The ICFNJ was founded in 1953 to secure financial support for the state's private colleges and universities. The Fund is a cooperative effort between business and academic leaders who recognize the important role our institutions play in building New Jersey's economy. The Independent College Fund of New Jersey (ICFNJ) is a cooperative effort involving business and academic leaders of New Jersey in order to broaden financial support for and awareness of independent higer education. The purpose of the ICFNJ is to articulate the unique missions of its member institutions in order to enhance understanding and secure investment.