Public Charity

UMGC VENTURES INC

UMGC VENTURES INC is a Public Charity headquartered in BETHESDA, MD. Financial data from the 2025 filing: $51.0M revenue, $52.1M expenses, $43.6M total assets. IRS filings disclose 2 grants awarded by this foundation, totaling roughly $16.0M.

EIN: 812898004 BETHESDA, MD Fund Raising & Fund Distribution NTEE: B12 Latest filing: 2025
Total Revenue$51.0M
Total Expenses$52.1M
Total Assets$43.6M
Grants Given2
Grant Total$16.0M
Filing Years2021–2025

Mission

UMGC VENTURES IS AN ORGANIZATION THAT SUPPORTS THE UNIVERSITY OF MARYLAND UNIVERSITY GLOBAL CAMPUS (UMGC). THE PURPOSE OF UMGC VENTURES IS THREEFOLD: - TO SUPPORT UMGC'S TRANSFORMATION INTO A FIRST-CLASS, MARKET-LEADING INNOVATION HUB AND THE HIGHER EDUCATION DESTINATION OF CHOICE FOR ADULT LEARNERS WISHING TO ADVANCE THEIR CAREERS. - TO CREATE A PLATFORM FROM WHICH ALL HIGHER EDUCATION, ESPECIALLY UNIVERSITY SYSTEM OF MARYLAND INSTITUTIONS, CAN LEVERAGE THE POTENTIAL OF BEST PRACTICES AND SCALE SERVICES COMMON TO THE DELIVERY OF HIGHER EDUCATION. - TO GENERATE AND CAPTURE ECONOMIC BENEFIT TO ENABLE UMGC TO INCREASE ITS CAPACITY TO DELIVER A LOW-COST, HIGH VALUE OFFERING TO ITS STUDENTS.

Sample Grants Given

UNIVERSITY SYSTEM OF MARYLAND FOUNDATION
ADELPHI, MD · 2021
PROGRAM SUPPORT
$25,000
UNIVERSITY SYSTEM OF MARYLAND FOUNDATION
ADELPHI, MD · 2019
PROGRAM SUPPORT
$16,000,000

Showing up to 5 of 2 total records — full history available with membership.

Officers & Directors

PORTFOLIO PRESIDENT/CIO Ashish Patel
VP, LEARNING PLATFORMS Barry Sugarman
AVP, ENGAGEMENT PLATFORMS Brian Gnatt
BOARD MEMBER Cassie Strom
FORMER CHIEF EXECUTIVE OFFICER David Cumberbatch Thru 0624
AVP, CRM Denise Dyer

Officer compensation and complete director data available with membership.

Top Grant Purposes

PROGRAM SUPPORT
$16,025,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $51.0M $52.1M $43.6M
2024 $50.7M $51.5M $44.5M
2023 $40.1M $40.1M $43.4M
2022 $43.4M $39.8M $44.9M
2021 $47.7M $44.2M $44.1M

Between 2021 and 2025, reported annual revenue grew from $47.7M to $51.0M (+7%), with total assets most recently reported at $43.6M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MD.

MD

Full geographic grant map with state-by-state breakdown available with membership.

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