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Contact Information: Tanya Klein Public Relations 973-596-3433

NJIT NEXT Raises $100 Million

NJIT NEXT, NJIT’s comprehensive campaign, has secured more than $100 million towards its $150 million goal, announced national campaign co-chairs Chief Operating Officer of Clarion Partners C. Stephen Cordes; Hatch Mott MacDonald President and CEO Nicholas M. DeNichilo; Chairman/CEO Anchor Industries International and Chairman Emeritus/Founder Tampa Bay Rays Vincent Naimoli.  All three chairs are NJIT alumni.

Specific campaign goals include $50 million for endowed scholarships and fellowships for all NJIT colleges to provide vital financial support for students pursuing degrees in the university’s core academic specialties.  Another $25 million will go toward endowed chairs and professorships to retain and recruit outstanding faculty to enhance NJIT’s distinctive learning environment and support professor-student research project.

An additional $75 million will continue the development of NJIT’s Next-Generation Campus, using advanced wireless systems to enhance connectivity between people and information to benefit the entire University Heights neighborhood and serve both on-and-off campus communities.  Current projects that will benefit from this funding include:

• The Warren Street Village, a three-acre, mixed-use complex that will add 600 beds to NJIT’s existing inventory of residential housing;  

• A complete renovation of the Central King Building (formerly Central High School) to include smart-classroom technology, telecom and computer networks;

• Enhanced engineering and science laboratories especially for biomedical engineering, a department that has grown considerably in a decade,  plus a center for science, technology, engineering and mathematics (STEM).

“Attracting the nation’s best students to NJIT benefits not only our university but the local community and the State of New Jersey,” said Cordes (Class of 1972), of Westfield, who grew up in Newark.  “Enabling these young people to study in Newark raises the profile of NJIT as a whole, and being associated with a university that nurtures this kind of talent is positive for me and every other graduate.”

Hoboken native son, DeNichilo (Classes of 1973 and 1978), now of Scotch Plains, notes that engineering must become the foundational architecture and theoretical basis for solving the most critical problems facing our world today and into the future.  “NJIT needs your help to make this vision a reality and become the nation’s lead institution for educating next generation engineers,” he said.

NJIT NEXT generation’s $75 million will go in part toward a new recreation, wellness and athletics center.  Naimoli (Class of 1962) of Tampa, who grew up in Paterson, has long supported the ideal of healthy body, healthy mind.  He’s especially proud that the Naimoli family is helping to provide a new physical fitness and athletic facility for the entire NJIT community.

The campaign positions the university to excel and compete successfully for students, faculty, funding and recognition in the years ahead.  As New Jersey’s science and technology university, NJIT’s promise is to be “the edge in knowledge.”  The NJIT NEXT campaign presents an opportunity to realize that promise for the next generation of students and invest in the future of a great university. 

A formal announcement will be made of the success to date of NJIT NEXT during NJIT’s annual black tie fund-raising event, known as Celebration.  This year Celebration will be held Jan. 25, 2013 at Pleasantdale Chateau, West Orange, at 7:30 p.m.  Legendary singer, song-writer and pianist Neil Sedaka will be the featured.  For more information about NJIT NEXT or Celebration, please contact Darlene Lamourt, director, NJIT Development Darlene.Lamourt@NJIT.edu, 973-596-3403.

One of the nation’s leading public technological universities, New Jersey Institute of Technology (NJIT) is a top-tier research university that prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT’s multidisciplinary curriculum and computing-intensive approach to education provide technological proficiency, business acumen and leadership skills. With an enrollment of 11,400 graduate and undergraduate students, NJIT offers small-campus intimacy with the resources of a major public research university. NJIT is a global leader in such fields as solar research, nanotechnology, resilient design, tissue engineering and cybersecurity, in addition to others. NJIT ranks 5th among U.S. polytechnic universities in research expenditures, topping $121 million, and is among the top 1 percent of public colleges and universities in return on educational investment, according to PayScale.com. NJIT has a $1.74 billion annual economic impact on the State of New Jersey.