Cornell University

Cornell University 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 06/2020, Cornell University employed 43,316 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Cornell University generated $5.1b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $5.2b during the year ending 06/2020. While expenses have increased by 4.3% per year over the past 5 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 1,593 individual grants totaling $391,521,891. 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION, RESEARCH, MEDICAL SERVICES AND OTHER PUBLIC SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 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 $696,518,653 MILLION IN DIRECT SUPPORT AND $184,763,443 MILLION 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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Cornell University Vendors

Vendor Name (Service)Compensation
Bny Mellon
Investments
$35,914,015
575 Lex Property Owner Llc
Consulting
$13,184,193
Gemini Consulting Services Llc
Consulting
$7,767,235
Francis J Paolangeli
Construction
$4,166,471
156 William Street Owner Llc
Deferred Compenstion
$4,148,640
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$800,295
Fundraising events$3,853,214
Related organizations$27,648,534
Government grants $38,513,453
All other contributions, gifts, grants, and similar amounts not included above$440,229,536
Noncash contributions included in lines 1a–1f $75,750,431
Total Revenue from Contributions, Gifts, Grants & Similar$511,045,032
Total Program Service Revenue$4,280,021,515
Investment income $107,335,101
Tax Exempt Bond Proceeds $0
Royalties $30,692,848
Net Rental Income $1,708,747
Net Gain/Loss on Asset Sales $191,530,901
Net Income from Fundraising Events -$2,733,855
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $7,093,027
Miscellaneous Revenue$0
Total Revenue $5,126,693,316

Cornell University Grants Awarded

Over the last fiscal year, Cornell University has awarded $85,276,935 in support to 263 organizations.

Grant RecipientAmount

MEMORIAL SLOAN KETTERING CANCER CENTER

Org PageRecipient Profile

New York, NY

|

$4,804,899

RUTGERS ALUMNI ASSOCIATION

Org PageRecipient Profile

New Brunswick, NJ

|

$2,939,413

REGENTS OF THE UNIVERSITY OF CALIFORNIA

Org PageRecipient Profile

Davis, CA

|

$2,398,551

STANFORD UNIVERSITY

Org PageRecipient Profile

Redwood City, CA

|

$2,265,307

SATHGURU INC

|

|

$1,949,309

UNIVERSITY OF CHICAGO

Org PageRecipient Profile

Chicago, IL

|

$1,940,047
View Grant Profile

Cornell University Grants Recieved

Over the last fiscal year, we have identified 118 grants that Cornell University has recieved totaling $12,283,342.

Awarding OrganizationAmount
Jewish Communal Fund

New York, NY

PURPOSE: General support

$6,170,202
Rimora Foundation

Charlottesville, VA

PURPOSE: CORNELL ANNUAL FUND FOR STUDENT AND CAMPUS LIFE

$2,000,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$932,824
Magee-Womens Research Institute And Foundation

Pittsburgh, PA

PURPOSE: Bio-medical research

$481,971
$231,291
National 4-H Council

Chevy Chase, MD

|

$221,983
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,783,134,979
Earnings$111,917,735
Admin Expense$48,605,605
Net Contributions$201,134,263
Other Expense$312,135,584
Grants$56,918,850
Ending Balance$6,678,526,938

Cornell University Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$936,054,028
Rochester Institute Of Technology
Rochester, NY
$849,584,640
St Johns University New York
Jamaica, NY
$810,687,746
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Villanova University
Villanova, PA
$644,725,997
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$592,927,157
Rockefeller University
New York, NY
$455,447,251
Lehigh University
Bethlehem, PA
$506,773,429
American University Of Beirut
New York, NY
$608,300,843
Brandeis University
Waltham, MA
$457,392,877
Seton Hall University
South Orange, NJ
$456,494,000

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