Monmouth University Seal

Monmouth University
President’s Report

2025 year In Review
Highlights from January 2025 through December 2025
Leon Hess Business School building at Monmouth University; In the foreground, there's a vibrant flower bed filled with pink and white impatiens blooms

From the President

Dear Friends:

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hen Monmouth University opened its doors in 1933 as a two-year junior college offering night classes to local students, no one could have fully anticipated what this institution would become. Nearly a century later, I am proud to report that Monmouth has earned designation as a National University—recognition that reflects not a single moment, but the results of sustained, purposeful work across every corner of this campus. The pages that follow document that progress and highlight milestones from a year of exciting momentum here at Monmouth.

In 2025, we enrolled the most academically prepared class in our history—and simultaneously enrolled the highest-ever percentage of first-generation and/or low-income students. More than 40% qualified for Pell Grant support. And, this same class posted record-high GPAs, record SAT scores, and our largest-ever Honors School enrollment. This first-year class profile underscored the idea that excellence and access are not competing values—something Monmouth continues to prove year after year.

Our Carnegie Research College and University designation—placing us among the top 14% of American institutions for research activity—reflects a parallel story. We did not simply declare ourselves a research university. We built one, through faculty scholarship, student-faculty collaboration, and applied inquiry that serves our local and regional communities well beyond our campus. The Urban Coast Institute, now entering its third decade, exemplifies that commitment: translating rigorous science into policy and generating innovative research opportunities for students along the way.

Strength,
Built Over Time

Nearly a century of purpose-driven growth has elevated Monmouth University to National University status.
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ounded in 1933 as Monmouth Junior College, a two-year institution created to expand access when opportunity was limited, the University has grown with purpose. Nearly a century later, Monmouth stands as a comprehensive private institution where academic excellence and expanded access are not competing priorities, but enduring commitments.

Strength, Built Over Time

Nearly a century of purpose-driven growth has elevated Monmouth University to National University status.
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ounded in 1933 as Monmouth Junior College, a two-year institution created to expand access when opportunity was limited, the University has grown with purpose. Nearly a century later, Monmouth stands as a comprehensive private institution where academic excellence and expanded access are not competing priorities, but enduring commitments.

National Standing Earned

Recent designation as a National University by U.S. News & World Report reflects Monmouth’s expanded academic scope, growing research activity, and breadth of undergraduate, graduate, and doctoral programs.

Debt-Free by Design

Hailed by Inside Higher Ed as “the rare debt-free college,” Monmouth’s long-standing fiscal discipline has produced a strong balance sheet and the flexibility to invest strategically.

Investment That Matches Ambition

The University’s $175 million Excellence. Access. Ambition. campaign will successfully conclude this spring, fueling scholarships, faculty excellence, and strategic growth.

Competing on a National Stage

Membership in the Coastal Athletic Association has elevated Monmouth’s Division I profile through expanded national television and streaming exposure.

A Landmark Academic Investment

Opening this June, the Bruce Springsteen Center for American Music will serve as a global hub for American music scholarship and public engagement.
A chronological timeline on a black background tracking Monmouth University's history from its founding in 1933 to achieving national university status in 2026.
1933
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
Founded as Monmouth Junior College
1956
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
Accredited to Offer Four-Year Bachelor’s Degrees
1967
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
Authorized to Offer Master’s Degree Programs
1983
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
Athletics Joins NCAA Division I
1995
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
University Status Achieved
2011
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
Doctoral Studies Launched
2023
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
National Recognition for Financial Strength
2025
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
Designated a Research College and University (Carnegie Classification of Institutions of Higher Education)
2026
A chronological timeline tracking Monmouth University's history from its founding in 1933 to 1995.
National University Status Achieved

Opportunity,
By Design

Monmouth University demonstrates that academic excellence and expanded access can advance together in private higher education.
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ounded on the belief that higher education should expand opportunity, Monmouth today pairs rising academic strength with unprecedented socioeconomic diversity. As the University grows its national profile, it offers a compelling model for redefining what private higher education can be.

Excellence Without Tradeoffs

The Class of 2029 is the most academically prepared in University history, posting record-high GPAs, test scores, and Honors School enrollment while also representing the largest share of first-generation and/or low-income students (56%) ever enrolled.

