irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $4.86MEITHER DIRECTLY OR INDIRECTLY (THROUGH BCF FUNDS TRANSFERRED TO THE CITY UNIVERSITY OF NEW YORK TO REDUCE STUDENT TUITION OBLIGATIONS), THE BCF PROVIDED $4.86 MILLION IN SCHOLARSHIPS AND AWARDS TO 1,845 STUDENTS IN FISCAL YEAR 2025. ALL SCHOLARSHIP AND AWARDS RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON INDIVIDUAL SCHOLARSHIP AND AWARD FUND CRITERIA. DIRECT AWARDS TO 639 STUDENTS INCLUDE, BUT ARE NOT LIMITED TO FUNDS DISTRIBUTED FOR STUDY ABROAD PROGRAMS, AWARDS TO RECOGNIZE ACADEMIC ACHIEVEMENT AND EMERGENCY FUNDS DISTRIBUTED BASED ON NEED DUE TO HARDSHIP.
named programs · 3 · from sources
What they call their work
17 Lex Society
Recognizes annual donors who contribute $1,000 or more to support Baruch College students and programs
Bernard Baruch Benchmark Society
Honors donors who include Baruch College in their estate plans through wills, trusts, life income gifts, or retirement assets
Scholarships and Awards Program
Provides financial support to Baruch College students through need-based, merit-based, and special-purpose awards, including emergency aid and study-abroad funding
activities · 3 groups
What they do
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Alumni Community Building 3 activities
- Hosting alumni events and programmingOrganizes dozens of annual in-person and virtual events for alumni, including reunions, networking receptions, on-campus lectures, conferences, seminars, and the signature Bernard Baruch Dinner, which brings together hundreds of alumni, friends, and community leaders.
- Providing alumni communications and benefitsDistributes regular communications to alumni, including a semiannual Alumni Magazine, monthly e-Newsletters, and event calendars. Offers exclusive alumni benefits such as free career services, alumni ID cards for limited campus access, and special discounts.
- Supporting alumni engagement through networks and volunteeringStrengthens alumni connections and involvement via industry and regional networks, mentoring opportunities, and an Alumni Ambassador program that engages alumni in student admissions outreach. Offers a range of volunteer opportunities with varying time commitments, including one-time, short-term, and long-term roles.
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Local High School Scholarship Programs 1 activity
- Administering student scholarships and awardsProvides financial support to undergraduate and graduate students at Baruch College through scholarships and awards, including for academic achievement, study abroad, and emergency financial assistance based on need. In fiscal year 2025, awarded $4.86 million to 1,845 students.
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Endowment and Gift Fund Management 1 activity
- Managing endowment and planned giving programsManages an institutional endowment originally established from Bernard Baruch's 1965 estate gift and facilitates planned giving options to help donors extend their philanthropy into the future.
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financials · form 990 · fy2024
revenue
Total revenue$24.21M
Contributions & grants$13.44M56%
Program service revenue$00%
Investment income$10.81M45%
Other revenue$-43K
expenses
Total expenses$22.54M
Program expenses84%
Admin / overhead9%
Fundraising6%
Salaries & benefits$10.06M
Grants paid out$10.56M
Largest expense lineCompensation
balance sheet
Total assets$339.91M
Cash$22.50M
Investments$298.27M
Liabilities$3.09M
Net assets$336.82M
Liquid reserves170.8 mo
6 years on record · 2019–2024 · YoY revenue -23.4%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 9
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| DR S DAVID WU | PRES. OF BARUCH COLLEGE | 10 | $573K |
| YILDIRAY YILDIRIM | PROFESSOR | 0 | $542K |
| BRUCE WEBER | DEAN | 10 | $507K |
| SCOTT NEWBERT | PROFESSOR | 0 | $438K |
| LINDA ESSIG | PROVOST | 0 | $421K |
| LIN PENG | PROFESSOR | 0 | $413K |
| ALAINA GILLIGO | VP OF OPS. & ADMIN. | 10 | $333K |
| MARY RIVERS | AVP OF BUDGET & PLANNING | 10 | $219K |
| IRINA LASKIN | CONTROLLER | 35 | $215K |
board members · 16
- AHMAD CHOUDHRY — TRUSTEE
- ALEJANDRO CANETE — TRUSTEE
- AUSTIN W MARXE — TRUSTEE
- BUZZY GEDULD — TRUSTEE
- CHARLES R DREIFUS — TRUSTEE
- CHRISTINE S LI-AUYEUNG — TRUSTEE
- DANIEL CLIVNER — TRUSTEE
- DARREN J SMITH — TRUSTEE
- DAVID KRELL — TRUSTEE
- DEBRA BERNSTEIN — TRUSTEE
- DEBRA WASSERMAN — TRUSTEE
- DENNIS J HICKEY — TRUSTEE
- DONALD V DAVIS — TRUSTEE
- DOV C SCHLEIN — TRUSTEE
- DOV GERTZULIN — TRUSTEE
- ERIC M KIRSCH — TRUSTEE
relationships · 11
Who they work with
- Baruch College Government — Part of the CUNY system and affiliated with Baruch College for fundraising and donor engagement.
- Baruch College Network — Part of the Baruch College alumni network ecosystem.
- Baruch College Network — Primary beneficiary of the Baruch College Fund's support for scholarships, programs, and faculty
- Baruch College Alumni Association (BCAA) Partner — Independent chartered organization with which the Office of Alumni Relations collaborates, though membership and dues are separate.
- Baruch and Beyond Roundtables Partner — Volunteer program that connects alumni for discussion and engagement with Baruch.
- Bernard Baruch Partner — Namesake and original planned giver whose estate gift in 1965 established a lasting endowment for the College.
- CITY UNIVERSITY OF NEW YORK Partner — Receives funds from The Baruch College Fund to reduce student tuition obligations and administers scholarship recipient selection and approval.
- Executives on Campus Partner — Volunteer program that brings alumni executives to campus to engage with students.
- FWA at Baruch Partner — Volunteer program involving alumni in supporting Baruch through the Financial Women's Association.
- Sidney Mishkin Gallery Partner — Hosts events for Baruch College alumni.
- Ziegfeld Ballroom Partner — Venue host for the Bernard Baruch Dinner.
strategies · 3
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.
- Alumni Engagement Through Events and Lifelong Connectionsmethodology: lifelong_alumni_engagementBy hosting alumni events such as reunions, networking receptions, and on-campus academic/cultural programs, the organization fosters lifelong engagement between graduates and the college, because sustained personal and professional connections strengthen alumni identity and affinity, leading to deeper institutional support over time.
- Philanthropy as a Driver of Educational Access and Student Successmethodology: philanthropy-driven_educational_supportBy securing donor contributions—including major gifts, annual fundraising events, and legacy giving—the organization advances educational access and student success, because philanthropic investment directly reduces financial barriers and sustains academic excellence and institutional capacity.
- Volunteer and Ambassador Networks to Expand Alumni Reachmethodology: volunteer-ambassador network modelBy leveraging volunteer and ambassador networks across corporations, industries, and regions, the organization strengthens alumni engagement at scale, because peer-led outreach in professional and geographic communities increases relevance, participation, and institutional connection.