The St. Mary's College of Maryland Foundation, Inc. is a private, non-profit organization dedicated to supporting the College by soliciting contributions and gifts as well as undertaking special projects and managing a growing endowment portfolio. Established in 1972, the Foundation works closely with the president, the Office of Development, and the faculty and staff to support critical College needs. It also establishes and manages endowment funds. The gifts received by the Foundation are an important supplement to state appropriations, enabling the College to enhance support for scholarships, faculty initiatives and other professional activities, library acquisitions, community outreach, and a wide range of student-related activities. Virtually every facet of life at St. Mary's is enriched by the support that the Foundation provides.