LeaderNotes
A newsletter for Foundation directors and friends of higher education in Maryland

Letter from the President
 

Dear Friends and Colleagues,

 

It has taken a while, but it seems spring has finally sprung! The past few months has allowed staff and many of our board members to contemplate an exciting future for the USM Foundation as we work on our new strategic plan. At the same time, we have been revamping our website and other communications to more effectively keep our constituencies better connected to what we do. The June 14th board meeting will be an exciting one with the launch of our new website and approval of our new strategic plan. The University of Baltimore will be hosting us in their new John and Frances Angelos Law Center.

We experienced tremendous strides in advancing the mission and needs of the USM at the Maryland General Assembly's 2013 Legislative Session, which ended on April 8. Governor O'Malley 
submitted a budget that contained increases of more than $80 million for the USM, which will help support funding in vital areas of state and USM needs, including: technology transfer and commercialization; the use of technology in transforming academic instruction; and courses in science, technology, engineering and math (STEM). 

 

With the passage of the FY 2014 budget, Governor O'Malley and the General Assembly have reaffirmed their commitment to keep Maryland's public universities affordable, accessible, accountable, and of the highest quality. We have a remarkable team of individuals throughout the System - from our Office of Government Relations to the state legislative officials from each USM institution to our faculty and students - who played a role in drawing attention to the USM's needs and they should all be commended for their successful work. Additionally, our Advocacy Committee members deserve many thanks for taking the time to give voice to our needs. Thank you to all of those who supported the USM during the legislative session. 

Finally, I am thrilled to share with you that Towson University will be awarding me its Distinguished Alumni Award on May 9. I am a very proud Towson graduate - my time at Towson truly transformed my life and words can't do justice to how much this award means to me and my family. 

Here is hoping that as this academic year winds down, there is time to reflect on best practices for the year and to establish new patterns for the coming year.

 

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

  

Sincerely,

  

Leonard R. Raley

Investment Performance Through 2/28/13
 

 

Endowment 

S&P 500

Composite Benchmark 

80/20

February 2013
-0.3% 1.4% -0.4% 1.2% 
CYTD 20131.5%
6.6%
1.7%5.2%

FYTD 2013

5.2% 

13.0%

7.4% 

10.6% 

3 Yr AACR

8.2% 

13.5% 

6.3% 

12.1% 

5 Yr AACR

-0.5% 

 4.9%

-1.8% 

5.4% 

 

Martin O'Malley USM

USM Students and Supporters Visit Annapolis, Encourage Governor O'Malley and Lawmakers to Invest in the USM

President Leonard Raley Named Recipient of Towson University's Distinguished Alumni Award 

 

The Distinguished Alumni and Deans Recognition ceremony is an important tradition in Towson University's history. The Distinguished Alumni Award was established in 1958 to honor alumni for outstanding achievements in their profession and community. The tradition of the Deans Recognition Awards was established in 1997 to further recognize individuals who, through either their personal or professional achievements, have brought recognition and pride to their alma mater. The related endowment provides needed financial support to deserving students. 

 

President and CEO Raley is the sole recipient of the 2013 Distinguished Alumni Award. The award will be presented at a ceremony at Towson University on Thursday, May 9.

University of Baltimore Celebrates the Grand Opening of the John and Frances Angelos Law Center
 

The University of Baltimore's John and Frances Angelos Law Center rises twelve stories high in downtown Baltimore. The building opening was held on April 16, with Vice President Joe Biden in attendance. The grand opening will be held on April 30, and will feature U.S. Supreme Court Justice Elena Kagan. The building is named for the parents of major donor and law school alumnus, Orioles owner Peter G. Angelos, who has contributed $15 million to the building and played a significant role in leading the capital campaign. The building will house the University of Baltimore's law school, related law centers, 15 classrooms, 29 study spaces, a 32,000-square-foot library, and 300-seat courtroom and event space.

USMF Board Member Kenneth Bedingfield Named VP at Northrop Grumman

 

Kenneth Bedingfield, one of the USM Foundation's board members, has been named vice president of business management and chief financial officer for its Aerospace Systems sector at Northrop Grumman. In his new role, Bedingfield will lead business management at the Aerospace Systems sector and ensure the integration of sector financial and business strategies in support of corporate objectives. His new role has taken Ken to California to assume his responsibilities. Congratulations, Ken!

 

Click here to read more about his new role.

Staff Member Kevin Dalmut is one of Asset International CIO Magazine's 40 Under 40!

 

The USM Foundation is proud to announce that Kevin Dalmut has made aiCIO Magazine's "Top 40 Under 40" list for the second year running!

 

The 40 Under 40 list highlights rising talent within the investment world, awarding this distinction to investment professionals who demonstrate advanced knowledge, skills, and thought leadership. Since joining the USM Foundation in 2008, Kevin has researched and recommended investment managers for inclusion within the USM Foundation's endowment and operating funds, improved the operations of the investment office, and assisted in overseeing day-to-day portfolio management with board member Neil Moskowitz during the Foundation's year-long search for a new chief investment officer.

