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Revised June 2020
Vision To be a preeminent public polytechnic research university with local and global impact.
Mission NJIT, the state’s public polytechnic research university, is committed to excellence and global impact through:
• Education—preparing diverse students for positions of leadership as professionals and as citizensthrough innovative curricula, committed faculty, and expansive learning opportunities
• Research—advancing knowledge to address issues of local, national, and global importance withan emphasis on high impact basic, applied, and transdisciplinary scholarship
• Economic development—anticipating the needs of business, government, and civic organizationsto foster growth, innovation, and entrepreneurship
• Engagement—applying our expertise to build partnerships, serve our community, and benefitsociety as a whole
These four elements guide NJIT in contributing solutions for the grand challenges of the future and improving the quality of life today.
Core Values Our core values reflect our beliefs, guide our behavior, shape our culture, and in so doing establish a sense of community, common purpose, and student focus.
Excellence We innovate in the pursuit of excellence in all that we do and continue to improve in order to meet and sustain the highest standards of performance.
Integrity We are honest and ethical in all we do, keep our promises, and acknowledge our mistakes.
Civility We treat each other with respect and with dignity.
Sustainability We develop responsibly and respect the needs of future generations.
Social Responsibility We pride ourselves on engagement and partnerships to enhance the communities in which we live.
Diversity We celebrate the inclusiveness of our university community and are sensitive to cultural and personal differences. We do not tolerate discrimination in any form.
Communication We strive to share information and understand each other’s perspectives
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NEW JERSEY INSTITUTE OF TECHNOLOGY BOARD OF TRUSTEES
PUBLIC SESSION July 22, 2021
4:00 PM
Call to Order Attendance/Quorum
I. Notice of Meeting to Public (Statement to be read by the Chair, a requirement of the NJ Open PublicMeeting Act) [Pg. 4]
II. Minutes (Approve minutes of the June 10, 2021 meeting of the Board of Trustees) [Pg. 6]
III. Public Comments
IV. Action ItemsA. Approve Election of OfficersB. Approve Resolution to Adopt FY 22 Operating & Capital Budget [Pg. 12]C. Approve Resolution to Adopt FY22 Tuition & Fees [Pg. 15]D. Approve Resolution Honoring Peter A. Cistaro ’68 [Pg. 22]E. Approve Resolution to Authorize a Grant Between New Jersey Institute of
Technology and the State of New Jersey By and for the Department of Law and PublicSafety Grant Identifier BFY21-100-066-1020-495 [Pg. 24]
V. Reports (All Reports in the Book, No Presentations)A. President’s Report (J. Bloom)
• Debrief of Campus Meeting & Tour with Secretary Brian Bridges, June 15, 2021[Pg. 27]• State Legislated Higher Education Funding Formula, meeting with legislators and
Gov. T. Kean (NJIT-“A Gold-Plated Argument for Increased Funding.”) [Pg. 36]B. Report of FY21 Fundraising Progress to Date (K. Alexo) [Pg. 41]C. Monthly Financial Status Report as of May 31, 2021 [Pg. 52]D. Report of Clery Crime Data (A. Christ) [Pg. 58]E. Report of Upcoming Calendar of Events (R. Cohen) [Pg. 64]
VI. Announcement of Next Meeting [Pg. 67]
Chair to read resolution regarding Closed Session to discuss Personnel, Legal, Real Estate and Contract Matters to be held on Thursday, September 23, 2021, 2:00 PM, Campus Center Atrium, NJIT*.
Announce next public meeting: Thursday, September 23, 2021, 4:00 PM, Campus Center Atrium, NJIT *.
*subject to Board ratification
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I. Notice of Meeting to Public (Statement to be read by theChair, a requirement of the NJ Open Public Meeting Act)
3
1
BOARD OF TRUSTEES
STATEMENT TO BE READ AT THE OPENING OF EACH
MEETING OF THE BOARD OF TRUSTEES
------------------------------------------------------------------------------------
“NOTICE OF THIS MEETING WAS PROVIDED TO THE PUBLIC AS REQUIRED BY THE
NEW JERSEY PUBLIC MEETING ACT, WHICH WAS MAILED AND SENT
ELECTRONICALLY TO THE STAR LEDGER, THE HERALD NEWS, AND THE VECTOR
ON JULY 7, 2021 AND POSTED ON THE UNIVERSITY WEBSITE. THIS SCHEDULE
WAS ALSO MAILED AND SENT ELECTRONICALLY TO THE COUNTY CLERK ON
JULY 7, 2021 FOR FILING WITH THAT OFFICE AND POSTING IN SUCH PUBLIC
PLACE AS DESIGNATED BY SAID CLERK.”
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1
NEW JERSEY INSTITUTE OF TECHNOLOGY BOARD OF TRUSTEES
MINUTES OF PUBLIC MEETING JUNE 10, 2021 (DRAFT)
The meeting was called to order by Chair Cohen at 11:00 a.m. in the Campus Center, Atrium. In attendance were: Chair Cohen, Vice-Chairs Clayton, DeNichilo, and Montalto and Board Members Baynes, Cistaro, Dahms, Hu, Maser, Stamatis and Toft. Absent: Board Member Taylor.
Senior Administration Present: In attendance were President Bloom, Provost and Sr. Executive Vice President Deek, Sr. Vice President and Treasurer Bishof, Sr. Vice President Christ, Vice Presidents Alexo, Boger, McLeod and Nynens, Chief Strategy Officer Golden and Vice President, Chief External Affairs Officer Garretson and Secretary Stern (all in person).
1. In accordance with the New Jersey Open Public Meetings Act, Chair Cohen read thefollowing statement:
“Notice of this Meeting was provided to the public as required by the New Jersey Open Public Meeting Act, in the Schedule of Meeting Dates of the Board of Trustees of the New Jersey Institute of Technology which was sent electronically to the Star Ledger, the Herald News and the Vector on June 3, 2021, and posted on the University website on June 3, 2021 for filing with that office and posting in such public place as designated by said Clerk.”
2. Public Comments:
Secretary Stern noted that there was no one from the public registered to speak.
3. By a motion duly made by Mr. Dahms, seconded by Ms. Clayton and unanimously approved,the Board approved the public minutes of the meeting of April 1, 2021.
4. BY A MOTION DULY MADE BY MR.CISTARO, SECONDED BY MR. MASER ANDUNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTION FORPROMOTION AND TENURE.
5. BY A MOTION DULY MADE BY DR. BAYNES, SECONDED BY MS. CLAYTON ANDUNANIMOUSLY APPROVED the BOARD voted to adopt the RESOLUTION FOR MS INBIOLOGY OF HEALTH.
6. BY A MOTION DULY MADE BY MR. STAMATIS, SECONDED BY MS. MONTALTOAND UNANIMOUSLY APPROVED the BOARD voted to adopt the RESOLUTION FOR ANEW DEPARTMENT IN DATA SCIENCE.
7. BY A MOTION DULY MADE BY MR. CISTARO, SECONDED BY MR. DeNICHILOAND UNANIMOUSLY APPROVED the BOARD voted to adopt the RESOLUTION FORELECTRICITY AND NATURAL GAS.
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8. BY A MOTION DULY MADE BY MR. DAHMS, SECONDED BY MR. CISTARO ANDUNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTIONRECOGNIZING EDWARD BISHOF FOR YEARS OF SERVICE TO NJIT.
9. President’s Report: Dr. Bloom expressed his gratitude that we are in a much better place atthis point in time; the school has worked its way through the pandemic while maintaining thequality of education. He thanked the faculty, administrators and staff for their efforts in gettingus where we are today. Dr. Bloom also discussed the NJIT Venture Capital fund, referencingthe materials in the Board book at pages 34-35. This effort is to catalyze and accelerate astronger NJIT entrepreneurial community, and will increase our commercial and licensingcapacity of university generated intellectual property. Dr. Bloom also announced thepromotion of Dean Marybeth Boger to Vice President of Student Affair & Dean of Students,describing the evolution of the title and her role. The Board offered their congratulations toDr. Boger. Dr. Bloom also provided an update on the status of the NJIT-Tatweer Initiative,referencing the Q-and-A, organizational chart, and artistic renderings in the Board materialsand invited discussion. He gave a recap of our efforts, noting that the Middle East and Africaare most willing to host branch campuses. The vision began in 2017 with Dr. Deek’s visit toEgypt in 2017, although the educational model is different today. There has been a lot of goodwork on this, through the Provost and the Deans, Mr. Christ, Mr. Bishof, and Mr. McLeod inworking with Tatweer-Misr to finalize an agreement to open a branch campus. The FacultySenate has convened an ad hoc committee chaired by Dr. Ian Gatley to review the plan, andask for an endorsement of the Faculty Senate. We will continue to keep the Board apprised aswe make progress. Chair Cohen asked that we keep this on future Board agendas for updates.Dr. Bloom reported that construction is now underway at Bloomfields, the site of his visit inMarch of this year.
10. Report from NJII: Vice President Nynens gave a report to the Board on NJII, which wasformed to build on the assets of NJIT. NJII is a non-profit corporation, while the HighlanderFactory, a subsidiary, is 100% for-profit. NJII’s 2021 goals are to create clear valuepropositions, drive internal excellence in operations and enhance financial performance. Hediscussed the six divisions and their purposes. These include Healthcare, Professional andCorporate Education, Entrepreneurship, Defense and Homeland Security, Biopharma, andData and Technology. The six departments include: Accounting and Finance, Legal,Marketing and Business Development, Information Technology, Human Resources andOperations. The materials outlined the achievements towards the above goals. NJII has 600students enrolled in Hacker U, which they are expanding and are currently training all internsat Prudential, as well as working much closer with corporations. The Defense & HomelandSecurity division is working on body-worn cameras, and work out of Picatinny Arsenal. TheBiopharma Division has generated enormous interest, and they are considering setting it up asfor-profit, while NJII will continue to keep an equity share. Their capacity is fully booked asof Monday. Mr. Nynens reviewed the work of the supporting divisions, which can be absorbedinto these companies. He is extremely proud of the team who worked long hours to get thisdone. At Venture Link, they are at 84% capacity. They have maintained strict policies interms of COVID safety during this time. They also worked to enhance financial performance,securing a major PPP loan, although it may not be received this year. Their goal is “climbinghigher together”, working with an enormously diverse team. Chair Cohen asked about the
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three top wins. Mr. Nynens replied that these would be (1) healthcare grants, working closely with the Department of Health and adding to the team, while delivering on milestones and engaging in public service efforts such as homelessness contact tracing (2) the Biopharma division, with tremendous help from Mr. Christ’s team, and working their way through regulatory approvals, with 40% of NJII’s employees, and (3) transparency and working with NJIT. The value lies in $22 million of Department of Health funding; next year they anticipate $35 million in funding. This rolls in a part of NJIT’s overall strength in terms of R-1 funding.
