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Nonprofiteer
← VANDERBILT UNIVERSITY

Form 990 for tax year 2024

Filed by VANDERBILT UNIVERSITY.

Totals

Total revenue
$2,818,556,976
Total expenses
$2,400,025,861
Contributions and grants received
$494,671,806
Grants paid
$569,225,782
Program service revenue
$1,529,734,239
Investment income
$751,299,590
Other revenue
$42,851,341
Total assets, end of year
$14,819,492,400
Total liabilities, end of year
$3,639,041,938
Net assets or fund balances, end of year
$11,180,450,462
Program services expenses (Part IX)
$1,892,525,315
Management and general expenses
$452,894,743
Fundraising expenses
$54,605,803
Program service expenses (Part III)
$1,892,525,315

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Daniel Diermeier

    See Schedule O

    Total calculated
    $3,416,810
    From this org
    $3,020,799
    From related orgs
    $0
    Other
    $396,011
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,615,362
    Bonus
    $1,083,200
    Other
    $322,237
    Deferred
    $371,501
    Nontaxable benefits
    $24,510
    Filer's total
    $3,416,810

  • Adena Friedman

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Adolpho A Birch III

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Alexander C Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Andrew Hoine

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Anu Pardeshi

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce R Evans

    Chairman

    Total calculated
    $0
    Hours/week
    6

  • Cindy Kent

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Conner Searcy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Corey E Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cynthia J Warner

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David Ingram

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • George Huber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg S Allen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ike Lawrence Epstein

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey J Rothschild

    Vice-Chairman

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Frist

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Arnold

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jon Winkelried

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Justin Ishbia

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kathleen E Justice-Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kito K Huggins

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lamar Alexander

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Makeba Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark P Mays

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mark Wilf

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nina Kohler

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nora W Tyson

    Vice-Chariman

    Total calculated
    $0
    Hours/week
    3

  • Peter Marshall

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Levy

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Sean Connolly

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Shaiza Rizavi

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Steven H Madden Sr

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Suzanne Perot McGee

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • W Douglas Parker

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Anders W Hall

    See Schedule O

    Total calculated
    $8,427,395
    From this org
    $5,747,977
    From related orgs
    $0
    Other
    $2,679,418
    Hours/week
    50 + 4.1 related

    Schedule J breakdown matched by us

    Base
    $1,081,252
    Bonus
    $2,530,491
    Other
    $2,136,234
    Deferred
    $2,625,958
    Nontaxable benefits
    $53,460
    Filer's total
    $8,427,395

  • Brett C Sweet

    See Schedule O

    Total calculated
    $2,015,539
    From this org
    $1,680,346
    From related orgs
    $0
    Other
    $335,193
    Hours/week
    50 + 14 related

    Schedule J breakdown matched by us

    Base
    $1,283,574
    Bonus
    $370,665
    Other
    $26,107
    Deferred
    $290,390
    Nontaxable benefits
    $44,803
    Filer's total
    $2,015,539

  • C Cybele Raver

    See Schedule O

    Total calculated
    $1,182,896
    From this org
    $1,137,840
    From related orgs
    $0
    Other
    $45,056
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $861,865
    Bonus
    $249,291
    Other
    $26,684
    Deferred
    $20,390
    Nontaxable benefits
    $24,666
    Filer's total
    $1,182,896

  • Candice S Lee

    See Schedule O

    Total calculated
    $1,396,932
    From this org
    $1,301,396
    From related orgs
    $0
    Other
    $95,536
    Hours/week
    50 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $1,203,476
    Bonus
    $93,000
    Other
    $4,920
    Deferred
    $70,390
    Nontaxable benefits
    $25,146
    Filer's total
    $1,396,932

  • Darren Reisberg

    See Schedule O

    Total calculated
    $570,123
    From this org
    $525,209
    From related orgs
    $0
    Other
    $44,914
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $464,036
    Bonus
    $0
    Other
    $61,173
    Deferred
    $20,390
    Nontaxable benefits
    $24,524
    Filer's total
    $570,123

  • Eric C Kopstain

    See Schedule O

    Total calculated
    $874,559
    From this org
    $768,143
    From related orgs
    $0
    Other
    $106,416
    Hours/week
    50 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $612,649
    Bonus
    $130,052
    Other
    $25,442
    Deferred
    $90,390
    Nontaxable benefits
    $16,026
    Filer's total
    $874,559

  • John M Lutz

    See Schedule O

    Total calculated
    $1,260,565
    From this org
    $1,223,845
    From related orgs
    $0
    Other
    $36,720
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $979,064
    Bonus
    $218,097
    Other
    $26,684
    Deferred
    $20,390
    Nontaxable benefits
    $16,330
    Filer's total
    $1,260,565

