2026-05-14T13:31:19-07:00 2025-06-30 135381590 BDO USA 8401 Greensboro Drive Suite 800 McLean VA 22102 990 2024-07-01 521125663 UNIVERSITY OF MARYLAND FOUNDATION INC UNIV 3014458040 3300 Metzerott Rd Adelphi MD 20783 Tom Gilbert CFO 3014451922 2026-05-14 1 1 Todd Teresco P00247720 5185278982 2026-05-14 2024 2025-03-06 01:10:19Z University System of Maryland Foundation Inc Tom Gilbert 3300 Metzerott Rd Adelphi MD 20783 75588439 0 X www.usmf.org X 1979 MD The University System of Maryland Foundation supports public higher education in Maryland through philanthropy, asset management, and stewardship. 41 41 40 200 9000386 7852198 44825491 19524382 650968 904377 25121349 48401244 6470562 6710444 77068370 75540447 21726277 21121008 0 0 6995008 7335766 0 0 3509672 14398050 15501256 43119335 43958030 33949035 31582417 2414480358 2569545617 1846712094 1977070155 567768264 592475462 The University System of Maryland Foundation, Inc promotes, galvanizes and supports the advancement of public higher education in Maryland through leadership and engagement in philanthropy, asset management, and stewardship. The Foundation supports the University System of Maryland's (USM) ability to broaden access to high-quality higher education, meet the workforce needs of the state and the nation, and conduct research that expands the boundaries of knowledge. The USM Foundation provides campaign and strategic fundraising leadership support and professional development opportunities to our institutions, centers, and their affiliated foundations. The Foundation's $2.09 billion in managed assets support student scholarships, endowed faculty chairs, university research, and academic programs. Along with asset management, the Foundation administers grants, gifts and payroll services. 0 0 27612816 21121008 6961485 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 479011 0 621447 Educational Programs: Maintain the Wye Black Angus Herd used for research by the University of Maryland-College Park School of Agriculture 0 0 0 28091827 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 317 0 1 40 1 1 1 1 CJ UK 0 0 0 1 1 0 0 0 0 1 0 X 41 41 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR AZ CA CO CT DC DE GA HI IA ID IL IN KS KY MA MD ME MI MN MO MT ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WY X Tom Gilbert 3014452720 3300 Metzerott Rd Adelphi MD 20783 Sharcus Steen CIO 40 0 X 1433854 0 45860 Chris Ingram Senior Sustainability & Public Markets Analyst 40 0 X 448798 0 43462 Charlie Sexton Senior Investment Analyst 40 0 X 451694 0 34903 Tom Gilbert Chief Financial Officer/COO 40 0 X 438112 0 46345 Leonard R Raley Chief Executive Officer 40 0 X 421486 0 49890 Michal Pramik Director of Private Markets 40 0 X 356768 0 28400 Roy Hossler Director of Business Operations 40 0 X 214087 0 33687 Nebiyu Teshome Director of Accounting 40 0 X 191705 0 19109 Rebecca Salsbury General Counsel 40 0 X 137784 0 20557 Ralph Partlow General Counsel - Retiring 40 0 X 133716 0 16142 Gregory S Abel Director 0 0 X 0 0 0 Sandra Adams Director 0 0 X 0 0 0 Joe N Ballard Director 0 0 X 0 0 0 Anirban Basu Director 0 0 X 0 0 0 Hugh Breslin Director 0 0 X 0 0 0 Hope Brown Director 0 0 X 0 0 0 Alan Cason Director 0 0 X 0 0 0 Sara Fernandez Cendon Director 0 0 X 0 0 0 Christine Chandler Director 0 0 X 0 0 0 Gail Elmore Director 0 0 X 0 0 0 Christopher Evans Director 0 0 X 0 0 0 Eric Francis Director 0 0 X 0 0 0 Barry Garber Director 0 0 X 0 