NJIT News Room

Looking for something?
Search Newsroom
RSS Feed
PRESS RELEASE
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.

NJIT, New Jersey's science and technology university, enrolls approximately 10,000 students pursuing bachelor's, master's and doctoral degrees in 120 programs. The university consists of six colleges: Newark College of Engineering, College of Architecture and Design, College of Science and Liberal Arts, School of Management, College of Computing Sciences and Albert Dorman Honors College. U.S. News & World Report's 2012 Annual Guide to America's Best Colleges ranked NJIT in the top tier of national research universities. NJIT is internationally recognized for being at the edge in knowledge in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and e-learning. Many courses and certificate programs, as well as graduate degrees, are available online through the Division of Continuing Professional Education.