2026-05-13T21:25:15-05:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-07-01 237318742 RUTGERS UNIVERSITY FOUNDATION RUTG 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 LEE TAGGART VP OPERATIONS/ASSC TREASURER 7329322076 2026-05-12 1 1 JOLANTA TUCK P01340068 9732283500 2026-05-12 2024 2025-03-06 01:10:19Z LEE TAGGART 335 GEORGE STREET NEW BRUNSWICK NJ 08901 158203261 0 X RUTGERSFOUNDATION.ORG X 1973 NJ TO SUPPORT RUTGERS, THE STATE UNIVERSITY, AND HELP IT ATTAIN EXCELLENCE (CONTINUED ON SCHEDULE O) IN EDUCATION, RESEARCH AND PUBLIC SERVICE BY BUILDING RELATIONSHIPS WITH SUPPORTERS TO RAISE MONEY FOR RUTGERS. 31 31 285 45 805 0 116707195 97589384 215118 206037 1078841 1955941 32866498 37405823 150867652 137157185 105367693 111591804 0 0 27010339 28208013 1501506 678901 3382644 10765364 9582632 144644902 150061350 6222750 -12904165 102053932 96478926 25645077 32972852 76408855 63506074 X 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. 0 0 131242709 111591804 37611431 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. 131242709 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 47 0 1 285 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA HI KY MD MI MN NJ NY UT MA OH NH OR SC WI X LEE TAGGART 8489328020 335 GEORGE STREET NEW BRUNSWICK NJ 08901 AMY L TOWERS CHAIR/DIRECTOR 1.00 X X 0 0 0 AMY MANSUE EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 ANN M STOCK DIRECTOR 1.00 X 0 0 0 BRUCE BINGHAM OUTGOING DIRECTOR 1.00 X 0 0 0 BRUCE P KERZIC DIRECTOR 1.00 X 0 0 0 DANIEL DIFILIPPO DIRECTOR/CHAIR 1.00 X X 0 0 0 DONALD LOMURRO DIRECTOR 1.00 X 0 0 0 ELIZABETH J MCNEILLY VICE CHAIR 1.00 X X 0 0 0 FRANK HUNDLEY DIRECTOR 1.00 X 0 0 0 GARY W CHROPUVKA VICE CHAIR 1.00 X X 0 0 0 GLORIA VANDERHAM DIRECTOR/EX-OFFICIO 1.00 X 0 0 0 J MICHAEL GOWER TREASURER 1.00 X X 0 0 0 JAMES BERG DIRECTOR 1.00 X 0 0 0 JOHN SIVOLELLA DIRECTOR 1.00 X 0 0 0 JONATHAN HOLLOWAY EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 KENNETH R JOHNSON DIRECTOR 1.00 X 0 0 0 KIMBERLY A HOPELY PRESIDENT 1.00 X X 0 0 0 LISA DOLLY VICE CHAIR 1.00 X X 0 0 0 MARGARET T DERRICK DIRECTOR 1.00 X 0 0 0 MARK P HERSHHORN DIRECTOR 1.00 X 0 0 0 MARY PAPAMARKOU DIRECTOR 1.00 X 0 0 0 MIA CHRISTINE PARK DIRECTOR 1.00 X 0 0 0 PEGGY GUILIANO DIRECTOR 1.00 X 0 0 0 PETER TVERDOV DIRECTOR 1.00 X 0 0 0 PHILIP SCALO DIRECTOR 1.00 X 0 0 0 REEMA PURI DIRECTOR 1.00 X 0 0 0 RICHARD KENT DIRECTOR 1.00 X 0 0 0 RICHARD STANZIONE DIRECTOR 1.00 X 0 0 0 ROBERT FALZON OUTGOING DIRECTOR 1.00 X 0 0 0 SEAN M PATTWELL DIRECTOR 1.00 X 0 0 0 SUBHA BARRY DIRECTOR 1.00 X 0 0 0 TILAK LAL DIRECTOR 1.00 X 0 0 0 WILLIAM E BEST OUTGOING DIRECTOR 1.00 X 0 0 0 CHRISTOPHER P ZRALY ASSOCIATE TREASURER 37.50 X 294268 0 27364 DUNCAN