0 0 Brian Gibbons Director 0 0 X 0 0 0 Linda Gooden Director 0 0 X 0 0 0 Barry Gossett Director 0 0 X 0 0 0 Arthur Greenberg Director 0 0 X 0 0 0 Michael Guirgus Director 0 0 X 0 0 0 Lisa Kidd Hunt Director 0 0 X 0 0 0 Frank Islam Director 0 0 X 0 0 0 Harry Johnson Director 0 0 X 0 0 0 Robert Owen Johnson Director 0 0 X 0 0 0 Linda Ellen Jones Director 0 0 X 0 0 0 Mark Levine Director 0 0 X 0 0 0 Ed McDonald Director 0 0 X 0 0 0 Brian Meenaghan Director 0 0 X 0 0 0 Ruchi Mehta Director 0 0 X 0 0 0 Patricia D Murray-Newby Director 0 0 X 0 0 0 J Mitchell Neitzey Director 0 0 X 0 0 0 Brian Nelson Director 0 0 X 0 0 0 Craig Norhtrop Director 0 0 X 0 0 0 Sang Oh Director 0 0 X 0 0 0 Alicia Ritchie Director 0 0 X 0 0 0 Lonnie Robbins Director 0 0 X 0 0 0 Donald Scheeler Director 0 0 X 0 0 0 Steven Sibel Director 0 0 X 0 0 0 Stuart Silberg Director 0 0 X 0 0 0 Kimberly Stokes Director 0 0 X 0 0 0 Jose Antonio Tijerino Director 0 0 X 0 0 0 Stacey Ullrich Director 0 0 X 0 0 0 David Vahos Director 0 0 X 0 0 0 Alexandra von Paris Director 0 0 X 0 0 0 Crystal Watkins-Johansson Director 0 0 X 0 0 0 David Young Director 0 0 X 0 0 0 4228004 0 338355 16 0 1 0 Rock Creek 1133 Connecticut Avenue NW Suite 810 Washington DC 20036 Investment Manager 5184751 TCI Custom House Plaza Block 6 Dublin Ireland EI Investment Manager 4620456 Chatham Asset 100 Huntington Ave Boston MA 02116 Investment Manager 3793673 Blue Owl 399 Park Ave 38th Floor New York NY 10022 Investment Manager 2000020 Hamilton Lane 110 Washingotn Street Suite 1300 Conshohocken PA 19428 Investment Advisor 1986428 72 0 2164034 256530 0 0 17103818 2312219 19524382 Wye Herd Operations 111000 621447 621447 0 0 Contracts Under Grant Agreement 611310 202158 202158 0 0 Conference Revenue 611310 80772 80772 0 0 0 0 0 0 904377 11595161 0 8976931 2618230 0 0 0 0 13106 0 0 13106 0 0 0 0 0 0 0 0 0 0 36806083 0 0 0 36806083 0 36806083 0 0 36806083 42650 256530 47992 -5342 0 -5342 0 0 0 0 0 0 670 0 670 0 0 670 Management Fees 525990 6216691 6216691 0 0 Affinity Card 900099 23455 0 23455 0 Other 900099 461864 461864 0 0 0 0 0 0 6702010 75540447 7582932 9000386 39432747 X 8356924 8356924 12764084 12764084 0 0 0 0 2564952 0 2564952 0 0 0 0 0 3807575 306425 3444662 56488 323167 96239 225665 1263 376433 21855 354578 0 263639 13447 245840 4352 0 0 0 0 58102 0 58102 0 253800 0 253800 0 0 0 0 0 0 0 46355 0 46355 0 3453592 2529585 822887 101120 64104 62346 1758 0 432803 187258 183010 62535 0 0 0 0 0 0 0 0 1043805 83246 943672 16887 582007 372534 208510 963 0 0 0 0 1322146 1238035 84111 0 0 0 0 0 0 0 0 0 17460 0 17460 0 346538 1275 344487 776 Campus Events 1942585 1297155 281158 364272 Research Equipment and Software 1046152 412747 468778 164627 Transfer to Affiliated Foundations 3490304 0 1239869 2250435 Printing 362554 155209 22111 185234 1038949 193463 544766 300720 43958030 28091827 12356531 3509672 264896 15385543 0 0 29018636 10008522 446591 427905 0 0 0 0 0 0 0 0 205956 1481571 15439562 2821527 12492698 12618035 392852540 188789922 1975284750 2336986003 0 0 0 0 3914291 3848116 2414480358 2569545617 4851449 4610394 0 0 2004033 2033537 0 0 0 0 0 0 0 0 0 0 1839856612 1970426224 1846712094 1977070155 X 88587961 93363244 479180303 499112218 567768264 592475462 2414480358 2569545617 X 31582417 -6049958 0 -1973283 0 1148022 X 0 1 X 1 0 X 37619695 51139865 24021158 44825491 19524382 177130591 37619695 51139865 24021158 44825491 19524382 177130591 17533502 159597089 8054188 -124389 9152427 313591 2631336 20027153 0 894114 97050 5565372 7847856 14404392 5289087 5593088 6811129 6478448 6678555 30850307 242412443 905047 0.65837 0.61880 X Schedule A, Part II, Line 10 This includes Management fees RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54000 9895534 0 0 X 0 446915000 23514000 33593000 11808000 8552000 0 483662000 423871000 14222000 28957000 10359000 9676000 100000 446915000 403225000 10665000 25136000 9293000 5845000 17000 423871000 387783000 9980000 18787000 9006000 2904000 1415000 403225000 296688000 34716000 75869000 9071000 9546000 873000 387783000 0.1 0.79 0.11 0 0 0 2322187 2322187 0 0 0 0 0 0 0 0 0 3221841 2821527 400314 0 9895534 0 9895534 12618035 0 0 Active Public - NAV 820854080 F Private NAV 771462980 F Seperately Managed Accounts 303896028 F Intermediate - NAV 247749088 F Diversifying - NAV 109282716 F Liquid Credit - NAV 83741111 F 2336986003 0 Due to Other Foundations 1967734892 Split Interest Agreements 2691332 1970426224 X Schedule D, Part III, Line 4 Works of Art are on display at Institutions for educational purposes Schedule D, Part V, Line 4 The Endowment funds are used to broaden access to higher education , meet the workforce needs of the state and fund research Schedule D, Part X, Line 2 Authoritative guidance on accounting for uncertainty in income taxes clarifies the accounting for the uncertainty of the income tax positions defines the threshold for recognizing tax return positions in the financial statements as "more likely than not" that the position is sustainable based on technical merits, and provides guidance on the measurement , classification and disclosure of tax return positions in the Financial Statements. No Assets or Liability has been recorded as of June 30, 2025 and 2024 for the uncertain tax positions. The Foundation is no longer subject to US Federal and State examinations by tax authorities for the fiscal years before June 30, 2022. Central America and the Caribbean 0 0 Investments Investments of Funds 222387147 Europe (including Iceland and Greenland) 0 0 Investments Investments of Funds 204962469 Europe (including Iceland and Greenland) 0 0 Program Services Collaboration of Education 66483 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Collaboration of Education 47733 East Asia and the Pacific 0 0 Program Services Collaboration of Education 500 0 0 427464332 1 0 1 1 1 0 UMBC Men's Lacrosse 74246 47805 26441 0 0 0 0 0 8702 UMBC Golf Classic 53242 48400 4842 0 0 0 0 0 37151 5 171692 160325 11367 0 0 0 0 0 2139 299180 256530 42650 0 0 0 0 0 47992 47992 -5342 1 Univeristy of Maryland College Park 1115 Lee Building College Park MD 20742 526002033 4357212 0 Program Services UMBC 1000 Hilltop Circle Baltimore MD 21250 526002033 2548517 0 Program Services UMCES PO Box 775 Cambridge MD 21613 526002033 730337 0 Program Services UMES 1 Backbone Road Princess Anne MD 21853 526002033 592661 0 Program Services University of Maryland Baltimore 601 West Lombard Street Suite 208 Baltimore MD 21201 526002033 128197 0 5 0 Various Scholarships 1700 12764084 0 Fair Value Schedule I, Part I, Line 2 The USM financial aid officers review and approve all scholarship requests ensuring the student's eligibility within the established criteria. Funds are used for tuition fees, room and board or an award for outstanding performances. The Foundation monitor's grant activity by ensuring that the receiving organizations are