Public Charity

FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY

Based in NEWARK, NJ, FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY operates as a Public Charity. The organization reported $37.7M in revenue, $11.7M in expenses, $217.6M in total assets for fiscal year 2025. Imperigo tracks 174 reported grant relationships connected to this organization totaling approximately $14.4M.

EIN: 221714037 NEWARK, NJ Single Organization Support NTEE: B11 Latest filing: 2025
Total Revenue$37.7M
Total Expenses$11.7M
Total Assets$217.6M
Grant Records174
Funding Total$14.4M
Filing Years2021–2025

Mission

ESTABLISHED IN 1959, THE FOUNDATION IS A 501(C)(3) TAX-EXEMPT ORGANIZATION THAT RAISES, INVESTS, AND DISTRIBUTES PHILANTHROPIC GIFTS ON BEHALF OF NEW JERSEY INSTITUTE OF TECHNOLOGY (NJIT), THE STATE'S PUBLIC POLYTECHNIC UNIVERSITY. IN CONNECTING ALUMNI AND FRIENDS WITH NJIT'S INNOVATIVE PROGRAMS, RESEARCH-ACTIVE FACULTY, AND TALENTED AND HARDWORKING STUDENTS, THE FOUNDATION ADVANCES NJIT'S PURSUIT OF ITS MISSION OF EDUCATION, RESEARCH, SERVICE, AND ECONOMIC DEVELOPMENT.

Where $100 goes at Foundation at NJ Institute of Technology

How Foundation at NJ Institute of Technology divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$93 Programs the work itself
$5 Management running the organization
$2 Fundraising raising the next dollar

Inside the $93 for programs

$48
Scholarship and fellowship grants were awarded to new jersey institute of technology in the amount of $5,585,304
52% of program spending · Reported in the filing: 1,486 students
$21
Student service grants totaling $405,059 were awarded to new jersey institute of technology in support of its athletic, theater, and other programs in accordance with donor and other…
22% of program spending
$18
Instructional grants totaling $2,056,715 were awarded to new jersey institute of technology in support of its educational programs in accordance with donor and other restrictions
19% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Alfred A De Seta
DIRECTOR Andrew P Christ
DIRECTOR Angelo Del Russo
VICE CHAIRMAN Arthur A Kapoor
DIRECTOR Atam Dhawan
DIRECTOR Caren L Freyer Desouza

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$7,387,429 60 grants
General Support
$6,612,532 94 grants
Research & Policy
$154,000 1 grant
Civil Rights & Social Justice
$150,000 5 grants
Sports & Recreation
$44,453 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $37.7M $11.7M $217.6M
2024 $16.4M $11.5M $192.0M
2023 $14.1M $9.9M $171.9M
2022 $19.1M $9.3M $157.2M
2021 $21.6M $9.3M $177.8M

Between 2021 and 2025, reported annual revenue grew from $21.6M to $37.7M (+74%), with total assets most recently reported at $217.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY

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