Panelists also discussed how universities can improve their allyship and confront racism.
The funds will be distributed over 10 years.
UMD needs more action on racism. Its Social Justice Alliance with Bowie State is promising.
He's charged with murder and a hate crime in the stabbing of 2nd Lt. Richard Collins.
The memorial came just hours after the first day of testimony in the trial for the man accused of killing him.
He also ruled that evidence from Urbanski's phone is admissible in trial.
About 100 people attended the event.