11. Report of FY 21 Fundraising Progress to Date: Vice President Alexo gave a report onfundraising as of May 1st, referencing the materials at p. 85 of the Board materials. The monthof May was record-setting, with $9.3 million in new gifts and pledges, putting us over our goalof $18 million this year. We have achieved a new record of single year performance, and thereis an outside chance we will hit $20 million this year. We are very pleased with this success,and while there are still other goals, we are ahead in all categories.
12. Monthly Financial Status Report as of April 30th, 2021: Treasurer Bishof reported that thefinancial status is positive, and we will end FY 21 with $5.2 million in surplus, which will bebuilt in to the 2021 budget. We had a cash balance of $168 million at the end of May, thehighest in NJIT’s history. We have managed the endowment well, and the value of ourportfolio has increased to $158 million.
13. Report of Clery Crime Data: Vice President Christ explained that we are changing the formatthat we are presenting our Clery crime statistics to encompass a larger reporting period, tomore accurately reflect the overall crime rate that was reduced during the height of COVIDand the reduced campus population. Otherwise the data reflects that there is no significantimpact.
14. Report of Upcoming Calendar of Events: Chair Cohen called the Board’s attention to theupcoming Calendar of Events, encouraging attendance.
15. Chair Cohen announced that the next regularly scheduled Closed Session, will be convene onJuly 22, 2021 at 2:00 p.m. to discuss personnel, real estate, legal and contractual matters. Thefollowing resolution was read and approved by all Trustees present:
WHEREAS, there are matters that require consideration by the Board of Trustees that qualify under the Open Public Meetings Act for discussion at a Closed Session;
NOW THEREFORE, BE IT RESOLVED, that the Board of Trustees shall have a Closed Session to discuss matters involving personnel, real estate, legal and contractual matters on Thursday, July 22, 2021 at 2:00 p.m.
The next regularly scheduled Public Session of the Board will take place on Thursday, July 22, 2021 at 4:00 p.m.
16. The Public Session was adjourned at noon.
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STATEMENT
RESOLUTION TO ADOPT FY 2022 ANNUAL OPERATING AND CAPITAL BUDGETS
The administration has carefully developed Operating and Capital Budgets for FY 2022, examining revenue and expense options. The budget was developed in an iterative, transparent, and consultative process including updates to the university community, a public hearing on 7/14/21, and periodic updates to the Executive and Audit and Finance Committees of the Board of Trustees.
The FY22 operating budget is a balanced budget and provides for the allocation of available resources consistent with the university’s strategic plan, NJIT 2025 “Building on a Strong Foundation”.
The currently authorized spending limit to a single vendor during FY 2022, without further Board approval is currently $1,000,000. This authorized spending limit covers the three categories of expenditure within the approved operating budget e.g. operating budget, capital budget, and restricted funds budget.
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NEW JERSEY INSTITUTE OF TECHNOLOGY RESOLUTION TO ADOPT FY 2022 ANNUAL OPERATING AND CAPITAL
BUDGETS
WHEREAS, the administration has developed balanced Operating and Capital Budgets, and
WHEREAS, the administration has presented said Budgets to the Audit and Finance, Buildings and Grounds, and Executive Committees, and
WHEREAS, said Committees of the Board have reviewed same and recommend acceptance of the administration’s proposed Budgets, and
WHEREAS, the Board of Trustees have set the FY 2022 Schedule of Tuition and Fees, and
WHEREAS, the recommended spending limits from the Budgets to single vendors during the fiscal year without further Board approval, in accordance with the University Purchasing Policies, are established to provide fiscal control and promote fair and reasonable contracting practices, and
NOW, THEREFORE BE IT RESOLVED, that the Board of Trustees adopts the annual FY 2022 Operating and Capital Budgets, and
BE IT FURTHER RESOLVED, that the administration’s authorized spending limits within the approved operating budget to a single vendor during the fiscal year without further Board approval, and subject to University Purchasing Policies is $1,000,000.
July 22, 2021 Board Resolution No.
Holly C. Stern, Esq. General Counsel/Vice President of Legal Affairs and Secretary to the Board of Trustees New Jersey Institute of Technology
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STATEMENTSCHEDULE OF TUITION AND FEES
The proposed Schedule of Tuition and Fees for FY 2022 has been carefully reviewed and has been the subject of a public hearing as required by Law.
Shown below are the FY 2021 approved and FY 2022 proposed per semester tuition and mandatory fees for full-time, in-state undergraduates attending NJIT, which results in a 1.94% increase.
UNDERGRADUATE IN-STATEFULL - TIME, PER SEMESTER
Total TotalFY21 Approved FY22 Proposed $ ∆ % ∆
Tuition Fees Total Tuition Fees TotalNJIT 7,224$ 1,613$ 8,837$ 7,395$ 1,613$ 9,008$ 171$ 1.94%
For comparison purposes, the Rutgers Engineering undergraduate, in-State tuition and fee rates per semester are displayed below:
Total TotalFY21 Approved FY22 Proposed $ ∆ % ∆
Tuition Fees Total Tuition Fees TotalRutgersEngineering 7,002$ 1,624$ 8,626$ TBD TBD -$
A resolution to adopt the proposed Schedule of Tuition and Fees has been prepared for your consideration.
Exhibit A, attached to this statement, compares the FY2021 Board approved rates to the proposed FY2022 rates.
Attachment A of the Board of Trustees FY2022 Tuition and Fees resolution reflects a complete list of proposedFY 2022 Tuition and Fees.
115
EXHIBIT ASummary Change - In-State Full Time Undergraduate
FY 2021 FY 2022Approved Proposed AMOUNT PERCENT
Full-Time Per Semester Tuition $ 7,224 $ 7,395 $ 171 2.37% Full-Time Per Semester Fees $ 1,613 $ 1,613 $ - 0.00% Full-Time Per Semester Tuition and Fees 8,837$ 9,008$ 171$ 1.94%
Complete Schedule of Mandatory Tuition and Fees
FY 2021 FY 2022TUITION Approved Proposed AMOUNT PERCENT
UndergraduateIn-State
Full-Time Per Semester $ 7,224 $ 7,395 $ 171 2.37%Part-Time Per Credit $ 549 $ 563 $ 14 2.55%
Out-Of-State Full-Time Per Semester $ 15,080 $ 15,404 $ 324 2.15%Part-Time Per Credit $ 1,289 $ 1,318 $ 29 2.25%
Graduate In-State
Full-Time Per Semester $ 10,312 $ 10,671 $ 359 3.48%Part-Time Per Credit $ 1,122 $ 1,161 $ 39 3.48%
Out-Of-State Full-Time Per Semester $ 15,270 $ 15,778 $ 508 3.33%Part-Time Per Credit $ 1,613 $ 1,667 $ 54 3.35%
Doctoral (PHD) In-State
Full-Time Per Semester $ 11,870 $ 12,229 $ 359 3.02%Part-Time Per Credit $ 1,306 $ 1,345 $ 39 2.99%
Out-Of-State Full-Time Per Semester $ 16,828 $ 17,336 $ 508 3.02%Part-Time Per Credit $ 1,797 $ 1,851 $ 54 3.01%
MANDATORY FEES – Per Semester
Full-Time (12 or More Credits) University Fee $ 1,558 $ 1,558 $ - 0.00% Undergraduate Student Senate - Activities Fee $ 55 $ 55 $ - 0.00% Graduate Student Association - Activities Fee $ 44 $ 44 $ - 0.00% TOTAL UNDERGRADUATE $ 1,613 $ 1,613 $ - 0.00% TOTAL GRADUATE $ 1,602 $ 1,602 $ - 0.00% TOTAL DOCTORAL $ 44 $ 44 $ - 0.00%
Part-Time Per Credit: University Fee $ 184 $ 184 $ - 0.00% Undergraduate Student Senate - Activities Fee $ 6 $ 6 $ - 0.00% Graduate Student Association - Activities Fee $ 5 $ 5 $ - 0.00% TOTAL UNDERGRADUATE PER $ 190 $ 190 $ - 0.00% TOTAL GRADUATE PER CREDIT $ 189 $ 189 $ - 0.00% TOTAL DOCTORAL PER CREDIT $ 5 $ 5 $ - 0.00%
NEW JERSEY INSTITUTE OF TECHNOLOGYSchedule of Tuition & Fees
DIFFERENCE
From FY21 ApprovedDIFFERENCE
From FY21 Approved
216
EXHIBIT A (Continued)
UNDERGRADUATE GRADUATEPER OCCURRENCE FEES
FY 2021 FY 2022 FY 2021 FY 2022Approved Proposed Approved Proposed
Application/Re-admission/Non-Matriculation $75 $75 $75 $75Late Registration 100 100 100 100Late Payment Penalty 500 500 500 500Payment Plan Set-up 100 100 100 100Payment Plan Late Fee 100 100 100 100Thesis N/A N/A 75 75Dissertation N/A N/A 100 100Maintaining Registration 25 25 50 50Matriculation (1) 160 160 160 160Commencement 120 120 120 120Parking
ꞏ Part-time Commuter- less than 12 credits (per semester) 182 182 182 182ꞏ Full-time Commuter - 12 credits or greater (per semester) 325 325 325 325ꞏ On- Campus Resident (per semester) 490 490 490 490
Health Insurance (2) * 1,610 1,730 1,610 1,730International Student Fee (per semester) 125 125 125 125Optional Practical Training Application Fee 200 200 200 200First Year Student Fee 230 230 N/A N/ATransfer Student Orientation 30 30 N/A N/AID Card Replacement 25 25 25 25E-Transcript 7 7 7 7
* Indicates change from previous year
(2) Health Insurance:
NJIT requires all domestic undergraduate students carrying 12 or more credits, domestic graduate students carrying 9 or more credit hours, and all F1/J1 holding students carrying 1 or more credit hours have health insurance that is compliant with the Patient Protection and the Affordable Care Act (PPACA) legislation. If a student cannot demonstrate that they have insurance they must purchase the insurance from a program offered by NJIT.
Domestic Undergraduate and Masters level students carrying at least 3 credits and Doctoral students carrying at least 1 Doctoral Dissertation credit can voluntarily participate in student health plan.
NEW JERSEY INSTITUTE OF TECHNOLOGYSchedule of Tuition & Fees
(1) Matriculation: A one-time matriculation fee will be assessed to all new matriculating students (full or part-time) beginning with their firstregistration (fall 2014 semester). Students assessed this fee would not be assessed the commencement fee once they apply for graduation. Thecommencement fee will be assessed to all students who had been previously registered prior to fall 2014 semester.
317
WHEREAS, after review of the FY 2022 Budget
WHEREAS, the FY 2022 Schedule of Tuition and Fees has been reviewed and increasesrecommended, and
WHEREAS, pursuant to law, there has been a Public Hearing on the subject of the FY 2022 Tuition and Fees Schedule, and
WHEREAS, for full time In-State undergraduate students, the per semester tuition and fee increaseis $171, resulting in a 1.94% increase, and
WHEREAS, the complete FY 2022 Schedule of Tuition and Fees is shown on Attachment A.
NOW, THEREFORE, BE IT RESOLVED that the Board of Trustees sets the FY 2022 Scheduleof Tuition and Fees as shown on Attachment A.
Holly C. Stern, Esq.General Counsel/Vice President of Legal Affairs andSecretary to the Board of TrusteesNew Jersey Institute of Technology
July 22, 2021Board Resolution No.
NEW JERSEY INSTITUTE OF TECHNOLOGYRESOLUTION TO ADOPT FY 2022 SCHEDULE OF
TUITION AND FEES
418
ACADEMIC YEAR 2021/2022
Tuition Fee Tuition Fee
Part-time (Less than 12 credit hours per semester) $563 per credit 190 (1) $1,318 per credit 190 (1)
Full-time (12 to 19 credit hours per semester) 7,395 per semester 1,613 (1) 15,404 per semester 1,613 (1)
Each credit hour over 19 credits per semester 563 per credit 1,318 per credit
Part-time (Less than 12 credit hours per semester) 1,161 per credit 189 (1) 1,667 per credit 189 (1)
Full-time (12 to 19 credit hours per semester) 10,671 per semester 1,602 (1) 15,778 per semester 1,602 (1)
Each credit hour over 19 credits per semester 1,161 per credit 1,667 per credit
Part-time (Less than 12 credit hours per semester) 1,345 per credit 5 (2) 1,851 5 (2)
Full-time (12 to 19 credit hours per semester) 12,229 per semester 44 (2) 17,336 44 (2)
Each credit hour over 19 credits per semester 1,345 per credit 1,851
WINTER SESSION 2021/2022 AND SUMMER SESSION 2022
Tuition Per Credit
Fees Per Term
Tuition Per Credit Fees Per Term
Undergraduate 563 190 (1) 1,318 190 (1)
Graduate 1,161 189 (1) 1,667 189 (1)
Doctoral 1,345 5 (2) 1,851 5 (2)
SPECIAL PROGRAMS:
Graduate 100% Online Programs (Tuition Per Credit) 1,082 100% online only designated graduate programs; No mandatory fees per credit
NJIT @ Jersey City Programs (Tuition Per Credit) 930 Satelite location special rate; Plus mandatory fees per credit
Picatinny UG Program (Tuition Per Credit) 611 Plus $110 per semester registration fee
Picatinny GR Program (Tuition Per Credit) 1,118 Plus $110 per semester registration fee
Dual Enrollment Partnership Program (Tuition Per Credit) 150 Pre-College program; No mandatory fees per credit
Academy College Courses Program (Tuition Per Credit) 563 Pre-College program; No mandatory fees per credit
Typical Student On-Campus Room And Board 13,295
(1) Fee consists of university fee and student activities fee.(2) Fee consists of student activities fee.
Double room and board increase - 2.28%
DOCTORAL (PHD)
Attachment A
NEW JERSEY INSTITUTE OF TECHNOLOGY
GRADUATE
UNDERGRADUATE
PROPOSED TUITION & FEE SCHEDULE 2021-2022
NON-RESIDENT RESIDENT
RESIDENT NON-RESIDENT
519
Attachment A (Continued)
PER OCCURRENCE FEES UNDERGRADUATE GRADUATEApplication/Re-admission/Non-Matriculation $75 $75Late Registration 100 100Late Payment Penalty 500 500Payment Plan Set-up 100 100Payment Plan Late-Fee 100 100 Thesis N/A 75 Dissertation N/A 100 Maintaining Registration 25 50Matriculation (1) 160 160Commencement (1) 120 120Parking
ꞏ Part-time Commuter: less than 12 credits (per semester) 182 182ꞏ Full-time Commuter: 12 credits or greater (per semester) 325 325ꞏ On- Campus Resident (per semester) 490 490
Health Insurance (2) 1,730 1,730International Student Fee (per semester) 125 125Optional Practical Training Application Fee 200 200 First Year Student Fee 230 N/ATransfer Student Orientation 30 N/AID Card Replacement 25 25E-Transcript 7 7
NEW JERSEY INSTITUTE OF TECHNOLOGYTUITION & FEE SCHEDULE 2021 - 2022
(2) NJIT requires that all, domestic undergraduate students carrying 12 or more credits, domesticgraduate students carrying 9 or more credit hours, and all F1/J1 holding students carrying 1 or more credithours have health insurance that is compliant with the Patient Protection and the Affordable Care Act(PPACA) legislation. If a student cannot demonstrate that they have insurance they must purchase theinsurance from a program offered by NJIT.
Domestic Undergraduate and Masters level students carrying at least 3 credits and Doctoral students carrying at least 1 Doctoral Dissertation credit can voluntarily participate in student health plan. Some of the features of the insurance program include:• Co-insurance: Students are responsible for 10% of the in-network cost• Student’s maximum out of pocket cost will be $3,500• Student pays $15 for generic drugs• Network Size: 1.2M health care professionals, 690,000 primary care doctors & specialists and 5,700
hospitals in the Aetna plan
(1) A one-time matriculation fee will be assessed to all new matriculating students (full or part-time)beginning with their first registration (fall 2014 semester). Students assessed this fee would not be assessedthe commencement fee once they apply for graduation. The commencement fee will being assessed to allstudents who had been previously registered prior to fall 2014 semester.
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THE BOARD OF TRUSTEES OF NEW JERSEY INSTITUTE OF TECHNOLOGY RESOLUTION HONORING PETER A. CISTARO ‘68
WHEREAS, Peter A. Cistaro, has laudably served as an active member of the Board of Trustees of New Jersey Institute of Technology to which he was first elected October 2001 to July, 2021;
WHEREAS, during his tenure, Mr. Cistaro provided the university with dedicated service, and invaluable expertise and leadership, through his service on multiple committees of the Board of Trustees, including Advancement Committee, Joint Committee on Investments, Committee on Development and Public Affairs, Nominating Committee and the Campus Life Committee, exhibiting outstanding leadership, prudent counsel, diligence and valuable experience to the university;
WHEREAS, Mr. Cistaro as Chair of numerous committees of the Board of Trustees and throughout his tenure as a Trustee, has been a leading advocate and enthusiastic ambassador for New Jersey Institute of Technology, working tirelessly with his colleagues on the Board of Trustees and the university’s administration, faculty, alumni, and others to enhance the life and reputation of NJIT; and
WHEREAS, the university, its officers and the entire university community have been enriched by the public service and leadership of Peter Cistaro, and wish to express their appreciation and gratitude for his contribution;
NOW THEREFORE, BE IT RESOLVED that the Board of Trustees of New Jersey Institute of Technology, on behalf of the university to formally acknowledge and officially recognize Peter Cistaro, whose insight, judgment and exemplary service to the university community is deeply appreciated by the members of the Board and the entire University Community;
BE IT FURTHER RESOLVED THAT the Board of Trustees does hereby name Peter A. Cistaro Trustee Emeritus of the Board;
BE IT FURTHER RESOLVED that this Resolution be incorporated into the minutes of this meeting of July 22, 2021, with a copy conveyed to Peter A. Cistaro, as tangible evidence of its persona and official sentiment.
______________________________ Holly C. Stern, Esq. General Counsel/Vice President, Legal Affairs and Secretary to the Board of Trustees New Jersey Institute of Technology
July 22, 2021 Board Resolution No.
