PLATINUM2024

Kean University Foundation, Inc.

aka Kean University Foundation   |   Union, NJ   |  www.keanfoundation.org

Mission

The mission of Kean University Foundation is to develop and implement an institution-wide strategy for maximizing private-sector support for Kean University.

Ruling year info

1988

Chief Executive Officer

William H. Miller

Chief Operating Officer

Clarinda Joseph-Cumberbatch

Main address

1000 Morris Avenue

Union, NJ 07083 USA

Show more contact info

EIN

22-2849480

NTEE code info

Private Operating Foundations (T23)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2023, 2022 and 2021.
Register now

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Kean University Foundation To enrich the student experience while maintaining tuition at affordable levels Kean University needs to maximize all non-tuition resources available. Kean University Foundation, in its partnership with Kean University, serves as the generator of private funds and is charged with raising philanthropic support from the private sector – individuals, corporations, and foundations.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Kean University Foundation

The Kean University Foundation raises private funds to support the following:
- Scholarships for promising students;
- Support for existing and new programs;
- Recruitment, retention and development of excellent faculty; and,
- Support for its facilities master plan.

Population(s) Served
Adults
Young adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollars received in contributions

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Average online donation

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Number of new website visitors

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Number of people on the organization's email list

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Number of website pageviews

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of overall donors

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Average number of dollars given by new donors

This metric is no longer tracked.
Totals By Year
Population(s) Served

Young adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Number of first-time donors

This metric is no longer tracked.
Totals By Year
Population(s) Served

Young adults

Related Program

Kean University Foundation

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Each year, the foundation seeks to raise increased year over year philanthropic support. During the 2020-21 Academic year, the Kean University Foundation seeks to secure $5,500,000 in philanthropic support to the students, faculty, and academic programs of Kean University. Enriching the educational experience for all students pursuing their undergraduate and graduate degrees.

Kean University Foundation’s fundraising strategies include current and deferred gifts from Board members, faculty and staff, alumni, and friends; corporate and foundation gifts and grants; and an annual giving program including direct mail targeting all private-sector sources. We seek support for current general operations, scholarships, and academic programs, as well as endowed gifts to aid Kean University in perpetuity.

Paralleling higher education philanthropy in general, Kean University Foundation’s staff is skewed towards securing major gifts from individuals, corporations, and foundations. To that end, the staff is currently composed of eight which includes frontline fundraising positions in Annual Fund, Major Gifts, Planned Gifts, and Corporate and Foundation Relations.

Over the past ten years, the foundation has secured an average of $4,226,349 from 2,489 gifts. This includes receipt in the prior two academic years two of the largest gifts ($2,500,000 and $7,000,000 respectively) in the Foundations 36-year history.

The Kean University Foundation celebrates a 78% revenue growth (year over year) with a 24% donor increase in tandem. Over the last five years, more than 9,00 individual donors contributing over $22,200,000.00.

Financials

Kean University Foundation, Inc.
lock

Unlock financial insights by subscribing to our monthly plan.

Subscribe

Unlock nonprofit financial insights that will help you make more informed decisions. Try our monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights?
Learn more about GuideStar Pro.

Operations

The people, governance practices, and partners that make the organization tick.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Kean University Foundation, Inc.

Board of directors
as of 05/20/2024
SOURCE: Self-reported by organization
Board co-chair

William E. Loehning

Fidelity Investments (Ret.)

Term: 2022 -


Board co-chair

Maria Bordas

Port Authority of NY & NJ ( Retired)

Term: 2018 -

Anthony Giordano, III

Linda D. Tuma

Donald E. Brady

Patricia Dulinski

Edward A. Esposito

James K. Estabrook

James G. Hynes

Diane G. Miron

Henry Rinder

Scott Schober

Barbara S. Sobel

Gerald Tarantolo

Arthur Williams

Steve Fastook

John Turner

Brian Murphy

Marlon Mathews

Mark S. Hiltwein

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 5/20/2024
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

The organization's co-leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 09/02/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.