2025-10-23T16:04:56+00:00 2024-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2024-01-01 526055592 Trustees of the Endowment Fund of the University of Maryland TRUS 4107067454 522 W Lombard St Davidge Hall Baltimore MD 21201 Dr George M Boyer President 4107067454 2025-10-23 true Amy Bibby P00445891 8282542254 2025-10-23 2024 2025-03-06 01:10:19Z Dr George M Boyer 522 W Lombard St Davidge Hall Baltimore MD 21201 63666023 false X www.toteumaryland.org X 1904 MD TO HOLD, INVEST, AND CONTROL CASH, INVESTMENTS, AND OTHER PROPERTY, AND TO APPLY THE INCOME FROM INVESTMENTS TO THE BENEFIT OF UNIVERSITY OF MARYLAND BALTIMORE. 9 8 0 8 0 162023 323640 0 8283296 7123221 0 8445319 7446861 3596234 2757278 0 50000 50000 0 0 511129 523432 4157363 3330710 4287956 4116151 135048885 143648786 1202283 70039 133846602 143578747 TO HOLD INVEST, AND CONTROL CASH, INVESTMENTS, AND OTHER PROPERTY, AND TO APPLY THE INCOME FROM INVESTMENTS TO THE BENEFIT OF UNIVERSITY OF MARYLAND BALTIMORE. false false 2760781 2757278 THE ORGANIZATION'S PURPOSE IS TO RECEIVE, INVEST, AND CONTROL ANY PROPERTY ENTRUSTED TO IT AND TO APPLY THE INCOME IN ACCORDANCE WITH THE DONOR'S WISHES TO BENEFIT THE UNIVERSITY OF MARYLAND BALTIMORE. 2760781 true true false false false false false false false true true true false false false true true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 17 0 true 0 false false false false false false false false false false false false X 9 8 true false false false false false false true true false false false true true false false true true true false false false X Dr George M Boyer 4107067454 522 W Lombard St Davidge Hall Baltimore MD 21201 X DR GEORGE M BOYER President 10.0 X X 50000 0 0 CHARLES J MORTON JR Director 1.0 X 0 0 0 Dr Danielle Baek Director 1.0 X 0 0 0 DR DONNA S HANES Director 1.0 X 0 0 0 DR J LAWRENCE FITZPATRICK Director 1.0 X 0 0 0 DR MARK M APPLEFELD Director 1.0 X 0 0 0 JAMES G CORCKRAN Director 1.0 X 0 0 0 mac ford Director 1.0 X 0 0 0 MNATALIE MCSHERRY Director 1.0 X 0 0 0 50000 0 0 0 false false false 0 323640 323640 0 0 0 0 0 1357868 1357868 0 0 61984515 56219162 5765353 0 5765353 5765353 0 0 0 0 0 0 7446861 0 0 7123221 2757278 2757278 50000 50000 518 518 140875 140875 359206 359206 0 0 0 0 6819 3503 3316 714 714 15300 15300 0 0 0 0 3330710 2760781 569929 0 2323038 2973160 36595 0 0 0 0 2143 1607 1250 536 89286152 97267188 43415780 43241719 0 22665 129588 135048885 143648786 1202283 70039 0 0 0 0 1202283 70039 X 133846602 143578747 133846602 143578747 135048885 143648786 4116151 5615994 0 X false true true false X 1010031 228620 354238 162032 323640 2078561 0 100000 200000 200000 200000 200000 900000 1110031 428620 554238 362032 523640 2978561 19262 2959299 1190548 1442188 1267020 1172080 1357868 6429704 0 0 0 0 0 0 0 9408265 0 0.31454 0.32075 X Schedule A, Part II, Line 17a Below is the evaluation of the 10% facts and circumstances test in accordance to Regulation Section 1.107A-9(f)(3): (i) The public support percentage is 31.45% which is significantly in excess of 10%. (ii) Attraction of public support: The organization has undertaken an active effort to solicit contributions, including establishing a website soliciting contributions from donors. (iii) Other evidence: A. The public support percentage is almost 33 1/3% at 31.45%. B. The Fund's board of directors consists of a variety of professionals in the community. C. The Fund awards grants exclusively for the benefit of the University of Maryland, a state governmental instrumentality, and the Medical Alumni Association of the University of Maryland, Inc., a public charity, to support students and staff with scholarships, professorships, fellowships, research support and awards, lectures and various medical equipment and supplies. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83140027 6497013 1451933 88185107 74444919 11825301 3130193 83140027 89479706 -13033140 2001647 74444919 79586924 11789330 1896548 89479706 71536073 9834599 1783748 79586924 0.0 0.2885 0.7115 false false 2143 1607 536 536 Closely-held equity interests Financial derivatives Multi-Strategy Funds 43241719 F 43241719 0 X 12703649 5615994 0 5615994 7087655 359206 0 359206 7446861 2971504 0 0 2971504 359206 0 359206 3330710 Schedule D, Part V, Line 4 Intended uses of endowment funds THE LONG-TERM GOAL OF THE FUND'S ENDOWMENTS IS TO ACHIEVE AN ANNUAL COMPOUND RATE OF RETURN OF AT LEAST 8 PERCENT, NET OF FEES AND COMMISSIONS, WITHOUT EXPOSURE TO UNDUE RISK. THE ASSET ALLOCATION OF THE PORTFOLIO IS EXPECTED TO MINIMIZE RISK AND PROVIDE A CONSISTENT RETURN. THE GOAL OF THE PORTFOLIO IS TO COVER ANNUAL EXPENSES AND PROVIDE ADDITIONAL GROWTH TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENTS OVER TIME. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FUND HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, THE FUND MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE FUND'S TAX POSITIONS AND HAS CONCLUDED THAT THE FUND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. true University of Maryland 620 W LEXINGTON ST Baltimore MD 21201 526002033 501(c)(3) 2471210 Education and Research Medical Alumni Association of the University of Maryland Inc 522 W Lombard St Baltimore MD 21201 520615433 501(c)(3) 286068 General Support 2 0 Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Natalie McSherry & Charles Morton - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY THE BOARD PRESIDENT AND AN ELECTRONIC COPY WAS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 15a Process to establish compensation of top management official A board member made a motion to have Dr. Boyer assume the role by combining the positions of the President and Secretary/Treasurer. Thus, eliminating the Secretary/Treasurer position. Additionally, Dr. Boyer would be compensated similarly to the Secretary/Treasurer position. The motion was seconded and unanimously approved. This is documented in the minutes. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE BOARD OF DIRECTORS MUST APPROVE THE REQUEST BEFORE THE DOCUMENTS ARE GIVEN OUT. Form 990, Part XII, Line 2c THERE HAVE BEEN NO CHANGES IN THE OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR.