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Nonprofiteer
← THE GRADUATE CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by THE GRADUATE CENTER FOUNDATION INC.

Totals

Total revenue
$30,324,371
Total expenses
$8,938,350
Contributions and grants received
$28,797,956
Grants paid
$4,537,404
Program service revenue
$0
Investment income
$1,526,291
Other revenue
$124
Total assets, end of year
$143,554,891
Total liabilities, end of year
$1,440,615
Net assets or fund balances, end of year
$142,114,276
Program services expenses (Part IX)
$8,409,446
Management and general expenses
$341,295
Fundraising expenses
$187,609
Program service expenses (Part III)
$8,409,446

Program services were 94.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $115,929

  • 1f · All other contributions, gifts and grants

    $28,682,027

  • 3 · Investment income

    total $1,568,206 · excluded $1,568,206

  • 7a · Gross sales of assets other than inventory

    securities $5,771,359

  • 7b · Less cost or other basis and sales expenses

    securities $5,813,274

  • 7c · Gain or loss

    securities -$41,915

  • 7d · Net gain or loss

    total -$41,915 · excluded -$41,915

  • 11a · Other revenue: OTHER REVENUE

    total $124 · excluded $124

  • 11e · Other revenue, total

    $124

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,046 · program services $49,046

  • 2 · Grants to domestic individuals

    total $4,232,358 · program services $4,232,358

  • 3 · Grants to foreign organizations and individuals

    total $256,000 · program services $256,000

  • 7 · Other salaries and wages

    total $2,563,772 · program services $2,549,618 · fundraising $14,154

  • 11b · Fees: legal

    total $461 · program services $461

  • 11c · Fees: accounting

    total $30,497 · management and general $30,497

  • 11f · Fees: investment management

    total $220,302 · management and general $220,302

  • 11g · Fees: other

    total $469,836 · program services $430,735 · fundraising $39,101

  • 12 · Advertising and promotion

    total $23,244 · program services $23,244

  • 13 · Office expenses

    total $44,452 · program services $32,482 · fundraising $11,970

  • 14 · Information technology

    total $109,242 · program services $21,380 · fundraising $87,862

  • 17 · Travel

    total $327,796 · program services $317,647 · fundraising $10,149

  • 19 · Conferences, conventions and meetings

    total $360,866 · program services $345,214 · fundraising $15,652

  • 23 · Insurance

    total $21,000 · program services $2,983 · management and general $18,017

  • 24a · Other expenses: PRINTING AND PUBLICATIO

    total $75,024 · program services $71,282 · fundraising $3,742

  • 24b · Other expenses: BANK & CREDIT CARD PROC

    total $74,164 · program services $1,685 · management and general $72,479

  • 24c · Other expenses: SUPPLIES

    total $57,188 · program services $55,450 · fundraising $1,738

  • 24d · Other expenses: MISCELLANEOUS

    total $23,102 · program services $19,861 · fundraising $3,241

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,173,020 · end of year $3,182,605

  • 2 · Savings and temporary cash investments

    beginning of year $1,190,121 · end of year $2,903,146

  • 3 · Pledges and grants receivable

    beginning of year $52,580,558 · end of year $71,226,892

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,017,622 · end of year $4,563,066

  • 10a · Land, buildings and equipment: cost or other basis

    $61,754

  • 10b · Land, buildings and equipment: accumulated depreciation

    $61,754

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $50,525,030 · end of year $56,046,128

  • 12 · Investments: other securities

    beginning of year $4,036,031 · end of year $4,714,879

  • 15 · Other assets

    beginning of year $815,854 · end of year $918,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $694,858 · end of year $777,863

  • 24 · Unsecured notes and loans payable

    beginning of year $505,000

  • 25 · Other liabilities

    beginning of year $9,682 · end of year $662,752

  • 27 · Net assets without donor restrictions

    beginning of year $3,997,816 · end of year $5,085,332

  • 28 · Net assets with donor restrictions

    beginning of year $112,130,880 · end of year $137,028,944

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • SEE SCHEDULE O:THE GRADUATE CENTER FOUNDATION WAS ESTABLISHED IN 1983 AS AN INDEPENDENT NOT-FOR-PROFIT ENTITY THAT IS COMMITTED TO PROMOTING AND SAFEGUARDING THE SUCCESS OF THE GRADUATE CENTER. AS THE SOLE CHANNEL FOR CONTRIBUTIONS TO THE PROGRAMS, CENTERS AND INSTITUTIONS OF THE GRADUATE CENTER, THE FOUNDATION WORKS WITH THE PRESIDENT AND PROVOST OF THE GRADUATE CENTER ON INSTITUTIONAL PRIORITIES SUCH AS STUDENT HOUSING, CAREER PLANNING AND COLLABORATIVE RESEARCH, AND WITH PROGRAM LEADERS ON TARGETED SCHOLARSHIPS AND STIPENDS, TRAVEL AND CONFERENCE AID, AND COMMUNICATING TO AND FROM ALUMNI. THE FOUNDATION ALSO MANAGES AND INVESTS DONATIONS FOR USE BY THE GRADUATE CENTER.THE CUNY GRADUATE CENTER, A LEADER IN PUBLIC GRADUATE EDUCATION, IS COMMITTED TO DOCTORAL AND MASTER'S EDUCATION FOR THE PUBLIC GOOD. INNOVATIVE RESEARCH, RIGOROUS SCHOLARSHIP, AND COLLABORATIVE AND INTERDISCIPLINARY LEARNING DEFINE GRADUATE EDUCATION HERE, PREPARING STUDENTS WITH THE CREATIVE, PROBLEM-SOLVING EXPERTISE NECESSARY TO THRIVE IN AND BEYOND THE ACADEMIC EXPERIENCE.LOCATED IN THE HEART OF MANHATTAN AND SET WITHIN THE LARGE AND MULTI-CAMPUS CITY UNIVERSITY OF NEW YORK, THE GRADUATE CENTER FOSTERS ADVANCED GRADUATE EDUCATION, ORIGINAL RESEARCH AND SCHOLARSHIP, INNOVATIVE UNIVERSITY-WIDE PROGRAMS, AND VIBRANT PUBLIC EVENTS THAT DRAW UPON AND CONTRIBUTE TO THE COMPLEX COMMUNITIES OF NEW YORK CITY AND BEYOND.THROUGH A BROAD RANGE OF NATIONALLY PROMINENT DOCTORAL PROGRAMS, THE GRADUATE CENTER PREPARES STUDENTS TO BE SCHOLARS, TEACHERS, EXPERTS, AND LEADERS IN THE ACADEMY; IN THE ARTS; AND IN THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. COMMITTED TO CUNY'S HISTORIC MISSION OF EDUCATING THE CHILDREN OF "THE WHOLE PEOPLE," THE GRADUATE CENTER PROVIDES ACCESS TO GRADUATE EDUCATION FOR DIVERSE GROUPS OF HIGHLY TALENTED STUDENTS, INCLUDING THOSE WHO HAVE BEEN UNDERREPRESENTED IN HIGHER EDUCATION.THREE LARGEST PROGRAM SERVICE ACHIEVEMENTS FOR ARE:A. CUNY RECEIVED A $50 MILLION GRANT FROM THE SIMONS FOUNDATION. THE FUNDING ALLOWS CUNY TO CREATE A NEW MASTER'S DEGREE PROGRAM, HIRE NEW FACULTY, AND CREATE WORKFORCE OPPORTUNITIES FOR STUDENTS AND FACULTY AT THE NATION'S LARGEST AND MOST DIVERSE URBAN PUBLIC UNIVERSITY. THE PROGRAM, HOUSED AT THE CUNY GRADUATE CENTER, WILL STRENGTHEN THE UNIVERSITY'S RESEARCH AND INNOVATION CAPABILITIES AND WILL BUILD NEW CAREER PATHWAYS INTO THE ADVANCED COMPUTER INDUSTRY.B. THE CUNY GRADUATE CENTER RECEIVES A $10 MILLION GIFT FROM THE LEON LEVY FOUNDATION TO ENDOW THE LEON LEVY CENTER FOR BIOGRAPHY. THIS DONATION IS THE ONE OF LARGEST IN THE GRADUATE CENTER'S HISTORY AND BRINGS THE LEON LEVY FOUNDATION'S TOTAL GIVING TO THE GC TO $22.8 MILLION. ESTABLISHED WITH A GENEROUS GIFT FROM THE LEON LEVY FOUNDATION IN 2007, THE LEON LEVY CENTER FOR BIOGRAPHY AT THE CUNY GRADUATE CENTER SUPPORTS WORKING BIOGRAPHERS THROUGH ITS PRESTIGIOUS FELLOWSHIP PROGRAM AND CULTIVATES IMPORTANT DISCUSSIONS ABOUT THE ART AND CRAFT OF BIOGRAPHY THROUGH LECTURES AND EVENTS WITH ESTEEMED BIOGRAPHERS. IT ALSO SUPPORTS THE GRADUATE CENTER'S BIOGRAPHY AND MEMOIR MASTER'S PROGRAM.C. BASED AT THE CUNY GRADUATE CENTER, THE ANDREW MELLON FOUNDATION CONTINUES TO SUPPORT THE SOCIAL PRACTICE CUNY PROJECT. THROUGH A GRANT OF $600,000, THE SPCUNY PROJECT IS DESIGNED TO CREATE A NEW GENERATION OF CULTURAL LEADERS IN NYC WHO ARE DIVERSE AND COMMITTED TO BRINGING SOCIAL CHANGE THROUGH ART, DRAWING ON THE STRENGTHS OF INTERDISCIPLINARY MFA PROGRAMS. SPCUNY WORKS TO CONNECT STUDENTS AND FACULTY WORKING IN SOCIALLY ENGAGED ART ACROSS ALL OF THE CUNY CAMPUSES, WITH A FOCUS ON INTERDISCIPLINARY MFA PROGRAMS AT THE SENIOR CUNY COLLEGES.

