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Letter from the President
Dear Friends and Colleagues,
It was a pleasure to see so many familiar faces at our February 21st board meeting. The University of Maryland graciously hosted us at the Riggs Alumni Center. M.J. Bishop, director of the Center for Innovation and Excellence in Learning and Teaching (CIELT) was our featured speaker, and she gave a wonderful presentation on the importance of this new center and what it means for the future of the USM.
During my president's report, I provided an update on the
implementation of Senate Bill 431, which allows the USM to invest a small portion of its fund balance with the USM Foundation to generate spendable income in support of campus fundraising programs. Each USM institution can commit a portion of its fund balance to the quasi-endowment, relative to its size within the System, provided they sign up by May 1st. We also welcomed Linda Ellen Jones to our Board of Directors. Linda comes to us from the insurance industry and I believe she will make an excellent addition to our board.
Recently, Chancellor Kirwan hosted two luncheons to introduce Coppin State University President Neufville to members of the Baltimore business community. Both events provided a platform for the chancellor and president to discuss changes at Coppin and increase engagement from the Baltimore business community. We hosted more than two dozen people at each event.
As always, if you have any questions or comments, please contact me at raley@usmd.edu.
Sincerely,
Leonard R. Raley
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Investment Performance Through 12/31/13
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Endowment
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S&P 500
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Composite Benchmark
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80/20
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December 2013
| 1.5% | 2.5% | 1.5% | 1.9% | | CYTD 2013 | 10.7% |
32.4%
| 12.5% | 24.8% | |
FYTD 2014
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7.2%
| 16.3% |
9.5%
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13.0%
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3 Yr AACR
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6.9%
| 16.2% |
7.0%
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13.6%
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5 Yr AACR
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8.9%
| 17.9% |
7.2%
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15.4%
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Towson University Names Inaugural Patterson Scholars
 Towson University has named the first eight recipients of a scholarship for future educators given by internationally renowned author James Patterson. The author had found Towson University in his own research into institutions that graduate outstanding educators, based on their history of teacher development and reading education.
The scholarships give each student $6,000 per year, as long as they remain intent on being teachers and maintain the academic and behavioral standards set forth by university policy.
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University of Maryland, College Park Receives $500,000 Grant from the National Italian American Foundation (NIAF)
 The Department of Classics was chosen for their work on "Between Washington and Ancient Rome: The NIAF Pellegri Program on Roman Antiquity and Its Legacy in America." The grant will support the study of the Latin language, ancient Roman archeology, and ancient Roman civilization; and offer opportunities for students to study abroad, conduct research, and pursue fellowships in the United States and Italy. This is the largest single grant to a university in the NIAF's history.
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Allegany County Commissioners voted to establish the Allegany County Opportunity Scholarship Fund to benefit county residents attending Allegany College of Maryland or Frostburg State University. Funds for the scholarships will be provided from a portion of the revenue generated by video lottery machines at Rocky Gap Casino Resort.
In a letter to the editor of the Cumberland Times-News, Chancellor William E. Kirwan and Board of Regents Chairman James L. Shea lauded the move and stated that they are "hopeful that this innovative policy approach to parlay casino revenues in support of educational attainment and workforce development is adopted across the state and nation as a model plan."
The scholarships will be administered through each institution's respective foundation, with the first awards to be made in Fall 2014.
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February 2014
Vol. 8, Iss. 2
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USM News Briefs
Coppin's chief of police, Leonard Hamm, will be delivering lectures and real world knowledge in his criminal procedure and intro to criminal justice courses this spring. Along with officers, community partners, and students both in and out of the classroom, Hamm is helping to develop a new narrative on campus safety at Coppin, which has emerged as a key partner in Baltimore City's efforts to prevent and reduce violent crime and recidivism.
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Trends in Philanthropy
Female Philanthropists Take the Lead
Women are taking a predominant role in philanthropy, according to the Wealth-X and UBS World Ultra Wealth Report 2013. The most popular industry for ultra-high, net-worth women is nonprofit and social organizations, with more than 15% of the world's wealthiest women pursuing careers in the field. The study also shows that wealthy women are more generous than wealthy men, with the average value of major gifts about $100k more than their male counterparts.
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Board Member News
USM Foundation Board of Director Bruce Richards has been named the recipient of the Hedge Fund Cares/Help for Children's Award for Caring. His extraordinary dedication to philanthropy will be recognized during the award ceremony in New York on March 6th.
Congratulations, Bruce!
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