Independent Colleges and Universities of
THE MISSION OF THE INDEPENDENT COLLEGES AND UNIVERSITIES OF NEW JERSEY, A NEW JERSEY NON-PROFIT CORPORATION IS TO ADVANCE THE INTERESTS OF NEW JERSEY'S INDEPENDENT, NON-PROFIT, PUBLIC MISSION INSTITUTIONS OF HIGHER EDUCATION BY PROMOTING ACCESS, AFFORDABILITY AND STUDENT SUCCESS THROUGH PUBLIC POLICY ADVOCACY, CORPORATE AND INDIVIDUAL PHILANTHROPY, AND EMPOWERING THE CHOICE OF THE BEST FIT FOR EACH STUDENT'S EDUCATIONAL, CULTURAL, AND ENVIRONMENTAL NEEDS.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.9M
+8.9% YoY
Annual Giving
$642K
+11.2% YoY
Grant Count
15
+0.0% YoY
Avg Grant Size
$43K
+11.2% YoY
About Independent Colleges and Universities of
Based on IRS filings
Independent Colleges and Universities of is a nonprofit organization, based in TRENTON, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 15 grants totaling $642K. Net investment income was $86K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,948,850 | $2,706,630 | $2,716,615 |
| Revenue | $1,896,931 | $1,839,854 | $1,978,046 |
| Expenses | $1,775,483 | $1,704,452 | $1,809,169 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $86,123 | $95,620 | $13,625 |
| 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 10 recipients in 2025
Grant Size Distribution
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Saint Peter's University ($76,650), Caldwell University ($63,000), Georgian Court University ($61,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BLOOMFIELD COLLEGE BLOOMFIELD, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $30,000 |
| CALDWELL UNIVERSITY CALDWELL, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $63,000 |
| CENTENARY UNIVERSITY HACKETTSTOWN, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $31,000 |
| DREW UNIVERSITY MADISON, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $18,000 |
| FAIRLEIGH DICKINSON UNIVERSITY TEANECK, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $49,500 |
| FELICIAN UNIVERSITY LODI, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $44,000 |
| GEORGIAN COURT UNIVERSITY LAKEWOOD, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $61,500 |
| MONMOUTH UNIVERSITY WEST LONG BRANCH, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $46,000 |
| MONTCLAIR STATE UNIVERSITY MONTCLAIR, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $22,500 |
| PRINCETON UNIVERSITY PRINCETON, NJ | FURTHERING EDUCATION AS AN EXEMPT PURPOSE | $26,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HUBERT BENITEZ DDS PHD | TRUSTEE | 1 | — |
| MICHAEL J AVALTRONI PHD | SECRETARY | 1 | — |
| GARY B CROSBY PHD | TREASURER | 1 | — |
| DR MICHAEL AVALTRONI | TRUSTEE | 1 | — |
| NARIMAN FARVARDIN PHD | TRUSTEE | 1 | — |
| DR EUGENE CORNACCHIA | TRUSTEE | 1 | — |
| PATRICK F LEAHY PHD | VICE CHAIR | 1 | — |
| GARY B CROSBY PHD | TRUSTEE | 1 | — |
| MILDRED MIHLON PHD | TRUSTEE | 1 | — |
| HILARY A PARKER | TRUSTEE | 1 | — |
| HILARY L LINK PHD | TRUSTEE | 1 | — |
| GREGORY G DELL'OMO PHD | CHAIR | 1 | — |
| JEFFREY D SENESE PHD | TRUSTEE | 1 | — |
| MSGR JOSEPH R REILLY STL PHD | TRUSTEE | 1 | — |
| STEPHEN R REYNOLDS ESQ | PRESIDENT | 40 | $235,220 |
| MARYALICE BREUNINGER | VICE PRESIDENT | 40 | $113,070 |
| R DAVID ROUSSEAU | VICE PRESIDENT | 40 | $194,009 |
Frequently Asked Questions
How large is Independent Colleges and Universities of?
As of 2025, Independent Colleges and Universities of holds $2.9M in total assets with $1.9M in annual revenue. It awarded 15 grants totaling $642K in 2025.
Where does Independent Colleges and Universities of operate?
Independent Colleges and Universities of has awarded grants in New Jersey.
What size grants does Independent Colleges and Universities of award?
In 2025, Independent Colleges and Universities of awarded 15 grants totaling $642K — an average of about $43K per grant, based on its IRS Form 990 filings.
What is Independent Colleges and Universities of's EIN?
Independent Colleges and Universities of's EIN (Employer Identification Number) is 22-1551931. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Independent Colleges and Universities of's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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