TCNJ

39 FOUNDATION HIGHLIGHTS A full set of the audited financial statements may be found online at tcnjfoundation.tcnj.edu. e College of New Jersey Foundation introduced new executive leadership and board members at its meeting on June 15. Allen Silk was elected to serve as chair of the executive board, replacing outgoing chair Jim Gater '71, '80. Silk, a shareholder in the law firm of Stark & Stark, is a long-standing member of the foundation board and a longtime supporter of TCNJ. As past board treasurer and chair of the investment committee, he was responsible for overseeing much of the growth of the college's endowment. "My longtime affiliation with the TCNJ Foundation is because I believe so strongly in its mission and its demonstrated ability to help give young people such a strong start to their academic careers," says Silk. "I'm honored to serve as chair of the foundation board." Most recently, he co-chaired e Campaign for TCNJ, the college's first comprehensive campaign, which concluded on June 30, 2017. "Allen exemplifies outstanding volunteer leadership," says John P. Donohue, executive director of the foundation and vice president for college advancement. "We're excited and grateful to have his guidance over the next several years." e new executive team also includes Vice Chair Kimberly Brandley '90, CPA and partner in CohnReznick's Not-for-Profit Industry Practice. Jim Thoresen, COO and CFO of the power marketing firm SESCO Enterprises, will serve as treasurer. ree new members were elected to the board. Gloria Weissbart '78, senior vice president and treasury management sales consultant with Wells Fargo Bank; Lieutenant Colonel Melvin Sykes '75, retired United States Army; and Spiro Spireas, chairman of the board and CEO of Sigmapharm Laboratories. TCNJ FIVE-YEAR GIVING HISTORY $20M $15M $10M $5M $0M $4.4M $5.9M $15.6M $9.95M $10.3M FY13 FY14 FY15 FY16 FY17* THE COLLEGE OF NEW JERSEY FOUNDATION, INC. ASSETS $45M $20M $40M $15M $35M $10M $30M $5M $25M $40.2M $45.9M $28.5M $33M $40.1M *UNAUDITED 2016 2017* 2013 2014 2015 DISTRIBUTION OF FOUNDATION SUPPORT Expanding access and enhancing the educational experience through philanthropy DISTRIBUTION OF FOUNDATION SUPPORT 2% 4% 4% 19% 71% ACADEMIC AND STUDENT PROGRAMS ATHLETICS SCHOLARSHIPS GENERAL OPERATIONS FACULTY/STAFF DEVELOPMENT FOUNDATION INTRODUCES NEW LEADERSHIP

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