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 AltfestKAREN ALTFEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hugo Barreca II PhDHUGO BARRECA II PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James BlancoJAMES BLANCO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Helen BodianHELEN BODIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lin BildnerLIN BILDNER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Peter Darrow EsqPETER DARROW ESQ
CHAIR
- Total calculated
- $0
- Hours/week
- 5 + 6 related
-
Miles GersteinMILES GERSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Samantha GilbertSAMANTHA GILBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Myron GlucksmanMYRON GLUCKSMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 6 related
-
Alice GohALICE GOH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert GoldsteinROBERT GOLDSTEIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth HammelELIZABETH HAMMEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian Jones PhDBRIAN JONES PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Craig Kaplan EsqCRAIG KAPLAN ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan KleinALAN KLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dwight LeeDWIGHT LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joanna MigdalJOANNA MIGDAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Raymond QuinlanRAYMOND QUINLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert RaucciROBERT RAUCCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ellen ZentnerELLEN ZENTNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ellen HivesELLEN HIVES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian PetersonBRIAN 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 FuentesWENDY 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 BrumbergJOSHUA 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 EverettSTEVE 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.
-
GRADUATE CENTER FOUNDATION HOUSING CORPORATION
501(C)(3) · CREATE AFFORDABLE HOUSING FOR STUDENTS & FACULTY OF THE GRADUATE CENTER · NY · controlled entity
Directly controlled by THE GRADUATE CENTER FOUNDATION INC
-
GRADUATE CENTER FOUNDATION HOUSING CORPORATION LIC
501(C)(3) · CREATE AFFORDABLE HOUSING FOR STUDENTS & FACULTY OF THE GRADUATE CENTER · NY · controlled entity
Directly controlled by THE GRADUATE CENTER FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601259349303065
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