MONTCLAIR STATE UNIVERSITY FOUNDATION INC
Mission Statement
The Montclair State University Foundation, Inc. was created in 1960 by alumni and friends to provide financially for the educational needs of Montclair State. The Foundation is a separate not-for-profit 501 (c) (3) corporation established under the laws of the State of New Jersey. It has been designated by the Board of Trustees of Montclair State University to solicit, receive, hold and manage funds and property on behalf of the University. Since its inception, Montclair State University Foundation has received contributions from alumni, businesses, corporations, private foundations, and other friends engaged in educational philanthropy. The Foundation endowment is valued at more than $100 million. The Foundation ensures professional management and stewardship of contributions to support specific programs and projects at Montclair State University and maintains strict adherence to the donor’s philanthropic intentions. The Foundation provides support for University fundraising and capital campaigns, sponsors more than 500 annual scholarships and underwrites a variety of programs to reward excellent teaching and scholarship. The Foundation’s funds support worthy programs in both the academic area and student life, improve facilities, and cover costs of special, unanticipated opportunities that would otherwise go unrealized.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.4% | 84.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.7% | 13.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.0% | 0.4% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
457.6% | 546.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
134.0 mo | 10.4 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.0% | 32.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.0% | 88.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
140.3% | 5.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
62.0% | 5.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
58.9% | 3.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $35.6M | $14.6M | $163.2M | 82.4% | 0 |
| 2024 | $14.8M | $9.0M | $132.1M | 81.8% | 0 |
| 2023 | $15.3M | $10.4M | $115.3M | 83.4% | 0 |
| 2022 | $13.3M | $8.6M | $104.8M | 80.6% | 0 |
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