Foundation Terminology

Taxpayer ID number

An identification number issued by the IRS for any individual or organization that has or may have reporting or other requirements with the agency. Vendors or grantors may ask for the Foundation’s taxpayer id number – this is usually given by providing a copy of our W-9 form.

Trust

An arrangement whereby one or more persons or institutions holds and manages property for the benefit of another. The person establishing the trust is the grantor, the person or institution holding the property is the trustee, and the person or institution to be benefitted by the trust are the beneficiaries.

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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