501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 204 volunteers and 29,156 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $203.2M a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12.9M
to officers and key staff · 0.4% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $4.92B in investments, Pt X · Ln 11–13
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $4.7M
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.9B
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 34 voting members
Looks good: 32 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5B
+8% vs prior year
Spent
$3.4B
To programs
91%
Net assets
$6.4B
By yearFY2020–FY2025
Revenue
$3.5B
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6B
FY2021$2.8B
FY2022$3.1B
FY2023$3.3B
FY2024$3.3B
FY2025$3.5B
Expenses
$3.4B
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5B
FY2021$2.5B
FY2022$2.8B
FY2023$3.0B
FY2024$3.2B
FY2025$3.4B
Net assets
$6.4B
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.2B
FY2021$5.3B
FY2022$5.2B
FY2023$5.7B
FY2024$6.0B
FY2025$6.4B

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1937.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $3.1B Management & general 8% · $267.6M Fundraising 1% · $43.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

52 people listed on the 990; $12.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Investment Officer
$1,521,326Pt VII · Sec A
Professor & Oral Surgeon
$1,517,272Pt VII · Sec A
President (as of 7/1/24)
$1,350,089Pt VII · Sec A
Med. Campus Provost (until 6/30/25)
$1,097,104Pt VII · Sec A
FMR Int Pres (8/1/23-6/30/24) & Prof
$1,094,978Pt VII · Sec A
FMR President (until 7/31/23) & Prof
$1,007,277Pt VII · Sec A
FMR Uni Prov (until 6/30/23) & Prof
$850,827Pt VII · Sec A
SR VP, Gen Counsel, Secretary
$798,491Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert a Brown$1,007,277$3,081,898$2,075,207$1,541,037$1,576,994$1,602,979
Pushkar Mehra$1,517,272$1,796,153$1,347,173$1,856,464$1,280,964$1,478,966
Jean Morrison$850,827$1,670,350$1,054,028$847,834$1,173,292$813,315
Clarissa C Hunnewell$1,521,326$1,412,646$1,295,975———
Melissa L Gilliam$1,350,089—————
Clarissa Hunnewell———$1,222,839$1,194,762$1,186,353
Karen H Antman MD$1,097,104$1,057,855$1,011,766———
Kenneth W Freeman$1,094,978$971,647————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Trustees of Boston University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Provides essential, self-supporting services like housing and dining to a university community.

Questions for Trustees of Boston University

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Your first name shows with your question. Trustees of Boston University answers here, for everyone.

Provided by the organization

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3 programs · $2.9B · in their own filed words · FY2024
01

See schedule o

$2.0Bprogram expense
02

Research

What sets boston university apart as a research university is the breadth and depth of its research and the uniquely entrepreneurial spirit of its faculty. Researchers at bu are not afraid to cross disciplinary boundaries, as can be seen by strategic efforts to support interdisciplinary research and education in neuroscience, religion…

$455.0Mprogram expense
03

Auxiliaries

Auxiliary enterprises support the mission of boston university by providing essential services to the campus community. They are enterprises in that they are generally self-supporting activities, recovering their costs through the fees or prices they charge for their goods and services.

$393.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 22 funders →
Grants paid · 1,687 grants · $1.0B · 2019–2024
Unitemized GrantFY2024$39,920,216
Unitemized GrantFY2024$20,826,699
Day Zero Diagnostics INCFY2024$5,338,365
Mass General Brigham IncorporatedMA · FY2024$5,102,054
Cellics Therapeutics INCFY2024$4,970,180
Locus Biosciences INCFY2024$3,757,563
Visby Medical INCFY2024$3,625,868
Boston Medical Center CorporationMA · FY2024$2,960,015
Avails Medical INCFY2024$2,742,781
Regents Univ of CaliforniaCA · FY2024$2,406,437
University of Alabama at BirminghamFY2024$1,956,820
University of MassachusettsFY2024$1,955,376
Unitemized GrantFY2024$1,939,053
See all 1,687 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.5B
Ln 12
Fees for servicesLn 2g$2.5B
Gifts and grantsLn 1h$784.0M
Investment incomeLn 3$199.0M
Money outPt IX
$3.4B
Ln 25
Programscol B$3.1B
Managementcol C$267.6M
Fundraisingcol D$43.1M
Owns and owesPt X
$6.4B
net assets · Ln 32
Cash and savingsLn 1–2$608.0M
Total assetsLn 16$9.3B
LiabilitiesLn 26$2.9B
PeoplePt VI, VII
52
listed · VII A
PaidVII A14
Voting boardVI 1a34
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$784.0M
Government grantsLn 1e$510.6M
Noncash giftsLn 1g$11.9M
Fundraising eventsLn 1c$1.6M
Fees for servicesLn 2g$2.5B
Investment incomeLn 3$199.0M
Other incomeLn 4–11$41.7M
Gains on assetsLn 7$122.5M
Total revenueLn 12$3.5B
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$608.0M
Cash and savings togetherLn 1–2$608.0M
InvestmentsLn 11–13$4.92B
Land, buildings, equipmentLn 10c$3.12B
Other assetsLn 15$80.6M
Total assetsLn 16$9.3B
LiabilitiesLn 26$2.9B
Net assetsLn 32$6.4B
OperationsPt I, VI
EmployeesI 529,156
VolunteersI 6204
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$219.7M$608.0M
InvestmentsLn 11–13$4.66B$4.92B
Land, buildings, equipmentLn 10c$3.05B$3.12B
Total assetsLn 16$8.49B$9.26B
LiabilitiesLn 26$2.53B$2.91B
Net assetsLn 32$5.96B$6.35B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$109.9M$109.9M
Grants to domestic individualsLn 2$760.7M$760.7M
Grants and assistance to foreign recipientsLn 3$68.1M$68.1M
Pay of current officers, directors and key staffLn 5$9.8M$8.7M$596K$465K
Pay of disqualified personsLn 6$443K$443K
Other salaries and wagesLn 7$1.23B$1.09B$114.9M$25.1M
Pension plan contributionsLn 8$105.4M$93.4M$9.9M$2.2M
Other employee benefitsLn 9$182.5M$161.7M$17.1M$3.7M
Payroll taxesLn 10$101.0M$89.5M$9.4M$2.1M
Legal feesLn 11b$4.1M$4.1M
Accounting feesLn 11c$1.1M$1.1M
Lobbying feesLn 11d$200K$200K
Professional fundraising feesLn 11e$495K$495K
Investment management feesLn 11f$2.4M$2.4M
Other fees for servicesLn 11g$183.5M$138.5M$41.4M$3.6M
Advertising and promotionLn 12$16.3M$14.5M$1.7M$140K
Office expensesLn 13$49.1M$36.8M$10.5M$1.8M
Information technologyLn 14$59.0M$53.3M$5.5M$251K
RoyaltiesLn 15$1.7M$1.7M
OccupancyLn 16$246.6M$214.8M$31.8M$12K
TravelLn 17$38.5M$34.4M$1.3M$2.7M
Conferences, conventions and meetingsLn 19$13.9M$12.6M$784K$492K
Depreciation, depletion and amortizationLn 22$161.8M$153.3M$8.6M$5K
InsuranceLn 23$10.2M$4.9M$5.3M
Other expenses (24a–d)Ln 24$61.7M$60.4M$1.3M$37K
All other expensesLn 24e$2.2M$2.1M$36K$18K
Total functional expensesLn 25$3.42B$3.11B$267.6M$43.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.5B$3.4B$94.8M$6.4B 990 PDF
FY2024 $3.3B$3.2B$61.6M$6.0B 990 PDF
FY2023 $3.3B$3.0B$304.5M$5.7B 990 PDF
FY2022 $3.1B$2.8B$291.4M$5.2B 990 PDF
FY2021 $2.8B$2.5B$356.5M$5.3B 990 PDF
FY2020 $2.6B$2.5B$110.6M$4.2B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,513,830,353 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $709,188,163$783,991,107
I-9 Program service revenuePrior year $2,399,893,218$2,489,134,642
I-10 Investment incomePrior year $117,067,805$198,978,438
I-11 Other revenuePrior year $31,414,164$41,726,166
I-12 Total revenuePrior year $3,257,563,350$3,513,830,353
I-13 Grants and similar amounts paidPrior year $858,377,304$938,613,847
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,525,335,232$1,627,719,708
I-16a Professional fundraising feesPrior year $528,998$495,480
I-17 Other expensesPrior year $811,718,277$852,210,053
I-18 Total expensesPrior year $3,195,959,811$3,419,039,088
I-19 Revenue less expensesPrior year $61,603,539$94,791,265
Part VI · Governance 32 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members32
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,513,830,353 across 13 lines filed
Lines not itemized here account for $3,180,867 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,600,894
VIII-1e Government grants$510,560,836
VIII-1f All other contributions, gifts and grants$271,829,377
VIII-1g Noncash contributions (included above)$11,912,937
VIII-1h Total contributions, gifts and grants$783,991,107
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,489,134,642$2,489,134,642
VIII-3 Investment incomeUnrelated business $2,256,229 · Excluded from tax $74,220,868$76,477,097
VIII-5 RoyaltiesExcluded from tax $6,719,668$6,719,668
VIII-6 Net rental income or lossExcluded from tax $4,164,181$4,164,181
VIII-7 Net gain or loss on sales of assetsUnrelated business $3,654,195 · Excluded from tax $118,847,146$122,501,341
VIII-8 Net income from fundraising eventsExcluded from tax $405,056$405,056
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $27,256,394$27,256,394
VIII-12 Total revenueRelated to mission $2,489,134,642 · Unrelated business $36,347,685 · Excluded from tax $204,356,919$3,513,830,353
Part IX · Statement of functional expenses $3,419,039,088 across 26 lines filed
IX-1 Grants to domestic organizationsPrograms $109,873,767$109,873,767
IX-2 Grants to domestic individualsPrograms $760,668,086$760,668,086
IX-3 Grants and assistance to foreign recipientsPrograms $68,071,994$68,071,994
IX-5 Pay of current officers, directors and key staffPrograms $8,707,736 · Management $596,267 · Fundraising $465,306$9,769,309
IX-6 Pay of disqualified personsPrograms $442,569$442,569
IX-7 Other salaries and wagesPrograms $1,088,656,759 · Management $114,871,784 · Fundraising $25,052,721$1,228,581,264
IX-8 Pension plan contributionsPrograms $93,433,465 · Management $9,858,818 · Fundraising $2,150,138$105,442,421
IX-9 Other employee benefitsPrograms $161,711,245 · Management $17,063,284 · Fundraising $3,721,381$182,495,910
IX-10 Payroll taxesPrograms $89,486,571 · Management $9,442,354 · Fundraising $2,059,310$100,988,235
IX-11b Legal feesManagement $4,145,368$4,145,368
IX-11c Accounting feesManagement $1,064,195$1,064,195
IX-11d Lobbying feesPrograms $200,224$200,224
IX-11e Professional fundraising feesFundraising $495,480$495,480
IX-11f Investment management feesManagement $2,406,986$2,406,986
IX-11g Other fees for servicesPrograms $138,492,794 · Management $41,425,915 · Fundraising $3,615,812$183,534,521
IX-12 Advertising and promotionPrograms $14,480,441 · Management $1,679,598 · Fundraising $140,120$16,300,159
IX-13 Office expensesPrograms $36,838,556 · Management $10,451,015 · Fundraising $1,816,091$49,105,662
IX-14 Information technologyPrograms $53,280,866 · Management $5,465,825 · Fundraising $250,805$58,997,496
IX-15 RoyaltiesPrograms $1,676,782$1,676,782
IX-16 OccupancyPrograms $214,770,113 · Management $31,807,769 · Fundraising $12,155$246,590,037
IX-17 TravelPrograms $34,384,895 · Management $1,335,126 · Fundraising $2,736,319$38,456,340
IX-19 Conferences, conventions and meetingsPrograms $12,608,092 · Management $784,372 · Fundraising $492,398$13,884,862
IX-22 Depreciation, depletion and amortizationPrograms $153,250,652 · Management $8,568,637 · Fundraising $5,169$161,824,458
IX-23 InsurancePrograms $4,853,551 · Management $5,298,708$10,152,259
IX-24 Other expenses (24a–d)Programs $60,352,662 · Management $1,280,915 · Fundraising $37,272$61,670,849
IX-24e All other expensesPrograms $2,145,207 · Management $36,380 · Fundraising $18,268$2,199,855
IX-25 Total functional expensesPrograms $3,108,387,027 · Management $267,583,316 · Fundraising $43,068,745$3,419,039,088
Part X · Balance sheet $9,263,866,015 assets, 19 lines filed
Asset lines not itemized here account for $11,786,695; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $219,732,441$608,023,456
X-3 Pledges and grants receivableStart of year $154,330,448$108,772,067
X-4 Accounts receivableStart of year $240,385,921$371,821,017
X-9 Prepaid expenses and deferred chargesStart of year $49,816,480$48,625,386
X-10c Land, buildings and equipment, netStart of year $3,051,788,890$3,116,172,244
X-11 Publicly traded securitiesStart of year $1,891,701,000$1,874,054,322
X-12 Other securitiesStart of year $2,773,223,578$3,044,028,333
X-15 Other assetsStart of year $93,649,577$80,582,495
X-16 Total assetsStart of year $8,486,418,500$9,263,866,015
X-17 Accounts payable and accrued expensesStart of year $224,872,178$338,410,643
X-19 Deferred revenueStart of year $274,394,052$299,888,887
X-20 Tax-exempt bond liabilitiesStart of year $1,052,380,000$1,518,824,700
X-25 Other liabilitiesStart of year $310,760,242$241,189,907
X-26 Total liabilitiesStart of year $2,530,552,719$2,912,386,744
X-27 Net assets without donor restrictionsStart of year $3,651,384,781$3,864,830,271
X-28 Net assets with donor restrictionsStart of year $2,304,481,000$2,486,649,000
X-32 Total net assets or fund balancesStart of year $5,955,865,781$6,351,479,271
X-33 Total liabilities and net assetsStart of year $8,486,418,500$9,263,866,015
Part XI · Reconciliation of net assets $6,351,479,271 net assets at year end
XI-1 Total revenue$3,513,830,353
XI-2 Total expenses$3,419,039,088
XI-3 Revenue less expenses$94,791,265
XI-4 Net assets at start of year$5,955,865,781
XI-5 Net unrealized gains (losses) on investments$302,345,130
XI-9 Other changes in net assets−$1,522,905
XI-10 Net assets at end of year$6,351,479,271

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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