A Unique Model for a Small Shop

In turbulent times many smaller institutionally-related foundations (IRF’s) are seeking alternative economic models to be fully self-sustaining. The Kean University Foundation’s economic model is unique and cutting edge. Now in our fifth year under this structure, the Foundation employs all staff and absorbs the associated costs (benefits, human resources, information technology, legal, etc.) This presentation summarizes the funding/spending plan for the Kean University Foundation and the organization’s competitive cost per dollar raised. While all conference attendees are welcome to attend, this session is geared toward the smaller shop (assets less than $100M).