L MACMILLAN SECRETARY 1.00 X 0 0 0 MARK ANTONUCCI ASSISTANT SECRETARY 37.50 X 347566 0 53093 VARSHA NAKUM ASSISTANT SECRETARY 37.50 X 157693 0 65142 CHARLES A WRIGHT III VICE PRESIDENT 37.50 X 219719 0 52035 IRENE O'BRIEN OUTGOING VICE PRESIDENT 37.50 X 199375 0 41677 ROBIN C SEMPLE VICE PRESIDENT 37.50 X 233360 0 47211 SHAWN TUCKER OUTGOING VICE PRESIDENT 37.50 X 252923 0 69777 WILLIAM J GREEN OUTGOING VICE PRESIDENT 37.50 X 384302 0 83704 DENISE P GAVALA OUTGOING SR. ASSOC. VICE PRESIDENT 37.50 X 346093 0 32854 ERIN VARGA ASSC.VICE PRESIDENT 37.50 X 191332 0 31739 KRISTIN DIFOGLIO EXECUTIVE DIRECTOR 37.50 X 175600 0 59752 LOREN SAVAGE ASSC. VICE PRESIDENT 37.50 X 217047 0 42506 MARCO BATTAGLIA SR ADVISOR 37.50 X 246791 0 70873 3266069 0 677727 75 0 1 0 0 14885 97574499 11140585 97589384 PROSPECT ENGAGEMENT 900099 206037 206037 206037 1913700 1913700 3085 0 3085 3085 3085 21073339 21031098 42241 42241 42241 9630 14885 13728 -4098 -4098 1590 1250 340 340 ADMIN FEES & SUPPORT 900099 37405394 37405394 AFFINITY PROGRAM 541900 805 805 297 297 37406496 137157185 37611431 805 1955565 111591804 111591804 2263526 2263526 19713729 13536125 6177604 1817116 1301784 515332 2276604 939512 1337092 2137038 1410799 726239 2141435 744665 1396770 41500 14893 26607 240005 240005 678901 678901 8217 8217 560485 448680 111805 148639 125163 23476 449473 84411 365062 1110923 195403 915520 43327 4803 38524 650846 411814 239032 409644 105617 304027 10741 10741 208393 208393 DONOR & ALUMNI EVENTS 2703743 2703743 EQUIPMENT PURCHASES 269784 10458 259326 PRINTING & PUBLICATIONS 207533 189755 17778 REPAIRS AND MAINTENANCE 113859 113859 264085 127023 137062 150061350 131242709 15435997 3382644 16128245 33597976 60632136 46734757 11702662 1898646 671352 956344 12213329 12419314 4147 256755 411729 445306 460160 102053932 96478926 13054590 3850705 3961887 4298745 8628600 24823402 25645077 32972852 X -224093 1137163 76632948 62368911 76408855 63506074 102053932 96478926 X -12904165 1384 0 X 0 1 X 1 0 X 143737617 173056821 178197983 116707195 97589384 709289000 143737617 173056821 178197983 116707195 97589384 709289000 741802 708547198 63468 50149 493854 890971 1916785 3415227 5585 1105594 177660 20148 1145 1310132 25129871 27895077 29883509 32843265 37405691 153157413 867171772 5540704 0.81710 0.81930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMIN FEE AND SUPPORT RUTGERS - 2020 AMOUNT: $ 25,129,871. 2021 AMOUNT: $ 27,894,789. 2022 AMOUNT: $ 29,882,205. 2023 AMOUNT: $ 32,843,099. 2024 AMOUNT: $ 37,405,394. OTHER INCOME - 2021 AMOUNT: $ 288. 2022 AMOUNT: $ 1,304. 2023 AMOUNT: $ 166. 2024 AMOUNT: $ 297. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108808 4498 4552 108754 2332408 53702 4953 2272349 108808 2293098 42072 2762 2332408 2398674 -105538 17 21 2293098 2418918 46606 66037 813 2398674 0.14000 0.86000 0.00000 0 0 0 ANNUITIES PAYABLE 6894149 OTHER LIABILITIES 60365 SUBSCRIPTION IT LIABILITIES 275652 DUE TO AFFILIATES 17593236 24823402 141132432 1384 3969626 14978 3985988 137146444 10741 10741 137157185 154035213 3969626 14978 3984604 150050609 10741 10741 150061350 PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS 14,978. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT AND GAMING EXPENSES RECORDED AS EXPENSES ON FINANCIAL STATEMENTS 14,978. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 ENGAGEMENT ACTIVITIES ALUMNI ENGAGEMENT & EVENTS 491648 0 1 0 0 0 1 491648 0 491648 0 0 0 0 0 0 X X X X X X 1 TSM DONOR ENGAGEMENT TEAM INC 155 COMMERCE DR FREEDOM PA 15042 MAIL FUNDRAISING/CONSULTING 0 1535453 508398 1027055 FREEWILL CO PO BOX 5322 KINGWOOD TX 77325 FUNDRAISING CONSULTING 0 0 48810 -48810 MOORE A SERIES LLC 4200 PARLIMENT PL LANHAM MD 20706 BRAND RESEARCH AND MESSAGING 0 0 115000 -115000 1535453 672208 863245 AL AK AR AZ CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC 2024 BASEBALL GOLF OUTING & AUCTIO 24515 14885 9630 2490 11238 24515 14885 9630 2490 11238 13728 -4098 1 RUTGERS UNIVERSITY 33 KNIGHTSBRIDGE RD PISCATAWAY NJ 08854 226001086 170(B)(1)(A)(II) 111591804 0 EDUCATION-RELATED/ATHLETICS 1 PART I, LINE 2: THE FOUNDATION MAINTAINS TRANSFER RECORDS FOR ALL GIFTS RAISED FOR THE UNIVERSITY AND THE UNIVERSITY MONITORS THE EXPENDITURES OF THOSE FUNDS, ALSO THE FOUNDATION PROVIDES STEWARDSHIP REPORTS TO DONORS REGARDING USAGE OF FUNDS. 1 0 0 0 0 0 0 0 0 WILLIAM J GREEN OUTGOING VICE PRESIDENT 383060 0 0 0 1242 0 32215 0 51489 0 468006 0 0 0 MARK ANTONUCCI ASSISTANT SECRETARY 347026 0 0 0 540 0 28490 0 24603 0 400659 0 0 0 DENISE P GAVALA OUTGOING SR. ASSOC. VICE PRESIDENT 253280 0 0 0 92813 0 19471 0 13383 0 378947 0 0 0 SHAWN TUCKER OUTGOING VICE PRESIDENT 252383 0 0 0 540 0 21266 0 48511 0 322700 0 0 0 CHRISTOPHER P ZRALY ASSOCIATE TREASURER 290704 0 0 0 3564 0 23392 0 3972 0 321632 0 0 0 MARCO BATTAGLIA SR ADVISOR 245549 0 0 0 1242 0 21062 0 49811 0 317664 0 0 0 ROBIN C SEMPLE VICE PRESIDENT 229796 0 0 0 3564 0 19139 0 28072 0 280571 0 0 0 CHARLES A WRIGHT III VICE PRESIDENT 217397 0 0 0 2322 0 18315 0 33720 0 271754 0 0 0 LOREN SAVAGE ASSC. VICE PRESIDENT 215996 0 0 0 1051 0 10769 0 31737 0 259553 0 0 0 IRENE O'BRIEN OUTGOING VICE PRESIDENT 198125 0 0 0 1250 0 12463 0 29214 0 241052 0 0 0 KRISTIN DIFOGLIO EXECUTIVE DIRECTOR 173278 0 0 0 2322 0 15112 0 44640 0 235352 0 0 0 ERIN VARGA ASSC.VICE PRESIDENT 190522 0 0 0 810 0 15751 0 15988 0 223071 0 0 0 VARSHA NAKUM ASSISTANT SECRETARY 155371 0 0 0 2322 0 13431 0 51711 0 222835 0 