Nonprofit · EIN 21-0634988
INSTITUTE FOR ADVANCED STUDY
Also known as LOUIS BAMBERGER & MRS F FULD FOUNDN
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $88,930,858 | $95,152,072 | -$6,221,214 | $1,459,827,352 | $140,919,123 | $1,318,908,229 |
| June 30, 2024 | 990 | $69,486,055 | $78,326,678 | -$8,840,623 | $1,386,516,593 | $140,608,940 | $1,245,907,653 |
| June 30, 2023 | 990 | $88,395,697 | $75,495,626 | $12,900,071 | $1,323,473,928 | $142,326,159 | $1,181,147,769 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $66,190,104
- of which government grants
- $5,331,028
- Program service revenue
- $5,813,617
- Investment income
- $16,927,137
- Net gain from sales of assets
- $13,083,650
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $14,381,965
- Compensation of officers, directors and key employees
- $1,903,356
- Other salaries and wages
- $27,968,587
- Salaries, compensation and benefits (total)
- $44,996,174
- Professional fundraising fees
- $0
- Legal fees
- $412,265
- Accounting fees
- $216,193
- Occupancy
- $2,922,586
- Travel
- $3,487,856
- Depreciation
- $8,715,904
- Program services (functional)
- $59,354,350
- Management and general (functional)
- $33,237,883
- Fundraising (functional)
- $2,559,839
Balance sheet and other
- Total assets, start of year
- $1,386,516,593
- Total assets, end of year
- $1,459,827,352
- Total liabilities, end of year
- $140,919,123
- Net assets, end of year
- $1,318,908,229
- Land, buildings and equipment
- $151,820,041
- Publicly traded securities
- $190,060,219
- Net assets without donor restrictions
- $483,781,658
- Net assets with donor restrictions
- $835,126,571
- Gross unrelated business income
- $2,842,016
- Gross receipts
- $294,694,802
- Employees
- 575
- Volunteers
- 61
- Year formed
- 1930
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID NIRENBERG | DIRECTOR/TRUSTEE Trustee or director, Officer | 60 | $930,138 | $83,189 |
| JEFFREY GATTO | CHIEF INVESTMENT OFFICER Highest-paid employee | 50 | $727,073 | $61,376 |
| NATHAN SEIBERG | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $520,495 | $76,778 |
| MATIAS ZALDARRIAGA | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $471,641 | $88,083 |
| ALEXANDRA DAY | ASSOCIATE DIRECTOR Officer | 55 | $451,039 | $93,321 |
| NIMA ARKANI-HAMED | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $467,406 | $74,051 |
| ADAM SOLAN | INVESTMENT OFFICER Highest-paid employee | 50 | $481,565 | $51,214 |
| JANINE PURCARO | ASSOCIATE DIRECTOR FOR FINANCE Officer | 55 | $464,276 | $61,495 |
| JOHN OVERDECK | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| NANCY B PERETSMAN | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ANN-KRISTIN ACHLEITNER | TRUSTEE/SECRETARY (AS OF 05/2025) Trustee or director, Officer | 2 | $0 | $0 |
| NEIL A CHRISS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NANCY S MACMILLAN | SECRETARY (THRU 05/2025) Trustee or director, Officer | 2 | $0 | $0 |
| CHARLES SIMONYI | CHAIR EMERITUS/TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| VICTORIA B BJORKLUND | TRUSTEE Trustee or director | 2 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER COLE | TRUSTEE Trustee or director | 2 | $0 |
| PAUL DIMAGGIO | TRUSTEE (AS OF 10/2024) Trustee or director | 1 | $0 |
| MARIO DRAGHI | TRUSTEE Trustee or director | 2 | $0 |
| MARK HEISING | TRUSTEE Trustee or director | 2 | $0 |
| FRED HU | TRUSTEE Trustee or director | 1 | $0 |
| JEANETTE LERMAN-NEUBAUER | TRUSTEE Trustee or director | 2 | $0 |
| EVA MARDER | TRUSTEE (THRU 10/2024) Trustee or director | 1 | $0 |
| DARVD F MARQUARDT | TRUSTEE Trustee or director | 1 | $0 |
| JONATHAN NELSON | TRUSTEE Trustee or director | 2 | $0 |
| SANDRA PETERSON | TRUSTEE Trustee or director | 2 | $0 |
| ANOOP PRASAD | TRUSTEE (AS OF 10/2024) Trustee or director | 1 | $0 |
| JORN RAUSING | TRUSTEE Trustee or director | 1 | $0 |
| DAVID M RUBENSTEIN | TRUSTEE Trustee or director | 1 | $0 |
| MIKE SPEISER | TRUSTEE Trustee or director | 1 | $0 |
| GIGLIOLA STAFFILANI | TRUSTEE Trustee or director | 1 | $0 |
| PETER SVENNILSON | TRUSTEE Trustee or director | 1 | $0 |
| SHIRLEY TILGHMAN | TRUSTEE Trustee or director | 2 | $0 |
| PAULINE YU | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID NIRENBERG | DIRECTOR/TRUSTEE Trustee or director, Officer | 40 | $867,332 | $69,857 |
| JEFFREY GATTO | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $691,347 | $53,428 |
| ALEXANDRA DAY | ASSOCIATE DIRECTOR Officer | 40 | $548,781 | $74,810 |
| NATHAN SEIBERG | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $475,736 | $65,773 |
| MATIAS ZALDARRIAGA | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $453,023 | $75,981 |
| JANINE PURCARO | ASSOCIATE DIRECTOR FOR FINANCE Officer | 40 | $472,297 | $54,444 |
| NIMA ARKANI-HAMED | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $447,915 | $63,773 |
| ADAM SOLAN | INVESTMENT OFFICER Highest-paid employee | 40 | $458,210 | $45,689 |
| JOHN OVERDECK | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| NANCY B PERETSMAN | VICE CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| NEIL A CHRISS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NANCY S MACMILLAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHARLES SIMONYI | CHAIR EMERITUS/TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTOPHER COLE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHIRLEY TILGHMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VICTORIA B BJORKLUND | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SANDRA PETERSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARIO DRAGHI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JONATHAN NELSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK HEISING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEANETTE LERMAN-NEUBAUER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID M RUBENSTEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DARVD F MARQUARDT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER SVENNILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JORN RAUSING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANN-KRISTIN ACHLEITNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED HU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE SPEISER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULINE YU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GIGLIOLA STAFFILANI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EVA MARDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WENDELL P WEEKS | TRUSTEE (THRU 02/2024) Trustee or director | 1 | $0 | $0 |
| NARAYANA MURTHY | TRUSTEE (THRU 05/2024) Trustee or director | 1 | $0 | $0 |
| CARL P FEINBERG | TRUSTEE (THRU 05/2024) Trustee or director | 1 | $0 | $0 |
| BERNARD HARCOURT | TRUSTEE (THRU 06/2024) Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID NIRENBERG | DIRECTOR/TRUSTEE Trustee or director, Officer | 40 | $753,500 | $62,635 |
| JEFFREY GATTO | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $629,934 | $49,404 |
| JANINE PURCARO | ASSOCIATE DIRECTOR FOR FINANCE Officer | 40 | $489,732 | $51,404 |
| MATIAS ZALDARRIAGA | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $444,827 | $72,756 |
| NATHAN SEIBERG | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $432,853 | $63,499 |
| NIMA ARKANI-HAMED | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $428,760 | $60,749 |
| JAMES M STONE | NATURAL SCIENCE FACULTY Highest-paid employee | 40 | $418,734 | $61,709 |
| CHARLES SIMONYI | CHAIR (THRU 5/23)/CHAIR EMER/TRUSTEE Trustee or director, Officer | 10 | $0 | $0 |
| JOHN OVERDECK | TRUSTEE (THRU 5/23)/CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| NANCY B PERETSMAN | VICE CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| NEIL A CHRISS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NANCY S MACMILLAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTOPHER COLE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHIRLEY TILGHMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VICTORIA B BJORKLUND | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SANDRA PETERSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARIO DRAGHI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JONATHAN NELSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK HEISING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEANETTE LERMAN-NEUBAUER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID M RUBENSTEIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NARAYANA MURTHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DARVD