The Monthly Ledger
A publication by the USM Foundation's Business Office
Contact Us! (NEW!)
  
If you ever have an issue, a problem, or a question, please visit our new support page
 
We can certainly be reached at our email account at
usmf-business-support@usmd.edu, but the new form will help us process your questions, concerns, and issues more efficiently. 
Important Dates
  Calendar

4/23: Administrative Professional Day

While we understand everyone's desire to honor the hard work and dedication of our administrative professionals, USM Foundation policy does not allow for the purchase of flowers, fruit baskets, or other gifts for this purpose. These are considered personal expenses and are not reimbursable. Please refer to the Unallowable Expenses section of our Cash Disbursements policy.  

 

Thank you for your attention to this matter.

 

Training Update

We are setting the schedule for training in late May or early June. Please let us know if you are interested in Dashboard, Grants, or New Administrator training by emailing us

 

Training will be scheduled based on a minimum of 10 attendees.
 
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April 16, 2014
What's New!

 

USM Foundation 
Board of Directors
 

You may have seen the recent news welcoming three new board members to the USM Foundation Board of Directors. We are very excited about the wealth of experience that these three individuals bring to our board and they are a great addition to the deep and diverse backgrounds of our existing board members. Our staff members rely on the board's incredible wealth of knowledge to provide us with strategic direction, advice, and mentoring on an ongoing basis and we are extremely grateful for their time and effort. Our board truly helps us advance our mission "to advocate and support the advancement of public higher education in Maryland."

 

Here is just a brief list of some of our directors' current or former positions:

  • Associate Judge, Anne Arundel County Circuit Court
  • CFO, Northrup Grumman Aerospace Systems
  • Partner, Ernst & Young
  • Chairman and CEO, Legg Mason Trust Company
  • President, Bank of America Mid-Atlantic Region
  • Executive Vice President, Lockheed Martin
  • CEO, Legg Mason Capital Management
  • CFO, Credit Suisse
  • Chairman and CEO, Pepco Holdings

If we were a baseball team, we would have an all-star lineup from top to bottom. In addition to their stellar credentials, our board members play vital roles through their involvement in our various committees. Next month we will review the purpose of each committee and how they help govern the foundation. 

 

In the meantime, we encourage you to visit the Board Member Directory and read through some of the amazing backgrounds and accomplishments of our board members. 

Note on Transfers
 

Wire and ACH Transfers Inbound

 

On any given day the Foundation receives a number of bank transfers. If you have funds coming to us by wire or ACH, please complete an Inbound Bank Transfer Notification form. This form should be submitted prior to any fund transfer as it allows us to alert our bank of the transfer and to provide the proper wiring instructions to the company or agency sending the funds.  

 

Please note that wiring instructions should be confirmed every time a transfer occurs as the source of the funds and type of currency can affect the wiring instructions. 

 

 

Stock/Mutual Fund Transfers

 

As with ACH and wire transfers, it is important the USM Foundation know in advance of a transfer so we can alert our bank and ensure that the donors and their brokers have correct transfer instructions. Donors interested in making a stock or mutual fund donation should complete the Gift of Stock form 

This form should be submitted prior to any stock or mutual fund donation as it allows us to alert our bank of the transfer and to provide the proper transfer instructions to the donor and donor's broker.