|
Letter from the President
Dear Friends and Colleagues,
What a terrific summer it has been so far! Our last board meeting was at the University of Baltimore in the new John and Frances Angelos Law Center, where we had the opportunity to tour the stunning new building. We also reviewed our new strategic plan for the USM Foundation and charted a new path for the Foundation's future. And just this week, we launched the brand new design of our website. I encourage you to visit and explore: our new website is much more dynamic and we hope it provides a great more detail and insight to all the services the USM Foundation provides. I am also pleased to be able to share the final summary of our federated campaign. We have raised over $2 billion across the University System, with every school but one reaching or exceeding their goals. The University of Maryland, College Park raised over $1 billion, while the University of Maryland, Baltimore brought in over $650 million, making this the most successful and highest grossing campaign we have ever completed. Kudos to those of you who have played a role in making this happen! I'd also like to welcome Abby Coutant to our investment staff, and invite you to learn more about her below. With his first year as CIO behind him, Sam Gallo has instituted several exciting changes, including adding new strategic partnerships and strengthening the staff's ability to make certain investment decisions in close collaboration with our investment committee.
With summer fully underway, I know many of us are looking forward to renewed time with family and friends as we enjoy the good weather. It is my hope that when we next meet, we come back refreshed, relaxed, and ready for the upcoming academic year.
As always, please contact me at raley@usmd.edu with any questions or comments.
Sincerely,
Leonard R. Raley
|
|
|
Investment Performance Through 5/31/13
|
|
Endowment
|
S&P 500
|
Composite Benchmark
|
80/20
| |
May 2013
| 1.7% | 2.3% | -0.2% | 1.5% | | CYTD 2013 | 5.2% |
15.4%
| 3.5% | 12.0% | |
FYTD 2013
|
9.0%
| 22.2% |
9.3%
|
17.7%
| |
3 Yr AACR
|
9.0%
| 16.9% |
8.0%
|
14.5%
| |
5 Yr AACR
|
1.4%
| 5.4% |
-2.4%
|
5.8%
|
|
|
The New USMF Website is Now Live!
We are pleased to announce the release of our new website, designed with a fresh new look and user-friendly navigation. We wanted to make it clear to visitors what the USM Foundation does, who we serve, and the various roles we play. We also wanted to make it a fully interactive site that would enable our board members to access their meeting materials, our campus administrators to submit forms, and encourage visitors to come back and see what news and events we have to share. Many of the new features we've implemented evolved from feedback and suggestions from clients and staff.
We hope you will enjoy browsing our new site at www.usmf.org, and we encourage you to play around and explore.
|
Francis S. Soistman Named Head of Government Services for Aetna Health Insurance
 Board Member Francis S. Soistman has been named leader of Aetna's government services after running its Medicare business. He had helped oversee the Medicare components of the Coventry Health care acquisition, as well as the 2014 Medicare bids for Aetna and Coventry. Prior to joining Aetna, Soistman was a co-founder of the health care management firm, Jessamine Healthcare. He also held leadership roles at Coventry Health Care, and led Coventry to becoming one of the five largest Medicare Advantage and Part D plan sponsors in the nation.
Congratulations, Fran!
|
|
USM Names its Entrepreneurs of the Year
The USM Board of Regents honored three faculty members with the inaugural USM Board of Regents Entrepreneur of the Year Award on May 14. Neil Goldsman and Martin Peckerar, professors in the Department of Electrical and Computer Engineering at the University of Maryland, College Park were honored for their work with FlexEl, LLC. They developed a thin-film battery prototype designed to respond to the need for power-efficient electronic devices in a variety of applications. Scott Strome, a professor and chair at the University of Maryland School of Medicine, was recognized for his contributions to Gliknik, Inc., a biopharmaceutical company that creates new therapies for patients with cancer and auto-immune disorders. The award ceremony and reception was held in the new John and Frances Angelos Law Center at the University of Baltimore.
The USM Foundation and Advancement staff helped organized and support the event. Please click here to read more about our winners and watch their videos.
|
In Memoriam, Richard E. Hug
We are sad to share news that long-time director of our board and former Regent Richard E. Hug passed away in May. Dick joined the Foundation in 2002 and was an active and thoughtful director who served on the Executive Committee. As a Regent, his help in  securing support for the University System of Maryland was immeasurable, and his passion for advancing the quality of higher education in this state was profound. Dick was an active alumnus of Duke University who demonstrated a commitment to Maryland's higher education institutions repeatedly over the last decade.
We are grateful to all the wonderful work Dick led here at the USM Foundation and we will miss him terribly.
|
|
Guerrieri Family Foundation Announces $8 Million Gift to Salisbury University
 One of the Eastern Shore's leading philanthropies, the Guerrieri Family Foundation, has committed an $8 million gift for the construction of a new Academic Commons, including a state-of-the-art library, at Salisbury University. This is one of the largest private donations for a capital project in the campus' history. The gift was made in memory of Patricia R. Guerrieri, an SU alumna for whom the complex will be named.
|
|
|
|
|
USM News Briefs
The charter class of UMES' School of Pharmacy graduated on May 17, with 57 students receiving a doctor of pharmacy degree. The commencement ceremony for the first class of pharmacy students marks a decade-long effort to expand the university's ability to educate health care professionals.
Coppin Breaks Ground for Construction of Science and Technology Center
Coppin State University moved forward with their plan to offer students more in-depth studies in science, technology, engineering and mathematics.
Community members and elected officials gathered to break ground on a 150,332-square-foot facility that will operate as the Science and Technology Center.
|
|
Trends in Philanthropy
Giving to U.S. Education Grew in 2012
Charitable giving to educational institutions in the United States increased nearly 2% from 2011 to 2012, according to the 2012 Charitable Giving Report from Blackbaud. When it came to online giving, educational organizations outperformed all other nonprofit sectors in 2012 with an increase of nearly 18%.
Most Large Gifts Come from Local Donors
A new report reveals that 60% of $1 million+ gifts come from donors who live in the same state or geographic region as the nonprofit or foundation that receives the contribution. A Decade of Million Dollar Gifts examined gifts made between 2000-2011 and determined higher education institutions, among other organizations, received more than half of their largest gifts from donors in the same states.
|
|
Board Member News
USM Foundation Board of Directors Chairman Barry Gossett has been named to the Board of Directors of the University of Maryland Medical System. He brings with him a half century of experience in business development, philanthropic leadership and customer service, which has been greatly beneficial to us here at the USM Foundation. Congratulations, Barry!
|
|
Staff Member News
Abby Coutant has joined our Investment Office as Operations Manager. Abby comes to us from New York, where she previously worked as the Office and Contract Manager for RWE Trading Americas, Inc. She double majored in Mass Communication and Business at Taylor University in Upland, Indiana. Abby has close ties to our USM Foundation board as she previously worked as Neil Moskowitz's former Executive Assistant.
|
|
