The W.P. Carey Foundation, which made a $30 million gift to the law school in 2011, has been named the Outstanding Foundation of the Year by the Maryland Chapter of the Association of Fundraising Professionals (AFP). The award, presented November 16 in Baltimore, is part of AFP’s National Philanthropy Day celebration intended to acknowledge “the profound impact that philanthropy has on the quality of our lives and the fabric of our society,” according to AFP.
“We are delighted that the Carey Foundation’s impact on our state is being recognized,” said Maryland Carey Law Dean Phoebe Haddon. “The Foundation’s gifts have been transformative, not just for the Law School but for many other educational institutions that enhance Maryland’s intellectual and economic vitality.”
The W.P. Carey Foundation is a private foundation established in 1988 by William Polk Carey, founder of W.P. Carey, a leading specialized investment banking firm headquartered in New York City with operations world-wide.
The Foundation has a deep commitment to education, in recognition of the Carey family whose members have served as founders, deans, presidents and trustees of several educational institutions, including many in Maryland, where the family has roots that go back to the mid eighteenth century.
In addition to supporting the Law School, the Carey Foundation has made several other investments in Maryland educational institutions, including a $50 million gift to establish the Carey School of Business at Johns Hopkins University and a $10 million gift to refurbish the Upper School building of the Gilman School, founded in Baltimore by Anne Galbraith Carey. The Foundation has also made gifts to the Baltimore School for the Arts, the Boys’ Latin School and the Bryn Mawr School.
The AFP Outstanding Foundation of the Year Award recognizes a Maryland philanthropy that provides direct support to non-profit organizations in the state while encouraging other donors to provide support and gift recipients to develop innovative methods of solving problems. Previous award recipients include the France-Merrick Foundation, The Open Society Institute, the Annie E. Casey Foundation and nine other foundations.