F MARQUARDT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER SVENNILSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JORN RAUSING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANN-KRISTIN ACHLEITNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BERNARD HARCOURT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED HU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE SPEISER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULINE YU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARL P FEINBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WENDELL P WEEKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GIGLIOLA STAFFILANI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EVA MARDER | TRUSTEE (AS OF 5/23) Trustee or director | 1 | $0 | $0 |
| EWINE F VAN DISHOECK | TRUSTEE (THRU 5/23) Trustee or director | 1 | $0 | $0 |
| ROGER W FERGUSON JR | TRUSTEE (THRU 2/23) Trustee or director | 1 | $0 | $0 |
| AFSANEH BESCHLOSS | TRUSTEE (THRU 5/23) Trustee or director | 1 | $0 | $0 |
| ALEXANDRA DAY | ASSOCIATE DIRECTOR (AS OF 2/23) Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 EINSTEIN DR, PRINCETON, NJ 08540-4952
- In care of
- % JANINE PURCARO
- Principal officer (990 for 2024)
- DAVID NIRENBERG, 1 EINSTEIN DRIVE, PRINCETON, NJ 08540
- Signed the 990
- JANINE PURCARO, ASSOCIATE DIRECTOR FOR FINANCE
- Phone
- (609) 734-8000
- Website
- WWW.IAS.EDU
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. SEE SCHEDULE O.
Program accomplishments
- SCHOOL PROGRAMS: THE WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCE. SEE SCHEDULE O FOR FURTHER DETAILS.Expenses $59,354,350 · grants $14,381,965 · revenue $5,813,617
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 21-0634988
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1931
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U050)
- Assets (IRS master file)
- $1,459,827,352
- Income (IRS master file)
- $294,694,802
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $88,930,858 | $95,152,072 | $1,459,827,352 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $69,486,055 | $78,326,678 | $1,386,516,593 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $88,395,697 | $75,495,626 | $1,323,473,928 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $127,450,651 | $70,114,395 | $1,292,353,306 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 21-0634988).
Questions about INSTITUTE FOR ADVANCED STUDY
- What is the EIN of INSTITUTE FOR ADVANCED STUDY?
- The employer identification number (EIN) of INSTITUTE FOR ADVANCED STUDY is 21-0634988.
- Is INSTITUTE FOR ADVANCED STUDY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1931.
- Are donations to INSTITUTE FOR ADVANCED STUDY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR ADVANCED STUDY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR ADVANCED STUDY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR ADVANCED STUDY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INSTITUTE FOR ADVANCED STUDY?
- The 990 for the year ended June 30, 2025 names DAVID NIRENBERG.
- Who are the officers and directors of INSTITUTE FOR ADVANCED STUDY?
- The 990 for the year ended June 30, 2025 lists 33 people; 8 received compensation from the organization, the highest $930,138 (DAVID NIRENBERG, DIRECTOR/TRUSTEE).
- How much revenue does INSTITUTE FOR ADVANCED STUDY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $88,930,858, expenses of $95,152,072 and total assets of $1,459,827,352 at year end.
Other nonprofits in PRINCETON
- CLIMATE CENTRAL INC EIN 26-1797336 · last filed 990 for 2025
- TEXTILE RESEARCH INSTITUTE EIN 21-0647231 · last filed 990 for 2024
- APPRISE INCORPORATED EIN 45-0492689 · last filed 990 for 2024
- CENTRAL CARIBBEAN MARINE INSTITUTE INC EIN 22-3609293 · last filed 990 for 2024
- ASIAN AMERICAN ACADEMY OF SCIENCE AND ENGINEERING INC EIN 87-3839361 · last filed 990 for 2024
- CENTER FOR POWDER METALLURGY TECHNOLOGY EIN 22-2352264 · last filed 990 for 2024
- TAIWANESE AMERICAN ASSOCIATION OF PHARMACEUTICAL SCIENCES EIN 82-2287200 · last filed 990-N for 2025
- PRINCETON CHAPTER OF SIGMA XI THE SCIENTIFIC RESEARCH SOCIETY EIN 52-1908724 · last filed 990-N for 2024
All nonprofits in PRINCETON · New Jersey · Science and technology