eligible to accept funds and have the capacity to perform the grant research. All disbursements are verified against the grant budget. The Foundation also receives financial reports periodically and reserves the right to audit the original issue X X X X X X 0 0 0 0 0 0 0 0 0 Sharcus Steen CIO 658854 0 775000 0 0 0 25375 0 20485 0 1479714 0 0 0 Chris Ingram Senior Sustainability & Public Markets Analyst 255673 0 193125 0 0 0 25375 0 18087 0 492260 0 0 0 Charlie Sexton Senior Investment Analyst 258569 0 193125 0 0 0 25375 0 9528 0 486597 0 0 0 Tom Gilbert Chief Financial Officer/COO 388112 0 50000 0 0 0 25375 0 20970 0 484457 0 0 0 Leonard R Raley Chief Executive Officer 419047 0 0 0 2439 0 25375 0 24515 0 471376 0 0 0 Michal Pramik Director of Private Markets 256768 0 100000 0 0 0 25375 0 3025 0 385168 0 0 0 Roy Hossler Director of Business Operations 214087 0 0 0 0 0 15521 0 18166 0 247774 0 0 0 Nebiyu Teshome Director of Accounting 191705 0 0 0 0 0 13899 0 5210 0 210814 0 0 0 Rebecca Salsbury General Counsel 137784 0 0 0 0 0 9989 0 10568 0 158341 0 0 0 Ralph Partlow General Counsel - Retiring 133716 0 0 0 0 0 9694 0 6448 0 149858 0 0 0 Schedule J, Part II The CIO received an one-time retention payment in addition to year-end performance bonus X 6 54000 Fair Market Value X 34 2258219 Fair Market Value 0 1 0 Form 990, Header, Line C The University of Maryland Foundation, Inc DBA also includes the University of Maryland Baltimore County Foundation, the University of Maryland Global Campus Foundation, the University of Maryland Eastern Shore Foundation, the Universities of Shady Grove Foundation, the University of Maryland Center of Environment Center Science Foundation and the University System of Maryland at Hagerstown Foundation. Form 990, Part VI, Section A, Line 2 Director Vahos and Director Ulrich are officers for the same company which constitutes a business relationship Form 990, Part VI, Section B, Line 11b This form is reviewed by the CFO and the upper level financial staff at the USMF office. The Board of Directors then delegates the detailed review of the 990 for to the Audit Committee. Once reviewed, the document is forwarded to the full board with notation of the Audit Committee for comment form all the Director's prior to the filing of the Form 990 Form 990, Part VI, Section B, Line 12c The Foundation monitor and enforces the Conflict of Interest Policy through the Foundation's General Counsel who reviews and reports to the Governance Committee and the Audit Committee . The Governance Committee decides if any action is warranted. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board overseas the compensation process which includes their review and approval of CEO, CIO and CFO/COO compensation - supported by the review of comparability studies, and independent consultant, and evaluation and discussion of performance Form 990, Part VI, Section C, Line 17 See Schedule O, statement 3 Form 990, Part VI, Section C, Line 19 All documents are made available on our website. Form 990, Part IX, Line 11g This includes Outside Services, Research and Non Student awards Form 990, Part XI, Line 9 Includes transfers per Board Resolution and Change in Value of Split-Interest Agreements USMF Corporation 3300 Metzerott Road Adelphi MD 20783 201910815 Holding Company MD USM Foundation Inc C 15189 3879300 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Waiting on Final Fund Managers statements