Nonprofit · EIN 06-0646973
YALE UNIVERSITY
Tax-exempt · NEW HAVEN, CT 06520
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,452,768,034 | $6,672,258,952 | $1,780,509,082 | $58,926,726,383 | $10,452,253,079 | $48,474,473,304 |
| June 30, 2024 | 990 | $6,841,256,079 | $6,197,071,259 | $644,184,820 | $55,210,972,740 | $10,013,756,266 | $45,197,216,474 |
| June 30, 2023 | 990 | $6,315,023,788 | $5,612,701,248 | $702,322,540 | $54,308,947,172 | $10,409,366,761 | $43,899,580,411 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,540,361,903
- of which government grants
- $908,949,297
- Program service revenue
- $3,157,344,143
- Investment income
- $3,701,944,184
- Royalties
- $19,349,668
- Net rental income
- $2,759,807
- Net gain from sales of assets
- $3,039,506,206
- Net income from fundraising events
- -$125,662
- Tax-exempt bond proceeds
- $2,980,821
- Other revenue
- $53,117,804
Expenses
- Grants and similar amounts paid
- $861,177,007
- Compensation of officers, directors and key employees
- $16,258,158
- Other salaries and wages
- $2,696,960,845
- Salaries, compensation and benefits (total)
- $3,599,006,423
- Professional fundraising fees
- $0
- Legal fees
- $26,233,588
- Accounting fees
- $1,886,685
- Occupancy
- $130,525,894
- Travel
- $80,879,822
- Depreciation
- $385,136,377
- Program services (functional)
- $5,815,033,579
- Management and general (functional)
- $759,686,264
- Fundraising (functional)
- $97,539,109
Balance sheet and other
- Total assets, start of year
- $55,210,972,740
- Total assets, end of year
- $58,926,726,383
- Total liabilities, end of year
- $10,452,253,079
- Net assets, end of year
- $48,474,473,304
- Land, buildings and equipment
- $6,630,690,933
- Publicly traded securities
- $5,900,010,941
- Net assets without donor restrictions
- $10,337,012,842
- Net assets with donor restrictions
- $38,137,460,462
- Gross unrelated business income
- $29,518,157
- Gross receipts
- $23,383,390,848
- Employees
- 35,714
- Volunteers
- 15,000
- Year formed
- 1701
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew S T Mendelsohn | Chief Investment Officer Key employee | 50 | $2,736,107 | $2,648,691 |
| Amelia Chivetta | Managing Director, Investments Highest-paid employee | 50 | $1,862,086 | $2,722,743 |
| Timothy R Sullivan | Sr Director of Private Equity Highest-paid employee | 50 | $2,347,383 | $1,828,042 |
| Alexander C Banker | Sr Director of Finance Highest-paid employee | 50 | $4,102,577 | $63,612 |
| Peter Salovey | President (through 6/30/24) Highest-paid employee | 50 | $3,921,313 | $98,044 |
| Carrie Abildgaard | Director, Investments Highest-paid employee | 50 | $3,087,594 | $72,634 |
| Dean J Takahashi | Former Sr Director, Investments Former | 50 | $1,603,495 | $46,368 |
| Nancy J Brown | Dean, School of Medicine Key employee | 50 | $1,203,172 | $53,087 |
| Scott A Strobel | Provost Officer | 50 | $1,153,970 | $67,601 |
| Alexander E Dreier | Sr VP for Institutional Affairs Officer | 50 | $940,055 | $117,302 |
| Jack F Callahan Jr | Sr VP for Operations Officer | 50 | $882,587 | $90,370 |
| Joan E O'Neill | VP for Alumni Affairs & Development Officer | 50 | $876,491 | $80,166 |
| Maurie McInnis | President (effective 7/1/24) Trustee or director, Officer | 50 | $803,448 | $86,746 |
| Stephen C Murphy | VP for Finance & CFO Officer | 50 | $634,970 | $155,508 |
| Pericles Lewis | Former VP for Global Strategy Former | 50 | $568,122 | $150,092 |
24 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jack Michael Bellamy | VP for Facilities, Campus Development & Sustainability Officer | 50 | $593,635 | $41,030 |
| John Barden | VP for Technology and Campus Services Officer | 50 | $546,863 | $79,878 |
| Kimberly M Goff-Crews | Secretary & VP for University Life Officer | 50 | $554,409 | $56,744 |
| Benjamin Polak | Former Provost Former | 50 | $513,267 | $79,927 |
| Renee Kopkowski | VP for Communications Officer | 50 | $483,514 | $74,749 |
| John Whelan | VP for HR Officer | 50 | $469,015 | $82,138 |
| Robert J Alpern | Former Dean, School of Medicine Former | 50 | $355,849 | $42,128 |
| Karen Peart | Former Interim VP for Communications Former | 50 | $266,008 | $45,083 |
| Ann Miura-Ko | Trustee Trustee or director | 5 | $0 | $0 |
| Carlos R Moreno | Trustee Trustee or director | 5 | $0 | $0 |
| David A Thomas | Trustee Trustee or director | 5 | $0 | $0 |
| David Sze | Trustee Trustee or director | 5 | $0 | $0 |
| Edward Miner Ned Lamont Jr | Trustee (ex-officio) Trustee or director | 0 | $0 | $0 |
| Felicia F Norwood | Trustee Trustee or director | 5 | $0 | $0 |
| Fred Krupp | Trustee Trustee or director | 5 | $0 | $0 |
| Gina R Boswell | Trustee Trustee or director | 5 | $0 | $0 |
| Joshua Bekenstein | Trustee Trustee or director | 5 | $0 | $0 |
| Joshua L Steiner | Trustee Trustee or director | 5 | $0 | $0 |
| Marta L Tellado | Trustee Trustee or director | 5 | $0 | $0 |
| Maryana Iskander | Trustee Trustee or director | 5 | $0 | $0 |
| Michael J Cavanagh | Trustee Trustee or director | 5 | $0 | $0 |
| Neal S Wolin | Trustee Trustee or director | 5 | $0 | $0 |
| Susan Bysiewicz | Trustee (ex-officio) Trustee or director | 0 | $0 | $0 |
| William E Kennard | Trustee Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew S T Mendelsohn | Chief Investment Officer Key employee | 50 | $2,320,131 | $2,122,959 |
| Peter Salovey | Trustee & President Trustee or director, Officer | 50 | $2,335,529 | $117,813 |
| Timothy R Sullivan | Sr Director of Private Equity Highest-paid employee | 50 | $2,057,602 | $78,399 |
| Alex Hetherington | Managing Director, Investments Highest-paid employee | 50 | $1,772,887 | $72,967 |
| John Ricotta | Managing Director, Investments Highest-paid employee | 50 | $1,703,069 | $75,217 |
| Murat Gunel | Chair, Neurosurgery Highest-paid employee | 50 | $1,683,353 | $87,625 |
| Amelia Chivetta | Managing Director, Investments Highest-paid employee | 50 | $1,671,148 | $51,966 |
| Alexander C Banker | Former Director of Investments Former | 50 | $1,607,501 | $79,575 |
| Nancy J Brown | Dean, School of Medicine Key employee | 50 | $1,130,957 | $58,325 |
| Alexander E Dreier | Sr VP for Institutional Affairs Officer | 50 | $881,218 | $108,059 |
| Scott A Strobel | Provost Officer | 50 | $887,887 | $64,463 |
| Jack F Callahan Jr | Sr VP for Operations Officer | 50 | $828,950 | $84,427 |
| Joan E O'Neill | VP for Alumni Affairs & Development Officer | 50 | $817,363 | $75,238 |
| Stephen C Murphy | VP for Finance & CFO Officer | 50 | $596,624 | $146,769 |
| Jack Michael Bellamy | VP for Facilities, Campus Development & Sustainability Officer | 50 | $663,536 | $42,354 |
| Pericles Lewis | Former VP for Global Strategy Former | 50 | $539,793 | $127,151 |
| Dean J Takahashi | Former Sr Director, Investments Former | 50 | $540,712 | $52,974 |
| Kimberly M Goff-Crews | Secretary & VP for University Life Officer | 50 | $530,671 | $50,442 |
| Benjamin Polak | Former Provost Former | 50 | $496,033 | $63,802 |
| John Barden | VP for Technology and Campus Services Officer | 50 | $472,613 | $75,028 |
| John Whelan | VP for HR Officer | 50 | $435,377 | $76,436 |
| Renee Kopkowski | VP for Communications Officer | 50 | $393,137 | $59,708 |
| Robert J Alpern | Former Dean, School of Medicine Former | 50 | $344,409 | $39,793 |
