UMBF

The University of Maryland Baltimore Foundation, Inc. ("UMBF")  Board of Trustees advises the President of the University of Maryland, Baltimore ("UMB") on matters affecting UMB's campus, programs, students, faculty, employees and the community it serves. UMBF promotes UMB through advocacy and the enlisting of financial support and manages and invests gifts and property for the benefit of UMB.

The Foundation's distinguished Board of Trustees advises the University President and operates with the following committees:

The Foundation solicits and accepts gifts in accordance with the University System of Maryland Policy on Affiliated Foundations. All gifts, bequests, endowments, and private grants are used in accordance with the directions of the donors.


Administration

Michael B. Dowdy, MBA
Chief Development Officer
Vice President of Development
President & CEO, University of Maryland Baltimore Foundation, Inc.
410-706-3386
mdowdy@umaryland.edu

Pam Heckler
Director of Foundation Operations, University of Maryland Baltimore Foundation, Inc.
410-706-5631
pheckler@umaryland.edu


Board of Trustees

  • The Honorable Janet S. Owens, Chair
    Community activist and former Anne Arundel County Executive
  • Edward J. Brody, Vice Chair
    CEO, Brody Transportation Co., Inc.
  • James A. Earl, PhD, Secretary
    President, Helena Foundation
  • Harold E. Chappelear
    Principal, InternaSource and Vice Chairman, UPM Pharmaceuticals, Inc.
  • Charles W. Cole Jr.
    Retired Chair, Legg Mason Investment Counsel & Trust Co.
  • James A. D’Orta, MD
    Chair, Consumer Health Services, Inc.
  • Morton P. Fisher Jr.
    Partner, Baltimore Office
    Ballard Spahr Andrews & Ingersoll, LLP
  • Brian J. Gibbons
    Chairman/CEO, Greenberg Gibbons Commercial
  • Joseph R. Hardiman
    Retired President and CEO
    National Association of Securities Dealers, Inc.
  • David H. Hillman
    CEO
    Southern Management Corporation
  • Sandra S. Hillman
    President, Sandy Hillman Communications
  • Richard J. Himelfarb
    Chairman, Investment Banking
    Stifel Nicolaus Weisel
  • Wallace J. Hoff
    Retired Vice President and General
    Manager, Northrop Grumman
    Aerospace Systems Division
  • Kempton M. Ingersol
    Managing Director and Senior
    Portfolio Manager
    Brown Capital Management, Inc.
  • Donald M. Kirson
    Retired President and CEO
    Kirson Medical Equipment Co.
  • Harry C. Knipp, MD
    Senior Principal and Physician
    Partner, Advanced Radiology
  • Kyle P. Legg
    Chief Executive Officer Emeritus
    Legg Mason Capital Management
  • Thomas P. O’Neill
    Principal, Hertzbach & Company, P.A.
  • Theo C. Rodgers
    President, A & R Development Corp.
  • Donald E. Roland
    Vice Chairman, Whitmore Group
    Vice Chairman, Hess Print Solutions
  • Devy Patterson Russell
    Associate Judge, District Court of Maryland for Baltimore City
  • Alan Silverstone
    Consultant
  • Frederick G. Smith, DDS
    Vice President, Sinclair Broadcast Group, Inc.
  • C. William Struever
    Principal, Cross Street Partners
  • Richard L. Taylor, MD
    President, Taylor Medical Group
  • John C. Weiss III
    Chair, Biotechnical Institute of Maryland, and Co-Chair,
    Entrepreneurship Board, University of Baltimore Merrick School of Business
  • Garland O. Williamson
    CEO and President
    Information Control Systems Corp.
  • William T. Wood Esq.
    Wood Law Offices, LLC


EX-OFFICIO MEMBERS

  • Jay A. Perman, MD
    President, University of Maryland, Baltimore
  • Michael B. Dowdy, MBA
    Chief Development Officer
    Vice President of Development
    President & CEO
    UMBF, Inc.
  • Pam Heckler
    Director of Foundation Operations
    UMBF, Inc.

Committees

Executive Committee
The Executive Committee includes the executive officers of the board, the chairs of the foundation committees and such other persons as the chair of the board may appoint. The Executive Committee is delegated authority to act on behalf of the entire board when appropriate, overseeing foundation operations and initiating changes to foundation policy in fulfilling the Board’s fiduciary duties to the extent allowed by law, within the limits established in the Bylaws of the Foundation.  The chair of the board is the executive and presiding officer of the foundation and has overall responsibility for the operation and general organizational well being.
The Committee shall maintain minutes of its meetings and provide them to the full Board at regularly scheduled meetings, which will incorporate the report of the Executive Committee into its written minutes.
 
