Foundation Board Information

 

Foundation Meeting Schedules & Policies

 

Foundation Board of Directors 

September 15, 2022
5:30 p.m. dinner; 6 p.m. meeting   
Fannie Lou Hamer Room
Stockton University, AC

February 9 2023
5:30 p.m. dinner; 6 p.m. meeting    
Michael Jacobsen BOT Room
Main Campus, Galloway

June 8, 2022
5:30 p.m. dinner; 6 p.m. meeting   
Lakeside Lodge,
Main Campus, Galloway


Audit Committee

October 20, 2022
1 p.m. - 2 p.m.
Virtual via Zoom

Executive Committee

September 8, 2022
5:30 p.m. - 6:45 p.m.
via Zoom

December 15, 2022
5:30 p.m. - 6:30 p.m.
Meeting Room 5, Campus Center
Stockton University, Galloway

January 19, 2023
5:30 p.m. - 6:30 p.m.
Meeting Room 5, Campus Center
Stockton University, Galloway

April 20, 2023
5:30 p.m. - 6:30 p.m.
Meeting Room 5, Campus Center
Stockton University, Galloway


Finance Committee

December 1, 2022
4 p.m. - 4:30 p.m.
via Zoom

February 2, 2023
4 p.m. - 4:30 p.m.
via Zoom

April 27, 2023
4 p.m. - 4:30 p.m
via Zoom

July 27, 2023
4 p.m. - 4:30 p.m.
via Zoom


Investment Committee

February 19, 2023
4 p.m. - 5:30 p.m.
Meeting Room 2, Campus Center
Stockton University, Galloway

June 8, 2023
4 p.m. - 5:30 p.m.
Meeting Room 2, Campus Center
Stockton University, Galloway


Nominating & Governance Committee

September 8, 2021
4:30 p.m. - 5:30 p.m.
via Zoom

January 19, 2023
4:30 p.m. - 5:30 p.m.
Meeting Room 2, Campus Center
Stockton University, Galloway

April 20, 2023
4:30 p.m. - 5:30 p.m.
Meeting Room 2, Campus Center
Stockton University, Galloway


Development Committee

November 17, 2022
4:30 p.m. - 5:30 p.m.
Meeting Room 2, Campus Center,
Stockton University, Galloway


March 23, 2023
4:30 p.m. - 5:30 p.m.
Meeting Room 2, Campus Center,
Stockton University, Galloway



Standing Committees

Description

The Audit Committee of the Board of Directors of the Stockton University Foundation is comprised of members who are “independent” with regard to both the foundation and the University and familiar with financial statements and financial operations.


 

Responsibilities

The Audit Committee is charged with oversight of financial reporting and disclosures. The specific responsibilities of the Audit Committee are as follows:

  • Overseeing the financial reporting and disclosure process
  • Monitoring the choice of accounting policies and principles
  • Overseeing hiring performance and independence of the external auditors
  • Monitoring the internal control process
  • Overseeing the performance of the internal audit function

 

Current Projects

  • Overseeing the external audit of the June 30, 2010 financial statements
  • Assessing the performance of the external independent auditing firm
  • Monitoring the internal control process with regards to the recording and processing of pledges
  • Commencing an internal audit function

 

Committee Members

Richard H. Walker, Jr. Esq., Chair
Joseph A. Fusco, Esq.
Daniel Nugent, Ex Officio
Rick Ricciardi ’75, ’76
Melvyn J. Tarnopol, Esq.

University:
Jennifer Potter
Erika Cassetta, '13, M.A. '15


 

Description

The Executive Committee of the Board of Directors shall consist of the following member, ex officio: The Chair of the Foundation; the President of the University; the chief development officer of the University; Vice Chairs of the Foundation; and the Treasurer and Secretary of the Foundation. In addition, the Board at its annual meeting shall elect other of its members to serve on the Executive Committee for a term of one (1) year. It shall be the responsibility of the Executive Committee to conduct the activities of the Foundation between the dates of the four meetings of the Board of Directors. The Executive Committee shall have full authority of the Board to perform such acts and to undertake such activities as shall be deemed by the Executive Committee to be necessary or prudent, provided however, that such acts and activities shall be duly and completely reported to the Board of Directors at each meeting of the Board, and such actions that require Board approval shall be confirmed by vote of the Board of Directors at the next meeting following the action. The Executive Committee shall engage in regular and continuing dialogue with the President of the University and the Board of Trustees of the University so that, insofar as possible, Foundation actions will be consistent with the policies and goals established by the Board of Trustees of the University. The Chair of the Foundation shall serve as the Chair of the Executive Committee.

