Foundation Terminology

Historical Cost

Applies to endowments. Also known as Historical Gift Value (HGV). This is the total value of all gifts given to a particular account.  This value is used in conjunction with the market value to determine if an endowment is underwater.

Our Vision

Our vision is to attract broad resources that transform the USM and its institutions, create a network of advocates to embrace the USM’s role as an educator and economic engine, and to grow a long-term, sustainable culture of philanthropy across the University System of Maryland.

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