The William Paterson University Of New Jersey Foundation Inc

Organization Overview

The William Paterson University Of New Jersey Foundation Inc is located in Wayne, NJ. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. William Paterson University 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 06/2021, William Paterson University Of New Jersey Foundation Inc generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN SO DOING, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY AND OTHER CONSTITUENT GROUPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT THE UNIVERSITY'S SCHOLARSHIP PROGRAM. THE FOUNDATION RAISES FUNDS IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS IN PAYING THEIR TUITION, DOES NOT REQUIRE REPAYMENT OR A WORK OBLIGATION. THESE SCHOLARSHIPS CAN BE AWARDED TO ENROLLED WILLIAM PATERSON UNIVERSITY STUDENTS WHO DEMONSTRATE ACADEMIC PROFICIENCY, AND/OR FINANCIAL NEED. THE AWARDING OF SCHOLARSHIPS POSITIVELY IMPACTS STUDENTS, PROVIDING CRITICAL FINANCIAL ASSISTANCE AND ENCOURAGEMENT NEEDED TO CONTINUE THEIR EDUCATION.


PROVIDE SUPPORT TO THE UNIVERSITY'S ACADEMIC AND ATHLETIC PROGRAMS AS WELL AS RAISE FUNDS FOR FACILITY ENHANCEMENT (CAPITAL CAMPAIGNS). THE UNIVERSITY OFFERS A WIDE RANGE OF INNOVATIVE ACADEMIC PROGRAMS INCLUDING SEVERAL THAT PROVIDE DONORS WITH AN OUTSTANDING OPPORTUNITY TO MAKE A SPECIAL IMPACT THROUGH THEIR SUPPORT. EXAMPLES OF THESE PROGRAMS ARE AS FOLLOWS: VARIOUS PROGRAMS FUNDED BY THE HENRY & MARILYN TAUB FOUNDATION, RUSS BERRIE INSTITUTE FOR PROFESSIONAL SALES, THE CENTER FOR CHINESE ART, COTSAKOS COLLEGE OF BUSINESS COIN PROJECT, ADVANCE MUSIC STUDIES AND PERFORMANCE (MUSIC AFTER SCHOOL PROGRAM), PROFESSORS IN RESIDENCE, LIVING JAZZ ARCHIVES, HELLER INSTITUTE OF TEACHING & LEARNING, NJ NATIONAL HISTORY DAY, PESCE MENTORING INSTITUTE, ETC.


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Board, Officers & Key Employees

Name (title)Compensation
Pamela L Ferguson
President (non-Voting)
$90,043
Linda Niro
Treasurer
$0
Aaron Van Duyne III
Chair
$0
Allen Magrini
Vice Chair
$0
Russell Hawkins
Secretary
$0
Stephen Bolyai
Board Member, Thru 5/31/21
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$114,508
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,711,605
Noncash contributions included in lines 1a–1f $145,096
Total Revenue from Contributions, Gifts, Grants & Similar$7,826,113
Total Program Service Revenue$0
Investment income $375,814
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,089,180
Net Income from Fundraising Events -$1,456
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,306,963

Grants Awarded

Over the last fiscal year, The William Paterson University Of New Jersey Foundation Inc has awarded $2,215,158 in support to 3 organizations.

Grant RecipientAmount

WILLIAM PATERSON UNIVERSITY OF NEW JERSEY

PURPOSE: PROVIDE RESOURCES TO THE UNIVERSITY FOR EDUCATIONAL PURPOSES

$1,392,483

WILLIAM PATERSON UNIVERSITY OF NEW JERSEY

PURPOSE: SCHORLARSHIPS

$816,442

WILLIAM PATERSON UNIVERSITY ALUMNI ASSOCIATION

Org PageRecipient Profile

Wayne, NJ

PURPOSE: PROVIDE SUPPORT TO WILLIAM PATERSON ALUMNI ASSOCIATION

$6,233
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that The William Paterson University Of New Jersey Foundation Inc has recieved totaling $100,825.

Awarding OrganizationAmount
Russell Berrie Foundation

Teaneck, NJ

PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE

$30,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$28,644
Mcmaster University Ontario

PURPOSE: SUB-GRANT

|

$12,006
B L Manger Foundation Inc

Stamford, CT

PURPOSE: GENERAL

$10,000
Caring Cetera

El Segundo, CA

PURPOSE: SCHOLARSHIP ASSISTANCE

$10,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$19,262,899
Earnings$1,415,457
Net Contributions$6,963,924
Other Expense$603,389
Ending Balance$27,038,891

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