Bard College seeks to provide a challenging academic program and a supportive environment that fosters a collaborative interchange of ideas in the classroom as well as ambition to achieve excellence.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$3.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
4 of 6
filings with a surplus
Average surplus $115.2M a year · 25% of revenue · last 6 filings
Fine: a surplus in 4 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
$3.5M
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $1.1M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$450.0M
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304.0M
-23% vs prior year
Spent
$360.1M
To programs
91%
Net assets
$555.2M
By yearFY2020–FY2025
Revenue
$304.0M
FY2023▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$371.2M
FY2021$426.3M
FY2022$396.7M
FY2023$304.0M
FY2024$331.9M
FY2025$930.3M
Expenses
$360.1M
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$294.0M
FY2021$289.7M
FY2022$324.0M
FY2023$360.1M
FY2024$392.7M
FY2025$408.4M
Net assets
$555.2M
FY2023▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$387.0M
FY2021$549.2M
FY2022$607.6M
FY2023$555.2M
FY2024$509.6M
FY2025$1.1B

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1950.

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% · $327.5M Management & general 8% · $27.9M Fundraising 1% · $4.7M

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

50 people listed on the 990; $3.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/Trustee
$575,000Pt VII · Sec A
Executive Director Ccs
$479,891Pt VII · Sec A
CFO/VP of Finance
$343,400Pt VII · Sec A
Executive VP
$343,400Pt VII · Sec A
President, Longy
$311,852Pt VII · Sec A
Director of Music Programs
$280,158Pt VII · Sec A
Philosophy Professor/Forme
$272,647Pt VII · Sec A
VP Development
$250,866Pt VII · Sec A

Leon Botstein’s $565K as President/Trustee is at the 48th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Leon Botstein$565,417$575,000$575,000$441,537$444,551$439,651
Tom Eccles$467,098$464,994$479,891$404,891$380,891$354,254
Taun Toay$392,595$392,502$343,400$380,000$271,127$216,632
Jonathan Becker$391,251$392,001$343,400$380,000$243,702$241,901
Karen Zorn$335,761$321,208$311,852$286,846$269,811$245,046
James Brudvig——$272,647$267,481$271,220$288,183
James Bagwell—$220,575$280,158$209,775$207,775$204,695
Debra Pemstein$276,723$257,516$250,866$248,382$248,382$246,547

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides a rigorous liberal arts education through collaborative undergraduate programs, graduate studies, and specialized research institutes on a historic Hudson River campus.

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Provided by the organization

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1 program · $327.5M · in their own filed words · FY2022
01

Bard college is an independent, comprehensive liberal arts college located on a park-like campus that covers more than 1,000 acres of fields and forested land bordering the hudson river. Bard has developed a new vision and model of the liberal arts college, as a central body surrounded by significant institutes and programs -…

$327.5Mprogram 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 11 funders →
Grants paid · 30 grants · $599.3M · 2019–2024
Unitemized GrantFY2024$87,455,739
Unitemized GrantFY2024$11,269,637
Unitemized GrantFY2024$8,523,215
Unitemized GrantFY2024$8,091,194
American Symphony Orchestra INCNY · FY2024$1,211,938
Unitemized GrantFY2023$77,902,954
Unitemized GrantFY2023$11,692,607
Unitemized GrantFY2023$10,882,106
Unitemized GrantFY2023$8,226,475
American Symphony Orchestra INCNY · FY2023$1,199,817
Unitemized GrantFY2022$78,465,567
Unitemized GrantFY2022$10,295,045
Unitemized GrantFY2022$8,523,215
Unitemized GrantFY2022$7,429,871
Unitemized GrantFY2021$66,913,433
Unitemized GrantFY2021$11,603,931
Unitemized GrantFY2021$9,438,864
See all 30 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$304.0M
Ln 12
Fees for servicesLn 2g$187.7M
Gifts and grantsLn 1h$107.9M
Other incomeLn 4–11$7.0M
Money outPt IX
$360.1M
Ln 25
Programscol B$327.5M
Managementcol C$27.9M
Fundraisingcol D$4.7M
Owns and owesPt X
$555.2M
net assets · Ln 32
Cash and savingsLn 1–2$22.4M
Total assetsLn 16$1.0B
LiabilitiesLn 26$450.0M
PeoplePt VI, VII
50
listed · VII A
PaidVII A12
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$107.9M
Government grantsLn 1e$4.0M
Fundraising eventsLn 1c$229K
Fees for servicesLn 2g$187.7M
Investment incomeLn 3$1.4M
Other incomeLn 4–11$7.0M
Gains on assetsLn 7−$15.8M
Total revenueLn 12$304.0M
Assets in detailPt X, end of year
CashLn 1$13.4M
SavingsLn 2$9.0M
Cash and savings togetherLn 1–2$22.4M
InvestmentsLn 11–13$49.4M
Land, buildings, equipmentLn 10c$281.9M
Other assetsLn 15$246.9M
Total assetsLn 16$1.0B
LiabilitiesLn 26$450.0M
Net assetsLn 32$555.2M
OperationsPt I, VI
EmployeesI 55,129
VolunteersI 635
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 FY23End FY23
Cash and savingsLn 1–2$69.6M$22.4M
InvestmentsLn 11–13$28.4M$49.4M
Land, buildings, equipmentLn 10c$283.2M$281.9M
Total assetsLn 16$962.7M$1.01B
LiabilitiesLn 26$355.1M$450.0M
Net assetsLn 32$607.6M$555.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$986K$986K
Grants to domestic individualsLn 2$104.7M$104.7M
Grants and assistance to foreign recipientsLn 3$8.5M$8.5M
Pay of current officers, directors and key staffLn 5$2.4M$141K$2.1M$200K
Other salaries and wagesLn 7$104.1M$92.6M$9.5M$2.0M
Pension plan contributionsLn 8$7.7M$6.1M$1.5M$137K
Other employee benefitsLn 9$20.5M$17.2M$2.9M$448K
Payroll taxesLn 10$12.6M$10.7M$1.6M$330K
Legal feesLn 11b$785K$746K$24K$15K
Accounting feesLn 11c$220K$209K$7K$4K
Lobbying feesLn 11d$43K$43K
Professional fundraising feesLn 11e$11K$11K
Investment management feesLn 11f$57K$57K
Other fees for servicesLn 11g$14.3M$13.7M$403K$259K
Advertising and promotionLn 12$1.7M$1.5M$205K$6K
Office expensesLn 13$605K$529K$73K$2K
Information technologyLn 14$1.2M$1.1M$149K$5K
OccupancyLn 16$6.4M$5.6M$758K$22K
TravelLn 17$19.2M$18.0M$385K$787K
Conferences, conventions and meetingsLn 19$345K$302K$42K$1K
InterestLn 20$15.3M$14.9M$442K$17K
Depreciation, depletion and amortizationLn 22$10.9M$10.0M$874K$54K
InsuranceLn 23$1.7M$695K$1.0M
Other expenses (24a–d)Ln 24$25.6M$19.4M$5.8M$372K
Total functional expensesLn 25$360.1M$327.5M$27.9M$4.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $930.3M$408.4M$521.9M$1.1B 990 PDF
FY2024 $331.9M$392.7M−$60.8M$509.6M 990 PDF
FY2023 Viewing $304.0M$360.1M−$56.1M$555.2M 990 PDF
FY2022 $396.7M$324.0M$72.7M$607.6M 990 PDF
FY2021 $426.3M$289.7M$136.5M$549.2M 990 PDF
FY2020 $371.2M$294.0M$77.2M$387.0M 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 FY2023 990 (6 parts)
Part I · Summary $303,954,067 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $202,277,293$107,869,017
I-9 Program service revenuePrior year $177,336,131$187,733,202
I-10 Investment incomePrior year $10,046,489$1,351,298
I-11 Other revenuePrior year $7,084,045$7,000,550
I-12 Total revenuePrior year $396,743,958$303,954,067
I-13 Grants and similar amounts paidPrior year $99,637,372$114,237,596
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $133,751,072$147,345,182
I-16a Professional fundraising feesPrior year $20,000$10,779
I-17 Other expensesPrior year $90,634,120$98,486,188
I-18 Total expensesPrior year $324,042,564$360,079,745
I-19 Revenue less expensesPrior year $72,701,394−$56,125,678
Part VI · Governance 27 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
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 $303,954,067 across 11 lines filed
VIII-1c Fundraising events$228,601
VIII-1e Government grants$3,950,692
VIII-1f All other contributions, gifts and grants$103,689,724
VIII-1h Total contributions, gifts and grants$107,869,017
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,733,202$187,733,202
VIII-3 Investment incomeExcluded from tax $17,156,501$17,156,501
VIII-5 RoyaltiesExcluded from tax $8,083$8,083
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$15,805,203−$15,805,203
VIII-8 Net income from fundraising eventsExcluded from tax −$97,437−$97,437
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,089,904$7,089,904
VIII-12 Total revenueRelated to mission $194,823,106 · Unrelated business $0 · Excluded from tax $1,261,944$303,954,067
Part IX · Statement of functional expenses $360,079,745 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $985,563$985,563
IX-2 Grants to domestic individualsPrograms $104,713,698$104,713,698
IX-3 Grants and assistance to foreign recipientsPrograms $8,538,335$8,538,335
IX-5 Pay of current officers, directors and key staffPrograms $140,820 · Management $2,103,279 · Fundraising $199,856$2,443,955
IX-7 Other salaries and wagesPrograms $92,554,351 · Management $9,495,170 · Fundraising $2,012,586$104,062,107
IX-8 Pension plan contributionsPrograms $6,138,745 · Management $1,456,449 · Fundraising $137,020$7,732,214
IX-9 Other employee benefitsPrograms $17,153,610 · Management $2,884,775 · Fundraising $448,476$20,486,861
IX-10 Payroll taxesPrograms $10,683,280 · Management $1,607,177 · Fundraising $329,588$12,620,045
IX-11b Legal feesPrograms $745,885 · Management $24,395 · Fundraising $14,732$785,012
IX-11c Accounting feesPrograms $209,311 · Management $6,846 · Fundraising $4,134$220,291
IX-11d Lobbying feesManagement $43,400$43,400
IX-11e Professional fundraising feesFundraising $10,779$10,779
IX-11f Investment management feesManagement $57,376$57,376
IX-11g Other fees for servicesPrograms $13,661,501 · Management $403,414 · Fundraising $259,042$14,323,957
IX-12 Advertising and promotionPrograms $1,480,014 · Management $204,866 · Fundraising $6,244$1,691,124
IX-13 Office expensesPrograms $529,412 · Management $73,282 · Fundraising $2,233$604,927
IX-14 Information technologyPrograms $1,074,892 · Management $148,788 · Fundraising $4,535$1,228,215
IX-16 OccupancyPrograms $5,590,647 · Management $758,012 · Fundraising $21,634$6,370,293
IX-17 TravelPrograms $18,041,488 · Management $384,761 · Fundraising $786,736$19,212,985
IX-19 Conferences, conventions and meetingsPrograms $301,662 · Management $41,757 · Fundraising $1,273$344,692
IX-20 InterestPrograms $14,880,454 · Management $441,843 · Fundraising $17,133$15,339,430
IX-22 Depreciation, depletion and amortizationPrograms $10,009,832 · Management $873,641 · Fundraising $53,814$10,937,287
IX-23 InsurancePrograms $694,993 · Management $1,028,421$1,723,414
IX-24 Other expenses (24a–d)Programs $19,417,755 · Management $5,813,933 · Fundraising $372,097$25,603,785
IX-25 Total functional expensesPrograms $327,546,248 · Management $27,851,585 · Fundraising $4,681,912$360,079,745
Part X · Balance sheet $1,005,181,148 assets, 20 lines filed
Asset lines not itemized here account for $3,480,679; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $686,081$13,401,519
X-2 Savings and temporary cash investmentsStart of year $68,956,312$9,034,589
X-3 Pledges and grants receivableStart of year $380,711,401$370,437,493
X-4 Accounts receivableStart of year $25,657,188$25,025,603
X-9 Prepaid expenses and deferred chargesStart of year $15,813,695$5,605,928
X-10c Land, buildings and equipment, netStart of year $283,223,134$281,917,786
X-11 Publicly traded securitiesStart of year $26,497,788$47,319,692
X-12 Other securitiesStart of year $1,893,706$2,095,237
X-15 Other assetsStart of year $155,627,116$246,862,622
X-16 Total assetsStart of year $962,691,286$1,005,181,148
X-17 Accounts payable and accrued expensesStart of year $30,812,954$38,395,031
X-19 Deferred revenueStart of year $21,226,225$20,882,950
X-20 Tax-exempt bond liabilitiesStart of year $247,500,000$150,770,000
X-24 Unsecured notes and loans payableStart of year $38,890,000$38,890,000
X-25 Other liabilitiesStart of year $6,385,514$189,599,072
X-26 Total liabilitiesStart of year $355,135,644$450,025,271
X-27 Net assets without donor restrictionsStart of year $50,727,457$43,637,637
X-28 Net assets with donor restrictionsStart of year $556,828,185$511,518,240
X-32 Total net assets or fund balancesStart of year $607,555,642$555,155,877
X-33 Total liabilities and net assetsStart of year $962,691,286$1,005,181,148
Part XI · Reconciliation of net assets $555,155,877 net assets at year end
XI-1 Total revenue$303,954,067
XI-2 Total expenses$360,079,745
XI-3 Revenue less expenses−$56,125,678
XI-4 Net assets at start of year$607,555,642
XI-5 Net unrealized gains (losses) on investments$3,793,927
XI-9 Other changes in net assets−$68,014
XI-10 Net assets at end of year$555,155,877

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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