irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $168.70MSCHOLARSHIP AND FINANCIAL AID: The New School seeks to make its education as affordable as possible by offering financial support to students based on financial need, academic achievement, and other qualifications through scholarship and work study programs, which are funded by institutional funds and federal, state and private grants. In academic year 2024-2025, 8,693 students received institutional support.
- #2 $126.88MEDUCATIONAL SUPPORT: THE UNIVERSITY'S EDUCATIONAL SUPPORT PROGRAM IS COMPOSED OF ACADEMIC SUPPORT AND STUDENT SERVICES. ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, AND FACULTY AND CURRICULUM DEVELOPMENT, FOR ITS ACADEMIC PROGRAM. STUDENT SERVICES PROVIDES VARIOUS SERVICES TO STUDENTS, WHICH CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE UNIVERSITY'S FORMAL INSTRUCTIONAL PROGRAMS.
named programs · 10 · from sources
What they call their work
BA Journalism + Design
Interdisciplinary undergraduate program co-offered by Parsons and Lang College to train a new generation of journalists
College of Performing Arts
Consolidated school for drama, jazz, and music (including Mannes School of Music), fostering cross-disciplinary performance and training
Digital Equity Laboratory
Research initiative addressing structural inequities in access to and impact of modern technology
Eugene Lang College of Liberal Arts
Undergraduate liberal arts college offering small seminar-style classes focused on critical thinking and social inquiry
Institute on Race, Power and Political Economy
Research institute led by Darrick Hamilton focusing on structural inequalities and policy solutions for economic and racial equity
Milano School of Policy, Management, and Environment
Graduate school offering programs in urban policy, environmental policy, and sustainability management
Parsons School of Design
Design school offering degrees in fashion, interior, and lighting design; known for innovation in design education and industry impact
Quantum Lab
Interdisciplinary initiative combining quantum computing with creative disciplines in an academic setting
University in Exile
Graduate school of political and social science established in 1933 to incorporate scholars fleeing fascist persecution; now continues as a consortium supporting endangered academics
Zolberg Institute on Migration and Mobility
Research and action initiative reinvigorated to address global and local challenges in immigrant rights and migration policy
activities · 7 groups
What they do
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Higher Education Degree Programs 2 activities
- Deliver higher education across multiple colleges and programsOperates multiple academic divisions including Parsons School of Design, Eugene Lang College of Liberal Arts, the College of Performing Arts, The New School for Social Research, and Parsons Paris, offering undergraduate, graduate, and professional degree programs in design, liberal arts, performing arts, and social research.
- Expand academic access and institutional capacityEstablished and integrated new schools and programs to broaden educational access and innovation, including Eugene Lang College, Milano School, the School of Jazz, Mannes College of Music, and graduate programs in media studies, creative writing, environmental policy, and dramatic arts, along with state-of-the-art facilities like Arnhold Hall and the Sheila C. Johnson Design Center.
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Student Support and Academic Services 1 activity
- Disseminate institutional information and policiesProvides students with comprehensive access to financial aid, safety, privacy, academic honesty, and consumer disclosure information through university policies and public resources.
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Safe and Inclusive School Environment 1 activity
- Ensure non-discriminatory access to educationAdministers admissions, scholarships, loans, athletics, and all academic programs without discrimination based on race, color, national, or ethnic origin, and admits students to all rights and privileges offered at the institution.
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School Governance & Strategic Oversight 1 activity
- Manage university administration and strategic planningOversees institutional governance, academic strategy, policy development, and long-term planning through leadership bodies and a board of trustees composed of faculty, students, alumni, and external leaders who contribute expertise and guidance.
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Admissions and Enrollment Support Services 1 activity
- Provide student application and enrollment servicesOffers online application systems for undergraduate, graduate, and professional programs through the Common App and dedicated platforms for adult, transfer, and associate degree applicants.
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Student Government Representation 1 activity
- Support student governance and representationOperates a university-wide student government elected from all schools, with monthly meetings between student senate officers and senior leadership to address academic and social issues affecting student life.
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Uncategorized 3 activities
- Advance research in social, urban, and creative fieldsConducts research to generate theoretical and practical knowledge, including the establishment of the Center for New York City Affairs—the first U.S. research center dedicated to a single city—and interdisciplinary collaborations such as the solar-powered home project that won the U.S. Department of Energy’s 2011 Solar Decathlon award.
- Facilitate staff advocacy and shared governanceOperates elected staff senates and advisory bodies—including the Staff Senate and Faculty Senate—that represent staff and faculty views, advise administration, and ensure their needs are considered in university decision-making.
- Host public intellectual and cultural eventsOrganizes public programs, lectures, and performances in New York City and Paris, including hosting Dr. Martin Luther King Jr., Senator Barack Obama, Aaron Copland, and the launch of _Inside the Actors Studio_, as well as offering open classes and campus tours.
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financials · form 990 · fy2024
revenue
Total revenue$630.65M
Contributions & grants$40.24M6%
Program service revenue$533.21M85%
Investment income$45.78M7%
Other revenue$11.42M
expenses
Total expenses$655.16M
Program expenses85%
Admin / overhead14%
Fundraising1%
Salaries & benefits$296.47M
Grants paid out$168.70M
Largest expense lineCompensation
balance sheet
Total assets$1.74B
Cash$4.47M
Investments$534.59M
Liabilities$1.12B
Net assets$621.17M
Liquid reserves9.9 mo
6 years on record · 2019–2024 · YoY revenue +7.2%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 25
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Mark Diaz | Interim EVP for Business and Operations (through January 2025) | 40 | $904K |
| Donna Shalala | Interim President (through July 2024) | 60 | $766K |
| Joel Towers | President (beginning August 2024) | 60 | $761K |
| Rene White | Provost & Executive Vice President for Academic Affairs | 40 | $736K |
| Anne Adriance | SVP for Marketing and Business Development | 40 | $536K |
| Alex Perez | General Counsel | 40 | $477K |
| Richard Kessler | Executive Dean | 40 | $461K |
| Darrick Hamilton | Faculty | 40 | $431K |
| Mary Watson | Full Time Faculty | 40 | $427K |
| Jennifer Hobbs | SVP, University Secretary, Chief of Staff | 40 | $408K |
| Yvonne Watson | Interim Executive Dean, Parsons School of Design | 40 | $402K |
| Ann Stoler | Faculty | 40 | $365K |
| Joseph Sloan | Executive Director and Dean of Continuing and Professional Education (Through Sept 2024) | 40 | $361K |
| Christopher Cox | Executive Dean | 40 | $348K |
| Thomas Aleinikoff | Executive Dean | 40 | $343K |
| Robert Mack | Vice Provost Student Success & Engagement | 40 | $331K |
| Rachel Schreiber | Former Dean/Current Faculty | 40 | $329K |
| Lin Zhou | SVP and Chief Information Officer (Through September 2024) | 40 | $328K |
| Stephanie Browner | Former Provost/Current Faculty | 40 | $325K |
| Loretta Ferrari | Vice President of Finance and Budget & Chief Financial Officer | 40 | $312K |
| Jonah Nigh | Senior Vice President for Development & Alumni Engagement | 40 | $267K |
| William Milberg | Full Time Faculty | 40 | $265K |
| CRAIG BERNECKER | FACULTY TRUSTEE (through May 2025) | 40 | $225K |
| Joshua Burgher | Former Chief Financial Officer | 0 | $216K |
| Julia Foulkes | FACULTY TRUSTEE (Beginning May 2025) | 40 | $196K |
relationships · 14
Who they work with
- College of Performing Arts Partner — Constituent college within The New School offering performing arts education.
- Columbia University Partner — Collaborative relationship through faculty and program leadership, including Francisco Pineda's role as graduate program director and faculty member in Construction Administration.
- Eugene Lang College of Liberal Arts Partner — Constituent college within The New School offering liberal arts education.
- Mannes College of Music Partner — Became part of The New School, expanding its performing arts programs.
- New Museum Partner — Founded at The New School, which served as its first home.
- Northwestern University Partner — Professional and educational connection through Meg Kaufmann's prior development role and Alex Perez's JD from Northwestern University School of Law.
- Parsons Paris Partner — International campus of Parsons School of Design located in Paris.
- Parsons School of Design Partner — Academic division within The New School where leadership and program development initiatives have been implemented.
- Parsons School of Design Partner — Constituent college within The New School offering design education.
- Parsons School of Design Partner — Integrated into The New School, becoming a core unit offering design education.
- Rutgers University Partner — Professional affiliation through Alex Perez's prior leadership roles as chief of staff, senior vice chancellor, and associate general counsel.
- Stevens Institute of Technology Partner — Collaborated with The New School and Parsons on the 2011 Solar Decathlon project.
- The New School for Social Research Partner — Constituent college within The New School focused on social research.
- University Student Senate Partner — Student government body that collaborates with university leadership to improve academic and social aspects of student life.
strategies · 4
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.
- Academic Sanctuary for Intellectual Freedommethodology: academic sanctuaryBy providing refuge for persecuted scholars and integrating them into academic life, the institution preserves intellectual freedom and enriches discourse because diverse, globally sourced perspectives strengthen research and education.
- Equity Through Access and Philanthropymethodology: equity-through-accessBy combining nondiscriminatory access policies with strategic philanthropy, the institution advances equity and inclusion in higher education because removing structural barriers and resourcing underrepresented voices compounds social justice outcomes.
- Interdisciplinary Education for Progressive Thinkingmethodology: interdisciplinary_educationBy dissolving disciplinary boundaries and integrating design, social research, and the arts, the institution fosters progressive thinking and equips students to address complex societal challenges because multifaceted problems require transdisciplinary solutions.
- Project-Based, Human-Centered Learningmethodology: project_based_learningBy centering education on collaborative, project-based learning and human-centered design, students engage directly with real-world problems because experiential engagement grounded in cultural and human values leads to more impactful and innovative solutions.