Overview
What is Trustees Of The Endowment Fund Of The University Of Maryland?
Trustees of the Endowment Fund of the University of Maryland is a nonprofit organization based in Baltimore, Maryland. Their primary role is to receive, invest, and manage assets that have been entrusted to them, with the intention of generating income to support the University of Maryland, Baltimore. By holding and controlling cash, investments, and other property, the organization is able to apply the income from these investments to the benefit of the university.
Is Trustees Of The Endowment Fund Of The University Of Maryland legitimate?
Trustees Of The Endowment Fund Of The University Of Maryland is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trustees Of The Endowment Fund Of The University Of Maryland 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.
Here are some key statistics you may want to consider:
Executive Compensation: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Trustees Of The Endowment Fund Of The University Of Maryland
Trustees of the Endowment Fund of the University of Maryland (TEFUM) is a dedicated organization with a mission to manage and invest resources for the benefit of the University of Maryland Baltimore (UMB). With a primary focus on holding, investing, and controlling cash, investments, and other property, TEFUM generates income that is then allocated to UMB in accordance with the donors' wishes. By serving as a crucial financial intermediary, TEFUM plays a vital role in supporting the academic and research initiatives of UMB.
In essence, TEFUM functions as a trustee, entrusted with the responsibility of preserving and growing the endowment funds that have been generously donated to UMB. These funds are then used to support a variety of programs, scholarships, research projects, and infrastructure development at the university. The organization's activities are guided by its commitment to making a lasting impact on the University of Maryland Baltimore community. By effectively managing its resources, TEFUM ensures that the financial foundation of UMB remains strong, enabling it to continue its mission of advancing knowledge, providing excellent education, and fostering innovation.
Moreover, TEFUM's activities extend beyond just managing financial resources. It is also responsible for ensuring that the income generated from the endowment is applied in accordance with the donors' intentions, ensuring that their philanthropic visions are realized and that the funds are used to make a meaningful difference at UMB. The organization's dedication to this mission is unwavering, and its commitment to the University of Maryland Baltimore is evident in its tireless efforts to grow and steward the endowment funds.
Impact
This information is meant to be a general summary of Trustees Of The Endowment Fund Of The University Of Maryland. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Trustees Of The Endowment Fund Of The University Of Maryland plays a crucial role in supporting the University of Maryland Baltimore by managing and investing funds to generate income for the institution. By diligently overseeing cash, investments, and other assets, the organization ensures that the university has financial resources to further its educational mission. This has a direct impact on the university's ability to provide quality education, conduct research, and serve its community. The endowment fund's efforts contribute to the long-term sustainability and growth of the University of Maryland Baltimore, making a significant difference in the institution's success and impact in the field of education.
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 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1904
Phone
(410) 706-7454
Principal Officer
Dr George M Boyer
Main Address
522 W LOMBARD ST DAVIDGE HALL, BALTIMORE, MD, 21201
NTEE Category
Code: B82 - Education
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