Rutgers University Foundation
86% goes to programs $3 to raise $100 Strong reserves
Rutgers University Foundation is a 501(c)(3) organization based in New Brunswick, New Jersey, registered in 1974, with $150,867,652 in FY2023 revenue. CharityIndex grades it A+, and it directs about 86% of spending to programs.
335 George St Ste 4000, New Brunswick, NJ, 08901 EIN 23-7318742 Since 1974
Revenue (FY2023)
$150.9M
▼ 27.7% vs prior year
Education median: $200K
Expenses (FY2023)
$144.6M
Net assets
$76.4M
Employees
274
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating86% to programs · $3 to raise $100
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 Rutgers University Foundation: 86% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +4% margin
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 Rutgers University Foundation: 6 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Rutgers University Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Rutgers University Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To support rutgers, the state university, and help it attain excellence (continued on schedule o) in education, research and public service by building relationships with supporters to raise money for rutgers.
Contact & location
- Address
- 335 George St Ste 4000, New Brunswick, NJ, 08901
- City
- New Brunswick
- State
- New Jersey
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $126.5M (FY2013) to $150.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $25.6MNet assets $76.4M
Operating margin
4.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$102.1M
Total liabilities
$25.6M
Net assets
$76.4M
Salaries & benefits
$27.0M
19% of expenses
Board members
38
38 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $150,867,652▼27.7% | $144,644,902▼27.0% | $76,408,855▼37.4% | $102,053,932▼30.4% | 990 |
| 2022 | $208,635,539▲3.0% | $198,142,639▼8.1% | $121,991,782▲9.5% | $146,527,124▲9.7% | 990 |
| 2021 | $202,492,280▲16.7% | $215,703,305▲42.2% | $111,401,177▼10.3% | $133,617,219▼10.3% | 990 |
| 2020 | $173,496,480▲5.0% | $151,685,786▼12.9% | $124,234,928▲21.2% | $149,036,870▲19.2% | 990 |
| 2019 | $165,256,945▲30.0% | $174,222,449▲25.5% | $102,516,920▼8.0% | $125,048,274▼4.7% | 990 |
| 2018 | $127,161,337▼20.7% | $138,773,726▼5.0% | $111,481,993▼9.5% | $131,162,531▼6.6% | 990 |
| 2017 | $160,283,389▲1.6% | $146,087,885▲2.8% | $123,222,396▲7.7% | $140,469,727▲13.0% | 990 |
| 2016 | $157,731,373▲19.5% | $142,103,444▼4.5% | $114,396,767▲16.4% | $124,291,655▲14.6% | 990 |
| 2015 | $131,959,383▼2.1% | $148,818,775▲14.7% | $98,244,763▼15.4% | $108,486,687▼15.4% | 990 |
| 2014 | $134,798,085▲6.5% | $129,784,158▲3.4% | $116,124,380▲3.2% | $128,181,069▲5.2% | 990 |
| 2013 | $126,535,079 | $125,499,889▲22.2% | $112,555,029▲11.9% | $121,844,500▲11.3% | 990 |
| 2012 | — | $102,680,854▲18.2% | $100,629,554▲13.6% | $109,432,291▲11.4% | 990 |
| 2011 | — | $86,891,943▼15.5% | $88,594,025▼6.1% | $98,248,886▼5.4% | 990 |
| 2010 | — | $102,887,710▲22.1% | $94,354,654▼10.4% | $103,883,013▼9.8% | 990 |
| 2009 | — | $84,266,524 | $105,362,705 | $115,227,661 | 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.
Leadership & compensation (FY2023)
Highest-paid: William J Green — $385,833 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William J Green | Vice President | 37.5 | $385,833 |
| Mark Antonucci | Assistant Secretary | 37.5 | $296,813 |
| Christopher P Zraly | Associate Treasurer | 37.5 | $290,260 |
| Irene O'brien | Vice President | 37.5 | $283,360 |
| Denise P Gavala | Sr. Assoc. Vice President | 37.5 | $253,199 |
| Marco Battaglia | Sr Advisor | 37.5 | $246,389 |
| Shawn Tucker | Vice President | 37.5 | $243,251 |
| Robin C Semple | Vice President | 37.5 | $224,527 |
| Jeremy L Scarbrough | Assoc. Vice President (former As of 4/6/24) | 37.5 | $215,568 |
| Kristen C Difoglio | Associate Dean of Advancement | 37.5 | $190,670 |
| William Mitchell | Sr Associate Vice President | 37.5 | $184,382 |
| Endia Decordova | Vice President (former As of 5/20/23) | 37.5 | $107,325 |
| Alan Crosta Jr | Director/ex-officio | 1 | — |
| Amy L Towers | Chair | 1 | — |
| Ann M Stock | Director | 1 | — |
| Bruce Bingham | Director | 1 | — |
| Bruce P Kerzic | Director | 1 | — |
| Carolynn L Johnson | Director | 1 | — |
| Daniel Difilippo | Director | 1 | — |
| Donald Lomurro | Director | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Community Counselling Service Co LLC | Fundraising Consultant | $212,500 |
| Stevens & Lee | Legal Services | $172,197 |
| New York Yankees Partnership | Event Services | $120,000 |
Grants received · $98.6M total
402 grants to Rutgers University Foundation totaling $98.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $3,110,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $585,417 |
| Ayco Charitable Foundation | Education | 2024 | $452,868 |
| American Online Giving Foundation Inc | General support | 2024 | $347,265 |
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $335,979 |
| Charities Aid Foundation America | Charitable donation | 2024 | $310,882 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $301,902 |
| Ecmc Foundation | General support | 2024 | $250,000 |
| Kind Inc | Program support | 2024 | $192,000 |
| American Endowment Foundation | Educational | 2024 | $180,320 |
| Silicon Valley Community Foundation | Health | 2024 | $179,075 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $107,352 |
| Daffy Charitable Fund | General support of mission | 2024 | $100,000 |
| Tides Foundation | Quality education | 2024 | $100,000 |
| Bradley Impact Fund Inc | General operating support. | 2024 | $100,000 |
Grants made · $105.4M in FY2023
2 grants totaling $105.4M in FY2023. All grants made by Rutgers University Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Rutgers the State University | Education-related/athletics | $105,344,637 |
| The Associate Alumnae of Douglas College | Support associations programs | $23,056 |
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Compare Rutgers University Foundation
Frequently asked questions
- Is Rutgers University Foundation a legitimate nonprofit?
- Yes. Rutgers University Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7318742, based in New Brunswick, New Jersey. Donations are tax-deductible.
- What is Rutgers University Foundation's EIN?
- Rutgers University Foundation's Employer Identification Number (EIN) is 23-7318742.
- How much revenue does Rutgers University Foundation report?
- Rutgers University Foundation reported $150,867,652 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Rutgers University Foundation's spending goes to programs?
- Rutgers University Foundation spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rutgers University Foundation have?
- CharityIndex grades Rutgers University Foundation A+, based on program efficiency and fundraising cost.
- How much does Rutgers University Foundation's highest-paid employee make?
- The highest reported compensation on Rutgers University Foundation's latest Form 990 is $385,833, paid to William J Green (Vice President).
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Data for Rutgers University Foundation (EIN 23-7318742) 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.