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.
Ready to take the next step with Independent Colleges and Universities of?
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
No grants recorded for .
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 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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