The USM Foundation is committed to communicating with its clients regarding its investment performance. Existing and prospective clients receive a monthly email message from USM Foundation President Leonard Raley. In addition, the Foundation delivers quarterly investment reports within 45 days of the close of each quarter. Investment performance information is also made available in LeaderNotes, the Foundation’s monthly newsletter, and in its annual report.

March 2010 - Quarterly Letter

December 2009 - Quarterly Letter

September 2009 - Quarterly Letter

June 2009 - Quarterly Letter



Please contact Carrie Roberts at croberts@usmd.edu to obtain archived quarterly letters.