Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,702,938

• 1f · All other contributions, gifts and grants

  $59,335,882

• 1g · Noncash contributions included above

  $4,183,072

• 2a · Program service revenue: TUITION & FEES

  total $258,058,248 · related or exempt $258,058,248

• 2b · Program service revenue: RESIDENCE HALLS & DINI

  total $48,323,605 · related or exempt $48,323,605

• 2c · Program service revenue: GOLF COURSE

  total $1,144,731 · unrelated business $1,144,731

• 2d · Program service revenue: RELATED AUXILIARY SVCS

  total $756,308 · related or exempt $756,308

• 2e · Program service revenue: SUMMER CONFERENCES

  total $518,453 · unrelated business $518,453

• 3 · Investment income

  total $18,314,139 · unrelated business $1,457,839 · excluded $16,856,300

• 6a · Gross rents

  real property $1

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1

• 6d · Net rental income or loss

  total $1 · excluded $1

• 7a · Gross sales of assets other than inventory

  securities $579,546,000

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

  securities $560,958,000

• 7c · Gain or loss

  securities $18,588,000

• 7d · Net gain or loss

  total $18,588,000 · excluded $18,588,000

• 11a · Other revenue: OPERATIONS REVENUE

  total $5,700,889 · related or exempt $5,700,889

• 11b · Other revenue: ATHLETICS RELATED REVE

  total $3,988,019 · related or exempt $3,988,019

• 11c · Other revenue: SPONSORSHIP/ADVERTISIN

  total $215,500 · unrelated business $215,500

• 11d · All other revenue

  total $46,707 · related or exempt $46,707

• 11e · Other revenue, total

  $9,951,115

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $234,846 · program services $234,846

• 2 · Grants to domestic individuals

  total $82,500,133 · program services $82,500,133

• 3 · Grants to foreign organizations and individuals

  total $14,598,889 · program services $14,598,889

• 5 · Compensation of officers, directors and key employees

  total $9,370,293 · program services $4,224,543 · management and general $5,145,750

• 6 · Compensation of disqualified persons

  total $2,775,555 · program services $1,794,938 · management and general $268,444 · fundraising $712,173

• 7 · Other salaries and wages

  total $127,139,117 · program services $106,069,930 · management and general $13,692,075 · fundraising $7,377,112

• 8 · Pension plan contributions

  total $10,562,685 · program services $8,759,250 · management and general $1,202,360 · fundraising $601,075

• 9 · Other employee benefits

  total $29,995,421 · program services $24,173,504 · management and general $3,736,914 · fundraising $2,085,003

• 10 · Payroll taxes

  total $9,117,564 · program services $7,361,184 · management and general $1,226,665 · fundraising $529,715

• 11b · Fees: legal

  total $558,464 · program services $93,698 · management and general $458,591 · fundraising $6,175

• 11c · Fees: accounting

  total $328,815 · management and general $328,815

• 11d · Fees: lobbying

  total $7,403 · program services $7,403

• 11e · Fees: professional fundraising services

  total $434,823 · fundraising $434,823

• 11f · Fees: investment management

  total $11,768,135 · management and general $11,768,135

• 11g · Fees: other

  total $29,588,264 · program services $25,186,895 · management and general $3,658,349 · fundraising $743,020

• 12 · Advertising and promotion

  total $317,047 · program services $181,238 · management and general $134,978 · fundraising $831

• 13 · Office expenses

  total $11,358,959 · program services $10,729,918 · management and general $249,613 · fundraising $379,428

• 14 · Information technology

  total $6,507,363 · program services $5,098,177 · management and general $654,532 · fundraising $754,654

• 16 · Occupancy

  total $2,261,355 · program services $1,834,382 · management and general $25,926 · fundraising $401,047

• 17 · Travel

  total $9,211,157 · program services $7,904,322 · management and general $415,294 · fundraising $891,541

• 20 · Interest

  total $5,568,164 · program services $3,629,520 · management and general $1,938,644

