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

Letter from the President

Dear Friends and Colleagues,


It has been a rewarding fall season, with a number of substantial gifts donated to our campuses. We are quickly approaching the season of giving and our donors have caught the spirit. 


At the USM Foundation, we have been taking the time to support the work of those who give back to our community. We recently sponsored the Montgomery County Business Hall of Fame Luncheon, held at The Universities at Shady Grove, which raises scholarships funds for USG students. We also sponsored the Association for Fundraising Professionals' National Philanthropy Day. Events such as these allow us to connect with our donors and friends in a way that is meaningful, educational, and reflective of the work being done.


As we move toward Thanksgiving, we will certainly be giving thanks for all the generosity our friends, colleagues, and donors have shown us in good times and bad. As always, please contact me at raley@usmd.edu with any questions or comments.




Leonard R. Raley

Investment Performance Through 9/30/13



S&P 500

Composite Benchmark 


September 2013
 2.0%3.1% 2.8% 2.7% 
CYTD 20135.9%
7.2% 15.2% 

FYTD 2014
















Chancellor Kirwan Named Co-Chair of the Task Force on Higher Education Federal Regulations


The U.S. Senate Education Committee announced the formation of a Task Force on Higher Education Regulations and named Chancellor Kirwan as co-chair. Along with Chancellor Nick Zeppos from Vanderbilt, Kirwan will lead a group of fourteen presidents and chancellors from across the country to examine federal regulations of higher education and make recommendations to streamline and improve these regulations. They will be taken into consideration as Congress takes up the reauthorization of the Higher Education Act. 


Congratulations, Brit!

Ratcliffe Foundation Donates $1 Million for Innovative Entrepreneurial Program at Salisbury University


With an eye to bolstering employment, the Baltimore-based Philip E. and Carole R. Ratcliffe Foundation has committed $1 million to the Franklin P. Perdue School of Business at Salisbury University. Over a five-year period, the foundation will offer as much as $200,000 annually to entrepreneurs working to create startups. The foundation hopes to have new businesses opening within six months with the potential of employing five or more within the year. The program is open primarily to two- and four-year college graduates residing in the Mid-Atlantic region.

On the heels of graduating the first class of students in its PGA Golf Management program, UMES received a half million dollar donation to help provide scholarships to students in the program. Gifted by Baltimore businessman Carnelious Jones, the donation is intended to underwrite financial aid for students pursuing careers across the golf industry. UMES is one of twenty higher education institutions offering such a program, and the first historically black college to do so. 

GoDaddy Founder Gives $1 Million to the University of Baltimore


Bob Parsons, a UB alumnus and founder and executive chairman of GoDaddy, made a $1 million gift to establish The Bob Parsons Veterans Center at the University of Baltimore. Parsons attended UB on the G.I. Bill after returning from Vietnam. The Center will address veterans' needs, including academic advising, financial aid guidance and veterans benefits, and career counseling through graduation and beyond and the Center will also launch the Parsons Veterans Psychology Clinic. 

James Patterson Pledges Scholarships for Towson University Education Majors


James Patterson, the prolific author of more than 67 New York Times bestsellers, has pledged to provide eight scholarships of $6,000 to incoming education freshmen. Patterson has established education scholarships at approximately a dozen other institutions and his gift to Towson was pledged due to Towson's longstanding history of excellence in teacher preparation. The inaugural Towson University James Patterson Scholars will be chosen this fall. 

Montgomery County Business Hall of Fame


The USM Foundation was one of multiple sponsors for the Montgomery County Business Hall of Fame Induction Ceremony, held on Tuesday, October 29th. The event brought together top leaders in the local business community, as well as state leadership. This year's inductees were Sol Graham, CEO, Quality Biological; John S. Hendricks, Executive Chairman, Discovery Communications; Carmen Ortiz Larsen, CEO, AQUAS, Inc.; Ray Schoenke, Former CEO, Schoenke & Associates; and James A. Soltesz, PE, President & CEO, SOLTESZ.


All proceeds went to scholarship programs at the Universities at Shady Grove. 

November 2013
Vol. 7, Iss. 5
In This Issue
Investment Performance
Chancellor Named Co-Chair of Task Force
Ratcliffe Foundation Donates $1 Million to SU
UMES Announces "Fore" New Scholarships
GoDaddy Founder Gives UB $1 Million
James Patterson Scholarships at Towson University
Montgomery County Business Hall of Fame
USM News Briefs
Trends in Philanthropy
Board Member News
Staff Member News
USM News Briefs   
UMB School of Pharmacy Unveils the Ellen H. Yankellow Grand Atrium

The reception recognized Yankellow's recent gift of $1.1 million to the School and will be used toward a first-of-its kind fellowship designed to capture health outcomes and economic data about the value of clinical pharmacy services. A portion of the money will also benefit an unrestricted-giving fund.

UMCP Launches Shelley-Godwin Archive


UMCP partnered with the New York Public Library and the Bodleian Library to digitize original Shelley family manuscripts, starting with Mary Shelley's iconic Frankenstein. The archive will make the documents accessible in one place and will include works by several British writers. 


Trends in Philanthropy 

Wealthy Individuals Want Better Giving Advice

Wealthy donors are not receiving the kind of philanthropic counsel they would like from their financial advisors, says a new study by the U.S. Trust. Many advisers focus on the importance of tax benefits as a motive for giving rather than the donor's charitable goals and personal interest in philanthropy. 

Giving by Domestic Foundations Continues to Grow

A new study from the Foundation Center found that giving by domestic foundations continued to grow at a moderate pace in 2011 and 2012. The report also found that health and education were the top priorities of the country's largest foundations, accounting for almost half of all grant dollars.


Board Member News 


USM Foundation Board Member William Couper was recently named to the
Washingtonian's 2013 Business Hall of Fame. His 40+ years in banking and philanthropic culture are highlighted in the article.
Congratulations, Bill! 
Staff Member News


Nathalie Cunningham has joined our Investment Office as Director of Public Markets. Nathalie comes to us from New York, where she spent the past eleven years as a partner, portfolio manager, and director of research at Terrapin Asset Management. She received an M.B.A from the Stern School of Business at New York University and a B.A. from McGill University. 


Welcome, Nathalie! 

Jess Gill

Editor, LeaderNotes