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Nonprofit · EIN 23-7318742

RUTGERS UNIVERSITY FOUNDATION

Tax-exempt · NEW BRUNSWICK, NJ 08901

Financials

$208.6M$198.1M2022$150.9M$144.6M2023$137.2M$150.1M2024
Revenue Expenses · by fiscal year end
Financials of RUTGERS UNIVERSITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$137,157,185$150,061,350-$12,904,165$96,478,926$32,972,852$63,506,074
June 30, 2024990$150,867,652$144,644,902$6,222,750$102,053,932$25,645,077$76,408,855
June 30, 2023990$208,635,539$198,142,639$10,492,900$146,527,124$24,535,342$121,991,782
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$97,589,384
Program service revenue
$206,037
Investment income
$1,955,941
Net rental income
$3,085
Net gain from sales of assets
$42,241
Net income from fundraising events
-$4,098
Net income from gaming
$340
Other revenue
$37,405,823

Expenses

Grants and similar amounts paid
$111,591,804
Compensation of officers, directors and key employees
$2,263,526
Other salaries and wages
$19,713,729
Salaries, compensation and benefits (total)
$28,208,013
Professional fundraising fees
$678,901
Legal fees
$41,500
Accounting fees
$240,005
Occupancy
$43,327
Travel
$650,846
Program services (functional)
$131,242,709
Management and general (functional)
$15,435,997
Fundraising (functional)
$3,382,644

