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

Letter from the President

Dear Friends and Colleagues,


As we enter the 2016 Fiscal Year, we have much to celebrate. We recently welcomed Chancellor Robert L. Caret back to the USM. His priorities of furthering student success, academic innovation, and economic development will help reinforce the USM's position as a model for national higher education systems throughout the country. Chancellor Caret recently filmed a video message that highlights his goals for the USM, which can be viewed here. I am so pleased to work directly with Chancellor Caret once again; one area where the USM Foundation and Office of Advancement will continue to provide leadership is in cultivating private philanthropy across the USM.


We also welcomed President Maria Thompson to Coppin State University. She will leverage critical partnerships to further Coppin's relationships with Baltimore City and my team and I look forward to working with her in the months and years ahead.


I am also delighted to announce that it was a banner year for fundraising across the USM. Preliminary FY15 year-end numbers indicate our institutions raised more than $330 million in private funding. This puts us more than $70 million ahead of our $262 million goal, making this fiscal year our most significant fundraising year to date! We attribute this to a growing culture of philanthropy across the system with leadership taking notice of how important the fundraising efforts can be to the success of their institutions. It is truly wonderful to know that we are entering FY2016 on such a high note.

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




Leonard R. Raley

May 2015 Investment Office Update

While May began with a spillover of April's market volatility, market sentiment improved in the second half of the month on the back of encouraging economic data releases. The U.S. equity markets produced gains, with the S&P 500 appreciating 1.3%.[1] Japan's equity markets also performed well, as the country's economy experienced a bigger-than-expected boost from exports due to the weak yen. Despite the fact that the European economy continued to make progress with slow but steady growth, concerns about Greece's ability to reach a deal with its creditors, in order to avoid a default and possible exit from the euro, continued to foster market volatility. Emerging markets were unable to repeat their strong performance from April - the MSCI EM Index fell 4.0% due to concerns about the Federal Reserve Bank beginning to normalize U.S. monetary policy.


[1] S&P 500 returns include reinvested dividends, while MSCI EM Index returns include reinvested net dividends.

Johns Hopkins University and University of Maryland, College Park to Open Data Research Center


Big data makes it possible for researchers to learn about everything from the natural sciences to education, but can be costly when research centers are required to create their own high-performance computing centers. To save costs and share resources, the State of Maryland has provided $30 million in funding to the Maryland Advanced Research Computing Center, which will provide state-of-the-art digital processing power to researchers at the University of Maryland, College Park and Johns Hopkins University. The new center will be one of the largest academic computing centers in the nation and will allow researchers to work remotely, leading to significant cost savings, greater efficiency, and faster computing times to generate results.


The Institute of Human Virology (IHV) recently received a five-year, $24.5 million grant from the U.S. Centers for Disease Control and Prevention through the U.S. President's Emergency Plan for AIDS Relief. The grant will allow the IHV to partner with the government of Botswana to work toward impacting the HIV/AIDS epidemic and demonstrating that comprehensive treatment programs can stop the epidemic in Botswana. The announcement was made on the heels of two recent IHV milestones including surpassing more than 1 million patients receiving overseas care and treatment and a $50 million grant to combat HIV/AIDS in Zambia. 


The Nursing Department at Salisbury University (SU) recently received the largest grant in its history - nearly $2.1 million - to continue a project that prepares clinical experts to become nursing faculty. In 2011, the Eastern Shore Faculty Academy and Mentoring Initiative (ES-FAMI) was created by SU and several partners to develop quality adjunct professors, with a particular emphasis on recruiting men and individuals from diverse backgrounds. In training more experts to become nursing faculty through ES-FAMI, a greater number of nursing students can receive proper education and training to help address nursing shortages in Maryland and beyond. 

July 2015
Vol. 9, Iss. 7
In This Issue
USM News Briefs

Three years after establishing the Doctor of Education in Educational Leadership, Frostburg State University officially became a doctoral-granting institution. The program's first 13 students received their doctoral degrees on May 21. More students from the inaugural group are expected to complete their dissertations in the coming months, while two cohorts are currently midway through the program. A fourth cohort will begin this fall at University System of Maryland at Hagerstown.

Trends in Philanthropy


A recent Giving USA report for the 2014 calendar year has found that charitable giving in the United States continues to grow and has surpassed numbers last seen before the Great Recession. It is the fifth consecutive year that giving has increased, and preliminary estimates peg total giving at $358.38 billion. Education saw gifts increase by 4.9%. 
Board Member News

USM Foundation Board Director Harry Johnson has been appointed by American Bar Association President-Elect Paulette Brown to chair the ABA's Standing Committee on Public Education. The mission of the ABA Division for Public Education is to promote public understanding of law and its role in society. The Standing Committee is responsible for over 100 publications, is the entity which plans Law Day each year, and each July awards the Silver Gavel awards to journalists for law-related stories. Congratulations, Harry!

Staff News


USM Foundation Vice President of Finance and CFO, General Counsel Pam Purcell welcomed her first grandchild to the family on June 19. Dylan Winchester Hinzman weighed 7 lbs, 2.5 oz at birth, and lives nearby for Pam to dote on and spoil. Congratulations, Pam!

Jess Gill

Editor, LeaderNotes