Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
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
66 people listed on the 990; $31.7M paid to officers and key staff.
Vincent Tuohey’s $3.8M as President of Princo is at the 95th 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
| Name | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Andrew Golden | $1,532,931 | $6,625,550 | $6,394,790 | $4,246,039 | $4,258,288 |
| James Millar | — | $4,779,428 | $4,254,744 | $2,336,608 | $1,876,559 |
| Vincent Tuohey | $3,762,747 | — | — | — | — |
| Jonathan Erickson | $2,785,511 | $2,984,711 | $2,293,052 | $1,785,184 | $2,212,183 |
| Edward Karns | — | $2,495,858 | $2,612,291 | $2,132,137 | $2,069,040 |
| Tae Kyoon Kim | $2,049,037 | $2,129,276 | $2,103,924 | $1,635,954 | $1,440,926 |
| Jennifer Birmingham | $2,002,806 | $1,864,350 | $1,859,262 | $1,573,591 | $1,449,014 |
| Susan Butler Ciniglio | $1,686,082 | — | — | — | — |
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 The Trustees of Princeton University executive salaries →On this list? Claim this org
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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 II15 listed
Programs and updates
Provides world-class higher education, conducts advanced research, and maintains a vibrant residential campus community with housing and dining services for students, faculty, and staff.
Questions for The Trustees of Princeton University
Your first name shows with your question. The Trustees of Princeton University answers here, for everyone.
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Research-one of the world's great research centers, princeton university is the site of pioneering work across all academic areas. Every member of the faculty is engaged in scholarly research. In addition, graduate students and upperclass undergraduates pursue independent research.
Education
Princeton university is a private not-for-profit, non-sectarian institution of higher learning with approximately 5,700 undergraduate and 3,300 graduate students. 2,500 students graduated in the 2024-2025 academic year.
Auxiliary activities-princeton university furnishes services to the campus community including housing, dining, and conference and event services to approximately 9,000 students, 1,300 faculty, 6,700 staff, as well as the public.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $396.4M | $372.8M |
| InvestmentsLn 11–13 | $34.79B | $37.08B |
| Land, buildings, equipmentLn 10c | $6.54B | $7.22B |
| Total assetsLn 16 | $42.84B | $45.86B |
| LiabilitiesLn 26 | $6.72B | $7.75B |
| Net assetsLn 32 | $36.12B | $38.11B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $15.0M | $15.0M | ||
| Grants to domestic individualsLn 2 | $559.3M | $559.3M | ||
| Grants and assistance to foreign recipientsLn 3 | $46.0M | $46.0M | ||
| Pay of current officers, directors and key staffLn 5 | $17.3M | $6.5M | $10.0M | $908K |
| Pay of disqualified personsLn 6 | $3.3M | $2.2M | $1.2M | $0 |
| Other salaries and wagesLn 7 | $1.15B | $896.7M | $228.8M | $21.2M |
| Pension plan contributionsLn 8 | $92.9M | $77.8M | $13.4M | $1.7M |
| Other employee benefitsLn 9 | $183.7M | $154.4M | $26.0M | $3.3M |
| Payroll taxesLn 10 | $70.6M | $59.1M | $10.2M | $1.3M |
| Management feesLn 11a | $2.1M | $1.5M | $641K | $0 |
| Legal feesLn 11b | $19.2M | $2.4M | $16.7M | $23K |
| Accounting feesLn 11c | $2.9M | $4K | $2.8M | $0 |
| Lobbying feesLn 11d | $678K | $678K | ||
| Investment management feesLn 11f | $1.9M | $1.9M | ||
| Other fees for servicesLn 11g | $246.9M | $157.3M | $85.7M | $3.9M |
| Advertising and promotionLn 12 | $9.1M | $7.1M | $1.3M | $801K |
| Office expensesLn 13 | $102.5M | $97.1M | $5.1M | $307K |
| Information technologyLn 14 | $12.8M | $7.4M | $5.3M | $154K |
| RoyaltiesLn 15 | $413K | $413K | ||
| OccupancyLn 16 | $94.1M | $17.5M | $76.2M | $419K |
| TravelLn 17 | $41.1M | $37.9M | $2.4M | $698K |
| Conferences, conventions and meetingsLn 19 | $11.0M | $10.1M | $836K | $74K |
| InterestLn 20 | $221.8M | $152.4M | $69.5M | $0 |
| Depreciation, depletion and amortizationLn 22 | $231.5M | $207.1M | $23.7M | $641K |
| InsuranceLn 23 | $9.9M | $404K | $9.5M | $1K |
| Other expenses (24a–d)Ln 24 | $53.4M | $279.7M | −$229.3M | $2.9M |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $3.20B | $2.80B | $362.4M | $38.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $3.2B | $3.2B | $12.4M | $38.1B | 990 PDF |
| FY2024 | $3.1B | $2.9B | $211.6M | $36.1B | 990 PDF |
| FY2023 | $3.6B | $2.6B | $981.1M | $36.2B | 990 PDF |
| FY2022 | $5.0B | $2.4B | $2.7B | $37.7B | 990 PDF |
| FY2021 | $4.9B | $2.2B | $2.7B | $38.7B | 990 PDF |
| FY2020 | $2.1B | $2.1B | −$21.4M | $27.9B | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $3,208,577,000 revenue, 12 lines filed
Part VI · Governance 33 of 37 board members independent, no flags
Part VIII · Statement of revenue $3,208,577,000 across 13 lines filed
Part IX · Statement of functional expenses $3,196,203,000 across 27 lines filed
Part X · Balance sheet $45,858,792,000 assets, 22 lines filed
Part XI · Reconciliation of net assets $38,112,918,000 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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