The past year marked the 20th anniversary of the creation of the University System of Maryland, allowing the USM community to reflect on the System’s impact over the past two decades. Even the most optimistic aspirations for the USM at its creation understated the actual growth in quality of the System’s 13 institutions; their far-reaching teaching, research, and service contributions; and the System’s impact on the economic growth and quality of life in Maryland. There is a real sense that the “best is yet to come.” The national recognition gained for the USM’s Efficiency and Effectiveness efforts and the leadership demonstrated through its three strategic priorities—Closing the Achievement Gap, Building Maryland’s Competitiveness, and Addressing Climate Change and Sustainability—are evidence that the USM is is emerging as one of our nation’s shining examples of what a university system can achieve.

These accomplishments are made possible because the USM “family”—regents, presidents, faculty, staff, and, of course, the USM Foundation—have worked together in a remarkable spirit of collaboration for the benefit of the students we educate and the state and nation we serve.

Because of the USM Foundation’s leadership and support, our universities have been extraordinarily successful in creating a culture of philanthropy and enhancing their fundraising potential. With the resulting fundraising successes, prudent investments, stellar financial management, and a genuine commitment to the entire USM, the Foundation has been a major factor in our success and will be an indispensable part of our future.

I am especially pleased to note that, as a result of its successful strategic planning process, the USM Foundation whole-heartedly embraced a new commitment to advocacy, adding a fresh voice to a growing chorus of citizens who value the importance of higher education. As we enter a period of fiscal uncertainty, this new dimension of the USM Foundation’s support will be critical.

As I begin my seventh year as chancellor, my admiration for the USM Foundation and its board has never been greater. The achievements outlined in this annual report would simply not be possible without their talent, dedication, and engagement. On behalf of the Board of Regents, the presidents, and the entire USM community, I extend my heartfelt thanks and I look forward to our continuing partnership in the years to come.