Montclair State University Foundation Inc

The foundation manages in excess of 250 funds established to award scholarships for the student population of montclair state university. Scholarship funds are available to students based on need or merit. Additionally, such funds permit the award to students at the admissions level and/or are restricted to a specific college/school, department, major or other defined criteria. Funding towards scholarships is generated from individuals, corporations, private foundations, events and other sources. Funds may be temporarily restricted or permanently restricted (endowed) based on donor intent. The foundation, in serving the needs of montclair state university, acknowledges that one of the top priorities for fundraising stems from the need to meet the challenges regarding the cost of education for today's students. The foundation focuses on both short-term and long-term needs, factoring increasing student enrollment, the economy, state funding to the university, and long range growth plans of the university; among other factors. Scholarship awards continue to increase and for fiscal 2024 in excess of 1,500 awards were made to both need and merit based students.

The foundation manages an annual event which is designed to increase donor connectivity, awareness of the needs of the university and the foundation, and to fulfill the mission of academic excellence. The event enables the foundation to provide resources for much needed support to university student-athletes as they balance their athletic commitments with educational priorities. For fiscal 2024 the net proceeds of the golf outing were used in continued support of virtual broadcasting capabilities for all sporting events in a social media environment.