Balance sheet and other

Total assets, start of year
$102,053,932
Total assets, end of year
$96,478,926
Total liabilities, end of year
$32,972,852
Net assets, end of year
$63,506,074
Publicly traded securities
$12,419,314
Net assets without donor restrictions
$1,137,163
Net assets with donor restrictions
$62,368,911
Gross unrelated business income
$805
Gross receipts
$158,203,261
Employees
285
Volunteers
45
Year formed
1973
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WILLIAM J GREENOUTGOING VICE PRESIDENT
Key employee
37.5$384,302$83,704
MARK ANTONUCCIASSISTANT SECRETARY
Officer
37.5$347,566$53,093
DENISE P GAVALAOUTGOING SR. ASSOC. VICE PRESIDENT
Highest-paid employee
37.5$346,093$32,854
SHAWN TUCKEROUTGOING VICE PRESIDENT
Key employee
37.5$252,923$69,777
CHRISTOPHER P ZRALYASSOCIATE TREASURER
Officer
37.5$294,268$27,364
MARCO BATTAGLIASR ADVISOR
Highest-paid employee
37.5$246,791$70,873
ROBIN C SEMPLEVICE PRESIDENT
Key employee
37.5$233,360$47,211
CHARLES A WRIGHT IIIVICE PRESIDENT
Key employee
37.5$219,719$52,035
LOREN SAVAGEASSC. VICE PRESIDENT
Highest-paid employee
37.5$217,047$42,506
IRENE O'BRIENOUTGOING VICE PRESIDENT
Key employee
37.5$199,375$41,677
KRISTIN DIFOGLIOEXECUTIVE DIRECTOR
Highest-paid employee
37.5$175,600$59,752
ERIN VARGAASSC.VICE PRESIDENT
Highest-paid employee
37.5$191,332$31,739
VARSHA NAKUMASSISTANT SECRETARY
Officer
37.5$157,693$65,142
AMY L TOWERSCHAIR/DIRECTOR
Trustee or director, Officer
1$0$0
AMY MANSUEEX-OFFICIO/DIRECTOR
Trustee or director
1$0$0
32 more people on this return
NameTitleHours / weekCompensation
ANN M STOCKDIRECTOR
Trustee or director
1$0
BRUCE BINGHAMOUTGOING DIRECTOR
Trustee or director
1$0
BRUCE P KERZICDIRECTOR
Trustee or director
1$0
DANIEL DIFILIPPODIRECTOR/CHAIR
Trustee or director, Officer
1$0
DONALD LOMURRODIRECTOR
Trustee or director
1$0
ELIZABETH J MCNEILLYVICE CHAIR
Trustee or director, Officer
1$0
FRANK HUNDLEYDIRECTOR
Trustee or director
1$0
GARY W CHROPUVKAVICE CHAIR
Trustee or director, Officer
1$0
GLORIA VANDERHAMDIRECTOR/EX-OFFICIO
Trustee or director
1$0
J MICHAEL GOWERTREASURER
Trustee or director, Officer
1$0
JAMES BERGDIRECTOR
Trustee or director
1$0
JOHN SIVOLELLADIRECTOR
Trustee or director
1$0
JONATHAN HOLLOWAYEX-OFFICIO/DIRECTOR
Trustee or director
1$0
KENNETH R JOHNSONDIRECTOR
Trustee or director
1$0
KIMBERLY A HOPELYPRESIDENT
Trustee or director, Officer
1$0
LISA DOLLYVICE CHAIR
Trustee or director, Officer
1$0
MARGARET T DERRICKDIRECTOR
Trustee or director
1$0
MARK P HERSHHORNDIRECTOR
Trustee or director
1$0
MARY PAPAMARKOUDIRECTOR
Trustee or director
1$0
MIA CHRISTINE PARKDIRECTOR
Trustee or director
1$0
PEGGY GUILIANODIRECTOR
Trustee or director
1$0
PETER TVERDOVDIRECTOR
Trustee or director
1$0
PHILIP SCALODIRECTOR
Trustee or director
1$0
REEMA PURIDIRECTOR
Trustee or director
1$0
RICHARD KENTDIRECTOR
Trustee or director
1$0
RICHARD STANZIONEDIRECTOR
Trustee or director
1$0
ROBERT FALZONOUTGOING DIRECTOR
Trustee or director
1$0
SEAN M PATTWELLDIRECTOR
Trustee or director
1$0
SUBHA BARRYDIRECTOR
Trustee or director
1$0
TILAK LALDIRECTOR
Trustee or director
1$0
WILLIAM E BESTOUTGOING DIRECTOR
Trustee or director
1$0
DUNCAN L MACMILLANSECRETARY
Officer
1$0
990 for the year ended June 30, 2024: 50 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM J GREENVICE PRESIDENT
Key employee
37.5$385,833$82,945
IRENE O'BRIENVICE PRESIDENT
Key employee
37.5$283,360$74,602
MARK ANTONUCCIASSISTANT SECRETARY
Officer
37.5$296,813$51,209
MARCO BATTAGLIASR ADVISOR
Highest-paid employee
37.5$246,389$71,573
CHRISTOPHER P ZRALYASSOCIATE TREASURER
Officer
37.5$290,260$27,694
SHAWN TUCKERVICE PRESIDENT
Key employee
37.5$243,251$68,823
DENISE P GAVALASR. ASSOC. VICE PRESIDENT
Highest-paid employee
37.5$253,199$35,452
ROBIN C SEMPLEVICE PRESIDENT
Key employee
37.5$224,527$45,520
JEREMY L SCARBROUGHASSOC. VICE PRESIDENT (FORMER AS OF 4/6/24)
Former
37.5$215,568$32,230
WILLIAM MITCHELLSR ASSOCIATE VICE PRESIDENT
Highest-paid employee
37.5$184,382$18,858
KRISTEN C DIFOGLIOASSOCIATE DEAN OF ADVANCEMENT
Highest-paid employee
37.5$190,670$5,005
ENDIA DECORDOVAVICE PRESIDENT (FORMER AS OF 5/20/23)
Former
37.5$107,325$14,875
ALAN CROSTA JRDIRECTOR/EX-OFFICIO
Trustee or director
1$0$0
AMY L TOWERSCHAIR
Trustee or director, Officer
1$0$0
ANN M STOCKDIRECTOR
Trustee or director
1$0$0
BRUCE BINGHAMDIRECTOR
Trustee or director
1$0$0
BRUCE P KERZICDIRECTOR
Trustee or director
1$0$0
CAROLYNN L JOHNSONDIRECTOR
Trustee or director
1$0$0
DANIEL DIFILIPPODIRECTOR
Trustee or director
1$0$0
DONALD LOMURRODIRECTOR
Trustee or director
1$0$0
ELIZABETH J MCNEILLYVICE CHAIR
Trustee or director, Officer
1$0$0
FRANK HUNDLEYDIRECTOR
Trustee or director
1$0$0
GARY W CHROPUVKAVICE CHAIR
Trustee or director, Officer
1$0$0
GLORIA VANDERHAMDIRECTOR/EX-OFFICIO
Trustee or director
1$0$0
J MICHAEL GOWERTREASURER/EX-OFFICIO
Trustee or director, Officer
1$0$0
JAMES BERGDIRECTOR
Trustee or director
1$0$0
JOHN A DICIURCIODIRECTOR
Trustee or director
1$0$0
JOHN SIVOLELLADIRECTOR
Trustee or director
1$0$0
JONATHAN HOLLOWAYEX-OFFICIO/DIRECTOR
Trustee or director
1$0$0
KENNETH R JOHNSONDIRECTOR
Trustee or director
1$0$0
LISA DOLLYVICE CHAIR
Trustee or director, Officer
1$0$0
MARGARET T DERRICKDIRECTOR
Trustee or director
1$0$0
MARK P HERSHHORNDIRECTOR
Trustee or director
1$0$0
MARY PAPAMARKOUDIRECTOR
Trustee or director
1$0$0
MIA CHRISTINE PARKDIRECTOR
Trustee or director
1$0$0
MICHAEL A MARGOLISDIRECTOR
Trustee or director
1$0$0
OMOTAYO OKUSANYADIRECTOR
Trustee or director
1$0$0
PATRICIA DEVITT RISSEDIRECTOR
Trustee or director
1$0$0
PEGGY GUILIANODIRECTOR
Trustee or director
1$0$0
PETER TVERDOVDIRECTOR
Trustee or director
1$0$0
PHILIP SCALODIRECTOR
Trustee or director
1$0$0
REEMA PURIDIRECTOR
Trustee or director
1$0$0
RICHARD KENTDIRECTOR
Trustee or director
1$0$0
RICHARD STANZIONEDIRECTOR
Trustee or director
1$0$0
ROBERT FALZONDIRECTOR
Trustee or director
1$0$0
SEAN M PATTWELLDIRECTOR
Trustee or director
1$0$0
TILAK LALDIRECTOR
Trustee or director
1$0$0
WILLIAM E BESTEX-OFFICIO/DIRECTOR
Trustee or director
1$0$0
DUNCAN L MACMILLANSECRETARY
Officer
1$0$0
KIMBERLY A HOPELYPRESIDENT/EX-OFFICIO
Officer
1$0$0
990 for the year ended June 30, 2023: 54 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM J GREENVICE PRESIDENT
Key employee
37.5$365,919$79,237
MARK ANTONUCCIVP, ASSISTANT SECRETARY
Officer
37.5$281,526$44,478
CHRISTOPHER P ZRALYVP, CFO & ASSOCIATE TREASURER
Officer
37.5$271,757$25,484
IRENE O'BRIENVICE PRESIDENT
Key employee
37.5$237,332$58,930
DENISE P GAVALASR. ASSOC. VICE PRESIDENT
Highest-paid employee
37.5$238,651$34,171
MARCO BATTAGLIAASSOC. VICE PRESIDENT
Highest-paid employee
37.5$201,774$65,188
JOSHUA HARRAMAN OUTGOING 1222VICE PRESIDENT
Key employee
37.5$231,516$19,530
DREW KAIDEN OUTGOING 423ASSOC. VICE PRESIDENT
Highest-paid employee
37.5$175,713$64,042
JEREMY L SCARBROUGHASSOC. VICE PRESIDENT
Highest-paid employee
37.5$206,160$30,761
ROBIN C SEMPLEVICE PRESIDENT
Key employee
37.5$193,479$36,199
TODD LINEBURGER OUTGOING 223ASSOC. VICE PRESIDENT
Highest-paid employee
37.5$175,041$45,560
ENDIA DECORDOVA OUTGOING 523VICE PRESIDENT
Key employee
37.5$189,268$21,368
AMY L TOWERSCHAIR
Trustee or director, Officer
1$0$0
ANN M STOCKDIRECTOR
Trustee or director
1$0$0
ATIYA AFTABDIRECTOR
Trustee or director
1$0$0
BRUCE BINGHAMDIRECTOR
Trustee or director
1$0$0
BRUCE P KERZICDIRECTOR
Trustee or director
1$0$0
CAROLYNN L JOHNSONDIRECTOR
Trustee or director
1$0$0
CHRISTIANA R FOGLIO OUTGOING 1022DIRECTOR
Trustee or director
1$0$0
DANIEL DIFILIPPODIRECTOR
Trustee or director
1$0$0
DANIEL REINHARDTDIRECTOR
Trustee or director
1$0$0
DEBRA A HOLSTON O'NEALEX-OFFICIO/DIRECTOR
Trustee or director
1$0$0
DONALD LOMURRODIRECTOR
Trustee or director
1$0$0
DUNCAN L MACMILLANSECRETARY
Trustee or director, Officer
1$0$0
ELIZABETH J MCNEILLYVICE CHAIR
Trustee or director, Officer
1$0$0
GARY W CHROPUVKAVICE CHAIR
Trustee or director, Officer
1$0$0
J MICHAEL GOWEREX-OFFICIO/TREASURER
Trustee or director, Officer
1$0$0
JAMES BERGDIRECTOR
Trustee or director
1$0$0
JEAN CAPPELLODIRECTOR
Trustee or director
1$0$0
JOHN A DICIURCIODIRECTOR
Trustee or director
1$0$0
JOHN SIVOLELLADIRECTOR
Trustee or director
1$0$0
JONATHAN HOLLOWAYEX-OFFICIO/DIRECTOR
Trustee or director
1$0$0
KATE SWEENEY OUTGOING 922DIRECTOR
Trustee or director
1$0$0
KENNETH R JOHNSONDIRECTOR
Trustee or director
1$0$0
KIMBERLY A HOPELYEX-OFFICIO/PRESIDENT
Trustee or director, Officer
1$0$0
LISA DOLLYVICE CHAIR
Trustee or director, Officer
1$0$0
MARGARET T DERRICKDIRECTOR
Trustee or director
1$0$0
MARK P HERSHHORNDIRECTOR
Trustee or director
1$0$0
MARY PAPAMARKOUDIRECTOR
Trustee or director
1$0$0
MIA CHRISTINE PARKDIRECTOR
Trustee or director
1$0$0
MICHAEL A MARGOLISDIRECTOR
Trustee or director
1$0$0
NIMESH S JHAVERIEX-OFFICIO/DIRECTOR
Trustee or director
1$0$0
OMOTAYO OKUSANYADIRECTOR
Trustee or director
1$0$0
PATRICIA DEVITT RISSEDIRECTOR
Trustee or director
1$0$0
PEGGY GUILIANODIRECTOR
Trustee or director
1$0$0
PETER TVERDOVDIRECTOR
Trustee or director
1$0$0
PHILIP SCALODIRECTOR
Trustee or director
1$0$0
REEMA PURIDIRECTOR
Trustee or director
1$0$0
RICHARD STANZIONEDIRECTOR
Trustee or director
1$0$0
ROBERT FALZONDIRECTOR
Trustee or director
1$0$0
SEAN M PATTWELLDIRECTOR
Trustee or director
1$0$0
SUBHA BARRYDIRECTOR
Trustee or director
1$0$0
TILAK LALDIRECTOR
Trustee or director
1$0$0
WILLIAM E BESTEX-OFFICIO/DIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
335 GEORGE ST STE 4000, NEW BRUNSWICK, NJ 08901-4013
In care of
% TERRI CAMPBELL
Principal officer (990 for 2024)
LEE TAGGART, 335 GEORGE STREET, NEW BRUNSWICK, NJ 08901
Signed the 990
LEE TAGGART, VP OPERATIONS/ASSC TREASURER
Phone
(848) 932-8020
Return prepared by
COHNREZNICK ADVISORY LLC

