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← TRUSTEES OF THE ENDOWMENT FUND OF THE UNIV OF MD SCHOOL OF MEDICINE

Form 990 for tax year 2022

Filed by TRUSTEES OF THE ENDOWMENT FUND OF THE UNIV OF MD SCHOOL OF MEDICINE.

Totals

Total revenue
$16,500,656
Total expenses
$2,713,996
Contributions and grants received
$354,238
Grants paid
$2,209,977
Program service revenue
$0
Investment income
$16,146,418
Other revenue
$0
Total assets, end of year
$119,672,854
Total liabilities, end of year
$21,215
Net assets or fund balances, end of year
$119,651,639
Program services expenses (Part IX)
$2,213,317
Management and general expenses
$500,679
Fundraising expenses
$0
Program service expenses (Part III)
$2,213,317

Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $354,238

  • 3 · Investment income

    total $1,267,020 · excluded $1,267,020

  • 7a · Gross sales of assets other than inventory

    securities $38,029,445

  • 7b · Less cost or other basis and sales expenses

    securities $23,150,047

  • 7c · Gain or loss

    securities $14,879,398

  • 7d · Net gain or loss

    total $14,879,398 · excluded $14,879,398

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,209,977 · program services $2,209,977

  • 5 · Compensation of officers, directors and key employees

    total $50,000 · management and general $50,000

  • 11b · Fees: legal

    total $6,567 · management and general $6,567

  • 11c · Fees: accounting

    total $117,377 · management and general $117,377

  • 11f · Fees: investment management

    total $309,392 · management and general $309,392

  • 13 · Office expenses

    total $5,204 · program services $3,340 · management and general $1,864

  • 22 · Depreciation, depletion and amortization

    total $179 · management and general $179

  • 23 · Insurance

    total $15,300 · management and general $15,300

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,505,794 · end of year $500,295

  • 10a · Land, buildings and equipment: cost or other basis

    $2,143

  • 10b · Land, buildings and equipment: accumulated depreciation

    $179

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,964

  • 11 · Investments: publicly traded securities

    beginning of year $88,211,295 · end of year $70,721,571

  • 12 · Investments: other securities

    beginning of year $50,243,354 · end of year $48,430,526

  • 15 · Other assets

    beginning of year $5,492 · end of year $18,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,713 · end of year $21,215

  • 28 · Net assets with donor restrictions

    beginning of year $143,932,222 · end of year $119,651,639

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

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.

  • 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.

    Expenses $2,213,317 · Grants $2,209,977

As filed on the 2022 return.

Listed in Part VII

  • Dr George M Boyer

    PRESIDENT

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Charles J Morton Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Donna S Hanes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Mark M Applefeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James G Corckran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr J Lawrence Fitzpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • M Natalie McSherry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mac Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Danielle Baek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349304674

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