Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 07-01-2024 , and ending 06-30-2025
BCheck if applicable:
CName of organization
Yale University
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
PO Box 208239
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New Haven, CT065208239
D Employer identification number

06-0646973
E Telephone number

G Gross receipts $ 23,383,390,848
F Name and address of principal officer:
Maurie McInnis
PO Box 208229
New Haven,CT065208229
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
www.yale.edu
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1701
M State of legal domicile: CT
Part I
Summary
Activities  & Governance 1 Briefly describe the organization’s mission or most significant activities: TO IMPROVE THE WORLD THROUGH RESEARCH, SCHOLARSHIP, EDUCATION, PRESERVATION, AND PRACTICE.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 17
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 16
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 35,714
6 Total number of volunteers (estimate if necessary) ............. 6 15,000
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 29,518,157
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 1,419,967,393 1,540,361,903
9 Program service revenue (Part VIII, line 2g) ......... 2,982,357,785 3,157,344,143
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 2,379,740,354 3,701,944,184
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 59,190,547 53,117,804
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 6,841,256,079 8,452,768,034
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 800,884,314 861,177,007
14 Benefits paid to or for members (Part IX, column (A), line 4).....   0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 3,345,923,969 3,599,006,423
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 97,539,109    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 2,050,262,976 2,212,075,522
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 6,197,071,259 6,672,258,952
19 Revenue less expenses. Subtract line 18 from line 12....... 644,184,820 1,780,509,082
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 55,210,972,740 58,926,726,383
21 Total liabilities (Part X, line 26)............. 10,013,756,266 10,452,253,079
22 Net assets or fund balances. Subtract line 21 from line 20..... 45,197,216,474 48,474,473,304
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: SEE SCHEDULE O
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 2,935,120,712 including grants of $ 81,708,509 ) (Revenue $ 2,641,862,509 )
Instruction: The program service costs include salaries, fringe benefits and supplies of teaching approximately 15,500 students including 6,741 undergraduates and 8,750 graduate and professional school students. A faculty of nearly 5,750 teach and administer programs across a range of disciplines in the sciences and engineering, the social sciences, the humanities, and the various learned professions. More than 80 majors are available in the undergraduate college and more than 35 different degree programs are offered by the university. In addition to the graduate school of arts and sciences, the university has professional schools in disciplines of architecture, art, divinity, drama, engineering and applied science, global affairs, the environment, law, management, medicine, music, nursing, and public health.
4b (Code:   ) (Expenses $ 1,063,574,082 including grants of $ 592,362,548 ) (Revenue $ 141,151,886 )
Student financial aid and services: Yale college admits students for their academic and personal promise without regard to their ability to pay. Yale is committed to an admissions policy that does not consider a student's ability to pay, and a financial aid policy that meets the full need of all students with no loans required. These two principles: need-blind admissions and need-based financial aid, ensure that a Yale education is affordable for everyone. With this policy, Yale strives to create a learning environment accessible to the most talented students from around the world and that incorporates the widest possible range of student backgrounds. In FY2025, 3,801 or 56% of undergraduates received need-based scholarships or grants from Yale sources of $68,129 on average. All of Yale's graduate and professional schools provide financial aid to their students based on their individual policies and procedures. (Continued on Schedule O)
4c (Code:   ) (Expenses $ 936,048,613 including grants of $ 155,978,767 ) (Revenue $ 236,252,710 )
Research: The University engages in extensive research in medicine, science, engineering, the arts, social sciences, and humanities. The University's research activities are aimed at the advancement of knowledge as well as training students in the research process. As integral parts of a unified, innovative, and accessible student-centered research University, Yale's labs and classrooms are turning out groundbreaking medical and scientific discoveries and the next generation of innovators in many areas of research excellence. The University's outstanding facilities devoted to research are comprised of myriad laboratories, centers, libraries, collections, and institutes that focus on research in geology, chemistry, biology, engineering and applied science, anthropology, paleontology, psychology, molecular and structural biology, nuclear structure, child development, social policy, biospheric studies and numerous biomedical sciences, to name but a few.
(Code:   ) (Expenses $ 880,290,172 including grants of $ 31,127,183 ) (Revenue $ 136,383,045 )
OTHER PROGRAM SERVICES INCLUDE ACADEMIC SUPPORT, PUBLIC SERVICE, AND OTHER INSTITUTIONAL SUPPORT.
4d Other program services (Describe in Schedule O.)
(Expenses $ 880,290,172 including grants of $ 31,127,183 ) (Revenue $ 136,383,045 )
4e Total program service expenses5,815,033,579
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment
List of Attached Documents:
// Content
.........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
Yes
 
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D,
Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part VClick to see attachment
List of Attached Documents:
// Content
......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D,
Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII
......................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
List of Attached Documents:
// Content
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
List of Attached Documents:
// Content
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
List of Attached Documents:
// Content
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
List of Attached Documents:
// Content
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
List of Attached Documents:
// Content
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see list of attachments
List of Attached Documents:
// Content
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
Yes
 
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
Yes
 
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
List of Attached Documents:
// Content
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................Click to see attachment
List of Attached Documents:
// Content
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
24,750
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
35,714
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: HK , HU , AR , EI , IS , LU , MP , MO , PL , SN , SZ , BE , UK , CA , CJ , CH , CY , FR
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
Yes
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
2
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
No
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
No
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
No
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
Yes
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
Yes
 
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
17
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
16
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
No
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
Stephen C Murphy VP For Finance and CFOPO Box 208239   New Haven,CT065208239 (203) 432-5530
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)
(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) Maurie McInnis......................................................................
President (effective 7/1/24)
50.0
.................
2.2
X   X       803,448 0 86,746
(2) Ann Miura-Ko......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(3) Carlos R Moreno......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(4) David A Thomas......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(5) David Sze......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(6) Edward Miner Ned Lamont Jr......................................................................
Trustee (ex-officio)
0.0
.................
0.0
X           0 0 0
(7) Felicia F Norwood......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(8) Fred Krupp......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(9) Gina R Boswell......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(10) Joshua Bekenstein......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(11) Joshua L Steiner......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(12) Marta L Tellado......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(13) Maryana Iskander......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(14) Michael J Cavanagh......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(15) Neal S Wolin......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
(16) Susan Bysiewicz......................................................................
Trustee (ex-officio)
0.0
.................
0.0
X           0 0 0
(17) William E Kennard......................................................................
Trustee
5.0
.................
0.0
X           0 0 0
Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title
(B)
Average hours per week (list any hours for related organizations below dotted line)
(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee)
(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)
(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) Alexander E Dreier........................................................................
Sr VP for Institutional Affairs
50.0
.......................0.0
    X       940,055 0 117,302
(19) Jack F Callahan Jr........................................................................
Sr VP for Operations
50.0
.......................0.0
    X       882,587 0 90,370
(20) Jack Michael Bellamy........................................................................
VP for Facilities, Campus Development & Sustainability
50.0
.......................0.0
    X       593,635 0 41,030
(21) Joan E O'Neill........................................................................
VP for Alumni Affairs & Development
50.0
.......................1.2
    X       876,491 0 80,166
(22) John Barden........................................................................
VP for Technology and Campus Services
50.0
.......................1.0
    X       546,863 0 79,878
(23) John Whelan........................................................................
VP for HR
50.0
.......................0.0
    X       469,015 0 82,138
(24) Kimberly M Goff-Crews........................................................................
Secretary & VP for University Life
50.0
.......................1.0
    X       554,409 0 56,744
(25) Renee Kopkowski........................................................................
VP for Communications
50.0
.......................0.0
    X       483,514 0 74,749
(26) Scott A Strobel........................................................................
Provost
50.0
.......................0.0
    X       1,153,970 0 67,601
(27) Stephen C Murphy........................................................................
VP for Finance & CFO
50.0
.......................4.6
    X       634,970 0 155,508
(28) Matthew S T Mendelsohn........................................................................
Chief Investment Officer
50.0
.......................2.6
      X     2,736,107 0 2,648,691
(29) Nancy J Brown........................................................................
Dean, School of Medicine
50.0
.......................0.0
      X     1,203,172 0 53,087
(30) Alexander C Banker........................................................................
Sr Director of Finance
50.0
.......................0.6
        X   4,102,577 0 63,612
(31) Amelia Chivetta........................................................................
Managing Director, Investments
50.0
.......................2.6
        X   1,862,086 0 2,722,743
(32) Carrie Abildgaard........................................................................
Director, Investments
50.0
.......................0.0
        X   3,087,594 0 72,634
(33) Peter Salovey........................................................................
President (through 6/30/24)
50.0
.......................0.2
        X   3,921,313 0 98,044
(34) Timothy R Sullivan........................................................................
Sr Director of Private Equity
50.0
.......................0.0
        X   2,347,383 0 1,828,042
(35) Benjamin Polak........................................................................
Former Provost
50.0
.......................0.0
          X 513,267 0 79,927
(36) Dean J Takahashi........................................................................
Former Sr Director, Investments
50.0
.......................0.0
          X 1,603,495 0 46,368
(37) Karen Peart........................................................................
Former Interim VP for Communications
50.0
.......................0.0
          X 266,008 0 45,083
(38) Pericles Lewis........................................................................
Former VP for Global Strategy
50.0
.......................0.0
          X 568,122 0 150,092
(39) Robert J Alpern........................................................................
Former Dean, School of Medicine
50.0
.......................0.0
          X 355,849 0 42,128
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 30,505,930 0 8,782,683
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 7,072
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual
...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address
(B)
Description of services
(C)
Compensation
THE WHITING-TURNER CONTRACTING COMPANY

300 East Joppa Road
Baltimore,MD21286
construction & related services 73,407,823
TURNER CONSTRUCTION COMPANY

375 Hudson Street
New York,NY10014
CONSTRUCTION & RELATED SERVICES 57,278,327
DIMEO CONSTRUCTION COMPANY

1301 Atwood Avenue
Suite E 116
Johnston,RI02919
CONSTRUCTION & RELATED SERVICES 49,467,322
Shawmut Woodworking & Supply Inc