Nominating Committee
The Nominating Committee is comprised of members of the Board of Trustees who identify and recruit trustees dedicated to the missions of both UMB and UMBF, Inc. The Chair of the Nominating Committee is appointed by the chair of the Board of Trustees and serves as a member of the Executive Committee.
The duties and responsibilities of the Nominating Committee are to:

Propose as members of the Board persons who reflect influence, talent, and diversity consistent with the missions of the University of Maryland, Baltimore (UMB) and its constituencies; and recommend nominees who can play a strategic role on behalf of UMB and the University of Maryland Baltimore Foundation, Inc. (UMBF, Inc.).
Set an example and motivate others to support the University with their time, talents, and resources. 
Recruit trustees dedicated to the missions of both UMB and UMBF.
Develop and maintain an open-ended list of prospective qualified board candidates through a continual search and identification process consistent with these criteria.
Ensure that board members are provided an orientation on the vision, mission, and scope of UMB and how foundation activities contribute to UMB.


Finance Committee
The Finance Committee shall be comprised of members of the Board of Trustees who will oversee the UMBF financial operations. The chair of the Finance Committee serves as a member of the Executive Committee and is appointed by the chair of the Board of Trustees.
The duties and responsibilities of the Finance Committee are to:

Manage and invest private gifts and/or property for the benefit of the University, either directly or through the University of Maryland Foundation, Inc.
Recommend investment policies for adoption by the board, including policies pertaining to real estate, securities, venture capital and other alternative investments, asset allocation and investment and spending guidelines
Report to the board on the performance of investments compared to industry standard benchmarks
Review quarterly financial statements
Recommend guidelines for gift acceptance and other policies regarding financial management
Review and submit to the board for approval a staff-developed, long-range financial plan for the foundation that supports the strategic plan of the University
Approve and monitor the foundation’s operating budget

 

Audit Committee
The Audit Committee is comprised of members of the Board of Trustees who advise the board of Trustees in connection with the board's responsibilities relating to the quality and integrity of the foundation’s financial reporting, compliance with government rules, and overall systems of internal control and risk. The Audit Committee oversees regular audits of the foundation’s fiscal operations. The chair of the Audit Committee is appointed by the chair of the Board of Trustees and serves as a member of the Executive Committee.
The duties and responsibilities of the Audit Committee are to:

EXTERNAL AUDIT
Approve the selection and fees of an external auditor for the UMBF and pre-approve all audit and non-audit services
Review and approve the planned scope of the annual financial audit by the external auditor, including coordination of effort with internal auditors
Oversee regular audits of financial activities and direct that the audit be conducted in accordance with generally applicable standards for nonprofit organizations and conform to the USM Board of Regents Policy on Affiliated Foundations
Review significant accounting and reporting issues, including complex or unusual transactions, highly judgmental areas, and recent professional and regulatory pronouncements
Meet with external auditor in executive session to ascertain whether committee members have any knowledge of fraud or risks for fraud
Review and approve the results of the annual audit with the external auditor and management
Report annually to the board a summary of the Committee’s activities and significant audit findings 


INTERNAL AUDIT
Approve the selection and fees of an internal auditor for the UMBF and pre-approve all audit and non-audit services

Approve the planned scope of the annual financial audit by the internal auditor
Review the Foundation’s system of internal control and the adequacy of accounting, financial, and operational policies and practices to determine if there are any high-risk areas
Review and approve the results of the internal audit with the internal auditor and management
Meet with internal auditor in executive session to ascertain whether committee members have any knowledge of fraud or risks for fraud
Report the results of an independent internal audit to the full Board of Trustees


ADDITIONAL RESPONSIBILITIES

The Audit Committee shall meet two to three times annually, as needed
The Audit Committee shall have procedures in place to respond if a condition is reported or if weaknesses are encountered in the external and/or internal audits
The Audit Committee is responsible for establishing procedures to receive complaints regarding accounting, auditing or internal controls
Review compliance with policies and procedures with respect to management’s expenses, including its use of foundation assets, and consider the results of any review of these areas by the auditors
Have the power, through its chair, to call special meetings of the committee at his/her discretion and to request management to address specific issues within the mandate of the committee
Annually review and assess the adequacy of the committee activities and confirm that all responsibilities outlined in this charge have been carried out


*Adopted by the full Board of Trustees at the June 29, 2004 meeting.
 

Campus Enterprise Committee 
       The Campus Enterprise Committee is comprised of members of the Board of Trustees who are committed to playing a strategic role on behalf of UMB with regard to the ongoing review and development of the campus Facilities Master Plan and the Image and Environmental Graphics project, particularly in light of opportunities created by initiatives related to the redevelopment of Baltimore’s West Side. The chair of the Campus Enterprise Committee is appointed by the chair of the Board of Trustees and serves as a member of the Executive Committee.
The duties and responsibilities of the Campus Enterprise Committee are to:

Advise the President on Facilities Master Plan and related Baltimore City plans
Promote UMB’s role and interests by the opportunities provided by the revitalization efforts of the West Side, recognizing the central role UMB should play in these efforts due to its status as the largest investor involved
Assure that community development meets the needs of UMB and complements UMB’s image and campus environment, and assist in developing the views at UMB with respect to its position on various components of the West Side redevelopment plan.

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