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Letter from the President
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Dear Friends and Colleagues,
I hope that you enjoyed your Thanksgiving holiday with your loved ones. Fall semester is coming to a close and there is no shortage of news from our campuses, as you will read in this edition of LeaderNotes.
At the end of September,
Salisbury University announced that
President Janet Dudley-Eshbach will be stepping down on June 30, 2018. Dr. Dudley-Eshbach was appointed president in 2000 and was the first woman to hold the title at the university. Under her leadership, the school's student population grew from 6,400 to 8,700 and diversity of the student body has more than tripled, with one in four students coming from a diverse background. During Dr. Dudley-Eshbach's presidency, the SU Foundation's net assets grew from $27.1 million to $74.7 million. We thank her for her dedication and excellent leadership over the past 17 years and wish her luck in her future endeavors.
Read more about Dr. Dudley-Eshbach's accomplishments as president here.
The past few months have brought many gifts to USM institutions, as you will read in the section titled "Gifts Around the System" below. The
University of Maryland, College Park
received its largest gift in the school's history from The A. James & Alice B. Clark Foundation. The $219.5 million investment will establish and fund scholarships, fellowships, professorships, and operational and capital projects. Read more here.
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| Photos from the Leadership Summit on Campaign Success |
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On November 7, the Foundation held its first
Leadership Summit on Campaign Success at The Hotel at Arundel Preserve. The summit was attended by more than 50 colleagues in leadership roles across the System and featured keynote speaker Sue Cunningham, president and CEO of the Council for Advancement and Support of Education (CASE); Brian Flahaven, senior director of advocacy for CASE; Bill McGoldrick, founding principal at Washburn & McGoldrick; and Jim Moore, president and CEO of the University of Illinois Foundation. A sincere thank you to all of those who attended and helped make our Leadership Summit a success.
On November 16, the Foundation board met at Towson University's South Campus Pavilion. As always, it was a productive meeting and a great opportunity to gather with the board. We are extremely grateful for the work the board does to enhance the Foundation. Please see the section below titled, "USM Foundation Board Meeting Recap," to see highlights from the meeting.
Have a safe and happy holiday season and as always, please contact me at
[email protected] or 301-445-1941 with any questions or comments.
Sincerely,
Leonard R. Raley
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USM Foundation Boa
 rd Meeting Recap
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The Foundation board met in the newly renovated South Campus Pavilion at Towson University on November 16.
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TU President Kim Schatzel |
President Kim Schatzel welcomed the board to Towson University and noted that the university's reputation is improving nationally. As always, philanthropy is at the core of advancement and university growth at TU, including the university's new $184 million science building that is under construction. Schatzel ended her remarks by reminding the board that Towson University is on the move, that the university matters to the state of Maryland, and that there is much to be proud of at TU.
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| Dr. Bethany Brand |
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Next, the board heard from Dr. Bethany Brand, professor of clinical psychology at TU, who is making remarkable breakthroughs in her field with the help of her students. Dr. Brand studies dissociation, a trauma-related physiological disorder that is not well understood, even in the field. With her students, Dr. Brand created a website called TeachTrauma.com which hopes to inform the public on trauma. To follow up Dr. Brand's presentation, board member Stephen Lazinsky informed the board about the Stop the Bleed Campaign from the R Adams Cowley Shock Trauma Center at UMB. The program aims to teach the public how to act as an immediate responder and save lives by learning proper bleeding control techniques. Read more here.
Following this, the board received the Governance Committee report from committee chair Harry S. Johnson. The board thanked directors moving to honorary status and welcomed new members. Please see section below titled "New Board Members" for more information.
Larry D. Boggs gave a very positive Investment Committee report, and thanked Sam Gallo and the investment staff for their great work over the past year. In FY17, the Foundation took less risk to earn above-average returns, and the endowment portfolio ended the fiscal year with a +12.9% return, its policy benchmark experiencing a +10.5% return. Furthermore, the USM Foundation is in the top quartile in both the three-year and five-year Sharpe ratio. Lastly, the operating portfolio ended the fiscal year with a +5.2% one-year return, its policy benchmark experiencing a +3.8% return.
The meeting concluded with the President's Report by Leonard Raley. In FY18, the Foundation will initiate a new strategic planning process. As such, Leonard presented a "strategic plan report card," which reflected on the goals of the Foundation and the Foundation's performance on the last strategic plan, which was implemented in 2013. Please click here to see the full presentation.
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New Board
Members
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We are thrilled to welcome three new members to our board,
Lieutenant General Joe N. Ballard,
Gail Segal Elmore, and
James Holzapfel.
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LTG Joe N. Ballard |
Lieutenant General Ballard serves as President and Chief Executive Officer of The Ravens Group, Inc., a government contracting company located in suburban Washington, DC. He also serves as Executive Director of Governmental Relations for EnviRemed, LLC, an environmental company in North Carolina. In his last military assignment, LTG Ballard held a three-star command position, and was the 49th Chief of Engineers and Commander, United States Army Corps of Engineers.
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| Gail Segal Elmore |
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Gail Segal Elmore is Executive Vice President of LW Investment Management (USA) LLC and a trustee of the University of Maryland College Park Foundation. LW Investment Management (USA) LLC, is a Florida-registered investment adviser focused on business in Latin America. Prior to this position, Elmore served as Managing Director for Bank of America's emerging markets sales trading and research. Elmore holds a BA and BS from the University of Maryland, College Park and UMUC, respectively, and holds a Masters of International Management from Thunderbird's School of Global Management.
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James Holzapfel |
James Holzapfel is Managing Director - Investments with The Holzapfel Investment Group of Wells Fargo Advisors, LLC in Hagerstown, Maryland. Holzapfel is a life-long Marylander and is a third-generation graduate of the University of Maryland, College Park. He serves on the USM Board of Regents, and has served as president of the Hagerstown/Washington County Chamber of Commerce, chairman of the Hagerstown Commercial Industrial Commission, and vice chairman of the Washington County Economic Development Commission, among other positions.
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Gifts Around the System
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A. James Clark |
which also ranks among the largest gifts to a public research institution in the 21st century. The A. James & Alice B. Clark Foundation invested $219.5 million, which will propel the A. James Clark School of Engineering to the forefront of education and research worldwide. The investment will establish and fund scholarships, fellowships, professorships, and operational and capital projects. A. James Clark graduated from UMCP in 1950 and passed away in 2015. His legacy lives on thanks to his generosity and philanthropy.
The
University of Maryland, Baltimore County received
a $6 million gift from the George and Betsy Sherman Family Foundation to establish a new Center for Early Learning in Urban Communities and to expand the work of the Sherman STEM Teacher Scholars program. The center aims to improve STEM, literacy, and mathematics practices in early childhood education and will begin working with Mary G. Farring Elementary/Middle and Lakeland Elementary/Middle, both located in Baltimore. The Sherman STEM Teacher Scholars program will also benefit from the gift, and over the next five years the program will receive more financial support for students and additional staff members to help with recruitment of candidates from groups that are underrepresented in teaching.
Salisbury University received three major gifts this fall. First, the university
received a $2.5 million gift from the Richard A. Henson Foundation to support the Richard A. Henson School of Science and Technology. The gift builds on Henson's initial endowment and subsequent gifts.
In September,
Tom and Nancy Jones announced a $50,000 endowment gift
that will provide financial resources for undergraduate students to conduct research and present their work in the biological, environmental, and marine sciences. Tom Jones is a former biological sciences professor, dean and provost at SU.
In October,
Salisbury University
received a $1 million gift from the Ratcliffe Foundation, that builds on the Ratcliffe Foundation's initial $1 million gift in 2013, which established The Ratcliffe Shore Hatchery entrepreneurship competition in SU's Franklin P. Perdue School of Business.
