Overview
What is Rowan University Foundation Inc?
Rowan University Foundation Inc, based in Glassboro, New Jersey, serves as the primary philanthropic organization for Rowan University. It manages and distributes all charitable contributions to benefit the institution, making it the only authorized vehicle for receiving charitable gifts. With a mission to support Rowan University in its role as a leading higher education institution, the foundation cultivates valuable relationships within the community and advocates for diverse and quality scholarly experiences. The organization is responsible for the oversight, coordination, and management of all fundraising activities.
Official website here: www.sites.rowan.edu/advancement
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% (Four-Star out of Four Star rating).
Rowan University Foundation Inc has received a high score of 90% from Charity Navigator, reflecting its strong performance primarily in accountability and finance. The foundation's robust financial practices are highlighted by a remarkable program expense ratio of 96.47%, indicating that nearly all funds raised are directed towards its programs. This efficiency in utilizing resources enhances its credibility and effectiveness as a nonprofit organization.
The foundation boasts a fully independent board, with all 30 members being independent, contributing to transparent governance. Policies regarding conflicts of interest, whistleblower protections, and document retention are in place, all of which are essential for maintaining accountability. Additionally, there are no reported material diversions of assets or liabilities to assets, showcasing the organization's financial health and integrity.
However, while the organization excels in accountability and financial management, further details regarding its programmatic impact or outreach efforts are not highlighted in the data. Overall, the foundation's strong governance and financial efficiency establish it as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Rowan University Foundation Inc legitimate?
Rowan University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rowan University 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sites.rowan.edu/advancement
What is the mission statement of Rowan University Foundation Inc?
The Rowan University Foundation functions as a key supporter of Rowan University, fostering relationships between the organization and the larger community. Its mission is to advocate for quality and diverse scholarly experiences for students, faculty, staff, and alumni. The foundation manages and invests all charitable contributions made to Rowan University, acting as the designated non-profit entity for philanthropic aid to the institution. By overseeing and coordinating all fundraising activities, the Rowan University Foundation is the sole avenue through which charitable gifts can be made to benefit the university.
Official website here: www.sites.rowan.edu/advancement
Who is the CEO of Rowan University Foundation Inc?
Jesse Shafer is the Director (Pres., Rowan University of Rowan University Foundation Inc.
Official website here: www.sites.rowan.edu/advancement
What is the revenue of Rowan University Foundation Inc?
Rowan University Foundation Inc's revenue in 2022 was $58,909,453.
Official website here: www.sites.rowan.edu/advancement
Who are the executives of Rowan University Foundation Inc and what are their salaries?
There 31 volunteers at Rowan University Foundation Inc.
Here are 33 key members and their salaries:
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- Related: $145,037
- Other: $10,943
- Compensation: $0
- Related: $257,325
- Other: $14,000
Official website here: www.sites.rowan.edu/advancement
Where can I find the form 990 for Rowan University Foundation Inc?
Rowan University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sites.rowan.edu/advancement
Learn more at the official website: www.sites.rowan.edu/advancement
Mission Statement of Rowan University Foundation Inc
The Rowan University Foundation plays a crucial role in supporting Rowan University in its mission to excel in higher education. It cultivates meaningful relationships between the organization and the larger community, advocating for diverse scholarly experiences for students, faculty, staff, and alumni. The foundation oversees and coordinates all fundraising activities for Rowan University and manages, invests, and distributes all charitable contributions to benefit the institution. Acting as the officially designated non-profit organization for philanthropic aid to the university, it is the only vehicle through which charitable gifts can be made to Rowan University.
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Impact
October, 2024
Rowan University Foundation Inc plays a pivotal role in enhancing the educational landscape and overall experience at Rowan University. By facilitating charitable contributions, the foundation ensures that resources are directed towards essential programs, scholarships, and initiatives that foster academic excellence and innovation.
The foundation actively manages and invests donations to maximize their impact, enabling Rowan University to offer diverse and high-quality scholarly experiences for students, faculty, staff, and alumni. Through its efforts, the foundation develops meaningful partnerships between the university and the larger community, promoting a culture of support and collaboration. This investment in education not only enriches the lives of those directly involved but also contributes significantly to the broader community by cultivating well-prepared graduates ready to make a difference in their fields.
In summary, the foundation's strategic initiatives and fundraising efforts significantly enhance Rowan University's ability to operate as a modern model for excellence in higher education, ultimately benefiting the entire educational ecosystem.
This information is meant to be a general summary of Rowan University 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: $16,933,885
- Gross Receipts: $68,424,517
Assets and Liabilities:
- Total Assets: $350,201,905
- Total Liabilities: $856,638
- Net Assets: $349,345,267
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Organization Details
Founding Year
1983
Phone
(856) 256-4097Principal Officer
Jesse Shafer
Main Address
201 MULLICA HILL ROAD, GLASSBORO, NJ, 08028
NTEE Category
Code: B11 - Education
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