University System of Maryland Foundation (USM Foundation) manages the endowment fund of the University System of Maryland which is based in Adelphi, Maryland. Established in 1979, the mission of the foundation is to advocate and support the advancement of public higher education in Maryland through visionary leadership in philanthropy, asset management, and stewardship. The assets of the foundation are managed by the executive management team.University System of Maryland Foundation's investment portfolio is valued at $1.56 billion, with investments in equity, hedge fund, alternatives, and cash.