2026-03-30T11:00:19-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2024-07-01 223160107 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION INC WILL 9737202615 300 POMPTON ROAD WAYNE NJ 07470 SANDRA DIAZ PRESIDENT 9737202425 2026-03-30 1 1 GARRETT M HIGGINS P00543209 2017129800 2026-03-23 2024 2025-03-06 01:10:19Z SANDRA DIAZ 300 POMPTON ROAD WAYNE NJ 07470 16909842 0 X WWW.WPUNJ.EDU/GIVING X 1992 NJ 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. 22 22 0 23 0 0 3386126 4135656 0 0 2021338 2964251 66712 -11617 5474176 7088290 2388831 2752410 0 0 0 0 0 0 2241 249254 492523 2638085 3244933 2836091 3843357 54319010 59627843 2400697 898834 51918313 58729009 X 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. 0 0 1492596 1485465 0 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. 1272424 1266945 0 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. 2765020 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CA DC FL HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA SC TN UT VA WV WI X X YVETTE VIERA VILLANUEVA 9737203221 300 POMPTON ROAD WAYNE NJ 07470 AARON VAN DUYNE III CHAIR 0.50 X X 0 0 0 LAUREN LOCKER VICE CHAIR 0.50 X X 0 0 0 LINDA A NIRO TREASURER 0.50 X X 0 0 0 JENNIFER MAZAWEY ESQ SECRETARY 0.50 X X 0 0 0 RAFAEL CUELLAR BOARD MEMBER 0.50 X 0 0 0 DOMENICO DI MAIO BOARD MEMBER 0.50 X 0 0 0 JOSEPH DOURESS BOARD MEMBER 0.50 X 0 0 0 BILL DUFFY BOARD MEMBER 0.50 X 0 0 0 MICHAEL FITZGERALD BOARD MEMBER 0.50 X 0 0 0 MICHELE GARCIA BOARD MEMBER 0.50 X 0 0 0 ALLAN GORAB BOARD MEMBER 0.50 X 0 0 0 FREDERICK GRUEL BOARD MEMBER 0.50 X 0 0 0 RICHARD HELLDOBLER BOARD MEMBER 0.50 X 0 0 0 CONSTANTINE LENAS BOARD MEMBER 0.50 X 0 0 0 KIRSTEN LOEWRIGKEIT BOARD MEMBER 0.50 X 0 0 0 RICHARD MILLER BOARD MEMBER 0.50 X 0 0 0 JAMES NALL BOARD MEMBER 0.50 X 0 0 0 GARY NAZARE BOARD MEMBER 0.50 X 0 0 0 FUNKE OLAYINKA MD BOARD MEMBER 0.50 X 0 0 0 MARY KAY SCUCCI BOARD MEMBER 0.50 X 0 0 0 FREDRIC SIROTA BOARD MEMBER 0.50 X 0 0 0 BRIAN WOOD BOARD MEMBER 0.50 X 0 0 0 PAMELA L FERGUSON PRESIDENT 14.00 X 105141 0 19392 105141 0 19392 1 0 0 1 GOLDMAN SACHS & CO 1735 MARKET STREET PHILADELPHIA PA 19103 INVESTMENT MANAGEMENT FEES 201257 1 203924 3931732 360456 4135656 1386347 1386347 11297992 9720088 1577904 1577904 1577904 77955 203924 101334 -23379 -23379 2825 130 2695 2695 MISCELLANEOUS INCOME 900099 9067 9067 9067 7088290 0 0 2952634 1266945 1266945 1485465 1485465 32850 32850 200069 200069 4071 4071 783 783 34318 9917 22160 2241 28 28 5568 5568 ALLOCATED SALARIES 204537 204537 RECEPTIONS & PRIZES 6716 2613 4103 MISCELLANEOUS EXPENSES 3583 80 3503 3244933 2765020 477672 2241 4979 4979 7186094 6520926 1046133 894078 2459 3109 46000752 52104452 78593 100299 54319010 59627843 38771 216609 2102131 531619 2350 600 257445 150006 2400697 898834 X 9775451 11147370 42142862 47581639 51918313 58729009 54319010 59627843 X 3843357 3221839 -254500 X X 0 1 X 1 0 X 1761329 3271953 3237877 3386126 4135656 15792941 1761329 3271953 3237877 3386126 4135656 15792941 2310313 13482628 375814 800239 730390 1018497 1386347 4311287 17312 99800 9067 126179 20230407 0.66650 0.69060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37237194 2131525 4910968 1146579 43133108 31635695 1875738 4454882 729121 37237194 27438887 2195046 2863454 861692 31635695 30526817 1420535 -3816233 692232 27438887 19262099 6963924 4904183 603389 30526817 0.13700 0.58698 0.27602 0 0 0 ANNUITIES PAYABLE 150006 150006 X 11552757 3221839 1341233 101464 4664536 6888221 200069 200069 7088290 4742061 1341233 355964 1697197 3044864 200069 200069 3244933 PART V, LINE 4: THE FOUNDATION CURRENTLY MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED ENDOWMENT FUNDS WHOSE PURPOSES ARE TO PROVIDE LONG TERM SUPPORT FOR THE PROGRAMS OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE YEAR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES NETTED AGAINST PART VIII REVENUE 101,464. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF BAD DEBT EXPENSE 254,500. SPECIAL EVENTS EXPENSES NETTED AGAINST PART VIII REVENUE 101,464. LEGACY AWARDS DINNER 156529 125849 30680 34485 5067 GOLF OUTING 125350 78075 47275 48355 2500 10927 281879 203924 77955 82840 2500 15994 101334 -23379 1 WILLIAM PATERSON UNIVERSITY OF NEW JERSEY 300 POMPTON ROAD WAYNE NJ 07470 222781603 NEW JERSEY 1122096 144849 FMV MUSICAL INSTRUMENTS AND ITEMS FROM FUNDRAISING EVENTS PROVIDE ASSISTANCE TO THE UNIVERSITY FOR STUDENT SUPPORT/EDUCATIONAL PURPOSES. 1 0 SCHOLARSHIPS 750 1485465 PART I, LINE 2: THE FOUNDATION NOTIFIES THE GRANTS OFFICE WITHIN THE OFFICE OF THE CONTROLLER WHEN GRANT CONTRIBUTIONS ARE RECEIVED. POST-AWARD GRANTS ACCOUNTING, FINANCIAL REPORTING, AND COMPLIANCE ARE MANAGED WITHIN THE OFFICE OF THE CONTROLLER. PRINCIPAL INVESTIGATORS MONITOR GRANT ACTIVITY VIA THE WORKDAY GRANT SUMMARY LEDGER REPORTS. THE REPORTS INCLUDE EACH GRANT'S BUDGET, THE INCEPTION-TO-DATE EXPENDITURES, AND AVAILABLE BALANCE OF THE GRANT TO BE SPENT. THESE REPORTS CAN BE ACCESSED ANY TIME BY THE PRINCIPAL INVESTIGATOR (PI) OR AN AUTHORIZED GRANT ADMINISTRATOR. THE SCHOLARSHIP COMMITTEE OF THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION IN CONJUNCTION WITH THE GRANT COMMITTEE OF WILLIAM PATERSON UNIVERSITY OF NEW JERSEY ALUMNI ASSOCIATION JOINTLY MEET TO DISCUSS AND DETERMINE THE RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS TO BE AWARDED DURING THE ORGANIZATIONS' TAX YEAR. FOR THE TAX YEAR ENDING 6/30/2025, APPROXIMATELY 750 SCHOLARSHIPS AND FELLOWSHIPS IN THE AMOUNT OF APPROXIMATELY $1,485,465 WERE AWARDED BY THE FOUNDATION. THE FOUNDATION MAINTAINS DETAILED RECORDS WHICH SUBSTANTIATE THE EXPENDITURES OF THE FOUNDATION. ALSO, MANAGEMENT OF THE FOUNDATION INTERACTS EXTENSIVELY WITH THE UNIVERSITY TO MONITOR THE USE OF THESE FUNDS. 0 0 0 0 0 0 0 0 0 PAMELA L FERGUSON PRESIDENT 99914 0 0 0 5227 0 8289 0 11103 0 124533 0 0 0 PART I, LINE 5 PAMELA FERGUSON, PRESIDENT, IS EMPLOYED AND COMPENSATED BY WILLIAM PATERSON UNIVERSITY OF NEW JERSEY, AN UNRELATED ORGANIZATION. SHE DEVOTES 40% OF HER TIME TO THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 40% OF HER COMPENSATION ALLOCATED TO THE FOUNDATION ($124,533). X 1 3500 COST X 15 COST X 4522 COST X 6 205148 AVG SELLING PRICE X 3 466 COST X INSTRUMENTS 2 130480 COST X GIFTS 6 10459 COST X GIFT CERTIFICATES 2 5866 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY THE ASSISTANT VP OF FINANCE, OPERATIONS AND ADVANCEMENT SERVICES, THE UNIVERSITY'S FOUNDATION ACCOUNTANT, AND FINALLY, THE AUDIT COMMITTEE. BEFORE IT IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATIONS' GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE COMPLIANCE OFFICER OR COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED BEFORE THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY FOUNDATION, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: WRITE OFF OF BAD DEBT EXPENSE -254,500. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE MONITORS THE FINANCIAL ACCOUNTING AND REPORTING SYSTEMS AND INTERNAL CONTROLS APPLICABLE TO FINANCIAL REPORTING AND COMPLIANCE WITH TAX REGULATIONS. IT APPOINTS THE INDEPENDENT AUDITORS THAT CONDUCT THE ANNUAL AUDIT OF FINANCIAL STATEMENTS IN ACCORDANCE WITH GENERALLY ACCEPTED AUDITING STANDARDS. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR REVIEWING THE 990 FORM. THIS PROCESS HAS NOT CHANGED FROM THE PROCESS FOLLOWED IN THE PRIOR TAX YEAR.