MONTCLAIR STATE UNIVERSITY FOUNDATION INC
ONE NORMAL AVE COLLEGE HALL NO 300, MONTCLAIR, NJ 07043 www.montclair.edu

---

Organizations Filed Purposes: 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.

DURING FISCAL 2020, THE FOUNDATION CONCLUDED ITS COMPREHENSIVE FUNDRAISING CAMPAIGN. THE CAMPAIGN RAISED 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 THE STUDENT LEARNING EXPERIENCE.FOR FISCAL 2020 THE FOUNDATION CONTINUED ITS INCREASED 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.

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 FOUNDATION 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 2020 INCLUDED THE CENTER FOR ENTREPRENEURSHIP, THE SCHOOL OF COMMUNICATIONS & MEDIA, RESEARCH PROGRAMS FOR ENVIRONMENTAL SUSTAINABILITIY, 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 THESE VITAL INITIATIVES.

THE FOUNDATION MANAGES IN EXCESS OF 225 FUNDS ESTABLISHED TO AWARD SCHOLARSHIPS FOR THE STUDENT POPULATION OF MONTCLAIR STATE UNIVERSITY. SCHOLARSHIP FUNDS ARE AVAILABLE TO STUDENTS BASED ON NEED OR MERIT. ADDITIONALLY, SUCH FUNDS PERMIT THE AWARD TO STUDENTS AT THE ADMISSIONS LEVEL AND/OR ARE RESTRICTED TO A SPECIFIC COLLEGE/SCHOOL, DEPARTMENT, MAJOR OR OTHER DEFINED CRITERIA. FUNDING TOWARDS SCHOLARSHIPS IS GENERATED FROM INDIVIDUALS, CORPORATIONS, PRIVATE FOUNDATIONS, EVENTS AND OTHER SOURCES. FUNDS MAY BE TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED (ENDOWED) BASED ON DONOR INTENT. THE FOUNDATION, IN SERVING THE NEEDS OF MONTCLAIR STATE UNIVERSITY, ACKNOWLEDGES THAT ONE OF THE TOP PRIORITIES FOR FUNDRAISING STEMS FROM THE NEED TO MEET THE CHALLENGES REGARDING THE COST OF EDUCATION FOR TODAY'S STUDENTS. THE FOUNDATION FOCUSES ON BOTH SHORT-TERM AND LONG-TERM NEEDS, FACTORING INCREASING STUDENT ENROLLMENT, THE ECONOMY, STATE FUNDING TO THE UNIVERSITY, AND LONG RANGE GROWTH PLANS; AMONG OTHER FACTORS. SCHOLARSHIP AWARDS CONTINUE TO INCREASE AND FOR FISCAL 2020 IN EXCESS OF 1,500 AWARDS WERE MADE TO BOTH NEED AND MERIT BASED STUDENTS.

THE FOUNDATION MANAGES TWO ANNUAL EVENTS WHICH ARE DESIGNED TO INCREASE DONOR CONNECTIVITY, AWARENESS OF THE NEEDS OF THE UNIVERSITY AND THE FOUNDATION, AND TO FULFILL THE MISSION OF ACADEMIC EXCELLENCE. ONE EVENT PROVIDES FOCUSED FUNDRAISING TOWARDS SCHOLARSHIPS WHILE THE SECOND ENABLES THE FOUNDATION TO PROVIDE RESOURCES FOR MUCH NEEDED SUPPORT TO UNIVERSITY STUDENT-ATHLETES AS THEY BALANCE THEIR ATHLETIC COMMITMENTS WITH EDUCATIONAL PRIORITIES. FOR FISCAL 2020 THE NET PROCEEDS OF THE GOLF OUTING WERE USED TO DEVELOP VIRUTAL BROADCASTING CAPABILITIES FOR ALL SPORTING EVENTS IN A SOCIAL MEDIA ENVIRONMENT. DUE TO THE GLOBAL PANDEMIC, THE ANNUAL SCHOLARSHIP DINNER WAS HELD VIRTUALLY. REVENUES REALIZED FOR FISCAL 2020 WERE UTILIZED AS AWARDS TO INCOMING FRESHMEN STUDENTS ACCROSS ALL DISCPLINES AND MAJORS, PROVIDING NEED BASED AWARDS TO STUDENTS.

---

---

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202023469349300907_public.xml