Montclair State University Foundation Inc.
Montclair State University Foundation Inc.
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About this organization
Mission
DURING FISCAL 2019, THE FOUNDATION ENGAGED IN THE CONTINUANCE OF ITS COMPREHENSIVE FUNDRAISING CAMPAIGN. THE CAMPAIGN IS DESIGNED TO RAISE NON-ENDOWED AND ENDOWED FUNDING TO SUPPORT CORE INITIATIVES FOR SCHOLARSHIP SUPPORT TO STUDENTS BASED ON NEED AND MERIT-BASED PARAMETERS WHILE ALSO PROVIDING SUPPORT TO INCREASE THE ACADEMIC RESOURCES AND ENHANCE FACILITIES WHICH FURTHER STUDENT LEARNING EXPERIENCE.FOR FISCAL 2019 THE FOUNDATION INCREASED ITS SCHOLARSHIP SUPPORT FOR THE STUDENTS OF THE UNIVERSITY, INCLUDING INCREASED SUPPORT OF ENDOWED SCHOLARSHIPS BY VIRTUE OF FUND RAISING EFFORTS. THE FOUNDATION ALSO EXPANDED ITS FOCUS THROUGH NEWLY FORMED SCHOLARSHIPS THAT EXTENDED OPPORTUNITIES TO STUDENTS ON THE BASIS OF NEED AND MERIT.IN ADDITION, THE FOUNDATION ALSO PROVIDED ADDITIONAL SUPPORT FOR RESEARCH SPECIFIC FUNDING FOR THE UNIVERSITY SCIENCES AS WELL AS PROVIDING SUPPORT TO CORE LEARNING CENTERS WHICH OFFER SPECIALIZED LEARNING TO STUDENTS IN CERTAIN CONCENTRATIONS OF STUDY.
About
MONTCLAIR STATE UNIVERSITY SUSTAINS ITS REPUTATION FOR EXCELLENCE IN PART BY PROVIDING EXCEPTIONAL CURRICULAR AND PROGRAMMATIC ACTIVITIES WHICH FOSTER A HIGH QUALITY LEARNING ENVIRONMENT. THE FOUNDATION PROVIDES NEEDED SUPPORT TO COLLEGES/SCHOOLS ON THE UNIVERSITY CAMPUS TOWARDS THIS ENDEAVOR, AUGMENTING STATE BUDGETED FUNDS WITH ADDITIONAL FUNDING FOR ENHANCED COURSE CURRICULUM, THE OPERATIONS OF INSTITUTES WHICH FURTHER LEARNING AND OTHER ESSENTIAL NEEDS. FUNDING IS RECEIVED FROM INDIVIDUALS, CORPORATIONS, PRIVATE FOUNDATIONS AND OTHER SOURCES. THE FOUNDATION MANAGES OVER 600 FUNDS WHICH HAVE BEEN CREATED BASED ON DONOR RESTRICTIONS TOWARDS THESE PURPOSES. FUNDS MAY BE TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED (ENDOWED) BASED ON DONOR INTENT. TOP PROGRAMS SUPPORTED IN FISCAL 2019 INCLUDED THE CENTER FOR ENTREPRENEURSHIP, CENTERS FOR STUDIES WITHIN THE COLLEGE OF HUMANITIES AND SOCIAL SCIENCES, RESEARCH PROGRAMS FOR ENVIRONMENTAL SUSTAINABILITY, ARTS & THEATER, AND STEM TRAINING PROGRAMS WHICH ENHANCE EDUCATION IN INNER CITIES. FOUNDATION SUPPORT OFTEN SERVES AS THE SOLE SOURCE OF FUNDING IN ORDER TO SUSTAIN VITAL INITIATIVES.
Interesting data from their 2020 990 filing
According to the filing documents, the non-profit's mission is defined as “The montclair state university foundation ("the foundation") was established for the purpose of encouraging and supporting the growth and development of montclair state university through fundraising activities which aid in furthering the educational, experiental, and cultural influence for its students, faculty, and staff.funds raised are used primarily for scholarship support, support for programmatic initiatives which establish and or fund centers for academic research and study, and support for the maintenance and repair of academic facilities.”.
When referring to its tasks, they were referred to as: “During fiscal 2019, the foundation engaged in the continuance of its comprehensive fundraising campaign. the campaign is designed to raise non-endowed and endowed funding to support core initiatives for scholarship support to students based on need and merit-based parameters while also providing support to increase the academic resources and enhance facilities which further student learning experience.for fiscal 2019 the foundation increased its scholarship support for the students of the university, including increased support of endowed scholarships by virtue of fund raising efforts. the foundation also expanded its focus through newly formed scholarships that extended opportunities to students on the basis of need and merit.in addition, the foundation also provided additional support for research specific funding for the university sciences as well as providing support to core learning centers which offer specialized learning to students in certain concentrations of study.”.
- The non-profit's state of operation has been legally reported as NJ.
- According to the latest filing, the non-profit's address in 2020 is ONE NORMAL AVE COLLEGE HALL NO 300, MONTCLAIR, NJ, 07043.
- The total number of employees reported by the non-profit on their form for 2020 is 0.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $3,192,333.
- The organization has 23 independent voting members.
- The organization was formed in 1960.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $402,202 in fundraising expenses.