• 22 · Depreciation, depletion and amortization

  total $28,484,965 · program services $27,920,432 · management and general $564,533

• 23 · Insurance

  total $2,911,789 · program services $2,763,435 · management and general $148,354

• 24a · Other expenses: REPAIR AND MAINTENANCE

  total $14,529,554 · program services $13,435,597 · management and general $858,862 · fundraising $235,095

• 24b · Other expenses: MISCELLANEOUS

  total $3,044,134 · program services $288,629 · management and general $2,083,512 · fundraising $671,993

• 24c · Other expenses: UTILITIES & FUEL

  total $788,115 · program services $729,291 · fundraising $58,824

• 24d · Other expenses: REAL ESTATE TAXES

  total $320,219 · program services $177,353 · management and general $133,534 · fundraising $9,332

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $30,084,430 · end of year $36,008,615

• 2 · Savings and temporary cash investments

  beginning of year $22,391,487 · end of year $12,754,746

• 3 · Pledges and grants receivable

  beginning of year $20,792,358 · end of year $24,305,432

• 4 · Accounts receivable

  beginning of year $3,951,021 · end of year $2,566,447

• 7 · Other notes and loans receivable

  beginning of year $25,505,925 · end of year $26,103,376

• 8 · Inventories for sale or use

  beginning of year $245,138 · end of year $333,217

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,278,720 · end of year $7,199,482

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

  $957,249,425

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

  $488,718,924

• 10c · Land, buildings and equipment, net

  beginning of year $451,215,223 · end of year $468,530,501

• 11 · Investments: publicly traded securities

  beginning of year $231,741,364 · end of year $299,376,912

• 12 · Investments: other securities

  beginning of year $964,395,910 · end of year $1,002,084,600

• 13 · Investments: program-related

  beginning of year -$12,178,083 · end of year -$13,334,380

• 17 · Accounts payable and accrued expenses

  beginning of year $117,020,524 · end of year $114,598,465

• 19 · Deferred revenue

  beginning of year $3,654,247 · end of year $6,247,205

• 20 · Tax-exempt bond liabilities

  beginning of year $155,973,459 · end of year $163,416,720

• 24 · Unsecured notes and loans payable

  beginning of year $433,867 · end of year $390,531

• 25 · Other liabilities

  beginning of year $4,822,943 · end of year $5,012,041

• 27 · Net assets without donor restrictions

  beginning of year $619,465,901 · end of year $652,409,038

• 28 · Net assets with donor restrictions

  beginning of year $843,052,552 · end of year $923,854,948

The filer's explanations (Part III)

