2015 ANNUAL REPORT
U n i v e r s i t y o f M a r y l a n d B a l t i m o r e F o u n d at i o n , I n c
ANNUAL REPORT | 2015
U n i v e r s i t y o f M a r y l a n d B a l t i m o r e F o u n d at i o n , I n c
2015 ANNUAL REPORT
ANNUAL REPORT | 2015
LETTER fROm ChAiR
The University of Maryland Baltimore Foundation, Inc. (UMBF) is an independent entity that manages and invests private gifts and/or property for the benefit of the University of Maryland, Baltimore (UMB), facilitates fundraising programs and contributions from private sources, and engages in other activities to support the University’s strategic mission and goals.
The UMBF Board of Trustees is comprised of influential and committed leaders who are dedicated to serving the interests of the University. The trustees serve as advisors to President Jay A. Perman, MD, on matters affecting UMB’s campus, its programs, and the community it serves and to promote UMB through advocacy, collaboration, and by enlisting the financial support of alumni, faculty, staff, and friends.
During the past year, contributions and investment earnings have combined to increase our total assets to almost $275 million, an 11 percent increase from 2014. This growth allows us to expand private support for many programs.
Philanthropic support is vital to ensure the University’s continued advancement as one of the nation’s top academic health, law, and human services institutions. The six professional schools and Graduate School at UMB benefit individually from this generosity as well. UMBF provides opportunities for alumni, friends, foundations, corporations, and others to support the strategic mission and goals of UMB.
This year we celebrated the service of six trustees who had served maximum terms and were elected to emeritus status: Ed Brody, Jim Earl, Mort Fisher, Dick Himelfarb, Kyle Legg, and J.C. Weiss. The cumulative contributions of these outstanding trustees is simply enormous. At the same time we were delighted to welcome the following new trustees to the board: Nabil Emad (Dentistry ’87), Pat Florestano, and Mary Gregory. They each bring tremendous strengths to our board.
We also celebrated the success of the UMB Foundation Scholarship Matching Program that has supported the creation of almost $7 million in new endowed scholarship funds. With loan indebtedness at an all-time high, we are proud to partner with our donors to support our students and their families.
On behalf of my fellow trustees, I thank all who contributed to the University during the past fiscal year. Please know that your gifts are having an important impact at a University whose impact has never been greater. Thank you!
Janet S. OwensUmBf ChAiR
▲ Janet S. Owens
U n i v e r s i t y o f M a r y l a n d B a l t i m o r e F o u n d at i o n , I n c
2015 ANNUAL REPORT
ANNUAL REPORT | 2015
UmB’s 20Th GALA LOOks BACk ANd AhEAd Story by Chris Zang
President Jay A. Perman, MD, went “back to the future” to headline the University of Maryland, Baltimore’s 20th annual Founders Week Gala on Oct. 17. Instead of a DeLorean, the featured mode of transportation in the iconic 1985 film, Perman utilized a “UMB Smart Car” to go back to Oct. 24, 1996, the date of UMB’s first Gala, in a video that opened the 2015 celebration.
After a dizzying cosmic trip back to 1996, Perman came across black-and-white pictures from the first Gala and such milestones as the birth of Dolly, the first cloned sheep, and Under Armour, Kevin Plank’s sports apparel company, as well as Eddie Murray’s 500th home run and the Ravens’ first game (and victory!).
“It’s almost time for the 2015 Gala. I better get back fast,” Perman says in the video, before dashing to the podium in his lab coat to begin the 2015 festivities to the delight of more than 500 students, faculty, staff, and supporters at the Hyatt Regency.
Founders Week, the celebration honoring UMB’s history and people, actually began as Founders Day in 1996. Then-UMB President David J. Ramsay, DM, DPhil, and his wife, Anne, wanted a day expressly dedicated to commemorating not only the University’s rich heritage that dates to 1807 but also its sustained excellence. The first Founders Day consisted of a student breakfast in the morning, a research lecture in the afternoon, and a Gala in the evening.
It quickly grew to Founders Week, which this year includes a student cookout, Researcher of the Year lecture, staff luncheon, Entrepreneur of the Year presentation, a food truck rally, the Medical Alumni Association’s Clinicopathological Conference, and the Gala.
At the Gala, in addition to the opening video featuring Perman and James L. Hughes, MBA, chief enterprise and economic development officer and vice president, awards were given out, as they were at the first Gala in 1996. In fact, two of that night’s award winners — Myron Levine, MD, DTPH, associate dean for global health, vaccinology, and infectious diseases in the School of Medicine, and Lu Ann Marshall, academic coordinator in the Carey School of Law — are still part of the UMB Family.
▲ C. Daniel Mullins, PhD; Fadia Shaya, PhD, MPH, Natalie Eddington, PhD, FCP, FAAPS, dean of the School of Pharmacy, Elias Shaya; and Ellen Yankellow, PharmD ‘96, BSP ‘73 enjoy the gala.
▲ Dean Reece, Chris Meenan, Jay Perman and Jim Hughes.
