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

Letter from the President

Dear Friends and Colleagues,


Our staff had some well-deserved time off during spring break and now we are heading into what looks to be our busiest month yet. We have been working diligently to ensure that the upcoming gala to honor Chancellor William E. "Brit" Kirwan appropriately reflects what Brit means to us, and what he has accomplished for the System and the State of Maryland. As part of his legacy, we are also working to secure funds to build the Center for Academic Innovation's endowment. We anticipate a wonderful evening ahead and are very much looking forward to spending it with our good friends and colleagues.


I am sad to share that a close friend of the System and especially the University of Maryland, College Park, A. James Clark recently passed away. I had the pleasure of first getting to know Jim during his early years of involvement with College Park and witnessed firsthand his tremendous spirit of philanthropy. His legacy lives on in the numerous buildings around the campus as well as throughout Maryland and he will be missed. 


Speaking of College Park, how about those Terps! While the men's season was short-lived, the Lady Terps have advanced all the way to the final four. With an upcoming game this Sunday, the Terps have made March Madness an exciting season to watch college basketball.


As always, please contact me at raley@usmd.edu or 301-445-1941 with any questions or comments.




Leonard R. Raley

January 2015 Investment Office Update


2015 started on a volatile note, due in part to the continued decline in oil prices, the Swiss National Bank's decision to abandon its exchange rate cap against the Euro, and concerns about a potential Greek exit from the Eurozone. Global equity indices declined in January, with the MSCI ACWI Index finishing 1.6% lower (including reinvested net dividends). U.S. equity markets also started 2015 with a loss. The S&P 500 declined 3.0% (including reinvested dividends). Additionally, the impact of low oil prices continued to ripple across emerging markets, with oil-producing countries such as Russia, Malaysia and Mexico suffering declines and oil-importing countries (e.g., India and China) benefitting.

Maryland's Senior Senator, Barbara A. Mikulski, Announces Retirement

Last month, United States Senator Barbara A. Mikulski announced that she would retire when her term ends in 2017. Mikulski rose from being a Baltimore-based community organizer to the longest-serving woman in Congress. She was one of only two women in the Senate when she took office in 1987, and worked her way to becoming the first woman to chair the Senate Appropriations Committee in 2012. Mikulski is also an alumna of the University of Maryland, Baltimore's School of Social Work, and has retained close ties with both UMB and the System. 


Senator Mikulski has been a great friend to the USM and a tireless advocate for her constituents and we wish her the best as she embarks on her next adventure.

In Memoriam: A. James Clark


A. James Clark, a 1950 graduate in civil engineering from the University of Maryland, College Park passed away on March 20, 2015. He served as chairman and chief executive officer of Clark Enterprises, Inc., but was also known for being an engineer, an entrepreneur, and a philanthropist. In 1994, he established a $15 million endowment to name UMCP's School of Engineering, now known as the A. James Clark School of Engineering. In 2005, he established a new $30 million A. James Clark Scholarship Endowment to provide financial support for Clark School undergraduate engineering students. He also served as a member of the University of Maryland's Board of Regents and was an honorary Trustee of the University of Maryland College Park Foundation. 


Clark set a tremendous precedent for leadership and philanthropy in Maryland, and he will most certainly be missed. In his honor, The Clark School of Engineering has set up a tribute page.

Historic $1.5 Million Gift Establishes First Endowed Professorship at the University of Maryland School of Dentistry


The University of Maryland School of Dentistry (UMSOD) received the largest one-time gift in the school's 175-year history: a $1.5 million donation from alumni Frederick G. Smith, MS, DDS '78, and Venice K. Paterakis, DDS '81. The grant will establish the school's first endowed professorship and enable the professor to pursue new areas of research and innovative teaching methods within dental education. It will also allow the Department of Oral and Maxillofacial Surgery to further enhance their surgical training programs and pursue new research endeavors.

April 2015
Vol. 9, Iss. 3
In This Issue
USM News Briefs   

BSU is one of 13 historically black colleges and universities awarded a five-year, $25 million grant established by the U.S. Department of Energy to develop a pipeline to allow more minorities to enter the cybersecurity field. For Bowie, that means nearly $1.2 million over five years to fund an expansion of the cybersecurity curriculum, opportunities to learn from real-world experiences in the field, and the university's computer technology equipment. The grant will also allow Bowie to develop additional summer youth technology programs and strengthen collaborations with industry leaders and government agencies.
Trends in Philanthropy

Directed Gifts Increases Fundraising Success

According to new research, fundraising appeals that offer donors the ability to target their gifts to specific areas can raise more money than non-specific appeals. In a field experiment conducted by a professor at Texas A&M University, donors were divided into two groups: one that made a gift to the annual fund, and the other that were able to allocate a portion of their gift to a Texas A&M college of their choice. The response rate was the same, but the group with a directed-giving option gave more money than the other.

Board Member News

Cary Hatch, CEO of MDB Communications, Inc. and USM Foundation board director, will kick off the 2015 Access2Alumni event at UMCP as the keynote speaker. Access2Alumni connects successful alumni with undergraduate students to help them consider what they can do with an arts and humanities degree. Cary will be speaking on how her ARHU degree has helped shape her professional career.

Jess Gill

Editor, LeaderNotes