# University of Baltimore Endowment

University of Baltimore Endowment is an Endowment / Foundation based in Baltimore, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** Baltimore, MD, United States
- **Founded:** 1975
- **Assets under management:** Less than $100M (Altss estimate)
- **Website:** ubalt.edu
- **LinkedIn:** linkedin.com/company/university-of-baltimore-foundation-inc

## Regulatory record

- **Reports private funds:** No

## About

The University of Baltimore Endowment is a US-based endowment plan with approximately $76 million in assets. It focuses on investments in North America.

## Sectors

- Real Estate
- Education

## People

- Kurt L. Schmoke — President, University of Baltimore
- Joan M. Worthington — Chair, University of Baltimore Foundation Board

## Questions

### Who oversees investment decisions for the University of Baltimore Endowment?

UBalt does not maintain a dedicated chief investment officer or internal investment committee. Its endowment assets are pooled within the University System of Maryland Foundation, which handles investment management centrally. The UBalt administration, led by President Kurt Schmoke, and the University of Baltimore Foundation Board, chaired by Joan Worthington, provide oversight but do not make day-to-day portfolio management decisions.

### Is the UBalt Endowment structured as an independent investment vehicle?

No. UBalt pools its endowment assets with the University System of Maryland Foundation, a centralized investment entity that manages funds for multiple USM institutions including Towson University, Frostburg State University, and the University of Maryland campuses. This pooled structure means UBalt does not operate with a bespoke asset allocation or separate investment policy statement that diverges from the system-wide strategy.

### Does the University of Baltimore participate in any direct real estate investments?

Yes, but these are campus development projects rather than investment portfolio allocations. The university partnered with Bozzuto Group and Gould Property Co. in a joint venture to develop The Fitzgerald at UB Midtown, a mixed-use student housing complex. The institution previously owned commercial property at 1130 North Charles Street, which served as its former headquarters.

### What is the relationship between the University of Baltimore Endowment and the University of Baltimore Foundation?

The University of Baltimore Foundation is a separate 501(c)(3) entity that fundraises and stewards charitable gifts for the university. It is chaired by Joan M. Worthington and works alongside the university's administration. The endowment pool itself is invested through the USM Foundation, meaning the UBalt Foundation focuses on donor cultivation and gift receipt while investment management occurs at the system level.

### How does the size of the UBalt Endowment compare to its USM peers?

UBalt's endowment is among the smallest within the USM system. The consolidated USM Foundation pool was approximately $1.6 billion as of mid-2023, with the University of Maryland, College Park representing the dominant share. UBalt has not publicly reported a standalone endowment figure and is generally understood to hold less than $100 million in its long-term investment pool (Altss estimate), reflecting its commuter-school profile and modest development history.

## Related profiles

- [University of Auckland Foundation](https://altss.com/profile/university-of-auckland-foundation)
- [University of Bath Endowment](https://altss.com/profile/university-of-bath-endowment)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/university-of-baltimore-endowment

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology