Contributions from July 1, 2023, through June 30, 2024
MSUFMISSION
Mission Statement
The Morgan State University Foundation, Inc . (MSUF) is a separately incorporated 501(c)(3) nonprofit organization . The Foundation was established in 1971 to provide financial support and counsel for Morgan State University, a public higher educational institution within the State University System of Maryland . The Foundation is governed by the Foundation Board of Directors .
The Foundation exists solely for the purpose of promoting the growth, progress and general welfare of Morgan State University . The MSUF administers private donations in support of academic programs, student scholarships, faculty development, public service initiatives and other priorities of Morgan State University . Gifts made through the Foundation are tax deductible to the full extent provided by law and are governed in accordance with donor intentions .
FY24 Annual Report
Contributions from July 1, 2023, through June 30, 2024
Dear Friends,
Chair
Joseph S. Simms, III Morgan State University Class of 1993
I greet you on behalf of the Board of Directors of the Morgan State University Foundation. The past year’s accomplishments are a source of great pride for all who played a part in Morgan’s growth and continued ascension as Maryland’s preeminent public urban research institution of higher learning. As we reflect on the future, we are encouraged by the increasing influence of Morgan’s mission, as the work centered on our campus, the National Treasure, continues its beneficial impact on the city of Baltimore, the state, the region, the nation and the world.
In Fiscal Year 2024, we collectively raised more than $27.5 million and grew our alumni participation-ingiving rate to 12%. We were honored to receive major support from longstanding partners, such as the Goldman Sachs Foundation and Wells Fargo Foundation, as well as from
organizations newly committed to Morgan, such as The Philadelphia Foundation. Most important were the scholars helped by your dedication to Morgan’s purpose and mission: 2,640 students received scholarship awards that enriched their futures by making a Morgan education a reality. For this, we are profoundly grateful. We stand at a unique and concerning crossroads in our national journey. During these uncertain times, it is critical that we all recommit to ensuring a bright future. We must make this moment in our nation’s history a time that galvanizes our renewed sense of ownership and purpose to support invaluable institutions like Morgan State University. We deeply appreciate all our donors and supporters, including our alumni, who play a critical role. Our shared history and passion for our alma mater ultimately compel us to write the next great chapter in Morgan’s illustrious history. Philanthropy and alumni engagement are the lifeblood of any university, and Morgan is no different. We are proud of the significant infrastructure investments on campus, but Morgan is more than brick-and-mortar. It is a beacon that calls us home. Morgan is an ideal that resonates in our hearts. It is worth supporting, investing in and fighting for.
I thank you for all you contributed to our collective accomplishments this year. We are grateful for your generosity and commitment to Morgan, and we stand ready to partner with you in the coming years ahead to prepare and support future leaders who will leave their mark on the world stage for decades to come.
Sincerely,
Joseph S. Simms, III
Joseph S. Simms, III
Chair,
Morgan State University Foundation, Inc.
Dear Friends and Supporters of Morgan State,
Executive Director
Ms. Endia M. DeCordova, MBA
Executive Director, Morgan State University Foundation, Inc.
Vice President, Institutional Advancement, Morgan State University
It’s my pleasure to share with you the Fiscal Year 2024 Annual Report for the Morgan State University Foundation. This past year has been a powerful reminder of what we can accomplish when purpose meets passion — and when a community of committed individuals like you stands behind us. The MSU Foundation is profoundly committed to advancing educational excellence, expanding opportunities and preserving the legacy of Morgan State. The Foundation exists to support Morgan’s mission of access and innovation. We help ensure Morgan isn’t simply keeping pace but, rather, setting the pace and continually raising the bar as Maryland’s preeminent public urban research university — an institution anchored by its proud HBCU legacy that continues to grow stronger with each passing year.
In a time when higher education is challenged in new and complex ways, Morgan has remained focused, determined and unwavering in its commitment to our students and our future. We are leading with resilience, perseverance and fortitude. However, we could not have achieved success without the support of the many donors and stakeholders who stand with us in carrying out this work. Now more than ever, we need to rely on investments from our community of alumni and friends to continue our mission.
Your support has done more than fund scholarships or boost endowments. It has changed lives. It has opened doors for students to discover their passions, complete their degrees and stride boldly into a competitive world as leaders. It has fueled innovation, research and creative thinking that ripple far beyond our campus. And it has helped us build a culture of philanthropy that is vibrant, growing and deeply rooted in purpose.
In 2024, we focused on deepening relationships with our donors, creating more meaningful experiences for our students and building a foundation that will sustain Morgan for generations to come. We’re proud of how far we’ve come and even more excited about where we’re going.
Thank you for being part of this journey. We are truly grateful for your trust, your partnership and your unwavering support. Together, we’re creating something powerful: a brighter future for Morgan State University and for the students whose lives will be forever changed by what we build together.
With heartfelt thanks,
Endia M. DeCordova, MBA
Vice President for Institutional Advancement, Morgan State University
Executive Director, Morgan State University Foundation, Inc.
Endia M. DeCordova
DONOR PROFILE
GIVING FROM THE HEART
BY BRENDA HENDERSON, Morgan Class of 1965
A NATIVE OF ORANGEBURG, SOUTH CAROLINA, GREG M. JONES, OF MORGAN’S CLASS OF 1979, understood early on the importance of education. His mother taught at Claflin University. His first introduction to an Historically Black College or University came when he was a third grader in daycare, which was located on s
We see (Morgan on the Vineyard) as a vehicle to connect to each other. The strength of Morgan is found in the alumni who protect, advance and support its mission.”
— Greg M. Jones, Morgan Class of 1979
Save the Date! Morgan on the Vineyard Aug. 3–10, 2025 • Martha’s Vineyard, MA
Claflin’s campus. As an adult, he realized the impact of those experiences on his life. Graduating from Morgan with a Bachelor of Science in Accounting, Jones went on to achieve a Master of Arts in Public Administration at Carnegie Mellon University and a Master of Business Administration as a Cigna Foundation Fellow at The Wharton School.
These days, Greg and his wife, Lauren, reside in Connecticut, where Greg serves as vice president for strategy and planning for Hartford Healthcare. The couple are also the founders of The Legacy Foundation of Hartford, a nonprofit organization with a mission to address and reduce disparities in health and education, particularly in Hartford, where test scores of low-income students are in the nation’s bottom third. The foundation partners with other organizations to expand its reach, says Greg, who is chair of the organization’s board.
“We focus our energies on creating opportunities,” Jones says. “Talent is universal. Opportunities are not. We develop
(far right) Morgan on the Vineyard founder and host Greg Jones, ’79, with (left to right) Morgan President David K. Wilson; Morgan Vice President for Institutional Advancement Endia DeCordova, ’99; Omega Psi Phi Fraternity, Inc., Pi Chapter member Joseph Harrison, ’13; and Morgan State University Foundation Board Chair Joseph Simms, ’93, at Morgan on the Vineyard 2024
Greg Jones
‘‘Greg Jones and his wife, Lauren, are also the founders of The Legacy Foundation of Hartford, a nonprofit organization with a mission to address and reduce disparities in health and education.”
and execute programs that primarily create opportunities to help advance the educational pursuits of youth and encourage a proactive approach to health responsibility.”
Jones was attracted to Morgan early in his life. His mother was a graduate of two historically Black institutions, Claflin University and South Carolina State University, and he witnessed the fun his parents had getting together with their friends at football games at Hampton, North Carolina A&T, Johnson C. Smith and other HBCUs. Other strong influences on his college choice were two Morgan alums: his cousins Marilyn Jones Knight, of the Class of 1978, and Janice Jones, of the Class of 1970.
“Morgan became the Jones family school,” says Greg. “I liked what I saw: a warm environment.”
‘Our Responsibility’
His own Morgan experience fueled a passion for giving back to alma mater that has grown taller and wider over the years. In 2014, he and Lauren established the Greg M. and Lauren Allen-Jones Endowment Fund, which aids the Morgan State University Foundation in awarding scholarships to Morgan students based on academic achievement and financial need.
Another of the couple’s fundraising endeavors has quickly become an annual highlight on the calendars of Morganites and Morgan supporters. Encouraged by a friend to visit Martha’s Vineyard, Massachusetts, Greg thoroughly enjoyed the trip and eventually bought a vacation home on the island, which has long been a beloved summer destination of African Americans. The couple noticed that HBCUs drew alumni to the Vineyard annually for events and fellowship, and they wondered why Morgan did not. Six years ago, after inquiring with Morgan President David K. Wilson, Greg and Lauren decided to welcome Morgan alumni to their Vineyard home for a fun visit that would also bring in financial support for the University. That informal event has evolved to become a week of activities anchored by a reception with President Wilson, a beach party and an “Orange Out” restaurant dinner. Tara Turner, Morgan’s assistant vice president for Institutional Advancement, reports that Morgan on the Vineyard has raised nearly $500,000 for the University since its launch in 2018.
“We see this as a vehicle to connect to each other,” Jones says about the increasingly popular event. “The strength of Morgan is found in the alumni who protect, advance and support its mission. It’s now our watch…. It’s our responsibility.”
Happy but not content with the successes of the endowment and Morgan on the Vineyard, Jones has continued to boost the University in other ways. A member of the Pi Chapter of Omega Psi Phi Fraternity, Inc., on Morgan’s campus, “I had the pleasure of presenting a check for $250,000 to Morgan State University Foundation Executive Director Endia DeCordova to commemorate Omega Psi Phi Pi Chapter’s Centennial” last November, says Jones, adding that the chapter also committed to creating a $1-million endowment to support Morgan, with funds to be raised through individual giving.
Repaying the Debt
In his corporate life, Jones has a rich history of career and leadership achievements. An investment banker, he has more than 30 years of experience in the profession and has assisted public and privately held manufacturing, utility and healthcare companies in growing their businesses through mergers, acquisitions and strategic capital management. Before arriving at Hartford Healthcare in 2017, Jones held leadership posts with Corporate Development Group/Divestiture Partners, Pratt & Whitney, Bechtel, JP Morgan and other large companies.
And he credits Morgan with preparing him for career success.
“Morgan was my hotspot, where I developed confidence and a foundation for success,” Jones says.
Scan to Give to Morgan Today
Tara Turner describes him as “an exemplary, humble graduate who knows how to help the community and has the connections. He gives from the heart…. He is known for his acts, not money.”
Characteristically, Jones is more succinct.
“Giving is who I am as an alum,” he says. n
FINANCIALS
INDEPENDENT AUDITOR’S REPORT
To the Board of Directors
Morgan State University Foundation, Inc Baltimore, Maryland
Opinion
We have audited the accompanying financial statements of Morgan State University Foundation, Inc (the Foundation), which comprise the statements of financial position as of June 30, 2024 and 2023, and the related statements of activities and change in net assets, functional expenses, and cash flows for the years then ended, and the related notes to the financial statements .
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Morgan State University Foundation, Inc as of June 30, 2024 and 2023, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America .
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report We are required to be independent of Morgan State University Foundation, Inc and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Morgan State University Foundation, Inc ’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
In performing an audit in accordance with generally accepted auditing standards, we:
Exercise professional judgment and maintain professional skepticism throughout the audit
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Morgan State University Foundation, Inc ’s internal control . Accordingly, no such opinion is expressed
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Morgan State ’s ability to continue as a going concern for a reasonable period of time
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified
Abrams, Foster, Nole & Williams, P A
Certified Public Accountants Baltimore, Maryland August 26, 2024
*Pledges receivable, net discount of $313,295 and allowance of $980,250 at June 30, 2023
accompanying
FINANCIALS
FAIR VALUE MEASUREMENTS
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date Generally accepted accounting principles in the United States (GAAP) establish a framework for measuring fair value That framework provides a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value . That hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”)
The three levels of the fair value hierarchy are described below:
Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities . Level 2 – Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly
Level 3 – Inputs that are unobservable inputs that are supported by little or no market activity and that are significant to the measurement of the assets or liabilities
Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying statement of financial position, as well as the general classification of such instruments pursuant to the valuation hierarchy There have not been changes in the methodologies used as of June 30, 2024:
Cash, cash equivalents, money market and CD’s: Valued at the closing price on the active market on which cash is traded and generally classified as Level 1 hierarchy
Common stocks, U.S government bonds and securities: Valued at the closing price reported on the active market on which the individual securities are traded and generally classified as Level 1 hierarchy
Notes to Financial Statements
June 30, 2024, and 2023
Mutual Funds and Equity Securities: Valued at the last quoted sales price, except securities traded on the Nasdaq Stock Market, Inc (NASDAQ), which are valued in accordance with the NASDAQ Official Closing Price Over the counter securities are valued at the mean between the latest bid and asked prices as furnished by dealers who make markets in such securities . Equities may be classified as Level 1 or Level 2
Corporate and foreign bonds: Fair value is based upon quotes for similar securities; therefore, these investments are rendered Level 2
Fair Value Measurement – The following table presents the Foundation’s fair value measurements of assets recognized in the accompanying statements of financial position that are measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at June 30, 2024 and 2023:
There were no transfers between Level 1 and Level 2 at June 30, 2024, and 2023.
Fair Value Measurement Using:
GIFTS OVERVIEW
MORGAN STATE UNIVERSITY FOUNDATION, INC
Unless otherwise indicated, all financial data in this report reflect fiscal year 2024, beginning July 1, 2023, and ending June 30, 2024.
MAJOR GIFT DONORS
Ripple Labs, Inc.
State of Maryland Department of Commerce
Estate of Mr. Wilbert L. Walker †
Wells Fargo Foundation
Andrew W. Mellon Foundation
Goldman Sachs Foundation
Mr. Kevin Kelly and Mrs. Stacy Carlson-Kelly
The Philadelphia Foundation
SECU Maryland Foundation Inc.
Goldseker Foundation
Bristol-Myers Squibb Company
Ford Foundation
AltFinance Corporation
$250,000
GIFTS OVERVIEW
WHAT DID GIFTS SUPPORT?
MORGAN STATE UNIVERSITY FOUNDATION, INC
Unless otherwise indicated, all financial data in this report reflect fiscal year 2024, beginning July 1, 2023, and ending June 30, 2024.
WHO GAVE? REVENUE
$5 .8M AWARDED Scholarships
2,640 Students awarded scholarships during the 2023-2024 academic year ENDOWMENT - Growth Over Time
(Each icon equals 25 students.)
Total Revenue Per year income for 11 years –2013 to 2024
(Includes contributions and investment income.)
Total Assets
Accumulation for 11 years –2013 to 2024
(Includes cash and cash equivalents, investments, investments – accumulated earnings, pledges receivable, net discount of amount and allowance of amount, prepaid expenses, and other receivables.)
STUDENT SPOTLIGHT
Morgan State University’s New Student-Managed Investment Fund Provides Real-World Experience in Finance
Morgan Undergraduates Seek to Grow Their Skills and Their $120,000 Seed
Transferring to Morgan State University from Prince George’s Community College in Fall 2021, Christian Covington was pleased to find a growing institution with a wealth of resources and knowledgeable professors who cared about their students’ success. Joining Morgan’s Investment Club the next year grew the Bachelor of Science in Finance scholar’s positive Morgan experience, as the student organization offered weekly opportunities to meet and learn from major finance industry players such as Goldman Sachs, Lazard and T. Rowe Price.
This fall, as Covington settles into the role of Investment Club president, a new student program is continuing his elevation. Morgan State University’s Student-Managed Investment Fund (SMIF), launched in September, is giving Morgan Accounting and Finance majors the opportunity to manage and invest ‘real money.’ In the process, the students gain real-world portfolio management knowledge and experience and acquire skills in securities research, stock pitching, making buy/sell decisions and preparing investment performance reports.
Covington and five other members of the Investment Club are managing the SMIF, which was seeded with initial funding of $120,000. The initiative was spearheaded by the Graves School of Business and Management in collaboration with the
Morgan State University’s Student-Managed Investment Fund (SMIF), launched in September 2024, is giving Morgan Accounting and Finance majors the opportunity to manage and invest ‘real money.’
Morgan State University Foundation, to complement the theoretical concepts Morgan students learn in the classroom with practical skills that will distinguish them in the competitive world of finance.
Most of the seed funding came from Morgan students’ winnings from national case competitions, and the remaining funds were raised by the Graves School.
T. Rowe Price employees helped Investment Club members prepare for the program’s launch during a Student-Managed Investment Fund Boot Camp last year. They taught the students how to build a “threestatement model” that used income statements, balance sheets and
cash flow statements to project how companies would perform on the stock market. The SMIF managers are now using that knowledge to help their Fund track the performance of the S&P 500.
The students’ work with the SMIF is integrated with their Morgan coursework and with their activities in Morgan’s Capital Markets Lab, a stateof-the-art financial laboratory, in the Morgan Business Center, that delivers real-time market data feeds, news and news analysis from exchanges, brokerage houses, media and financial services. The meetings of Morgan’s Investment Club are held weekly in the Lab.
George Micheni is director of the Capital Markets Lab and is also the program manager for the StudentManaged Investment Fund.
“The Lab is the ideal venue for the SMIF, because it is offering essential resources required for the successful operation of the Fund,” Micheni says. “One of the most significant assets we have in the Capital Markets Lab is the Bloomberg Terminal, which provides real-time access to comprehensive financial data and market insights from the U.S. and global markets and enables students to engage in sophisticated investment analysis and decision-making.”
Finance 350 is the connecting point for the SMIF and Morgan’s curricula,
explains the Fund’s student advisor, Pritam Saha, Ph.D., associate professor of Finance at Morgan.
“One of the objectives of this class is to train (the students) as sales-side equity analysts” though their work with the SMIF, says Dr. Saha. Morgan hopes to eventually grow the studentmanaged fund’s $120,000 in seed money to $1 million, but “the goal of the course is not to make money,” Saha adds. “The goal is to have the students learn all the skills required to be good financial analysts.”
Covington’s work as a manager for the SMIF is not his first impressive real-world experience in his field. He served as an intern with T. Rowe Price in Fall 2023 and is working with
Goldman Sachs as an asset and wealth management intern now, supporting one of the Fortune 500 firm’s financial advisors in Philadelphia. The position with Goldman Sachs flowed from his participation in the company’s “Market Madness” case competition as a member of Morgan’s team, which landed in the top five among 40 HBCU competitors, last year.
The work ethic Covington learned from his father, and the academic knowledge and experiential learning he has received through Morgan, have put him on a promising path.
As a leader of the Student-Managed Investment Fund, “We have to stay in tune with what’s happening in the markets. We get to look at different sectors. It keeps us in tune with what’s happening in the world,” Covington says. “I think it’s something that could definitely help on the job.”
The program director, Micheni, expects the SMIF to benefit not only the student managers but the Graves School as a whole.
“I’m looking at more companies coming in to hire our students. I’m looking at more students interning (at large companies) in high-end positions. I’m looking at the School of Business and Management growing more than it is right now in terms of exposure,” Micheni says. “… I think this new (program) is going to expand our opportunities more than we can imagine.”
George Micheni is director of the Capital Markets Lab and is also the program manager for the Student-Managed Investment Fund. Pritam Saha, Ph.D., associate professor of Finance at Morgan.
DONORS
Corporation, Foundation, Organization Donors Contributions July 1, 2023, through June 30, 2024
($1,000,000 +)
Ripple Labs, Inc.
State of Maryland Department of Commerce
($500,000 +)
Andrew W. Mellon Foundation
Goldman Sachs Foundation
Wells Fargo Foundation
($250,000 +)
AltFinance Corporation
Bristol-Myers Squibb Company
Church & Dwight Philanthropic Foundation, Inc.
Ford Foundation
Goldseker Foundation
The Philadelphia Foundation
SECU Maryland Foundation Inc.
($100,000 +)
American Honda Motor Co., Inc.
The Boeing Company
The Columbus Foundation
Deloitte & Touche, LLP
The Democracy Fund
Experian
Google, LLC
Historically Black College University (HBCU)
Wrestling
IBM Corporation
Intel Foundation
Lockheed Martin Corporation
The M&T Charitable Foundation
National Association for Community College
Entrepreneurship
NewsCorp
Symetra Life Insurance Company
Wellpoint Foundation
($50,000 +)
Allianz Life Insurance
Aon Corporation
Cadence Foundation Fund
Cellular Systems & Signage, LLC
Charlotte W. Newcombe Foundation
Corning Incorporated Foundation
Cross River Community Foundation
Enterprise Mobility
Hannon Armstrong Foundation
The Harold W. McGraw, Jr. Family Foundation
High Point University
Kaiser Permanente Foundation
Leidos
MMTL Foundation
MSUAA Howard L. Cornish Metropolitan Baltimore Chapter
PepsiCo
Stanley Black & Decker
T. Rowe Price Foundation, Inc.
Thurgood Marshall College Fund
Whiting-Turner Contracting Company
($25,000 +)
Aegon Transamerica Foundation
BIC Educational Foundation
CVS Health Foundation
Educational Credit Management Corporation (ECMC)
The Executive Leadership Council, Inc.
Hawaii Pacific University
Hewlett-Packard Company
Hord Coplan Macht, Inc.
National Action Council for Minorities in Engineering, Inc.
Northrop Grumman Corporation
Oracle
Pallas Foundation
PNC Bank Corporation
University of South Carolina
($10,000 +)
Annie E. Casey Foundation
Apple Computer, Inc.
AvidXchange, Inc. for National Alliance on Mental Illness
Barton Malow Company Foundation
CACI, Inc. – Federal
Campbell & Company
CareFirst BlueCross BlueShield
Coinbase Inc.
Colorado State University
Fulton Forward Foundation
The Harbor Bank of Maryland
Hardesty Hanover (H&H)
HBC Endzone Experience
Holder Construction Group, LLC
HomeFree USA
Interactive One
International Foundation for Telemetering
Johnson, Mirmiran & Thompson
Maryland Capital Enterprises, Inc.
Morgan State University Alumni Association
MSUAA Washington, DC Alumni Chapter
National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc.
Norfolk Southern Foundation
The Philip and Harriet Klein Foundation, Inc.
Prudential Financial
Raymond James Charitable Fund
Spencer Educational Foundation
State Farm Insurance Companies
Strada Education Network
University of the Virgin Islands
UNUM
UpSurge Baltimore
Zenmed Entertainment, LLC
Individual Donors
($500,000 +)
Mr. Kevin Kelly and Mrs. Stacy Carlson-Kelly
Estate of Mr. Wilbert L. Walker †
(100,000 +)
Mr. David J. Brashear and Mrs. Romica R. Brashear
Mr. Rodney E. Carter
Estate of Russell H. Costley †
Dr. David K. Wilson
($50,000 +)
Dr. and Mrs. Jerome Adams
Mr. Akinwale Akinpelu
Ms. Carol P. Camper
Rev. Dr. and Mrs. Bernard Keels
Col. (Ret.) Lawrence King Montgomery, Jr.
Estate of Margaret B. Wells †
($25,000 +)
Ms. Margaret W. Barroll and Mr. Hans E. Hartse
Mr. Brian D. Boles
The Honorable JoAnn Bowens
Mr. Floyd M. Brown
Mr. Willie B. Dean
Mr. Earl S. El-Amin
Gen. (Ret.) and Mrs. Larry R. Ellis
Mr. Cecil E. Flamer
Mrs. Diane C. Grandberry
Mr. and Mrs. Joseph R. Harrison, III
Ms. Madelyn P. Jennings
Ms. Katherine E. Leonard
Mrs. Sharon A. Russell
Estate of Barbara J. Spraglin †
Mrs. Barbara C. Sturdivant
Mr. and Mrs. W. Stewart Taylor
Deceased
Contributions July 1, 2023, through June 30, 2024
($10,000 +)
Anonymous Donor
Oscar Barton, Jr., Ph.D.
Col. (Ret.) and Mrs. Harold J. Bennett, Jr.
Senator Joan Carter Conway
Ms. Shirley E. Cooke
Ms. Barbara E. Crawley
Ms. Wendy Bailey Davis
Dr. Sharon G. Finney
Mr. Berton Gunter
Mr. Aaron Hancock
Mrs. Brenda S. Harriel
The Rev. Marsha Evans Holmes
Mrs. Valerie R. Hooper
Mr. Dwayne K. Johnson
Mr. Gregory M. Jones
Mr. and Mrs. Josh Lauring
Mr. Brett L. Martin
Dr. Willie E. May
Drs. Keith and Grishondra Mays
Mr. Lawrence Muldoon
Dr. John Laws Nickens, Jr.
Drs. Thomas Pinder and Esther G. Pinder
Ms. Tanya V. Rush
Dr. Ruthe T. Sheffey
Mr. and Mrs. William A. Sherman, II
Ms. Airuel D. Singletary
Mr. and Mrs. Lonnie L. Smith
Mr. and Mrs. Joseph P. Solinsky
Mr. Walter R. Somerville, Jr.
Mr. Chuck Stephens
Mrs. Carolyn B. Theodore
Lt. Col. (Ret.) and Mrs. Larry D. Turner
Mr. and Mrs. Carl W. Turnipseed
Ms. Danielle P. Turnipseed
Mr. Daniel Solender and Mrs. Lynne B. Whitman-Solender
Mrs. Teresa R. Williams and Mr. Lloyd Williams
Mr. and Mrs. William T. Williams
BOARD MEMBERS
Morgan State University Foundation, Inc. Board Members as of June 30, 2024
Executive Committee
Mr . Joseph S . Simms, III Chair
Mr . Forest T . Harper, Jr . Vice Chair
Mr . Mervin A . Bourne Secretary
Mr . Craig I . Spencer Chair, Finance Committee
Mr Calvin H Baker Chair, Investment
Mr . David A . Sheppard Chair, Audit Committee
Ms LeVerne A B Wallace Chair, Committee on Directors
Dr . Geneva J . Williams Chair, Development Committee
Board Members
Lt . Col . (Ret .) Michael L . Bell President, Morgan State University Alumni Association
Mr . Nicholas Edwards
Mr . Kevin L . Hawkins
Mr William A Sherman, II Board of Regents Representative
Ms . Trisch L . Smith
Mr Stanley W Tucker
Ms . Dawn White
Ex-Officio Members
Dr . David K . Wilson President, Morgan State University
Ms Endia M DeCordova, MBA
Executive Director, Morgan State University Foundation, Inc. Vice President, Institutional Advancement, Morgan State University
