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The University of Maryland's proximity to the nation's capital has resulted in many research partnerships with the federal government; faculty receive research funding and institutional support from agencies such as the National Institutes of Health, the National Aeronautics and Space Administration (NASA), the National Institute of Standards and Technology, the Food and Drug Administration, and the Department of Homeland Security. It is classified as a first tier research university by the Carnegie Foundation, and is labeled a "Public Ivy", denoting a quality of education comparable to the private Ivy League.UMD is ranked among the top 100 universities both nationally and globally by several indices.
In 2016, the University of Maryland, College Park and the University of Maryland, Baltimore formalized their strategic partnership after their collaboration successfully created more innovative medical, scientific, and educational programs, as well as greater research grants and joint faculty appointments than either campus has been able to accomplish on its own. As of 2017, the operating budget of the University of Maryland is approximately $2.1 billion.For the 2018 fiscal year, the university received a total of over $545 million in external research funding.in October 2017, the university received a record-breaking donation of $219.5 million from the A. James & Alice B. Clark Foundation, ranking among the largest philanthropic gifts to a public university in the country.
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