# Montclair State University Foundation

Montclair State University Foundation is an Endowment / Foundation based in Montclair, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Montclair, United States
- **Region:** North America
- **Address:** 1 Normal Avenue, Montclair, NJ 07043, United States
- **Founded:** 1960
- **Assets under management:** $100M–$150M (Altss estimate)
- **Website:** montclair.edu/giving/foundation

## Regulatory record

- **Reports private funds:** No

## About

The Montclair State University Foundation was formed in 1960 by alumni and friends as a separate 501(c)(3) corporation under New Jersey law. Its formal purpose — to solicit, receive, hold, and manage funds for Montclair State — has been steered by a board drawn from legal, financial, and corporate ranks, including retired McElroy Deutsch partner Anthony M. Carlino as chair and Qlik CEO Michael Capone as a former chair. Gregory Collins, the board's first African American chair, represents the foundation's particular history as a leadership gateway within the New Jersey business community. The foundation's strategy centers on secondaries and real assets, anchored by campus-adjacent holdings: commercial property at 1 Normal Avenue and a P3 interest in The Heights student housing complex. It also carries ownership of Yogi Berra Stadium in Little Falls and the George Segal Gallery's permanent collection. Beyond physical assets, the portfolio includes shares in the New Jersey State Cash Management Fund and beneficial interests in perpetual trusts. Confirmed positions reveal a tilt toward in-state, tangible, and low-liquidity exposures rather than aggressive venture or private equity commitments. AUM is not publicly disclosed, but Altss estimates the corpus at roughly $106 million based on reported asset classes and comparable public-university foundation profiles. That figure places Montclair among smaller state-university endowments, though its board has historically included senior professionals from Nomura, Revlon, and The Ferrari Foundation. The foundation participates in NACUBO for endowment management standards and CASE for advancement practices, signaling orthodox stewardship rather than risk-seeking allocation. Montclair's structural differentiator is its embedded real-asset link to the university itself — the foundation owns property used by students and the institution, creating a direct alignment between capital returns and campus operations. This blurs the line between passive investment pool and operating infrastructure owner, a posture more typical of Ivy League real estate arms but executed here at a smaller, state-system scale.

## Sectors

- Education
- Real Estate
- Secondaries & Special Situations

## People

- Anthony M. Carlino — Chair of the Board of Trustees
- Penelope Vance — Vice Chair of the Board of Trustees
- Cynthia Watson — Treasurer of the Board of Trustees
- David Wertheim — Secretary of the Board of Trustees
- Jonathan GS Koppell — President, Montclair State University (Ex-Officio Board Member)

## Questions

### Who runs investment decisions at the Montclair State University Foundation?

The foundation's Board of Trustees governs investment decisions, chaired by Anthony M. Carlino, a retired partner at McElroy, Deutsch, Mulvaney & Carpenter. The board includes a Treasurer — currently Cynthia Watson of Revlon — and draws financial expertise from members with backgrounds at Nomura Securities and other institutions. Day-to-day management is executed through the foundation's professional staff, though specific CIO or investment-committee names are not publicly disclosed.

### What real estate does the foundation own?

Confirmed holdings include commercial property at 1 Normal Avenue on the Montclair State campus, Yogi Berra Stadium in Little Falls, and a P3 interest in The Heights student housing complex. These assets serve dual purposes: generating returns for the endowment while directly supporting the university's operations and student life.

### How is the foundation related to Montclair State University?

The foundation is a legally separate 501(c)(3) corporation created in 1960 under New Jersey law to receive and manage private gifts for the university. The university president, currently Jonathan GS Koppell, serves as an ex-officio board member, creating a governance link while maintaining the foundation's independent fiduciary responsibilities.

## Related profiles

- [H J Enthoven Limited Pension Scheme](https://altss.com/profile/h-j-enthoven-limited-pension-scheme)
- [Pittsburg State University Foundation](https://altss.com/profile/pittsburg-state-university-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/montclair-state-university-foundation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology