University of Maryland Foundation Inc.
Fiscal year ending 2023. Filed on May 14, 2024.
3300 Metzerott Rd
Suite 810
Adelphi, Maryland 20783
University of Maryland Foundation Inc. (EIN: 52-1125663), also known as University System of Maryland Foundation Inc, has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, University of Maryland Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 9 out of 33 total employees. Among the employees shown here, the average compensation is $430,041. The highest compensated employee at University of Maryland Foundation Inc. is Sharcus Steen with fiscal year 2023 compensation of $867,853.
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Mission Statement
The University System of Maryland Foundation, Inc promotes, galvanizes and supports the advancement of public higher education in Maryland through leadership and engagement in philanthropy, asset management, and stewardship. The Foundation supports the University System of Maryland's (USM) ability to broaden access to high-quality higher education, meet the workforce needs of the state and the nation, and conduct research that expands the boundaries of knowledge. The USM Foundation provides campaign and strategic fundraising leadership support and professional development opportunities to our institutions, centers, and their affiliated foundations. The Foundation's $2.09 billion in managed assets support student scholarships, endowed faculty chairs, university research, and academic programs. Along with asset management, the Foundation administers grants, gifts and payroll services.
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