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Cornell University
ITHACA, NY · EIN 150532082 · Form 990 · FY2024 · NTEE B430 · Education · Very Large (>$50M) · cornell.edu
revenue
$7.5B
expenses
$7.6B
net assets
$13.9B
employees
48,311
volunteers
7,882
program ratio
83%
mission · from form 990

EDUCATION, RESEARCH, MEDICAL SERVICES AND OTHER PUBLIC SERVICES.

profile · synthesized from sources

Cornell University is a private Ivy League research university founded in 1865 in Ithaca, New York. As New York's land-grant institution, it fulfills a mission of education, research, and public service, operating across 16 colleges and schools including Weill Cornell Medicine in New York City. The university serves students globally while maintaining a strong commitment to improving the lives of New York state residents through teaching, extension services, and applied research.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $2.05B
    CORNELL UNIVERSITY IS RENOWNED FOR ITS ACADEMIC RIGOR, INTELLECTUAL VIBRANCY, ENTREPRENEURIAL CHARACTER, AND THE DIVERSITY AND QUALITY OF ITS CURRICULA AND AREAS OF MULTIDISCIPLINARY RESEARCH AND STUDY. THE UNIVERSITY'S UNDERGRADUATE, GRADUATE, PROFESSIONAL, POST-DOCTORAL, AND CONTINUING EDUCATION PROGRAMS HAVE A GLOBAL REPUTATION FOR EXCELLENCE AND INNOVATION. CORNELL'S MAIN CAMPUS IS IN ITHACA, NEW YORK, WITH AN AGRITECH CAMPUS IN GENEVA, NY AND WEILL CORNELL MEDICAL COLLEGE AND CORNELL TECH IN NEW YORK CITY. THE UNIVERSITY HAS A SIGNIFICANT INTERNATIONAL EDUCATIONAL PRESENCE, INCLUDING WEILL CORNELL MEDICAL COLLEGE'S CAMPUS IN DOHA, QATAR. DURING THE REPORTING YEAR, THE UNIVERSITY GRANTED THE FOLLOWING DEGREES: UNDERGRADUATE (4,188); MASTERS (4,015); D.V.M. (121); J.D. (197), AND PH.D., J.S.D., AND D.M.A. (634).
  2. #2 $1.23B
    CORNELL HAS A LONG TRADITION OF LEADERSHIP IN SCHOLARLY WORK AND RESEARCH -BOTH BASIC AND APPLIED- ALONG WITH PUBLIC SERVICE AND ENGAGEMENT IN NEW YORK STATE AND AROUND THE WORLD. REVENUES FROM SPONSORED AWARDS INCLUDE $960,025,000 IN DIRECT SUPPORT AND $268,579,000 IN INDIRECT COST RECOVERY. IN ADDITION TO RESEARCH, WHICH CONSTITUTES THE MAJORITY OF THIS REVENUE, IT ALSO INCLUDES GRANTS AND CONTRACTS TO SUPPORT PUBLIC OUTREACH AND INSTRUCTION.
named programs · 5 · from sources

What they call their work

College of Veterinary Medicine
Offers the Doctor of Veterinary Medicine (DVM) degree and conducts research in animal and public health, being the first in the U.S. to award the DVM
Cornell Cooperative Extension
Translates Cornell research into practical knowledge for New York state residents, businesses, and communities through programs in agriculture, youth development, and family well-being
School of Hotel Administration
World's first undergraduate hospitality degree program, preparing students for leadership in the global hospitality industry
School of Industrial and Labor Relations (ILR)
First four-year school of its kind, focused on improving industrial and labor conditions through education, research, and outreach
Weill Cornell Medical College
Medical school in New York City that trains physicians and conducts clinical research in partnership with New York-Presbyterian Hospital
activities · 6 groups

What they do

  • Study Abroad and Global Immersion Programs 1 activity
    • Delivers higher education and academic programs across multiple campuses and global sites
      Operates a 2,300-acre main campus in Ithaca, NY, and runs more than a dozen programs in New York City, including Weill Cornell Medicine and Cornell Tech. Offers study abroad programs such as Cornell in Rome and Cornell in Washington, and enables global study opportunities based on student academic interests. Enrolls 16,128 undergraduate students from 130 countries, including 19.5% who are first-generation college students.
  • Medical Professional Education & Training 1 activity
    • Delivers medical education and patient care internationally
      Provides medical education and clinical services through Weill Cornell Medicine-Qatar in Doha, Education City, contributing to regional healthcare capacity and global medical training.
  • Public Awareness and Educational Outreach 1 activity
    • Engages in public service and community partnerships
      Conducts public engagement through extension programs, outreach initiatives, policy briefings, and solutions-oriented institutes. Works with communities in New York and beyond to improve quality of life through research-informed action.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Provides financial aid and access to undergraduate education
      Meets full demonstrated financial need for all admitted undergraduate students through grant aid that does not need to be repaid. Nearly half of undergraduate students receive Cornell grant aid, with grant funding more than tripling over the past 20 years.
  • Regional Economic Development Initiatives 1 activity
    • Supports innovation and entrepreneurship
      Generates economic impact and job creation through Cornell Tech and university-affiliated startups, creating 3,200 full-time jobs since 2020 and driving innovation in technology and business.
  • Uncategorized 3 activities
    • Advances agricultural research and extension programs
      Established Cornell Orchards in 1910 for agricultural research and runs Cornell AgriTech in Geneva, NY, focused on sustainable farming practices, food innovation, and supporting the agricultural industry.
    • Conducts scientific and technological research with global impact
      Engages in high-impact research across disciplines, including space exploration (Voyager missions), climate science (Icefin robot in Ross Ice Shelf), medical innovation (development of cancer-targeting white blood cells), and agricultural technology (Cornell Agritech). Research has led to over 40,000 new food products brought to market and $768 million in economic impact through Cornell Tech and its startups.
    • Preserves and advances educational access and inclusion milestones
      Historically conferred the first U.S. Doctor of Veterinary Medicine (DVM) degree, graduated the first woman in the U.S. to earn a Ph.D. in philosophy, became the first university in New York to graduate a woman, and graduated the first African American students to complete four-year degrees and law school at Cornell.
financials · form 990 · fy2024
revenue
Total revenue$7.48B
Contributions & grants$693.55M9%
Program service revenue$5.76B77%
Investment income$992.79M13%
Other revenue$35.15M
expenses
Total expenses$7.61B
Program expenses83%
Admin / overhead16%
Fundraising1%
Salaries & benefits$4.21B
Grants paid out$925.44M
Largest expense lineCompensation
balance sheet
Total assets$19.80B
Cash$1.13B
Investments$11.61B
Liabilities$5.87B
Net assets$13.92B
Liquid reserves20.1 mo
6 years on record · 2019–2024 · YoY revenue +14.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 23
NameTitleHours/wkCompensation
ZEV ROSENWAKS MD ACADEMIC PROFESSOR - WCM 55 $9.74M
LEONARD GIRARDI MD ACADEMIC CHAIR - WCM 55 $6.75M
HEY-JOO KANG MD ASSOCIATE PROFESSOR - CLINICAL 55 $5.98M
KIEHYUN DANIEL RIEW MD ASSISTANT PROFESSOR - WCM 55 $5.80M
ROGER HARTL MD CLINICAL PROFESSOR - WCM 55 $4.51M
ROBERT J MIN MD PRES. & CEO OF PHYSICIAN ORG 55 $2.95M
ROBERT HARRINGTON PROVOST FOR MEDICAL AFFAIRS & DEAN 55 $2.71M
KENNETH MIRANDA CHIEF INVESTMENT OFFICER 55 $2.22M
MARTHA E POLLACK FORMER PRESIDENT 55 $1.81M
MICHAEL I KOTLIKOFF PRESIDENT & TRUSTEE 55 $1.41M
THOMAS STOKES VP FOR FINANCE/CFO WCM 55 $1.34M
AUGUSTINE MK CHOI MD FORMER PROVOST - MEDICAL AFFAIRS & DEAN 55 $1.24M
CATHY E GARZIO EXEC VICE PROVOST & COO - WCM 55 $1.07M
CHRISTOPHER J COWEN EVP & CFO 55 $1.02M
DONICA VARNER UNIVERSITY COUNSEL 55 $875K
FRANCIS LEE FORMER INTERIM DEAN - WCM 55 $835K
KAVITA BALA PROVOST 55 $556K
SCOTT PUCCINO FORMER CFO & ASSOC. TREASURER - WCM 55 $221K
HEI HEI DEPEW EMPLOYEE & TRUSTEE 2 $124K
DURBA GHOSH EMPLOYEE & TRUSTEE 2 $114K
DANIELLE OBISIE-ORLU STUDENT & TRUSTEE 2 $19K
MARTIN F SCHEINMAN ESQ TRUSTEE 2 $2K
JP SWENSON STUDENT & TRUSTEE 2 $277
board members · 2
  • A'NDREA L VAN SCHOICK — TRUSTEE
  • ADAM J LEVINSON — TRUSTEE
relationships · 11

Who they work with

  • Bronfenbrenner Center for Translational Research Network — Interdisciplinary research center based in NYC focused on translating research into practice for child and family well-being.
  • Cayuga Nation Government — Main campus located within the ancestral homelands of the Cayuga Nation.
  • Clinical and Translational Science Center Network — NYC-based center advancing clinical and translational research across Cornell campuses.
  • Cornell University Cooperative Extension New York City Network — Local extension office delivering research-based education and programs to NYC communities.
  • Mario Einaudi Center for International Studies Partner — Collaborates on international studies and global learning initiatives.
  • New York Government — Land-grant university for New York state, fulfilling public mission through education and service.
  • New York State Government — Land-grant institution for New York state, fulfilling a public mission through research and engagement.
  • Sidra Medical and Research Center Partner — Partnership with Weill Cornell Medicine-Qatar to enhance clinical and research experience in Doha.
  • State University of New York Partner — Partner institution in New York State.
  • United States Department of Agriculture Partner — Collaborated with Theobald Smith in discovering the first Salmonella bacterium while working for the USDA.
  • Wegmans Partner — Partnered with Wegmans to train growers in food safety
strategies · 5

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.

  • Community-Engaged Research Model
    methodology: community-engaged-research
    By collaborating directly with communities to co-develop solutions, Cornell generates relevant knowledge and builds local capacity, because participatory research increases trust, aligns priorities, and enhances the sustainability of outcomes.
  • Inclusive Access Through Financial and Structural Support
    methodology: open_access_education
    By providing need-based financial aid and early coeducation with dedicated infrastructure for underrepresented groups, Cornell increases access and equity in higher education, because removing financial and structural barriers enables broader participation and success.
  • Interdisciplinary Collaboration for Innovation
    methodology: interdisciplinary_collaboration
    By breaking down disciplinary silos and fostering collaboration across fields, Cornell accelerates discovery and real-world breakthroughs, because complex societal problems require integrated expertise and diverse perspectives to solve.
  • Land-Grant Mission Integration
    methodology: land_grant_mission
    By integrating teaching, research, and public service through its land-grant mission, Cornell produces societal impact and improves quality of life, because this tripartite model ensures that academic work is directly linked to public needs and community engagement.
  • Purpose-Driven Discovery and Innovation
    methodology: purpose-driven_science
    By advancing scientific inquiry with a focus on societal impact, Cornell translates bold ideas into practical solutions, because aligning research with real-world needs increases the relevance, adoption, and scalability of innovations.