Minutes shall be prepared by a member of Committee appointed by the Chair of all deliberations and actions taken at Executive Committee meetings and shall be distributed to the members of the Board of Directors at the next meeting of the Board following the meeting of the Executive Committee.

The Executive Committee is responsible for guiding the work of the Foundation through the committee process to support the Board of Trustees and the President in achieving their goals for the University. The Committee continues to focus its efforts on furthering the success of the Foundation, engaging the Board members.


 

Committee Members

Donna H. Buzby, CPA, Chair
Michael L. Albrecht ’99, First Vice Chair
Joseph A. Fusco, Esq., Second Vice Chair
Claire B. Kuhar, CPA ’81, Treasurer
Michael C. Epps, Esq., Secretary
Richard S. Dovey ’75
L. Gayle Gross
Lori S. Herndon ’92
Dr. Johanna R. Johnson
Dr. Harvey Kesselman, Ex Officio
Daniel Nugent, Ex Officio
Rick Ricciardi ’75, ’76
Melvyn J. Tarnopol, Esq.
Richard H. Walker, Jr. Esq.

University:
Cindy Crager M.A. ’17
Jennifer Kosakowski
Erika Cassetta, '13, M.A. '15


 

Description

The Finance Committee is responsible for the Foundation’s funds, preparing and reviewing fiscal reports, monitoring fund transactions and earnings, preparing and reviewing fiscal and audit reports and making recommendations to the Board of Directors with respect to all matters involving fiscal and spending policies.  


 

Responsibilities

General:

  • Provide direction to the entire board for fiscal responsibility and financial management.
  • Advise the board with respect to making significant financial decisions.
  • Oversee the general financial matters of the organization, i.e. the administration, collection, and disbursement of financial resources; the maintenance of organizational assets; the maintenance of an appropriate capital structure; any property acquisitions or dispositions; any matters related to the continued solvency of the organization.

Reporting:

  • Review management’s annual budget and submit it to the full Board for approval.
  • Review management’s financial statements and report on financial activity to the full board.

Compliance:

  • Review compliance with the terms and conditions of any restrictions placed on donations or grants.
    Review the annual federal and state non‐profit tax returns submitted by management.
  • Review whether the University is in compliance with the requirements for exemption under IRS Code Section 501(c)(3).

Should be a standing committee generally chaired by Treasurer. Minor matters can be approved or decided in committee; significant matters should be referred to the full Board.


 

Committee Members

Claire B. Kuhar, CPA’81, Chair
Richard S. Dovey ’75
Dr. Brigid C. Harrison ’88
Hak J. Kim ’96
Edward H. Marshall III ’92
Daniel Nugent, Ex Officio
Donna H. Buzby, CPA

University:
Jennifer Potter
Erika Cassetta, '13, M.A. '15


 

Description

The Investment Committee shall be responsible for presenting an investment policy and strategy for Board approval and for regularly monitoring the Foundations investments. The Investment Committee shall have responsibility for making investment decisions consistent with the Board approved investment policy and guidelines. No manager of the funds of the Foundation or paid fiscal advisor to the Board shall serve on the Finance or Investment Committees. Minutes shall be prepared by a member of Committee appointed by the Chair of all deliberations and actions taken at Investment Committee meetings and shall be distributed immediately to the Executive Committee and to the members of the Board of Directors at the next meeting following the meeting of the Board of the Investment Committee.

The Investment Committee is responsible for adhering to the Investment Policy Statement while exploring the intellectual underpinnings and developing principles to both support and enhance it.