| Karen Peart | Former Interim VP for Communications Former | 50 | $238,586 | $38,803 |
| Ann Miura-Ko | Trustee Trustee or director | 5 | $0 | $0 |
| Carlos R Moreno | Trustee Trustee or director | 5 | $0 | $0 |
| Catharine B Hill | Trustee Trustee or director | 5 | $0 | $0 |
| David A Thomas | Trustee Trustee or director | 5 | $0 | $0 |
| David Sze | Trustee Trustee or director | 5 | $0 | $0 |
| Edward Miner Ned Lamont Jr | Trustee (ex-officio) Trustee or director | 0 | $0 | $0 |
| Fred Krupp | Trustee Trustee or director | 5 | $0 | $0 |
| Gina R Boswell | Trustee Trustee or director | 5 | $0 | $0 |
| Joshua Bekenstein | Trustee Trustee or director | 5 | $0 | $0 |
| Joshua L Steiner | Trustee Trustee or director | 5 | $0 | $0 |
| Marta L Tellado | Trustee Trustee or director | 5 | $0 | $0 |
| Maryana Iskander | Trustee Trustee or director | 5 | $0 | $0 |
| Maurie McInnis | Trustee (through 5/29/24) Trustee or director | 5 | $0 | $0 |
| Michael J Cavanagh | Trustee Trustee or director | 5 | $0 | $0 |
| Michael Warren | Trustee Trustee or director | 5 | $0 | $0 |
| Neal S Wolin | Trustee Trustee or director | 5 | $0 | $0 |
| Susan Bysiewicz | Trustee (ex-officio) Trustee or director | 0 | $0 | $0 |
| William E Kennard | Trustee Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 46 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peter Salovey | Trustee & President Trustee or director, Officer | 50 | $2,209,809 | $108,557 |
| Timothy R Sullivan | Sr Director of Private Equity Highest-paid employee | 50 | $1,849,321 | $394,387 |
| Alan Forman | Director, Investments Highest-paid employee | 50 | $1,906,869 | $44,685 |
| Alex Hetherington | Managing Director, Investments Highest-paid employee | 50 | $1,535,484 | $369,176 |
| Arnar Geirsson | Professor of Surgery (Cardiac) Highest-paid employee | 50 | $1,700,704 | $83,077 |
| Alexander C Banker | Former Director of Investments Former | 50 | $1,430,489 | $352,396 |
| Matthew S T Mendelsohn | Chief Investment Officer Key employee | 50 | $1,704,888 | $56,841 |
| Murat Gunel | Chair, Neurosurgery Highest-paid employee | 50 | $1,610,370 | $83,546 |
| Nancy J Brown | Dean, School of Medicine Key employee | 50 | $1,051,312 | $54,349 |
| Alexander E Dreier | Sr VP for Institutional Affairs Officer | 50 | $820,114 | $101,722 |
| Scott A Strobel | Provost Officer | 50 | $819,757 | $58,557 |
| Jack F Callahan Jr | Sr VP for Operations Officer | 50 | $789,995 | $74,390 |
| Joan E O'Neill | VP for Alumni Affairs & Development Officer | 50 | $753,636 | $70,099 |
| Stephen C Murphy | VP for Finance & CFO Officer | 50 | $550,754 | $86,340 |
| John H Bollier | Former VP for Facilities & Campus Development Former | 50 | $565,410 | $45,704 |
| Pericles Lewis | Former VP for Global Strategy Former | 50 | $511,167 | $75,077 |
| Dean J Takahashi | Former Sr Director, Investments Former | 50 | $529,770 | $49,382 |
| Janet E Lindner | Former VP for HR & Administration Former | 50 | $524,574 | $44,894 |
| Kimberly M Goff-Crews | Secretary & VP for University Life Officer | 50 | $499,063 | $46,054 |
| Benjamin Polak | Former Provost Former | 50 | $475,748 | $51,590 |
| John Whelan | VP for HR Officer | 50 | $413,379 | $70,179 |
| John Barden | VP for Information Technology Officer | 50 | $409,833 | $69,560 |
| Nathaniel Nickerson | VP for Communications (through 9/23/22) Officer | 50 | $405,420 | $36,001 |
| Donna Cable | Former Interim VP for HR Former | 50 | $352,721 | $52,023 |
| Robert J Alpern | Former Dean, School of Medicine Former | 50 | $332,326 | $35,524 |
| Karen Peart | Interim VP for Communications (10/1/22 to 3/31/23) Officer | 50 | $196,063 | $32,574 |
| Jack Michael Bellamy | VP for Facilities, Campus Development and Sustainability (effective 10/3/22) Officer | 50 | $157,876 | $14,154 |
| Ann Miura-Ko | Trustee Trustee or director | 5 | $0 | $0 |
| Carlos R Moreno | Trustee Trustee or director | 5 | $0 | $0 |
| Catharine B Hill | Trustee Trustee or director | 5 | $0 | $0 |
| Charles W Goodyear IV | Trustee Trustee or director | 5 | $0 | $0 |
| David A Thomas | Trustee Trustee or director | 5 | $0 | $0 |
| David Sze | Trustee Trustee or director | 5 | $0 | $0 |
| E John Rice Jr | Trustee Trustee or director | 5 | $0 | $0 |
| Edward Miner Ned Lamont Jr | Trustee (ex-officio) Trustee or director | 0 | $0 | $0 |
| Fred Krupp | Trustee Trustee or director | 5 | $0 | $0 |
| Joshua Bekenstein | Trustee Trustee or director | 5 | $0 | $0 |
| Joshua L Steiner | Trustee Trustee or director | 5 | $0 | $0 |
| Kathleen E Walsh | Trustee Trustee or director | 5 | $0 | $0 |
| Marta L Tellado | Trustee Trustee or director | 5 | $0 | $0 |
| Maurie McInnis | Trustee Trustee or director | 5 | $0 | $0 |
| Michael J Cavanagh | Trustee Trustee or director | 5 | $0 | $0 |
| Michael Warren | Trustee Trustee or director | 5 | $0 | $0 |
| Susan Bysiewicz | Trustee (ex-officio) Trustee or director | 0 | $0 | $0 |
| William E Kennard | Trustee Trustee or director | 5 | $0 | $0 |
| Renee Kopkowski | VP for Communications (effective 4/1/23) Officer | 50 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 208239, NEW HAVEN, CT 06520-8239
- Principal officer (990 for 2024)
- Maurie McInnis, PO Box 208229, New Haven, CT 065208229
- Signed the 990
- Stephen C Murphy, VP For Finance and CFO
- Phone
- (203) 432-5530
- Website
- www.yale.edu
Mission
SEE SCHEDULE O
Program accomplishments
- Instruction: The program service costs include salaries, fringe benefits and supplies of teaching approximately 15,500 students including 6,741 undergraduates and 8,750 graduate and professional school students. A faculty of nearly 5,750 teach and administer programs across a range of disciplines in the sciences and engineering, the social sciences, the humanities, and the various learned professions. More than 80 majors are available in the undergraduate college and more than 35 different degree programs are offered by the university. In addition to the graduate school of arts and sciences, the university has professional schools in disciplines of architecture, art, divinity, drama, engineering and applied science, global affairs, the environment, law, management, medicine, music, nursing, and public health.Expenses $2,935,120,712 · grants $81,708,509 · revenue $2,641,862,509
- Student financial aid and services: Yale college admits students for their academic and personal promise without regard to their ability to pay. Yale is committed to an admissions policy that does not consider a student's ability to pay, and a financial aid policy that meets the full need of all students with no loans required. These two principles: need-blind admissions and need-based financial aid, ensure that a Yale education is affordable for everyone. With this policy, Yale strives to create a learning environment accessible to the most talented students from around the world and that incorporates the widest possible range of student backgrounds. In FY2025, 3,801 or 56% of undergraduates received need-based scholarships or grants from Yale sources of $68,129 on average. All of Yale's graduate and professional schools provide financial aid to their students based on their individual policies and procedures. (Continued on Schedule O)Expenses $1,063,574,082 · grants $592,362,548 · revenue $141,151,886
- Research: The University engages in extensive research in medicine, science, engineering, the arts, social sciences, and humanities. The University's research activities are aimed at the advancement of knowledge as well as training students in the research process. As integral parts of a unified, innovative, and accessible student-centered research University, Yale's labs and classrooms are turning out groundbreaking medical and scientific discoveries and the next generation of innovators in many areas of research excellence. The University's outstanding facilities devoted to research are comprised of myriad laboratories, centers, libraries, collections, and institutes that focus on research in geology, chemistry, biology, engineering and applied science, anthropology, paleontology, psychology, molecular and structural biology, nuclear structure, child development, social policy, biospheric studies and numerous biomedical sciences, to name but a few.Expenses $936,048,613 · grants $155,978,767 · revenue $236,252,710
- OTHER PROGRAM SERVICES INCLUDE ACADEMIC SUPPORT, PUBLIC SERVICE, AND OTHER INSTITUTIONAL SUPPORT.Expenses $880,290,172 · grants $31,127,183 · revenue $136,383,045
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0646973
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Group exemption
- 9233 (86 member organizations)
- Assets (IRS master file)
- $58,926,726,383
- Income (IRS master file)
- $23,383,390,848
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,452,768,034 | $6,672,258,952 | $58,926,726,383 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $6,841,256,079 | $6,197,071,259 | $55,210,972,740 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $6,315,023,788 | $5,612,701,248 | $54,308,947,172 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $7,410,414,729 | $5,113,408,089 | $54,599,818,948 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | $7,616,500,018 | $4,656,059,084 | $56,104,600,801 | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0646973).
Questions about YALE UNIVERSITY
- What is the EIN of YALE UNIVERSITY?
- The employer identification number (EIN) of YALE UNIVERSITY is 06-0646973.
- Is YALE UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to YALE UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does YALE UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of YALE UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YALE UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of YALE UNIVERSITY?
- The 990 for the year ended June 30, 2025 names Maurie McInnis.
- Who are the officers and directors of YALE UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 39 people; 23 received compensation from the organization, the highest $2,736,107 (Matthew S T Mendelsohn, Chief Investment Officer).
- How much revenue does YALE UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,452,768,034, expenses of $6,672,258,952 and total assets of $58,926,726,383 at year end.
Organizations in its group exemption (86)
- YALE UNIVERSITY EIN 91-1864328 · NEW HAVEN, CT · last filed 990 for 2025
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- ACHIEVEMENT FIRST RHODE ISLAND EIN 46-1986417 · last filed 990 for 2025
- ALBERTUS MAGNUS COLLEGE EIN 06-0646520 · last filed 990 for 2025
- ACHIEVEMENT FIRST INC EIN 65-1203744 · last filed 990 for 2025
- HOPKINS SCHOOL INCORPORATED EIN 06-0646674 · last filed 990 for 2025
- BOARD OF TRUSTEES OF THE SHEFFIELD SCIENTIFIC SCHOOL EIN 06-6032565 · last filed 990 for 2025
- FOOTE SCHOOL ASSOCIATION INC EIN 06-0646647 · last filed 990 for 2025