2023-02-20T12:40:14-06:00 2022-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2021-07-01 222448189 THE COLLEGE OF NEW JERSEY FOUNDATION INC COLL 6097712203 PO BOX 7718 EWING NJ 086280718 JOHN DONOHUE EXECUTIVE DIRECTOR 6097712203 2023-02-10 1 JOHN DONOHUE 999009999 AMY CIMINELLO P00796388 2483757100 2023-02-10 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z JOHN DONOHUE PO BOX 7718 EWING NJ 086280718 95122889 0 X WWW.TCNJ.EDU X 1971 NJ TO FUND PROGRAMS THAT SUPPORT THE OVERALL MISSION OF THE COLLEGE OF NEW JERSEY. 21 20 0 20 0 0 13015353 11150385 0 0 3747909 19623226 -5662 -7981 16757600 30765630 7887688 7622370 0 0 0 0 0 0 0 971720 1732150 8859408 9354520 7898192 21411110 70159109 60398961 7953009 4678730 62206100 55720231 X TO FUND PROGRAMS THAT SUPPORT THE OVERALL MISSION OF THE COLLEGE OF NEW JERSEY. 0 0 8082367 7622370 SUPPORT PROGRAM: THE OBJECTIVE OF THIS PROGRAM IS TO OBTAIN PRIVATE FUNDING TO ENHANCE THE EDUCATIONAL GOALS OF THE COLLEGE OF NEW JERSEY THROUGH A NUMBER OF SCHOLARSHIPS AND AWARDS. THESE EXPENSES INCLUDE $6,178,345 OF SUPPORT TO THE COLLEGE OF NEW JERSEY AND $1,444,025 OF SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS. THE CHARITABLE GIFT ANNUITY PROGRAM CONSISTS OF ASSETS DONATED BY INDIVIDUALS WHO SIGN AN ANNUITY AGREEMENT WITH THE FOUNDATION. THE FOUNDATION MAKES STIPULATED REGULAR PAYMENTS UNTIL AN AGREED UPON TIME. 8082367 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK AZ CA CO KY ME MD MA MI MN MO NJ NY OH OK OR SC UT VA WA WV X X VALARIE MCDUFFIE 6097713303 PO BOX 7718 EWING NJ 086280718 JOHN P DONOHUE EXECUTIVE DIRECTOR 13.00 0.00 X X 123564 0 23067 LLOYD RICKETTS ASSISTANT TREASURER 1.00 0.00 X X 0 0 0 ELAINE A ROCHA CHAIR 1.00 0.00 X X 0 0 0 CRAIG MORGENSTERN TREASURER & FINANCE CHAIR 1.00 0.00 X X 0 0 0 GLOIA E WEISSBART VICE CHAIR 1.00 0.00 X X 0 0 0 SUSANNE SVIZENY BOARD OF TRUSTEES LIAISON 1.00 0.00 X 0 0 0 IAN RUDERMAN ALUMNI ASSOCIATION LIAISON 1.00 0.00 X 0 0 0 CARL GIBBS - -PART YEAR PAST BOARD OF TRUSTEES LIAISON 1.00 0.00 X 0 0 0 KIMBERLY BRANDLEY - PART YEAR PAST CHAIR 1.00 0.00 X X 0 0 0 BARBARANNE DIMARCO DIRECTOR 1.00 0.00 X 0 0 0 DR KATHRYN A FOSTER DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY JACOUTOT DIRECTOR 1.00 0.00 X 0 0 0 THERESA MARTINAC DIRECTOR 1.00 0.00 X 0 0 0 DR HERBERT MAYO DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MOVSOVICH DIRECTOR 1.00 0.00 X 0 0 0 BARBARA MEYERS PELSON DIRECTOR 1.00 0.00 X 0 0 0 ANDREW POLANSKY DIRECTOR 1.00 0.00 X 0 0 0 ROBERT ROSS DIRECTOR 1.00 0.00 X 0 0 0 THOMAS M RUGGIA DIRECTOR 1.00 0.00 X 0 0 0 DR S MONET SIFFORD-WILSON FACP 1.00 0.00 X 0 0 0 DR SPIRO SPIREAS DIRECTOR 1.00 0.00 X 0 0 0 LT COLONEL MELVIN F SYKES AUDIT CHAIR 1.00 0.00 X 0 0 0 JAMES THORESEN DIRECTOR 1.00 0.00 X 0 0 0 123564 0 23067 1 0 0 1 0 11580 11138805 118414 11150385 10238990 10238990 73718794 64334558 9384236 9384236 9384236 14720 11580 22701 -7981 -7981 30765630 0 0 19615245 6178345 6178345 1444025 1444025 9068 9068 71700 71700 71630 71630 233670 211275 22395 86625 79173 7452 2284 2284 13337 14327 -990 50471 43121 7350 309 309 GIFT ADMINISTRATION FEE 1066861 1066861 PRIZES/AWARDS 35740 35412 328 ATHLETIC SUPPORT 31778 31778 COUNTRY CLUB DUES 15050 15050 43627 42627 1000 9354520 8082367 1272153 0 4170750 1956413 8154943 3152662 181698 28555 751 431 51063959 51423343 6587008 3837557 70159109 60398961 5050537 2328714 1445837 935488 1456635 1414528 7953009 4678730 X 10251757 8783607 51954343 46936624 62206100 55720231 70159109 60398961 21411110 -27896979 0 X X 0 1 X 1 0 X 6239642 9315611 8688966 13015353 11150385 48409957 6239642 9315611 8688966 13015353 11150385 48409957 10925057 37484900 744316 1005799 1082316 1022112 10238990 14093533 20240 14720 34960 62538450 0.59940 0.63210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48605579 4353784 -7499480 885387 1322486 67124 43184886 35715107 5803684 8983441 778526 882177 235951 48605579 32257956 4215178 837752 647049 750084 198646 35715107 26788386 4455993 2424984 618520 593176 199711 32257956 24012763 2032194 2503939 248583 1297276 214651 26788386 0.16400 0.67500 0.16100 1 0 0 COMMON TRUST FUNDS 867416 F HEDGE FUNDS 2970141 F 3837557 CHARITABLE GIFT ANNUITIES PAYABLE 1414528 1414528 2797021 -27896979 -27896979 30694000 71630 71630 30765630 9282890 0 9282890 71630 71630 9354520 PART V, LINE 4: THE ENDOWMENT IS USED FOR THE SOLE BENEFIT OF THE COLLEGE OF NEW JERSEY TO PROVIDE STUDENT SCHOLARSHIPS, LEARNING OPPORTUNITIES, PROGRAM ENHANCEMENTS, AND MORE. ATHLETIC GOLF OUTING 26300 11580 14720 22701 26300 11580 14720 22701 22701 -7981 1 THE COLLEGE OF NEW JERSEY 2000 PENNINGTON RD EWING NJ 08628 222797398 GOVERNMENT 6178345 0 N/A N/A EDUCATIONAL 1 0 SCHOLARSHIPS & GRANTS 559 1444025 N/A N/A PART I, LINE 2: FUNDS PAID AS GRANTS OR OTHER ASSISTANCE PROVIDED TO INDIVIDUALS ARE APPLIED DIRECTLY TO STUDENT FINANCIAL AID ACCOUNTS AT THE COLLEGE OF NEW JERSEY FOR STUDENTS WHO MEET ELIGIBILITY REQUIREMENTS AS DETERMINED BY FAFSA, AND ARE USED TO OFFSET THE COST OF ATTENDANCE AT THE COLLEGE AND IN ACCORDANCE WITH DONOR CRITERIA. FUNDS PAID AS GRANTS AND OTHER ASSISTANCE PROVIDED TO ORGANIZATIONS ARE ONLY PROVIDED TO THE COLLEGE OF NEW JERSEY, A GOVERNMENTAL ENTITY AS DEFINED IN IRC SECTION 170(C)(1). 0 0 0 0 0 0 0 0 0 SCHEDULE J, SUPPLEMENTAL INFORMATION JOHN DONOHUE IS AN EMPLOYEE OF THE COLLEGE OF NEW JERSEY, AN UNRELATED ORGANIZATION. AS THE COLLEGE'S VICE PRESIDENT FOR COLLEGE ADVANCEMENT, JOHN DONOHUE ALSO ACTS IN AN EXECUTIVE DIRECTOR CAPACITY FOR THE COLLEGE OF NEW JERSEY FOUNDATION. AS PER FORM 990, PART V, QUESTION 2 AND PART IX, LINES 5 THROUGH 10, THE FOUNDATION DOES NOT HAVE EMPLOYEES. JOHN DONOHUE ESTIMATES APPROXIMATELY 33% OF HIS TIME IS SPENT WORKING WITH THE FOUNDATION. X 5 118414 FMV AT SALE 0 1 0 PART I, COLUMN (B): COLUMN B REPRESENTS NUMBER OF CONTRIBUTORS. FORM 990, PAGE 2, PART III, LINE 4B THE CHARITABLE GIFT ANNUITY PROGRAM PAYMENTS ARE RECORDED AS A REDUCTION TO THE CHARITABLE GIFT ANNUITY LIABILITY NOT AS EXPENSE. THEREFORE THERE ARE NO EXPENSES TO REPORT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM WHICH IS THEN REVIEWED BY THE FINANCE DEPARTMENT AT THE COLLEGE OF NEW JERSEY. DRAFT FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A WELL-ESTABLISHED CODE OF ETHICS/CONFLICT OF INTEREST POLICY. ALL OF ITS DIRECTORS ARE REQUIRED TO REVIEW THE POLICY ANNUALLY AND COMPLETE A NOTIFICATION OF COMPLIANCE FORM. ANY DISCLOSED POTENTIAL CONFLICTS ARE REVIEWED BY THE FOUNDATION'S MANAGEMENT AND ESCALATED AS APPROPRIATE. ANY DIRECTORS WITH A CONFLICT IN A MATTER REQUIRING ACTION BY THE BOARD ARE PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATIONS OR DECISIONS REGARDING THE MATTER UNDER CONSIDERATION. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE TO THE PUBLIC VIA THE COLLEGE OF NEW JERSEY WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE COLLEGE OF NEW JERSEY WEBSITE. FORM 990, PAGE 12, PART XII, LINE 2C THE OVERSIGHT PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.