Foundation Terminology

Operating Account

Also known as a Current Use Account. Donors may specify that their gifts be spent entirely for a designated objective or program as opposed to being held in perpetuity like an endowment. In addition, departments sell merchandise, sponsor conferences and seminars, and hold special fundraising events to support their activities. This money is deposited in these accounts and used for current operations.

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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