Overview
What is University Of Maryland Foundation Inc?
The University of Maryland Foundation Inc, based in Adelphi, Maryland, is a nonprofit organization dedicated to advancing public higher education in Maryland. With 31 employees, they support the academic programs of the University System of Maryland institutions through various expenses, including salaries and benefits, equipment, scholarships, and research activities. The Foundation's primary mission is to promote, galvanize, and support the advancement of higher education by managing assets, administering grants, and providing fundraising leadership. Their $2.09 billion in managed assets fund student scholarships, endowed faculty chairs, university research, and academic programs. The Foundation's efforts contribute to broadening access to quality higher education and addressing the workforce needs of the state and the nation.
Official website here: www.usmf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 82% - Three-Star out of Four Star rating
The University of Maryland Foundation Inc has received an 82% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating reflects a well-managed organization with a fully independent board and strong oversight measures in place. The foundation has successfully demonstrated transparency through its robust financial statements and policies, such as conflict of interest and whistleblower protections.
Strengths highlighted in the evaluation include an exceptional fundraising efficiency ratio, showcasing effective use of resources to garner support for its initiatives. Additionally, the foundation's high working capital ratio suggests a strong financial position, allowing for long-term sustainability and operational stability. The foundation is also commendable for having no material diversions of assets, ensuring that donor contributions are appropriately managed.
However, the program expense ratio, while still respectable at 65.93%, indicates that there is room for improvement in how funds are allocated towards programs versus administrative costs. This could be an area of focus for the foundation to enhance its impact further. Overall, the University of Maryland Foundation Inc presents as a responsible and effective organization with a commitment to transparency and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Maryland Foundation Inc legitimate?
University Of Maryland Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Maryland Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,424,329
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,932,055
For more financial information, click here
Official website here: www.usmf.org
What is the mission statement of University Of Maryland Foundation Inc?
The University System of Maryland Foundation Inc is dedicated to advancing public higher education in Maryland. Through philanthropy, asset management, and stewardship, the Foundation plays a pivotal role in expanding access to quality education, addressing workforce needs, and funding research. The Foundation offers support to institutions, centers, and affiliated foundations through campaign and strategic fundraising leadership and professional development opportunities. With managed assets totaling $2.09 billion, the Foundation provides critical funding for student scholarships, endowed faculty chairs, university research, and academic programs. In addition to asset management, the Foundation administers grants, gifts, and payroll services.
Official website here: www.usmf.org
Who is the CEO of University Of Maryland Foundation Inc?
Leonard R Raley is the CEO of University Of Maryland Foundation Inc The CEO's salary of University Of Maryland Foundation Inc is $407,557 and their total compensation is $455,755.
Official website here: www.usmf.org
What is the revenue of University Of Maryland Foundation Inc?
University Of Maryland Foundation Inc's revenue in 2023 was $46,875,365.
Official website here: www.usmf.org
Who are the executives of University Of Maryland Foundation Inc and what are their salaries?
The average compensation at University Of Maryland Foundation Inc during 2023 was $162,315. There are 33 employees and 200 volunteers at University Of Maryland Foundation Inc.
Here are 56 key members and their salaries (University Of Maryland Foundation Inc's CEO's salary is $407,557 and their total compensation is $455,755):
- Compensation: $827,976
- Related: $0
- Other: $39,877
- Compensation: $470,009
- Related: $0
- Other: $34,677
- Compensation: $407,557
- Related: $0
- Other: $48,198
- Compensation: $360,236
- Related: $0
- Other: $42,295
- Compensation: $364,511
- Related: $0
- Other: $37,755
- Compensation: $365,407
- Related: $0
- Other: $29,844
- Compensation: $337,896
- Related: $0
- Other: $44,942
- Compensation: $208,867
- Related: $0
- Other: $28,630
- Compensation: $188,942
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Official website here: www.usmf.org
Where can I find the form 990 for University Of Maryland Foundation Inc?
University Of Maryland Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.usmf.org
Learn more at the official website: www.usmf.org
Mission Statement of University Of Maryland Foundation Inc
The University of Maryland Foundation, a leading philanthropic organization, is dedicated to advancing public higher education in Maryland. Through its mission, the Foundation plays a crucial role in promoting, galvanizing, and supporting the University System of Maryland's (USM) initiatives in the areas of education, workforce development, and research.
The University System of Maryland Foundation, Inc, with its significant $2.09 billion in managed assets, strives to broaden access to high-quality higher education for students in Maryland and beyond. By providing campaign and strategic fundraising leadership support to institutions, centers, and affiliated foundations, the Foundation ensures that USM can meet the evolving needs of the state and the nation. Furthermore, the Foundation administers grants, gifts, and payroll services, further bolstering the academic programs and research efforts at USM.
In their commitment to Maryland's higher education system, the University of Maryland Foundation fosters engagement and leadership in philanthropy, asset management, and stewardship. Their activities enable the University System of Maryland to expand its reach and impact, ultimately contributing to a more educated and innovative workforce and a knowledge-driven economy. The Foundation's unwavering dedication to public higher education has proven vital in ensuring access to valuable educational opportunities and fostering a thriving academic community.
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Impact
October, 2024
The University of Maryland Foundation Inc plays a vital role in enhancing public higher education in Maryland. Through its philanthropic efforts and robust asset management, the Foundation supports a wide range of academic programs and initiatives across the University System of Maryland (USM). It helps fund salaries and benefits for faculty and staff, contributes to scholarships for students, and facilitates research activities, workshops, and conferences that enrich the educational experience.
By managing a substantial portfolio of $2.09 billion in assets, the Foundation directly impacts students and faculty through scholarships, endowed faculty chairs, and research funding. Its commitment to broadening access to high-quality higher education ensures that more Maryland residents can pursue their academic goals, equipping them to meet both state and national workforce demands. Additionally, the Foundation's strategic fundraising leadership enhances institutional capabilities, fostering an environment where educational excellence can thrive.
Through leadership in philanthropy and stewardship, the University of Maryland Foundation Inc not only strengthens individual institutions but also promotes the collective advancement of public higher education in the state, ultimately contributing to the growth of knowledge and innovation.
This information is meant to be a general summary of University Of Maryland Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,782,764
- Program Service Revenue: $756,391
- Gross Receipts: $46,926,208
Assets and Liabilities:
- Total Assets: $2,188,081,766
- Total Liabilities: $1,686,160,585
- Net Assets: $501,921,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Wye Herd Operations
Revenue
$426,072
Contracts Under Grant Agreements
Revenue
$309,799
Conference Revenue
Revenue
$20,520
Organization Details
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