Overview
What is The College Of New Jersey Foundation Inc?
The College of New Jersey Foundation Inc is a nonprofit organization based in Ewing, New Jersey. Their primary objective is to secure private funding to reinforce the educational aims of The College of New Jersey. They achieve this through various scholarships and awards, allocating over $7.6 million annually to the college and $1.4 million to support students. This foundation's mission is to finance programs that contribute to the overall objective of The College of New Jersey.
Official website here: www.tcnj.edu
What are the reviews and ratings of this charity?
100% rating from Charity Navigator indicates that The College Of New Jersey Foundation Inc is highly regarded for its Accountability & Finance practices. Achieving a Four-Star out of Four Star rating reflects the organization's commitment to transparency and financial integrity, as evidenced by a clean audit, no material diversion of assets, and a strong independent board structure.
User feedback varies, with many donors praising the staff's dedication and the positive experiences reported. Several reviews highlight excellent communication and timely acknowledgments from the Foundation. However, some critiques point to concerns regarding the organization's historical transparency and communication practices, specifically referencing past issues with secrecy and inadequate reporting.
The overall impression of the organization is mainly positive, with a strong financial score bolstering its credibility. Nonetheless, the mixed user reviews suggest there may be room for improvement in maintaining open lines of communication and ensuring ongoing transparency about its operations and finances.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The College Of New Jersey Foundation Inc legitimate?
The College Of New Jersey Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The College Of New Jersey Foundation Inc 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.
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For more financial information, click here
Official website here: www.tcnj.edu
What is the mission statement of The College Of New Jersey Foundation Inc?
The College of New Jersey Foundation Inc is dedicated to funding programs that align with the overall mission of The College of New Jersey. This supportive organization raises funds to enhance the educational goals of the college by providing scholarships and awards to students. The foundation's efforts contribute significantly to the college, with $6.2 million going towards supporting the institution. Furthermore, over $1.4 million is allocated to scholarships and other forms of assistance for students. By providing essential financial resources, The College of New Jersey Foundation Inc plays a crucial role in enabling students to pursue their academic endeavors.
Official website here: www.tcnj.edu
Who is the CEO of The College Of New Jersey Foundation Inc?
John Donohue is the Executive Director of The College Of New Jersey Foundation Inc.
Official website here: www.tcnj.edu
What is the revenue of The College Of New Jersey Foundation Inc?
The College Of New Jersey Foundation Inc's revenue in 2022 was $30,765,630.
Official website here: www.tcnj.edu
Who are the executives of The College Of New Jersey Foundation Inc and what are their salaries?
There 20 volunteers at The College Of New Jersey Foundation Inc.
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Official website here: www.tcnj.edu
Where can I find the form 990 for The College Of New Jersey Foundation Inc?
The College Of New Jersey Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcnj.edu
Learn more at the official website: www.tcnj.edu
Mission Statement of The College Of New Jersey Foundation Inc
The College of New Jersey Foundation Inc is a charitable organization dedicated to funding programs that align with the broader mission of The College of New Jersey. By raising and managing private funds, the Foundation plays a crucial role in enhancing the educational goals of the institution.
One of the Foundation's primary objectives is to secure financial support for The College of New Jersey. This involves obtaining donations to be allocated towards various initiatives that further the college's objectives. A significant portion of these funds, totaling $6,178,345, is channeled directly towards the college itself. This investment strengthens the college's academic and research programs, ensuring a high-quality education for its students.
In addition to supporting the college, The College of New Jersey Foundation Inc also provides scholarships and other forms of financial assistance to students. Totalizing at $1,444,025, these grants help make higher education more accessible to a diverse group of students. By easing the financial burden, the Foundation enables deserving individuals to focus on their studies and reach their full potential. Overall, The College of New Jersey Foundation Inc is an essential partner in the college's quest to provide an exceptional educational experience and prepare students for successful careers.
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Impact
October, 2024
The College of New Jersey Foundation Inc significantly enhances educational opportunities at The College of New Jersey by securing private funding aimed at furthering the institution's overarching goals. This foundation plays a crucial role in supporting various programs and initiatives that contribute to student success and institutional development.
In a notable demonstration of its impact, the foundation allocated over $6.1 million to directly support the college, fostering a range of educational programs and resources. Additionally, the foundation provided approximately $1.4 million in scholarships and other financial assistance to students, helping to alleviate financial barriers and facilitate access to quality education.
Through these efforts, The College of New Jersey Foundation Inc effectively strengthens the educational framework of the college, ensuring that students have the resources they need to thrive academically and personally. The foundation's commitment to funding scholarships and enhancing educational programs is vital to the growth and success of both the institution and its students.
This information is meant to be a general summary of The College Of New Jersey Foundation Inc. 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: $19,623,226
- Gross Receipts: $95,122,889
Assets and Liabilities:
- Total Assets: $60,398,961
- Total Liabilities: $4,678,730
- Net Assets: $55,720,231
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Organization Details
Founding Year
1971
Phone
(609) 771-2203Principal Officer
John Donohue
Main Address
PO BOX 7718, EWING, NJ, 086280718
Website
www.tcnj.eduNTEE Category
Code: B42I - Education
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