  • Nathan Green

    See Schedule O

    Total calculated
    $606,972
    From this org
    $524,512
    From related orgs
    $0
    Other
    $82,460
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $405,232
    Bonus
    $116,819
    Other
    $2,461
    Deferred
    $13,565
    Nontaxable benefits
    $68,895
    Filer's total
    $606,972

  • Ruby Shellaway

    See Schedule O

    Total calculated
    $992,408
    From this org
    $929,921
    From related orgs
    $0
    Other
    $62,487
    Hours/week
    50 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $701,247
    Bonus
    $207,034
    Other
    $21,640
    Deferred
    $20,390
    Nontaxable benefits
    $42,097
    Filer's total
    $992,408

  • Steve Ertel

    See Schedule O

    Total calculated
    $580,493
    From this org
    $479,834
    From related orgs
    $0
    Other
    $100,659
    Hours/week
    50 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $385,550
    Bonus
    $93,537
    Other
    $747
    Deferred
    $45,390
    Nontaxable benefits
    $55,269
    Filer's total
    $580,493

  • Sydney Savion

    See Schedule O

    Total calculated
    $789,432
    From this org
    $754,023
    From related orgs
    $0
    Other
    $35,409
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $525,027
    Bonus
    $214,813
    Other
    $14,183
    Deferred
    $20,390
    Nontaxable benefits
    $15,019
    Filer's total
    $789,432

  • John Kuriyan

    See Schedule O

    Total calculated
    $861,462
    From this org
    $809,365
    From related orgs
    $0
    Other
    $52,097
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $777,186
    Bonus
    $18,000
    Other
    $14,179
    Deferred
    $20,390
    Nontaxable benefits
    $31,707
    Filer's total
    $861,462

  • Timothy P McNamara

    See Schedule O

    Total calculated
    $840,461
    From this org
    $796,737
    From related orgs
    $0
    Other
    $43,724
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $649,155
    Bonus
    $110,000
    Other
    $37,582
    Deferred
    $20,390
    Nontaxable benefits
    $23,334
    Filer's total
    $840,461

  • Clark Lea

    See Schedule O

    Total calculated
    $4,354,357
    From this org
    $4,302,829
    From related orgs
    $0
    Other
    $51,528
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $4,082,289
    Bonus
    $194,000
    Other
    $26,540
    Deferred
    $20,390
    Nontaxable benefits
    $31,138
    Filer's total
    $4,354,357

  • Douglas Christiansen

    See Schedule O

    Total calculated
    $1,510,028
    From this org
    $1,406,800
    From related orgs
    $0
    Other
    $103,228
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $767,395
    Bonus
    $125,076
    Other
    $514,329
    Deferred
    $78,082
    Nontaxable benefits
    $25,146
    Filer's total
    $1,510,028

  • Jerry Stackhouse

    See Schedule O

    Total calculated
    $4,788,385
    From this org
    $4,779,501
    From related orgs
    $0
    Other
    $8,884
    Hours/week
    16.7

    Schedule J breakdown matched by us

    Base
    $1,223,740
    Bonus
    $60,000
    Other
    $3,495,761
    Deferred
    $8,122
    Nontaxable benefits
    $762
    Filer's total
    $4,788,385

  • Mark Byington

    See Schedule O

    Total calculated
    $2,710,329
    From this org
    $2,600,247
    From related orgs
    $0
    Other
    $110,082
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $2,477,196
    Bonus
    $100,000
    Other
    $23,051
    Deferred
    $92,179
    Nontaxable benefits
    $17,903
    Filer's total
    $2,710,329

  • Timothy C Corbin

    See Schedule O

    Total calculated
    $2,047,379
    From this org
    $1,742,426
    From related orgs
    $0
    Other
    $304,953
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,632,416
    Bonus
    $105,500
    Other
    $4,510
    Deferred
    $282,531
    Nontaxable benefits
    $22,422
    Filer's total
    $2,047,379

  • Andre L Churchwell

    See Schedule O

    Total calculated
    $725,816
    From this org
    $680,466
    From related orgs
    $0
    Other
    $45,350
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $644,130
    Bonus
    $32,010
    Other
    $4,326
    Deferred
    $20,390
    Nontaxable benefits
    $24,960
    Filer's total
    $725,816

  • John Geer

    See Schedule O

    Total calculated
    $786,661
    From this org
    $735,475
    From related orgs
    $0
    Other
    $51,186
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $697,632
    Bonus
    $0
    Other
    $37,843
    Deferred
    $20,390
    Nontaxable benefits
    $30,796
    Filer's total
    $786,661

  • Lawrence J Marnett

    See Schedule O

    Total calculated
    $632,574
    From this org
    $588,179
    From related orgs
    $0
    Other
    $44,395
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $552,238
    Bonus
    $0
    Other
    $35,941
    Deferred
    $20,390
    Nontaxable benefits
    $24,005
    Filer's total
    $632,574

  • Nicholas S Zeppos

    See Schedule O

    Total calculated
    $223,542
    From this org
    $223,542
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $223,542
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $223,542

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 · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
Vanderbilt excludes first-class and charter travel from taxable income when a documented business purpose is served. First-class or charter travel - Travelers should fly via commercial airline and work to obtain the lowest fare possible. Business class or first class seating may only be used if the traveler's Vice Chancellor provides approval in writing in advance. This approval is only provided for limited circumstances as provided in Vanderbilt's Travel and Business Expense Policy. In cases where it is not possible to fly commercial due to scheduling commitments, and the travel is of the highest importance, travelers may request that the Chancellor approve a charter flight. After weighing the benefits of the trip against the cost of the charter, the chancellor may approve a charter flight. The Board of Trust has approved first class and charter travel for the Chancellor when necessitated by his schedule. Per Vanderbilt's athletics travel policy, the Vice Chancellor for University Affairs and Athletics can approve non-student travel on team charter flights, when there are extra seats, without requiring reimbursement to the university since the charter fee is not determined by the number of actual passengers. 6 officers, 5 highest compensated employees, and 1 key employee were provided first-class or charter travel that was not included in taxable compensation.
Schedule J, Part I, Line 1a Travel for companions
3 highest compensated employees and 1 officer were provided companion travel that was not included in taxable compensation because a business purpose existed for the companions' travel. 1 officer was provided travel for their companion that was included in taxable compensation.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
10 officers, 2 key employees and 1 highest compensated employee were provided tax indemnification and gross-up payments that was included in taxable compensation.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
2 officers and 1 highest compensated employee were provided a housing allowance that was included in taxable compensation.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
1 highest compensated employee was provided health or social club dues or initiation fees that was included in taxable compensation.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Certain Individuals Listed in Form 990, Schedule J, Part II received a severance payment in connection to their termination of status as an officer or employee. 1 payout was made under a severance agreement: Jerry Stackhouse: $3,460,000
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Certain individuals listed in Form 990. Schedule J, Part II, participate in nonqualified deferred compensation plans. Amounts contributed to the plans include fixed %s of annual bonus payments, and fixed dollar amounts. Contributions to the plan vest when individuals complete their contract term or continue employment to a designated date. Current year accruals of compensation associated with these plans are included in the amounts reported for such individuals in Schedule J, Part II, Column (C). The payout of these amounts in future years will be included in the amounts reported in Schedule J, Part II, Column (B)(iii), and will also be reported in Schedule J, Part II, Column (F). Three payouts were made under these plans to participating individuals in calendar year 2024. Anders Hall: $2,114,182 Darren Reisberg: $30,000 Douglas Christiansen: $500,000
Schedule J, Part I, Line 7 Non-fixed payments
Certain individuals listed in Schedule J, Part II received variable incentive compensation based on the achievement of pre-established goals, where judgement was determined either by the Board of Trust or the Chancellor. Incentive payments are shown in Schedule J, Part II, Column B(ii).
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception
Certain individuals are, from time to time, serving under the provisions of their initial contract to serve as officers of the university, which principally establishes their compensation, responsibilities and duties.

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.

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.

  • Commodore Scottish Patron II LP

    C Corporation · Investment · AE · share of income -$166,295 · share of assets $4,285,484 · controlled entity

    Directly controlled by VU

  • Elliston Partners

    C Corporation · Investment · CJ · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by VU

  • Emergent Pro Alia Fund Sub Fund Emergent African Land Fund

    C Corporation · Investment · LU · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by VU

  • Pacific Harbor Special Holdings Ltd

    C Corporation · Investment · VI · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by VU

  • Vanderbilt Legends Club Inc

    C Corporation · Golf Club · TN · share of income $11,529,897 · share of assets $37,888,638 · controlled entity

    Directly controlled by VU

  • Waratah Fund Ltd

    C Corporation · Investment · BD · share of income $4,805,589 · share of assets $17,422,626 · controlled entity

    Directly controlled by VU

  • Charitable Remainder Trust (85)

    Trust · Charitable Trust · TN · controlled entity

    Directly controlled by VU

  • Charitable Lead Trusts (1)

    Trust · Charitable Trust · TN · controlled entity

    Directly controlled by VU

  • Perpetual Trusts (5)

    Trust · Charitable Trust · TN · controlled entity

    Directly controlled by VU

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202621319349302052

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