▲ Dr. Perman and Dean Reynold flank Norman Tinanoff, winner of the 2015 Public Servant of the Year Award.
U n i v e r s i t y o f M a r y l a n d B a l t i m o r e F o u n d at i o n , I n c
2015 ANNUAL REPORT
ANNUAL REPORT | 2015
Christopher Meenan, research associate in the School of Medicine’s Department of Diagnostic Radiology and Nuclear Medicine, was recognized as 2015 Entrepreneur of the Year for co-founding Analytical Informatics (AI), a Baltimore-based health informatics company dedicated to improving clinical analytics. Meenan developed a solution for a problem facing his department, then persevered to apply it to a national audience through AI.
Norman Tinanoff, DDS, MS, professor in the Department of Pediatric Dentistry at the School of Dentistry, is Public Servant of the Year for his legislative efforts In raising access to oral health care services for Maryland’s poor children from the worst in the country (18 percent) in 1999 when he joined the school faculty to today when over 68 percent of Maryland Medicaid children receive an annual dental visit — one of the highest access rates in the country.
Margaret McCarthy, PhD, professor and chair of the School of Medicine’s Department of Pharmacology, was lauded as Researcher of the Year for her remarkable discoveries of the novel ways in which the brain is formed in males and females, leading the National Institutes of Health to announce that sex must be accounted for, controlled for, and incorporated into all preclinical research funded by that agency.
UMB’s 2015 Teacher of the Year is Edward Pecukonis, PhD, MSW, associate professor and director of maternal and child health (MCH) training at the School of Social Work. A champion of interprofessional education, gathering students from various UMB schools and teaching them to work as a team, Pecukonis has led a flourishing MCH training program for 18 years and now serves as coordinator of the School of Social Work’s Center for Excellence in Motivational Interviewing.
After the award presentations, dinner, and salutes to UMB’s philanthropic partners, the 20th anniversary Gala ended with a special treat, a performance by the Capitol Steps, a political satire comedy troupe who say “We put the Mock in democracy.”
To see more about Founders Week, visit http://founders.umaryland.edu/.
Story continued from previous page
▲ Dean Barth and Dr. Perman with Ed Pecukonis, winner of the 2015 Teacher of the Year Award.
▲ Dean Reece and Dr. Perman with Peg McCarthy, winner of the 2015 Researcher of the Year Award.
U n i v e r s i t y o f M a r y l a n d B a l t i m o r e F o u n d at i o n , I n c
2015 ANNUAL REPORT
ANNUAL REPORT | 2015
sTATEmENT Of fiNANCiAL POsiTiONJUNE 30, 2015
LiABiLiTiEs and NET AssETs 2015
CURRENT LiABiLiTiEs
Accounts payable and accrued expenses 1,826,831
OThER LiABiLiTiEs
Payable under split-interest agreements 1,165,223
Total Liabilities 2,992,054
NET AssETs
Unrestricted 32,918,593
Temporarily restricted 87,039,826
Permanently restricted 150,581,764
Total net assets 270,540,183
TOTAL LiABiLiTiEs & NET AssETs 273,532,237
AssETs 2015
CURRENT AssETs
Cash and cash equivalents 3,536,603
Due from other foundations 20,687
Contributions receivable - current portion 18,091,979
Total current assets 21,649,269
iNvEsTmENTs
Endowments 154,032,892
Operating 63,944,175
Total investments 217,977,067
OThER AssETs
Contributions receivable - non-current portion 28,622,186
Assets held under split-interest agreements 2,426,243
Other assets 2,857,472
Total other assets 33,905,901
TOTAL AssETs 273,532,237
U n i v e r s i t y o f M a r y l a n d B a l t i m o r e F o u n d at i o n , I n c
2015 ANNUAL REPORT
ANNUAL REPORT | 2015
100
150
200
250
300
50
100
150
200
40
50
60
70
80
15
20
25
30
-30-25-20-15-10-505
1015
20
-12-10-8-6-4-202468
1012
TOTAL AssETs (in millions)
CURRENT UsE iNvEsTmENT (in millions)
ENdOWmENT iNvEsTmENT RETURNs*
ENdOWmENT iNvEsTmENT (in millions)
TOTAL ExPENdiTUREs (in millions)
CURRENT UsE iNvEsTmENT RETURNs
2009 20122010 20132011 2014 2015 2009 20122010 20132011 2014 2015
2009 20122010 20132011 2014 2015 2009 20122010 20132011 2014 2015
2009 20122010 20132011 2014 20152009 20122010 20132011 2014 2015
140
-27.15
44
66
18
-10.05
198
0.71
53
114
21
2.36
155
13.85
49
80
19
10.48
217
7.02
54
128
23
3.68
182
17.54
52
103
20
6.1
247
12.32
61
147
26
6.02
274
4.00
67
154
26
1.54
* Investment return rates may be updated from time to time as new information becomes available.
fOUNdATiON fiNANCiAL PROfiLE