560 Harrison Avenue
Boston,MA02118
Construction & Related Services 45,201,588
PETRA CONSTRUCTION CORP

98 Rebeschi Drive
North Haven,CT06473
CONSTRUCTION & RELATED SERVICES 40,852,434
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 485
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue
(B)
Related or
exempt
function
revenue
(C)
Unrelated
business
revenue
(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a 25,592
b Membership dues..1b  
c Fundraising events..1c 191,184
d Related organizations1d 9,105,598
e Government grants (contributions)1e 908,949,297
f All other contributions, gifts, grants, and similar amounts not included above1f 622,090,232
g Noncash contributions included in lines 1a - 1f:$ 1g 75,712,166
h Total. Add lines 1a-1f....... 1,540,361,903
 Program Service RevenueAmt Business Code
2a Medical services 541900 1,680,904,887 1,680,675,018 229,869  
b Student Income 611310 996,691,417 996,691,417    
c Contract income Gov & Non-Gov't 541700 228,765,753 228,765,753    
d Auxiliary Services 611710 184,014,763 184,014,763    
e Publication income 511130 21,208,479 20,770,836 437,643  
f All other program service revenue. 45,758,844 44,732,363 1,026,481 0
g Total. Add lines 2a–2f ..... 3,157,344,143
 OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 659,457,157   -39,240,143 698,697,300
4 Income from investment of tax-exempt bond proceeds 2,980,821     2,980,821
5 Royalties........... 19,349,668     19,349,668
(i) Real (ii) Personal
6a Gross rents 6a 20,343,905  
b Less: rental expenses 6b 17,584,098  
c Rental income or (loss) 6c 2,759,807 0
d Net rental income or (loss)....... 2,759,807     2,759,807
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 11,690,767,864 6,261,392,566
b Less: cost or other basis and sales expenses 7b 11,394,021,215 3,518,633,009
c Gain or (loss) 7c 296,746,649 2,742,759,557
d Net gain or (loss)......... 3,039,506,206   65,080,490 2,974,425,716
8a Gross income from fundraising events (not including $ 191,184of contributions reported on line 1c). See Part IV, line 18 ....
8a 258,830
b Less: direct expenses ... 8b 384,492
c Net income or (loss) from fundraising events.. -125,662   -125,662
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
 OtherRevenueMiscAmt
Business Code
11a Parking 812930 16,475,593   1,983,817 14,491,776
b Utilities 221000 14,658,398     14,658,398
c            
d All other revenue .... 0 0 0 0
e Total. Add lines 11a–11d ...... 31,133,991
12 Total revenue. See instructions..... 8,452,768,034 3,155,650,150 29,518,157 3,727,237,824
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.
(A)
Total expenses
(B)
Program service expenses
(C)
Management and general expenses
(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 168,401,424 168,401,424
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 658,448,284 658,448,284
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 34,327,299 34,327,299
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 16,258,158 1,906,550 13,361,964 989,644
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 27,369,219 18,443,083 8,926,136  
7 Other salaries and wages........ 2,696,960,845 2,495,071,349 153,111,327 48,778,169
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 198,610,459 181,152,606 13,186,507 4,271,346
9 Other employee benefits ....... 498,309,093 453,387,517 34,185,512 10,736,064
10 Payroll taxes ........... 161,498,649 146,791,546 11,230,556 3,476,547
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 26,233,588 1,109,803 25,110,928 12,857
c Accounting ........... 1,886,685 72,620 1,810,228 3,837
d Lobbying ........... 133,922 133,922    
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 318,266,474   318,266,474  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 458,575,538 401,663,158 52,346,475 4,565,905
12 Advertising and promotion .... 9,482,693 7,511,426 1,851,544 119,723
13 Office expenses ....... 31,468,548 28,816,980   2,651,568
14 Information technology ...... 66,960,522 49,122,466 16,842,312 995,744
15 Royalties .. 3,052,027 3,052,027    
16 Occupancy ........... 130,525,894 125,428,300 3,844,617 1,252,977
17 Travel ............ 80,879,822 74,008,268 3,348,912 3,522,642
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 20,628 20,628    
19 Conferences, conventions, and meetings .... 27,326,413 21,642,692 2,176,265 3,507,456
20 Interest ........... 111,725,301 107,201,300 3,445,218 1,078,783
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 385,136,377 369,539,995 11,877,303 3,719,079
23 Insurance ... 64,469,541 57,133,728 7,335,360 453
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a Supplies - Medical, Research, Other 149,274,874 145,723,190 3,233,300 318,384
b Building Materials & Equipment 48,645,681 47,278,369 994,189 373,123
c Collections 53,349,156 53,349,156    
d Subsidies, Community Support, and payments to municipalities 31,021,723 1,912,085 28,318,047 791,591
e All other expenses 213,640,115 162,383,808 44,883,090 6,373,217
25 Total functional expenses. Add lines 1 through 24e 6,672,258,952 5,815,033,579 759,686,264 97,539,109
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year
(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 0 1 0
2 Savings and temporary cash investments ......... 1,056,767,942 2 763,338,201
3 Pledges and grants receivable, net ...... 1,000,818,973 3 992,898,646
4 Accounts receivable, net ............. 312,153,450 4 278,384,477
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
111,666 5 98,402
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
0 6 0
7 Notes and loans receivable, net ........... 100,852,957 7 98,313,289
8 Inventories for sale or use ............ 17,000,237 8 16,710,502
9 Prepaid expenses and deferred charges ...... 274,468,451 9 322,961,266
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 11,324,037,870
b Less: accumulated depreciation 10b 4,693,346,937 6,150,379,163 10c 6,630,690,933
11 Investments—publicly traded securities . 4,544,079,686 11 5,900,010,941
12 Investments—other securities. See Part IV, line 11 ..... 41,070,820,353 12 42,685,189,406
13 Investments—program-related. See Part IV, line 11 .. 81,513,394 13 114,075,151
14 Intangible assets ............... 0 14  
15 Other assets. See Part IV, line 11 ........... 602,006,468 15 1,124,055,169
16 Total assets. Add lines 1 through 15 (must equal line 33)... 55,210,972,740 16 58,926,726,383
Liabilities 17 Accounts payable and accrued expenses ..... 730,230,344 17 698,456,034
18 Grants payable ... 14,911,322 18 16,329,137
19 Deferred revenue ......... 181,946,454 19 193,717,931
20 Tax-exempt bond liabilities ......... 2,988,254,461 20 3,444,279,552
21 Escrow or custodial account liability. Complete Part IV of Schedule D 2,019,315 21 1,542,953
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 0
24 Unsecured notes and loans payable to unrelated third parties .. 1,859,047,764 24 1,760,221,952
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 4,237,346,606 25 4,337,705,520
26 Total liabilities. Add lines 17 through 25.. 10,013,756,266 26 10,452,253,079
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 9,441,856,086 27 10,337,012,842
28 Net assets with donor restrictions ........... 35,755,360,388 28 38,137,460,462
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 45,197,216,474 32 48,474,473,304
33 Total liabilities and net assets/fund balances ........ 55,210,972,740 33 58,926,726,383
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
8,452,768,034
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
6,672,258,952
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
1,780,509,082
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
45,197,216,474
5
Net unrealized gains (losses) on investments ...............
5
1,310,899,589
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
185,848,159
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
48,474,473,304
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 1,680,260,285 1,427,195,501 1,328,427,356 1,419,967,393 1,540,361,902 7,396,212,437
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... 0 0       0
3 The value of services or facilities furnished by a governmental unit to the organization without charge.. 0 0       0
4 Total. Add lines 1 through 3 1,680,260,285 1,427,195,501 1,328,427,356 1,419,967,393 1,540,361,902 7,396,212,437
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. 126,806,169
6 Public support. Subtract line 5 from line 4. 7,269,406,268
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4.. 1,680,260,285 1,427,195,501 1,328,427,356 1,419,967,393 1,540,361,902 7,396,212,437
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 161,127,867 171,417,931 476,627,846 748,667,541 741,371,693 2,299,212,878
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 0 256,703,492 2,562,757 0 0 259,266,249
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 0 0 0 0 0 0
11 Total support. Add lines 7 through 10 9,954,691,564
12
12
13,766,393,188
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
73.025 %
15
15
74.136 %
16a
33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity
2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI
). See instructions
8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions
(ii)
Underdistributions
Pre-2024
(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.
 
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions)
 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions.
 
6 Remaining underdistributions for 2024. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions.
 
7 Excess distributions carryover to 2025. Add lines
3j and 4c.
 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990) 2024


Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

2
Political campaign activity expenditures. See instructions ....................................................................right arrow
$  
3
Volunteer hours for political campaign activities. See instructions ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................right arrow
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................right arrow
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................right arrow

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........right arrow

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990) 2024

Schedule C (Form 990) 2024
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check right arrowexpenses, and share of excess lobbying expenditures).Click to see attachment
List of Attached Documents:
// Content

B Check right arrow
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.)
(a) Filing
organization's
totals
(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...................... 0 0
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................ 796,632 796,632
c Total lobbying expenditures (add lines 1a and 1b) ............................................................ 796,632 796,632
d Other exempt purpose expenditures ............................................................................... 6,163,664,129 6,250,625,791
e Total exempt purpose expenditures (add lines 1c and 1d) .................................................. 6,164,460,761 6,251,422,423
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.
1,000,000 1,000,000
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) ................................................. 250,000 250,000
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................ 0 0
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................ 0 0
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in)
(a) 2021 (b) 2022 (c) 2023 (d) 2024 (e) Total
2a Lobbying nontaxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
b Lobbying ceiling amount
(150% of line 2a, column(e))
6,000,000
c Total lobbying expenditures 545,034 556,690 569,569 796,632 2,467,925
d Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000
e Grassroots ceiling amount
(150% of line 2d, column (e))
1,500,000
f Grassroots lobbying expenditures 6,973 2,430 1,280 0 10,683
Schedule C (Form 990) 2024


Schedule C (Form 990) 2024
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
 
c
Media advertisements? ...................................................................................................
 
 
 
d
Mailings to members, legislators, or the public? .............................................................................
 
 
 
e
Publications, or published or broadcast statements? ...........................................................
 
 
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
 
 
i
Other activities? ...................................................................................................................
 
 
 
j
Total. Add lines 1c through 1i ....................................................................................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures. See Instructions .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C (Form 990) 2024


Additional Data


Software ID: 24020961
Software Version: 2024v5.1

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ......... 10 10
2 Aggregate value of contributions to (during year) 1,250,000 2,301,166
3 Aggregate value of grants from (during year) 15,606,765 37,069,626
4 Aggregate value at end of year ........ 255,888,717 138,838,752
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow0
4
Number of states where property subject to conservation easement is located right arrow1
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow0.0
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $ 0
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $ 2,250,000
b
Assets included in Form 990, Part X ...............................right arrow $ 2,250,000
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 41,696,311,794 40,920,934,244 41,501,681,084 42,356,948,318 31,244,272,067
b Contributions ... 259,133,000 231,477,000 291,890,000 301,355,000 636,119,000
c Net investment earnings, gains, and losses 4,507,628,000 2,271,310,000 758,684,000 265,880,000 12,052,824,000
d Grants or scholarships ... 256,351,706 237,316,799 219,895,942 200,886,111 194,279,342
e Other expenditures for facilities
and programs ...
1,506,130,540 1,353,482,003 1,287,616,145 1,110,684,565 1,284,375,555
f Administrative expenses .... 146,154,593 136,610,648 123,808,753 110,931,558 97,611,852
g End of year balance ...... 44,554,435,955 41,696,311,794 40,920,934,244 41,501,681,084 42,356,948,318
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow17.36 %
b
Permanent endowment right arrow14.43 %
c
Term endowment right arrow68.21 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
Yes
 
(ii) Related organizations .................
3a(ii)
Yes
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment)
(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   138,844,073 138,844,073
b Buildings .... 69,370,276 10,598,836,626 4,357,081,310 6,311,125,592
c Leasehold improvements   29,970,066 16,466,893 13,503,173
d Equipment ....   487,016,829 319,798,734 167,218,095
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 6,630,690,933
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)
(b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3) Other
(A) Closely-held equity interests
   

(B) Financial derivatives
   

(C) Fixed income
60,889 F

(D) Common Stock
1,355,730 F

(E) Equity Investments
40,978,607,173 F

(F) Other Investments
666,216,837 F

(G) Investment Receivable
1,038,948,777 F
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 42,685,189,406
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
Federal Income Taxes  
Employee benefit obligations 653,887,703
Compensated absences 88,478,354
Financial aid grant obligations 29,575,806
Asset retirement obligations 43,201,399
Lease Liabilities 360,467,392
Liabilities under split-interest agreements 144,878,148
Due to institutions 2,029,411,260
Securities sold not yet purchased 295,061,546
Other Liabilities 692,743,912
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 4,337,705,520
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 9,141,680,693
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 1,310,899,589
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d -243,180,289
e Add lines 2a through 2d ..................... 2e 1,067,719,300
3 Subtract line 2e from line 1.................. 3 8,073,961,393
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 401,465,633
b Other (Describe in Part XIII.) ........... 4b -22,658,992
c Add lines 4a and 4b.................... 4c 378,806,641
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 8,452,768,034
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 5,807,911,298
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d 34,977,970
e Add lines 2a through 2d.................... 2e 34,977,970
3 Subtract line 2e from line 1................... 3 5,772,933,328
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 401,465,633
b Other (Describe in Part XIII.) ........... 4b 497,859,991
c Add lines 4a and 4b..................... 4c 899,325,624
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 6,672,258,952
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule D, Part V ENDOWMENT FUNDS ENDOWMENT FUNDS INCLUDE THE VALUE OF THE ENDOWMENT AND UNEXPENDED ENDOWMENT INCOME AT JUNE 30, 2025.
Schedule D, Part X, Line 2 LIABILITY FOR UNCERTAIN TAX POSITIONS THE UNIVERSITY WAS NOT REQUIRED TO INCLUDE A FIN 48 (ASC 740), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, FOOTNOTE IN ITS FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2025.
Schedule D, Part II, Line 5 CONSERVATION EASEMENTS Per the agreement, the university reserves a pedestrian ingress and egress easement over the real property as part of the conservation easement for the purposes of inspecting the real property to determine compliance with the provisions, terms, covenants and purposes of the conservation easement. In addition, the university has the right to enforce the terms of the conservation easement, and to take necessary actions to remedy or abate violations of this conservation easement and to prevent any activity on the real property inconsistent with the purpose of the conservation easement.
Schedule D, Part II, Line 9 Conservation easements financial reporting During the fiscal year ended June 30, 2025, the University held a conservation easement, with conservation rights it retained as part of the sale of land. The university did not recognize revenue or incur expenses related to the conservation easement nor did it include a footnote to the financial statements that describes the accounting for conservation easements.
Schedule D, Part III, Line 1a Collections of art - financial statement footnote Yale University Financial Statements - Collections Footnote: Collections at Yale include works of art, literary works, historical treasures, and artifacts that are maintained in the University's museums and libraries. These collections are protected and preserved for public exhibition, education, research, and the furtherance of public service. Collections are not capitalized; purchases of collection items are recorded as expenses in the University's consolidated statement of activities in the period in which the items are acquired.
Schedule D, Part III, Line 4 Collections of art - description of collections Yale University's museums and libraries are an integral part of teaching and learning across the university and include the Yale University Art Gallery, the Yale Center for British Art, Yale Peabody Museum, and the Morris Steinert Collection of Musical Instruments. Most of the museums and libraries are open to the public, all of them are free of charge. People of all ages are invited to visit the collections, join an exhibition tour, take classes with artists and curators, and enjoy many other public programs offered throughout the year. In service of its mission, Yale University released to the public LUX: Yale Collections Discovery. LUX is a digital platform that enables users to find and connect with the cultural heritage collections across Yale's museums, archives, and libraries in new ways and all in one place. Since its foundation in the early 18th century, the University has encouraged, accumulated, and actively built its collections in the service of its educational mission. LUX supports this mission by making many of these objects and resources accessible, so that new knowledge and understanding can be built by those within and beyond Yale. The Yale University Art Gallery: The Yale University Art Gallery, founded in 1832, is the oldest university art museum in America. The museum collects, preserves, studies, and presents art in all media, from all regions of the globe and across time. The museum's exceptional collection - numbering over 300,000 objects - is the core of its identity. The collection includes ancient art, Asian art, African art, Indo-Pacific art, American paintings and sculpture, American Decorative Arts, art of the Ancient Americas, prints and drawings, photography, numismatics, European art, and Modern and Contemporary art. The Art Gallery's mission is to collect, preserve, study, and present art in all media and to serve as a center for teaching, learning, and scholarship for the Yale campus, community, and national and international audiences. The Art Gallery seeks to make the museum a place where creativity continuously enriches our lives, sparks curiosity and inspiration, and generates wonder, new ways of thinking, and mutual respect. It is a center for teaching, learning, and scholarship and is a preeminent cultural asset for Yale University, the wider academic community, and the public. The museum is open to all, free of charge, and is committed to engaging audiences through thoughtful, creative, and relevant exhibitions, programs, and publications. The Yale Center for British Art: The Yale Center for British Art is a public art museum and research institute for the study of British art and culture. The Yale Center for British Art, which opened in 1977, holds the largest and most comprehensive collection of British art outside the United Kingdom. The collections of paintings, sculpture, photographs, prints, drawings, rare books, and manuscripts present the story of British art and culture, and its global contexts, from the fifteenth century to today. The Center offers a year-round schedule of exhibitions and programs, including talks and lectures, conferences, films, concerts, and performances. The Yale Center for British Art oversees an active research program through which it promotes and fosters the scholarship of all aspects of British art and material culture. Academic resources of the center include the Reference Library and Photograph Archives, conservation laboratories, a study room for examining works on paper as well as rare books and manuscripts from the museum's physical and digital collections. Over 130,000 records from the paintings and sculpture, prints and drawings, rare books and manuscripts, reference library, and archives collections are searchable online, along with nearly all of the Center's historic frames. In March 2025, the museum reopened after a two-year closure undertaken to complete essential conservation of its landmark building, the final work of architect Louis I. Kahn. The reopening unveils a fully reconceived collection installation which redefines the museum's presentation of British art by uniting its historic and contemporary works in an uninterrupted chronological sequence. Additionally, a fresh slate of new programming was introduced, designed to engage visitors of all ages. The museum is open to the public, free of charge. Yale Peabody Museum: The Yale Peabody Museum, founded in 1866, is one of the oldest and largest university-based natural history museums with worldwide acclaim for its dinosaur skeletons, mammal displays, and natural history collections. The Yale Peabody Museum houses more than 14 million specimens and artifacts representing more than 4 billion years of geological, biological, and human history. The Yale Peabody Museum's collections, a major component of research and teaching at the Museum and across Yale, are used in undergraduate and graduate courses and research, as well as in public programs and exhibitions. The curators and staff contribute new knowledge and make it available to the public and to specialized audiences. The Peabody's mission is to serve the University by advancing the understanding of earth's history through geological, biological, and anthropological research, and by communicating the results of this research to the widest possible audience through publication, exhibition, and educational programs. Fundamental to this mission is stewardship of the Museum's rich collections, which provide a remarkable record of the history of the earth, its life, and its cultures. Conservation, augmentation and use of these collections become increasingly urgent as modern threats to the diversity of life and culture continue to intensify. The Yale Peabody Museum Office of Student Programs supports Yale student participation in the activities of the Museum across all its departments and divisions. The Museum's collections are available to legitimate researchers at established institutions for scholarly use. The Museum is open to the public, free of charge. Morris Steinert Collection of Musical Instruments: Established in 1900, the Morris Steinert Collection of Musical Instruments today comprises more than 1,000 objects including instruments, instrument accessories, and more. The Collection focuses on Western European and North American art-music traditions, yet its holdings from musical cultures all over the world, including Asia, Africa, and Latin America, are continually growing. It is committed to fostering an understanding and appreciation of musical instruments from all cultures and periods. One of the foremost institutions of its kind, the Collection acquires, preserves, and exhibits musical instruments from antiquity to the present, and showcases restored examples in demonstration and live performances. The Morris Steinert Collection of Musical Instruments also serves as a laboratory for historical, artistic, and innovative exploration and education in the arts and sciences. It is a renowned study and research collection for scholars, musicians, and instrument makers, and a world-class museum that engages the public in the fascinating history of musical instruments through exhibits, publications, concerts, and outreach initiatives. The Collection is open to the public free of charge. The Morris Steinert Collection of Musical Instruments is currently closed for renovation. However, the online gallery is always open. Yale University Library: In addition to its museums, the Yale University Library advances teaching, research, learning, and practice through staff expertise, diverse collections, extensive electronic resources, inclusive programs and services, and welcoming spaces. Yale Library has accumulated and preserved extraordinary collections that represent a vast diversity of the human experience in more than a dozen libraries and locations, including Sterling Memorial Library, Beinecke Rare Book and Manuscript Library, and Bass Library, Marx Science and Social Science Library, as well as many other school and departmental libraries. Yale Library's unique collections, amassed over three centuries and widely used in teaching, are a distinctive feature of a Yale education, together with the collections of Yale's museums. In continuing to build and steward these collections, Yale has made a commitment to help preserve and disseminate human knowledge and to find new ways to make our collections accessible to the Yale community and beyond.
Schedule D, Part IV, Line 2b Explanation of escrow agreement THE AMOUNT REPORTED ON FORM 990, PART X, LINE 21, ESCROW ACCOUNT LIABILITY, CONSISTS OF SECURITY DEPOSITS RELATED TO LEASE AGREEMENTS AND OTHER DEPOSITS.
Schedule D, Part V, Line 4 Intended uses of endowment funds Spending from the endowment provides Yale's largest source of support for academic programs of the university, providing more than one-third of Yale's operating revenue, including 60% of Yale College's budget. Over the past decade, the university has spent $15.3 billion from its endowment. Spending from the endowment is used to accelerate research and innovation, enable a need-blind admissions policy, and propel the next generation of leaders who are determined to change the world for the better. At June 30, 2025, net assets in the endowment totaled approximately $44.2 billion. The majority of endowment spending is allocated across multiple purposes, including financial aid and professorships, based on donor restrictions or internal designations by the university. Endowment spending that is neither restricted nor designated provides additional support for budgetary priorities that carry out the university's mission. Endowment investment returns allocated to operating activities increased by 7% in 2025 to $2.1 billion. The endowment is structured to support the university in perpetuity. The spending policy, which allocates endowment earnings to operations, balances the competing objectives of providing a stable flow of income to the operating budget and protecting the real value of the endowment over time. The spending policy manages the trade-off between these two objectives by using a long-term target spending rate combined with a smoothing rule, which adjusts spending in any given year gradually in response to changes in endowment market value. The target spending rate approved by the Yale Corporation currently stands at 5.25% of the endowment's value.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Tuition discounts which were netted with student income on the audited financial statements - -XXX-XX-XXXX Non-Yale eliminations - 67544131 Change in funding status of defined benefit plans - XXX-XX-XXXX Actuarial adjustment for split-interest liability - -1812478 Non-controlling interest - 1287412 Other Reconciling Adjustment - 31704344
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Expenses on the audited financial statements that are reclassified for Form 990 purposes and reported on Part VIII, Lines 6B, 7B, 8B, and 9B pursuant to form instructions - -22658992
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Expenses on the audited financial statements that are reclassified for Form 990 purposes and reported on Part VIII, Lines 6B, 7B, and 9B pursuant to form instructions - 22658992 Non-Yale Eliminations - 12318978
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Tuition Discounts which were netted with Student Income on the audited financial statements - XXX-XX-XXXX
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1




