Nonprofit · EIN 22-2848738
CORNELL UNIVERSITY FOUNDATION
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,921,987 | $22,507,832 | $5,414,155 | $198,346,615 | $96,750 | $198,249,865 |
| June 30, 2024 | 990 | $18,772,800 | $14,835,161 | $3,937,639 | $185,600,925 | $96,000 | $185,504,925 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,847,312
- Program service revenue
- $0
- Investment income
- $15,082,425
- Net gain from sales of assets
- $13,612,245
- Other revenue
- -$7,750
Expenses
- Grants and similar amounts paid
- $21,111,742
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $17,500
- Program services (functional)
- $21,111,742
- Management and general (functional)
- $1,396,090
Balance sheet and other
- Total assets, start of year
- $185,600,925
- Total assets, end of year
- $198,346,615
- Total liabilities, end of year
- $96,750
- Net assets, end of year
- $198,249,865
- Publicly traded securities
- $1,641,955
- Net assets without donor restrictions
- $198,249,865
- Gross receipts
- $38,741,825
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1986
- State of legal domicile
- NY
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TRACY CARY | TRUSTEE Trustee or director | 0.3 | $0 | $260,179 | $59,237 |
| CARINE HAILS | TRUSTEE Trustee or director | 0.3 | $0 | $201,589 | $54,197 |
| NELSON SCHAENEN JR | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID C COSTINE | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TRACY CARY | TRUSTEE Trustee or director | 0.3 | $0 | $245,754 | $51,894 |
| CARINE HAILS | TRUSTEE Trustee or director | 0.3 | $0 | $164,151 | $33,499 |
| NELSON SCHAENEN JR | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID C COSTINE | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 130 E SENECA ST STE 400, ITHACA, NY 14850-4378
- In care of
- % CORNELL UNIVERSITY TRUST OFFICE
- Principal officer (990 for 2024)
- CARINE HAILS, 130 EAST SENECA ST 400, ITHACA, NY 14850
- Signed the 990
- CARINE HAILS, TRUSTEE
- Phone
- (607) 254-1550
- Return prepared by
- INSERO ADVISORS LLC
Mission
THE CORNELL UNIVERSITY FOUNDATION IS A DONOR ADVISED FUND PROVIDING A SERVICE FOR CORNELL ALUMNI AND FRIENDS WHO WISH TO MAKE CHARITABLE GIFTS THROUGH THE STRUCTURE OF A DONOR-ADVISED FUND.
Program accomplishments
- THE ORGANIZATION PROVIDES ALLOCATIONS TO CORNELL UNIVERSITY AND OTHER CHARITABLE ORGANIZATIONS.Expenses $21,111,742 · grants $21,111,742
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
- 22-2848738
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43)
- Assets (IRS master file)
- $198,346,615
- Income (IRS master file)
- $38,741,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,921,987 | $22,507,832 | $198,346,615 | IRS |
| 990 | June 2024 | $18,772,800 | $14,835,161 | $185,600,925 | XML |
| 990 | June 2023 | $40,953,921 | $25,513,764 | $176,829,852 | IRS |
| 990 | June 2022 | $18,329,237 | $28,449,495 | $167,185,531 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 22-2848738).
Questions about CORNELL UNIVERSITY FOUNDATION
- What is the EIN of CORNELL UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of CORNELL UNIVERSITY FOUNDATION is 22-2848738.
- Is CORNELL UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to CORNELL UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CORNELL UNIVERSITY FOUNDATION 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 CORNELL UNIVERSITY FOUNDATION 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 CORNELL UNIVERSITY FOUNDATION 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 CORNELL UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names CARINE HAILS.
- Who are the officers and directors of CORNELL UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CORNELL UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,921,987, expenses of $22,507,832 and total assets of $198,346,615 at year end.
Other nonprofits in ITHACA
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- ITHACA COLLEGE EIN 15-0532204 · last filed 990 for 2025
- TOMPKINS COMMUNITY ACTION INC EIN 16-0910547 · last filed 990 for 2025
- STEVEN K AND WINIFRED A GRINSPOON HILLEL CENTER FOR JEWISH COMMUNITY EIN 87-3956853 · last filed 990 for 2025
- CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST EIN 83-2461822 · last filed 990 for 2025
- ALPHA LIGHT FUND INCORPORATED EIN 82-2440761 · last filed 990 for 2024
- ELIZABETH ANN CLUNE MONTESSORI SCHOOL OF ITHACA EIN 16-1132505 · last filed 990 for 2025
- NEW ROOTS CHARTER SCHOOL EIN 26-4183302 · last filed 990 for 2025