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Nonprofiteer
← CARNEGIE MELLON UNIVERSITY

Form 990 for tax year 2024

Filed by CARNEGIE MELLON UNIVERSITY.

Totals

Total revenue
$2,498,102,199
Total expenses
$1,896,700,767
Contributions and grants received
$690,456,548
Grants paid
$322,729,972
Program service revenue
$1,125,956,853
Investment income
$675,231,553
Other revenue
$6,457,245
Total assets, end of year
$7,636,209,610
Total liabilities, end of year
$1,319,953,603
Net assets or fund balances, end of year
$6,316,256,007
Program services expenses (Part IX)
$1,681,988,969
Management and general expenses
$180,803,548
Fundraising expenses
$33,908,250
Program service expenses (Part III)
$1,681,988,969

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • EDWARD J GREFENSTETTE

    TRUSTEE(PRES/CEO,DIETRICH FDN)

    Total calculated
    $3,594,546
    From this org
    $0
    From related orgs
    $2,098,335
    Other
    $1,496,211
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $880,955 related
    Bonus
    $0 + $1,000,000 related
    Other
    $0 + $217,380 related
    Deferred
    $0 + $1,466,486 related
    Nontaxable benefits
    $0 + $29,725 related
    Filer's total
    $0 + $3,594,546 related

  • FARNAM JAHANIAN

    PRESIDENT/EX-OFFICIO TRUSTEE

    Total calculated
    $3,155,276
    From this org
    $2,749,101
    From related orgs
    $25,000
    Other
    $381,175
    Hours/week
    50 + 3 related

    Schedule J breakdown matched by us

    Base
    $1,615,936 + $25,000 related
    Bonus
    $700,000
    Other
    $433,165
    Deferred
    $227,600
    Nontaxable benefits
    $153,575
    Filer's total
    $3,130,276 + $25,000 related

  • CHARLES A KENNEDY

    CHIEF INVESTMENT OFFICER

    Total calculated
    $2,243,253
    From this org
    $1,517,452
    From related orgs
    $0
    Other
    $725,801
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $543,517
    Bonus
    $924,797
    Other
    $49,138
    Deferred
    $689,754
    Nontaxable benefits
    $36,047
    Filer's total
    $2,243,253

  • MICHAEL TRICK

    DEAN, QATAR CAMPUS

    Total calculated
    $1,177,532
    From this org
    $1,077,086
    From related orgs
    $0
    Other
    $100,446
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $489,469
    Bonus
    $0
    Other
    $587,617
    Deferred
    $27,600
    Nontaxable benefits
    $72,846
    Filer's total
    $1,177,532

  • JAMES H GARRETT

    PROVOST & CAO

    Total calculated
    $961,085
    From this org
    $904,204
    From related orgs
    $0
    Other
    $56,881
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $742,323
    Bonus
    $100,000
    Other
    $61,881
    Deferred
    $27,600
    Nontaxable benefits
    $29,281
    Filer's total
    $961,085

  • THOMAS GOFF

    MAN. DIR,OPERATIONS-INV OFFICE

    Total calculated
    $914,766
    From this org
    $618,489
    From related orgs
    $0
    Other
    $296,277
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $287,811
    Bonus
    $302,481
    Other
    $28,197
    Deferred
    $266,172
    Nontaxable benefits
    $30,105
    Filer's total
    $914,766

  • MARY JO DIVELY

    VP/GEN. COUN & SEC. OF THE COR

    Total calculated
    $897,917
    From this org
    $840,612
    From related orgs
    $0
    Other
    $57,305
    Hours/week
    50 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $722,587
    Bonus
    $40,000
    Other
    $78,025
    Deferred
    $27,600
    Nontaxable benefits
    $29,705
    Filer's total
    $897,917

  • ISABELLE BAJEUX BESNAINOU

    PROF.& DEAN, TEPPER SCH.OF BUS

    Total calculated
    $795,522
    From this org
    $730,550
    From related orgs
    $0
    Other
    $64,972
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $682,481
    Bonus
    $0
    Other
    $48,069
    Deferred
    $33,741
    Nontaxable benefits
    $31,231
    Filer's total
    $795,522

  • KRZYSZTOF MATYJASZEWSKI

    JC WARNER UNIV. PROF. OF NAT.

    Total calculated
    $750,735
    From this org
    $697,562
    From related orgs
    $0
    Other
    $53,173
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $649,893
    Bonus
    $0
    Other
    $47,669
    Deferred
    $33,741
    Nontaxable benefits
    $19,432
    Filer's total
    $750,735

  • THERESA MAYER

    V.P. FOR RESEARCH

    Total calculated
    $738,579
    From this org
    $557,760
    From related orgs
    $0
    Other
    $180,819
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $493,675
    Bonus
    $17,500
    Other
    $46,585
    Deferred
    $27,600
    Nontaxable benefits
    $153,219
    Filer's total
    $738,579

  • PAUL D NIELSEN

    DIRECTOR & CEO, SEI

    Total calculated
    $735,699
    From this org
    $697,501
    From related orgs
    $0
    Other
    $38,198
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $651,070
    Bonus
    $0
    Other
    $46,431
    Deferred
    $27,600
    Nontaxable benefits
    $10,598
    Filer's total
    $735,699

  • MARTIAL HEBERT

    PROF. & DEAN, SCH OF COMP SCIE

    Total calculated
    $707,502
    From this org
    $640,602
    From related orgs
    $0
    Other
    $66,900
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $557,590
    Bonus
    $50,000
    Other
    $33,012
    Deferred
    $33,741
    Nontaxable benefits
    $33,159
    Filer's total
    $707,502

  • WILLIAM SANDERS

    PROF. & DEAN, COLLEGE OF ENGIN

    Total calculated
    $647,018
    From this org
    $605,612
    From related orgs
    $0
    Other
    $41,406
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $538,372
    Bonus
    $25,000
    Other
    $42,240
    Deferred
    $33,741
    Nontaxable benefits
    $7,665
    Filer's total
    $647,018

  • DARYL WEINERT

    VP FOR OPERATIONS

    Total calculated
    $608,589
    From this org
    $551,953
    From related orgs
    $0
    Other
    $56,636
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $503,249
    Bonus
    $25,000
    Other
    $23,704
    Deferred
    $27,600
    Nontaxable benefits
    $29,036
    Filer's total
    $608,589

  • SCOTT MORY

    FORMER OFFICER

    Total calculated
    $585,334
    From this org
    $528,809
    From related orgs
    $0
    Other
    $56,525
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $255,193
    Bonus
    $200,000
    Other
    $73,616
    Deferred
    $49,123
    Nontaxable benefits
    $7,402
    Filer's total
    $585,334

  • ANGELA BLANTON

    VP OF FINANCE & CFO

    Total calculated
    $583,759
    From this org
    $513,229
    From related orgs
    $0
    Other
    $70,530
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $459,471
    Bonus
    $17,500
    Other
    $36,258
    Deferred
    $27,600
    Nontaxable benefits
    $42,930
    Filer's total
    $583,759

  • STAN WADDELL

    VP FOR INFO TECH & CHIEF INFO

    Total calculated
    $564,576
    From this org
    $472,354
    From related orgs
    $0
    Other
    $92,222
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $408,960
    Bonus
    $17,500
    Other
    $45,894
    Deferred
    $27,600
    Nontaxable benefits
    $64,622
    Filer's total
    $564,576

  • GINA CASALEGNO

    VP FOR STUD AFF & DEAN OF STUD

    Total calculated
    $547,640
    From this org
    $455,159
    From related orgs
    $0
    Other
    $92,481
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $397,401
    Bonus
    $25,000
    Other
    $32,758
    Deferred
    $27,600
    Nontaxable benefits
    $64,881
    Filer's total
    $547,640

  • PAM EAGER

    INT VP UNIV ADV(EXITED 2/25)

    Total calculated
    $524,985
    From this org
    $463,522
    From related orgs
    $0
    Other
    $61,463
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $433,522
    Bonus
    $0
    Other
    $30,000
    Deferred
    $27,600
    Nontaxable benefits
    $33,863
    Filer's total
    $524,985

  • JONATHAN CAGAN

    FORMER KE/PROFESSOR

    Total calculated
    $480,538
    From this org
    $406,046
    From related orgs
    $0
    Other
    $74,492
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $342,395
    Bonus
    $0
    Other
    $63,651
    Deferred
    $27,600
    Nontaxable benefits
    $46,892
    Filer's total
    $480,538

  • LOWELL TAYLOR

    EX-OFFICIO TRUSTEE/PROFESSOR

    Total calculated
    $426,611
    From this org
    $369,631
    From related orgs
    $0
    Other
    $56,980
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $317,521
    Bonus
    $0
    Other
    $52,110
    Deferred
    $29,753
    Nontaxable benefits
    $27,227
    Filer's total
    $426,611

  • TOM MITCHELL

    FORMER KE/PROFESSOR

    Total calculated
    $411,503
    From this org
    $363,776
    From related orgs
    $0
    Other
    $47,727
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $336,833
    Bonus
    $0
    Other
    $26,943
    Deferred
    $27,018
    Nontaxable benefits
    $20,709
    Filer's total
    $411,503

  • CARRIE NELSON

    ASSISTANT TREASURER

    Total calculated
    $363,056
    From this org
    $314,659
    From related orgs
    $0
    Other
    $48,397
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $310,175
    Bonus
    $0
    Other
    $4,484
    Deferred
    $25,063
    Nontaxable benefits
    $23,334
    Filer's total
    $363,056