0 0 PART I, LINE 4A DENISE GAVALA - $90,848 X 399 11140585 FMV 0 1 1 PART I, COLUMN (B): AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF DONORS. PART I, LINE 32B: FOR CERTAIN NON CASH GIFTS, ASSOCIATED WITH COLLECTIBLES, WHERE THERE IS A LIMITED MARKET THE FOUNDATION WILL SECURE A FIRM TO SELL THE DONATED ITEMS AT AUCTION. PART I, LINE 33: THE RUTGERS FOUNDATION HAS RECORDED ONLY THE NON CASH GIFTS RECEIVED DIRECTLY AT THE FOUNDATION, OR NON CASH GIFTS RECEIVED AT THE UNIVERSITY WHERE THE FOUNDATION SIGNS FORM 8283. FORM 990, PART I, LINE 5 PART I LINE 5 INDICATES THE RUTGERS UNIVERSITY FOUNDATION EMPLOYED 285 INDIVIDUALS DURING CALENDAR YEAR 2024. THE FOUNDATION EMPLOYS APPROXIMATELY 260 FULL-TIME PROFESSIONAL FUNDRAISING STAFF MEMBERS. THE BALANCE ARE PRIMARILY PART TIME EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE FOUNDATION'S STAFF. DRAFT RETURN IS REVIEWED BY THE CFO AND THEN PRESENTED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE FOR THEIR REVIEW AND APPROVAL ON BEHALF OF THE FULL BOARD. THE FULL BOARD OF DIRECTORS IS PROVIDED A COPY OF THE APPROVED FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT AND RISK MANAGEMENT COMMITTEE CHAIR REVIEWS ALL RELATED PARTY TRANSACTION DISCLOSURE FORMS NOT LESS THAN ANNUALLY. IN THE EVENT THAT A BOARD MEMBER'S OR STAFF MEMBER'S STATUS CHANGES DURING THE YEAR THE AUDIT AND RISK MANAGEMENT COMMITTEE CHAIR WOULD REVIEW THE UPDATED CHANGE. ALL DISCLOSURE FORMS ARE AVAILABLE TO MEMBERS OF THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S PRESIDENT REVIEWS ANY CHANGES IN COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM ON AN ANNUAL BASIS WITH THE HUMAN CAPITAL AND DIVERSITY COMMITTEE OF THE BOARD OF DIRECTORS. THEY UTILIZE COMPARATIVE SALARY INFORMATION FOR OTHER ORGANIZATIONS TO CONSIDER THE REASONABLENESS OF THE COMPENSATION FOR EACH INDIVIDUAL. THE PRESIDENT OF THE RUTGERS UNIVERSITY FOUNDATION IS AN EMPLOYEE OF RUTGERS UNIVERSITY, WHICH IS CONSIDERED AN UNRELATED ORGANIZATION FOR TAX PURPOSES. THE UNIVERSITY DETERMINES THE PRESIDENT'S COMPENSATION. THE PRESIDENT DOES NOT RECIEVE ANY COMPENSATION FOR WORK ON THE BOARD, AS SUCH THE SALARY IS NOT DISCLOSED ON THE 990. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST ONLY AT THIS TIME. FORM 990, PART XI THE DECREASE IN NET ASSETS IS PRIMARILY DUE TO THE TIMING OF GIFT DISTRIBUTIONS TO RUTGERS AND CHANGES IN GRANT ADMINISTRATION FOLLOWING UPDATES TO THE MEMORANDUM OF UNDERSTANDING WITH THE UNIVERSITY. A REVISED GIFT TRANSFER PROCESS, INCLUDING A TEMPORARY HOLDING PERIOD, AFFECTED THE TIMING OF EXPENSE RECOGNITION RELATIVE TO REVENUE. RUF NYC LLC 7 COLLEGE AVE NEW BRUNSWICK NJ 08901 822993760 LICENSE NJ 0 0 RUTGERS UNIVERSITY FOUNDATION