University Of Maryland Baltimore Foundation Inc, operating under the name UMBF INC UMB FOUNDATION UMB Foundation, is located in Baltimore, MD. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. UMBF INC UMB FOUNDATION UMB Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, UMBF INC UMB FOUNDATION UMB Foundation generated $64.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $34.0m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, UMBF INC UMB FOUNDATION UMB Foundation has awarded 133 individual grants totaling $162,178,589. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT/RECEIVE CONTRIBUTIONS/GRANTS FROM GENERAL PUBLIC TO HOLD, INVEST AND ADMINISTER THESE FUNDS AND PAY EXPENDITURES FOR UNIVERSITY AND SERVE IN ADVISORY ROLE TO PRESIDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMEMORATING ITS 210TH ANNIVERSARY, THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE (UMSOM) WAS CHARTERED IN 1807 AS THE FIRST PUBLIC MEDICAL SCHOOL IN THE UNITED STATES. NOW IN ITS THIRD CENTURY, THE UMSOM WAS CHARTERED IN 1807 AS THE FIRST PUBLIC MEDICAL SCHOOL IN THE UNITED STATES. IT CONTINUES TODAY AS ONE OF THE FASTEST GROWING, TOP-TIER BIOMEDICAL RESEARCH ENTERPRISES IN THE WORLD - WITH 46 ACADEMIC DEPARTMENTS, CENTERS, INSTITUTES, AND PROGRAMS, AND A FACULTY OF MORE THAN 3,000 PHYSICIANS, SCIENTISTS, AND ALLIED HEALTH PROFESSIONALS, INCLUDING MEMBERS OF THE NATIONAL ACADEMY OF MEDICINE AND THE NATIONAL ACADEMY OF SCIENCES, AND A DISTINGUISHED TWO-TIME WINNER OF THE ALBERT E. LASKER AWARD IN MEDICAL RESEARCH. THE SCHOOL OF MEDICINE, WHICH RANKS AS THE 8TH HIGHEST AMONG PUBLIC MEDICAL SCHOOLS IN RESEARCH PRODUCTIVITY (ACCORDING TO THE ASSOCIATION OF AMERICAN MEDICAL COLLEGES PROFILE) IS AN INNOVATOR IN TRANSLATIONAL MEDICINE, WITH 606 ACTIVE PATENTS AND 52 START-UP COMPANIES. IN THE LATEST U.S. NEWS & WORLD REPORT RANKING OF THE BEST MEDICAL SCHOOLS, PUBLISHED IN 2021, THE UMSOM IS RANKED #9 AMONG THE 92 PUBLIC MEDICAL SCHOOLS IN THE U.S., AND IN THE TOP 15 PERCENT (#27) OF ALL 192 PUBLIC AND PRIVATE U.S. MEDICAL SCHOOLS. THE SCHOOL OF MEDICINE WORKS LOCALLY, NATIONALLY, AND GLOBALLY, WITH RESEARCH AND TREATMENT FACILITIES IN 36 COUNTRIES AROUND THE WORLD. WITH AN OPERATING BUDGET OF MORE THAN $1.3 BILLION, THE SCHOOL OF MEDICINE WORKS CLOSELY IN PARTNERSHIP WITH THE UNIVERSITY OF MARYLAND MEDICAL CENTER AND MEDICAL SYSTEM TO PROVIDE RESEARCH-INTENSIVE, ACADEMIC AND CLINICALLY-BASED CARE FOR NEARLY 2 MILLION PATIENTS EACH YEAR. THE SCHOOL OF MEDICINE HAS NEARLY $600 MILLION IN EXTRAMURAL FUNDING, WITH MOST OF ITS ACADEMIC DEPARTMENTS HIGHLY RANKED AMONG ALL MEDICAL SCHOOLS IN THE NATION IN RESEARCH FUNDING. AS ONE OF THE SEVEN PROFESSIONAL SCHOOLS THAT MAKE UP THE UNIVERSITY OF MARYLAND, BALTIMORE CAMPUS, THE SCHOOL OF MEDICINE HAS A TOTAL POPULATION OF NEARLY 9,000 FACULTY AND STAFF, INCLUDING 2,500 STUDENTS, TRAINEES, RESIDENTS, AND FELLOWS. WHILE OUR MEDICAL STUDENTS COMPRISE NEARLY HALF OF THE TOTAL STUDENT ENROLLMENT, OUR STUDENT BODY ALSO INCLUDES ALLIED HEALTH AND PHYSICAL THERAPY STUDENTS, AS WELL AS GRADUATE STUDENTS AND STUDENTS PURSUING COMBINED DEGREES. WE CURRENTLY HAVE TEN JOINT DEGREE PROGRAMS: TWO DOCTORATE PROGRAMS (MD/PHD AND MD/DDS), SEVEN MD/MASTER'S DEGREE PROGRAMS, AND A DPT/PHD DEGREE PROGRAM WITHIN THE DEPARTMENT OF PHYSICAL THERAPY & REHABILITATION SCIENCES.
THE UMB FOUNDATION SUPPORTS ACADEMIC PROGRAMS AND CLINICAL AND RESEARCH ACTIVITIES IN THE UNIVERSITY OF MARYLAND FRANCIS KING CAREY SCHOOL OF LAW (MARYLAND CAREY LAW). ESTABLISHED IN 1816, MARYLAND CAREY LAW BEGAN REGULAR INSTRUCTION IN 1824. IT IS THE THIRD OLDEST LAW SCHOOL IN THE NATION. THE INNOVATIVE ACADEMIC AND SPECIALTY PROGRAMS HAVE GARNERED NATIONAL AND INTERNATIONAL RECOGNITION. THE MARYLAND CAREY LAW'S EXPERIENTIAL PROGRAMS ARE AMONG THE MOST EXTENSIVE IN THE COUNTRY, INCLUDING THE NATIONALLY RANKED CLINICAL LAW PROGRAM, WHICH OFFERS MORE THAN 75,000 HOURS OF FREE LEGAL SERVICES TO THE STATE OF MARYLAND AND HAS BEEN IN EXISTENCE FOR MORE THAN 40 YEARS. INTERDISCIPLINARY SPECIALTY PROGRAMS ARE OFFERED IN ENVIRONMENTAL LAW AND LAW AND HEALTH CARE. OTHER PROGRAMS INCLUDE ADVOCACY, ALTERNATIVE DISPUTE RESOLUTION, BUSINESS LAW, INTELLECTUAL PROPERTY LAW AND INTERNATIONAL AND COMPARATIVE LAW. THE MARYLAND CAREY LAW SEEKS TO PROMOTE A MORE JUST SOCIETY BY EDUCATING OUTSTANDING LAWYERS AND LEADERS, ADVANCE THE UNDERSTANDING OF LAW AND LEGAL INSTITUTIONS AND ENHANCE ACCESS TO JUSTICE. EXCELLENCE IN TEACHING PREPARES STUDENTS FOR LEADERSHIP AND PROFESSIONAL SUCCESS IN A WIDE RANGE OF CAREERS AND PROMOTES IN BOTH STUDENTS AND FACULTY THE HIGHEST STANDARD OF PUBLIC AND PROFESSIONAL SERVICE.
THE UMB FOUNDATION SUPPORTS ACADEMIC PROGRAMS, RESEARCH AND COMMUNITY WORK AT THE UNIVERSITY OF MARYLAND SCHOOL OF SOCIAL WORK (SSW). SSW'S MISSION IS TO DEVELOP PRACTITIONERS, LEADERS AND SCHOLARS TO ADVANCE THE WELL-BEING OF POPULATIONS AND COMMUNITIES AND TO PROMOTE SOCIAL JUSTICE. AS NATIONAL LEADERS, WE CREATE AND USE KNOWLEDGE FOR EDUCATION, SERVICE INNOVATION, AND POLICY DEVELOPMENT. SSW IS A HIGHLY-RANKED INSTITUTION THAT PRODUCES OUTSTANDING SOCIAL WORKERS WHOSE PRACTICE ADVANCES THE WELL-BEING OF ALL THE PEOPLE THEY SERVE. U.S. NEWS & WORLD REPORT RANKS THE SCHOOL 21ST IN THEIR LIST OF SOCIAL WORK GRADUATE SCHOOLS IN AMERICA. THE SCHOOL SERVES SOCIETY THROUGH THE DEVELOPMENT OF KNOWLEDGE IN EDUCATION, RESEARCH, SCHOLARSHIP, SERVICE INNOVATION, AND ADVOCACY. SSW WAS CREATED IN 1961 AND HAS GROWN TO BECOME ONE OF THE LARGEST AND MOST RESPECTED SCHOOLS OF SOCIAL WORK IN AMERICA. PART OF A PUBLIC UNIVERSITY IN A DIVERSIFIED STATE AND REGION, THE SCHOOL PROMOTES RESEARCH ON SOCIAL WORK SERVICES AND SOCIAL AND ECONOMIC JUSTICE IN ALL OF ITS ACTIVITIES. SSW STUDENTS PROVIDE OVER 421,000 HOURS OF SOCIAL WORK SERVICES A YEAR WITHIN THE STATE OF MARYLAND AND SURROUNDING COMMUNITIES. THE STUDENT BODY CONCENTRATION BREAKOUT IS GENERALLY 80% CLINICAL AND 20% MACRO (MANAGEMENT & COMMUNITY ORGANIZATION), THE LARGEST MACRO CONCENTRATION PROGRAM IN THE COUNTRY. IN ADDITION TO THE SCHOOL'S ACADEMIC SIDE, SSW HAS MULTIPLE COMMUNITY SERVICE PROGRAMS SUCH AS SWCOS (SOCIAL WORK COMMUNITY OUTREACH SERVICES). SWCOS PROVIDES STUDENTS WITH HANDS-ON EXPERIENCE WORKING ON CRITICAL SOCIAL ISSUES IN AN ENCOURAGING, CREATIVE ATMOSPHERE THAT PREPARES THEM TO BE LEADERS IN COMMUNITY SOCIAL WORK; IT PROVIDES THOSE IN NEED WITH QUALITY SERVICES; AND CREATES RESEARCH OPPORTUNITIES TO GENERATE NEW KNOWLEDGE IN SOCIAL WORK PRACTICE. THE SSW ALSO HAS AROUND $33M IN ANNUAL RESEARCH AND TRAINING GRANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James L Hughes Interim President | Officer | 20 | $462,545 |
Pam Heckler Treasurer & COO | Officer | 40 | $239,700 |
Harry C Knipp Chair | Trustee | 1 | $0 |
Ellen H Yankellow Vice Chair | Trustee | 1 | $0 |
John C Weiss Secretary | Trustee | 1 | $0 |
Mouna Aissaoui Trustee | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Meridian Biogroup Llc Quality & Comp Svcs | 6/29/22 | $215,996 |
Idfive Llc Website Design & Dev | 6/29/22 | $148,806 |
Mindgrub Technologies Llc Web Hosting Support | 6/29/22 | $124,320 |
Bdo Usa Llp Accounting Services | 6/29/22 | $113,984 |
Charles River Laboratories Inc Operations Consult. | 6/29/22 | $81,822 |
Statement of Revenue | |
---|---|
Federated campaigns | $37,363 |
Membership dues | $0 |
Fundraising events | $349,404 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $33,250,103 |
Noncash contributions included in lines 1a–1f | $1,918,592 |
Total Revenue from Contributions, Gifts, Grants & Similar | $33,636,870 |
Total Program Service Revenue | $74,721 |
Investment income | $6,444,029 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $23,902,286 |
Net Income from Fundraising Events | $31,934 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $64,089,840 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $17,919,995 |
Grants and other assistance to domestic individuals. | $279,538 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $3,431,371 |
Fees for services: Legal | $8,056 |
Fees for services: Accounting | $109,352 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,262,604 |
Fees for services: Other | $0 |
Advertising and promotion | $549,893 |
Office expenses | $338,214 |
Information technology | $372,267 |
Royalties | $0 |
Occupancy | $130,680 |
Travel | $134,814 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $879,343 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $33,333 |
All other expenses | $0 |
Total functional expenses | $33,980,712 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $7,906,103 |
Pledges and grants receivable | $36,821,654 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $99,427 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,272,277 |
Investments—other securities | $395,754,204 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,668,421 |
Total assets | $444,522,086 |
Accounts payable and accrued expenses | $2,195,985 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,954,553 |
Total liabilities | $4,150,538 |
Net assets without donor restrictions | $41,580,574 |
Net assets with donor restrictions | $398,790,974 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $444,522,086 |
Over the last fiscal year, University Of Maryland Baltimore Foundation Inc has awarded $19,544,861 in support to 12 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF MARYLAND BALTIMORE PURPOSE: EDUCATION/RESEARCH | $18,075,718 |
SHOCK TRAUMA ASSOCIATES PA (STAPA) PURPOSE: CLINICAL SUPPORT | $295,602 |
UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES PA (UM PURPOSE: CLINICAL SUPPORT | $905,074 |
MARYLAND PUBLIC INTEREST LAW PROJECT INC (MPILP) PURPOSE: Program Support | $91,500 |
UNIVERSITY OF MARYLAND FAMILY MEDICINE PA PURPOSE: CLINICAL SUPPORT | $49,606 |
UNIVERSITY OF MARYLAND EYE ASSOCIATES PA PURPOSE: CLINICAL SUPPORT | $42,265 |