Foundation at Nj Institute of Technology
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$192.0M
+11.7% YoY
Annual Giving
$10.6M
+16.1% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$3.5M
-22.6% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $192,030,972 | $171,872,000 | $157,150,311 |
| Revenue | $16,393,366 | $14,094,600 | $19,080,456 |
| Expenses | $11,521,409 | $9,939,238 | $9,265,289 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $6,109,373 | $1,794,579 | $10,015,721 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Foundation at Nj Institute of Technology fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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- 11M+ connections in GrantGraph™
Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TEIK C LIM | DIRECTOR | 1 | — |
| ATAM DHAWAN | DIRECTOR | 1 | — |
| ANDREW P CHRIST | DIRECTOR | 1 | — |
| CATHERINE Z BRENNAN | SECRETARY | 3 | — |
| KENNETH ALEXO JR | PRESIDENT | 35 | — |
| ROBERT MEDINA | CHAIRMAIN | 1 | — |
| ARTHUR A KAPOOR | VICE CHAIRMAN | 1 | — |
| KENNETH M COLAO | VICE CHAIRMAN | 1 | — |
| STEVEN ANNUNZIATO | DIRECTOR | 1 | — |
| SIDDHARTHA BALA | DIRECTOR | 1 | — |
| ALFRED A DE SETA | DIRECTOR | 1 | — |
| ANGELO DEL RUSSO | DIRECTOR | 1 | — |
| ALBERT A DORMAN | DIRECTOR (THRU 11/23) | 1 | — |
| JONATHAN F ECHEVERRIA | DIRECTOR | 1 | — |
| KIM Y FELIX | DIRECTOR | 1 | — |
| DONALD FLOOD | DIRECTOR | 1 | — |
| CARLOS FONSECA | DIRECTOR | 1 | — |
| CHARLES FORMAN | DIRECTOR | 1 | — |
| CAREN L FREYER DESOUZA | DIRECTOR | 1 | — |
| JOHN J FUMOSA | DIRECTOR | 1 | — |
| DAVID T GOCKEL | DIRECTOR | 1 | — |
| DANIEL A HENDERSON | DIRECTOR | 1 | — |
| ROBERT J HILLIER | DIRECTOR | 1 | — |
| SONYA KAKKAR | DIRECTOR | 1 | — |
| RALPHA M MADDALENA | DIRECTOR | 1 | — |
| JOHN MCCANN | DIRECTOR | 1 | — |
| RAYMOND J MCGOWAN | DIRECTOR | 1 | — |
| PASCAL MONTILUS | DIRECTOR | 1 | — |
| PATRICK NATALE | DIRECTOR | 1 | — |
| KATHLEEN NATRIELLO | DIRECTOR | 1 | — |
| GEORGE M NEWCOMBE | DIRECTOR | 1 | — |
| BRETT NEWTON | DIRECTOR (THRU 1/24) | 1 | — |
| JOHN H OLSON | DIRECTOR (THRU 12/23) | 1 | — |
| MICHAEL D PAGES | DIRECTOR | 1 | — |
| MARJORIE A PERRY | DIRECTOR | 1 | — |
| PAUL V PROFETA | DIRECTOR | 1 | — |
| MARK ROMANSKI | DIRECTOR | 1 | — |
| STEVEN SAPERSTEIN | DIRECTOR | 1 | — |
| GREGORY SAUTER | DIRECTOR | 1 | — |
| JOHN W SEAZHOLTZ | DIRECTOR | 1 | — |
| STEPHANIE TONIC | DIRECTOR | 1 | — |
| MARTIN TUCHMAN | DIRECTOR | 1 | — |
| KIM V VIERHEILIG | DIRECTOR | 1 | — |
| JOHN A PELESKO | DIRECTOR (AS OF 7/23) | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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