 

Recognizing his professional growth and valuable contributions, the USM Foundation recently promoted Kevin to Director of Private Market Investments. The USM Foundation is thrilled that Kevin is consistently recognized by his peers for his outstanding work! We happen to agree that he is a Top 40 Under 40.

Happy Anniversary, MPowering the State! 

One year ago, the USM Board of Regents created a joint initiative to use the resources of the University of Maryland, College Park, and the University of Maryland, Baltimore. The initiative was designed to better serve students, attract more exceptional faculty and researchers, and boost research, technology transfer and commercialization. Some of the achievements MPowering the State has recognized in the last year are the creation of UM Ventures; a collaborative school of public health; a new center for health-related informatics and bioimaging; and more. In just one year, the initiative has already produced significant results creating new business partnerships and jobs.

Click here to read more about MPowering the State's achievements in its first year.

Salisbury University Foundation Welcomes Two New Board Members

 

Salisbury alumnus Timothy Miller and community member Michele Thomas have both joined the Salisbury University Foundation Board of Directors. Miller graduated in 1991 with a B.A. in liberal studies and a minor in marketing management, which he has used to revitalize the once-defunct National Premium beer brand and as a realtor in Easton. Thomas is vice president of business development at the Bank of Delmarva and follows in her husband's footsteps - a past Foundation Board chair - in lending support to Salisbury. Both have long personal and professional ties to the University, and their collective business experience make them exemplary individuals to serve on the Salisbury University Foundation Board.

April 2013
Vol. 7, Iss. 2
In This Issue
Investment Performance
President Raley Receives Towson's Distinguished Alumni Award
UB Opens Law Center
Ken Bedingfield Named VP at Northrop Grumman
Kevin Dalmut Named One of aiCIO's 40 Under 40
Happy Anniversary, MPowering the State!
Frostburg Foundation Welcomes New Board Members
USM News Briefs
Trends in Philanthropy
Board Member News
USM News Briefs   

 

 

The University of Maryland, College Park and two other East Coast schools will share $3.75 million from the National Science Foundation to develop a regional hub for turning university research by faculty and students into marketable products and services. The program will teach about entrepreneurship, the product life cycle, building prototypes and creating scalable business models.  

 

 

The new certificate program will be a full-time program that teaches specialized technical skills to those who wish to work in entry-level cyber security jobs. The UMBC Cybersecurity Academy, part of the UMBC Training Centers, is also looking to expand by offering a certificate program in cyber development. 
  


Professor Judy O'Neil of the UMCES Horn Point Laboratory is one of the leaders of the U.S.- Australia Virtual Environmental Partnership, designed to promote science education and raise awareness of environmental issues. This virtual environmental partnership will create a web platform between Australian and American high school students.

Trends in Philanthropy 


After years of economic stress, many nonprofit organizations are changing the way they do business in order to adapt to new economic realities. According to the Nonprofit Finance Fund's 2013 State of the Nonprofit Sector Survey, 49% of the responding nonprofits said they added or expanded their programs or services, while 17% reduced or eliminated programs or services; 39% collaborated with another organization to improve or expand services; 39% upgraded technology to improve organizational efficiency; and 36% engaged more closely with their boards.

 

 


The Obama administration's budget plan for the 2014 fiscal year is expected to include a 28% cap on tax deductions for the wealthy, according to the Wall Street Journal. Many organizations potentially affected by such a cap have spoken out against the cap, and nonprofit leaders warn that such a cap would reduce charitable giving by an estimated $9 billion annually. 

 

 

Report Shows "Strong" Relationship between Education, Economic Prosperity

 

Results from a recent research report by A Matter of Degrees reveal a strong relationship between education and a region's economic prosperity, providing a "compelling argument for strategic investments in higher education." Some of the key discoveries were that education increases regional prosperity; better educated workers equals bigger benefits; and clusters count for higher level degrees and skill. The study recommends making higher education more affordable and accessible; increasing higher education graduation rates; and strengthening coordination between industries and higher education institutions.

Board Member News 

 

USM Regent and USMF Board Director Linda Gooden will be inducted into the Inaugural Class of the Baltimore Washington Corridor Chamber (BWCC) Business Hall of Fame. She will be recognized at the BWCC's 66
th Annual Meeting and Visionary Leadership Award Luncheon on April 25. Congratulations, Linda!

 

 
The U.S. Small Business Administration's Baltimore District Office named USMF Board Director Eric E. McLauchlin, Esq. of Shaffer, McLauchlin & Stover as the 2013 Maryland Attorney Advocate of the Year. Eric was honored at the 29th
Annual Maryland Small Business Week on April 19. Congratulations, Eric! 

 

 

Jess Gill

Editor, LeaderNotes

301-445-2743

jgill@usmd.edu