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.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Trustees Of The Endowment Fund Of The University Of Maryland has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial practices. The charity's high score of 94% indicates robust financial health and responsible stewardship of funds, particularly highlighted by its comprehensive accountability measures and independent board governance.
The organization boasts an 88% independent board composition, ensuring minimal conflicts of interest, along with well-defined policies regarding financial oversight and asset management. Notably, there have been no reported material diversions of assets, showcasing their reliability in managing resources effectively. Their program expense ratio of 82.26% further emphasizes a significant allocation of funds directly towards programmatic efforts, indicating a focus on fulfilling their mission.
Despite these strengths, it's important for potential donors and supporters to remain engaged and informed about the charity's ongoing activities and impact. While the financial metrics are strong, continued transparency and communication about program outcomes will be crucial for maintaining trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Trustees Of The Endowment Fund Of The University Of Maryland?
The Trustees Of The Endowment Fund Of The University Of Maryland serve to manage and invest funds for the benefit of the University of Maryland Baltimore. Their primary role is to hold, invest, and control cash, investments, and other property, and apply the income generated from these investments to support the university. The organization is dedicated to receiving, investing, and controlling any property entrusted to it, with the intention of using the income to advance the interests of the University of Maryland Baltimore in accordance with the donors' wishes.
Who is the CEO of Trustees Of The Endowment Fund Of The University Of Maryland?
Dr George M Boyer is the President of Trustees Of The Endowment Fund Of The University Of Maryland.
What is the revenue of Trustees Of The Endowment Fund Of The University Of Maryland?
Trustees Of The Endowment Fund Of The University Of Maryland's revenue in 2022 was $16,500,656.
Who are the executives of Trustees Of The Endowment Fund Of The University Of Maryland and what are their salaries?
There 8 volunteers at Trustees Of The Endowment Fund Of The University Of Maryland.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Trustees Of The Endowment Fund Of The University Of Maryland?
Trustees Of The Endowment Fund Of The University Of Maryland's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Trustees of the Endowment Fund of the University of Maryland significantly impacts the University of Maryland Baltimore by managing and growing financial resources essential for its operations and development. By holding, investing, and controlling a diverse portfolio of cash and other assets, the organization ensures a steady stream of income that supports various educational initiatives, programs, and services. This financial backing allows the university to enhance academic offerings, improve facilities, and provide scholarships and financial aid, ultimately contributing to a richer educational experience for students.
Additionally, the organization's commitment to applying income in accordance with donor wishes fosters a culture of philanthropy and encourages ongoing support from the community. As a result, the Trustees of the Endowment Fund not only help secure the university's financial future but also play a vital role in fostering innovation, research, and community engagement at the University of Maryland Baltimore. The long-term sustainability and growth enabled by the endowment fund ultimately strengthen the university's mission and enhance its ability to serve students and the broader community effectively.
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.
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.
- Investment Income: $16,146,418
- Gross Receipts: $39,650,703
Assets and Liabilities:
- Total Assets: $119,672,854
- Total Liabilities: $21,215
- Net Assets: $119,651,639
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Organization Details
Founding Year
1904
Phone
(410) 706-7454Principal 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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