The
University of Baltimore
received a gift from Patricia and Mark Joseph through The Shelter Foundation, which has committed to fund as many as six scholarships for full-time city-based students newly enrolled at UB. Special consideration will be given to students who are part of the university's Dual Enrollment program.
The
University of Maryland Eastern Shore's PGA golf management program
received a $20,000 gift from Constellation, an Exelon Company, which will be used to purchase computerized teaching equipment and upgrade the irrigation on the on-campus practice green.
Bowie State University has
established a new endowed scholarship fund to honor late BSU alumna April Carter ('02, '16). The April Carter Endowed Fund was started with an initial $10,000 donation from the PRD2BME Foundation, which Carter started in 2000. The BSU Foundation matched the donation and created a $20,000 endowment to fund scholarships, books, equipment, and fees for secondary education students at the university. In September, Carter's family and PRD2BME Foundation representatives presented a $10,000 check to BSU President Aminta Breaux.
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USM News Briefs
The
University of Maryland Eastern Shore has received a $2.5 million grant extension from the U.S. Department of Education that will support Upward Bound, a program that makes college education a realistic goal for low-income and first-generation students. The grant extension will allow the program to expand its year-round activities that are designed to make a university education appealing to Lower Shore high schoolers, who may not believe college is an option after graduation. The grant funds academic enrichment programming such as after-school tutoring and educational trips.
Read more here.
Coppin State University
won the Greater Baltimore Committee's 14th Annual Bridging the Gap Award in November. The award recognizes CSU's partnership with PNC Bank and Open Works Baltimore, the first of its kind between a public HBCU and a co-working space organization like Open Works Baltimore. CSU was honored on November 1 during a ceremony honoring minority and women-owned firms for business achievement, and efforts to strengthen minority business development.
Read more here.
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Renaissance Academy |
The
University of Maryland, Baltimore in partnership with the Baltimore Ravens has helped to renovate Renaissance Academy High School. This past summer, the Ravens gifted the high school $1.5 million in order to finance much needed renovations. The high school is part of UMB's Promise Heights initiative, which seeks to improve the lives of children and families in impoverished neighborhoods in Baltimore. In September, UMB President Jay Perman, Mayor Pugh, and Ravens Benjamin Watson and Ed Reed spoke at a news conference to kick off the newly renovated school.
Read more here.
Towson University has joined the Baltimore Integration Partnership, a collective impact initiative of higher education institutions, hospitals, public, nonprofit, and foundation partners that are focused on establishing economic inclusion as the business culture of norm in the Baltimore region. Coppin State University, the University of Baltimore, and the University of Maryland Medical Center are also partners in the Baltimore Integration Partnership.
Read more here.
University of Maryand BioPark
was named an Outstanding Research Park by The Association of University Research Parks in October. Over the past 12 years, University of Maryand BioPark has created a community of innovation while participating in the rejuvenation of West Baltimore. The research park has generated over $400 million in capital investment.
Read more here.
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A. James Clark Hall Dedicated
The construction of A. James Clark Hall is underway
at UMCP. The 184,000-square-foot building will house the university's bioengineering program and millions of dollars worth of equipment that will allow students to conduct science on a nano-scale. On Friday, November 10, the hall was dedicated at a ceremony in recognition of the generosity and vision of the late A. James Clark.
"My father felt the University's decision to name the School of Engineering after him was the most meaningful honor he would ever receive," said Courtney Clark Pastrick, board chair of the A. James & Alice B. Clark Foundation. "I think he would be humbled to have this cornerstone of innovation named in his honor. Our family is proud of its potential to truly transform the future of education and health in our world."
The building is being constructed by the Clark Construction Group, thanks in part to a $15 million donation Jim Clark made in order to support the design and construction of the new hall. Construction on the building had already started when UMCP learned of the historic $219.5 million gift from the A. James Clark and Alice B. Clark Foundation. The gift is expected to benefit scholarships for students, new endowed faculty positions, and future engineering buildings and programs, among other things.
