RUTGERS UNIVERSITY FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$150,867,652
Contributions
77%
Other
22%
Investments
<1%
Program Services
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$144,644,902
Grants
73%
Salaries & Benefits
19%
Fees to Service Providers
4%
Other
3%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$178,158,283
$116,665,980
-35%
Government Grants
$0
$0
-
Fundraising Events
$39,700
$41,215
+4%
Program Services
$95,533
$215,118
+125%
Membership Dues
$0
$0
-
Investments
$489,769
$887,886
+81%
Other
$29,852,254
$33,057,453
+11%
Total Revenues
$208,635,539
$150,867,652
-28%
Expenses
2023
2024
Change
Grants
$162,555,279
$105,367,693
-35%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,260,704
$27,010,339
+11%
Fees to Service Providers
$4,980,750
$5,808,651
+17%
Advertising & Promotion
$195,388
$176,850
-9%
Offices, Occupancy & IT
$1,995,421
$1,853,057
-7%
Interest
$17,359
$3,106
-82%
Depreciation
$0
$0
-
Other
$4,137,738
$4,425,206
+7%
Total Expenses
$198,142,639
$144,644,902
-27%
Net income
2023
2024
Change
Net income
+$10,492,900
+$6,222,750
-41%
Functional Expenses
Summary
2023
2024
Change
Program
$181,535,071
$124,103,515
-32%
Admin
$14,256,947
$16,851,199
+18%
Fundraising
$2,350,621
$3,690,188
+57%
Total Expenses
$198,142,639
$144,644,902
-27%
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