Drew University is a 501(c)(3) organization based in Madison, New Jersey, registered in 1935, with $117,249,894 in FY2023 revenue. CharityIndex grades it B+, and it directs about 82% of spending to programs.
Revenue (FY2023)
$117.2M
▲ 4.5% vs prior year
Education median: $200K
Expenses (FY2023)
$138.3M
Net assets
$128.8M
Employees
1,454
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Drew University: 82% to programs · $41 to raise $100 earns a B on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Drew University: 11 mo reserves · -18% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Drew University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Drew University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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The university offers graduate and undergraduate studies and is comprised of the college of liberal arts, the theological school, and the caspersen school of graduate studies.
Drew theological school empowers leadership for a global christianity of justice, ecumenism, and the integrity of creation. its pastoral, spiritual, and conceptual disciplines grow within an intimate liturgical and communal context, one that sustains multiple relations of difference. through its particular historical commitments to african, asian, african-american, hispanic, and women's ministries, the theological school remains faithfully rooted in its methodist heritage. drew nurtures christian practices through vital partnership with local churches and international networks of education. trans-disciplinary interpretation of text, tradition, and experience energizes its scholarly vigor. drew engenders theologies responsible to the complex realities of an interconnected world. into that world, drew sends pastors, preachers and prophets, deacons, activists, and teachers.
The caspersen school of graduate studies was founded on the principle of the importance of interdisciplinary study in the humanities. the goal of the school's founders was to foster broadly educated people who have expertise in a field of thought but who are also familiar with and articulate in a range of humanistic studies. this mission continues to distinguish the caspersen school among institutions with doctoral programs in the humanities. our intent is to train persons who are properly prepared not only in specific recognized fields but also ininterdisciplinary dialogue. we celebrate the joy of learning as we prepare able, well informed graduates who pursue careers in higher education, in the religious and medical communities, and in the broader intellectual world. as such, we are well positioned to meet the increasing call for interdisciplinary approaches both in the academy and in the wider world. integral to our mission is encouraging our faculty and students alike to pursue creative research in the humanities and to make the results of their work available through teaching, participation in scholarly meetings, various forms of publication and intellectual discourse; to that end we continue to explore new possibilities of enhancing interdisciplinary studies in the humanities.
Other program expenses reflect educational program expenses not directly related to one of the schools described above. it includes an allocated method of program, auxiliary, and student service expenses. other program activities also include expenses and revenues fromthe university's continuing education and summer programs.
Revenue declined from $120.1M (FY2013) to $117.2M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-18.0%
Spent more than it raised in the latest fiscal year.
Total assets
$220.6M
Total liabilities
$91.8M
Net assets
$128.8M
Salaries & benefits
$43.0M
31% of expenses
Board members
20
19 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $117,249,894▲4.5% | $138,305,866▲6.3% | $128,764,031▼9.4% | $220,552,834▼5.3% | 990 |
| 2022 | $112,171,400▼8.4% | $130,091,459▲5.9% | $142,106,672▼6.8% | $233,007,198▼4.9% | 990 |
| 2021 | $122,404,308▲27.5% | $122,795,375▲11.5% | $152,441,549▼9.2% | $245,004,521▼8.7% | 990 |
| 2020 | $96,034,404▼8.4% | $110,154,378▼11.9% | $167,823,020▲2.2% | $268,276,328▲0.1% | 990 |
| 2019 | $104,896,145▼11.5% | $125,042,898▼6.8% | $164,216,022▼13.7% | $267,880,301▼8.8% | 990 |
| 2018 | $118,535,052▼13.2% | $134,193,481▼3.7% | $190,297,896▲0.8% | $293,850,894▼3.9% | 990 |
| 2017 | $136,503,466▼4.0% | $139,371,055▼0.8% | $188,753,215▼9.4% | $305,827,310▼0.8% | 990 |
| 2016 | $142,117,168▲1.8% | $140,479,570▲7.7% | $208,282,035▼7.6% | $308,325,805▼6.0% | 990 |
| 2015 | $139,610,010▲8.9% | $130,480,435▲6.7% | $225,387,244▼11.3% | $327,961,391▼9.3% | 990 |
| 2014 | $128,218,965▲6.8% | $122,299,760▲1.2% | $254,030,143▼6.7% | $361,439,632▼5.8% | 990 |
| 2013 | $120,056,766 | $120,904,528▼0.8% | $272,235,361▲1.7% | $383,504,498▲1.6% | 990 |
| 2012 | — | $121,877,895▼0.4% | $267,787,734▲5.9% | $377,574,943▲2.7% | 990 |
| 2011 | — | $122,418,678▼1.4% | $252,908,211▼8.0% | $367,472,521▼4.9% | 990 |
| 2010 | — | $124,217,262▲7.5% | $274,865,338▲12.8% | $386,536,771▲10.3% | 990 |
| 2009 | — | $115,509,784 | $243,703,000 | $350,472,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Thomas J Schwarz — $500,000 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas J Schwarz | Retired President | 0 | $500,000 |
| Hilary L Link | President | 35 | $469,200 |
| Bret D Silver | Vice President, University Advancement | 35 | $423,188 |
| Jessica Lakin | Provost | 35 | $238,703 |
| Louise Hood | Assistant Vp, Advancement | 35 | $223,785 |
| Gregory Smith | Vp For Facilities & Real Estate | 35 | $206,618 |
| Frank Merck | Vp For Campus Life | 35 | $203,294 |
| Caitlin Tramel | Assistant Vp, Advancement | 35 | $196,682 |
| Edwin Aponte | Dean | 35 | $187,975 |
| Ryan Hinrichs | Dean | 35 | $167,749 |
| Alfred T Day III | Trustee | 1 | — |
| Angela Gerken | Vice Chair and Secretary | 1 | — |
| Bishop John Schol | Trustee | 1 | — |
| Bishop Thomas J Brickerton | Trustee | 1 | — |
| Dean T Criares | Trustee | 1 | — |
| D Stuart Dunnan | Trustee | 1 | — |
| Emily Musil | Trustee | 1 | — |
| Fredrick Fuest | Vice Chair | 1 | — |
| Gregory Gordon | Trustee | 1 | — |
| Joseph C Noto | Trustee | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Aramark Higher Education | Food Service | $1,007,484 |
| Bdo USA LLP | Accounting Services | $485,852 |
| Hanover Marriott | Conference and Rooms Contract | $393,254 |
| Greater Talent Network LLC | Speakers | $175,678 |
| Eab Global Inc | Marketing and Enrollment Services | $173,513 |
105 grants to Drew University totaling $5.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $1,015,500 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $400,000 |
| American Gift Fund | Operations | 2024 | $93,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $34,720 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| American Online Giving Foundation Inc | General support | 2024 | $28,201 |
| Ayco Charitable Foundation | Education | 2024 | $26,500 |
| American Endowment Foundation | Educational | 2024 | $10,000 |
| American Physical Society | Sub awards | 2024 | $8,400 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $200,000 |
| National Philanthropic Tr | Religion | 2023 | $110,000 |
| American Gift Fund | Operations | 2023 | $75,000 |
| Community Foundation of New Jersey | Unrestricted grant to support organization's exempt purpose | 2023 | $65,700 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $58,500 |
| Wabash College | Educational assistance | 2023 | $50,770 |
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Data for Drew University (EIN 22-1487164) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.