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BSU President Aminta Breaux Receives First Bowie BIC Trailblazer Award
On November 14, President Aminta Breaux received Bowie Business Innovation Center's (BIC) Trailblazer Award. The award honors individuals whose leadership and vision transforms, or reinvents the approach to innovation in business, education, or government. The Bowie BIC is headquartered at BSU and is the only business accelerator in Maryland at an HBCU.
Breaux is the first female president of Bowie State University and the tenth president of the university. In her remarks at the Trailblazer Business Luncheon, Breaux stated that in higher education, only about 30% of presidents are women. The statistic is similar in HBCUs across the nation as well. However, in the University System of Maryland, 100% of our HBCU presidents are women.
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Chancellor Bob Caret Elected as Chair of Association of Public and Land-grant Universities Board of Directors
Chancellor Caret has been elected as chair of the Association of Public and Land-grant Universities (APLU). Through research, policy, and advocacy, APLU is dedicated to strengthening and advancing the work of public universities.
"Bob Caret has an exceptional record of leading public universities to greater academic excellence, research impact, and community engagement," said APLU President Peter McPherson. "We're very pleased he has been chosen as the next chair of the APLU Board of Directors and we look forward drawing on his expertise and leadership over the coming year." Read more here.
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The Daily Record names Kim Schatzel a Most Admired CEO
In September, TU President Kim Schatzel was named one of
The Daily Record
's Most Admired CEOs of 2017. According to
The Daily Record
's publisher, Suzanne Fischer-Huettner, "To be a Most Admired CEO means that you have gained the respect and admiration of those around you. It means you are making a positive impact on the lives of others."
President Schatzel is the only university president to be recognized on the list.
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UMCES Breaks Ground on Solar Field
UMCES and Standard Solar broke ground on a 10-acre solar field at the Horn Point Laboratory's campus on September 7. The partnership between UMCES and Standard Solar will generate sustainable energy to the Horn Point Laboratory campus, that will account for approximately 50 percent of the Laboratory's annual energy consumption by spring of 2018. This past spring, UMCES signed a Power Purchase Agreement with Standard Solar. Standard Solar will install and operate the solar panels in exchange for use of the land. Furthermore, UMCES has agreed to purchase the equivalent energy that is generated over the next 20 years from Standard Solar. The solar field will support economic growth through electricity bill reduction, address environmental concerns, and support UMCES' innovative efforts towards reducing environmental footprint.
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Governor Hogan to Fund FSU's Office of Regional Development and Engagement
In October, Governor Larry Hogan announced a state investment of $300,000 to establish an Office of Regional Development and Engagement at Frostburg State University. The investment will help grow Western Maryland's economy by integrating FSU's resources
with regional partners to help communities and companies compete and meet the challenges of economic and community development. The new office will focus on three main priorities--sharpening and supporting the regional focus on industry clusters identified for their potential in the region, regional entrepreneurship, and education in collaboration with the area's community colleges.
Read more here.
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Kurt Schmoke and Bob Caret Named to The Daily Record's Icon Honors List
UB President Kurt Schmoke and Chancellor Bob Caret have been named winners of the inaugural Icon Honors award by The Daily Record.
The award recognizes Maryland business leaders over the age of 60 for their notable success and demonstration of strong leadership in and outside their fields. The awardees have moved their businesses and the state forward by growing jobs and making a difference in the community.
In order to be eligible for the award, honorees must have a long-standing commitment to the Maryland business community and significant professional accomplishments through innovation and leadership. The Icon Honor recipients must also be champions of their industries and demonstrate a sustained commitment to community service.
The list also includes UMB Dean Dr. E. Albert Reece, former MD State Schools Superintendent Nancy Grasmick, and former Regent Mike Gill. Read the full list here.
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