Fiscal Year 2025 endowment spendable income must be used by June 30. These funds were given for specific purposes, and it's our responsibility to ensure they're used as intended.
The foundation tracks spending and reports the percentage spent to the University System of Maryland. If you anticipate challenges in fully utilizing your funds or have questions about your available spending, alert the University of Maryland Baltimore Foundation as soon as possible by contacting umbf-operations@umaryland.edu.
Let's ensure we are maximizing the impact of these resources.