SCHEDULE E(Form 990)
(Rev. January 2025)


Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large image Complete if the organization answered "Yes" on Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image Go to www.irs.gov/Form990EZ for instructions and the latest information.
OMB No. 1545-0047Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . .
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy on its primary publicly accessible Internet homepage at
all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or through
newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no
solicitation program, in a way that makes the policy known to all parts of the general community it serves? If "Yes," please
describe. If "No," please explain. If you need more space use Part II. . . . . . . . . . . . . . . . . . .
3
Yes
 
 
4
Does the organization maintain the following:
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain in Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain in Part II. . . . . . . . . . . . . . . . . . . . . . . . . .
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50085D
Schedule E (Form 990) (Rev. 1-2025)
Schedule E (Form 990) (Rev. 1-2025)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information. See instructions.
Return Reference Explanation
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The university meets the criteria established in Section 4.03.2(b) of Rev. Proc. 75-50, as modified by Rev. Proc. 2019-22, through admission and financial aid offices outreach programs. The University's Equal Opportunity and Nondiscrimination Statement is made known to all segments of the general community serviced by the University. It is included in catalogues and brochures dealing with student admissions, programs, and scholarships of the University as well as on its website which are all available to the public. The University's equal opportunity statement and nondiscrimination policy are included on its homepage. The university is in compliance with Sections 4.02 and 4.03 of IRS Revenue Procedure 75-50. Yale University is committed to maintaining a non-discriminatory learning and working environment. Yale adopts this policy with a commitment to preventing and addressing discrimination, harassment, sexual misconduct, and related retaliation, consistent with Connecticut and federal law. Yale University's Equal Opportunity and Nondiscrimination Statement: The University is committed to basing judgments concerning the admission, education, and employment of individuals upon their qualifications and abilities and seeks to attract to its faculty, staff, and student body qualified persons from a broad range of backgrounds and perspectives. Additionally, in accordance with this policy and as delineated by federal and Connecticut law, Yale does not discriminate in admissions, educational programs, or employment against any individual on account of that individual's sex; sexual orientation; gender identity or expression; pregnancy, childbirth or related conditions; race; color; national or ethnic origin; religion; age; disability; protected veteran status, or other protected classes as set forth in federal and Connecticut law.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY HAS RECEIVED AND CONTINUES TO RECEIVE STUDENT FINANCIAL AID AND GRANTS FROM GOVERNMENTAL AGENCIES.
Schedule E (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE F(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region
(f) Total expenditures
for and investments
in the region
Central America and the Caribbean 0 1 Program Services Academic Collaboration 12,679
Central America and the Caribbean 0 1 Program Services Instruction 34,174
Central America and the Caribbean 0 3 Program Services Other Mission Related Activities 31,932
Central America and the Caribbean 0 6 Program Services Research 348,481
Central America and the Caribbean 0 3 Program Services Seminars & Conferences 159,663
Central America and the Caribbean 0 1 Program Services Study Abroad & Other Educational Programs 28,314
Central America and the Caribbean 0 0 Grantmaking   662,672
Central America and the Caribbean 0 0 Investments   7,226,799,098
East Asia and the Pacific 1 9 Program Services Academic Collaboration 763,740
East Asia and the Pacific 0 0 Program Services Alumni Relations 93,850
East Asia and the Pacific 0 2 Program Services Cultural Exchange 21,485
East Asia and the Pacific 0 9 Program Services Instruction 140,977
East Asia and the Pacific 2 13 Program Services Other Mission Related Activities 2,464,733
East Asia and the Pacific 1 22 Program Services Research 1,087,198
East Asia and the Pacific 0 15 Program Services Seminars & Conferences 1,342,392
East Asia and the Pacific 0 0 Program Services Student Recruitment 46,869
East Asia and the Pacific 0 2 Program Services Study Abroad & Other Educational Programs 197,135
East Asia and the Pacific 0 1 Program Services Training & Clinical Practice 42,506
East Asia and the Pacific 0 0 Fundraising   264,786
East Asia and the Pacific 0 0 Grantmaking   5,629,188
East Asia and the Pacific 0 0 Investments   4,799,219
Europe (Including Iceland and Greenland) 0 6 Program Services Academic Collaboration 551,238
Europe (Including Iceland and Greenland) 0 3 Program Services Alumni Relations 517,734
Europe (Including Iceland and Greenland) 0 35 Program Services Cultural Exchange 966,420
Europe (Including Iceland and Greenland) 0 24 Program Services Instruction 341,955
Europe (Including Iceland and Greenland) 0 33 Program Services Other Mission Related Activities 12,065,535
Europe (Including Iceland and Greenland) 0 83 Program Services Research 3,499,367
Europe (Including Iceland and Greenland) 0 19 Program Services Seminars & Conferences 4,188,894
Europe (Including Iceland and Greenland) 0 0 Program Services Student Recruitment 56,806
Europe (Including Iceland and Greenland) 0 14 Program Services Study Abroad & Other Educational Programs 1,024,149
Europe (Including Iceland and Greenland) 0 4 Program Services Training & Clinical Practice 110,046
Europe (Including Iceland and Greenland) 0 0 Fundraising   371,209
Europe (Including Iceland and Greenland) 0 0 Grantmaking   13,784,369
Europe (Including Iceland and Greenland) 0 0 Investments   1,789,695,447
Middle East and North Africa 0 0 Program Services Academic Collaboration 32,129
Middle East and North Africa 0 2 Program Services Cultural Exchange 20,449
Middle East and North Africa 0 1 Program Services Instruction 65,215
Middle East and North Africa 0 4 Program Services Other Mission Related Activities 94,276
Middle East and North Africa 0 4 Program Services Research 394,549
Middle East and North Africa 0 0 Program Services Seminars & Conferences 140,916
Middle East and North Africa 0 1 Program Services Study Abroad & Other Educational Programs 48,435
Middle East and North Africa 0 0 Fundraising   18,696
Middle East and North Africa 0 0 Grantmaking   1,278,658
North America (Canada & Mexico only) 0 3 Program Services Academic Collaboration 184,446
North America (Canada & Mexico only) 0 1 Program Services Alumni Relations 20,931
North America (Canada & Mexico only) 0 8 Program Services Cultural Exchange 37,145
North America (Canada & Mexico only) 0 9 Program Services Instruction 50,539
North America (Canada & Mexico only) 0 21 Program Services Other Mission Related Activities 2,443,998
North America (Canada & Mexico only) 0 14 Program Services Research 480,360
North America (Canada & Mexico only) 0 10 Program Services Seminars & Conferences 969,002
North America (Canada & Mexico only) 0 0 Program Services Student Recruitment 38,079
North America (Canada & Mexico only) 0 2 Program Services Study Abroad & Other Educational Programs 141,937
North America (Canada & Mexico only) 0 7 Program Services Training & Clinical Practice 94,178
North America (Canada & Mexico only) 0 0 Fundraising   12,935
North America (Canada & Mexico only) 0 0 Grantmaking   1,957,012
North America (Canada & Mexico only) 0 0 Investments   711,379,437
Russia and Neighboring States 0 0 Program Services Academic Collaboration 19,362
Russia and Neighboring States 0 0 Program Services Cultural Exchange 27,078
Russia and Neighboring States 0 1 Program Services Other Mission Related Activities 59,746
Russia and Neighboring States 0 4 Program Services Research 243,043
Russia and Neighboring States 0 1 Program Services Seminars & Conferences 32,388
Russia and Neighboring States 0 3 Program Services Study Abroad & Other Educational Programs 65,628
Russia and Neighboring States 0 0 Program Services Training & Clinical Practice 11,285
Russia and Neighboring States 0 0 Grantmaking   1,168,425
South America 0 1 Program Services Academic Collaboration 67,371
South America 0 2 Program Services Alumni Relations 23,663
South America 0 2 Program Services Cultural Exchange 31,013
South America 0 2 Program Services Instruction 82,805
South America 0 7 Program Services Other Mission Related Activities 250,437
South America 0 27 Program Services Research 934,099
South America 0 2 Program Services Seminars & Conferences 276,599
South America 0 0 Program Services Student Recruitment 6,909
South America 0 0 Program Services Study Abroad & Other Educational Programs 125,850
South America 0 1 Program Services Training & Clinical Practice 46,890
South America 0 0 Fundraising   6,694
South America 0 0 Grantmaking   2,382,138
South America 0 0 Investments   4,824
South Asia 0 1 Program Services Academic Collaboration 50,771
South Asia 0 2 Program Services Cultural Exchange 6,856
South Asia 0 2 Program Services Instruction 31,162
South Asia 0 4 Program Services Other Mission Related Activities 120,439
South Asia 0 24 Program Services Research 888,947
South Asia 0 3 Program Services Seminars & Conferences 171,246
South Asia 0 1 Program Services Student Recruitment 7,245
South Asia 0 0 Program Services Study Abroad & Other Educational Programs 60,578
South Asia 0 2 Program Services Training & Clinical Practice 7,728
South Asia 0 0 Grantmaking   3,240,056
South Asia 0 0 Investments   17,831
Sub-Saharan Africa 0 2 Program Services Academic Collaboration 175,529
Sub-Saharan Africa 0 0 Program Services Alumni Relations 6,616
Sub-Saharan Africa 0 2 Program Services Cultural Exchange 23,754
Sub-Saharan Africa 0 6 Program Services Instruction 153,218
Sub-Saharan Africa 0 4 Program Services Other Mission Related Activities 297,316
Sub-Saharan Africa 1 34 Program Services Research 1,426,281
Sub-Saharan Africa 0 7 Program Services Seminars & Conferences 362,467
Sub-Saharan Africa 0 0 Program Services Student Recruitment 18,950
Sub-Saharan Africa 0 3 Program Services Study Abroad & Other Educational Programs 188,229
Sub-Saharan Africa 0 4 Program Services Training & Clinical Practice 126,338
Sub-Saharan Africa 0 0 Fundraising   8,560
Sub-Saharan Africa 0 0 Grantmaking   4,224,783
Sub-Saharan Africa 0 0 Investments   192,760,207
3a Sub-total .... 4 85 7,234,038,257
b Total from continuation sheets to Part I ... 1 465 2,768,250,679
c Totals (add lines 3a and 3b) 5 550 10,002,288,936
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)
(c) Region (d) Purpose of
grant
(e) Amount of
cash grant
(f) Manner of
cash
disbursement
(g) Amount
of noncash
assistance
(h) Description
of noncash
assistance
(i) Method of
valuation
(book, FMV,
appraisal, other)
Central America and the Caribbean SUBAWARD - SPONSORED RESEARCH 415,000 WIRE TRANSFER      
Central America and the Caribbean SUBAWARD - SPONSORED RESEARCH 61,594 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 203,470 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 11,789 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 171,546 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 31,897 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 24,900 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 114,881 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 17,324 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 83,154 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 115,519 WIRE TRANSFER      
