RUTGERS UNIVERSITY FOUNDATION

EIN: 237318742 501(c)(3) Education

NEW BRUNSWICK, NJ

Total Revenue
$137,157,185
Total Expenses
$150,061,350
Total Assets
$96,478,926
Net Assets
$63,506,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NJ
Principal Officer
LEE TAGGART
Phone
8489328020
Tax Period
2024-07-01 to 2025-06-30

RUTGERS UNIVERSITY FOUNDATION, founded in 1973, is a major nonprofit in the Education sector that reported $137.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE SOLE MISSION OF THE RUTGERS UNIVERSITY FOUNDATION, SINCE ITS FOUNDING IN 1973, IS TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE IN EDUCATION, RESEARCH, AND PUBLIC SERVICE (CONTINUED ON SCHEDULE O) BY BUILDING RELATIONSHIPS WITH ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHER SUPPORTERS, THE FOUNDATION RAISES MONEY FOR, AND MATCHES DONORS INTERESTS TO, RUTGERS PRIORITIES, AS SET FORTH BY UNIVERSITY LEADERSHIP.

Program Service Accomplishments

Program 1
Expenses: $131,242,709 Revenue: $37,611,431

THE FOUNDATION SERVES AS THE PRIMARY FUNDRAISING ENTITY FOR RUTGERS UNIVERSITY. A SIGNIFICANT PORTION OF THE FOUNDATION'S EXPENSES CONSISTS OF DISTRIBUTIONS TO THE UNIVERSITY FOR DONOR-DESIGNATED...

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THE FOUNDATION SERVES AS THE PRIMARY FUNDRAISING ENTITY FOR RUTGERS UNIVERSITY. A SIGNIFICANT PORTION OF THE FOUNDATION'S EXPENSES CONSISTS OF DISTRIBUTIONS TO THE UNIVERSITY FOR DONOR-DESIGNATED PURPOSES, INCLUDING SCHOLARSHIPS, FACULTY SUPPORT, CAPITAL PROJECTS, AND OTHER INSTITUTIONAL PRIORITIES. ACCORDINGLY, TOTAL EXPENSES INCLUDE SUBSTANTIAL PASS-THROUGH FUNDING THAT DIRECTLY SUPPORTS THE UNIVERSITY'S MISSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $97,589,384
Program Service Revenue $206,037
Investment Income $1,955,941
Other Revenue $37,405,823
TOTAL REVENUE $137,157,185

Expense Breakdown

Grants Paid $111,591,804
Salaries & Benefits $28,208,013
Fundraising Expenses $3,382,644
Program Expenses $131,242,709
Other Expenses $9,582,632
TOTAL EXPENSES $150,061,350

Year-over-Year Comparison

2024 2023 Change
Revenue $137,157,185 $150,867,652 -0.1%
Expenses $150,061,350 $144,644,902 +0.0%
Net Income $-12,904,165 $6,222,750 -3.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
31
Independent Members
31
Employees
285
Volunteers
45