PART 1, LINE 1A - RELEVANT INFORMATION REGARDING COMPENSATION BENEFITS

FIRST CLASS OR CHARTER TRAVEL - THE PRESIDENT IS PERMITTED TO TRAVEL BY FIRST CLASS AIRFARE IN LIMITED CIRCUMSTANCES PER UNIVERSITY POLICY. FIRST CLASS TRAVEL COSTS ARE NOT CONSIDERED TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS - TRAVEL COSTS OF COMPANIONS OF UNIVERSITY TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REIMBURSED IN LIMITED CIRCUMSTANCES AND SUCH REIMBURSEMENT IS CONSIDERED TAXABLE INCOME TO THE TRUSTEE, OFFICER, OR KEY EMPLOYEE UNLESS THE COMPANION'S TRAVEL WOULD OTHERWISE BE CONSIDERED DEDUCTIBLE UNDER THE INTERNAL REVENUE CODE. ANY SUCH TAXABLE REIMBURSEMENTS TO COMPANIONS OF UNIVERSITY OFFICERS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). 2 OFFICERS/KEY-EMPLOYEES RECEIVED THIS BENEFIT DURING THE CURRENT TAX YEAR. TAX INDEMNIFICATION & GROSS UP PAYMENTS - TAX GROSS-UP PAYMENTS, CONSIDERED TAXABLE COMPENSATION, WERE PROVIDED TO 7 OFFICERS AND/OR KEY EMPLOYEES LISTED IN PART II OF SCHEDULE J FOR YEARS OF SERVICE RECOGNITION AWARDS/GIFTS AND/OR SPECIAL PROJECT AWARDS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE UNIVERSITY REQUIRES THE PRESIDENT AND PROVOST TO RESIDE IN SPECIFIC CAMPUS HOUSING. THE ESTIMATED FAIR RENTAL VALUE OF THE PERSONAL LIVING SPACE, INCLUDING UTILITIES, IS NOT CONSIDERED TAXABLE INCOME SINCE ON-CAMPUS RESIDENCY IS AN EMPLOYMENT REQUIREMENT IMPOSED BY THE UNIVERSITY. THE ESTIMATED FAIR VALUE IS INCLUDED IN SCHEDULE J. IN ADDITION, CERTAIN FACILITIES STAFF ARE RESPONSIBLE FOR THE MAINTENANCE OF THOSE BUILDINGS AND GROUNDS; WHILE OTHER STAFF ARE RESPONSIBLE FOR VARIOUS ACTIVITIES AND MEETINGS HOSTED AT THOSE PROPERTIES. NEITHER THE ALLOCABLE COSTS OF THOSE STAFF NOR INCIDENTAL PERSONAL BENEFIT OF HOSTED ACTIVITIES/MEETINGS ARE CONSIDERED TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - CERTAIN EMPLOYEES HAVE GOLF MEMBERSHIPS AT THE UNIVERSITY OWNED GOLF COURSE. THE VALUE OF THESE DUES ARE TAXED AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III). IN ADDITION, THE UNIVERSITY PAYS MEMBERSHIP DUES AT CERTAIN PRIVATE ESTABLISHMENTS FOR THE PURPOSE OF HOLDING BUSINESS OR FUNDRAISING EVENTS. PERSONAL SERVICES - THE UNIVERSITY PAYS FOR CERTAIN PERSONAL FINANCIAL PLANNING FOR THE PRESIDENT AND INCLUDES THOSE AMOUNTS AS TAXABLE COMPENSATION.

PART I, LINE 4 - RECEIVED SEVERANCE, SUPPLEMENTAL NQ RETIREMENT, EQUITY-BAS

DEFERRED COMPENSATION (SCHEDULE J, COLUMN C) FOR JOHN C. BRAVMAN INCLUDES $100,000 OF 457(F) AMOUNTS EARNED IN CALENDAR YEAR 2024 BUT NOT YET VESTED.

COMPENSATION FROM UNRELATED ORGANIZATIONS

A SEPARATION AGREEMENT FOR OFFICER OCCURRED IN APRIL 2025. PAYMENTS OCCURRED IN AND WILL BE REPORTED ON THE 2025 FORM 990.

Related corporations and trusts

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

• BISON VENTURES INC

  C · BOOKSTORE OPERATIONS · PA · 100% owned · share of income -$412,301 · share of assets -$2,895,179 · controlled entity

  Directly controlled by BUCKNELL UNIVERSITY

• CHARITABLE REMAIND TRUSTS (36)

  T · SUPPORT BUCKNELL UNIVERSITY · PA

• CHARITABLE LEAD TRUSTS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · PA

• POOLED INCOME FUNDS (3)

  T · SUPPORT BUCKNELL UNIVERSITY · PA

• FUNDS HELD TRUST BY OTHERS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · CO

• FUNDS HELD TRUST BY OTHERS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · DE

• FUNDS HELD TRUST BY OTHERS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · NY

• FUNDS HELD TRUST BY OTHERS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · MI

• FUNDS HELD TRUST BY OTHERS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · PA

• FUNDS HELD TRUST BY OTHERS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · MN

• FUNDS HELD TRUST BY OTHERS (1)

  T · SUPPORT BUCKNELL UNIVERSITY · KS