Mission

THE SOLE MISSION OF THE RUTGERS UNIVERSITY FOUNDATION, SINCE ITS FOUNDING IN 1973, IS TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE IN EDUCATION, RESEARCH, AND PUBLIC SERVICE (CONTINUED ON SCHEDULE O) BY BUILDING RELATIONSHIPS WITH ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHER SUPPORTERS, THE FOUNDATION RAISES MONEY FOR, AND MATCHES DONORS INTERESTS TO, RUTGERS PRIORITIES, AS SET FORTH BY UNIVERSITY LEADERSHIP.

990 for the year ended June 30, 2025

Program accomplishments

  • THE FOUNDATION SERVES AS THE PRIMARY FUNDRAISING ENTITY FOR RUTGERS UNIVERSITY. A SIGNIFICANT PORTION OF THE FOUNDATION'S EXPENSES CONSISTS OF DISTRIBUTIONS TO THE UNIVERSITY FOR DONOR-DESIGNATED PURPOSES, INCLUDING SCHOLARSHIPS, FACULTY SUPPORT, CAPITAL PROJECTS, AND OTHER INSTITUTIONAL PRIORITIES. ACCORDINGLY, TOTAL EXPENSES INCLUDE SUBSTANTIAL PASS-THROUGH FUNDING THAT DIRECTLY SUPPORTS THE UNIVERSITY'S MISSION.
    Expenses $131,242,709 · grants $111,591,804 · revenue $37,611,431

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-7318742
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1974
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$96,478,926
Income (IRS master file)
$158,203,261

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$137,157,185$150,061,350$96,478,926IRS
990-TJune 2025–––IRS
990June 2024$150,867,652$144,644,902$102,053,932IRS
990-TJune 2024–––IRS
990June 2023$208,635,539$198,142,639$146,527,124XML
990-TJune 2023–––IRS
990June 2022$202,492,280$215,703,305$133,617,219IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7318742).

Questions about RUTGERS UNIVERSITY FOUNDATION

What is the EIN of RUTGERS UNIVERSITY FOUNDATION?
The employer identification number (EIN) of RUTGERS UNIVERSITY FOUNDATION is 23-7318742.
Is RUTGERS UNIVERSITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to RUTGERS UNIVERSITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RUTGERS UNIVERSITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RUTGERS UNIVERSITY FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RUTGERS UNIVERSITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of RUTGERS UNIVERSITY FOUNDATION?
The 990 for the year ended June 30, 2025 names LEE TAGGART.
Who are the officers and directors of RUTGERS UNIVERSITY FOUNDATION?
The 990 for the year ended June 30, 2025 lists 47 people; 13 received compensation from the organization, the highest $384,302 (WILLIAM J GREEN, OUTGOING VICE PRESIDENT).
How much revenue does RUTGERS UNIVERSITY FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $137,157,185, expenses of $150,061,350 and total assets of $96,478,926 at year end.

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