Brandeis University EIN 04-2103552

Brandeis University

EIN  04-2103552 Higher education institution Waltham, MA Founded 1947
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Provides student life services like housing, dining, health, and counseling to enhance the out-of-classroom experience.
Leadership
Ronald Liebowitz · President (thru 11/1/24) · $1.3M
Money in and out
$496.9M revenue, $548.9M expenses
Bottom line
-10% operating surplus

Provides student life services like housing, dining, health, and counseling to enhance the out-of-classroom experience. For fiscal year 2024 it reported $496.9M in revenue, $548.9M in expenses, and $1.5B in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$496.9M
Pt VIII · Ln 12
Total expenses
$548.9M
Pt IX · Ln 25
Net assets
$1.5B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$52.0M
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Operating surplus
-10%
revenue over expenses, this legal entity▼ -21% vs prior filing year
Payroll share
46%
of this entity's spending is salaries & benefits▲ +2% vs prior filing year
Program spending
87%
of expenses reach program services▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$496.9M
FY2024▼ -1%
Expenses
$548.9M
FY2024▲ +1%
Total assets
$2.0B
FY2024▲ +12%
Total liabilities
$446.6M
FY2024▲ +37%
Total revenue
$496.9M
Pt VIII · Ln 12
Total expenses
$548.9M
Pt IX · Ln 25
Net assets
$1.5B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$52.0M
Total assetsPt X · Ln 16$2.0B
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 345
Independent voting membersPt I · Ln 443
Mission & Programs · Part III

Where the work happens

3 program services account for $477.5M of program spending, described in the organization's own filed words · FY2024.
01

Instructional and Academic Support

Brandeis university is a rare combination of a liberal arts college and a global research university. Our student body numbers 4,900, including undergraduates and graduate students. We have a graduate school of arts and sciences and two professional schools, the heller school for social policy and management and the international…

$367.3Mprogram expense
02

Sponsored programs include various research and instructional programs funded by external parties, including the federal government, foreign and state governments and private foundations and corporations. Brandeis research is at the heart of many societal, artistic, intellectual and scientific advances.

$66.6Mprogram expense
03

Auxiliary Enterprises

Brandeis university serves the needs and interests of students and has broad responsibility for the services and activities that enhance the quality of student life outside the classroom. These services and activities include but are not limited to community living, dining services, health center, psychological counseling center, and…

$43.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrandeis University
EINHdr · item D04-2103552
Principal addressHdr · item CWaltham, MA
WebsiteHdr · item Jwww.brandeis.edu
Year of formationHdr · item L1947
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFSep 1941

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a45
Independent voting membersPt VI · Ln 1b43
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President (thru 11/1/24)
$1,284,634Pt VII · Sec A
Chief Investment Officer
$707,896Pt VII · Sec A
Provost, EVP Academic Affairs
$648,588Pt VII · Sec A
EVP Finance and Administration
$585,365Pt VII · Sec A
$507,141Pt VII · Sec A
Director of Investments
$409,234Pt VII · Sec A
CFO, Treasurer
$386,857Pt VII · Sec A
Chief Information Officer
$377,566Pt VII · Sec A

Ronald Liebowitz’s $1.3M as President (thru 11/1/24) is at the 82nd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Ronald Liebowitz$1,284,634$1,023,793$1,217,024$803,640$798,798
Ronald Liebowitz$1,141,607
Nicholas Warren$243,221$821,455$779,656
Nicholas Warren$801,573
Tarek Saghir$707,896$694,635$468,733$365,773
Carol Fierke$648,588$639,566$623,080$617,467
Stewart Uretsky$585,365$576,466$558,337$495,701$506,166
Stewart Uretsky$527,171

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.

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Statement of Revenue

Part VIII
Program service revenue$369.4M · 74%
Contributions & grants$113.7M · 23%
Investment income$9.0M · 2%
Other revenue$4.9M · 1%
Program service revenue74%$369.4M
Contributions & grants23%$113.7M
Investment income2%$9.0M
Other revenue1%$4.9M
— government grantsLn 1e$65.1M
Total revenueLn 12$496.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Program services87%$477.5M
Management & general11%$58.1M
Fundraising2%$13.3M
Total functional expensesLn 25$548.9M

Balance Sheet

Part X · end of year
CashLn 1$46.3M
Total assetsLn 16$2.0B
Total liabilitiesLn 26$446.6M
Total net assetsLn 32$1.5B
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4B · Operating expenses (Pt IX) $548.9M · Less non-cash grants $10.0M · Cash operating expenses/yr $538.9M
31.8 months
Where the money goes
Program services
Program services $477.5M · Total expenses $548.9M
87%
Management & General
Management & general $58.1M · Total expenses $548.9M
11%
Fundraising
Fundraising $13.3M · Total expenses $548.9M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $13.0M · Solicited contributions (3-yr avg) $47.2M
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $113.7M · Total revenue $496.9M
23%
Government reliance
Government grants $65.1M · Total revenue $496.9M
13%
Earned-income share
Program service revenue $369.4M · Total revenue $496.9M
74%
Investment reliance
Investment income $9.0M · Total revenue $496.9M
+2%
Program self-sufficiency
Program service revenue $369.4M · Total expenses $548.9M
67%
Growth & trend
Revenue growth (YoY)
This year $496.9M · Prior year $502.5M
-1%
Revenue CAGR
FY2019 $457.4M · FY2024 $496.9M
+2%
Net-asset trend (YoY)
End of year $1.5B · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $496.9M · Expenses $548.9M
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0B
Net-asset ratio
Net assets $1.5B · Total assets $2.0B
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $136.3M · Other securities (Pt X, ln 12) $1.2B · Total assets (Pt X, ln 16) $2.0B
70%
People & payroll
Highest Reported Total Compensation
Individual Ronald Liebowitz · Reported title PRESIDENT (THRU 11/1/24) · Highest reported compensation $1.3M · Total expenses $548.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $252.3M · Total expenses $548.9M
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 11%
Fundraising cost ratio 12%
Revenue growth -1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 19 funders →
Grants paid · 339 grants · $727.6M · 2019–2024
Unitemized GrantFY2024$94,607,036
Unitemized GrantFY2024$17,648,863
Unitemized GrantFY2024$14,036,876
Mass General Brigham IncorporatedMA · FY2024$1,166,219
Trustees of Boston UniversityMA · FY2024$673,080
Unitemized GrantFY2024$585,275
NorcIL · FY2024$517,593
Trustees of Tufts CollegeMA · FY2024$284,426
Cambridge Public Health CommissionFY2024$232,166
University of Massachusetts - WorcesterFY2024$189,154
University of Massachusetts - AmherstFY2024$146,858
Detroit Recovery ProjectMI · FY2024$133,641
See all 339 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$502.5M revenue · ⤓ 990 PDF
FY2023$478.7M revenue · ⤓ 990 PDF
FY2022$479.5M revenue · ⤓ 990 PDF
FY2021$399.6M revenue · ⤓ 990 PDF
FY2020$457.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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