Vanderbilt University FY2024 filing

Tax-deductible

Nashville, TN501(c)(3)Since 1873Colleges & UniversitiesEIN 62-0476822Revenue $2.6B in FY2024

On file with the IRSvanderbilt.edu2301 Vanderbilt Pl Pmb 406310, 37240-7727 · Nashville, TNTax-exempt since Feb 1941School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$32.9M paid to officers and key staff.
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
6 of 6
filings with a surplus
Average surplus $537.2M a year · 21% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32.9M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
34
named funders · $969K
Looks good: 34 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.5B
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 37 voting members
Looks good: 35 of 37 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6B
+13% vs prior year
Spent
$2.3B
To programs
78%
Net assets
$10.3B
By yearFY2020–FY2025
Revenue
$2.6B
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7B
FY2021$2.8B
FY2022$3.3B
FY2023$2.3B
FY2024$2.6B
FY2025$2.8B
Expenses
$2.3B
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6B
FY2021$1.9B
FY2022$2.0B
FY2023$2.0B
FY2024$2.3B
FY2025$2.4B
Net assets
$10.3B
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5B
FY2021$10.5B
FY2022$10.0B
FY2023$9.7B
FY2024$10.3B
FY2025$11.2B

From the FY2024 Form 990 (year ending June 2024) · see the original

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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 Feb 1941.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.8B Management & general 20% · $449.5M Fundraising 2% · $50.4M

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

57 people listed on the 990; $32.9M 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
See Schedule O
$6,001,511Pt VII · Sec A
See Schedule O
$4,187,650Pt VII · Sec A
See Schedule O
$3,663,116Pt VII · Sec A
See Schedule O
$2,427,798Pt VII · Sec A
See Schedule O
$2,166,660Pt VII · Sec A
See Schedule O
$1,819,456Pt VII · Sec A
See Schedule O
$1,749,056Pt VII · Sec A
See Schedule O
$1,484,891Pt VII · Sec A

Anders W Hall’s $5.7M as See Schedule O is at the 97th 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
Anders W Hall$5,747,977$6,001,511$4,755,711$2,873,269$2,373,080$1,358,605
Jerry Stackhouse$4,779,501$4,187,650$3,771,194$3,056,059$2,997,211$2,168,358
Clark Lea$4,302,829$3,663,116$3,144,922$3,011,618——
Derek Mason—$2,166,660$2,166,660$2,166,660$3,046,542$4,159,704
Bryce Drew—————$3,184,066
Nicholas S Zeppos$223,542$218,072$2,280,172$961,716$1,539,843$3,152,157
Daniel Diermeier$3,020,799$2,427,798$2,086,789$1,911,404$924,409—
Mark Byington$2,600,247—————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Conducts academic and scientific research and provides higher education.

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Provided by the organization

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2 programs · $1.8B · in their own filed words · FY2023
01

See Schedule O

Education

$1.4Bprogram expense
02

See Schedule O

Academic and Scientific Research

$362.6Mprogram 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 34 funders →
Grants paid · 1,041 grants · $2.8B · 2019–2024
Unitemized GrantFY2024$474,486,535
The Scripps Research InstituteCA · FY2024$2,519,368
The Learning Agency LLCFY2024$1,583,879
Yale UniversityCT · FY2024$1,442,586
Johns Hopkins UniversityMD · FY2024$1,098,504
University of Texas at AustinFY2024$1,092,668
Northwestern UniversityIL · FY2024$1,010,744
Leidos INCFY2024$943,580
University of UtahUT · FY2024$855,779
George Mason UniversityFY2024$644,023
University of South AlabamaAL · FY2024$641,275
Fisk UniversityTN · FY2024$617,297
University of South FloridaFY2024$609,917
Emory UniversityGA · FY2024$562,779
See all 1,041 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6B
Ln 12
Fees for servicesLn 2g$1.4B
Investment incomeLn 3$739.2M
Gifts and grantsLn 1h$372.0M
Money outPt IX
$2.3B
Ln 25
Programscol B$1.8B
Managementcol C$449.5M
Fundraisingcol D$50.4M
Owns and owesPt X
$10.3B
net assets · Ln 32
Cash and savingsLn 1–2$794.0M
Total assetsLn 16$13.8B
LiabilitiesLn 26$3.5B
PeoplePt VI, VII
57
listed · VII A
PaidVII A20
Voting boardVI 1a37
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$372.0M
Government grantsLn 1e$213.1M
Noncash giftsLn 1g$31.3M
Fundraising eventsLn 1c$194K
Fees for servicesLn 2g$1.4B
Investment incomeLn 3$739.2M
Other incomeLn 4–11$48.6M
Gains on assetsLn 7$534.2M
Total revenueLn 12$2.6B
Assets in detailPt X, end of year
CashLn 1$83.0M
SavingsLn 2$711.0M
Cash and savings togetherLn 1–2$794.0M
InvestmentsLn 11–13$10.56B
Land, buildings, equipmentLn 10c$2.08B
Other assetsLn 15$37.6M
Total assetsLn 16$13.8B
LiabilitiesLn 26$3.5B
Net assetsLn 32$10.3B
OperationsPt I, VI
EmployeesI 514,639
VolunteersI 65,500
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$930.9M$794.0M
InvestmentsLn 11–13$10.09B$10.56B
Land, buildings, equipmentLn 10c$1.80B$2.08B
Total assetsLn 16$13.15B$13.77B
LiabilitiesLn 26$3.46B$3.47B
Net assetsLn 32$9.69B$10.30B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$72.1M$72.1M
Grants to domestic individualsLn 2$443.1M$443.1M
Grants and assistance to foreign recipientsLn 3$2.8M$2.8M
Pay of current officers, directors and key staffLn 5$22.2M$4.3M$13.9M$3.9M
Pay of disqualified personsLn 6$120K$120K
Other salaries and wagesLn 7$746.9M$659.1M$68.4M$19.5M
Pension plan contributionsLn 8$40.6M$35.8M$3.7M$1.1M
Other employee benefitsLn 9$72.1M$46.0M$19.9M$6.1M
Payroll taxesLn 10$45.3M$40.0M$4.1M$1.2M
Management feesLn 11a$2.3M$223K$2.1M
Legal feesLn 11b$11.9M$11.9M$6K
Accounting feesLn 11c$953K$953K
Lobbying feesLn 11d$220K$220K
Professional fundraising feesLn 11e$30K$30K
Investment management feesLn 11f$116.0M$116.0M
Other fees for servicesLn 11g$116.3M$91.5M$19.8M$5.0M
Advertising and promotionLn 12$8.1M$5.9M$1.6M$654K
Office expensesLn 13$94.4M$80.3M$10.9M$3.2M
Information technologyLn 14$31.6M$27.0M$3.7M$941K
RoyaltiesLn 15$10.6M$10.6M
OccupancyLn 16$107.3M$83.5M$21.4M$2.3M
TravelLn 17$37.4M$33.3M$2.0M$2.1M
Conferences, conventions and meetingsLn 19$6.2M$5.6M$579K$54K
InterestLn 20$17.2M$14.5M$2.7M
Depreciation, depletion and amortizationLn 22$106.8M$80.5M$24.0M$2.3M
InsuranceLn 23$14.8M$9.2M$5.7M
Other expenses (24a–d)Ln 24$152.1M$36.5M$113.4M$2.2M
All other expensesLn 24e$18.0M$15.3M$2.7M$4K
Total functional expensesLn 25$2.30B$1.80B$449.5M$50.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.8B$2.4B$418.5M$11.2B 990 PDF
FY2024 Viewing $2.6B$2.3B$270.5M$10.3B 990 PDF
FY2023 $2.3B$2.0B$240.5M$9.7B 990 PDF
FY2022 $3.3B$2.0B$1.3B$10.0B 990 PDF
FY2021 $2.8B$1.9B$921.6M$10.5B 990 PDF
FY2020 $1.7B$1.6B$85.4M$6.5B 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 (6 parts)
Part I · Summary $2,567,650,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $417,397,740$371,990,272
I-9 Program service revenuePrior year $1,337,444,828$1,407,920,814
I-10 Investment incomePrior year $405,457,697$739,166,968
I-11 Other revenuePrior year $106,104,683$48,571,984
I-12 Total revenuePrior year $2,266,404,948$2,567,650,038
I-13 Grants and similar amounts paidPrior year $467,841,762$518,007,111
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $832,748,623$927,138,977
I-16a Professional fundraising feesPrior year $97,606$30,486
I-17 Other expensesPrior year $725,260,163$851,988,198
I-18 Total expensesPrior year $2,025,948,154$2,297,164,772
I-19 Revenue less expensesPrior year $240,456,794$270,485,266
Part VI · Governance 35 of 37 board members independent, 1 to look at
VI-1a Voting members of the governing body37
VI-1b Independent voting members35
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 $2,567,650,038 across 14 lines filed
Lines not itemized here account for $20,955,260 of total revenue; see the IRS return.
VIII-1c Fundraising events$194,210
VIII-1d Related organizations$80,938
VIII-1e Government grants$213,093,517
VIII-1f All other contributions, gifts and grants$158,621,607
VIII-1g Noncash contributions (included above)$31,324,355
VIII-1h Total contributions, gifts and grants$371,990,272
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,386,494,222 · Unrelated business $471,332$1,386,965,554
VIII-3 Investment incomeUnrelated business $68,181,809 · Excluded from tax $136,823,261$205,005,070
VIII-5 RoyaltiesUnrelated business $1,324,506 · Excluded from tax $23,594,253$24,918,759
VIII-6 Net rental income or lossUnrelated business −$607 · Excluded from tax $5,588,464$5,587,857
VIII-7 Net gain or loss on sales of assetsUnrelated business $1,179,067 · Excluded from tax $532,982,831$534,161,898
VIII-8 Net income from fundraising eventsExcluded from tax −$107,325−$107,325
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $408,046 · Unrelated business $17,764,647$18,172,693
VIII-12 Total revenueRelated to mission $1,407,857,528 · Unrelated business $88,920,754 · Excluded from tax $698,881,484$2,567,650,038
Part IX · Statement of functional expenses $2,297,164,772 across 28 lines filed
IX-1 Grants to domestic organizationsPrograms $72,130,426$72,130,426
IX-2 Grants to domestic individualsPrograms $443,070,006$443,070,006
IX-3 Grants and assistance to foreign recipientsPrograms $2,806,679$2,806,679
IX-5 Pay of current officers, directors and key staffPrograms $4,328,862 · Management $13,914,713 · Fundraising $3,912,642$22,156,217
IX-6 Pay of disqualified personsPrograms $119,771$119,771
IX-7 Other salaries and wagesPrograms $659,094,290 · Management $68,394,723 · Fundraising $19,452,867$746,941,880
IX-8 Pension plan contributionsPrograms $35,800,118 · Management $3,715,006 · Fundraising $1,056,624$40,571,748
IX-9 Other employee benefitsPrograms $46,026,927 · Management $19,945,620 · Fundraising $6,093,787$72,066,334
IX-10 Payroll taxesPrograms $39,957,305 · Management $4,146,400 · Fundraising $1,179,322$45,283,027
IX-11a Management feesPrograms $223,130 · Management $2,069,740$2,292,870
IX-11b Legal feesManagement $11,856,679 · Fundraising $5,950$11,862,629
IX-11c Accounting feesManagement $953,152$953,152
IX-11d Lobbying feesManagement $220,000$220,000
IX-11e Professional fundraising feesFundraising $30,486$30,486
IX-11f Investment management feesManagement $115,971,117$115,971,117
IX-11g Other fees for servicesPrograms $91,513,404 · Management $19,781,164 · Fundraising $4,958,223$116,252,791
IX-12 Advertising and promotionPrograms $5,866,544 · Management $1,584,115 · Fundraising $654,024$8,104,683
IX-13 Office expensesPrograms $80,274,695 · Management $10,925,304 · Fundraising $3,203,486$94,403,485
IX-14 Information technologyPrograms $26,986,601 · Management $3,708,792 · Fundraising $940,560$31,635,953
IX-15 RoyaltiesPrograms $10,607,674$10,607,674
IX-16 OccupancyPrograms $83,529,183 · Management $21,373,237 · Fundraising $2,349,694$107,252,114
IX-17 TravelPrograms $33,289,769 · Management $1,991,097 · Fundraising $2,103,116$37,383,982
IX-19 Conferences, conventions and meetingsPrograms $5,563,166 · Management $579,169 · Fundraising $53,935$6,196,270
IX-20 InterestPrograms $14,490,212 · Management $2,725,613$17,215,825
IX-22 Depreciation, depletion and amortizationPrograms $80,522,152 · Management $23,979,280 · Fundraising $2,259,427$106,760,859
IX-23 InsurancePrograms $9,167,061 · Management $5,654,177$14,821,238
IX-24 Other expenses (24a–d)Programs $36,542,000 · Management $113,374,615 · Fundraising $2,170,580$152,087,195
IX-24e All other expensesPrograms $15,298,611 · Management $2,663,341 · Fundraising $4,409$17,966,361
IX-25 Total functional expensesPrograms $1,797,208,586 · Management $449,527,054 · Fundraising $50,429,132$2,297,164,772
Part X · Balance sheet $13,766,694,412 assets, 21 lines filed
Asset lines not itemized here account for $1,302,856; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $122,529,748$83,018,848
X-2 Savings and temporary cash investmentsStart of year $808,359,308$710,973,206
X-3 Pledges and grants receivableStart of year $213,326,793$201,970,187
X-4 Accounts receivableStart of year $51,921,561$76,541,476
X-8 Inventories for sale or useStart of year $335,551$276,057
X-9 Prepaid expenses and deferred chargesStart of year $13,717,580$18,424,806
X-10c Land, buildings and equipment, netStart of year $1,797,533,767$2,075,602,068
X-11 Publicly traded securitiesStart of year $4,880,564,014$5,038,553,479
X-12 Other securitiesStart of year $5,193,051,568$5,506,867,494
X-13 Program-related investmentsStart of year $17,179,713$15,595,496
X-15 Other assetsStart of year $49,192,589$37,568,439
X-16 Total assetsStart of year $13,149,511,362$13,766,694,412
X-17 Accounts payable and accrued expensesStart of year $282,242,924$362,162,771
X-19 Deferred revenueStart of year $1,840,731,085$1,799,145,564
X-20 Tax-exempt bond liabilitiesStart of year $25,000,000$100,000,000
X-25 Other liabilitiesStart of year $676,896,388$619,198,353
X-26 Total liabilitiesStart of year $3,460,404,534$3,469,355,057
X-27 Net assets without donor restrictionsStart of year $5,455,561,991$5,799,710,392
X-28 Net assets with donor restrictionsStart of year $4,233,544,837$4,497,628,963
X-32 Total net assets or fund balancesStart of year $9,689,106,828$10,297,339,355
X-33 Total liabilities and net assetsStart of year $13,149,511,362$13,766,694,412
Part XI · Reconciliation of net assets $10,297,339,355 net assets at year end
XI-1 Total revenue$2,567,650,038
XI-2 Total expenses$2,297,164,772
XI-3 Revenue less expenses$270,485,266
XI-4 Net assets at start of year$9,689,106,828
XI-5 Net unrealized gains (losses) on investments$347,397,636
XI-9 Other changes in net assets−$9,650,375
XI-10 Net assets at end of year$10,297,339,355

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

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