Nonprofit · EIN 54-6063408
CFA INSTITUTE RESEARCH FOUNDATION
Tax-exempt · CHARLOTTESVLE, VA 22902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,529,556 | $841,442 | $688,114 | $23,038,972 | $171,572 | $22,867,400 |
| August 31, 2024 | 990 | $2,390,616 | $793,993 | $1,596,623 | $21,326,131 | $119,025 | $21,207,106 |
| August 31, 2023 | 990 | $902,437 | $620,419 | $282,018 | $19,036,392 | $86,794 | $18,949,598 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $303,026
- Program service revenue
- $1,896
- Investment income
- $1,223,951
- Royalties
- $683
- Net gain from sales of assets
- $637,117
- Other revenue
- $683
Expenses
- Grants and similar amounts paid
- $10,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $49,434
- Travel
- $42,646
- Program services (functional)
- $740,596
- Management and general (functional)
- $100,846
Balance sheet and other
- Total assets, start of year
- $21,326,131
- Total assets, end of year
- $23,038,972
- Total liabilities, end of year
- $171,572
- Net assets, end of year
- $22,867,400
- Publicly traded securities
- $22,852,940
- Net assets without donor restrictions
- $22,867,400
- Gross receipts
- $2,232,439
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1965
- State of legal domicile
- VA
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARGARET FRANKLIN | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $1,444,710 | $44,589 |
| KIMBALL E MAYNARD | TREASURER Officer | 2 | $0 | $246,134 | $49,461 |
| WALTER V HASLETT JR | EXEC. DIRECTOR/BOARD MEMBER (END 8/2023) Former | 0 | $125,000 | $0 | $0 |
| LYDIA OOGHE | SECRETARY Officer | 2 | $0 | $68,081 | $25,350 |
| AARON LOW | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFFREY BAILEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AARON BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVE UDUANU | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GIUSEPPE BALLOCCHI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE HILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KURT WINKLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOTTA MOBERG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PHILIP GRAHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN SPINNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARGARET FRANKLIN CFA | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $1,413,115 | $42,890 |
| WALTER V HASLETT JR CFA | EXEC. DIRECTOR/BOARD (END 8/2023) Former | 0 | $0 | $368,925 | $39,122 |
| KIMBALL E MAYNARD | TREASURER Officer | 2 | $0 | $236,416 | $37,425 |
| JESSICA LAWSON END 22024 | SECRETARY Officer | 2 | $0 | $74,265 | $22,615 |
| LYDIA OOGHE | SECRETARY Officer | 2 | $0 | $58,288 | $22,904 |
| PUNITA KUMAR-SINHA CFA | BOARD MEMBER Trustee or director | 1 | $0 | $8,295 | $0 |
| AARON LOW CFA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFFERY BAILEY CFA | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GIUSEPPE BALLOCCHI PHD CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AARON BROWN CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PHILIP GRAHAM CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE HILL PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOTTA MOBERG PHD CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN SPINNER CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVE UDUANU CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KURT WINKELMANN PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARGARET FRANKLIN CFA | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $1,258,421 | $47,171 |
| WALTER V HASLETT JR CFA | EXECUTIVE DIRECTOR/BOARD Trustee or director, Officer | 40 | $0 | $308,507 | $56,283 |
| KIMBALL E MAYNARD | TREASURER Officer | 2 | $0 | $233,166 | $39,083 |
| JESSICA LAWSON | SECRETARY Officer | 2 | $0 | $66,971 | $22,470 |
| AARON LOW CFA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOANNE HILL PHD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AMRA BALIC | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AARON BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATI ERIKSSON CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL FUNG PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HEINZ HOCKMANN PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KINGPAI KOOSAKULNIRUND CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PUNITA KUMAR-SINHA CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOTTA MOBERG PHD CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVE UDUANU CFA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KURT WINKELMANN PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 915 E HIGH ST, CHARLOTTESVLE, VA 22902-4868
- In care of
- % KIMBALL MAYNARD
- Principal officer (990 for 2024)
- PATRICIA ROTHSCHILD, 915 EAST HIGH ST, CHARLOTTESVILLE, VA 22902
- Signed the 990
- PATRICIA ROTHSCHILD, CFAI INTERIM PRES. & CEO & RF BOT
- Phone
- (434) 951-5499
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- MEMBER VALUE PROGRAMS: CFA INSTITUTE RESEARCH FOUNDATION SPONSORED, PUBLISHED, AND DISTRIBUTED RESEARCH THAT CONTRIBUTED TO THE GLOBAL BODY OF KNOWLEDGE THAT INVESTMENT PROFESSIONALS AROUND THE WORLD USE IN THEIR DAY-TO-DAY PRACTICE. THE FOUNDATION ALSO OFFERED COMPLIMENTARY ACCESS TO INVESTMENT INFORMATION SERVICES FOR INVESTMENT PROFESSIONALS, INCLUDING CFA INSTITUTE MEMBERS. OVER THE PAST YEAR, THE FOUNDATION PUBLISHED: I. FINANCIAL ENTREPRENEURSHIP II. OPTIMAL DESIGN OF LIFE-CYCLE FUNDS IN EMERGING MARKET COUNTRIES. III. A COMPREHENSIVE GUIDE TO ETFs (2ND EDITION) IV. DE-RISKING GLOBAL PENSION SYSTEMS V. MACROECONOMIC DRIVERS OF STOCKS AND BONDS VI. STOCKS FOR THE LONG RUN? NEW EVIDENCE, OLD DEBATESExpenses $740,271 · grants $10,000 · revenue $1,896
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 54-6063408
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1967
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B05)
- Assets (IRS master file)
- $23,038,972
- Income (IRS master file)
- $2,232,439
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $1,529,556 | $841,442 | $23,038,972 | XML |
| 990 | August 2024 | $2,390,616 | $793,993 | $21,326,131 | XML |
| 990 | August 2023 | $902,437 | $620,419 | $19,036,392 | XML |
| 990 | August 2022 | $3,613,196 | $585,333 | $17,781,846 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 54-6063408).
Questions about CFA INSTITUTE RESEARCH FOUNDATION
- What is the EIN of CFA INSTITUTE RESEARCH FOUNDATION?
- The employer identification number (EIN) of CFA INSTITUTE RESEARCH FOUNDATION is 54-6063408.
- Is CFA INSTITUTE RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to CFA INSTITUTE RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CFA INSTITUTE RESEARCH 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 CFA INSTITUTE RESEARCH FOUNDATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CFA INSTITUTE RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of CFA INSTITUTE RESEARCH FOUNDATION?
- The 990 for the year ended August 31, 2025 names PATRICIA ROTHSCHILD.
- Who are the officers and directors of CFA INSTITUTE RESEARCH FOUNDATION?
- The 990 for the year ended August 31, 2025 lists 14 people; 1 received compensation from the organization.
- How much revenue does CFA INSTITUTE RESEARCH FOUNDATION have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,529,556, expenses of $841,442 and total assets of $23,038,972 at year end.
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