
Monmouth University
President’s Report


FROM THE PRESIDENT


am pleased to share the 2024 President’s Report, a reflection of Monmouth University’s continued pursuit of academic excellence, student success, and meaningful impact.
This past year marked extraordinary progress for Monmouth. We launched the public phase of Excellence. Access. Ambition., a bold fundraising campaign poised to elevate student support to unprecedented levels. We also secured national recognition as a research college and university in the new Carnegie Classification of Institutions of Higher Education—affirming our growing research enterprise and Monmouth’s increasing competitiveness on the national stage.
Our faculty advanced scholarship across disciplines, earning prestigious grants and engaging students in original research that supports both learning and innovation. We celebrated notable academic and creative achievements, including patents in development through the Center for Entrepreneurship, the success of the Parton Broadcasting Center, and the expansion of the Bruce Springsteen Archives and Center for American Music, whose new home is rising rapidly right here on campus.
This is Monmouth

Founded in 1933 as Monmouth Junior College, the institution became Monmouth College in 1956 and received its university charter in 1995. Today, Monmouth continues its rapid ascent as a leader in higher education, integrating excellence and access to make a high-quality private education both exceptional and attainable for students from all backgrounds.
In 2024, Monmouth University reached new heights, achieving record-breaking progress in national rankings, student success, and program recognition. From rising as a leader in social and economic mobility to enrolling the most academically accomplished and diverse class in its history, Monmouth continues to expand opportunity and impact. These recent achievements reinforce the University’s growing reputation as a place where excellence and access go hand in hand, ensuring student success at every level.

Highest-Ever U.S. News Ranking
Monmouth achieved its highest-ever ranking, climbing to No. 15 in U.S. News & World Report’s 2025 Best Colleges list for Regional Universities North—continuing its ascent among the top institutions in the region.

A Leader in Social Mobility
Monmouth ranks No. 33 on U.S. News & World Report’s Top Performers on Social Mobility list, reflecting an impressive 44-spot rise in just two years, and surged 55 places in Washington Monthly’s 2024 rankings, which assess universities’ impact on social mobility, research, and service.

Nationally Recognized for Affordability & Value
Monmouth’s commitment to affordability and excellence earned the University spots on U.S. News’ 2025 Best Value Schools, Money Magazine’s Best Colleges for Your Money 2024, and Washington Monthly’s 2024 Best Bang for the Buck Colleges: Northeast lists.

Expanding Access to Higher Education
The Class of 2028 is Monmouth’s most inclusive yet, with more than half identifying as first-generation and/or low-income students. This record-breaking cohort also boasts the highest racial and ethnic diversity (34%) and Pell-eligibility rate (35%) in University history.

Raising the Bar in Academic Excellence
Monmouth’s Class of 2028 set new academic benchmarks, achieving the highest SAT average (1220) in school history and a record-high 11.7% enrollment in the Honors School.



A Prime Location for Academic Excellence

A Prime Location for Academic Excellence








At Monmouth, students study marine and environmental biology aboard one of the University’s four research vessels, taking full advantage of the University’s proximity to the ocean. They build their professional networks through internships at Fortune 500 companies in New York and Philadelphia. They pursue their artistic passions in Red Bank’s renowned theater district and Asbury Park’s legendary music scene, where artists such as Bruce Springsteen and Jon Bon Jovi got their starts. They give back through service-learning projects in coastal forests and on the sun-splashed beaches just beyond the campus’s main gate.
At the center of it all is Monmouth’s picturesque, 170-acre campus, which seamlessly blends historic charm with modern innovation. Anchored by two nationally recognized historic landmarks—the Great Hall and the Guggenheim Memorial Library—the campus retains its storied character while evolving to meet the needs of today’s students. Recent and ongoing enhancements, including the new Bruce Springsteen Archives and Center for American Music, an expanded OceanFirst Bank Center housing a dedicated Student Wellness Center, and a campuswide energy efficiency initiative projected to reduce energy usage by 25%, reflect Monmouth’s commitment to both tradition and progress. Even as the University continues to grow, it remains one of the rare debt-free higher education institutions in the country—bolstered by a recent Board of Trustees-approved $110 million investment in campus enhancements that required no long-term borrowing. The result: a world-class education in a financially responsible environment.



Monmouth Earns Research Classification
onmouth University has secured recognition as a research college and university (RCU) in the 2025 Carnegie Classification of Institutions of Higher Education from the American Council on Education (ACE) and the Carnegie Foundation for the Advancement of Teaching, which recently updated their methodology to better account for and reflect the multifaceted, wide-ranging research landscape of higher education institutions in America.


Monmouth Launches $175 Million Campaign
onmouth University has always evolved to meet the needs of its students and community. From its beginnings as a junior college to its current standing as a nationally recognized university, Monmouth has remained committed to academic excellence and access. Now, in an era of rising financial aid demands and increasing competition, the University is making its boldest move yet to secure its future and transform the lives of generations of students.




A Landmark Year
he Bruce Springsteen Archives and Center for American Music celebrated a year of milestones in 2024, from breaking ground on its future home at Monmouth University to honoring music icons and launching a lecture series exploring the intersection of music and history.
Faculty & Student Achievement


Research Collaboration Advances Cancer Treatment Strategies
recently published study in Inorganica Chimica Acta highlights the work of Associate Professor of Chemistry Greg Moehring, Chemistry Professor Datta Naik, and Specialist Professor of Biology Jeffrey Weisburg, whose interdisciplinary research into rhenium-based molecules has shown promise in selectively targeting cancer cells. This long-running collaboration between the chemistry and biology departments not only explores potential advancements in cancer treatment but also provides undergraduate students with hands-on research experience.
The project began in 2017 when Naik identified a study on a unique rhenium molecule with potential anticancer properties. Intrigued, he and Moehring worked with students to synthesize and modify similar compounds, aiming to enhance their stability and effectiveness. The research gained momentum when Weisburg joined the team, testing these molecules on both oral cancer cells and normal cells to determine their ability to selectively kill cancer cells while sparing healthy ones. Their findings showed that two of the newly developed molecules maintained their stability long enough to be effective, mimicking the mechanisms of existing platinum-based cancer drugs.
New & Noteworthy


Nagy Common Opens, Strengthening Monmouth’s Campus Life
he University dedicated Nagy Common last fall, transforming the outdoor space adjacent to the Rebecca Stafford Student Center into a vibrant gathering spot complete with a firepit and ample seating. Made possible through a generous gift from President Emerita Rebecca Stafford ’03HN, who led the University from 1993 to 2003, the revitalized space enhances campus life by providing a welcoming venue for students, faculty, staff, alumni, and friends to gather, socialize, and host events.
The outdoor space honors Mary Anne Nagy ’91M, ’01M, who dedicated 37 years of service to the University, retiring as vice president of student life and leadership engagement in 2023. Throughout her tenure, Nagy championed student-centered initiatives; oversaw critical areas such as campus housing, student clubs, and wellness services; and served as a trusted advisor to multiple University presidents. Her legacy of leadership helped shape a more inclusive, supportive, and engaged student experience at Monmouth.

University Leadership | 2024†
Mary Byrne
Associate Vice President and Controller
Charlene K. Diana, Esq.
Vice President and General Counsel
Annette Gough ’16
Executive Assistant to the President and Board of Trustees
Amanda Klaus ’09
Vice President for University Advancement
Robert D. Mc Caig, Ed.D.
Vice President for Enrollment Management and Marketing
Emily Miller-Gonzalez, J.D.
Chief of Staff
Timothy Orr
Executive Director for Campus Planning and Facilities Management
James Pillar, Ed.D.
Vice President for Student Life
Joseph Pingitore ’00
Associate Vice President for Finance and Budgets
Zaneta Rago-Craft, Ed.D.
Director, Intercultural Center; Advisor to the President on Diversity and Inclusion
Director of Athletics
John Sonn
Associate Vice President and Chief Information Officer
Kathleen Stein ’10
Associate Vice President of Human Resources
Richard Veit, Ph.D.
Provost and Senior Vice President for Academic Affairs
Shannon Clifford, Ph.D.
Acting Dean, Marjorie K. Unterberg School of Nursing and Health Studies
Joseph Coyle, Ph.D.
Interim Dean, School of Science
Raj Devasagayam, Ph.D.
Dean, Leon Hess Business School
David Hamilton Golland, Ph.D.
Dean, Wayne D. McMurray School of Humanities and Social Sciences
Wendy Harriott, Ph.D.
Interim Dean, School of Education
Golam M. Mathbor, Ph.D.
Interim Dean, School of Social Work
Jennifer Ross
Acting Dean, Honors School
Christopher D. Maher, Chair
Leslie N. Hitchner, Vice Chair
Tasha A. Youngblood Brown ’97, ’03M, Vice Chair
Stephen E. Gerard ’89M, Treasurer
Dean Q. Lin, FACHE, Secretary
Miles J. Austin III ’19
Michael V. Benedetto, Esq. ’90
John A. Brockriede Jr. ’07, ’10M
John C. Conover III
Karyn F. Cusanelli ’89
Mary Vaden Eisenstadt
Jeremy Grunin
Kanesha K. Jones ’03
Raymond G. Klose ’77
George Kolber
Mari C. Kovach ’82, ’86M
Patrick F. Leahy, Ed.D. (Ex officio)
Nancy A. Leidersdorff ’97
Alaina L. Love ’79
Lisa McKean
Thomas J. Michelli
Valerie Montecalvo
Tavit O. Najarian, Sc.D.
Bayaan A. Oluyadi ’13 (Ex officio)
David A. Reale ’96
Rocio F. Serey ’16
Christopher W. Shaw
Mark J. Skesavage ’11M
Carol A. Stillwell
Marianne C. Hesse
Harold L. Hodes ’65
William B. Roberts
Stanley S. Bey ’59
Thomas D. Byer ’67
Alan E. Davis, Esq.
Judith Ann Eisenberg
Alfred L. Ferguson, Esq. ’13HN
Frederick J. Kaeli, Jr. ’61
Henry D. Mercer III ’87, ’17HN
Stephen M. Parks ’68, ’07HN
Charles T. Parton ’01HN
Jeana M. Piscatelli ’01, ’02M
Michael A. Plodwick ’82
Thomas A. Porskievies ’82, ’86M
Steven J. Pozycki ’73
Robert B. Sculthorpe ’63, ’15HN
Pedram Daneshgar, Ph.D., Chair Professor, Department of Biology
Karen Mahoney, Chair
Assistant to the University Librarian
Tanner Purdy, President
1 As of Dec. 31, 2024
Financials

Council of Independent Colleges Fiscal Year FIT Score
he University annually reviews the Council of Independent Colleges’ Financial Indicators Tool (FIT) to assess the University’s financial health over time as well as compared to similar institutions. The FIT score presents a complete picture of an institution’s financial strengths and weaknesses and is a useful strategic indicator for institutions at various levels of financial health. The University’s FIT score is a measure of its overall financial strength based on the sufficiency and flexibility of resources, the management of debt, the performance of assets, and the results of operations. The FIT score falls along a scale of -4.0 to 10.0, and a score of 3.0 is the threshold of institutional financial health. For the past five years, the University continues to exceed the 3.0 threshold with an average score of 6.1.

Investment Market Value as of June 30 ($ Millions)

Outstanding Debt as of June 30 ($ Millions)

Investment Market Value as of June 30 ($ Millions)

Outstanding Debt as of June 30 ($ Millions)



President’s Report