University Of Maryland Medical System Foundation Inc

Organization Overview

University Of Maryland Medical System Foundation Inc is located in Baltimore, MD. The organization was established in 2000. 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. University Of Maryland Medical System Foundation Inc 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 06/2021, University Of Maryland Medical System Foundation Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $8.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

UMMS FOUNDATION, INC. RAISES CHARITABLE FUNDS TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE FOR UNIVERSITY OF MARYLAND MEDICAL SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY OF MARYLAND MEDICAL SYSTEM FOUNDATION, INC. (UMMSF) RAISES CHARITABLE FUNDS TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE FOR UNIVERSITY OF MARYLAND MEDICAL SYSTEM (UMMS) THROUGH THE DEVELOPMENT OF CHARITABLE SUPPORT. UMMSF HELPS UMMS REMAIN A LEADING INTEGRATED HEALTH CARE DELIVERY SYSTEM. ESTABLISHED IN MARCH 2000, UMMSF IS BUILDING AN ENDOWMENT FUND TO SAFEGUARD THE FUTURE OF HEALTH CARE EXCELLENCE AT UMMS AND IS ITS CENTRAL STRUCTURE FOR FUNDRAISING, STEWARDSHIP AND ENDOWMENT MANAGEMENT. UMMSF PROVIDES SUPPORT TO UMMS FOR THE CONSTRUCTION AND MAINTENACE OF UMMS FACILITIES AND OTHER CAPITAL NEEDS OF ITS HOSPITALS, TO FILL THE GAP WHEN PATIENTS CAN NOT PAY FOR DRUGS OR COVER THE ENTIRE COST OF CARE, AND TO SUPPORT THE DEVELOPMENT OF CLINICAL PROGRAMS THAT ARE ESSENTIAL TO THE COMMUNITY. WE PROVIDE COMMUNITY SUPPORT AND EDUCATION AND ASSIST THE UMMS HOSPITALS TO PROVIDE CUTTING EDGE CARE THAT WOULD OTHERWISE NOT BE AFFORDABLE.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$990
Membership dues$0
Fundraising events$1,551,317
Related organizations$106,153
Government grants $555,666
All other contributions, gifts, grants, and similar amounts not included above$12,094,309
Noncash contributions included in lines 1a–1f $85,333
Total Revenue from Contributions, Gifts, Grants & Similar$14,308,435
Total Program Service Revenue$0
Investment income $619,793
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$7,928
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,920,300

Grants Awarded

Over the last fiscal year, University Of Maryland Medical System Foundation Inc has awarded $4,350,186 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION

Org PageRecipient Profile

Baltimore, MD

PURPOSE: PROGRAM SUPPORT

$4,180,326

MARYLAND GENERAL HOSPITAL INC (DBA UMMC MIDTOWN CAMPUS)

Org PageRecipient Profile

Baltimore, MD

PURPOSE: PROGRAM SUPPORT

$93,300

JAMES L KERNAN HOSPITAL INC (DBA UM REHAB & ORTHO INSTITUTE)

Org PageRecipient Profile

Baltimore, MD

PURPOSE: PROGRAM SUPPORT

$76,560
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that University Of Maryland Medical System Foundation Inc has recieved totaling $70,750.

Awarding OrganizationAmount
The Stewart And Marlene Greenebaum Family Foundation Inc

Baltimore, MD

PURPOSE: UNIVERSITY OF MARYLAND MARLENE AND STEWART GREENEBAUM CANCER CENTER HALF MARATHON FUNDS

$40,000
The Stewart And Marlene Greenebaum Family Foundation Inc

Baltimore, MD

PURPOSE: UNIVERSITY OF MARYLAND MARLENE AND STEWART GREENEBAUM CANCER CENTER GOLF EVENT

$20,750
The Stewart And Marlene Greenebaum Family Foundation Inc

Baltimore, MD

PURPOSE: UNIVERSITY OF MARYLAND MARLENE AND STEWART GREENEBAUM CANCER CENTER GOLF BFL

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$55,246,225
Earnings$8,941,828
Net Contributions$2,071,803
Other Expense$696,300
Ending Balance$65,563,556

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