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 164 reported grant relationships connected to this organization totaling approximately $12.9M.

EIN: 221714037 NEWARK, NJ Latest filing: 2025
Total Revenue$37.7M
Total Expenses$11.7M
Total Assets$217.6M
Grant Records164
Funding Total$12.9M
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.

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
$2,645,602 20 grants
STUDENT ATHLETIC ASSISTANCE
$1,973,080 4 grants
SUB-AWARD
$1,775,095 12 grants
For grant recipient's exempt purposes
$1,200,644 9 grants
Scholarships/Grants
$920,629 4 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.

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