 

Committee Members

Michael L. Albrecht ’99, Chair
Louis T. Barberio III
David A. DeLizza
Michael C. Epps, Esq.
L. Gayle Gross
Michael A. Hyett, Esq.
Daniel Nugent, Ex Officio
Melvyn J. Tarnopol, Esq.
Richard H. Walker, Jr. Esq.
Donna H. Buzby, CPA

University:
Erika Cassetta, '13, M.A. '15


 

 
Description

The Nominating and Governance Committee has responsibility to work with the Board and the President of the University to recruit people who are willing to contribute time, talent and money to support the mission of the Foundation. The Committee shall develop and recommend strategies, policies, and practices that orient, educate, organize, motivate, and assess the performance of directors. In addition, at least two (2) weeks prior to the annual meeting of the Board, the Committee will present nominations to the Board for membership on the Board and on the standing committees, their Chairs and for the following officer positions: Chair of the Foundation, Vice Chair of the Foundation, Secretary of the Foundation and Treasurer of the Foundation. It is an important function of the Nominating and Governance Committee to develop diversity in membership on the Board of Directors.

The Nominating and Governance Committee is responsible for recruiting individuals who are willing to contribute time, talent and funds to support the mission of the Foundation. The Committee shall develop and recommend strategies, policies, and practices that orient, educate, organize, motivate, and assess the performance of the Board.


 

Committee Members

Joseph A. Fusco Esq., Chair
Thomas J. Sykes
Donna H. Buzby, CPA
Daniel Nugent, Ex Officio

University:
Erika Cassetta, '13, M.A. '15


 

 
Description

The Development Committee is responsible for assisting in the identification, cultivation, and when appropriate the solicitation process of potential principal gift donors.

Throughout the year committee members will assist the President and Executive Director by identifying and introducing them to individuals with the ability to make a principal gift or individuals who are influential to others with principal gift capacity.


 

Committee Members

Dr. Brigid C. Harrison ’88, Chair
Karen Alton
Anthony J. Coppola, Sr.
Aquasia Davis
Barbara Gomes
L. Gayle Gross
Michael A. Hyett, Esq.
Charles W. Kramer
Thomas J. Kuhar
Rita Mack
Daniel Nugent, Ex Officio
Vincent J. Papaccio
Camille E. Sailer, Esq.
Tribhuvan Singh ’85
Donna H. Buzby, CPA

University:
Erika Cassetta, '13, M.A. '15


 

 
Description

The Special Events Committee is responsible for providing a Board presence on Gala and Golf committees. The Committee is also responsible for identifying hosts, planning and the implementation of the Community Gatherings.

This Special Events Committee will meet once a year. The expectation is that each committee member will serve on either of Stockton’s golf or gala planning committees or assist with the promoting and planning of community gatherings and other Foundation hosted events.


 

Committee Members

L. Gayle Gross, Chair
Donna M. Albano
Dr. Peter A. Caporilli ’85
Timothy Carew
Thomas “Tim” L. Glenn III
Barbara Gomes
John S. Gray
Lori S. Herndon ’92
Dr. Juanita High
Lisa Johnson
Charles W. Kramer
Daniel Nugent, Ex Officio
Kenneth O’Reggio ’92
Roxanne Passarella, Esq. ’00
Bonnie D. Putterman, Esq. ’85
Rick Ricciardi ’75, ’76
Cookie Till ’83
Pamela A. Thomas-Fields, MAS ’93
Donna H. Buzby, CPA

University:
Erika Cassetta, '13, M.A. '15


 


Stockton University Foundation Board of Directors 2021-2022

Donna H. Buzby, CPA, Chair

Co-Managing Partner
Capaldi Reynolds & Pelosi, P.A.

