New Jersey · Nonprofit
FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY
FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY (New Jersey) receives grants from 93 organizations whose IRS filings report $21,531,173 to it, the largest being ALUMNI ASSOCIATION OF NEW JERSEY INSTITUTE OF TECHNOLOGY ($3,616,728). 56 of them have funded it in more than one year.
- Revenue FY2025
- $38M
- Funders on record
- 93
- Grants received
- $22M
- Net assets
- $213M
What Foundation at Nj Institute of Technology does
Mission
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 hardworking students, the foundation advances njit's pursuit of its mission of education, research, service, and economic development.
As stated on its FY2025 Form 990.
Programs
Scholarship and fellowship grants were awarded to new jersey institute of technology in the amount of $5,585,304. Foundation at new jersey institute of technology receives endowed gifts and annual gifts restricted for financial aid. The annual endowment spending for scholarships and fellowships and the annual scholarship and fellowship gifts are granted to new jersey institute of technology and awarded to students that have met the qualifications and restrictions placed by the donors. Undergraduate and graduate awards, from donor funded scholarships and fellowships were given to approximately 1,486 students.
$5,585,304 spentof which $5,585,304 as grants52% of program spendingResearch and program grants totaling $727,263 were awarded to new jersey institute of technology to support various research projects, in accordance with donor and other restrictions.
$727,263 spentof which $727,263 as grants7% of program spendingInstructional grants totaling $2,056,715 were awarded to new jersey institute of technology in support of its educational programs in accordance with donor and other restrictions.
$2,056,715 spentof which $2,056,715 as grants19% of program spendingStudent service grants totaling $405,059 were awarded to new jersey institute of technology in support of its athletic, theater, and other programs in accordance with donor and other restrictions.public service grants totaling $195,962 were awarded to new jersey institute of technology to support pre-college and outreach programs in accordance with donor and other restrictions.academic support grants totaling $1,193,811 were awarded to new jersey institute of technology to support deans and other academic support activities in accordance with donor and other restrictions.institutional support grants totaling $563,138 were awarded to related organizations, new jersey institute of technology and new jersey innovation institute, in support of public relations and other activities in accordance with donor and other restrictions.grants totaling $5,479 were awarded to the beta alpha chapter of pi kappa phi, inc., a student fraternity organization, to assist with the payment of its mortgage associated with the construction and furnishing of educational areas of their chapter house.
$2,363,449 spentof which $2,363,449 as grants22% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $10,732,731.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $192M to $218M (+13%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 3%. Grants only. Government contracts and fees sit inside program revenue.
45% of FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 14 funders to 46 funders, grant income rose $813k → $3.1M.
22 of 93 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY’s funders (the co-funder graph). Top 30 of 93 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY has a broad base — no single funder exceeds 17% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
66% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY.
Largest funder’s share by year: 2017 32% · 2018 34% · 2019 27% · 2020 83% · 2021 55% · 2022 18% · 2023 30% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY draws 63% of its grant income from funders outside New Jersey, across 20 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $6.4M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Jersey
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
72%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- New Jersey Institute of Technology · exempt
- New Jersey Innovation Institute Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY?
- FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY (New Jersey) receives grants from 93 organizations whose IRS filings report $21,531,173 to it, the largest being ALUMNI ASSOCIATION OF NEW JERSEY INSTITUTE OF TECHNOLOGY ($3,616,728). 56 of them have funded it in more than one year.
- How many funders does FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY have?
- IRS filings report 93 organizations giving $21,531,173 in grants to FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY, 56 of which have funded it in more than one year.
- Who is the largest funder of FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY?
- ALUMNI ASSOCIATION OF NEW JERSEY INSTITUTE OF TECHNOLOGY is the largest funder on record, with $3,616,728 in grants. The full list of funders is on this page.
- How can an organization like FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Jersey. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 93 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing