Maryland Code, Education § 17-302

(1) An amount equal to the first $250,000 or any portion thereof of pledged amounts;

(2) An amount equal to one-half of the next $1,000,000 or any portion thereof of pledged amounts;  and

(3) An amount equal to one-third of the amount in excess of $1,250,000 or any portion thereof of pledged amounts.

(1) For amounts pledged on or after July 1, 2001, an amount equal to $2 for every $1 of the first $250,000 or any portion thereof of pledged amounts;  and

(2) For amounts pledged on or after July 1, 2001, an amount equal to the next $1,000,000 or any portion thereof of pledged amounts.

(1) Only with respect to pledged amounts that are paid by the eligible private donor to:

(1) $250,000 to each community college campus;

(2) $1,250,000 each to the University of Maryland, College Park Campus, the University of Maryland, Baltimore Campus, and the University of Maryland Baltimore County;

(3) $1,500,000 each to Bowie State University, Coppin State University, Morgan State University, and University of Maryland Eastern Shore;  and

(4) $750,000 to each other eligible institution.

(e)(1) To determine eligibility for State payments, each donation shall be compared to the amount donated during the base year.  The following criteria shall be the basis for comparison:

(2) A donation received during the base year that fulfills a pledge made prior to the base year may not be included in the determination of the amount donated during the base year.

(3) Each donation must be specifically designated as an endowment.