The Monthly Ledger
A publication by the USM Foundation's Business Office
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Important Dates


July 3rd

The USM Foundation will be closed in observance of Independence Day. 


Upcoming Training

Please visit our events page to register for our monthly half-hour training sessions which can be attended from the comfort of your own desk. 


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June 16, 2015
What's New!


End of Year

The end of the fiscal year is just around the corner. Our last check run for FY2015 will be June 29th and you must have your disbursement requests to us by noon on Thursday June 25th. However, if you are requesting a reimbursement for one of your campus accounts, you will probably want to get that request to us by this Thursday June 18th for our check run on Monday June 22nd. This will ensure there is time to get it deposited on campus and credited to your campus account before the end of the fiscal year.


We will also allow you to send disbursement requests in until July 16th to be applied against any available FY2015 Spendable Income. Please date those disbursement requests with a June date so we know they should be applied against 2015. Any disbursement requests received after July 16th will be charged to FY2016 Spendable Income regardless of the date on the form.


FY 2016 carryover Spendable Income calculations and reports will be distributed the week of July 27th.


New Bank


The USM Foundation will be switching custodian banks from State Street to Northern Trust effective July 1st, 2015. Please discard any old bank information you have regarding accounts to use for in-bound wire transfers and stock gifts. If you need this new account information, please complete the Inbound Bank Transfer Notification form or the Gift of Stock form on our website and we will provide you with the correct bank account information.


If you have any donor or vendor contacts that have the State Street instructions please contact them to let them know not to use those instructions after July 1st.

Foundation of the Year Nomination 


The USM Foundation has been nominated for Foundation of the Year in Institutional Investor's 13th Annual Hedge Fund Industry Awards. And we are in very prestigious company. The other nominees are the Annie E. Casey Foundation, Carnegie Corporation of New York, and the J. Paul Getty Trust. See the full story here

Congratulations to our investment team and the entire Foundation staff for this distinguished recognition.