Cornell University

Organization Overview

Cornell University is located in Ithaca, NY. The organization was established in 1951. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Cornell University employed 40,978 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornell University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Cornell University generated $6.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $5.4b during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Cornell University has awarded 2,103 individual grants totaling $561,186,156. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION, RESEARCH, MEDICAL SERVICES AND OTHER PUBLIC SERVICES.

Describe the Organization's Program Activity:

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 THE CAMPUSES OF WEILL CORNELL MEDICAL COLLEGE AND CORNELL TECH IN NEW YORK CITY. CONTINUE ON SCHEDULE O


MEDICAL SERVICES, INCLUDING THE TRAINING AND EDUCATION OF PHYSICIANS, IS A PRIMARY COMPONENT OF THE UNIVERSITY'S MISSION. CORNELL IS COMMITTED TO EXCELLENCE IN PATIENT CARE, SCIENTIFIC DISCOVERY, AND THE EDUCATION OF FUTURE PHYSICIANS IN NEW YORK CITY AND AROUND THE WORLD. THE DOCTORS AND SCIENTISTS OF WEILL CORNELL MEDICINE -FACULTY FROM WEILL CORNELL MEDICAL COLLEGE, WEILL CORNELL GRADUATE SCHOOL OF MEDICAL SCIENCES, AND THE WEILL CORNELL PHYSICIAN ORGANIZATION- PROVIDE CLINICAL CARE AND RESEARCH THAT CONNECT PATIENTS TO THE LATEST TREATMENT INNOVATIONS AND PREVENTION STRATEGIES.


CORNELL HAS A LONG TRADITION OF COMBINING SCHOLARLY WORK AND LEADERSHIP IN RESEARCH -BOTH BASIC AND APPLIED- WITH PUBLIC SERVICE AND ENGAGEMENT IN NEW YORK STATE AND AROUND THE WORLD. REVENUES FROM SPONSORED AWARDS INCLUDE $723,783,000 IN DIRECT SUPPORT AND $199,281,000 IN INDIRECT COST RECOVERY. REVENUES ALSO INCLUDE GRANT AND CONTRACT REVENUE TO SUPPORT PUBLIC OUTREACH AND INSTRUCTION, THE SINGLE LARGEST PORTION IS RELATED TO RESEARCH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
575 Lex Property Owner Llc
Consulting
$13,592,047
Bny Mellon
Investments
$36,952,901
Lechase Construction Services Llc
Construction
$6,078,725
J A Jennings Inc
Real Estate Mgmt
$5,607,243
Gemini Consulting Services Llc
Consulting
$7,891,943
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$688,026
Fundraising events$457,700
Related organizations$27,106,021
Government grants $19,930,692
All other contributions, gifts, grants, and similar amounts not included above$612,128,000
Noncash contributions included in lines 1a–1f $17,182,713
Total Revenue from Contributions, Gifts, Grants & Similar$660,310,439
Total Program Service Revenue$4,627,366,695
Investment income $79,932,572
Tax Exempt Bond Proceeds $0
Royalties $31,475,800
Net Rental Income $1,678,297
Net Gain/Loss on Asset Sales $700,181,267
Net Income from Fundraising Events -$250,606
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,763,447
Miscellaneous Revenue$0
Total Revenue $6,105,457,911

Grants Awarded

Over the last fiscal year, Cornell University has awarded $84,387,330 in support to 247 organizations.

Grant RecipientAmount

REGENTS OF THE UNIVERSITY OF CALIFORNIA

Org PageRecipient Profile

Santa Cruz, CA

PURPOSE: Research

$3,457,965

MEMORIAL SLOAN KETTERING CANCER CTR

Org PageRecipient Profile

New York, NY

PURPOSE: Research

$3,071,640

JOHNS HOPKINS UNIVERSITY

Org PageRecipient Profile

Baltimore, MD

PURPOSE: Research

$2,248,046

New Brunswick, NJ

PURPOSE: Research

$1,681,983

REGENTS OF THE UNIVERSITY OF MICHIGAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: Research

$1,602,573

STANFORD UNIVERSITY BOARD OF TRUSTEES

Org PageRecipient Profile

Redwood City, CA

PURPOSE: Research

$1,602,513
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Cornell University has recieved totaling $428,381.

Awarding OrganizationAmount
Origin Spring Foundation

Belmont, MA

PURPOSE: GENERAL BUDGET

$150,000
Chau Family Charitable Foundation

La Habra Hts, CA

PURPOSE: CONTRIBUTION TO THE UNIVERSITY RESEARCH, DISCOVERY, PUBLIC ENGAGEMENT AND CREATIVITY.

$100,000
John T And Jane A Wiederhold Foundation

Torrington, CT

PURPOSE: SOS CORNELL STUDENT TEACHING PROGRAM

$42,646
Marjorie And Irwin Nat Pincus Fund

Philadelphia, PA

PURPOSE: GENERAL FUND

$40,000
Wallace Genetic Foundation Ii Inc

Washington, DC

PURPOSE: INTERNATIONALAGRICULTUREPROGRAMS

$25,000
Wm C & Mariee S Shank Charitable Trust

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$11,835
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,678,526,938
Earnings$2,704,871,491
Admin Expense$64,776,030
Net Contributions$212,788,526
Other Expense$242,703,854
Grants$58,390,650
Ending Balance$9,230,316,421

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
Villanova University
Villanova, PA
$872,271,471
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Rockefeller University
New York, NY
$535,346,959
Lehigh University
Bethlehem, PA
$713,288,867
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$606,887,297
American University Of Beirut
New York, NY
$608,300,843
Quinnipiac University
Hamden, CT
$531,949,834
Seton Hall University
South Orange, NJ
$473,034,000

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