Overview
What is Stockton University Foundation?
The Stockton University Foundation, established in 1972 by supporters of the university, is a nonprofit organization based in Galloway, New Jersey. Its primary mission is to oversee and manage funds, ensuring their responsible allocation in support of Stockton University and its students. The foundation raises funds, manages their stewardship, and distributes them to various purposes. One of its key activities is administering scholarships, primarily on a competitive basis, to undergraduate and graduate students. In fiscal year 2022, 707 students received these awards. The foundation relies on both permanently restricted endowment funds and current-use gifts to provide financial assistance, with the primary objective of supporting a substantial number of students and strengthening the educational capacity of the university.
Official website here: www.stockton.edu/foundation
What are the reviews and ratings of this charity?
100% rating on Charity Navigator, indicating a Four-Star out of Four Star rating, reflects the Stockton University Foundation's exemplary performance in accountability and finance. This high score is derived from comprehensive assessments of various financial practices and governance structures, showcasing the organization's commitment to transparency and responsible management of funds.
Strengths of the foundation include a highly independent board with 93% of its members being independent, as well as robust financial oversight mechanisms, including an effective Audit and Oversight Committee. The organization also demonstrates strong fiscal health, highlighted by a program expense ratio of 84.91% and a very low liabilities to assets ratio of 0.05%, ensuring that the majority of funds are directed towards its mission.
There are no significant limitations noted in the data, as the foundation has implemented numerous best practices, including a conflict of interest policy and a whistleblower policy. Overall, the Stockton University Foundation exemplifies strong governance and financial integrity, making it a reliable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Stockton University Foundation legitimate?
Stockton University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stockton University Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $30,695
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.stockton.edu/foundation
What is the mission statement of Stockton University Foundation?
The Stockton University Foundation serves a crucial role in providing leadership, oversight, and is responsible for raising, managing, and distributing funds to support Stockton University and its students. Established in 1972 by the university's supporters, its primary mission is to offer substantial financial assistance to a significant number of students and strengthen the educational capacity of the university. The foundation aims to address the philanthropic needs of Stockton University, ensuring its growth and success.
Official website here: www.stockton.edu/foundation
Who is the CEO of Stockton University Foundation?
Daniel Negent is the Principal Officer of Stockton University Foundation.
Official website here: www.stockton.edu/foundation
What is the revenue of Stockton University Foundation?
Stockton University Foundation's revenue in 2022 was $5,457,548.
Official website here: www.stockton.edu/foundation
Who are the executives of Stockton University Foundation and what are their salaries?
There 192 volunteers at Stockton University Foundation.
Here are 45 key members and their salaries:
- Compensation: $0
- Related: $484,750
- Other: $176,644
- Compensation: $0
- Related: $180,483
- Other: $34,786
- Compensation: $0
- Related: $117,969
- Other: $23,599
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.stockton.edu/foundation
Where can I find the form 990 for Stockton University Foundation?
Stockton University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stockton.edu/foundation
Learn more at the official website: www.stockton.edu/foundation
Mission Statement of Stockton University Foundation
Stockton University Foundation, established in 1972 by supporters of the university, serves as a crucial entity responsible for raising, managing, and dispersing funds to benefit Stockton University and its students. The foundation's primary mission is twofold: firstly, to offer substantial financial assistance to a notable number of students, thereby alleviating their financial burdens. Secondly, the foundation aims to bolster the educational capacity of Stockton University by utilizing the collected funds effectively.
By taking on this role, Stockton University Foundation demonstrates its commitment to the university's success and the well-being of its students. Through its leadership and oversight, the foundation ensures that the philanthropic needs of Stockton University are met, thereby enhancing the educational experience for countless students. The foundation's primary focus on financial assistance and educational capacity strengthening underscores its dedication to fostering a thriving academic environment where students can excel and achieve their full potential.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Stockton University Foundation significantly impacts students and the broader educational landscape by providing essential financial support through scholarships. In the fiscal year 2022 alone, 707 undergraduate and graduate students benefited from scholarship awards, which are allocated primarily on a competitive basis with some contingent on financial need. These awards stem from the Foundation's permanently restricted endowment funds, current-use gifts, and general scholarship funds.
Established in 1972 by dedicated supporters of Stockton University, the Foundation plays a crucial role in addressing the philanthropic needs of the institution. With a focus on raising, stewarding, and distributing funds effectively, it not only enhances the educational opportunities available to students but also fortifies the university’s overall capacity to deliver high-quality education. By prioritizing financial assistance, the Foundation contributes to the academic success and retention of students, fostering a more inclusive educational environment. The impact of its efforts reverberates throughout the community, creating a brighter future for countless individuals.
This information is meant to be a general summary of Stockton University Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,427,621
- Gross Receipts: $23,380,210
Assets and Liabilities:
- Total Assets: $54,897,443
- Total Liabilities: $128,539
- Net Assets: $54,768,904
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Phone
(609) 626-3546Principal Officer
Daniel Negent
Main Address
101 VERA KING FARRIS DR SUITE K-2, GALLOWAY, NJ, 08205
Website
www.stockton.edu/foundationNTEE Category
Code: B43 - Education
If you are a representative of Stockton University Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.