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CORNELL UNIVERSITY FOUNDATION
ITHACA, NY · EIN 222848738 · Form 990 · FY2024 · NTEE B43 · Education · Large ($10M-$50M) · alumni.cornell.giftplans.org
revenue
$27.9M
expenses
$22.5M
net assets
$198.2M
employees
0
volunteers
4
program ratio
94%
mission · from form 990

TO PROVIDE A SERVICE FOR CORNELL ALUMNI AND FRIENDS WHO WISH TO MAKE CHARITABLE GIFTS THROUGH THE STRUCTURE OF A DONOR-ADVISED FUND.

profile · synthesized from sources

CORNELL UNIVERSITY FOUNDATION facilitates charitable giving from alumni and friends through donor-advised funds and planned gift vehicles such as IRA distributions, bequests, and asset-based gifts. It supports Cornell University by providing tools and guidance for donors to align philanthropy with personal financial and estate planning goals. The foundation operates as a service for donors rather than directly delivering programs.

named programs · 3 · from sources

What they call their work

Cayuga Society
Recognizes individuals who have included Cornell in their estate plans through bequests or other planned gifts, offering lifetime membership and special events.
Charitable IRA Distributions
Enables individuals over age 70½ to make tax-free charitable gifts directly from their IRA accounts.
Gift Planning
Provides guidance and tools for donors to make planned gifts to Cornell University using IRAs, bequests, and personal assets.
activities · 2 groups

What they do

  • Donor-Advised Fund Grantmaking 2 activities
    • Administering donor-advised fund services
      Offers a donor-advised fund service to Cornell alumni and friends, enabling them to recommend grants to charitable organizations while receiving administrative and philanthropic support.
    • Facilitating qualified charitable distributions from IRAs
      Enables donors over age 70½ to make charitable gifts directly from their IRAs to Cornell University, supporting tax-efficient giving through qualified charitable distributions.
  • Recognition and Awards Programs 1 activity
    • Recognizing planned gift donors through the Cayuga Society
      Provides lifetime membership in the Cayuga Society for individuals who have made planned gifts to Cornell, including recognition through special events and other acts of acknowledgment.
financials · form 990 · fy2024
revenue
Total revenue$27.92M
Contributions & grants$12.85M46%
Program service revenue$00%
Investment income$15.08M54%
Other revenue$-8K
expenses
Total expenses$22.51M
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$0
Grants paid out$21.11M
Largest expense lineProfessional Fees
balance sheet
Total assets$198.35M
Cash$2.82M
Investments$194.19M
Liabilities$97K
Net assets$198.25M
Liquid reserves105.0 mo
6 years on record · 2019–2024 · YoY revenue +48.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
TRACY CARY TRUSTEE 0 $319K
CARINE HAILS TRUSTEE 0 $256K
board members · 2
  • DAVID C COSTINE — TRUSTEE
  • NELSON SCHAENEN JR — TRUSTEE
relationships · 1

Who they work with

  • Cornell University Network — CORNELL UNIVERSITY FOUNDATION supports Cornell University through gift planning and stewardship of planned gifts.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Donor-Advised Fund Model for Affinity-Based Giving
    methodology: donor-advised fund model
    By offering a donor-advised fund structure specifically tailored to Cornell alumni and friends, we increase engagement and giving, because it combines the tax and financial benefits of charitable giving with a personal connection to the institution.
  • Planned Giving Integration with Financial and Estate Goals
    methodology: planned_giving
    By aligning philanthropic giving with donors' personal financial and estate planning objectives, we increase the likelihood of sustained and larger gifts, because donors are more inclined to give when it supports both their family needs and their values.