Kevin D. Belfield

The public session agenda included the approval of several resolutions under Action Items, such as amending the Bylaws of the Board of Trustees, specifically renaming the Buildings and Grounds Committee to the Facilities and Infrastructure Committee and updating its charge. The Board also approved the creation of new Bachelor of Science programs in Biomedical Engineering Technology, Construction Management Technology, and Software and Data Engineering Technology. Further action items involved approving faculty and lecturer sabbatical leaves for Academic Year 26-27 and adopting the Audited June 2025 Financial Statements. Additionally, the Board approved the conditional designation of XYZ Developer for the redevelopment of the MLK East Side, Block 43, Lots 30, 38, 39, 40, 41, 46, 48. Reports covered the Chair's and President's activities, FY26 fundraising progress, the Chief Financial Officer's report highlighting budget variances and endowment growth, and the Clery Crime Data.

This document, the 2025 Research Institutes, Centers and Laboratories Showcase, highlights the strategic growth of the university's research enterprise. It details approximately 165 institutes, centers, and labs organized into six principal areas: Bioscience and Bioengineering, Data Science and Management, Environment and Sustainability, Materials Science and Engineering, Robotics and Machine Intelligence, and Innovation and Entrepreneurship. These initiatives are presented as advancing science, engineering, and technology to fuel societal progress, reflecting the objectives of NJIT's strategic plan.

This document outlines the investment policy for the Pooled Endowment Fund of the New Jersey Institute of Technology and The Foundation. Its primary purpose is to define the responsibilities of all involved parties, establish clear investment goals, set guidelines for asset management, and provide a framework for monitoring and evaluating investment results. Key objectives include providing perpetual support for student scholarships and donor-designated purposes, maintaining the fund's purchasing power by achieving a long-term return of inflation plus the spending policy rate, and outperforming a custom Policy Benchmark over rolling three- to five-year periods. The policy emphasizes a diversified asset allocation strategy, prudent risk-taking, liquidity management, and integration of Environmental, Social, and Governance (ESG) investing principles.

The Board meeting addressed various topics, including challenges related to visas, research funding, student recruitment, and budgeting. The NJIT First Aid Squad presented their work and emergency response procedures. The Board authorized certain university officials to execute contracts, adopted a resolution to amend Article III of the Bylaws, and approved submitting a grant application for the Higher Education Capital Facilities Program. They also authorized the renewal of the university insurance program and the Adobe enterprise software license. The meeting included discussions on fundraising efforts, a positive financial update with a projected budget surplus, and a report on Clery Crime Data, highlighting the Public Safety Department's efforts in maintaining a safe campus environment.

The meeting included a presentation by BoT Scholars and several action items, such as approving a resolution to amend the Bylaws of the Board of Trustees, authorizing the exclusive license of University Intellectual Property, authorizing Architectural and Engineering Services for the Renovations of Fenster Hall and Campus Center, and authorizing Implementation Phase Advisory Services for Oak Hall. Various reports were presented, including those from the Chair, President, Athletics, FY26 Fundraising Engagement, Chief Financial Officer, and Clery Crime Data. The upcoming calendar of events was also reviewed.