New Jersey · Public charity
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…
- $11M
- Granted FY2025(still arriving)
- 3
- Grants FY2025
- 3
- Organizations funded FY2024
- 33%
- First-time grantees FY2024
- Median grant, FY2025
- $75,000
- Largest grant, FY2025
- $10,652,252
- Organizations funded a year
- 2 to 3
- FY2021 to FY2024
- States reached, FY2025
- 1
- Total assets, FY2025
- $218M
How open it is to new grantees
In FY2024, 33% of the organizations Foundation at Nj Institute of Technology funded were first-time grantees, receiving 1% of its grant dollars.
New vs renewed · share of each year
In FY2024, 99% of grant dollars renewed an existing relationship; $75k went to new ones.
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 3 | $11M | 0% |
| FY2024 | 3 | $11M | 33% |
| FY2023 | 2 | $9.2M | 0% |
| FY2022 | 2 | $8.5M | 0% |
| FY2021 | 2 | $8.9M | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2021 to 2025.
Top grantees
Largest recipients by total granted, FY2021 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Nj Institute of Technology | $47,726,173 | 5 | n/a |
| New Jersey Innovation Institute Inc | $150,000 | 2 | 0% |
| Beta Alpha Chapter of Pi Kappa Phi Inc | $57,097 | 5 | 6% |
Compare Foundation at Nj Institute of Technology with peer funders
About Foundation at Nj Institute of Technology
- How much does Foundation at Nj Institute of Technology give?
- Foundation at Nj Institute of Technology reported 3 grants totaling $10,732,731 in its FY2025 IRS filing. It funded between 2 and 3 organizations a year over FY2021 to FY2024.
- What does Foundation at Nj Institute of Technology fund?
- By grant dollars over FY2021 to FY2025, its largest causes are Education (100%), Community Improvement (0%), Membership Benefit (0%).
- Who are Foundation at Nj Institute of Technology's largest grantees?
- By total granted over FY2021 to FY2025: Nj Institute of Technology ($48M), New Jersey Innovation Institute Inc ($150k), Beta Alpha Chapter of Pi Kappa Phi Inc ($57k).
- Does Foundation at Nj Institute of Technology fund new organizations?
- In FY2024, 33% of the organizations it funded were first-time grantees.
- Where is Foundation at Nj Institute of Technology based?
- Foundation at Nj Institute of Technology is based in NJ.
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