2 minute read

Fundraising

In fiscal year 2019, NJIT continued to reach new and unprecedented heights — as an academic and research powerhouse, as a catalyst of much-needed economic development, and as a preferred destination for talented students eager to receive a world-class, career-relevant STEM education.

The university’s decidedly upward trajectory also garnered much deserved — and long overdue — recognition from a variety of corners last year. A few notable examples: • U.S. News & World Report ranked us in the top 100 among all national universities in 2019 — the highest ranking that NJIT has ever earned in the magazine’s annual “Best Colleges” publication. • Forbes and The New York Times named us the #1 university in the entire nation for enabling students to achieve upward socioeconomic mobility. • PayScale put us in the top 2% of all colleges and universities for return on investment. • Princeton Review included the university among its “Best 384 Colleges” and identified us as a top college in the Northeast region. • The Carnegie Commission on Higher Education classified NJIT as an R1 institution, making it one of just 131 universities in the nation – and one of just three in New Jersey — that boast the “highest research activity.”

These are truly impressive accolades, which reflect the untiring dedication, relentless hard work and outstanding accomplishments of our students, faculty and staff.

They also reflect the considerable time, talent and treasure that NJIT’s alumni and friends have invested in our students, faculty, programs and facilities. Indeed, 2019 was also a banner year on the fundraising front, as 5,929 donors contributed a total of just under $17 million to the university, established 33 new scholarships for deserving students, and helped push NJIT’s endowment past the $130 million mark. Among the gifts received last year was the single largest in the university’s history, which resulted in the naming of the J. Robert and Barbara A. Hillier College of Architecture and Design.

Just as important, a record number of NJIT alumni made a gift in support of their alma mater in 2019. These donations pushed the university’s alumni giving rate to 10.3% — more than double the national median for public universities. n

FY 2019 Philanthropic Commitments to NJIT

$1,000,000 or more Benjamin Aiello Chris P. Christie ’73* Compass Group North America Alfred J. Frungillo, Jr. Gourmet Dining Services LLC Barbara A. and J. Robert ’17 HON Hillier Donna and N. Eric Johanson ’65 Jacqueline C. Kane ’60* Sonia and Raymond J. ’64 McGowan

$500,000 to $999,999 Joan and Albert A. ’45, ’99 HON Dorman Purdue Pharma L.P. Martin Tuchman ’62

$250,000 to $499,999 Leir Foundation, Inc. Sandra L. and John H. ’61, ’66 Olson Tuchman Foundation, Inc.

$100,000 to $249,999 Automatic Data Processing Inc. Sharon Brockway Facebook Independent Alumni of NJIT JPMorgan Chase Brian G. Kiernan ’70 Thomas L. Maniscalco ’80 ’93 Concrete Industry Management (CIM) Krisha K. and James R. ’66 Pennino PepsiCo American Beverage Company Elaine A. and Lawrence A. ’65 Raia Alison B. and Steven B. ’84 Saperstein Sabine and Anthony R. ’60 Saporito Maribeth and W. Marcus Sheridan Teresa and Demetrios J. ’85 Stamatis US Didactic

*deceased

FY 2019 Overall Philanthropic Support

$16,949,736.38 Where Your Gifts Go

75% Students 8% Campus & Facilities

13% Faculty & Programs

4% Research

This article is from: