University of Maryland Foundation Inc
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.
University of Maryland Foundation Inc at a glance
In short: University of Maryland Foundation Inc gave $8.4M across 5 grants in 2025 (avg $1.7M), mostly in Maryland. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $8,356,924
- -22.5% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $1,671,385
- -22.5% vs 2024
- Median grant
- $730,337
- Total assets
- $2,569,545,617
- +6.4% vs 2024
- Primary geography
- Maryland (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who University of Maryland Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Univeristy of Maryland College Park ($4.4M). Together the top 5 received $8.4M.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was in the $1–5M range: 16 grants of 31 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How University of Maryland Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−17%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $8.4M (2025) to $10.8M (2024). In 2025 it made 5 grants totaling $8.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Univeristy of Maryland College Park College Park, MD | Program Services | $4,357,212 |
| Umbc Baltimore, MD | Program Services | $2,548,517 |
| Umces Cambridge, MD | Program Services | $730,337 |
| Umes Princess Anne, MD | Program Services | $592,661 |
| University of Maryland Baltimore Baltimore, MD | — | $128,197 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,569,545,617 | $75,540,447 | $43,958,030 | $8,356,924 | 5 | $48,401,244 |
| 2024 | $2,414,480,358 | $77,068,370 | $43,119,335 | $10,776,438 | 5 | $25,121,349 |
| 2023 | $2,282,585,813 | $46,875,365 | $40,792,258 | $9,563,260 | 6 | $15,194,367 |
| 2022 | $2,188,081,766 | $97,078,608 | $36,454,677 | $10,042,938 | 7 | $39,279,341 |
| 2021 | $2,110,990,979 | $62,167,598 | $31,770,458 | $9,008,387 | 8 | $18,679,925 |
| 2020 | $1,643,859,648 | $61,891,724 | $34,178,679 | $10,004,229 | 10 | $21,811,318 |
About University of Maryland Foundation Inc
Based on IRS filings
University of Maryland Foundation Inc is a public charity focused on Education, based in Adelphi, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.6B in total assets. In 2025, it awarded 5 grants totaling $8.4M. Net investment income was $48.4M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
University of Maryland Foundation Inc is led by Leonard R Raley, Chief Executive Officer on every filing since 2020; 10 of 54 officers listed in 2025 are compensated.
Officers on the 2025 filing
Leonard R Raley
Chief Executive Officer
On filings since 2020
40 hrs/week
$397K (2020) → $421K (2025)
Roy Hossler
Director of Business Operations
On filings since 2020
40 hrs/week
$151K (2020) → $214K (2025)
Michal Pramik
Director of Private Markets
Senior Investment Analyst → Director of Private Markets, 2025
On filings since 2024
40 hrs/week
$317K (2024) → $357K (2025)
Nebiyu Teshome
Director of Accounting
On filings since 2024
40 hrs/week
$161K (2024) → $192K (2025)
Alan Cason
Director
On filings since 2020
No compensation reported
Alicia Ritchie
Director
On filings since 2020
No compensation reported
Anirban Basu
Director
On filings since 2020
No compensation reported
Barry Gossett
Director
On filings since 2020
No compensation reported
Brian Nelson
Director
On filings since 2020
No compensation reported
Christine Chandler
Director
On filings since 2020
No compensation reported
Craig Norhtrop
Director
On filings since 2020
No compensation reported
David Vahos
Director
On filings since 2020
No compensation reported
Donald Scheeler
Director
On filings since 2020
No compensation reported
Eric Francis
Director
On filings since 2020
No compensation reported
Frank Islam
Director
On filings since 2020
No compensation reported
Gail Elmore
Director
On filings since 2020
No compensation reported
Harry Johnson
Director
On filings since 2020
No compensation reported
J Mitchell Neitzey
Director
On filings since 2020
No compensation reported
Joe N Ballard
Director
On filings since 2020
No compensation reported
Jose Antonio Tijerino
Director
On filings since 2020
No compensation reported
Kimberly Stokes
Director
On filings since 2020
No compensation reported
Linda Ellen Jones
Director
On filings since 2020
No compensation reported
Linda Gooden
Director
On filings since 2020
No compensation reported
Lonnie Robbins
Director
On filings since 2020
No compensation reported
Patricia D Murray-Newby
Director
On filings since 2020
No compensation reported
Sang Oh
Director
On filings since 2020
No compensation reported
Stacey Ullrich
Director
On filings since 2020
No compensation reported
David Young
Director
On filings since 2021
No compensation reported
Alexandra von Paris
Director
On filings since 2022
No compensation reported
Christopher Evans
Director
On filings since 2022
No compensation reported
Gregory S Abel
Director
On filings since 2022
No compensation reported
Hope Brown
Director
On filings since 2022
No compensation reported
Robert Owen Johnson
Director
On filings since 2022
No compensation reported
Brian Meenaghan
Director
On filings since 2023
No compensation reported
Crystal Watkins-Johansson
Director
On filings since 2023
No compensation reported
Hugh Breslin
Director
On filings since 2023
No compensation reported
Sara Fernandez Cendon
Director
On filings since 2023
No compensation reported
Arthur Greenberg
Director
On filings since 2024
No compensation reported
Barry Garber
Director
On filings since 2024
No compensation reported
Brian Gibbons
Director
On filings since 2024
No compensation reported
Ed McDonald
Director
On filings since 2024
No compensation reported
Lisa Kidd Hunt
Director
On filings since 2024
No compensation reported
Mark Levine
Director
On filings since 2024
No compensation reported
Michael Guirgus
Director
On filings since 2024
No compensation reported
Ruchi Mehta
Director
On filings since 2024
No compensation reported
Sandra Adams
Director
On filings since 2024
No compensation reported
Steven Sibel
Director
On filings since 2024
No compensation reported
Stuart Silberg
Director
On filings since 2024
No compensation reported
Chris Ingram
Senior Sustainability & Public Markets Analyst
On filings since 2020
40 hrs/week
$223K (2020) → $449K (2025)
Ralph Partlow
General Counsel - Retiring
General Counsel → General Counsel - Retiring, 2025
On filings since 2020
40 hrs/week
$148K (2020) → $134K (2025)
Sharcus Steen
CIO
Director of Investments → Director of Investments & Interim CIO, 2023
Director of Investments & Interim CIO → CIO, 2025
On filings since 2020
40 hrs/week
$335K (2020) → $1.4M (2025)
Tom Gilbert
Chief Financial Officer & COO
Chief Financial Officer → Chief Financial Officer & COO, 2024
On filings since 2020
40 hrs/week
$295K (2020) → $438K (2025)
Charlie Sexton
Senior Investment Analyst
On filings since 2021
40 hrs/week
$139K (2021) → $452K (2025)
Rebecca Salsbury
General Counsel
New on the 2025 filing
40 hrs/week
$138K (2025)
Former officers (35)
- Former: Samuel Gallo (2020–2024) — CIO & Departing CIO
- Former: Mary Clapsaddle (2022–2024) — Director
- Former: Robert Wallace (2024) — Director
- Former: Alicia Wilson (2020–2023) — Director
- Former: B Gary Dando (2020–2023) — Director
- Former: Bonnie B Stein (2020–2023) — Director
- Former: Chad Mitchell (2020–2023) — Senior Investment Analyst
- Former: Charles W Cole (2020–2023) — Director
- Former: Joseph R Hardiman (2020–2023) — Director
- Former: Joseph V Bowen (2020–2023) — Director
- Former: Larry D Boggs (2020–2023) — Director
- Former: Paul H Mullan (2020–2023) — Director
- Former: Robert Milkovich (2020–2023) — Director
- Former: Thomas Schweizer Jr. (2020–2023) — Director
- Former: V Raymond Ferrara (2020–2023) — Director
- Former: Viju Joseph (2020–2023) — Director
- Former: William Couper (2020–2023) — Director
- Former: Bruce Richards (2020–2022) — Director
- Former: James Holzapel (2020–2022) — Director
- Former: Gary Gill (2022) — Director
- Former: Robert Neall (2022) — Director
- Former: Albert E Girod (2020–2021) — Director
- Former: Cary Hatch (2020–2021) — Director
- Former: Eric E McLauchlin (2020–2021) — Director
- Former: Francis Contino (2020–2021) — Director
- Former: Francis Soitsman (2020–2021) — Director
- Former: Molly Shock (2020–2021) — Director
- Former: Natalie B Sherman (2020–2021) — Director
- Former: Ralph Lary III (2020–2021) — Director
- Former: Thomas L Wilson (2020–2021) — Director
- Former: C Emmerson Small II (2020) — Director
- Former: H Christopher Goodrich (2020) — Director
- Former: Kate Koyfman (2020) — Endowment Accounting Manager
- Former: Pamela Purcell (2020) — Vice President & General Counsel
- Former: William Hassan Murphy (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1.4M, to Sharcus Steen (CIO). 10 officers or directors reported compensation on that filing.
Frequently asked questions about University of Maryland Foundation Inc
How much does University of Maryland Foundation Inc give each year?
University of Maryland Foundation Inc gave $8.4M across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $10.8M across 5 grants.
What is University of Maryland Foundation Inc's typical grant size?
University of Maryland Foundation Inc's median grant in 2025 was $730,337, and its average grant was $1,671,385, across 5 grants on its 2025 IRS Form 990.
Where does University of Maryland Foundation Inc give grants?
University of Maryland Foundation Inc gives mostly in Maryland: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Baltimore, MD (2 grants).
Does University of Maryland Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on University of Maryland Foundation Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Program Services" (4 grants).
Who are University of Maryland Foundation Inc's largest grantees?
University of Maryland Foundation Inc's largest 2025 grantees include Univeristy of Maryland College Park ($4,357,212), Umbc ($2,548,517) and Umces ($730,337), according to its 2025 IRS Form 990. Together they received 91% of its itemized 2025 grant dollars.
How large is University of Maryland Foundation Inc?
University of Maryland Foundation Inc reported $2.6B in total assets on its 2025 IRS Form 990. Its revenue that year was $75.5M.
What is University of Maryland Foundation Inc?
University of Maryland Foundation Inc is a public charity focused on Education, based in Adelphi, MD. It holds $2.6B in total assets as of 2025.
What is University of Maryland Foundation Inc's EIN?
University of Maryland Foundation Inc's EIN (Employer Identification Number) is 52-1125663. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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