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

Letter from the President

Dear Friends and Colleagues,


With the closing of March comes the hope that spring is right around the corner.  March is the height of our legislative season and Brit and his team have been hard at work to maintain support for higher education in Annapolis. We had a great experience with our advocacy committee meeting with state legislators to help support the USM's initiatives, budget, and priorities.

This month, we were privileged to announce three new additions to our Board of Directors, but we also had to share the sad news of the loss of one of our members. Bill Gust joined our board in 2007, and he had been a valuable member of the USM Foundation. I always enjoyed hearing him talk about his passion for Terps basketball and I will greatly miss him, his dedication to our board, and our wonderful discussions.

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




Leonard R. Raley

Investment Performance Through 1/31/14



S&P 500

Composite Benchmark 


January 2014
-1.2% -3.5% -1.3% -2.5% 
CYTD 2014-1.2% 
-1.3% -2.5% 

FYTD 2014











8.6 %




In Memoriam, William M. Gust

We are sad to share news that William M. Gust, one of our board directors, passed away earlier this month. Bill joined the Foundation in 2007 and served on the Audit and Spending Policy Committees during his term. We all thought very highly of Bill and are grateful for his valuable service.

His commitment to the USM Foundation and the USM was unparalleled and we were lucky to have had him in our corner for all the years he supported our board. We will miss him terribly.

USM Foundation Advocacy Committee Members Visit Annapolis to Support the USM's Budget and Priorities

On Tuesday, February 25th, several of our USM Foundation Advocacy Committee members visited Annapolis with our vice chancellor for government relations, P.J. Hogan. They met with state legislators to discuss the USM's budget and priorities to help advance the System's goals set in its strategic plan. Special thanks to those of you who visited on our behalf!


Click here to read the various legislative testimony provided by Chancellor Brit Kirwan. 

Frostburg State University's Police Scholarship Fund Celebrates Legacy and Future of Law Enforcement 


Frostburg State University offers a fairly unique scholarship to students seeking a career in law enforcement - one developed by a former FSU police captain. With the help of his fellow law enforcement officers, Bill Stewart was able to help build a scholarship fund to give back to the university and help train future FSU police officers, local law enforcement officials, and alumni employed in the field. The community has raised $16,621 for the scholarship. Students will be able to take advantage of the scholarship to pursue studies in their field of choice, thanks to the generosity of their local law enforcement community.

March 2014
Vol. 8, Iss. 3
In This Issue
Investment Performance
In Memoriam, William M. Gust
USMF Board Directors Advocate for the USM!
FSU Announces Police Scholarship Fund
USM News Briefs
Trends in Philanthropy
Board Member News
USM News Briefs   



Trends in Philanthropy 

Bitcoins: The Future of Charitable Giving?


The University of Puget Sound received a $10,000 Bitcoin donation that could be the first to a college in the United States. The digital currency was transferred to the university last week and converted into dollars using the e-commerce processor BitPay. With the rise of bitcoin and digital currency, it may be a good time to explore new avenues for fundraising. 


Board Member News 


We welcomed three new board members to our ranks over the last few months: Anirban Basu, chairman and CEO of Sage Policy Group, Bruce Richards, co-founder and CEO of Marathon Asset Management, and Linda Ellen Jones, executive vice president at Riggs, Counselman, Michaels & Downes, Inc. We are thrilled to have three new individuals with such wide and deep-ranging experiences. 
Welcome to our new board members! We look forward to seeing you at our next meeting on June 13th. 

Jess Gill

Editor, LeaderNotes