Chartered in 1826, Lafayette College is dedicated to excellence in undergraduate education. Students are engaged in a transformative educational experience that bridges the liberal arts, engineering, and interdisciplinary study. The College fosters (continued in sch o) intellectual inquiry, artistic exploration, scholarship, and personal growth in a vibrant, diverse, and inclusive community. Lafayette students become critical thinkers, creative problem-solvers, and responsible citizens of the world.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$6.2M 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

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
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 $13.6M a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.2M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $1.15B in investments, Pt X · Ln 11–13
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $47K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$371.6M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 34 voting members
Looks good: 33 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
$262.5M
+1% vs prior year
Spent
$278.3M
To programs
84%
Net assets
$1.4B
By yearFY2020–FY2025
Revenue
$262.5M
FY2024▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$228.5M
FY2021$234.2M
FY2022$266.4M
FY2023$259.0M
FY2024$262.5M
FY2025$335.2M
Expenses
$278.3M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$228.6M
FY2021$205.6M
FY2022$241.2M
FY2023$258.4M
FY2024$278.3M
FY2025$292.3M
Net assets
$1.4B
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0B
FY2021$1.2B
FY2022$1.2B
FY2023$1.3B
FY2024$1.4B
FY2025$1.5B

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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 Dec 1942.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $234.9M Management & general 14% · $37.9M Fundraising 2% · $5.4M

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; $6.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Investment Officer
$939,939Pt VII · Sec A
President
$906,957Pt VII · Sec A
Director of Investments
$505,701Pt VII · Sec A
Director of Investments
$462,824Pt VII · Sec A
Res., Gen. Counsel (thru 06/2023)
$431,052Pt VII · Sec A
Head Coach - Football
$413,023Pt VII · Sec A
EVP Finance & Administration
$396,244Pt VII · Sec A
Provost (thru 06/2024)
$331,704Pt VII · Sec A

Nicole F Hurd’s $1.0M as President is at the 76th 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
Alison R Byerly———$1,723,521$616,685$816,569
Nicole F Hurd$1,027,882$906,957$703,898———
Krishna Memani$960,549$939,939$838,895$714,170$84,062—
Mervin a Burton———$517,739$455,192$425,830
Joseph S Bohrer————$345,785$516,641
John R Dailey$482,908$505,701$400,623———
Roger a Demareski———$418,890$452,323$476,875
Li Zhao$468,437$462,824$385,306$350,127$309,681$278,884

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 Lafayette College 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a four-year undergraduate education on a residential campus, combining rigorous academics with diverse extracurriculars, athletics, and community-building opportunities.

Questions for Lafayette College

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2 programs · $234.9M · in their own filed words · FY2023
01

Lafayette college is a liberal arts college offering bachelor of arts and bachelor of science degrees in four disciplines in humanities, engineering, natural sciences, and social sciences. In fall 2023, the 2,740 students came from 43 states and 52 countries. The student-to-faculty ratio at the college is approximately 10 to 1.

$200.8Mprogram expense
02

As a residential college, lafayette students complement their academic. Scholarship with a myriad of opportunities to connect with one another and learn from the large world represented on the college's campus.

$34.1Mprogram 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 5 funders →
Grants paid · 24 grants · $320.9M · 2019–2024
Unitemized GrantFY2024$73,191,337
Unitemized GrantFY2024$1,080,994
South Dakota State UniversityFY2024$60,618
Unitemized GrantFY2023$70,128,753
Unitemized GrantFY2023$863,865
South Dakota State UniversityFY2023$68,810
Syracuse UniversityNY · FY2023$11,609
University of Maryland Baltimore CountyFY2023$5,985
Unitemized GrantFY2022$63,594,752
Unitemized GrantFY2022$631,904
Syracuse UniversityNY · FY2022$48,719
University of Maryland Baltimore CountyFY2022$16,919
Unitemized GrantFY2021$60,726,297
Unitemized GrantFY2021$1,786,789
Unitemized GrantFY2021$406,225
Unitemized GrantFY2020$46,515,563
Unitemized GrantFY2020$926,179
Unitemized GrantFY2020$190,684
See all 24 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$262.5M
Ln 12
Fees for servicesLn 2g$212.6M
Gifts and grantsLn 1h$28.9M
Investment incomeLn 3$18.5M
Money outPt IX
$278.3M
Ln 25
Programscol B$234.9M
Managementcol C$37.9M
Fundraisingcol D$5.4M
Owns and owesPt X
$1.4B
net assets · Ln 32
Cash and savingsLn 1–2$73.6M
Total assetsLn 16$1.7B
LiabilitiesLn 26$371.6M
PeoplePt VI, VII
50
listed · VII A
PaidVII A16
Voting boardVI 1a34
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28.9M
Government grantsLn 1e$4.1M
Noncash giftsLn 1g$6.9M
Fundraising eventsLn 1c$56K
Fees for servicesLn 2g$212.6M
Investment incomeLn 3$18.5M
Other incomeLn 4–11$2.5M
Gains on assetsLn 7$4.9M
Total revenueLn 12$262.5M
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$73.6M
Cash and savings togetherLn 1–2$73.6M
InvestmentsLn 11–13$1.15B
Land, buildings, equipmentLn 10c$483.1M
Other assetsLn 15$8.4M
Total assetsLn 16$1.7B
LiabilitiesLn 26$371.6M
Net assetsLn 32$1.4B
OperationsPt I, VI
EmployeesI 52,602
VolunteersI 63,961
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 FY24End FY24
Cash and savingsLn 1–2$78.5M$73.6M
InvestmentsLn 11–13$1.10B$1.15B
Land, buildings, equipmentLn 10c$438.2M$483.1M
Total assetsLn 16$1.65B$1.74B
LiabilitiesLn 26$376.1M$371.6M
Net assetsLn 32$1.27B$1.37B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$86K$86K
Grants to domestic individualsLn 2$71.0M$71.0M
Pay of current officers, directors and key staffLn 5$6.0M$1.6M$4.4M
Pay of disqualified personsLn 6$291K$225K$67K
Other salaries and wagesLn 7$77.0M$63.3M$10.7M$3.0M
Pension plan contributionsLn 8$6.4M$5.2M$932K$247K
Other employee benefitsLn 9$12.2M$9.8M$1.9M$507K
Payroll taxesLn 10$5.8M$4.5M$1.0M$212K
Legal feesLn 11b$943K$54K$885K$3K
Accounting feesLn 11c$241K$241K
Lobbying feesLn 11d$2K$2K
Professional fundraising feesLn 11e$766K$766K
Investment management feesLn 11f$575K$575K
Other fees for servicesLn 11g$14.9M$12.9M$1.9M$32K
Advertising and promotionLn 12$264K$204K$60K$29
Office expensesLn 13$3.8M$2.7M$925K$228K
Information technologyLn 14$3.4M$453K$3.0M$15K
OccupancyLn 16$7.5M$6.5M$1.0M
TravelLn 17$7.6M$6.5M$1.0M$125K
Conferences, conventions and meetingsLn 19$2.4M$1.2M$934K$172K
InterestLn 20$9.9M$9.2M$691K
Depreciation, depletion and amortizationLn 22$18.8M$17.6M$1.3M
InsuranceLn 23$3.3M$403K$2.9M
Other expenses (24a–d)Ln 24$18.9M$16.9M$2.0M$0
All other expensesLn 24e$6.2M$4.8M$1.3M$64K
Total functional expensesLn 25$278.3M$234.9M$37.9M$5.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $335.2M$292.3M$43.0M$1.5B 990 PDF
FY2024 Viewing $262.5M$278.3M−$15.8M$1.4B 990 PDF
FY2023 $259.0M$258.4M$559K$1.3B 990 PDF
FY2022 $266.4M$241.2M$25.2M$1.2B 990 PDF
FY2021 $234.2M$205.6M$28.6M$1.2B 990 PDF
FY2020 $228.5M$228.6M−$131K$1.0B 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 M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $262,517,308 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,828,877$28,947,436
I-9 Program service revenuePrior year $199,283,679$212,626,962
I-10 Investment incomePrior year $18,162,776$18,488,433
I-11 Other revenuePrior year $7,691,583$2,454,477
I-12 Total revenuePrior year $258,966,915$262,517,308
I-13 Grants and similar amounts paidPrior year $64,292,294$71,079,022
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $102,694,396$107,675,640
I-16a Professional fundraising feesPrior year $244,542$765,702
I-17 Other expensesPrior year $91,176,499$98,762,265
I-18 Total expensesPrior year $258,407,731$278,282,629
I-19 Revenue less expensesPrior year $559,184−$15,765,321
Part VI · Governance 33 of 34 board members independent, 1 to look at
VI-1a Voting members of the governing body34
VI-1b Independent voting members33
VI-2 Family or business relationship among officers or directorsYes
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 $262,517,308 across 12 lines filed
Lines not itemized here account for −$299,722 of total revenue; see the IRS return.
VIII-1c Fundraising events$56,343
VIII-1e Government grants$4,103,058
VIII-1f All other contributions, gifts and grants$24,788,035
VIII-1g Noncash contributions (included above)$6,901,833
VIII-1h Total contributions, gifts and grants$28,947,436
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $212,617,145 · Unrelated business $9,817$212,626,962
VIII-3 Investment incomeUnrelated business $151,641 · Excluded from tax $13,458,211$13,609,852
VIII-6 Net rental income or lossUnrelated business −$260,649 · Excluded from tax $450,199$189,550
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,878,581$4,878,581
VIII-8 Net income from fundraising eventsExcluded from tax $20,601$20,601
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,544,048$2,544,048
VIII-12 Total revenueRelated to mission $212,617,145 · Unrelated business −$157,535 · Excluded from tax $21,110,262$262,517,308
Part IX · Statement of functional expenses $278,282,629 across 25 lines filed
IX-1 Grants to domestic organizationsPrograms $86,404$86,404
IX-2 Grants to domestic individualsPrograms $70,992,618$70,992,618
IX-5 Pay of current officers, directors and key staffPrograms $1,626,862 · Management $4,413,540$6,040,402
IX-6 Pay of disqualified personsManagement $224,612 · Fundraising $66,604$291,216
IX-7 Other salaries and wagesPrograms $63,319,859 · Management $10,715,538 · Fundraising $2,975,386$77,010,783
IX-8 Pension plan contributionsPrograms $5,238,615 · Management $932,333 · Fundraising $246,569$6,417,517
IX-9 Other employee benefitsPrograms $9,765,737 · Management $1,882,711 · Fundraising $506,985$12,155,433
IX-10 Payroll taxesPrograms $4,512,863 · Management $1,035,860 · Fundraising $211,566$5,760,289
IX-11b Legal feesPrograms $54,189 · Management $885,375 · Fundraising $3,423$942,987
IX-11c Accounting feesManagement $241,028$241,028
IX-11d Lobbying feesManagement $2,146$2,146
IX-11e Professional fundraising feesFundraising $765,702$765,702
IX-11f Investment management feesManagement $574,548$574,548
IX-11g Other fees for servicesPrograms $12,904,701 · Management $1,913,980 · Fundraising $32,206$14,850,887
IX-12 Advertising and promotionPrograms $204,496 · Management $59,717 · Fundraising $29$264,242
IX-13 Office expensesPrograms $2,685,684 · Management $924,641 · Fundraising $228,211$3,838,536
IX-14 Information technologyPrograms $453,226 · Management $2,959,200 · Fundraising $15,128$3,427,554
IX-16 OccupancyPrograms $6,456,984 · Management $1,034,174$7,491,158
IX-17 TravelPrograms $6,451,587 · Management $1,010,820 · Fundraising $125,151$7,587,558
IX-19 Conferences, conventions and meetingsPrograms $1,245,026 · Management $933,993 · Fundraising $171,680$2,350,699
IX-20 InterestPrograms $9,224,691 · Management $690,585$9,915,276
IX-22 Depreciation, depletion and amortizationPrograms $17,555,989 · Management $1,273,206$18,829,195
IX-23 InsurancePrograms $403,338 · Management $2,895,388$3,298,726
IX-24 Other expenses (24a–d)Programs $16,902,037 · Management $2,003,606 · Fundraising $0$18,905,643
IX-24e All other expensesPrograms $4,834,901 · Management $1,342,871 · Fundraising $64,310$6,242,082
IX-25 Total functional expensesPrograms $234,919,807 · Management $37,949,872 · Fundraising $5,412,950$278,282,629
Part X · Balance sheet $1,744,964,455 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $16,046$15,474
X-2 Savings and temporary cash investmentsStart of year $78,444,452$73,620,961
X-3 Pledges and grants receivableStart of year $18,682,779$19,778,157
X-4 Accounts receivableStart of year $4,652,355$5,881,662
X-8 Inventories for sale or useStart of year $1,405,483$996,396
X-9 Prepaid expenses and deferred chargesStart of year $3,252,258$3,744,097
X-10c Land, buildings and equipment, netStart of year $438,195,589$483,050,030
X-11 Publicly traded securitiesStart of year $219,637,021$186,585,975
X-12 Other securitiesStart of year $882,529,427$961,538,444
X-13 Program-related investmentsStart of year $1,451,587$1,312,993
X-15 Other assetsStart of year $1,328,337$8,440,266
X-16 Total assetsStart of year $1,649,595,334$1,744,964,455
X-17 Accounts payable and accrued expensesStart of year $17,482,026$20,804,964
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $1,602,421$2,316,017
X-20 Tax-exempt bond liabilitiesStart of year $211,507,848$174,468,359
X-25 Other liabilitiesStart of year $45,182,223$45,762,342
X-26 Total liabilitiesStart of year $376,125,566$371,640,453
X-27 Net assets without donor restrictionsStart of year $422,137,997$479,781,934
X-28 Net assets with donor restrictionsStart of year $851,331,771$893,542,068
X-32 Total net assets or fund balancesStart of year $1,273,469,768$1,373,324,002
X-33 Total liabilities and net assetsStart of year $1,649,595,334$1,744,964,455
Part XI · Reconciliation of net assets $1,373,324,002 net assets at year end
XI-1 Total revenue$262,517,308
XI-2 Total expenses$278,282,629
XI-3 Revenue less expenses−$15,765,321
XI-4 Net assets at start of year$1,273,469,768
XI-5 Net unrealized gains (losses) on investments$110,267,588
XI-9 Other changes in net assets$5,351,967
XI-10 Net assets at end of year$1,373,324,002

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

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