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Scholarship Grows From $10 Start

Michael Curry

Michael Curry, B.S. ’77

“Give what you can, not what you cannot,” says Michael Curry, B.S. ’77. What began with a $10 gift to the University of Baltimore in the late 1970s has become the Michael L. Curry Merit Scholarship Endowment, a philanthropic relationship that will impact the lives of students for years. The Curry scholarship has been awarded eight times to UB students with at least a 3.5 GPA. Curry’s generous commitment to his alma mater is the result of his belief that giving is a discipline, and saying thank you is the greatest gift of all.

As a student, Curry’s mentors helped him understand philanthropy. “I wrote handwritten notes to those individuals and organizations that gave me academic and athletic scholarships,” he says. “I said thank you at the beginning and at the end of the school year.”

Curry determined that giving back is a lifetime commitment and in 1999, joined the Turner Society by including UB in his estate plan. He also supports the University with his time and expertise. He has been a member of the University of Baltimore Foundation board of directors for 16 years, serving on every committee and as board chair. “I am loyal to UB because it has had a great impact on my life, and I want people to know how successful UB has been in changing the lives of students,” he says.

During his time as a UB student, Curry worked at local accounting firms. The UB campus extended beyond the physical parameters of the University; Baltimore City was his campus. He found UB to be a fun, eclectic, urban environment, and he applied what he learned to his summer jobs and internships, like one with Meals on Wheels. Curry also says that UB prepared him with the fundamentals. He is now a principal with the Vanguard Group, Inc.

Curry graduated from UB cum laude with a bachelor’s degree in accounting. A Junior Kelz scholar athlete, he was a member of UB’s defending Division II Men’s National Championship Soccer team (which was the first Division II collegiate soccer program in Maryland to win a men’s national championship). His love and commitment to soccer runs deep as both a coach and a member of the National Soccer Coaches Association of America, where he has coached at all levels of U.S. soccer. “I know I am doing everything I can to do my part,” he says. “I live life the way I played soccer. I leave it out on the field, no regrets.”

Support UB and Join the Turner Society

If you would like more information about including UB in your estate plan or how you can join Michael Curry in the Turner Society, please contact Theresa Silanskis at 410.837.6838 or

Last Published 7/09/15

A charitable bequest is one or two sentences in your will or living trust that leave to the University of Baltimore a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the University of Baltimore, a nonprofit corporation currently located at 1130 N. Charles St., Baltimore, MD 21201, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to UB or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to UB as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to UB as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and UB where you agree to make a gift to UB and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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