2 0 1 0 R E S E A R C H & S C H O L A R S H I P 61

The University of Maryland Baltimore Foundation, Inc. (UMBF) manages and invests private gifts and/or property for the benefit of the University of Maryland, Baltimore (UMB), facilitates fundraising programs and contributions from private sources, and engages in other activities to further the educational, research, and service missions of UMB. The UMBF Board of Trustees is comprised of influential and committed leaders who are dedicated to advancing the goals of UMB. The trustees serve as advisors to the University president on matters affecting the campus, its programs, and the community, and promote UMB through advocacy. Philanthropic support is vital to ensure the University’s continued advancement as one of the nation’s top academic health, law, and human services institutions. UMBF provides opportunities for alumni, friends, foundations, corporations, and others to support the strategic mission and goals of the University of Maryland, Baltimore.

The UMBF Board of Trustees is pleased to report that UMB met its fundraising goal during Fiscal Year 2009 (FY09) and set a record for the University. The $80 million raised surpasses by more than $11.3 million the previous record fundraising total of $68.7 million, set in FY08. FY09 is the fifth consecutive year that the University has met or gone beyond its fundraising objective. The University is now more than halfway toward reaching its ambitious goal of $650 million during UMB’s multiyear capital campaign—“Making an Impact Worldwide.” Through your gifts, you can shape the future with the support that enables the University to excel in its mission of providing excellence in education, research, public service, and patient care. (To learn more about shaping the future with a planned gift, see page 51.) To contribute to this effort, please use the return envelope enclosed in this issue of Maryland magazine or visit http://giving.umaryland.edu.

ANNUAL REPORT2009

2 0 1 0 R E S E A R C H & S C H O L A R S H I P 61

Expanding Collaborations to Build New Technology Commercialization Ventures

62 U N I V E R S I T Y O F M A R Y L A N D , B A L T I M O R E

0%

5%

10%

15%

20%

25%INVESTMENT RETURNS

TOTAL ENDOWMENT INVESTMENT

20082005 2006 2007$0

$30M

$50M

$70M

$90M

$76.9M

$65.7M

$39.1M

$52.5M

2009

$85.1M

$10M

$15M

$20M

$25M

$30MTOTAL OTHER ASSETS

20082005 2006 2007 2009

$30.7M

$19.2M$21.5M

$19.8M

$29.9M

$5M $0

TOTAL ASSETS$180M

30M

60M

90M

120M

150M

$114.7M

$143M

20082005 2006 2007 2009

$140M

$99.9M

$161.8M

TOTAL OPERATING FUND INVESTMENT

$25M

$30M

$35M

$40M

$45M $46.2M

$43.6M

$41.6M$40.7M

$50M

20082005 2006 2007 2009

$46.7M

20082005 2006 2007 2009

13.7%13.4% 14%

22%

0.10%$0

$10M

$15M

$20M

$25M

$30MTOTAL EXPENDITURES

20082005 2006 2007 2009

$17.9M$19.6M

$26.8M

$19.5M

$23.2M

-24.4%

UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION, INC.