    Expenses $8,409,446 · Grants $4,537,404

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Altfest

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hugo Barreca II PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • James Blanco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Helen Bodian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lin Bildner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Peter Darrow Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    5 + 6 related
  • Miles Gerstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Samantha Gilbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Myron Glucksman

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 6 related
  • Alice Goh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert Goldstein

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Hammel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brian Jones PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Craig Kaplan Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alan Klein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dwight Lee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joanna Migdal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Raymond Quinlan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert Raucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ellen Zentner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ellen Hives

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brian Peterson

    S.V.P. FOR FINANCE & ADMIN

    Total calculated
    $340,670
    From this org
    $0
    From related orgs
    $286,317
    Other
    $54,353
    Hours/week
    1 + 11 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,317 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,022 related
    Nontaxable benefits
    $0 + $31,331 related
    Filer's total
    $0 + $340,670 related
  • Wendy Demarco Fuentes

    V.P. FOR INST'L ADVANCEMEN

    Total calculated
    $254,430
    From this org
    $0
    From related orgs
    $213,126
    Other
    $41,304
    Hours/week
    35 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,126 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,075 related
    Nontaxable benefits
    $0 + $24,229 related
    Filer's total
    $0 + $254,430 related
  • Joshua Brumberg

    PRESIDENT, GRADUATE CENTER

    Total calculated
    $486,205
    From this org
    $0
    From related orgs
    $405,450
    Other
    $80,755
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $405,450 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,850 related
    Nontaxable benefits
    $0 + $35,905 related
    Filer's total
    $0 + $486,205 related
  • Steve Everett

    PROVOST, GRADUATE CENTER

    Total calculated
    $288,552
    From this org
    $0
    From related orgs
    $249,677
    Other
    $38,875
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,677 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,118 related
    Nontaxable benefits
    $0 + $18,757 related
    Filer's total
    $0 + $288,552 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • HUNTER COLLEGE

    $16,062

    NURSING PROGRAM

  • FH LAGUARDIA COMMUNITY COLLEGE

    $15,000

    INTEGRATE GRADUATE RESEARCH, UNDERGRADUATE TEACHING AND MENTORING, INSTRUCTIONAL DESIGN AND ISNTRUCTIONAL TECHNOLOGY

  • CUNY GRADUATE CENTER

    $6,416

    GRADUATE CENTER HUMANITIES CHAIR SUPPLEMENTS

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2026
IRS schema version
2024v5.5
Source object
202601259349303065

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