The College Of New Jersey Foundation Inc

Organization Overview

The College Of New Jersey Foundation Inc is located in Ewing, NJ. The organization was established in 1985. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of New Jersey Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, College Of New Jersey Foundation Inc generated $30.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $9.4m during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FUND PROGRAMS THAT SUPPORT THE OVERALL MISSION OF THE COLLEGE OF NEW JERSEY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT PROGRAM: THE OBJECTIVE OF THIS PROGRAM IS TO OBTAIN PRIVATE FUNDING TO ENHANCE THE EDUCATIONAL GOALS OF THE COLLEGE OF NEW JERSEY THROUGH A NUMBER OF SCHOLARSHIPS AND AWARDS. THESE EXPENSES INCLUDE $6,178,345 OF SUPPORT TO THE COLLEGE OF NEW JERSEY AND $1,444,025 OF SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS.


THE CHARITABLE GIFT ANNUITY PROGRAM CONSISTS OF ASSETS DONATED BY INDIVIDUALS WHO SIGN AN ANNUITY AGREEMENT WITH THE FOUNDATION. THE FOUNDATION MAKES STIPULATED REGULAR PAYMENTS UNTIL AN AGREED UPON TIME.


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Board, Officers & Key Employees

Name (title)Compensation
John P Donohue
Executive Director
$123,564
Lloyd Ricketts
Assistant Treasurer
$0
Elaine A Rocha
Chair
$0
Craig Morgenstern
Treasurer & Finance Chair
$0
Gloia E Weissbart
Vice Chair
$0
Kimberly Brandley - Part Year
Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$11,580
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,138,805
Noncash contributions included in lines 1a–1f $118,414
Total Revenue from Contributions, Gifts, Grants & Similar$11,150,385
Total Program Service Revenue$0
Investment income $10,238,990
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,384,236
Net Income from Fundraising Events -$7,981
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,765,630

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The College Of New Jersey Foundation Inc has recieved totaling $16,500.

Awarding OrganizationAmount
Davies Family Educational Foundation

Onalaska, WI

PURPOSE: SCHOLARSHIP FUND

$15,000
William C & Mabel D Hunt

Dallas, TX

PURPOSE: SCHOLARSHIPS

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$48,605,579
Earnings-$7,499,480
Admin Expense$67,124
Net Contributions$4,353,784
Other Expense$1,322,486
Grants$885,387
Ending Balance$43,184,886

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