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IV. Action ItemsE. Approve Resolution to Authorize a Grant Between
New Jersey Institute of Technology and the Stateof New Jersey By and for the Department of Lawand Public Safety Grant Identifier BFY21-100-066-1020-495
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STATEMENT RESOLUTION TO AUTHORIZE A GRANT BETWEEN NEW JERSEY INSTITUTE OF
TECHNOLOGY AND THE STATE OF NEW JERSEY BY AND FOR THE DEPARTMENT OF LAW AND PUBLIC SAFETY
GRANT IDENTIFIER BFY21-100-066-1020-495
NJIT is participating in the State of New Jersey, Department of Law and Public Safety, Office of the Attorney General SFY21 Body-Worn Camera Grant Program that provides grants to offset the cost of the acquisition, installation, operation, and maintenance of body worn cameras for police officers. This program is designed to assist law enforcement agencies with the funding necessary to equip all officers with body worn cameras.
On June 1, 2021, the Attorney General’s office awarded NJIT a grant for $85,596 for eligible acquisition, installation, operation, and maintenance costs associated with 42 body worn cameras. The grant award package, transmitted to NJIT on July 8, 2021, requires a resolution of the Board of Trustees in order for NJIT to accept the grant.
The United States Justice Department Office of Community Oriented Policing Services stated in a 2014 report that law enforcement agencies are using body-worn cameras in various ways: to improve evidence collection, to strengthen officer performance and accountability, to enhance agency transparency, to document encounters between police and the public, and to investigate and resolve complaints and officer- involved incidents.
The NJIT police department supports body worn camera use for these purposes and has used body worn cameras since 2016. This grant will upgrade our cameras to the latest technology, including facial recognition, and migrate the significant video/data storage to a cloud based system.
Implication: • Funds from the grant proceeds will allow the upgrade of body worn cameras for the NJIT
police.• NJIT has no matching obligation on the $$85,596 grant.• Without grant funds, upgrade of these cameras will be deferred due to budget constraints.
Recommendation: Authorize the Administration, through Senior Vice President, Andrew P. Christ, to receive, execute, and administer the grant, including any amendments that do not increase obligations to NJIT.
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RESOLUTION TO AUTHORIZE A GRANT BETWEEN NEW JERSEY INSTITUTE OF TECHNOLOGY AND THE STATE OF NEW JERSEY BY AND FOR THE
DEPARTMENT OF LAW AND PUBLIC SAFETY GRANT IDENTIFIER BFY21-100-066-1020-495
WHEREAS, New Jersey Institute of Technology, a corporation of the State of New Jersey, is authorized to accept and does accept a grant award from the Department of Law and Public Safety in the amount of $85,596; and
WHEREAS, the grant will fund the purchase, installation, and maintenance of 42 body worn cameras for use of the New Jersey Institute of Technology police officers; and
WHEREAS, the Board of Trustees agrees to match 0% of the total project amount in compliance with the match requirements of the agreement; and
WHEREAS, the availability of the match for such purposes, whether cash, services, or property, is hereby certified. 0% of the match will be made up of in-kind services (if allowed by grant program requirements and the agreement); and
WHEREAS, the Grantee agrees to comply with all applicable Federal, State, and municipal laws, rules, and regulations in its performance pursuant to the agreement; and
NOW, THEREFORE, BE IT RESOLVED, that the Board of Trustees of New Jersey Institute of Technology authorizes that Andrew P. Christ or the successor to the office of Senior Vice President for Real Estate Development and Capital Operations is authorized:
(a) Execute a grant agreement with the State for a grant in an amount $85,596, and(c) To execute any amendments thereto any amendments thereto which do not increasethe Grantee’s obligations.
Holly C. Stern, Esq. General Counsel/Vice President of Legal Affairs and Secretary to the Board of Trustees New Jersey Institute of Technology
July 22, 2021 Board Resolution 2021
25
V. ReportsA. President’s Report• Debrief of Campus Meeting & Tour with Secretary Brian
Bridges, June 15, 2021• State Legislated Higher Education Funding Formula,
meeting with legislators and Gov. T. Kean (NJIT-“AGold-Plated Argument for Increased Funding.”)
26
Meeting with Secretary Brian Bridges Tuesday, June 15, 2021
1:00 pm - 4:00 pm
Agenda
1:00pm: 310 Fenster Hall - Lunch Meeting Joel Bloom Brian Bridges Angela Garretson, Chief of External Affairs Sandra Gilot West, Chief of Staff
2:00pm: NJIT Tour - Andrew Christ, Senior VP for Real Development and Capital Operations
3:00-4:00pm: Team Meeting - Atrium
Presentations & Discussion:
1. Jackie Cusack, Executive Director - Center for Pre-College Programs, Math SuccessInitiative (MSI)
2. Crystal Smith, Executive Director EOP & Marybeth Boger, Dean of Students-Educational Opportunity Program (EOP) + Student Support Programs
3. Fadi Deek, Senior Executive VP and Provost - Data Presentation: Diversity, Retention,Graduation Rates of Underrepresented Minorities and Women
4. Angela Garretson, Simon Nynens, President of NJII (New Jersey Innovation Institute) -Urban Economic Development
27
New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
State Funding Meeting at NJIT with Secretary Brian Bridges
Secretary of Higher Education
June 15, 2021
Preamble
New Jersey Institute of Technology is New Jersey’s polytechnic university.
• NJIT’s curriculum is over 80% STEM, which costs 60-100% more to deliver
than other academic programs, a differential that NJIT cannot sustain without
significantly increasing the burden on students and parents.
• NJIT educates more than 1/3 of New Jersey’s engineers, and 60% of the African
American and Hispanic engineers who graduate from New Jersey colleges and
universities.
• NJIT graduates have 3-4 job offers upon graduation, and earn midcareer
annual salaries between $8,000 and $37,000 greater than their peers from New
Jersey’s other public colleges and universities.
• If New Jersey does not better support NJIT’s STEM education, students from
low-income families lose the opportunities to pursue careers that offer the greatest
upward economic mobility.
• NJIT’s polytechnic education is high skill, high demand, high salary.
• Funding NJIT’s STEM education is an equity issue.
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New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
For New Jersey to prosper, our institutions of higher education must prepare a
workforce that can thrive within and lead an economy driven by technological
innovation. Our research universities must accelerate and deliver scientific
breakthroughs that improve the quality of life and spur economic growth. As our state's
public polytechnic university, NJIT has been highly successful in achieving each of those
goals. NJIT prepares students to become leaders in the technology dependent
economy of the 21st century, and we are one of only 131 universities nationwide
rated an "R1" research university by the Carnegie Classification®, which
indicates the highest level of research activity.
NJIT is a launching pad for its students, because we prepare them to excel in the
fields and jobs that are in high demand and that are at the core of what is
unquestionably a technology economy. We educate approximately one-third of New
Jersey's engineers and scientists, and our students have an average of nearly
three job offers prior to graduation. Of particular note, NJIT is ranked No. 1
nationally by Forbes for the upward economic mobility of its lowest-income
students. Because of the significant demand for NJIT's graduates, our university has
continued to grow its diverse enrollment, faculty, facilities, and research. In addition to
preparing the workforce needed by our state's most critical industries, NJIT conducts
more than $160 million in research activity each year (see below a listing of New Jersey
public higher education research expenditures). The research produced by NJIT
annually is practical or applied in nature, solving real-world problems in areas that
include health
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New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
care and medical devices, civil infrastructure, advanced manufacturing, cybersecurity,
transportation, nanotechnology, clean energy, clean water, resilient design, national
defense, financial services, materials science, and many other fields. In response to the
Covid-19 pandemic, we recently received two National Science Foundation grants
related to COVID-19 research. The first was a RAPID Grant that will enhance contact
tracing and predict the environmental spread of the virus. The second was a grant to
develop next-generation functional carbon nanotube technology (fCNT) for
manufacturing scalable membranes for water purification to produce virus-free medical
grade water. The fCNT technology additionally is aimed at the development of
adsorbents for air purification and decontamination of PPE to prevent the spread of the
virus.
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New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
NJIT also is a catalyst for economic growth, with an annual economic impact on
the State of New Jersey that exceeds $2.8 billion. Our New Jersey Innovation Institute
(NJII), VentureLink, and Makerspace at NJIT provide direct linkages to industry and
foster partnerships that lead to new products, business solutions, and the application of
shared resources and expertise toward solving complex problems. A recent example of this
work is the launch of Biocentriq, one of NJII's most promising ventures. Biocentriq is
bringing industry, technology, developers, regulatory agencies, and academia
together to address manufacturing challenges in cell and gene therapy and
regenerative medicine. We are partnering with New Jersey companies to develop
processes, conduct clinical production trials, and train employees in this growth and
life-saving sector.
NJIT's role in preparing STEM professionals from underrepresented populations is
particularly critical to New Jersey's future. Each year, the United States has millions more
available STEM jobs than it has skilled workers to fill them. It's clear that we need to
expand the talent pipeline, and the best way to do that is to attract people who have not
been sufficiently tapped into--women and underrepresented minorities as well the very
large contingent of students who migrate out of New Jersey. NJIT is our state's greatest
source of STEM talent. More than 80% of our students are in STEM disciplines, and we
are a top 20 national university for producing Black and Hispanic engineers. Of note,
62% of all engineering degrees awarded to Black and Hispanic students by New Jersey
public institutions are awarded by NJIT. NJIT is a leader in supporting the Governor's and
the Office of the Secretary of Higher Education's, “The State of Innovation: Building a
Stronger and Fairer Economy in New Jersey,” and “Where Opportunity Meets Innovation, A
Student Centered Vision for New Jersey Higher Education,” respectively.
Our efforts to grow the talent pipeline start long before students enroll at our
university. NJIT's Center for Pre-College Programs works annually with approximately
4,300 pre-college students who are predominantly underrepresented females and
minorities from the greater Newark area. Of those students, more than 200 enroll as
undergraduates at NJIT each fall and pursue STEM professions. Today, we are working
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New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
aggressively in cooperation with Mayor Ras Baraka and the Newark Public Schools to double
the number of Newark students enrolled at NJIT. We recently launched the Newark Math
Success Initiative (MSI) to help meet that goal. MSI is designed to strengthen students'
math knowledge and skills as well as their college readiness. It also provides professional
development to a select number of mathematics teachers from designated Newark high
schools in order to build learning communities that support best practices in mathematics
instruction.
