Updated:
College of Southern Maryland Foundation
The College of Southern Maryland Foundation operates as the independent philanthropic arm of CSM, directing private gifts into scholarships, capital projects,...
College of Southern Maryland Foundation
The College of Southern Maryland Foundation operates as the independent philanthropic arm of CSM, directing private gifts into scholarships, capital projects, and cultural programming across campuses in La Plata, Leonardtown, and Prince Frederick. A governing board of local business leaders — including executives from Community Bank of the Chesapeake, SMECO, G.S. Proctor & Associates, and Meinhardt Properties — oversees asset stewardship and gift acceptance, reflecting deep ties to the Southern Maryland banking, energy, and real estate communities. Fundraising priorities cluster around three areas: student access through endowed scholarships, nursing and health-sciences equipment tied to the Center for Science and Technology, and arts programming anchored by the Tony Hungerford Memorial Art Gallery and Walter Grove II Memorial Student Art Gallery. The foundation holds beneficial interests in multiple charitable trusts and a land trust property in Waldorf, Maryland, pointing to a strategy that blends outright gifts with planned-giving instruments and real-property donations. Board composition reveals a tight nexus with regional employers. Randall Williams, president of Meinhardt Properties, leads as chair; Kimberly Rosenfield, a Morgan Stanley financial advisor, serves as immediate past chair; Gregory S. Proctor III of G.S. Proctor & Associates holds the vice chair seat. Community Bank of the Chesapeake has placed multiple executives on the board over successive terms, including COO James Di Misa, while Southern Maryland Electric Cooperative fields two directors. Professional network affiliations include CASE, the Association of Governing Boards, and Leadership Southern Maryland. The foundation's structural differentiator is its dual-mission posture: it operates as both a classic community-college foundation — soliciting annual gifts for scholarships and program support — and a property-holding entity with a portfolio of named facilities and trust interests. Unlike larger university endowments with dedicated investment offices, CSM Foundation governs its assets entirely through a volunteer board of local business operators, making its funding strategy inseparable from the economic health of Charles, Calvert, and St. Mary's counties.
General information
Firm type
Foundation
Year founded
1958
Location
Region
North America
Country
United States
City
La Plata
Corporate office
La Plata, MD, United States
Principals
Randall Williams
Chair of the Board of Directors
Kimberly Rosenfield
Immediate Past Chair
Gregory S. Proctor III
Vice Chair
Sector focus
Frequently asked questions
Who governs the College of Southern Maryland Foundation's assets and gift decisions?
A volunteer board of directors drawn from the Southern Maryland business community. Chair Randall Williams runs Meinhardt Properties; immediate past chair Kimberly Rosenfield is a Morgan Stanley financial advisor; vice chair Gregory S. Proctor III leads G.S. Proctor & Associates. Additional directors come from Community Bank of the Chesapeake and Southern Maryland Electric Cooperative, giving the board strong representation from regional banking, real estate, and energy employers.
How does the foundation invest the assets it holds?
CSM Foundation has not disclosed a formal investment policy or external manager roster. Its known holdings include beneficial interests in charitable trusts, a charitable remainder trust, a land trust property in Waldorf, and commercially used college buildings. Governance rests with a community-based board rather than a dedicated investment office, suggesting a conservative, donor-directed asset mix.
What is the relationship between the foundation and the college itself?
The foundation is a legally separate 501(c)(3) that exists solely to raise, manage, and distribute private funds for the College of Southern Maryland. It funds scholarships, equipment for programs like nursing and health sciences, and cultural venues including the Tony Hungerford Memorial Art Gallery. The college does not control the foundation's board, though the two coordinate on funding priorities.
Does the foundation accept donations of real estate or other non-cash assets?
Yes. The foundation lists a Waldorf land trust property, beneficial interests in charitable trusts, and named commercial buildings on campus — including the Francis P. Chiaramonte Center for Science and Technology and the Lorraine Diana and Robert Guite Learning Resource Building — among its holdings. This indicates an active planned-giving and real-property acceptance program.
Which sectors or programs does the foundation explicitly prioritize for fundraising?
Public communications emphasize student scholarships, health-sciences and nursing program support tied to the Center for Science and Technology, and arts and cultural programming hosted in the foundation's two student art galleries. No explicit negative exclusions have been published.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on endowments & foundations?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: