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JOAN AND IRWIN JACOBS TECHNION - CORNELL INSTITUTE INC
NEW YORK, NY · EIN 464395157 · Form 990 · FY2024 · NTEE B82 · Education · Large ($10M-$50M) · tech.cornell.edu
revenue
$31.4M
expenses
$32.4M
net assets
$216.1M
employees
0
volunteers
12
program ratio
86%
mission · from form 990

ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS AND STUDENTS.

profile · synthesized from sources

Administers a dual master's degree program in connective media awarded jointly by Technion-Israel Institute of Technology and Cornell University. Provides a research environment for faculty, researchers, and students focused on human-centered technology, combining computer science with social theory, ethics, and design. Based in New York City, the institute emphasizes project-based learning and entrepreneurship.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $2.57M
    JACOBS' RUNWAY PROGRAM IS A UNIQUE PROGRAM THAT GIVES RECENT PHDS INTERESTED IN ENTREPRENEURSHIP IN TECHNOLOGY THE OPPORTUNITY TO DRAW ON THEIR RESEARCH KNOWLEDGE TO LAUNCH NEW VENTURES WITH THE ACADEMIC, PROFESSIONAL, AND NETWORKING SUPPORT FROM JACOBS.
named programs · 3 · from sources

What they call their work

Certificate in Applied Artificial Intelligence
Specialized certificate for dual-degree students demonstrating mastery in AI applications, ethics, and technologies
Dual Master of Science in Connective Media
Two-year program awarding degrees from both Technion and Cornell, combining computer science, engineering, and social sciences to train human-centric technologists
Jacobs Runway Program
Supports recent PhDs interested in technology entrepreneurship by providing academic, professional, and networking resources to launch new ventures
activities · 5 groups

What they do

  • Higher Education Degree Programs 2 activities
    • Offers graduate degree programs in technology, business, and law with interdisciplinary, project-based curricula
      Provides full-time and part-time master’s and PhD programs in fields including computer science, electrical engineering, information science, operations research, business (MBA), and law (LLM), emphasizing hands-on learning, cross-disciplinary collaboration, and real-world innovation challenges. Programs include a two-year Master of Science in Design Technology, a one-year MBA in technology-driven business, and a part-time LLM in Law, Technology, and Entrepreneurship completed over two years.
    • Supports PhD students in conducting leading-edge technology research
      Offers PhD programs in New York City academically equivalent to those at Ithaca, with identical standards and requirements, in five fields: Computer Science, Electrical and Computer Engineering, Information Science, Operations Research, and Operations, Technology, and Information Management. Provides academic and research support for over 150 doctoral students.
  • Higher Education Career Placement 1 activity
    • Offers dual master’s degree programs integrating technical and applied disciplines
      Provides dual Master of Science programs that combine advanced training in machine learning, software development, cybersecurity, and human-computer interaction with applications in health technology, urban systems, and consumer health. Students complete a two-semester specialization project involving prototyping, data analysis, or user-centered design.
  • Student Career Readiness and Internship Placement 1 activity
    • Operates interdisciplinary Studio programs for student-led innovation and startup development
      Runs team-based Studio courses—Product Studio, Startup Studio, PiTech Studio, and BigCo Studio—where students from computer science, engineering, business, and law collaborate to create new products, launch startups, or solve real-world challenges for corporations. These programs integrate applied projects with increasing complexity and industry feedback.
  • Mentorship and Professional Development Programs 1 activity
    • Operates the Runway Startup Postdoc Program to support PhDs in launching technology ventures
      Runs the Runway Program, which supports recent PhD graduates in translating research into startups by providing academic mentorship, professional development, and networking opportunities. The program combines elements of business education, research, and startup incubation.
  • Uncategorized 3 activities
    • Facilitates technology commercialization and startup formation by students and alumni
      Has supported the launch of over 100 startups since inception, including student-founded ventures such as ReverCare, a caregiver support platform, and a voice chatbot for diabetes management. Alumni have founded at least 45 startups since 2022, with graduates securing $240 million in venture capital funding.
    • Offers specialized graduate certificates in artificial intelligence and data science
      Provides certificate programs including AI Modeling and Computation, Applied Artificial Intelligence, and AI for Engineers, requiring six courses across fundamentals, applications, and ethics of AI. These certificates are available to M.Eng. and other master's students to deepen expertise in machine learning, optimization, and automated decision-making.
    • Operates academic and innovation facilities on Roosevelt Island campus
      Manages a permanent, environmentally advanced campus on Roosevelt Island, including the Tata Innovation Center for corporate-academic collaboration, the world’s first residential high-rise built to Passive House standards, and the Graduate Roosevelt Island Hotel and Verizon Executive Education Center for conferences and executive programs.
financials · form 990 · fy2024
revenue
Total revenue$31.41M
Contributions & grants$4.91M16%
Program service revenue$17.72M56%
Investment income$7.07M23%
Other revenue$1.71M
expenses
Total expenses$32.37M
Program expenses86%
Admin / overhead14%
Fundraising0%
Salaries & benefits$0
Grants paid out$2.55M
Largest expense lineProfessional Fees
balance sheet
Total assets$217.14M
Cash$0
Investments$198.49M
Liabilities$1.02M
Net assets$216.11M
Liquid reserves73.6 mo
5 years on record · 2020–2024 · YoY revenue +8.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 9
  • ARIEL ORDA — TRUSTEE
  • AVIGDOR GAL — TRUSTEE
  • GREG MORRISETT — TRUSTEE
  • KAVITA BALA — TRUSTEE & PROVOST (START 02/2025)
  • LAURA SYER — TRUSTEE
  • MARK LEWIS — TRUSTEE
  • MICHAEL KOTLIKOFF — TRUSTEE & PROVOST (LEFT 02/2025)
  • ODED RABINOVITCH — TRUSTEE
  • RAFI AVIRAM — TRUSTEE
relationships · 37

Who they work with

  • ARUP Partner — Collaborates with students on urban tech projects addressing real-world challenges such as transportation access and sustainability.
  • Bill & Melinda Gates Foundation Partner — Students collaborated with the Bill & Melinda Gates Foundation on a project to enable peer-to-peer financial transactions in communities lacking ATM infrastructure.
  • CORNELL Partner — Jointly awards dual master's degrees and collaborates on research programs.
  • City of Holyoke Partner — Collaborates with student teams on urban tech initiatives addressing local city challenges.
  • City of New York Government — Government entity that issued the challenge to establish an applied sciences campus, leading to the founding of Cornell Tech.
  • College of Architecture, Art and Planning Partner — Collaborates with the Jacobs Technion-Cornell Institute on the Urban Tech concentration.
  • College of Architecture, Art, and Planning Partner — Jointly offers the Master of Science in Design Technology program with Cornell Tech.
  • Cornell Engineering Partner — Collaborates with the Jacobs Technion-Cornell Institute on the Urban Tech concentration.
  • Cornell Law School Partner — Hosts LLM students for an additional term in Ithaca, NY, to meet New York State bar examination requirements.
  • Cornell Tech Partner — Jointly operates the Johnson Cornell Tech MBA program on the Cornell Tech campus with interdisciplinary collaboration across graduate programs.
  • Cornell Tech Partner — Jointly operates the Master of Laws in Law, Technology, and Entrepreneurship program with Cornell Tech.
  • Cornell University Network — Issues the Master of Engineering degree through Cornell Tech, a campus of Cornell University.
  • Cornell University Network — PhD students at Cornell Tech are members of the same graduate fields and degree programs as Cornell University, and graduate with Cornell University PhD degrees.
  • Cornell University Partner — Academic partner providing academic rigor and degree-granting authority for the ORIE Masters program at Cornell Tech.
  • Cornell University Partner — Co-founding academic institution in the Cornell Tech campus and the Jacobs Technion-Cornell Institute.
  • Cornell University Partner — Coinstitutional partner in delivering the dual master's degree program in urban tech.
  • Facebook Partner — Provided input into the design of the Connective Media program
  • Faculty of Computing and Information Science Partner — Collaborates on the development and delivery of the Urban Tech program curriculum.
  • Google Partner — Provided input into the design of the Connective Media program
  • Google Partner — Students have developed products and solutions in collaboration with Google.
  • Grammarly Partner — Students collaborated with Grammarly to develop a style filter for text, similar to photo filters on Instagram.
  • Hale Health Partner — Presented a challenge that led to the development of a voice chatbot for diabetes patient reminders by student teams.
  • IBM Partner — Students worked with IBM to develop a tool that helps patients and caregivers be more informed about medical treatments.
  • Jacobs Technion-Cornell Institute Partner — Hosts the Runway Startup Postdoc Program.
  • Julis Rabinowitz Family Funder — Provided support for research and scoping to establish the Urban Tech Hub.
  • MTA Partner — Partners with the program on urban tech projects, including improving transportation access and reducing emissions.
  • New York City Mayor’s Office Partner — Engages with student teams to develop technology solutions for urban challenges such as safety and sustainability.
  • TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY Partner — Jointly awards dual master's degrees and collaborates on research programs.
  • Tata Innovation Center Partner — Co-location partnership housing cutting-edge companies and Cornell academic teams.
  • Technion – Israel Institute of Technology Partner — Coinstitutional partner in delivering the dual master's degree program in urban tech.
+ 7 more
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.

  • Experiential Learning Through Real-World Problem Solving
    methodology: experiential_learning
    By engaging students in project-based studios, innovation labs, and client-driven projects with businesses, physicians, and organizations, the institute builds practical skills and career readiness because hands-on experience with authentic challenges deepens learning and accelerates professional development.
  • Interdisciplinary Collaboration for Real-World Innovation
    methodology: cross_disciplinary_collaboration
    By integrating students and faculty from engineering, business, law, and design in team-based learning and research, the institute prepares technologists and leaders who can solve complex, real-world problems because cross-disciplinary collaboration mirrors modern innovation ecosystems and enhances problem-solving capacity.
  • Research-to-Entrepreneurship Pipeline
    methodology: research_to_entrepreneurship
    By connecting rigorous academic research with mentorship, industry networks, and startup immersion, the institute enables PhDs and students to launch ventures because bridging research expertise with entrepreneurial resources increases the likelihood of technology commercialization and scalable impact.
  • Urban-Embedded Systems Innovation
    methodology: urban_embedded_research
    By situating research and education within New York City’s ecosystem and focusing on urban systems like health, media, and public interest tech, the institute generates relevant, scalable solutions because proximity to real-world challenges and sectoral strengths enables faster iteration, stakeholder engagement, and societal impact.