Fordham University

Tax-deductible

Bronx, NY501(c)(3)Since 1841Colleges & UniversitiesEIN 13-1740451

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Fordham University, the jesuit University of new york, is committed to the discovery of wisdom and the transmission of learning, through research and through education of the highest quality. For more information, see schedule o.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 2,991 volunteers and 8,154 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $20.2M a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 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
$10.5M
to officers and key staff · 0.9% of spending
Top officer’s pay higher than 87% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $317K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$799.2M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
36
of 38 voting members
Looks good: 36 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2B
+9% vs prior year
Spent
$1.2B
To programs
91%
Net assets
$1.8B
By yearFY2020–FY2024
Revenue
$1.2B
FY2024▲ +9%
Revenue by fiscal year
FY2020$936.1M
FY2021$953.9M
FY2022$1.1B
FY2023$1.0B
FY2024$1.1B
FY2024$1.2B
Expenses
$1.2B
FY2024▲ +7%
Expenses by fiscal year
FY2020$919.9M
FY2021$925.2M
FY2022$1.0B
FY2023$1.0B
FY2024$1.1B
FY2024$1.2B
Net assets
$1.8B
FY2024▲ +7%
Net assets by fiscal year
FY2020$1.4B
FY2021$1.6B
FY2022$1.6B
FY2023$1.6B
FY2024$1.7B
FY2024$1.8B

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1938.

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% · $1.1B Management & general 7% · $79.8M Fundraising 2% · $20.8M

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

57 people listed on the 990; $10.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Trustee
$1,595,734Pt VII · Sec A
Head Men's Basketball Coach (thru 03/25)
$899,114Pt VII · Sec A
Provost & SVP of Academic Affairs
$712,072Pt VII · Sec A
SVP, CFO & Treasurer
$670,192Pt VII · Sec A
VP for Development & University Relations
$638,629Pt VII · Sec A
Chief Investment Officer
$582,834Pt VII · Sec A
Dean & Professor
$542,144Pt VII · Sec A
$524,238Pt VII · Sec A

Tania Tetlow’s $1.6M as President & Trustee is at the 87th 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
Tania Tetlow$1,595,734$1,516,067$691,843———
Keith a Urgo$899,114$1,047,652$528,121———
Dennis C Jacobs$712,072$685,432$661,121$651,282$653,926$327,555
Martha K Hirst$331,205$703,662$618,785$613,746$614,820$577,281
Donna Rappaccioli——$632,443$684,519$690,422$657,570
Olatokumbo Shobowale$670,192$143,015————
Jeffrey M Neubauer————$655,230$633,475
Roger Milici$638,629$544,099$482,959$434,002$441,358$420,575

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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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

Programs and updates

Provides high-quality undergraduate and graduate education in the Jesuit tradition, alongside student housing, dining, and campus support services.

Provided by the organization

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2 program services account for $1.1B of program spending, described in the organization's own filed words · FY2024.
01

Higher education fordham university is an independent, not-for-profit, coeducational, institution of higher learning, in the jesuit tradition, with its principal campuses located in new york city. Fordham university serves and educates approximately 10,200 undergraduate students and 5,200 graduate and professional students.

$952.8Mprogram expense
02

Student housing & food services the university provides various services for the benefit of its students, faculty and staff and in support of educational activities.

$113.7Mprogram expense

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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 15 funders →
Grants paid · 155 grants · $1.9B · 2019–2024
Unitemized GrantFY2024$378,334,331
Yale UniversityCT · FY2024$539,306
Duke UniversityNC · FY2024$246,068
Indiana UniversityIN · FY2024$241,301
Regents Univ of CaliforniaCA · FY2024$188,746
Central Connecticut State UniversityFY2024$177,787
University of ChicagoIL · FY2024$126,533
Conprmetidos CorpPR · FY2024$119,752
Bluegrass Community and Technical CollegeFY2024$113,475
PilnetNY · FY2024$88,459
University of WashingtonFY2024$84,427
Butler HospitalRI · FY2024$71,527
See all 155 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2B
Ln 12
Fees for servicesLn 2g$1.0B
Gifts and grantsLn 1h$179.8M
Investment incomeLn 3$10.0M
Money outPt IX
$1.2B
Ln 25
Programscol B$1.1B
Managementcol C$79.8M
Fundraisingcol D$20.8M
Owns and owesPt X
$1.8B
net assets · Ln 32
Cash and savingsLn 1–2$85.6M
Total assetsLn 16$2.6B
LiabilitiesLn 26$799.2M
PeoplePt VI, VII
57
listed · VII A
PaidVII A21
Voting boardVI 1a38
IndependentVI 1b36
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$179.8M
Government grantsLn 1e$32.1M
Noncash giftsLn 1g$6.6M
Fundraising eventsLn 1c$1.9M
Fees for servicesLn 2g$1.0B
Investment incomeLn 3$10.0M
Other incomeLn 4–11$893K
Gains on assetsLn 7−$17.2M
Total revenueLn 12$1.2B
Assets in detailPt X, end of year
CashLn 1$7.6M
SavingsLn 2$78.0M
Cash and savings togetherLn 1–2$85.6M
InvestmentsLn 11–13$1.00B
Land, buildings, equipmentLn 10c$1.16B
Other assetsLn 15$127.3M
Total assetsLn 16$2.6B
LiabilitiesLn 26$799.2M
Net assetsLn 32$1.8B
OperationsPt I, VI
EmployeesI 58,154
VolunteersI 62,991
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$84.5M$85.6M
InvestmentsLn 11–13$956.3M$1.00B
Land, buildings, equipmentLn 10c$1.17B$1.16B
Total assetsLn 16$2.45B$2.59B
LiabilitiesLn 26$781.2M$799.2M
Net assetsLn 32$1.67B$1.79B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.6M$4.6M
Grants to domestic individualsLn 2$378.3M$378.3M
Grants and assistance to foreign recipientsLn 3$383K$383K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$5.8M$5.4M$345K$97K
Other salaries and wagesLn 7$344.5M$296.6M$36.8M$11.1M
Pension plan contributionsLn 8$25.1M$23.2M$1.5M$419K
Other employee benefitsLn 9$70.0M$62.6M$3.6M$3.9M
Payroll taxesLn 10$27.6M$25.5M$1.6M$461K
Legal feesLn 11b$998K$998K
Accounting feesLn 11c$404K$404K
Lobbying feesLn 11d$12K$12K
Professional fundraising feesLn 11e$431K$431K
Investment management feesLn 11f$11.4M$11.4M
Other fees for servicesLn 11g$27.3M$20.6M$6.7M$0
Advertising and promotionLn 12$8.7M$8.1M$231K$329K
Office expensesLn 13$12.8M$11.5M$881K$365K
Information technologyLn 14$15.1M$14.1M$1.0M$4K
RoyaltiesLn 15$94K$94K
OccupancyLn 16$51.8M$48.7M$2.5M$621K
TravelLn 17$11.4M$10.6M$344K$388K
Conferences, conventions and meetingsLn 19$11.8M$10.1M$1.0M$642K
InterestLn 20$17.3M$16.5M$798K
Depreciation, depletion and amortizationLn 22$58.1M$52.6M$4.1M$1.4M
InsuranceLn 23$6.4M$3.5M$2.9M$5K
Other expenses (24a–d)Ln 24$50.5M$50.5M$1K$316
All other expensesLn 24e$26.4M$23.0M$2.7M$659K
Total functional expensesLn 25$1.17B$1.07B$79.8M$20.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1B$1.1B$31.8M$1.7B 990 PDF
FY2023 $1.0B$1.0B−$26.1M$1.6B 990 PDF
FY2022 $1.1B$1.0B$50.6M$1.6B 990 PDF
FY2021 $953.9M$925.2M$28.7M$1.6B 990 PDF
FY2020 $936.1M$919.9M$16.2M$1.4B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,225,879,469 across 16 lines filed
Lines not itemized here account for $2,387,472 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$1,915,451
VIII-1d Related organizations$0
VIII-1e Government grants$32,088,907
VIII-1f All other contributions, gifts and grants$145,816,553
VIII-1g Noncash contributions (included above)$6,643,776
VIII-1h Total contributions, gifts and grants$179,820,911
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,032,239,079 · Unrelated business $0 · Excluded from tax $1,083,077$1,033,322,156
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $6,974,965 · Excluded from tax $19,725,041$26,700,006
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,153,062$1,153,062
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $395,410$395,410
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$17,244,086−$17,244,086
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$1,164,721−$1,164,721
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $509,259 · Excluded from tax $0$509,259
VIII-12 Total revenueRelated to mission $1,034,109,633 · Unrelated business $7,484,224 · Excluded from tax $4,464,701$1,225,879,469
Part IX · Statement of functional expenses $1,167,075,092 across 27 lines filed
IX-1 Grants to domestic organizationsPrograms $4,597,753$4,597,753
IX-2 Grants to domestic individualsPrograms $378,334,331$378,334,331
IX-3 Grants and assistance to foreign recipientsPrograms $383,204$383,204
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $5,377,565 · Management $344,556 · Fundraising $97,188$5,819,309
IX-7 Other salaries and wagesPrograms $296,592,597 · Management $36,830,779 · Fundraising $11,072,688$344,496,064
IX-8 Pension plan contributionsPrograms $23,193,393 · Management $1,486,068 · Fundraising $419,173$25,098,634
IX-9 Other employee benefitsPrograms $62,581,889 · Management $3,558,483 · Fundraising $3,907,264$70,047,636
IX-10 Payroll taxesPrograms $25,500,867 · Management $1,633,915 · Fundraising $460,876$27,595,658
IX-11b Legal feesManagement $998,047$998,047
IX-11c Accounting feesManagement $404,100$404,100
IX-11d Lobbying feesManagement $11,850$11,850
IX-11e Professional fundraising feesFundraising $430,854$430,854
IX-11f Investment management feesManagement $11,382,045$11,382,045
IX-11g Other fees for servicesPrograms $20,599,740 · Management $6,650,857 · Fundraising $0$27,250,597
IX-12 Advertising and promotionPrograms $8,113,975 · Management $231,110 · Fundraising $329,154$8,674,239
IX-13 Office expensesPrograms $11,541,106 · Management $881,380 · Fundraising $365,426$12,787,912
IX-14 Information technologyPrograms $14,054,656 · Management $1,045,700 · Fundraising $3,642$15,103,998
IX-15 RoyaltiesPrograms $94,285$94,285
IX-16 OccupancyPrograms $48,662,338 · Management $2,478,201 · Fundraising $621,452$51,761,991
IX-17 TravelPrograms $10,627,097 · Management $344,423 · Fundraising $388,354$11,359,874
IX-19 Conferences, conventions and meetingsPrograms $10,126,810 · Management $1,029,237 · Fundraising $642,432$11,798,479
IX-20 InterestPrograms $16,461,792 · Management $798,078$17,259,870
IX-22 Depreciation, depletion and amortizationPrograms $52,619,513 · Management $4,065,525 · Fundraising $1,393,894$58,078,932
IX-23 InsurancePrograms $3,547,218 · Management $2,853,875 · Fundraising $4,952$6,406,045
IX-24 Other expenses (24a–d)Programs $50,531,498 · Management $1,119 · Fundraising $316$50,532,933
IX-24e All other expensesPrograms $22,967,035 · Management $2,740,391 · Fundraising $659,026$26,366,452
IX-25 Total functional expensesPrograms $1,066,508,662 · Management $79,769,739 · Fundraising $20,796,691$1,167,075,092
Part X · Balance sheet $2,586,282,259 assets, 21 lines filed
Asset lines not itemized here account for $4,170,170; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,452,167$7,640,786
X-2 Savings and temporary cash investmentsStart of year $83,059,855$77,980,791
X-3 Pledges and grants receivableStart of year $103,814,282$181,385,778
X-4 Accounts receivableStart of year $13,283,309$12,694,564
X-8 Inventories for sale or useStart of year $669,512$631,603
X-9 Prepaid expenses and deferred chargesStart of year $10,737,335$8,810,742
X-10c Land, buildings and equipment, netStart of year $1,168,685,063$1,163,591,289
X-11 Publicly traded securitiesStart of year $58,346,243$80,966,628
X-12 Other securitiesStart of year $897,963,945$921,132,986
X-15 Other assetsStart of year $110,578,554$127,276,922
X-16 Total assetsStart of year $2,453,071,111$2,586,282,259
X-17 Accounts payable and accrued expensesStart of year $71,346,465$71,642,620
X-19 Deferred revenueStart of year $50,488,548$67,257,533
X-20 Tax-exempt bond liabilitiesStart of year $456,778,585$430,385,546
X-24 Unsecured notes and loans payableStart of year $20,000,000$15,000,000
X-25 Other liabilitiesStart of year $148,762,411$176,114,457
X-26 Total liabilitiesStart of year $781,181,922$799,239,524
X-27 Net assets without donor restrictionsStart of year $781,721,886$776,339,735
X-28 Net assets with donor restrictionsStart of year $890,167,303$1,010,703,000
X-32 Total net assets or fund balancesStart of year $1,671,889,189$1,787,042,735
X-33 Total liabilities and net assetsStart of year $2,453,071,111$2,586,282,259
Part XI · Reconciliation of net assets $1,787,042,735 net assets at year end
XI-1 Total revenue$1,225,879,469
XI-2 Total expenses$1,167,075,092
XI-3 Revenue less expenses$58,804,377
XI-4 Net assets at start of year$1,671,889,189
XI-5 Net unrealized gains (losses) on investments$69,811,243
XI-9 Other changes in net assets−$13,462,074
XI-10 Net assets at end of year$1,787,042,735

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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