USMF CIO Press Release

I am thrilled to share great news about Kevin Dalmut, our senior investment analyst at the Foundation. Kevin was recently named on the CIO “Forty Under (Mostly) Forty” list in Asset International CIO Magazine, a widely read and respected publication for institutional investors. This list spotlights the brightest stars in the pension and nonprofit investment management world. The link to the article can be found here: http://www.ai-cio.com/datasurvey.aspx?id=4438; Kevin’s profile can be found here: http://www.ai-cio.com/datasurvey.aspx?id=4438&page=7.

Kevin’s group, dubbed the Generation Y group, is described as the “prodigies of the asset owner universe,” and the authors of this report predict that one member of the group will manage one of the top 10 funds in the world in under 15 years. Those of us who know Kevin can easily imagine him in this role—but we’d rather imagine him growing our endowment for many years to come.

Over the past year, I have come to know Kevin as one of the hardest-working, diligent, and intelligent young professionals I’ve ever met. To say he has done some heavy lifting in the last year is a vast understatement. I hope you will join me in congratulating Kevin for his well-deserved honor.

Sincerely yours,

Leonard R. Raley

We have been blessed by a relatively mild winter and an early Spring here in the Old Line State. Of course, March Madness drew our attention once again. How about the fantastic run by the Maryland Women’s Terrapins basketball team? Everyone in Maryland was proud of them, and although we are no longer in the playoffs, we consider them to be champions.

At the Foundation, we are very close to hiring someone for the chief investment officer position. This past month, board and staff members interviewed four outstanding candidates, and as a result, we have narrowed the search to two finalists. This week, they will meet with Chancellor Kirwan and Foundation Chair Barry Gossett, after which a decision will be made. More to follow at a later date.

We are all excited to hear that UMES has announced the appointment of its new president, nationally reknown academic and leader Juliette Bell (see more below). We are proud to note that Board member and UMES alumnus Al Cornish chaired the search. I think you will all agree that the committee did an excellent job. We wish the best to UMES and Dr. Bell as that institution enters into a new era.

As always, please contact me at raley@usmd.edu with any questions or comments.

Sincerely,

Leonard R. Raley

Campus administrators and others charged with making sure their institutions comply with U.S. federal laws and regulations now have access to an online resource that aggregates compliance news and resources from 23 higher education associations. Read more.

Multimedia Tools Within Reach of Small Shops


With a little ingenuity and careful planning, communications and marketing professionals at small shops can make the most of today’s multimedia storytelling tools and still stay within their tight budgets, say two CASE faculty members.

VSE Report: Increase in Giving is “Welcome News,” CASE Says


Donors contributed $30.3 billion to higher education in 2010-11, according to the recently released results of the annual Voluntary Support of Education Survey. The 8.2 percent increase is welcome news, says CASE President John Lippincott.

U.S. Fundraisers Predict Steady Growth in 2012 Giving to Education


Results from a recently released survey of fundraisers at CASE-member institutions in the United States builds on the VSE findings with participants estimating that giving to their institutions increased in the 2011 calendar year and will continue to grow in 2012.

Report: U.S. Colleges, Universities See Increase in FY11 Endowment Returns


A recently released report shows that endowments at colleges and universities in the United States earned an average return of 19.2 percent during the 2011 fiscal year. This marks the second consecutive increase following a nearly 19 percent decline in fiscal year 2009. See article.

Mixed Signals on Charitable Deduction in President Obama’s FY13 Budget

President Barack Obama’s 2013 budget plan sends mixed messages as to whether the administration plans to limit or preserve the value of the charitable deduction. Read more.

CASE, Coalition Partners Ask Obama to Reconsider Charitable Deduction Cap Proposal


In a March 12 letter, CASE and 23 other organizations asked President Barack Obama to reconsider the proposed 28 percent cap on the charitable deduction included in his FY13 budget plan. The coalition also expressed support for the president’s decision to preserve the charitable deduction in his “Buffet Rule” proposal. See more.

As Central State University’s academic chief since August 2009, she is responsible for the institution’s academic agenda, including improving student performance outcomes, developing new programs, and enhancing academic excellence. Prior to joining Central State, Bell was interim provost and vice chancellor for academic affairs at Winston-Salem State University.

A native of Talladega, Alabama, Bell was the first in her family to attend college, earning a bachelor’s degree in chemistry from Talladega College. She earned her Ph.D. in chemistry with a biochemistry concentration from Atlanta University (now Clark-Atlanta University) and post-doctorate in biochemistry from the University of North Carolina at Chapel Hill. Following her post-doctoral fellowship, she worked as a senior staff fellow and as a research biologist at the National Institute of Environmental Health Sciences in Research Triangle Park, NC.

Bell is recognized as a strong advocate for increasing the number of minority scientists. She has dedicated much of her career to providing opportunities for students to participate in scientific research.

Bell will succeed Thelma B. Thompson, who stepped down as UMES president August 15, 2011. Since Thompson’s departure, Mortimer Neufville has served as interim president and will continue in that position until Bell joins UMES in July.

See full press release here.

Each of UB’s four schools-the College of Public Affairs, the Merrick School of Business, the School of Law and the Yale Gordon College of Arts and Sciences-played a vital role in and will benefit from the campaign’s success. More than 11,000 donors contributed to the campaign, with 32 percent of all gifts coming from first-time donors. More than 100 donors committed at least $25,000 each, while eight committed more than $1 million each.

The number of new scholarships and student awards at UB increased by 30, while additional financial support will go to fund study-abroad programs, student participation in academic competitions and new campus life activities coordinated through the University’s Henry and Ruth Blaustein Rosenberg Center for Student Involvement.

“The tremendous success of UB’s fundraising efforts is truly a cause for celebration. President Bogomolny and the entire UB ‘family’ have created a culture of philanthropy that will benefit the entire university-and the students it serves-with scholarships, professorships, and facility improvements that will benefit the University for years to come,” said University System of Maryland Chancellor William E. Kirwan. “I also want to express my appreciation to Vernon Wright, who offered tremendous leadership in his role as campaign chair.”

See the full press release on the UB website.

The grant will fund primary care and enhanced care management for underserved and uninsured populations in Kent, Queen Anne’s, and Talbot counties. Through partnerships and collaborations with health care systems, the goal of this model is to reduce unnecessary re-hospitalizations and emergency department utilization by filling the gap in the existing health care system infrastructure.

Administered by UMSON, the Wellmobile Program consists of nurse-managed traveling health clinics created by statute in 1994. The dual mission of the program is to provide health services for underserved communities and uninsured individuals and to serve as a training site for UMSON students. The public-private partnership had expanded to four vehicles but then shrank in 2009 due to economic pressure brought on by the recession. Budget cuts had reduced the program to one geographic region and smaller-scale, community- focused initiatives. See full press release.

The USM Board of Regents has announced the recipients of the 2012 USM Regents’ Faculty Awards. The awards are the highest honor presented by the board to exemplary faculty members. Presented in four categories, the awards honor excellence in mentoring, public service, scholarship, and teaching. Each award carries a $1,000 prize provided by the institutions and the USM Foundation. See USM website for details.

After 15 years of wearing a mask and living as a recluse, a 37-year-old Virginia man disfigured in a gun accident got a new face, nose, teeth and jaw in what University of Maryland physicians say is the most extensive face transplant ever performed. The transplant team was led by Chief of Plastic Surgery Eduardo D. Rodriguez, M.D., D.D.S. See full story here.

With primary care expected to play a key role in national health care reform, the University of Maryland School of Medicine will be using a five-year, $877,000 grant from the federal Health Resources and Services Administration to develop a program aimed at increasing the number of medical students who choose primary care specialties. See more.

Bowie State University is now offering its Master of Science in Nursing degree program at the Southern Maryland Higher Education Center with the first classes to begin in Fall 2012. The program prepares professional nurses for family nurse practitioner roles. More here.

The Corporation for National and Community Service has honored Frostburg State University as a leader among institutions of higher education for their support of volunteering, service-learning and civic engagement. FSU was admitted to the 2012 President’s Higher Education Community Service Honor Roll for engaging its students, faculty and staff in meaningful service that achieves measurable results in the community.

Professional schools at the University of Maryland, College Park, the University of Maryland, Baltimore and the University of Baltimore are among the leaders in graduate school rankings published this week by U.S. News & World Report. See USM press release for details.

Two University of Maryland, College Park students have been awarded scholarships by the Barry M. Goldwater Scholarship and Excellence in Education Foundation, which encourages students to pursue advanced study and careers in the sciences, engineering and mathematics. UMCP juniors Harley Katz, a double major in astronomy and physics (College of Computer, Mathematical, and Natural Sciences), and Carlos Sebastian Casarez, a mechanical engineering (A. James Clark School of Engineering) major, were selected from 1,123 nominations for this award. Undergraduates Benjamyn Ward and Krzysztof Franaszek were recognized this year as honorable mentions. More on UMCP website.

Salisbury student Charles Overholt has received a Fulbright Scholarship to travel overseas to explore “Hessian Mercenaries and the German Reaction to the American Revolution” at the 485-year old Philipps-Universität in Marburg, Germany. Oberholt is SU’s first Fulbright Scholar. Read full story here.

Thomas E. Florestano, loving husband of USM Board of Regents Chair Patricia Florestano and long-serving former president of Anne Arundel Community College, died of Parkinson’s disease complications March 31 at Ginger Cove Health Center. He was 79 and had lived in Annapolis.

Born in Annapolis, Florestano was an alumnus of the University of Maryland, College Park (UMCP) and a U.S. Army veteran.

He began his career in higher education administration after graduating in 1962 as UMCP assistant dean of student life and director of student activities. He also advised the Student Government Association, directed the freshman orientation and supervised graduate interns. In 1966, he resigned to work on his doctorate at UMCP and continued to work there as an academic adviser and in administrative positions. In 1969, he was named dean of continuing education for Anne Arundel Community College. He received his doctorate at UMCP in 1970 and he took a similar position as dean of evening and community education and summer school for Prince George’s Community College in Largo.

Florestano was appointed president of Anne Arundel Community College in 1979. From 1979 to 1994, enrollment nearly tripled, from 13,128 to about 36,000. In 1994, when he retired from the college, he accepted a seat on the Anne Arundel County Board of Education. He received numerous community awards.

In addition to his wife of 51 years, survivors include a son, Thomas E. Florestano Jr.; a daughter, Leslie Florestano Peek; and his brother, Ernest Florestano.

Institution

Announced

Goal

12/31/2011

11/08

$15M

$9.4M

10/07

$15M

$7.5M

10/08

$15M

$17.8M

6/06

$35M

$39.6M

11/06

$50M

$52.7M

3/09

$40M

$42.2M

10/07

$650M

$534.9M

9/06

$100M

$118.1M

11/07

$8M

$6.6M

10/06

$1B

9/06

$14M

2/08

$26M

 -

 $1.7B

  $1.8B