East Asia and the Pacific SUBAWARD - SPONSORED RESEARCH 748,712 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 175,229 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 15,985 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 429,442 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 86,001 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 76,273 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 112,076 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 311,354 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 87,719 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 41,843 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 131,943 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 99,349 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 187,689 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 44,355 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 488,665 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 181,882 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 57,291 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 105,276 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 6,862 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 52,541 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 287,319 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 9,990 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 84,374 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 19,844 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 48,882 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 54,448 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 19,400 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 401,564 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 106,903 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 75,000 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 94,642 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 51,547 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 243,469 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 13,942 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 5,150 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 60,052 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 102,638 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 130,709 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 23,035 WIRE TRANSFER      
Europe (Including Iceland and Greenland) SUBAWARD - SPONSORED RESEARCH 6,646 WIRE TRANSFER      
Middle East and North Africa SUBAWARD - SPONSORED RESEARCH 373,683 WIRE TRANSFER      
Middle East and North Africa SUBAWARD - SPONSORED RESEARCH 15,141 WIRE TRANSFER      
Middle East and North Africa SUBAWARD - SPONSORED RESEARCH 6,000 WIRE TRANSFER      
Middle East and North Africa SUBAWARD - SPONSORED RESEARCH 222,054 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 55,694 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 11,173 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 126,360 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 112,789 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 406,194 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 106,391 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 449,548 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 30,367 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 196,450 WIRE TRANSFER      
North America (Canada & Mexico only) SUBAWARD - SPONSORED RESEARCH 34,855 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 82,525 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 44,377 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 229,622 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 41,369 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 104,202 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 52,283 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 190,188 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 215,987 WIRE TRANSFER      
Russia and Neighboring States SUBAWARD - SPONSORED RESEARCH 17,979 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 30,258 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 362,501 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 119,416 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 254,894 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 37,270 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 14,550 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 71,111 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 68,051 WIRE TRANSFER      
South America SUBAWARD - SPONSORED RESEARCH 411,828 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 15,062 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 66,435 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 142,016 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 201,518 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 1,521,190 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 388,620 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 65,273 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 67,000 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 41,310 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 8,575 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 77,568 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 59,076 WIRE TRANSFER      
South Asia SUBAWARD - SPONSORED RESEARCH 11,091 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 44,271 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 126,826 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 27,337 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 26,817 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 8,578 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 29,900 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 231,132 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 84,445 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 63,246 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 24,020 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 79,089 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 108,892 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 172,876 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 16,050 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 35,500 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 391,563 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 87,000 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 1,783,794 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 148,392 WIRE TRANSFER      
Sub-Saharan Africa SUBAWARD - SPONSORED RESEARCH 36,603 WIRE TRANSFER      
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
69
3 Enter total number of other organizations or entities .......................MediumBullet
47
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant
(e) Manner of cash
disbursement
(f) Amount of
noncash
assistance
(g) Description
of noncash
assistance
(h) Method of
valuation
(book, FMV,
appraisal, other)
Student stipends and fellowships Central America and the Caribbean 23 176,611 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships East Asia and the Pacific 304 3,820,826 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships Europe (Including Iceland and Greenland) 738 8,433,668 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships Middle East and North Africa 75 658,672 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships North America (Canada & Mexico only) 43 342,256 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships Russia and Neighboring States 17 189,893 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships South America 92 872,824 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships South Asia 34 408,787 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Student stipends and fellowships Sub-Saharan Africa 70 600,398 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships Central America and the Caribbean 9 9,467 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships East Asia and the Pacific 54 256,674 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships Europe (Including Iceland and Greenland) 103 739,647 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships Middle East and North Africa 2 1,553 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships North America (Canada & Mexico only) 24 62,527 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships South America 29 129,345 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships South Asia 6 151,780 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Scholarships Sub-Saharan Africa 23 91,581 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Health Premium awards East Asia and the Pacific 10 28,496 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Health Premium awards Europe (Including Iceland and Greenland) 35 78,425 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Health Premium awards Middle East and North Africa 1 1,555 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Health Premium awards North America (Canada & Mexico only) 6 22,408 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Health Premium awards South America 4 10,089 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Health Premium awards South Asia 5 14,755 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Health Premium awards Sub-Saharan Africa 3 6,473 CHECK, ELECTRONIC FUND OR WIRE TRANSFER      
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) (Rev. 1-2025)
Schedule F (Form 990) (Rev. 1-2025)
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds WITH RESPECT TO SPONSORED PROJECT ACTIVITY SUBCONTRACTED TO OTHER ENTITIES, THE UNIVERSITY'S POLICY AND PROCEDURES FOR MONITORING SUB RECIPIENT AWARDS ("SUBAWARDS") ARE INTENDED TO ESTABLISH APPROPRIATE AND EFFECTIVE MECHANISMS TO PROMOTE COMPLIANCE WITH FEDERAL AND NON-FEDERAL REQUIREMENTS AND CONTRACTUAL ARRANGEMENTS, INCLUDING THE PROPER MONITORING AND STEWARDSHIP OF AWARDED FUNDS. PROPER MONITORING OF A SUBAWARD ENSURES THAT AWARDED FUNDS ARE USED FOR AUTHORIZED PURPOSES, PERFORMANCE GOALS ARE MET AND THE SUB RECIPIENT IS IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE SUB RECIPIENT AGREEMENT. SUB RECIPIENT MONITORING PROCEDURES INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING ACTIVITIES: A FORMAL PRE-QUALIFICATION PROCESS FOR SUB RECIPIENTS, PRE-AWARD AND POST-AWARD MONITORING OF SUB RECIPIENTS TO REVIEW THE FINANCIAL STATUS AND MANAGEMENT CONTROLS, COMPLIANCE CERTIFICATIONS, REVIEW OF COMPLIANCE WITH REGULATIONS RELATIVE TO THE USE OF HUMAN SUBJECTS AND ANIMALS, IDENTIFICATION AND REPORTING OF ANY CONFLICT OF INTEREST WITH A SUB RECIPIENT ENTITY, AND A REVIEW OF PERTINENT OTHER ORGANIZATION INFORMATION. IN ACCORDANCE WITH THESE PROCEDURES, THE UNIVERSITY REVIEWS THE SUB RECIPIENT'S ADMINISTRATION, FINANCIAL STATEMENTS, BILLINGS, SCIENTIFIC PROGRESS, TECHNICAL REPORTS, AND DELIVERABLES OF AN ACTIVE SUBAWARD REGULARLY AND CONDUCTS ON-GOING RISK ASSESSMENTS AS WELL AS MONTHLY QUALITY ASSURANCE REVIEWS ON RANDOMLY SELECTED SUBAWARDS. IN ADDITION TO A MONTHLY DEPARTMENTAL REVIEW, THE UNIVERSITY MONITORS A SUB RECIPIENT'S COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE SUBAWARD ANNUALLY AND UPON CLOSEOUT OF THE SUB RECIPIENT AGREEMENT. IF ANY OF THESE MONITORING PROCEDURES RESULT IN FINDINGS, THE UNIVERSITY WILL TAKE CORRECTIVE ACTION AS NECESSARY. THE PROCEDURES SERVE TO ENSURE THAT THE SUBAWARD FUNDS ARE USED FOR PROPER PURPOSES AND NOT DIVERTED FROM THEIR INTENDED USE.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual RUSSIA AND NEIGHBORING STATES -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual
Schedule F, Part V SCHEDULE F, PART I, LINE 3 - BREAKOUT OF INVESTMENTS PURSUANT TO THE FORM INSTRUCTIONS, THE FOLLOWING IS A BREAKOUT OF AMOUNTS REPORTED AS INVESTMENTS: CENTRAL AMERICA AND THE CARIBBEAN: INVESTMENTS = $7,165,103,931 EXPENDITURES = $61,695,167 EAST ASIA AND THE PACIFIC: INVESTMENTS = $4,650,024 EXPENDITURES = $149,195 EUROPE (INCLUDING ICELAND AND GREENLAND): INVESTMENTS = $1,740,840,858 EXPENDITURES = $48,854,589 NORTH AMERICA (CANADA AND MEXICO ONLY): INVESTMENTS = $703,116,499 EXPENDITURES = $8,262,938 SOUTH ASIA: INVESTMENTS = $0 EXPENDITURES = $17,831 SOUTH AMERICA: INVESTMENTS = $0 EXPENDITURES = $4,824 SUB-SAHARAN AFRICA: INVESTMENTS = $192,191,454 EXPENDITURES = $568,753
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1



SCHEDULE G (Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.


(i) Name and address of individual
or entity (fundraiser)
(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity
(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i)
(vi) Amount paid to
(or retained by)
organization
Yes No
             
             
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow      
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.




VerticalRevenue
(a) Event #1

2024 Football Assn Golf Outing
(event type)
(b) Event #2

Norfolk Gala
(event type)
(c) Other events

12
(total number)
(d) Total events
(add col. (a) through col. (c))

1

Gross receipts . . . . .

151,710

65,962

232,342

450,014

2

Less: Contributions . . . .

100,024

45,350

45,810

191,184
3 Gross income (line 1 minus
line 2) . . . . . .

51,686

20,612

186,532

258,830



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . . 6,425   11,295 17,720
6 Rent/facility costs . . . . 34,575   21,163 55,738
7 Food and beverages . . . 25,852 6,534 235,905 268,291
8 Entertainment . . . .   1,508   1,508
9 Other direct expenses . . . 13,007 12,254 15,974 41,235
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 384,492
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow -125,662
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo
(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1

Gross revenue . . . . .

 

 

 

 
VerticalDirectExpenses

2

Cash prizes . . . . .

 

 

 

 

3

Noncash prizes . . . .

 

 

 

 

4

Rent/facility costs . . . .

 

 

 

 

5

Other direct expenses . . .

 

 

 

 


6


Volunteer labor . . . .
%
%
%


7

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

 

8

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
YesNo
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
YesNo
b
If "Yes," explain:
 
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
YesNo
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
YesNo
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.
Return Reference Explanation
Schedule G (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1

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Schedule I
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
Yale University
 
Employer identification number
06-0646973
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government
(b) EIN (c) IRC section
(if applicable)
(d) Amount of cash grant (e) Amount of non-cash
assistance
(f) Method of valuation
(book, FMV, appraisal,
other)
(g) Description of
noncash assistance
(h) Purpose of grant
or assistance
(1) ADVENTHEALTH ORLANDO
601 EAST ROLLINS STREET
ORLANDO,FL328031248
59-0724459 501(C)(3) 40,727       SEE PART IV
(2) AERODYNE RESEARCH INC
45 MANNING ROAD
BILLERICA,MA01821
04-2471226   29,482       SEE PART IV
(3) ALAMEDA HEALTH SYSTEM
PO BOX 45730
SAN FRANCISCO,CA941450730
94-3302014 STATE OF CA 1,655,271       SEE PART IV
(4) ALBERT EINSTEIN COLLEGE OF MEDICINE
1300 MORRIS PARK AVENUE
BRONX,NY10461
83-0621846 501(C)(3) 82,612       SEE PART IV
(5) ALLIANCE FOR LIVING INC
154 BROAD STREET
NEW LONDON,CT06320
06-1245514 501(C)(3) 15,603       SEE PART IV
(6) AMERICAN COLLEGE OF EMERGENCY PHYSICIANS
PO BOX 619911
DALLAS,TX75261
38-1888798 501(C)(6) 184,591       SEE PART IV
(7) AMERICAN INSTITUTES FOR RESEARCH IN THE BEHAVIORAL SCIENCES
1400 CRYSTAL DRIVE 10TH FLOOR
ARLINGTON,VA22202
25-0965219 501(C)(3) 432,439       SEE PART IV
(8) AMERICAN NATIONAL RED CROSS
431 18TH STREET NW
WASHINGTON,DC20006
53-0196605 501(C)(3) 358,117       SEE PART IV
(9) AMERICAN TYPE CULTURE COLLECTION
10801 UNIVERSITY BLVD
MANASSAS,VA201102209
53-0196548 501(C)(3) 156,213       SEE PART IV
(10) AMERICAN UNIVERSITY
4400 MASSACHUSETTS AVENUE NW
WASHINGTON,DC200168065
53-0196549 501(C)(3) 26,378       SEE PART IV
(11) APPALACHIAN STATE UNIVERSITY
438 ACADEMY STREET
BOONE,NC28608
56-1176030 STATE OF NC 7,408       SEE PART IV
(12) APT FOUNDATION INC
ONE LONG WHARF DRIVE
NEW HAVEN,CT06511
23-7061218 501(C)(3) 506,639       SUBAWARD - SPONSORED RESEARCH
(13) ARIZONA STATE UNIVERSITY
PO BOX 876011
TEMPE,AZ852876011
86-0196696 STATE OF AZ 300,341       SUBAWARD - SPONSORED RESEARCH
(14) ARKANSAS CHILDREN'S RESEARCH INSTITUTE
13 CHILDRENS WAY
LITTLE ROCK,AR72202
71-0694931 501(C)(3) 6,160       SUBAWARD - SPONSORED RESEARCH
(15) BANNER HEALTH
901 E WILLETTA STREET
PHOENIX,AZ85006
45-0233470 501(C)(3) 162,183       SUBAWARD - SPONSORED RESEARCH
(16) BARNARD COLLEGE
3009 BROADWAY
NEW YORK,NY10027
13-1628149 501(C)(3) 37,724       SUBAWARD - SPONSORED RESEARCH
(17) BAYER HEALTHCARE LLC
800 NORTH LINDBERGH BLVD
SAINT LOUIS,MO63167
06-1653795   21,360       SUBAWARD - SPONSORED RESEARCH
(18) BAYLOR COLLEGE OF MEDICINE
ONE BAYLOR PLAZA
HOUSTON,TX77030
74-1613878 501(C)(3) 431,484       SUBAWARD - SPONSORED RESEARCH
(19) BAYLOR RESEARCH INSTITUTE
301 N WASHINGTON AVENUE
DALLAS,TX75246
75-1921898 501(C)(3) 52,654       SUBAWARD - SPONSORED RESEARCH
(20) BAYSTATE MEDICAL CENTER INC
759 CHESTNUT STREET
SPRINGFIELD,MA01199
04-2790311 501(C)(3) 137,004       SUBAWARD - SPONSORED RESEARCH
(21) BENAROYA RESEARCH INSTITUTE AT VIRGINIA MASON
1201 NINTH AVENUE
SEATTLE,WA981012795
91-0653422 501(C)(3) 59,567       SUBAWARD - SPONSORED RESEARCH
(22) BETH ISRAEL DEACONESS MEDICAL CENTER INC
330 BROOKLINE AVENUE
BOSTON,MA02215
04-2103881 501(C)(3) 766,769       SUBAWARD - SPONSORED RESEARCH
(23) BOARD OF REGENTS NEVADA SYSTEM OF HIGHER EDUCATION
1664 N VIRGINIA STREET
RENO,NV89557
88-6000024 STATE OF NV 127,393       SUBAWARD - SPONSORED RESEARCH
(24) BOISE STATE UNIVERSITY
1910 UNIVERSITY DRIVE
BOISE,ID837251247
82-0290701 STATE OF ID 27,520       SUBAWARD - SPONSORED RESEARCH
(25) BOSTON CHILDREN'S HOSPITAL
PO BOX 414413
BOSTON,MA022414413
04-2774441 501(C)(3) 3,611,092       SUBAWARD - SPONSORED RESEARCH
(26) BOSTON MEDICAL CENTER CORPORATION
960 MASSACHUSETTS AVENUE
BOSTON,MA02118
04-3314093 501(C)(3) 885,704       SUBAWARD - SPONSORED RESEARCH
(27) BRIDGES HEALTHCARE INC
949 BRIDGEPORT AVENUE
MILFORD,CT06460
06-0867978 501(C)(3) 280,608       SUBAWARD - SPONSORED RESEARCH
(28) BRIMROSE CORPORATION OF AMERICA
19 LOVETON CIRCLE
SPARKS,MD21152
52-1210230   113,643       SUBAWARD - SPONSORED RESEARCH
(29) BROWN UNIVERSITY
69 BROWN STREET 2ND FLOOR
PROVIDENCE,RI02912
05-0258809 501(C)(3) 521,976       SUBAWARD - SPONSORED RESEARCH
(30) C4 INNOVATIONS LLC
405 WALTHAM STREET
LEXINGTON,MA02421
87-0763049   106,801       SUBAWARD - SPONSORED RESEARCH
(31) CALIFORNIA INSTITUTE OF TECHNOLOGY
1200 EAST CALIFORNIA BLVD
PASADENA,CA91125
95-1643307 501(C)(3) 443,092       SUBAWARD - SPONSORED RESEARCH
(32) CARNEGIE MELLON UNIVERSITY
5000 FORBES AVENUE
PITTSBURGH,PA15213
25-0969449 501(C)(3) 5,180       SUBAWARD - SPONSORED RESEARCH
(33) CARY INSTITUTE OF ECOSYSTEM STUDIES INC
PO BOX AB
MILLBROOK,NY12545
22-3232968 501(C)(3) 88,394       SUBAWARD - SPONSORED RESEARCH
(34) CASE WESTERN RESERVE UNIVERSITY
10900 EUCLID AVENUE
CLEVELAND,OH441067037
34-1018992 501(C)(3) 323,985       SUBAWARD - SPONSORED RESEARCH
(35) CEDARS-SINAI MEDICAL CENTER
6500 WILSHIRE SUITE 1150
LOS ANGELES,CA90048
95-1644600 501(C)(3) 560,067       SUBAWARD - SPONSORED RESEARCH
(36) CENTER FOR PROGRESSIVE RECOVERY
234 CHURCH STREET SUITE 301
NEW HAVEN,CT06510
46-4950987   69,897       SUBAWARD - SPONSORED RESEARCH
(37) CHILDREN'S HOSPITAL LOS ANGELES
4650 SUNSET BOULEVARD
LOS ANGELES,CA90027
95-1690977 501(C)(3) 796,921       SUBAWARD - SPONSORED RESEARCH
(38) CHILDREN'S HOSPITAL MEDICAL CENTER
3333 BURNET AVENUE
CINCINNATI,OH452293039
31-0833936 501(C)(3) 347,701       SUBAWARD - SPONSORED RESEARCH
(39) CHILDREN'S RESEARCH INSTITUTE
111 MICHIGAN AVENUE NW
WASHINGTON,DC20010
52-1654453 501(C)(3) 524,720       SUBAWARD - SPONSORED RESEARCH
(40) CHOOSE HEALTHY LIFE
528 SEVEN BRIDGE ROAD SUITE 129
EAST STROUDSBURG,PA18301
86-2604241 501(C)(3) 149,500       SUBAWARD - SPONSORED RESEARCH
(41) CICATELLI ASSOCIATES INC
505 EIGHTH AVENUE 19TH FLOOR
NEW YORK,NY10018
13-3020576 501(C)(3) 126,947       SUBAWARD - SPONSORED RESEARCH
(42) CIENCIA PUERTO RICO INC

