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University of Maryland College Park Foundation Endowment Fund

Name: University of Maryland College Park Foundation

Assets Under Management: $408.1 Million (Source: University of Maryland College Park Foundation on 8/6/2014)

Annual Report: University of Maryland College Park Foundation, Inc. Consolidated Financial Statements June 30, 2014 and 2013

Portfolio Insights: “University of Maryland College Park Foundation, Inc. (the “Foundation” or “UMCPF”), an independent foundation incorporated in 2000, manages funds received for the benefit of the University of Maryland Park (“UMCP”).

The consolidated financial statements of the Foundation have been prepared on the accrual basis of accounting. As described in Note 1, the consolidated financial statements include the accounts of the Foundation and the LLCs’, after elimination of all significant intercompany accounts and transactions.” (Source)

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Top University of Maryland College Park Foundation Endowment Fund Headlines:

1) The University of Maryland College Park Foundation’s endowment funds grew by more than $25 million from fiscal years 2013 to 2014 — a 10.2 percent change in market value, according to the 2014 NACUBO-Commonfund Study of Endowments. With $273 million in endowment funds in fiscal 2014, this university ranked 253 out of 851 colleges and universities listed in the study released Thursday. Among Big Ten schools, this university placed last on NACUBO’s list, behind No. 9 University of Michigan, No. 24 Ohio State University and No. 27 The Pennsylvania State University. (Source)

2) The University of Maryland College Park Foundation, a nonprofit organization housed in the school’s University Relations department, is leading fundraising efforts for the project. Remington leads both the foundation and the department.

So far, the foundation has “official, formal, booked commitments” from about 20 donors for about $4.5 million, Remington said. Many of the donors are longtime Maryland supporters who have already given millions to other projects on campus, including athletics and scholarship funds. (Source)

3) Joseph B. Gildenhorn was the US Ambassador to Switzerland from 1989-1993. He is a partner in the law firm of Brown, Gildenhorn and Jacobs, Washington, DC, and Founder, Officer and Director of The JBG Companies, a real estate development and management firm.

He is presently Chairman of the Board of Trustees of the Woodrow Wilson International Center for Scholars. He is a Trustee and Chairman of the Executive Committee of the University of Maryland College Park Foundation; a member of the Advisory Board of the Center for Strategic and International Studies; a member of the boards of the Institute for the Study of Diplomacy at Georgetown University and United Nations Watch, Geneva. (Source)

4) The University of Maryland has recruited Ken Ulman, the former Howard county executive who ran unsuccessfully for lieutenant governor, to transform College Park into a Silicon Valley-like hub filled with incubators and start-up companies.

Ulman announced Monday that he has formed a consulting firm, Margrave Strategies, and said the firm’s first principal client will be the University of Maryland College Park Foundation, the university’s separate fundraising arm. (Source)

5) The University of Maryland College Park Foundation drives investments in the campus and leverages private funds to help the university become a top research institution.
Margrave will work to enhance UMd.’s role as a catalyst for innovation, and Ulman will work to diversify revenue streams, foster investment in startups as well as university programs with growth potential, bring investment to the University Research Park and further develop the Route 1 corridor. (Source)

About Richard C. Wilson