  • JOHN DOLAN

    TREASURER

    Total calculated
    $348,120
    From this org
    $296,271
    From related orgs
    $0
    Other
    $51,849
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $294,616
    Bonus
    $0
    Other
    $1,655
    Deferred
    $24,831
    Nontaxable benefits
    $27,018
    Filer's total
    $348,120

  • TYSEN KENDIG

    VP UNI COMM & MARK(AS OF 9/24)

    Total calculated
    $237,186
    From this org
    $192,591
    From related orgs
    $0
    Other
    $44,595
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,363
    Bonus
    $0
    Other
    $13,228
    Deferred
    $12,833
    Nontaxable benefits
    $31,762
    Filer's total
    $237,186

  • KATE LIPPERT

    ASSISTANT SEC. OF THE CORP.

    Total calculated
    $194,093
    From this org
    $152,033
    From related orgs
    $0
    Other
    $42,060
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $148,101
    Bonus
    $2,000
    Other
    $1,932
    Deferred
    $13,008
    Nontaxable benefits
    $29,052
    Filer's total
    $194,093

  • J MICHAEL MCQUADE

    VOTING TRUSTEE/COMP SERVICES

    Total calculated
    $34,800
    From this org
    $34,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8

  • JEANNE CUNICELLI

    VOTING TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1.15

  • DAVID COULTER

    CHAIR/VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    7.5

  • ANNE M MOLLOY

    VICE CHAIR/VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    2.4

  • JOEL P ADAMS

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1.25 + 1.25 related

  • LANE M BESS

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • RONALD BIANCHINI JR

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEITH BLOCK

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • DARRYL BRITT

    VOTING TRUSTEE (EXITED 8/24)

    Total calculated
    $0
    Hours/week
    1

  • FRANK BRUNCKHORST

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • GLORIA CHEN

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NATHALIE COWAN

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL CROCKETT

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • TED DECKER

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHRINIVAS V DEMPO

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0.13

  • FRANCISCO B D'SOUZA

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • HOWARD L ELLIN

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • CHARLES EVANS

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • EDWARD H FRANK

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • YOSHIAKI FUJIMORI

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.1 related

  • MAYOR ED GAINEY

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    0.08

  • ERIC GILER

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • AJEI GOPAL

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0.67 + 0.67 related

  • THOMAS HEALY

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • LARRY E JENNINGS JR

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATHERINE KOHATSU

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    0.96 + 1 related

  • DANIEL LAVELLE

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JOANNA LOVERING

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • BRIAN OLSAVSKY

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHALINI RAY

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0.97 + 0.77 related

  • KRISTIEANNE REED

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SAM REIMAN

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEWELL RHODES

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75

  • MANOJ P SINGH

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LUKE SKURMAN

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LIP-BU TAN

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID A TEPPER

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • THOMAS TULL

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • TAMARA TUNIE

    VOTING TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • DAVID BENNETT

    VP FOR UNIV ADV (AS OF 2/25)

    Total calculated
    $0
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A:
ALL ITEMS CHECKED IN LINE 1A ARE PROVIDED TO OR FOR A PERSON LISTED IN FORM 990, PART VII TO FURTHER THE BUSINESS, EDUCATIONAL, AND RESEARCH MISSION OF THE UNIVERSITY PURSUANT TO FEDERAL TAX REGULATIONS, IRS ACCOUNTABLE PLAN RULES, AND THE UNIVERSITY'S POLICIES AND PROCEDURES, NONTAXABLE BENEFITS DISCLOSED IN COLUMN D INCLUDE, FOR EXAMPLE, CONTRIBUTIONS TO EMPLOYER HEALTH AND WELFARE PLANS AND QUALIFIED TUITION BENEFITS.
PART I, LINE 4B:
FARNAM JAHANIAN PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN, BUT DID NOT RECEIVE A DISTRIBUTION.
PART I, LINE 7:
ALL BONUSES PAID WERE AWARDED AS A RESULT OF PERFORMANCE AND WERE APPROVED BY THE COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CM SPE LLC

    LEASEHOLDER · PA · income $0 · assets $210,213

    Directly controlled by CMU

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IRREVOCABLE ESTATE (1)

    TRUST · TRUST · FL · 100% owned · share of income $0 · share of assets $446,772

    Directly controlled by NA

  • PERPETUAL TRUST (5)

    TRUST · TRUST · PA · 100% owned · share of income $0 · share of assets $4,508,382

    Directly controlled by NA

  • REVOCABLE TRUST (1)

    TRUST · TRUST · PA · 100% owned · share of income $268,766 · share of assets $26,069,656

    Directly controlled by NA

  • CHARITABLE LEAD TRUST (1)

    TRUST · TRUST · PA · 100% owned · share of income $0 · share of assets $31,210

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.2
Source object
202601349349302900

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