EIN 52-1125663

University System of Maryland Foundation (USMF)

IRS 501(c) type
501(c)(3)
Num. employees
33
Year formed
1979
Most recent tax filings
2023-06-01
Description
The University System of Maryland Foundation advocates and supports the advancement of public higher education in Maryland through visionary leadership in philanthropy, asset management, and stewardship.
Also known as...
University of Maryland Foundation
Total revenues
$46,875,365
2023
20192020202120222023$40m$80m
Total expenses
$40,792,258
2023
20192020202120222023$31m$35m$39m
Total assets
$2,282,585,813
2023
20192020202120222023$1.5b$1.9b$2.3b
Num. employees
33
2023
2019202020212022202304080

Program areas at USMF

Higher Education: Support the academic programs of the University System of Maryland institutions through payments for salaries and benefits, equipment, scholarships, conferences, workshops, services, academic memberships, research activities and other expenses
Educational Programs: Maintain the Wye Black Angus Herd used for research by the University of Maryland-College Park School of Agriculture

Grants made by USMF

GranteeGrant descriptionAmount
University of Maryland Surgical Associates PaProgram Services$52,307

Who funds University System of Maryland Foundation (USMF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Jack Kent Cooke Foundation (JKCF)Current Scholarships and Endowed Scholarship Fund$1,000,000
University of Maryland Medicine Foundation (UMMS Foundation)General Support$702,500
Richman Family FoundationOperating Support$425,000
...and 49 more grants received totalling $4,454,686

Personnel at USMF

NameTitleCompensation
Brian GibbonsChief Executive Officer and Chairman of the Board
Joe N. BallardPresident and Chief Executive Officer$0
Leonard RaleyPresident and Chief Executive Officer , Vice Chancellor for Advancement$407,557
Tom GilbertChief Operating Officer and Chief Financial Officer$337,896
Sharcus Steen, CAIAChief Investment Officer$827,976
...and 18 more key personnel

Financials for USMF

RevenuesFYE 06/2023
Total grants, contributions, etc.$24,021,158
Program services$756,391
Investment income and dividends$7,782,764
Tax-exempt bond proceeds$0
Royalty revenue$6,789
Net rental income$0
Net gain from sale of non-inventory assets$7,411,603
Net income from fundraising events$45,843
Net income from gaming activities$0
Net income from sales of inventory$740
Miscellaneous revenues$6,850,077
Total revenues$46,875,365

Form 990s for USMF

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-12990View PDF
2021-062022-05-11990View PDF
2020-062021-05-26990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s
Data update history
January 20, 2025
Received grants
Identified 12 new grant, including a grant for $80,000 from The Stephen and Renee Bisciotti Foundation
November 24, 2024
Received grants
Identified 8 new grant, including a grant for $233,300 from Carnegie Corporation of New York
November 23, 2024
Updated personnel
Identified 10 new personnel
August 10, 2024
Received grants
Identified 13 new grant, including a grant for $702,500 from University of Maryland Medicine Foundation (UMMS Foundation)
July 22, 2024
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
HealthEducationDiseases and disorders
Characteristics
MembershipsProvides grantsLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
3300 Metzerott Rd
Adelphi, MD 20783
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Prince George's County, MD
Website URL
usmf.org/ 
Phone
(301) 445-1941
IRS details
EIN
52-1125663
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1979
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0156834
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-03-19
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