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$945,126
Total Directors
33
$0
Key Employees
5
$1,584,083
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY L TOWERS CHAIR/DIRECTOR 1.00
Officer Director
$0 $0 $0
AMY MANSUE EX-OFFICIO/DIRECTOR 1.00
Director
$0 $0 $0
ANN M STOCK DIRECTOR 1.00
Director
$0 $0 $0
BRUCE BINGHAM OUTGOING DIRECTOR 1.00
Director
$0 $0 $0
BRUCE P KERZIC DIRECTOR 1.00
Director
$0 $0 $0
DANIEL DIFILIPPO DIRECTOR/CHAIR 1.00
Officer Director
$0 $0 $0
DONALD LOMURRO DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH J MCNEILLY VICE CHAIR 1.00
Officer Director
$0 $0 $0
FRANK HUNDLEY DIRECTOR 1.00
Director
$0 $0 $0
GARY W CHROPUVKA VICE CHAIR 1.00
Officer Director
$0 $0 $0
GLORIA VANDERHAM DIRECTOR/EX-OFFICIO 1.00
Director
$0 $0 $0
J MICHAEL GOWER TREASURER 1.00
Officer Director
$0 $0 $0
JAMES BERG DIRECTOR 1.00
Director
$0 $0 $0
JOHN SIVOLELLA DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN HOLLOWAY EX-OFFICIO/DIRECTOR 1.00
Director
$0 $0 $0
KENNETH R JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY A HOPELY PRESIDENT 1.00
Officer Director
$0 $0 $0
LISA DOLLY VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARGARET T DERRICK DIRECTOR 1.00
Director
$0 $0 $0
MARK P HERSHHORN DIRECTOR 1.00
Director
$0 $0 $0
MARY PAPAMARKOU DIRECTOR 1.00
Director
$0 $0 $0
MIA CHRISTINE PARK DIRECTOR 1.00
Director
$0 $0 $0
PEGGY GUILIANO DIRECTOR 1.00
Director
$0 $0 $0
PETER TVERDOV DIRECTOR 1.00
Director
$0 $0 $0
PHILIP SCALO DIRECTOR 1.00
Director
$0 $0 $0
REEMA PURI DIRECTOR 1.00
Director
$0 $0 $0
RICHARD KENT DIRECTOR 1.00
Director
$0 $0 $0
RICHARD STANZIONE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FALZON OUTGOING DIRECTOR 1.00
Director
$0 $0 $0
SEAN M PATTWELL DIRECTOR 1.00
Director
$0 $0 $0
SUBHA BARRY DIRECTOR 1.00
Director
$0 $0 $0
TILAK LAL DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM E BEST OUTGOING DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER P ZRALY ASSOCIATE TREASURER 37.50
Officer
$294,268 $27,364 $321,632
DUNCAN L MACMILLAN SECRETARY 1.00
Officer
$0 $0 $0
MARK ANTONUCCI ASSISTANT SECRETARY 37.50
Officer
$347,566 $53,093 $400,659
VARSHA NAKUM ASSISTANT SECRETARY 37.50
Officer
$157,693 $65,142 $222,835
CHARLES A WRIGHT III VICE PRESIDENT 37.50
Key Emp
$219,719 $52,035 $271,754
IRENE O'BRIEN OUTGOING VICE PRESIDENT 37.50
Key Emp
$199,375 $41,677 $241,052
ROBIN C SEMPLE VICE PRESIDENT 37.50
Key Emp
$233,360 $47,211 $280,571
SHAWN TUCKER OUTGOING VICE PRESIDENT 37.50
Key Emp
$252,923 $69,777 $322,700
WILLIAM J GREEN OUTGOING VICE PRESIDENT 37.50
Key Emp
$384,302 $83,704 $468,006
DENISE P GAVALA OUTGOING SR. ASSOC. VICE PRESIDENT 37.50
Highest
$346,093 $32,854 $378,947
ERIN VARGA ASSC.VICE PRESIDENT 37.50
Highest
$191,332 $31,739 $223,071
KRISTIN DIFOGLIO EXECUTIVE DIRECTOR 37.50
Highest
$175,600 $59,752 $235,352
LOREN SAVAGE ASSC. VICE PRESIDENT 37.50
Highest
$217,047 $42,506 $259,553
MARCO BATTAGLIA SR ADVISOR 37.50
Highest
$246,791 $70,873 $317,664
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $137,157,185 $150,061,350 $96,478,926 $-12,904,165
2024 No data No data No data No data
2023 $208,635,539 $198,142,639 $146,527,124 $10,492,900
2022 $202,492,280 $215,703,305 $133,617,219 $-13,211,025
2021 $173,496,480 $151,685,786 $149,036,870 $21,810,694
2020 $165,256,945 $174,222,449 $125,048,274 $-8,965,504
2019 $127,161,337 $138,773,726 $131,162,531 $-11,612,389
2018 $160,283,389 $146,087,885 $140,469,727 $14,195,504
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