Name: Rutgers, the State University of New Jersey
Assets Under Management: $820.2 Million (Source: Rutgers, the State University of New Jersey on 6/1/2014)
Annual Report: Rutgers University Financial Statement FY 2014
Portfolio Insights: “The university’s financial condition at June 30, 2014 remained stable with net position increasing by 2.3% or $68.2 million. The university’s total operating revenues amounted to $2,305.8 million in fiscal 2014. The major components of operating revenues are student tuition and fees (net of scholarship allowances) of $820.2 million, grant and contracts revenues of $579.7 million, and net patient services revenues of $487.6 million.
As the State University of New Jersey, the appropriation from the State represents a vital part of the university’s funding. In fiscal 2014, the State maintained the base appropriation constant with an additional appropriation from the Department of Health of $10 million for the Rutgers Cancer Institute of New Jersey (CINJ). Tuition revenue is another significant source of funding for the university. In fiscal 2014, in addition to an increase in tuition rates averaging 3.4%, enrollment was at its highest with 65,512 students. State appropriations, as well as contributions, investment income, and governmental student aid, are shown as nonoperating revenue.” (Source)
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Top Rutgers, the State University of New Jersey Endowment Fund Headlines:
1) The global co-head of the Securities Division at Goldman Sachs Group is giving $1.5 million to Rutgers, the State University of New Jersey, to fund need-based scholarships for New Jersey high-school students. The gift to his alma mater is part of a seven-year, $1 billion fund-raising campaign that the school publicly announced last week to help boost its endowment, fund the increasing need for scholarship money, redevelop its Livingston campus and more than double the number of endowed chairs to attract and retain faculty.
“Private capital has to play a more significant role in helping towns and states provide education to students in need, particularly at an institution like Rutgers,” says Mr. Schwartz, who graduated from the university in 1987 and received an MBA from Columbia University. (Source)
2) Rutgers, The State University of New Jersey, coeducational state institution of higher learning in New Jersey, U.S. Rutgers was founded as private Queens College by the Dutch Reformed Church in 1766. The college struggled to survive in the years after the American Revolution and was closed several times in the early 1800s. It was renamed Rutgers College in 1825 (for the philanthropist Colonel Henry Rutgers) and became, after the Morrill Act of 1862, New Jersey’s land-grant college in 1864, assuming university status in 1924. In 1945 the state legislature extended the name State University of New Jersey to all colleges and divisions of the institution. (Source)
3) The Brodsky Center is housed in the Mason Gross School of the Arts at Rutgers, The State University of New Jersey, a major research institution. Innovation and education are integral to its mission. Students from high school age to post graduates are exposed to the most current art practice and processes through classes, lectures, internships, school visits and regular exhibitions. (Source)
4) Rutgers, The State University of New Jersey, is a leading national research university and the state’s preeminent, comprehensive public institution of higher education. Rutgers is dedicated to teaching that meets the highest standards of excellence; to conducting research that breaks new ground; and to providing services, solutions, and clinical care that help individuals and the local, national, and global communities where they live.
Founded in 1766, Rutgers teaches across the full educational spectrum: preschool to precollege; undergraduate to graduate; postdoctoral fellowships to residencies; and continuing education for professional and personal advancement.
Rutgers has four campuses that serve approximately 65,000 undergraduate, graduate, and professional students. The university’s four campuses offer instruction by distinguished faculty in 175 academic departments and Rutgers is widely regarded as one of the top public university systems in the world. (Source)
5) Rutgers, The State University of New Jersey, has a large presence in the city including the Rutgers University-Newark (RU-N) campus, the Rutgers Health Sciences campus and the honors programs offered at the Newark College of Arts & Sciences. RU-N boasts a campus of 38 acres housing 33 buildings and four libraries, where students choose from more than 40 undergraduate majors and 50 graduate programs. Following the Rutgers reputation as a public research university, RU-N researchers investigate challenges ranging from medicine to information technology. (Source)