62 U N I V E R S I T Y O F M A R Y L A N D , B A L T I M O R E

2 0 1 0 R E S E A R C H & S C H O L A R S H I P 63

ANNUAL REPORT 2009

ASSETS 2009 2008

INVESTMENTS

Endowment $65,743,232 $85,174,084

Operating 43,587,036 46,893,941

Total investments 109,330,268 132,068,025

OTHER ASSETS

Contributions receivable 25,484,657 23,993,874

Assets held under split-interest agreements 2,581,217 3,065,481

Other assets 2,600,738 2,681,443

Total other assets 30,666,612 29,740,798

TOTAL ASSETS $139,996,880 $161,808,823

LIABILITIES & NET ASSETS

LIABILITIES

Payable under split-interest agreements $1,651,961 $1,721,470

Accounts payable and accrued expenses 2,013,689 2,090,275

Total liabilities 3,665,650 3,811,745

NET ASSETS

Unrestricted 9,956,259 18,788,552

Temporarily restricted 45,261,930 64,396,684

Permanently restricted 81,113,041 74,811,842

Total net assets 136,331,230 157,997,078

TOTAL LIABILITIES & NET ASSETS $139,996,880 $161,808,823

Summary Statement of Financial Position June 30, 2009 and 2008

2 0 1 0 R E S E A R C H & S C H O L A R S H I P 63

To obtain a copy of the UMBF, Inc., audited financial statements, please contact University of Maryland Baltimore Foundation, Inc., 620 W. Lexington St., Baltimore, MD 21201. Phone 410-706-3912 or e-mail jblackburn@umaryland.edu.

64 U N I V E R S I T Y O F M A R Y L A N D , B A L T I M O R E64 U N I V E R S I T Y O F M A R Y L A N D , B A L T I M O R E

UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION, INC.

BOARD OF TRUSTEES

Janet S. Owens, ChairCommunity Activist and Former Anne Arundel County Executive

Edward J. Brody, Vice ChairCEO, Brody Transportation Co., Inc.

James A. Earl, PhD, SecretaryPresident, Helena Foundation

Don-N. Brotman, DDSGeneral Dentist

Harold E. ChappelearVice ChairmanUPM Pharmaceuticals, Inc.Principal, InternaSource, LLC

Charles W. Cole Jr.Retired Chair, Legg Mason Investment Counsel & Trust Co.

Anna M. DopkinCo-Director of U.S. Equity Research and Portfolio ManagerT. Rowe Price Associates, Inc.

James A. D’Orta, MDChair, Consumer Health Services, Inc.

Morton P. Fisher Jr.Partner, Baltimore Office Ballard Spahr Andrews & Ingersoll, LLP

Joseph R. HardimanRetired President and CEO National Association of Securities Dealers, Inc.

David H. HillmanCEOSouthern Management Corporation

Richard J. HimelfarbExecutive Vice President Stifel, Nicolaus & Co., Inc.

Wallace J. HoffRetired Vice President and General Manager, Northrop Grumman Aerospace Systems Division

Kempton M. IngersolManaging Director and Senior Portfolio ManagerBrown Capital Management, Inc.

Donald M. KirsonRetired President and CEO Kirson Medical Equipment Co.

Harry C. Knipp, MDSenior Principal and PhysicianPartner, Advanced Radiology

Kyle P. Legg, CFACEO, Legg Mason Capital Management

Sally MichelBaltimore Activist and Founder, SuperKids Camp

Milton H. Miller Sr.Retired Founder Miller Corporate Real Estate

Thomas P. O’NeillConsultant

Theo C. RodgersPresident, A & R Development Corp.

Donald E. RolandRetired Chair, Vertis

Devy Patterson RussellAssociate Judge, District Court of Maryland for Baltimore City

Robert G. SabelhausRetired Senior Executive Vice President and Division Director Smith Barney

Pauline A. Schneider, JDPartner, Orrick, Herrington & Sutcliffe LLP

Alan SilverstoneConsultant

Frederick G. Smith, DDSVice President, Sinclair Broadcast Group, Inc.

C. William StrueverPartner, CEO, and President, Struever Bros. Eccles & Rouse, Inc.

Richard L. Taylor, MD President, Taylor Medical Group

John C. Weiss IIIChair, Biotechnical Institute of Maryland, and Co-Chair, Entrepreneurship Board, University of Baltimore Merrick School of Business Garland O. WilliamsonCEO and President Information Control Systems Corp.

William T. Wood Esq.Wood Law Offices, LLC

EX-OFFICIO MEMBERSDavid J. Ramsay, DM, DPhil President, University of Maryland, Baltimore

T. Sue Gladhill, MSWPresident and CEOUMBF, Inc.

Judith S. Blackburn, PhD, MBATreasurer and CFO UMBF, Inc.

Jordan I. BailowitzLegal CounselPartner, DLA Piper LLP (US)

StaffMary A. NicholsDirector, UMB Foundation Relations