If New Jersey is to succeed in developing the diverse workforce necessary to support
an innovation economy, it must provide resources that support students in the STEM
disciplines as well as the colleges and universities that educate those students. The fact is it
costs much more for a college or university to offer STEM programs. Numerous studies,
including ones by the Center for STEM Education and Innovation as well as the National
Bureau of Economic Research (NBER), have documented that delivering STEM programs
costs 60% to 100% more than most other academic programs. The highest cost among
the STEM disciplines is engineering. These higher costs are driven by multiple factors,
including necessary infrastructure costs for labs and high-tech equipment as well as the
salaries required to attract faculty with lucrative job options in the private sector. Such
expenses are not avoidable.
The funding of STEM education has clear implications for our economic future.
Without consideration for the STEM cost factor, particularly for NJIT (the State's
80+% STEM university), New Jersey will not be able to produce the workforce
needed for an innovation economy to thrive, and STEM programs will become
increasingly out of the financial reach of students from low-income families. If we fail
to recognize the importance of investing in STEM education, our workforce will weaken,
our economy will suffer, and students from low-income families will lose significant
opportunities to pursue the careers that offer the greatest economic prosperity.
432
New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
Below are several critical facts concerning the New Jersey Outcome Based
Allocation (OBA) Funding of NJIT.
● NJIT has the highest percentage of STEM degrees as a percentage of total degreesawarded, more than double the percentage awarded by the next highest institution.
Institution Number of STEMCompletions
19-20
Percent of TotalDegrees Awarded
NJIT 2,413 84%Rutgers New Brunswick 4,868 36%Rowan University 1,249 24%Rutgers Newark 729 19%Stockton University 445 19%TCNJ 360 17%Ramapo 235 15%William Paterson 336 14%Kean University 437 13%NJCU 222 13%Thomas Edison 304 13%Rutgers Camden 152 8%
● Demand for STEM educated professionals, particularly engineers, exceeds supply.○ NJIT students graduate with 2-3 job offers in-hand and average starting salaries
in excess of $65,000.● NJIT supplies the state with 62% of its Black and Hispanic engineers.● The New Jersey OBA model is calculated based on three metrics:
○ Total degrees awarded○ Underrepresented minority completions○ Pell Grant recipients enrolled
● Each institution receives a proportional share of the available funds equal to itspercentage of all institutions’ values for those metrics. Despite being the state’s publicpolytechnic R1 institution, NJIT receives less than several non-research andnon-doctoral institutions.
533
New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
Institution FY 2020 OBAPercent
Rutgers New Brunswick 23.5%Montclair State 13.2%Kean University 9.3%Rowan University 9.0%Rutgers Newark 7.4%William Paterson 7.3%NJCU 6.0%NJIT 5.9%Stockton University 5.3%Rutgers Camden 4.0%TCNJ 3.2%Ramapo College 3.0%Thomas Edison 2.9%
● According to a national study, the average cost to educate engineering students exceedsthe cost to educate undergraduate English majors by 67%. NJIT’s cost per credit hourfor an undergraduate biomedical engineering degree is four times the cost per credithour of a bachelor of arts in humanities. Additionally, NJIT’s enrollment in theundergraduate biomedical engineering program is 10 times higher than its enrollmentin a humanities program such as Communications and Media.
● As New Jersey’s unique public polytechnic university, NJIT has a very smallpercentage of students enrolled in the few inexpensive majors it offers.
● NJIT is the largest provider of financial aid (per capita) for its students among the publicuniversities.
● Some states, as part of their OBA or other state funding, provide additional resources tothe public polytechnic universities, for example:
○ Colorado weights STEM and health degrees at 1.5 times a non-STEM degree,with additional weights adjusted by the level of the degree. Colorado alsodesignated Specialty Education Programs (including Colorado School of Mines)that receive additional allocations outside of their performance-based funding;Colorado School of Mines receives an additional 10% of its based funding.
○ Oregon’s activity-based metric captures student credit hours completedadjusted by a cost-weighting based on field of study, student level, and degreelevel. Oregon’s outcome-based metric is based on degrees awarded weightedto reflect the cost weight of each program, with engineering having one ofthe highest cost weights. Therefore, Oregon Institute of Technology is
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New Jersey Institute of TechnologyUniversity Heights
Newark, NJ 07102-1982973.596.3102
funded $18,554 per bachelor’s degree as compared to Oregon StateUniversity at $14,539.
○ New Mexico double-counts certain degrees awarded. That is, a degree awardedin a STEM or health discipline is counted twice, once in the category ofTotal Awards and again in the category of STEMH Awards. New Mexico Techreceives the most state revenue per FTE student as compared to all otherfour-year public institutions, excluding the University of Mexico Health ServiceCenter.
○ In general, most state OBAs include a funding adjustment or weighting of at least1.5 for degrees awarded in STEM and/or student credit hours completed inSTEM disciplines.
In Governor Murphy’s blueprint, “The State of Innovation: Building a Stronger and FairerEconomy in New Jersey,” the Governor writes that he is “…recommitting to STEM relatededucational programs…” He further states, “We will seek to attract, retain, and empowerentrepreneurs, STEM students, and STEM professionals to make New Jersey a magnet forventure capital investment and startups.”
Recommendation: New Jersey’s OBA should include the following components individually orin some combination:
● Include a metric to capture student credit hours completed and adjust funding based onthe instructional expenses of costly programs such as engineering.
● Account for the differential costs of degrees awarded by discipline and level(undergraduate, master’s, doctoral).
● Apply mission-specific factors to differentiate universities with specialized missionssuch as polytechnic institutions.
I am grateful for the opportunity to offer this testimony, and I would welcome anyengagement in further discussions. If New Jersey is to succeed in developing the workforce andresearch necessary to support a knowledge, innovation, and technology economy, we mustprovide resources that support students in the high demand STEM disciplines. Thank you foryour commitment to NJIT and New Jersey's public colleges and universities, as well as thestudents we serve.
Sincerely,
PresidentNew Jersey Institute of Technology
735
(Sponsorship Updated As Of: 4/19/2021)
SENATE, No. 1230
STATE OF NEW JERSEY 219th LEGISLATURE
INTRODUCED FEBRUARY 3, 2020
Sponsored by:
Senator THOMAS H. KEAN, JR.
District 21 (Morris, Somerset and Union)
Senator VIN GOPAL
District 11 (Monmouth)
Co-Sponsored by:
Senator Corrado
SYNOPSIS
Establishes “New Jersey Higher Education Funding Formula Commission.”
CURRENT VERSION OF TEXT
As introduced.
36
S1230 T.KEAN, GOPAL 2
AN ACT establishing the “New Jersey Higher Education Funding 1 Formula Commission.” 2
3 BE IT ENACTED by the Senate and General Assembly of the State 4 of New Jersey: 5
6 1. There is established a New Jersey Higher Education Funding7
Formula Commission. The commission shall consist of 11 8 members including: the Secretary of Higher Education, or a 9 designee, who shall serve ex-officio; the executive director of the 10 Higher Education Student Assistance Authority, or a designee, who 11 shall serve ex-officio; five members to be appointed by the 12 Governor including a representative of the State colleges and 13 universities established pursuant to chapter 64 of Title 18A of the 14 New Jersey Statutes, a representative of the public research 15 universities, a representative of the county colleges, a representative 16 of the independent colleges and universities, and one public 17 member; one member to be appointed by the President of the 18 Senate; one member to be appointed by the Minority Leader of the 19 Senate; one member to be appointed by the Speaker of the General 20 Assembly; and one member to be appointed by the Minority Leader 21 of the General Assembly. 22
23 2. It shall be the duty of the commission to:24 a. examine higher education funding formulas in other states,25
including a thorough review of performance-based funding 26 formulas, and identify best practices; 27
b. solicit and review detailed information from all of the28 State’s institutions of higher education on their funding needs, 29 programs and operations, and outputs; and 30
c. develop a report that includes a higher education funding31 formula for the State support of institutions of higher education. 32 The report may include such recommendations for legislative or 33 regulatory action as the commission deems appropriate. 34
35 3. Appointments to the commission shall be made within 3036
days of the effective date of this act. Vacancies in the membership 37 of the commission shall be filled in the same manner as the original 38 appointments were made. The members of the commission shall 39 serve without compensation but shall be entitled to reimbursement 40 for expenses actually incurred in the performance of their duties 41 within the limits of funds made available to the commission for its 42 purposes. 43 The members of the commission shall hold their initial 44 organizational meeting as soon as practicable, but no later than 30 days 45 following the appointment of the members. 46
37
S1230 T.KEAN, GOPAL 3
The commission shall choose a chairperson from among its 1 members and shall appoint a secretary who need not be a member of 2 the commission. 3
4 4. Staff and related support services shall be provided to the5
commission by the Office of the Secretary of Higher Education. 6 The commission shall also be entitled to call to its assistance and 7 avail itself of the services of the employees of any State, county or 8 municipal department, board, bureau, commission or agency as it 9 may require and as may be available to it for its purposes. 10
11 5. The commission shall issue a final report of its findings and12
recommendations, including any recommended legislation, to the 13 Governor, the Senate Higher Education Committee, and the 14 Assembly Higher Education Committee no later than six months 15 after its organizational meeting. 16
17 6. This act shall take effect immediately and the commission18
shall expire 30 days after the submission of the final report. 19 20 21
STATEMENT 22 23
This bill establishes a New Jersey Higher Education Funding 24 Formula Commission. Under the bill, the commission will consist 25 of 11 members including: the Secretary of Higher Education, or a 26 designee, who will serve ex-officio; the executive director of the 27 Higher Education Student Assistance Authority, or a designee, who 28 will serve ex-officio; five members to be appointed by the Governor 29 including a representative of the State colleges and universities, a 30 representative of the public research universities, a representative of 31 the county colleges, a representative of the independent colleges 32 and universities, and one public member; one member to be 33 appointed by the Senate President; one member to be appointed by 34 the Minority Leader of the Senate; one member to be appointed by 35 the Speaker of the General Assembly; and one member to be 36 appointed by the Minority Leader of the General Assembly. 37
The duties of the commission will be to: 38 (1) examine higher education funding formulas in other states,39
including a thorough review of performance-based funding 40 formulas, and identify best practices; 41
(2) solicit and review detailed information from all of the State’s42 institutions of higher education on their funding needs, programs 43 and operations, and outputs; and 44
(3) develop a report that includes a higher education funding45 formula for the State support of institutions of higher education. 46 The report may include such recommendations for legislative or 47 regulatory action as the commission deems appropriate. 48
38
S1230 T.KEAN, GOPAL 4
The bill directs the commission to issue a final report of its 1 findings and recommendations, including any recommended 2 legislation, to the Governor, the Senate Higher Education 3 Committee, and the Assembly Higher Education Committee no later 4 than six months after its organizational meeting. The commission 5 will expire 30 days after the submission of the final report. 6
39
NJIT Board of TrusteesDevelopment & Alumni Relations
FY2021 Fundraising Progress to Date
July 22, 2021
41
1
FY2021 Fundraising Report as of June 1, 2021 Executive Summary
Kenneth Alexo, Jr. Vice President, Development & Alumni Relations
• Overall Philanthropic Commitments: As noted at the June 10 Board of Trustees meeting, andas documented in the attached report, May 2021 was a historic month for fundraising at NJIT,with approximately $9.3 million in new gifts and pledges secured. This amount included thesingle-largest commitment in the university’s history, made by the Paul V. Profeta Foundationto support entrepreneurship and a new real estate center, as well as a $1 million grant from thePfeiffer Research Foundation, a $1 million bequest intention from an alumnus, and a $500k+pledge from a non-alum in Massachusetts who learned about NJIT initially through our ads onBloomberg Radio. Thanks to these and other commitments, the university surpassed its goal of$18 million with a full month left in FY21 – and also set a new record for fundraising in a singleyear. (The previous high was $18.38 million in FY16).
New gifts and pledges have continued to come in during June, and it is likely that the finalamount raised this fiscal year will exceed $19 million.
• Cash and Deferred: Outright cash gifts, pledge payments, gifts-in-kind, and irrevocableplanned gifts (e.g., charitable gift annuities, charitable remainder trusts, etc.) received in FY21total a little more than $12 million for the current fiscal. This is roughly $800k ahead of lastyear at the same time, and represents 86% of our $14 million goal in this category.
We anticipate receiving at least another $750,000 in outright cash gifts and pledge paymentsduring June. Though short of our goal of $14 million, the final cash result is likely to be third-highest total in NJIT history.
Cash gifts and pledge payments to NJIT’s endowment – the overall value of which exceeded$158.25 million as of May 31, yet another record-high for the university – thus far total $4.5million.
• Annual Fund: Cash gifts to the annual fund and the Highlander Student Emergency Fund(HSEF) totaled $860,732, as of May 31, 2021. This amount represents 78% of our $1.1 milliongoal for FY21, and puts us about $183,000 ahead of last year at this time. The positivedifference is largely attributable to an increase in giving to the HSEF, for which $190,000 hasbeen raised since July 1, 2020.
42
2
• Alumni Participation Rates: As of May 31, 2021, both the overall and undergraduate-onlyalumni giving rates remain ahead of where we were at this time in FY20. The overall ratestands at 7.02% (compared to 6.46% last year), while the undergrad-only rate is 8.74% (two-thirds of a percentage point ahead of last year). We need roughly 900 alumni to make gifts inJune in order to achieve our goal for the overall participation rate (8.4%), and 650 alumni whoearned an undergraduate degree at NJIT to do so in order to reach our goal of 10.5% for theundergrad-only giving rate. (The latter number is the one that is used by U.S. News & WorldReport in its annual rankings of colleges and universities.)
Both of these numbers received a significant boost from the annual NJIT Day of Giving on May19 and from the various appeals, both print and digital, that were sent in April and May. We arecautiously optimistic that our undergrad-only alumni participation rate will exceed 10% for athird straight year.
43
Development & Alumni RelationsFY2021 Goals• Overall philanthropic commitments (i.e., outright cash gifts, whole
pledges, gifts-in-kind, planned gifts, including documented bequestintentions): $18 million
• Cash and irrevocable deferred gifts (i.e., outright cash gifts, pledgepayments, gifts-in-kind, and irrevocable planned gifts): $14 million
• Unrestricted gift income (annual fund), plus Highlander StudentEmergency Fund: $1.1 million
• Overall alumni participation rate: 8.4%
• Undergraduate alumni participation rate: 10.5%
• Percentage of alumni with an engagement score of 4 or higher: 18.5%
144
FY2021 Fundraising ReportJuly 1, 2020 – May 31, 2021*
2
FY21 as of 5/31/2021 FY21 GOAL % to
GOALFY20
as of 5/31/2020 FY20 FINALFY21 v FY20
Increase / (Decrease)
1. Overall Philanthropic Commitments $18,435,469 $18,000,000 102% $9,010,600 $13,583,990 $9,424,869
2. Cash and Deferred $12,064,647 $14,000,000 86% $11,280,204 $15,829,896 $784,443
3. Annual Fund plus HSEF $860,732 $1,100,000 78% $677,611 $759,602 $183,121
4a. Alumni Participation 7.02% 8.40% 84% 6.46% 8.16% 0.56%
# of Alumni Donors 4,050 4,904 67% 3,678 4,618 372
4b. Undergraduate Alumni Participation 8.74% 10.50% 83% 8.07% 10.35% 0.67%
# of Undergraduate Alumni Donors 3,269 3,929 83% 2,967 3,787 302
* Final FY2021 report to be distributed at meeting. 45
FY2021 Fundraising Report
July 1, 2020 – May 31, 2021
Giving by Purpose
PurposeOverall Philanthropic
Commitments Cash and Deferred
Unrestricted $490,564 $539,071
Current Restricted $7,029,300 $6,475,834
Endowment $10,835,541 $4,466,997
Capital $80,064 $582,745
Total $18,435,469 $12,064,647
346
FY2021 Fundraising Report
July 1, 2020 – May 31, 2021
Giving by College Area
College Area Overall Philanthropic Commitments Cash and Deferred
General University $7,198,414 $6,331,163
Athletics $1,637,236 $402,226
HCAD $190,339 $228,781
CSLA $66,184 $64,627
HON $790,479 $708,085
MTSOM $5,255,795 $1,002,098
NCE $3,084,795 $2,844,236
YWCC $212,228 $483,432
Total $18,435,469 $12,064,647
447
FY2021 Fundraising Report
July 1, 2020 – May 31, 2021
Giving by Donor Type
Donor TypeOverall Philanthropic
Commitments Cash and Deferred
Board of Trustees $247,247 $297,247
Board of Overseers $7,752,657 $2,445,532
Alumni $5,439,559 $4,244,114
Corporations $1,700,970 $2,130,130
Foundations $1,706,100 $1,947,687
Friends $1,334,525 $503,422
Other $254,411 $496,516
Total $18,435,469 $12,064,647
548
Recent and Upcoming Eventsnjit.edu/development/events
6
July 10: NYC Metro: Van Gogh – The Immersive Experience (NYC)
July 22: Young Alumni Happy Hour (The Shannon Rose, Clifton, NJ)
July 24: NJ Lottery Balloon Festival 2021 (Whitehouse Station, NJ)
July 27: “Spirit of Doc” Panel Discussion (virtual)
August 14: DC Metro Alumni: Wine Tasting at Loew Vineyards (Mt. Airy, MD)
September 18: NYC Metro Alumni: Clipper City Sail (Pier 36, NYC)
September 23: Dedication of the Norma J. Clayton ’81 Learning Center (NJIT)
Save the Dates: October 2: Big Bear Solar Observatory (Big Bear Lake, CA)
October 8-10: Homecoming Weekend
October 23: Central NJ Alumni: InfoAge Museum Tour and Luncheon (Wall, NJ)
November 12: Dedication of the Raymond J. McGowan ‘64 and FamilySimulation and Computation Laboratory (NJIT)
November 12: Celebration 2021 (Pleasantdale Chateau, West Orange, NJ)
49
Alumni Events On-Demandnjit.edu/development/events
7
Applications of extended reality, featuring
Margarita Vinnikov, Ph.D. (YWCC)
President’s Address to
Alumni
Hillier College of Architecture and Design
Awards Ceremony
2021 Alumni Achievement Awards
Ceremony
HCAD Tea with Alumni Albert Dorman Honors College Virtual Colloquium
NJIT’s Campus Transformation,
featuring Andrew Christ ’94, ’01
Women & Alumnae Vested in Education and
STEMAlumnae Panel
Shape Optimization for Digital Fabrication, featuring Przemyslaw Musialski, Ph.D.
(YWCC)
What is FinTech?Featuring Jordan Hu '89
50
NEW JERSEY INSTITUTE OF TECHNOLOGY SR. VP FOR FINANCE & CFO
MONTHLY FINANCIAL STATUS REPORT AS OF MAY 31, 2021
EXECUTIVE SUMMARY
The Executive Summary provides the status of three important financial measures, the FY21 annual budget, cash balances, and investments and managed endowment.
1. FY21 Annual Board-approved Operating Budget, totaling $546.7M, is projected to have a year-end positive balance of approximately $5.2M, due to the following:
a. Tuition and fees remain above budget by +$5.0M or (+2.5%).b. Federal Programs will be below the budget by -$0.2M or (-1.0%). The additional $4.87M
reflects the FY21 usage of the HEERF II funding; that fund balance will be applied to theFY22 operating budget.
c. Indirect Cost Recovery, Unrestricted Interest Income and Other Revenues are projected tobe above budget by +$2.9M or (+9.7%)
d. Operating expenses are projected to end the year slightly below budget. We are planningyear-end transfers of approximately $2.5M to support: $750K to fund the 2015A step-coupon bond payment, $750K increase to student bad debt, $500K insurance reserve, and$500K to establish the NJIT Venture Fund.
e. The balance of HEERF II (CRSSA) funds totaling $4.87M and HEERF III (American RescuePlan Act) totaling $12.18M will be applied to the FY22 budget.
2. Cash balances – The University’s overall cash balance remains strong and totals $167.4Mcompared to $113.8M at May 31, 2020, an increase of $53.6M. Major reasons for the year-over-year change includes:
a. Reduced unrestricted expenses due to COVID-19b. Improved collection of grants receivablesc. Increase in unrestricted investment incomed. Timing of State appropriations and FICA reimbursemente. Insurance recoveryf. Decrease in student related revenue (tuition, fees and auxiliaries)g. One time Federal COVID-19 relief funds received
3. Investments and Managed Endowmenta. Managed Endowment – As of May 31, 2021, the portfolio market value totals $158.2M
compared to $126.1M as of May 31, 2020, an increase of $32.1M (+25.5%). Note that thecurrent year value includes the former Alumni Association valued at $4.0M.
b. Operating funds – Cash balances in various operating accounts have generated netinvestment income of $6.4M in the first eleven months of FY21, compared to the annualbudget of $2.168M.
52
(1) NJII Direct figures in this report have been updated to reflect activity through April 30, 2021.
NEW JERSEY INSTITUTE OF TECHNOLOGY
FY21 ANNUAL OPERATING BUDGET STATUS
REVENUES AS OF MAY 31, 2021($000's)
546,671
15,121
155,000
376,550
13,349
26,850
13,849
19,670
60,451
40,376
202,005
514,193
14,162
128,297
371,734
13,008
26,776
13,832
17,348
57,348
36,326
207,096
94.1%
93.7%
82.8%
98.7%
97.4%
99.7%
99.9%
88.2%
94.9%
90.0%
102.5%
‐ 100,000 200,000 300,000 400,000 500,000 600,000
Total Operating Revenues
NJII Direct ‐ Restricted
Restricted Funds
Total Unrestricted Revenues
NJII Direct ‐ Unrestricted
Other Sources (ICR, Investments, Other)
Auxiliary Enterprises
Federal Programs (HEERF, GEERF & CRF)
State Appropriations ‐ Fringe
State Appropriations ‐ Base
Tuition & Fees
FY21 YTD Actual FY21 Budget
53
(1) FY21 Committed includes YTD actual expenses, balance of FY21 current salary commitments, annual debt service payments and open purchase orders.
(2) NJII Direct figures in this report have been updated to reflect activity through April 30, 2021.
FY21 ANNUAL OPERATING BUDGET STATUS
EXPENSES AS OF MAY 31, 2021($000's)
NEW JERSEY INSTITUTE OF TECHNOLOGY
546,671
15,121
155,000
376,550
13,349
18,837
17,277
70,240
38,853
217,994
539,447
14,162
166,137
359,148
13,426
18,698
17,277
62,971
38,970
207,806
480,412
14,162
128,297
337,953
13,426
17,861
16,414
57,361
38,970
193,921
87.9%
93.7%
82.8%
89.7%
100.6%
94.8%
95.0%
81.7%
100.3%
89.0%
0 100,000 200,000 300,000 400,000 500,000 600,000
Total Operating Expenses
NJII Direct ‐ Restricted
Restricted Programs
Total Unrestricted Expenses
NJII Direct ‐ Unrestricted
Annual Debt Service
CRR (Facilities / IST)
Other Operating Expenses
Financial Aid to Students
Salaries & Fringe Benefits
FY21 YTD Actual FY21 Committed Total FY21 Budget
54
NEW JERSEY INSTITUTE OF TECHNOLOGY
CASH & INVESTMENTS AND MANAGED ENDOWMENT
YEAR ‐ OVER ‐ YEAR COMPARISON
($000's)
113,804
167,370
5/31/20 (FY20) 5/31/21 (FY21)
Cash and Investments
126,117
158,254
5/31/20 (FY20) 5/31/21 (FY21)
Managed Endowment ‐Market Value
Operating cash balances invested with PFM, Wells Fargo & JP Morgan with targeted returns of 3.5% and 5.5%
Managed by PFM Asset Management and reported to the Joint Investment Committee on a monthly basis. FY21 includes the initial investment of $3.7M from the former Alumni Association portfolio.
55
NEW JERSEY INSTITUTE OF TECHNOLOGY
UNRESTRICTED INVESTMENT INCOME & OPERATING CASH
($000's)
5,172
1,617
2,168
6,407
2019 2020 FY21 Annual Budget 5/31/21 (FY21 YTD)
Unrestricted Investment Income
For the year ended June 30
113,804
96,970
106,989
119,089
138,762
158,370
167,370
May‐20 Jul‐20 Sep‐20 Nov‐20 Jan‐21 Mar‐21 May‐21
Operating Cash Balances by Investment Fund
Sweep 3.5% target 5.5% Target
56
Crime Type 2018
Clery
2019
Clery
Percent
Change
2018
UCR
2019
UCR
Percent
Change
2019
Clery
2020
Clery
Percent
Change
2019
UCR
2020
UCR
Percent
Change
2020
Clery
2021
Clery
Percent
Change
2020
UCR
2021
UCR
Percent
Change
Murder 0 0 0% 0 0 0% 0 0 0% 0 0 0% 0 0 0% 0 0 0%
Robbery 0 0 0% 1 1 0% 0 0 0% 1 1 0% 0 0 0% 1 0 ‐100%
Aggravated Assault 0 0 0% 0 1 ∞ 0 0 0% 1 0 ‐100% 0 0 0% 0 0 0%
Simple Assault N/A N/A N/A 1 2 100% N/A N/A N/A 2 1 ‐50% N/A N/A N/A 1 0 ‐100%
Sex Crimes 0 5 ∞ 0 5 ∞ 5 0 ‐100% 5 0 ‐100% 0 0 0% 0 0 0%
Burglary 0 3 ∞ 0 3 ∞ 3 1 ‐67% 3 1 ‐67% 1 1 0% 1 1 0%
Theft / Theft From Auto N/A N/A N/A 28 29 4% N/A N/A N/A 29 16 ‐45% N/A N/A N/A 16 7 ‐56%
Motor Vehicle Theft 0 1 ∞ 0 2 ∞ 1 0 ‐100% 2 0 ‐100% 0 0 0% 0 1 0%
Total Crimes 0 9 ∞ 30 43 43% 9 1 ‐89% 43 19 ‐56% 1 1 0% 19 9 ‐53%
Drug Related Crimes 4 4 0% 8 6 ‐25% 4 4 0% 6 7 17% 4 0 ‐100% 7 0 ‐100%
Criminal Mischief N/A N/A N/A 13 10 ‐23% N/A N/A N/A 10 2 ‐80% N/A N/A N/A 2 0 ‐100%
Drinking Law Offenses 32 8 ‐75% 38 8 ‐79% 8 3 ‐63% 8 3 ‐63% 3 1 ‐67% 3 1 ‐67%
Driving Under Influence N/A N/A N/A 7 4 ‐43% N/A N/A N/A 4 5 25% N/A N/A N/A 5 4 ‐20%
Harassment 1 3 200% 1 3 200% 3 1 ‐67% 3 1 ‐67% 1 0 ‐100% 1 0 ‐100%
Weapons Possession 0 0 0% 0 0 0% 0 0 0% 0 0 0% 0 0 0% 0 0 0%
Trespassing N/A N/A N/A 4 1 ‐75% N/A N/A N/A 1 1 ∞ N/A N/A N/A 1 1 0%
Domestic Violence Acts 0 0 0% 1 0 0% 0 1 ∞ 0 1 ∞ 1 0 ‐100% 1 0 ‐100%
Bias 1 0 ‐100% 1 0 ‐100% 0 0 0% 0 0 0% 0 2 ∞ 0 2 ∞
Total 38 15 ‐61% 73 32 ‐56% 15 9 ‐40% 32 20 ‐38% 9 3 ‐67% 20 8 ‐60%
Type2018
Clery
2019
Clery
2020
Clery
2021
Clery
Arson 0 0 0 0
These stats are all subject to change
after full and final review of reports
for UCR / Clery.
Clery/UCR Part I Offenses January 1st Through June 22nd Comparisons
Clery/UCR Part II Offenses January 1st Through June 22nd Comparisons
Uniform Crime Report (UCR) is a synopsis of all reports taken by this
agency, regardless of location. CLERY crime stats are geographical to the
campus and immediate streets surrounding the campus.
58
Crime Jan. Feb. Mar Apr May June July Aug. Sept. Oct. Nov. Dec.
Murder‐UCR 0 0 0 0 0 0 0 0 0 0 0 0
Murder‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Robbery‐UCR 0 0 0 0 0 0 1 0 0 0 0 0
Robbery‐Clery 0 0 0 0 1 0 1 0 0 0 0 0
Aggravated Assault‐UCR 0 1 0 0 1 0 0 0 0 1 0 0
Aggravated Assault‐Clery 0 0 0 0 0 0 0 0 0 1 0 0
Simple Assault‐UCR 0 0 0 0 0 1 0 1 0 1 0 0
Sex Crimes‐UCR 0 1 1 0 0 0 0 0 0 0 0 1
Sex Crimes‐Clery 0 1 1 0 0 0 0 0 0 0 0 1
Burglary‐UCR 1 1 0 0 0 0 0 0 0 1 0 0
Burglary‐Clery 1 1 0 0 0 0 0 0 0 1 0 0
Theft / Theft from Auto‐UCR 7 0 5 4 3 6 1 1 14 3 13 3
Theft of Auto ‐UCR 1 1 0 0 0 0 1 0 0 0 1 0
Theft of Auto ‐Clery 1 0 0 0 0 0 0 0 0 0 1 0
Drug Related Crimes‐UCR 3 2 1 0 3 1 0 1 1 0 1 1
Drug Related Crimes‐Clery 3 1 1 0 1 1 0 0 1 0 1 1
Criminal Mischief‐UCR 3 1 2 0 3 4 2 0 2 0 4 0
Drinking Law Offenses‐UCR 3 0 0 5 9 0 0 0 3 6 4 0
Drinking Law Offenses‐Clery 3 0 0 5 0 0 0 0 3 6 4 0
Driving Under Influence‐UCR 0 0 1 0 1 1 1 0 1 0 1 1
Harassment‐UCR 0 1 2 0 0 0 2 0 0 0 0 0
Harassment‐Clery 0 1 2 0 0 0 2 0 0 0 0 0
Weapons Possession‐UCR 0 0 0 0 0 0 0 1 0 0 0 0
Weapons Possession‐Clery 0 0 0 0 0 0 0 1 0 0 0 0
Trespassing‐UCR 0 0 0 0 1 0 1 0 1 0 0 0
Domestic Violence ‐UCR 0 0 0 0 0 0 0 0 0 0 0 0
Domestic Violence ‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Arson ‐ Clery 0 0 0 0 0 0 0 0 0 0 0 0
Total UCR 18 8 12 9 19 7 9 4 22 12 24 6
Total Clery 10 4 4 5 2 1 3 1 4 8 6 2
Monthly Crime Reports January 1st 2019 to December 31st 2019
59
Crime Jan. Feb. Mar Apr May June July Aug. Sept. Oct. Nov. Dec.
Murder‐UCR 0 0 0 0 0 0 0 0 0 0 0 0
Murder‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Robbery‐UCR 1 0 0 0 0 0 0 0 0 0 0 0
Robbery‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Aggravated Assault‐UCR 0 0 0 0 0 0 0 0 0 0 0 0
Aggravated Assault‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Simple Assault‐UCR 0 0 0 0 0 0 1 0 0 0 0 0
Sex Crimes‐UCR 0 0 0 0 0 0 0 0 0 0 0 0
Sex Crimes‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Burglary‐UCR 0 0 0 0 0 1 0 0 0 0 0 0
Burglary‐Clery 0 0 0 0 0 1 0 0 0 0 0 0
Theft / Theft from Auto‐UCR 5 4 5 1 0 0 0 0 1 2 2 0
Theft of Auto ‐UCR 0 0 0 0 0 0 0 0 0 0 0 1
Theft of Auto ‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Drug Related Crimes‐UCR 4 1 1 0 1 0 0 0 0 5 1 1
Drug Related Crimes‐Clery 1 1 1 0 1 0 0 0 0 4 1 0
Criminal Mischief‐UCR 1 0 0 1 0 0 0 2 1 1 0 1
Drinking Law Offenses‐UCR 3 0 0 0 0 0 0 0 0 0 0 0
Drinking Law Offenses‐Clery 3 0 0 0 0 0 0 0 0 0 0 0
Driving Under Influence‐UCR 2 1 1 0 1 0 0 0 0 0 0 0
Harassment‐UCR 0 0 0 0 0 0 0 0 1 1 0 0
Harassment‐Clery 0 0 0 0 0 0 0 0 1 1 0 0
Weapons Possession‐UCR 0 0 0 0 0 0 0 0 0 1 0 0
Weapons Possession‐Clery 0 0 0 0 0 0 0 0 0 0 0 0
Trespassing‐UCR 0 0 0 0 0 0 0 1 1 3 1 0
Domestic Violence ‐UCR 0 1 0 0 0 0 0 0 0 2 0 0
Domestic Violence ‐Clery 0 1 0 0 0 0 0 0 0 1 0 0Arson ‐ Clery 0 0 0 0 0 0 0 0 0 0 0 0
Total UCR 12 7 7 2 2 1 1 3 4 15 4 3
Total Clery 4 2 1 0 1 1 0 0 1 5 1 0
Monthly Crime Reports January 1st 2020 to December 31st 2020
60
Crime Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Murder‐UCR 0 0 0 0 0
Murder‐Clery 0 0 0 0 0
Robbery‐UCR 0 0 0 0 0
Robbery‐Clery 0 0 0 0 0
Aggravated Assault‐UCR 0 0 0 0 0
Aggravated Assault‐Clery 0 0 0 0 0
Simple Assault‐UCR 0 0 0 0 0
Sex Crimes‐UCR 0 0 0 0 0
Sex Crimes‐Clery 0 0 0 0 0
Burglary‐UCR 0 1 0 0 0
Burglary‐Clery 0 1 0 0 0
Theft / Theft from Auto‐UCR 1 1 1 0 5
Theft of Auto ‐UCR 0 0 0 1 0
Theft of Auto ‐Clery 0 0 0 0 0
Drug Related Crimes‐UCR 0 0 0 0 0
Drug Related Crimes‐Clery 0 0 0 0 0
Criminal Mischief‐UCR 0 0 0 0 0
Drinking Law Offenses‐UCR 1 0 0 0 0
Drinking Law Offenses‐Clery 0 0 0 0 0
Driving Under Influence‐UCR 1 0 3 0 0
Harassment‐UCR 0 0 0 0 0
Harassment‐Clery 0 0 0 0 0
Weapons Possession‐UCR 0 0 0 0 0
Weapons Possession‐Clery 0 0 0 0 0
Trespassing‐UCR 0 0 0 1 0
Domestic Violence ‐UCR 0 0 0 0 0
Domestic Violence ‐Clery 0 0 0 0 0Arson ‐ Clery 0 0 0 0 0Total UCR 3 2 4 2 5Total Clery 0 1 0 0 0
Monthly Crime Reports January 1st 2021 to December 31st 2021
61
NJIT BOARD OF TRUSTEES 2021-2022 SCHEDULE OF MEETINGS
2021 Board Meetings 2022 Board Meetings February 11, 2021 February 10, 2022 April 1, 2021* April 7, 2022 June 10, 2021 Mtg./Retreat No Committee Meetings 8 - 9 AM Breakfast 9 - 11 AM Closed Session 11 AM -12 PM Public Session 1 - 4 PM Retreat
June 9, 2022 Mtg./Retreat No Committee Meetings 8 - 9 AM Breakfast 9 - 11 AM Closed Session 11 AM -12 PM Public Session
1 - 4 PM Retreat July 22, 2021 July 21, 2022 September 23, 2021 September 22, 2022 November 11, 2021 8 - 9 AM Breakfast 9 - 11 AM Committee Meetings 11 AM - 3 PM Closed Session/Presentation/Lunch 3 - 4 PM Public Session
November 10, 2022 8 - 9 AM Breakfast 9 - 11 AM Committee Meetings 11 AM - 3 PM Closed Session/Presentation/Lunch 3 - 4 PM Public Session
*changed from April 8, 2021
Scheduled Meeting Times 12:00 PM– 2:00 PM Committee Meetings 2:00 PM– 4:00 PM Closed Session 4:00 PM– 5:00 PM Public Session
Note: committee meetings may occur on the same day as regular BOT meeting or alternate date as determined by the committee chair.
Meeting Agenda Items
February: Annual Facilities Assessment; Sabbatical Reports; Sabbatical Leave Requests; Development Growth Strategies; Faculty Senate Report; Approval of Honorary Doctorates for May Graduation; Next Year BOT Calendar; Clery Crime Data
April: Budget Preview; Annual Financial Assessment; Alumni Association Update; Technology Infrastructure (Admin,, Research & Instructional Technology); NJ Ethics Training; Year-End Pooled Endowment Performance; Clery Crime Data
June: NJII Report; Proposed Budget; Promotion and Tenure; BOT Officer Nominations & Following Year Committee Interest; President’s Performance Goals & Objectives; Retreat, Clery Crime Data
July: Annual Academic & Research Assessment; Annual Budget; Tuition and Fees Schedule; Annual Election of Officers; Review of Committee Chair Appointments; Strategic Plan Progress Assessment; Clery Crime Data
September: Financial Audit Report; Annual Enrollment Assessment; Strategic Visibility Plan Report; President’s Annual Review; Vice Presidents’ Evaluations; Clery Crime Data
November: BOT Scholars; Athletics Report; College Deans Reports (2); Legislative Reports; University Senate Report; Additional Nominations for Honorary Doctorates; Clery Crime Data
Note: All meetings are scheduled to be held in the Central King Building, Agile Strategy Lab*
*Subject to Board ratification 2-11-21
64
NEW JERSEY INSTITUTE OF TECHNOLOGY
Calendar of Events
Event Date
Board of Trustees Meetings July 22, 2021
Pancakes with the President September 1, 2021
Board of Trustees Meetings September 23, 2021
Convocation September 29, 2021
Excellence in Research Awards October 7, 2021
Celebration November 12, 2021
65
BOARD OF TRUSTEES
RESOLUTION RE: CLOSED SESSION TO DISCUSS PERSONNEL MATTERS, REAL ESTATE, LEGAL AND CONTRACTUAL MATTERS.
------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------
WHEREAS, THERE ARE MATTERS THAT REQUIRE CONSIDERATION BY
THE BOARD OF TRUSTEES THAT QUALIFY UNDER THE OPEN PUBLIC
MEETINGS ACT FOR DISCUSSION AT A CLOSED SESSION.
NOW, THEREFORE, BE IT RESOLVED, THAT THE BOARD OF TRUSTEES
SHALL HAVE A CLOSED SESSION TO DISCUSS MATTERS INVOLVING
PERSONNEL, REAL ESTATE, LEGAL AND CONTRACTUAL MATTERS TO
TAKE PLACE ON THURSDAY, SEPTEMBER 23, 2021, 2:00 PM, CENTER
ATRIUM, NJIT*.
*subject to board ratification
67