Pell Access Expanded

More than 40% of incoming first-year students are Pell Grant–eligible, the highest level in Monmouth’s history, and nearly one-third of all undergraduates now qualify for Pell support.

From Access to Achievement

To support its growing population of first-generation and/or low-income students, Monmouth pairs scholarships with structured mentoring, advising, and transition support, ensuring expanded opportunity is matched by the guidance students need to persist and graduate.

Advancing Social Mobility

U.S. News & World Report ranks Monmouth No. 23 in its latest Top Performers in Social Mobility list for Regional North institutions, and for five consecutive years, Washington Monthly has named Monmouth to its Best Bang for the Buck Colleges: Northeast list, recognizing institutions that expand access for non-wealthy students.

Discovery, That Delivers

National recognition reflects the growing scale and impact of research at Monmouth University.
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ustained investment in faculty scholarship, student research, and applied innovation has strengthened Monmouth’s role as a driver of discovery. Across disciplines, inquiry is translating into solutions that serve communities and inform public policy.

Carnegie Research Designation Earned

In 2025, Monmouth was designated a Research College and University by the Carnegie Classification of Institutions of Higher Education—placing it among the top 14% of U.S. institutions for research activity and spending and among only four private universities in New Jersey to earn the distinction.

Centers and Institutes Driving Impact

Monmouth’s six centers and institutes of distinction bring together faculty, students, and external partners to address shared challenges in coastal and environmental systems, entrepreneurship, economic development, and global and civic engagement.

Research in Motion Along the Coast

Through four University-owned research vessels and the work of the Urban Coast Institute, Monmouth advances field-based marine science and informs science-driven policy that strengthens coastal resilience.

Innovation Recognized by Peers

U.S. News & World Report ranks Monmouth No. 18 on its Most Innovative Schools in the Regional North list.

Where Place Shapes Possibilities

Monmouth University’s coastal setting and national reach create unrivaled access to culture, industry, and innovation.
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ituated less than a mile from the Atlantic Ocean and within easy reach of two major metropolitan centers, Monmouth integrates place directly into the student experience. Coastal ecosystems, urban industries, and regional cultural institutions serve as practical extensions of the classroom.

Historic Grounds, Modern Learning

Anchored by the Great Hall, a National Historic Landmark, and the Guggenheim Memorial Library, listed on the National Register of Historic Places, Monmouth’s 170-acre campus pairs architectural distinction with ongoing modernization.

Connected to Major Markets

Within an hour of New York City and Philadelphia, Monmouth provides direct access to two of the nation’s most influential centers for finance, health care, media, and the arts. Students build professional networks through internships and experiential learning across both metropolitan regions.

A Region That Fuels Creativity

From Red Bank’s renowned theater district to Asbury Park’s legendary music scene—and with Netflix investing $1 billion in a 292-acre production hub just four miles from campus—the University is positioned within one of the Northeast’s fastest-growing cultural and media ecosystems.
A grand white building with classical columns, dark blue awnings, and black iron balconies features wide stone steps leading down to a green lawn under a clear blue sky.
National Recognition

Monmouth Earns National University Designation

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onmouth University has been designated a National University by U.S. News & World Report, marking a milestone in the institution’s long-term academic evolution.

The designation reflects Monmouth’s expanded academic scope, increased research activity, and the breadth of its undergraduate, graduate, and doctoral programs. While the University has long advanced beyond a regional profile, this new classification formally recognizes that progression on a national scale.

“Monmouth’s story has always been about mission-driven academic excellence and continuous improvement,” President Patrick F. Leahy said. “From our founding in 1933 as a junior college offering night classes, to a comprehensive university with national reach, this designation affirms the steady, intentional work of generations of faculty, students, staff, alumni, and trustees.”

Urban Coast Institute

At the Forefront of Coastal Science and Public Impact

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ast October, the Urban Coast Institute (UCI) at Monmouth University welcomed national leaders in ocean science, technology, and public policy to campus for its signature event, the Future of the Ocean Symposium and Champion of the Ocean Awards Luncheon. Held in the University’s Great Hall, the program examined how emerging technologies and scientific innovation are reshaping ocean research, environmental stewardship, and national security.

The event also marked a milestone. As the UCI celebrated its 20th anniversary year, the symposium and awards illustrated the Institute’s evolution from an organization that began with a single full-time employee to a leading hub for applied coastal and ocean research, policy engagement, and student opportunity. Today, it is supported by a multidisciplinary team of a dozen professionals.

Bruce Springsteen Center for American Music

A Permanent Home Takes Shape

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s construction advanced on its 30,000-square-foot permanent home, the Bruce Springsteen Center for American Music marked 2025 with record-setting programs, major exhibitions, and milestone anniversaries that drew audiences from across the country and around the world to campus.

Highlights included a multiday celebration of the 50th anniversary of “Born to Run,” a sold-out American Music Honors ceremony that raised more than $1 million to support the Center’s work, and a traveling exhibition that continued its national tour. Scholarly outreach expanded as anticipation built for the Center’s permanent home, which is scheduled to open in June.

Together, these efforts reflect the Center’s growing role in preserving and advancing the study of American music across genres and generations, using Springsteen’s work as a gateway to the broader story of the nation’s musical traditions.

Academic highlights from the previous year

Faculty & Student Achievement

Diederik Boonman Morales (left) and Jason Adolf

Monmouth Researchers Confirm First U.S. Discovery of Invasive Species

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ason Adolf, Ph.D., endowed professor of marine science, and senior marine and environmental biology and policy student Diederik Boonman Morales confirmed the first documented presence of an invasive species—the beadlet anemone (Actinia equina)—along North American shores.

Boonman Morales first encountered the anemones while cataloging intertidal life near campus in Adolf’s marine biology class. The species typically inhabits the rocky coastlines of the British Isles and northern Europe, making its appearance on New Jersey’s human-made groins (aka jetties) both unexpected and surprising given its usual range. After the initial sighting, the team located additional anemones across jetty systems from Long Branch to Manasquan.

New & Noteworthy

Campus updates, philanthropic highlights, key hires, and more from the previous year
Four smiling students posing together inside a large blue photo frame that reads "FIRST DAY OF CLASS."

First-Year Class Sets New Benchmarks for Excellence and Access

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ast fall’s incoming class was the most academically prepared in Monmouth University’s 92-year history, while also setting new benchmarks in key measures of access.

The Class of 2029 posted the highest average GPA (3.67), the highest submitted SAT scores (1225), and the largest Honors School enrollment (126 students) of any first-year cohort to date. At the same time, the class includes a record number of students who joined Monmouth’s thriving first-generation and/or low-income community, representing 55.8% of the first-year class. First-generation students make up a record-high 41.3% of the cohort, while 40.8% of incoming students are Pell Grant–eligible—the highest percentage in University history.

Portrait orientation outdoor photograph of an architectural detail of a stone archway with the Latin phrase that reads the following: CARPE DIEM which is carved above the arch, flanked by a stylized leaf carving, all illuminated by sunlight casting shadows

University Leadership | 2025

Senior Staff

Andrew Brannen
Vice President and Chief Business Officer

Charlene K. Diana, Esq.
Vice President and General Counsel

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

James Pillar, Ed.D.
Vice President for Student Life

Zaneta Rago-Craft, Ed.D.
Director, Intercultural Center; Advisor to the President on Diversity and Inclusion

Jennifer Sansevero, J.D.
Director of Athletics

Richard Veit, Ph.D.
Provost and Senior Vice President for Academic Affairs

DEANS

Shannon Clifford, Ph.D.
Acting Dean, Marjorie K. Unterberg School of Nursing and Health Studies

Joseph Coyle, Ph.D.
Dean, School of Science

David Hamilton Golland, Ph.D.
Dean, Wayne D. McMurray School of Humanities and Social Sciences

Amy Gratch Hoyle, Ph.D.
Dean, School of Education

Golam M. Mathbor, Ph.D.
Interim Dean, School of Social Work

Nancy Uddin, Ph.D.
Interim Dean, Leon Hess Business School

Board of Trustees

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
Charlene K. Diana, Esq., Assistant Secretary of the Board (Ex officio)
Miles J. Austin III ’19
Michael V. Benedetto, Esq. ’90
John C. Conover III
Karyn F. Cusanelli ’89
Regina M. Foley ’89
Jeremy Grunin

Marianne C. Hesse
Harold L. Hodes ’65
Kanesha K. Jones ’03
Raymond G. Klose ’77
Mari C. Kovach ’82, ’86M
Adam G. Kraushaar
Patrick F. Leahy, Ed.D. (Ex officio)
Nancy A. Leidersdorff ’97
Alaina L. Love ’79
Lisa McKean
Valerie Montecalvo
Bayaan A. Oluyadi ’13 (Ex officio)
David A. Reale ’96
Gregory Seaman ’99
Rocio F. Serey ’16
Christopher W. Shaw
Carol A. Stillwell

TRUSTEES EMERITI

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
William B. Roberts
Robert B. Sculthorpe ’63, ’15HN

FACULTY COUNCIL

John Comiskey, Ed.D., Chair
Associate Professor, Department of Criminal Justice

STAFF COUNCIL

Lu-Ann Russell, Chair
Senior Director of Conference Services and Special Events

STUDENT GOVERNMENT

Brendan Sheehan, President
As of Dec. 31, 2025

A look at the FINANCIAL Health of the University

Financials

Council of Independent Colleges Fiscal Year FIT Score

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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 has continued to exceed the 3.0 threshold with an average score of 6.4.

An area chart from 2021 to 2025 showing data points: 7.0, 5.0, 5.9, 7.2, and 6.8. It features a dotted line for "Average: 6.4" and a solid horizontal line at 3.0 labeled "Baseline for Institutional Health."
Through the strategic allocation of institutional resources, targeted efforts to secure external funding, and prudent spending practices, the University has continued to demonstrate financial stability. In fiscal year 2024, results further strengthened the University’s financial reserves: The University recognized an increase in total net assets of $30 million, outstanding debt of $1.2 million, and an endowment market value of $153 million. In fiscal year 2025, the University recognized an increase in total net assets of $22 million, outstanding debt was $1.1 million, and the market value of the University’s endowment increased to $171 million.
The University’s strong balance sheet—bolstered by low outstanding debt—positions the institution to use the coming years as a period of strategic transition. This financial strength enables thoughtful self-evaluation, adaptation, and planning to sustain long-term stability. Proactive financial planning and sound resource management provide a solid foundation to address the broader challenges facing higher education today while also creating opportunities for continued growth and innovation.

Investment Market Value as of June 30 ($ Millions)

A stacked bar chart from 2021 to 2025 tracking two categories: "Short-Term Investments" in dark gray and "Endowment & Long-Term Investments" in light blue. Total values range from approximately 195 to 230.

Outstanding Debt as of June 30 ($ Millions)

A bar chart from 2021 to 2025 featuring light blue bars that show a downward trend. Values start just below 6 in 2021, decrease to nearly 5 in 2022, and level off to approximately 1 for 2023, 2024, and 2025.
Through the strategic allocation of institutional resources, targeted efforts to secure external funding, and prudent spending practices, the University has continued to demonstrate financial stability. In fiscal year 2024, results further strengthened the University’s financial reserves: The University recognized an increase in total net assets of $30 million, outstanding debt of $1.2 million, and an endowment market value of $153 million. In fiscal year 2025, the University recognized an increase in total net assets of $22 million, outstanding debt was $1.1 million, and the market value of the University’s endowment increased to $171 million.

Investment Market Value as of June 30 ($ Millions)

A stacked bar chart from 2021 to 2025 tracking two categories: "Short-Term Investments" in dark gray and "Endowment & Long-Term Investments" in light blue. Total values range from approximately 195 to 230.
The University’s strong balance sheet—bolstered by low outstanding debt—positions the institution to use the coming years as a period of strategic transition. This financial strength enables thoughtful self-evaluation, adaptation, and planning to sustain long-term stability. Proactive financial planning and sound resource management provide a solid foundation to address the broader challenges facing higher education today while also creating opportunities for continued growth and innovation.

Outstanding Debt as of June 30 ($ Millions)

A bar chart from 2021 to 2025 featuring light blue bars that show a downward trend. Values start just below 6 in 2021, decrease to nearly 5 in 2022, and level off to approximately 1 for 2023, 2024, and 2025.
Erlanger Gardens at Monmouth University; In the foreground, there's a water fountain spray surrounded by dense beds of vibrant pink impatiens flowers
Monmouth University Seal
Monmouth University
President’s Report
2025 Year in Review