The William Paterson University of New Jersey Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MISSION OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. IS DEDICATED TO SECURE PHILANTHROPIC FUNDING THROUGH THE IDENTIFICATION AND PURSUIT OF PRIVATE GIFTS, GRANTS, AND ENDOWMENTS. THE FOUNDATION WILL BE THE STEWARD OF THESE FUNDS. IN DOING SO, THIS EFFORT WILL HELP POSITION WILLIAM PATERSON UNIVERSITY AS A PREEMINENT PUBLIC INSTITUTION OF HIGHER LEARNING IN NEW JERSEY. SUCCESS IN PART, WILL BE RECOGNIZED AS THE UNIVERSITY'S POSITION AMONG THE ACADEMIC AND BUSINESS COMMUNITY ADVANCES. THE FOUNDATION IS ALSO DEDICATED TO PROVIDE THE HIGHEST LEVEL OF CUSTOMER SERVICE TO OUR DONORS, MEMBERS OF THE UNIVERSITY COMMUNITY, AND OTHER CONSTITUENT GROUPS.
- Income
- $7.1 million
- Spending
- $3.2 million
- Spent on programs
- 85%
- Reserves
- 41.2 months of spending
- Largest source of income
- donations and private grants, 58%
- Employees
- 0
- Volunteers
- 23
- Highest pay
- $124,533, president
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100.
Reserves
35 of 35Spendable reserves would cover 41.2 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 54% of income.
Income trend
15 of 15Income rose 29% on the year before.
Spending floor
15 of 1585% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100.
Independent board
25 of 2522 of 22 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $1.5 million spent. THE WILLIAM PATERSON UNIVERSITY FOUNDATION SUPPORTS THE UNIVERSITY'S SCHOLARSHIP PROGRAM. THE FOUNDATION RAISES FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS IN PAYING THEIR TUITION WITH NO REPAYMENT OR WORK OBLIGATION. THESE SCHOLARSHIPS CAN BE AWARDED TO ENROLLED IN-PERSON WILLIAM PATERSON UNIVERSITY STUDENTS WHO DEMONSTRATE ACADEMIC PROFICIENCY AND/OR FINANCIAL NEED. SCHOLARSHIP FUNDS ARE GENEROUSLY DONATED FROM ALUMNI, CORPORATIONS, FOUNDATIONS, EVENTS AND OTHER SOURCES. THE AWARDING OF SCHOLARSHIPS POSITIVELY IMPACTS STUDENTS, HELPING THEM MEET THE CHALLENGES REGARDING THE COST OF EDUCATION FOR TODAY'S STUDENTS.
- $1.3 million spent. THE WILLIAM PATERSON UNIVERSITY FOUNDATION RAISES CRITICAL FINANCIAL SUPPORT FOR VARIOUS UNIVERSITY ACADEMIC AND EXTRACURRICULAR PROGRAMS AS WELL AS RAISE FUNDS FOR OTHER ESSENTIAL CAMPUS NEEDS. THE UNIVERSITY OFFERS A WIDE RANGE OF INNOVATIVE ACADEMIC PROGRAMS INCLUDING SEVERAL THAT PROVIDE DONORS WITH AN OUTSTANDING OPPORTUNITY TO MAKE A SPECIAL IMPACT THROUGH THEIR SUPPORT. FUNDING IS RECEIVED FROM ALUMNI, CORPORATIONS, FOUNDATIONS AND OTHER CONSTITUENTS. THE FUNDS ARE CREATED AND MANAGED BASED ON DONOR INTENT/RESTRICTIONS TOWARDS THE VARIOUS PURPOSES.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1993.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.