell University of Maryland Eastern Shore (UMES) Celebrity Golf Classic on June 13 in Westover, Md. Shell, a professional football Hall-of-Famer and UMES alumnus, enlists the help of former athletes willing to lend a hand in raising scholarship funds for the university's athletic and PGA-accredited professional golf management programs. For more information, see the UMES website.

 

For more than four decades, Tom Horton has been a driving environmental force in Maryland and the Chesapeake Bay.

Maryland Public Television recently honored Horton, adjunct faculty in Salisbury University's Environmental Studies Program and English Department, with its prestigious Outdoors Maryland Award for Stewardship of the Environment. Read more on the university webpage.

 

Bowie State University will host its Alumni Day on Saturday, June 23rd. For more information, see the event page or call the Office of Alumni Relations at 301-860-4327.

Staff News

Samuel N. Gallo will join the USM Foundation as the chief investment officer effective July 1. His appointment comes after an extensive search.

 

Sam was previously managing director at PricewaterhouseCoopers (PwC), where he assisted asset managers and institutional investors on achieving industry best practices.  

  

Sam earned separate B.S. degrees with high honors in both Accounting and Finance from the University of Illinois at Urbana-Champaign. He is a former member of the University of Illinois Board of Trustees and was the first student trustee in the university's history to receive full voting privileges on the school's board.

Diana White
Editor
301-445-1999