 

Michael L. Albrecht '99, First Vice Chair

Managing Partner 
Ridgewood Infrastructure 

 

Joseph A. Fusco, Esq., Second Vice Chair

Of Counsel 
Cooper Levenson 

 

Claire B. Kuhar '81, CPA, Treasurer

Claire B. Kuhar Accounting 

Michael C. Epps, Esq., Secretary

Executive Director 
Atlantic City Initiatives Project Office, DCA

 

Dr. Harvey Kesselman, Ex Officio

President
Stockton University

 

Daniel Nugent, Ex Officio

Vice President for Unviersity Advancement & Executive Director 
Stockton University Foundation

 

Donna M. Albano

Associate Professor of Hospitality and Tourism Management Studies 
Stockton University

 

Karen Alton

Consultant

Louis T. Barberio III

Managing Partner 
Barberio & Rich Financial Services 

 

Dr. Peter A. Caporilli '85

Founder & CEO 
Tidewater Workshop, Polymath Achievement Charters 

 

Timothy Carew

Board Member

 

Anthony J. Coppola, Sr.

Owner 
Smithville Hospitality 

 

Aquasia Davis '13

Detective,
Camden County Prosecutor's Office

Madeline Deininger '80

Founder,
Kisment Wines, Inc.

David A. DeLizza

President & CEO 
Pennoni 

 

Richard S. Dovey '75

President 
Atlantic County Utilities Authority

 

Thomas L. Glenn III

Owner 
Glenn Insurance, Inc.

 

Barbara Gomes

Board Member

 

Henry Gorelick, Esq.

Emeritus

 

John S. Gray

Business Agent 
International Brotherhood of Electrical Workers, Local 351 

 

L. Gayle Gross

Board Member

 

Dr. Brigid C. Harrison '88

Professor Political Science & Law
Montclair State University

 

Lori S. Herndon '92

President & CEO
AtlantiCare Health System

 

Dr. Juanita J. High

Board Member

 

Hon. William J. Hughes

Emeritus+

 

Michael A. Hyett, Esq.

Partner
Fox Rothschild LLP

 

Joseph R. Jingoli, Jr.

Partner and Chief Business Development Officer
Jingoli-DCO

 

Dr. Johanna R. Johnson

Board Member

 

Lisa Johnson

President
Lisa Johnson Communications, LLC

 

Hak J. Kim '96

Chief Financial Officer
AtlantiCare Health System

 

Charles W. Kramer

Chairman
Kramer Beverage Company, Inc.

 

Thomas Kuhar

Business Consultant
Kuhar Realty, LLC

 

Rita Mack

Board Member

 

Edward H. Marshall III '92

Director, Upward Bound Math Science
University of Pennsylvania

 

John P. Millar

Emeritus+

 

Kenneth O’Reggio '92

Oncology Sales Operations and Business Analyst Manager
Advanced Accelerator Applications

 

Nikki Palley

Emerita

 

Vincent J. Papaccio

Executive Vice President and COO
Reliance Medical Group, LLC

 

Roxanne Passarella, Esq. '00

President and CEO, Business Administration and Operations
FantaSea Resorts

 

Bonnie D. Putterman, Esq. '85

Attorney
Bonnie Putterman Law Offices

 

Rick Ricciardi '75, '76

President
Marathon Engineering & Environmental Services

 

Dr. Mukesh N. Roy, MBBS, MPH&TM, DTMTH

Director Public Health, Preparedness, Planning& Education
Ocean County Health Department

Camille E. Sailer, Esq.

President
European American Chamber of Commerce

 

Leo B. Schoffer, Esq., Ex Officio

Founder & Managing Partner
Schoffer Enterprises, LLC. 

Kay Seelig

Emerita

 

Mac Seelig

Emeritus

 

Tribhuvan Singh '85

President & CEO
Hi-Tec Systems

 

Dr. Jo Frances Stow

Emerita+

 

Thomas J. Sykes

Principal
SOSH Architects

 

Melvyn J. Tarnopol, Esq.

Board Member

 

Pamela A. Thomas-Fields, MAS '92

Board Member

 

 

Caroline Till '83

Owner
Steve & Cookie’s By the Bay

 

Richard H. Walker, Jr., Esq.

Of Counsel
Cooper Levenson

 

Dr. Edward Wrobleski

Emeritus+

 

+ Deceased
Board List is effective as of 10.12.2021