 
 
66-0911980 501(C)(3) 239,885       SUBAWARD - SPONSORED RESEARCH
(43) CITIZENS CAMPAIGN FUND FOR THE ENVIRONMENT INC
225 A MAIN STREET
FARMINGDALE,NY11735
11-2983418 501(C)(3) 22,000       SUBAWARD - SPONSORED RESEARCH
(44) CLIFFORD BEERS COMMUNITY CARE CENER INC
93 EDWARDS STREET
NEW HAVEN,CT06511
06-0646757 501(C)(3) 14,997       SUBAWARD - SPONSORED RESEARCH
(45) COLORADO STATE UNIVERSITY
555 S HOWES STREET
FORT COLLINS,CO80523
84-6000545 STATE OF CO 278,244       SUBAWARD - SPONSORED RESEARCH
(46) COMMONSPIRIT HEALTH RESEARCH INSTITUTE
198 INVERNESS DRIVE WEST
ENGLEWOOD,CO80112
27-1050565 501(C)(3) 60,323       SUBAWARD - SPONSORED RESEARCH
(47) COMMUNITY ACTION AGENCY OF NEW HAVEN INC
419 WHALLEY AVENUE
NEW HAVEN,CT06511
06-0979507 501(C)(3) 149,500       SUBAWARD - SPONSORED RESEARCH
(48) COMMUNITY EDUCATION GROUP INC
110 WHISPERING PINES WAY
LOST CITY,WV26810
52-1853388 501(C)(3) 100,000       SUBAWARD - SPONSORED RESEARCH
(49) CONNECTICUT HARM REDUCTION ALLIANCE INC
28 GRAND STREET
HARTFORD,CT06106
47-4312705 501(C)(3) 31,421       SUBAWARD - SPONSORED RESEARCH
(50) CONTINUUM OF CARE INC
109 LEGION AVENUE
NEW HAVEN,CT06519
06-0836524 501(C)(3) 1,085,909       SUBAWARD - SPONSORED RESEARCH
(51) CORNELL UNIVERSITY
377 PINE TREE ROAD
ITHACA,NY14850
15-0532082 501(C)(3) 877,833       SUBAWARD - SPONSORED RESEARCH
(52) CURE CMD
3217 CARSON STREET
LAKEWOOD,CA90712
26-2640975 501(C)(3) 14,391       SUBAWARD - SPONSORED RESEARCH
(53) CYTOASTRA LLC
11912 KANIS ROAD SUITE F6
LITTLE ROCK,AR722113771
81-3656746   127,671       SUBAWARD - SPONSORED RESEARCH
(54) DALLAS VA RESEARCH CORPORATION
4500 S LANCASTER RD
BLDG 43 SUITE 124
DALLAS,TX75216
75-2329831 501(C)(3) 5,204       SUBAWARD - SPONSORED RESEARCH
(55) DANA-FARBER CANCER INSTITUTE INC
PO BOX 412846
BOSTON,MA022412846
04-2263040 501(C)(3) 1,003,686       SUBAWARD - SPONSORED RESEARCH
(56) DARTMOUTH-HITCHCOCK CLINIC
ONE MEDICAL CENTER DRIVE
LEBANON,NH03756
22-2519596 501(C)(3) 95,830       SUBAWARD - SPONSORED RESEARCH
(57) DUKE UNIVERSITY
2200 W MAIN STREET SUITE 300
DURHAM,NC27705
56-0532129 501(C)(3) 2,277,990       SUBAWARD - SPONSORED RESEARCH
(58) EAST CAROLINA UNIVERSITY
209 EAST 5TH STREET
GREENVILLE,NC278584353
56-6000403 STATE OF NC 15,459       SUBAWARD - SPONSORED RESEARCH
(59) EDTOGETHER INC
65 COMMONWEALTH AVENUE
BOSTON,MA02116
81-2550548 501(C)(3) 47,437       SUBAWARD - SPONSORED RESEARCH
(60) EMERSON HEALTH FOUNDATION INC
11787 ANTIETAM ROAD
WOODBRIDGE,VA22192
82-3684696 501(C)(3) 200,000       SUBAWARD - SPONSORED RESEARCH
(61) EMMANUEL COLLEGE
400 FENWAY
BOSTON,MA02115
04-2105769 501(C)(3) 22,962       SUBAWARD - SPONSORED RESEARCH
(62) EMORY UNIVERSITY
1599 CLIFTON ROAD
ATLANTA,GA30322
58-0566256 501(C)(3) 1,327,629       SUBAWARD - SPONSORED RESEARCH
(63) ENVIRONMENTAL LAW INSTITUTE
1730 M STREET NW SUITE 700
WASHINGTON,DC20036
52-0901863 501(C)(3) 7,918       SUBAWARD - SPONSORED RESEARCH
(64) ESSENTIA INSTITUTE OF RURAL HEALTH
502 E 2ND STREET
DULUTH,MN55805
27-1291124 501(C)(3) 51,237       SUBAWARD - SPONSORED RESEARCH
(65) FAIR HAVEN COMMUNITY HEALTH CLINIC INC
374 GRAND AVENUE
NEW HAVEN,CT06513
06-0883545 501(C)(3) 143,180       SUBAWARD - SPONSORED RESEARCH
(66) FLORIDA INTERNATIONAL UNIVERSITY
11200 SW 8TH STREET
MIAMI,FL33199
65-0177616 STATE OF FL 21,383       SUBAWARD - SPONSORED RESEARCH
(67) FORDHAM UNIVERSITY
441 EAST FORDHAM ROAD
BRONX,NY10458
13-1740451 501(C)(3) 520,425       SUBAWARD - SPONSORED RESEARCH
(68) FOUNDATION FOR ATLANTA VETERANS EDUCATION AND RESEARCH INC
1670 CLAIRMONT ROAD
DECATUR,GA30033
58-1857346 501(C)(3) 24,119       SUBAWARD - SPONSORED RESEARCH
(69) FOX CHASE CANCER CENTER FOUNDATION
333 COTTMAN AVENUE
PHILADELPHIA,PA19111
23-2003072 501(C)(3) 377,571       SUBAWARD - SPONSORED RESEARCH
(70) FRED HUTCHINSON CANCER CENTER
1100 FAIRVIEW AVENUE NORTH
SEATTLE,WA981091024
91-1935159 501(C)(3) 620,390       SUBAWARD - SPONSORED RESEARCH
(71) GE MEDICAL SYSTEMS INFORMATION TECHNOLOGIES INC
8200 W TOWER AVENUE
MILWAUKEE,WI53223
39-1046671   219,837       SUBAWARD - SPONSORED RESEARCH
(72) GEORGE FOX UNIVERSITY
414 N MERIDIAN STREET
NEWBERG,OR97132
93-0386839 501(C)(3) 9,494       SUBAWARD - SPONSORED RESEARCH
(73) GEORGE MASON UNIVERSITY
4400 UNIVERSITY DRIVE
FAIRFAX,VA22030
54-0836354 STATE OF VA 56,721       SUBAWARD - SPONSORED RESEARCH
(74) GEORGETOWN UNIVERSITY
37TH AND O STREETS NW
WASHINGTON,DC20057
53-0196603 501(C)(3) 509,876       SUBAWARD - SPONSORED RESEARCH
(75) GEORGIA TECH RESEARCH CORPORATION
PO BOX 100117
ATLANTA,GA30384
58-0603146 501(C)(3) 525,538       SUBAWARD - SPONSORED RESEARCH
(76) GRIFFIN HOSPITAL
130 DIVISION STREET
DERBY,CT06418
06-0647014 501(C)(3) 187,645       SUBAWARD - SPONSORED RESEARCH
(77) HARTFORD HOSPITAL
80 SEYMOUR STREET
HARTFORD,CT06102
06-0646668 501(C)(3) 1,542,858       SUBAWARD - SPONSORED RESEARCH
(78) HARVARD PILGRIM HEALTH CARE INC
1 WELLNESS WAY
CANTON,MA02021
04-2452600 501(C)(3) 189,422       SUBAWARD - SPONSORED RESEARCH
(79) HEALTH RESEARCH INC
150 BROADWAY SUITE 280
MENANDS,NY12204
14-1402155 501(C)(3) 143,094       SUBAWARD - SPONSORED RESEARCH
(80) HEARTS FOR HEARING FOUNDATION
11500 PORTLAND AVENUE
OKLAHOMA CITY,OK73120
58-2670613 501(C)(3) 204,167       SUBAWARD - SPONSORED RESEARCH
(81) HENNEPIN HEALTHCARE RESEARCH INSTITUTE
701 PARK AVENUE
MINNEAPOLIS,MN55415
41-1677920 501(C)(3) 836,142       SUBAWARD - SPONSORED RESEARCH
(82) HENRY FORD HEALTH SYSTEM
ONE FORD PLACE - 5F
DETROIT,MI48202
38-1357020 501(C)(3) 174,365       SUBAWARD - SPONSORED RESEARCH
(83) HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE
6720A ROCKLEDGE DRIVE SUITE 100
BETHESDA,MD20817
52-1317896 501(C)(3) 138,687       SUBAWARD - SPONSORED RESEARCH
(84) HISPANIC HEALTH COUNCIL INC
175 MAIN STREET
HARTFORD,CT06106
06-1018979 501(C)(3) 49,168       SUBAWARD - SPONSORED RESEARCH
(85) HUGO W MOSER RESEARCH INSTITUTE AT KENNEDY KRIEGER INC
707 N BROADWAY
BALTIMORE,MD21205
52-1524967 501(C)(3) 89,315       SUBAWARD - SPONSORED RESEARCH
(86) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
ONE GUSTAVE L LEVY PLACE
NEW YORK,NY100296574
13-6171197 501(C)(3) 2,107,463       SUBAWARD - SPONSORED RESEARCH
(87) INDIANA UNIVERSITY
1024 EAST 3RD STREET ROOM 132
BLOOMINGTON,IN47405
35-6001673 STATE OF IN 438,258       SUBAWARD - SPONSORED RESEARCH
(88) INNOVATIONS FOR POVERTY ACTION
1701 RHODE ISLAND AVENUE
NW 4TH FLOOR
WASHINGTON,DC20036
06-1660068 501(C)(3) 160,846       SUBAWARD - SPONSORED RESEARCH
(89) INOVA HEALTH CARE SERVICES
8095 INNOVATION PARK DRIVE
FAIRFAX,VA22031
54-0620889 501(C)(3) 76,334       SUBAWARD - SPONSORED RESEARCH
(90) INSTITUTE FOR COMMUNITY RESEARCH INC
2 HARTFORD SQUARE W SUITE 100
146 WYLLYS STREET
HARTFORD,CT06106
06-0653116 501(C)(3) 14,770       SUBAWARD - SPONSORED RESEARCH
(91) INSTITUTE FOR INTERNATIONAL HEALTH AND EDUCATION IIHE
5955 VANALDEN AVENUE
TARZANA,CA91356
82-4205681   128,845       SUBAWARD - SPONSORED RESEARCH
(92) INTERCOMMUNITY INC
800 CONNECTICUT BLVD 4TH FLOOR
EAST HARTFORD,CT06108
06-0954809 501(C)(3) 67,314       SUBAWARD - SPONSORED RESEARCH
(93) INVICRO LLC
119 FOURTH AVENUE
NEEDHAM,MA02494
26-3404955   54,891       SUBAWARD - SPONSORED RESEARCH
(94) JOHNS HOPKINS UNIVERSITY
3910 KESWICK ROAD
BALTIMORE,MD21211
52-0595110 501(C)(3) 1,384,006       SUBAWARD - SPONSORED RESEARCH
(95) JUSTLEADERSHIPUSA INC
PO BOX 1730
NEW YORK,NY10037
90-1019268 501(C)(3) 109,852       SUBAWARD - SPONSORED RESEARCH
(96) KAISER FOUNDATION HOSPITALS
1800 HARRISON STREET 16TH FLOOR
OAKLAND,CA946123433
94-1105628 501(C)(3) 1,118,184       SUBAWARD - SPONSORED RESEARCH
(97) LA JOLLA INSTITUTE FOR IMMUNOLOGY
9420 ATHENA CIRCLE
LA JOLLA,CA92037
33-0328688 501(C)(3) 133,106       SUBAWARD - SPONSORED RESEARCH
(98) LATHAM BIOPHARM GROUP INC
6810 DEERPATH ROAD SUITE 405
ELKRIDGE,MD21075
04-3382742   52,157       SUBAWARD - SPONSORED RESEARCH
(99) LIBERATION PROGRAMS INC
339 WEST AVENUE
BRIDGEPORT,CT06604
06-0867006 501(C)(3) 199,143       SUBAWARD - SPONSORED RESEARCH
(100) LIBERTY UNIVERSITY INC
PO BOX 10425
LYNCHBURG,VA245069900
54-0946734 501(C)(3) 16,467       SUBAWARD - SPONSORED RESEARCH
(101) LODESTONE BIOMEDICAL LLC
10 WATER STREET SUITE 265
LEBANON,NH03766
47-2187055   50,000       SUBAWARD - SPONSORED RESEARCH
(102) LONG ISLAND UNIVERSITY
700 NORTHERN BLVD
BROOKVILLE,NY70808
11-1633516 501(C)(3) 60,926       SUBAWARD - SPONSORED RESEARCH
(103) LOUISIANA STATE UNIVERSITY AND A&M COLLEGE
6400 PERKINS ROAD
BATON ROUGE,LA70808
72-6000848 STATE OF LA 80,012       SUBAWARD - SPONSORED RESEARCH
(104) MAINEHEALTH
22 BRAMHALL STREET
PORTLAND,ME04102
01-0238552 501(C)(3) 454,588       SUBAWARD - SPONSORED RESEARCH
(105) MARSHALL UNIVERSITY RESEARCH CORPORATION
ONE JOHN MARSHALL DRIVE
HUNTINGTON,WV25755
55-0683361 501(C)(3) 176,334       SUBAWARD - SPONSORED RESEARCH
(106) MASSACHUSETTS GENERAL HOSPITAL
55 FRUIT STREET
BOSTON,MA02114
04-2697983 501(C)(3) 2,910,442       SUBAWARD - SPONSORED RESEARCH
(107) MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUE
CAMBRIDGE,MA021394307
04-2103594 501(C)(3) 320,379       SUBAWARD - SPONSORED RESEARCH
(108) MAYO CLINIC
PO BOX 4007
ROCHESTER,MN559034007
41-6011702 501(C)(3) 2,857,317       SUBAWARD - SPONSORED RESEARCH
(109) MAYO CLINIC JACKSONVILLE
200 1ST STREET SW CO CORPORATE TA
ROCHESTER,MN55905
59-3337028 501(C)(3) 339,101       SUBAWARD - SPONSORED RESEARCH
(110) MCLEAN HOSPITAL CORPORATION
115 MILL STREET
BELMONT,MA02478
04-2697981 501(C)(3) 1,665,952       SUBAWARD - SPONSORED RESEARCH
(111) MEDICAL UNIVERSITY OF SOUTH CAROLINA
1 SOUTH PARK CIRCLE
CHARLESTON,SC29407
57-6000722 STATE OF SC 874,867       SUBAWARD - SPONSORED RESEARCH
(112) MEMORIAL SLOAN-KETTERING CANCER CENTER
PO BOX 27084
NEW YORK,NY10087
13-1924236 501(C)(3) 67,605       SUBAWARD - SPONSORED RESEARCH
(113) METIS FOUNDATION
84 NORTHEAST LOOP 410 SUITE 325
SAN ANTONIO,TX78216
47-2219464 501(C)(3) 125,175       SUBAWARD - SPONSORED RESEARCH
(114) MIAMI UNIVERSITY
501 HIGH STREET 107 ROUDEBUSH
OXFORD,OH45056
31-6402089 501(C)(3) 39,042       SUBAWARD - SPONSORED RESEARCH
(115) MICHIGAN STATE UNIVERSITY
426 AUDITORIUM ROAD
EAST LANSING,MI48824
38-6005984 STATE OF MI 501,277       SUBAWARD - SPONSORED RESEARCH
(116) MICROVIDE LLC
143 STEPPINGSTONE WAY
CENTRAL,SC29630
26-4388720   31,967       SUBAWARD - SPONSORED RESEARCH
(117) MONTANA STATE UNIVERSITY
PO BOX 172470
BOZEMAN,MT597172470
81-6010045 STATE OF MT 11,941       SUBAWARD - SPONSORED RESEARCH
(118) MOOD INSTITUTE PLLC
472 WHEELER FARM ROAD SUITE 306
MILFORD,CT06461
83-2512623   16,455       SUBAWARD - SPONSORED RESEARCH
(119) MOREHOUSE SCHOOL OF MEDICINE
720 WESTVIEW DRIVE SW
ATLANTA,GA303101495
58-1438873 501(C)(3) 1,557,959       SUBAWARD - SPONSORED RESEARCH
(120) NATIONAL ACADEMY OF SCIENCES
500 5TH STREET NW
WASHINGTON,DC200012736
53-0196932 501(C)(3) 479,590       SUBAWARD - SPONSORED RESEARCH
(121) NATIONAL ASSOCIATION OF STATE EMS OFFICIALS
201 PARK WASHINGTON COURT
FALLS CHURCH,VA22046
83-0257548 501(C)(3) 116,023       SUBAWARD - SPONSORED RESEARCH
(122) NATIONAL CHILDREN'S ALLIANCE INC
921 PENNSYLVANIA AVENUE
WASHINGTON,DC20003
63-1044781 501(C)(3) 8,470       SUBAWARD - SPONSORED RESEARCH
(123) NATIONAL HISPANIC HEALTH FOUNDATION
1516 U STREET NW
WASHINGTON,DC20009
26-0051902 501(C)(3) 100,000       SUBAWARD - SPONSORED RESEARCH
(124) NATIONAL HISPANIC MEDICAL ASSOCIATION
1920 L STREET NW
WASHINGTON,DC20036
52-1884446 501(C)(6) 100,000       SUBAWARD - SPONSORED RESEARCH
(125) NATIONAL INSTITUTES OF HEALTH DHHS
PO BOX 5801
BETHESDA,MD20824
52-0858115 FEDERAL GOVT 112,151       SUBAWARD - SPONSORED RESEARCH
(126) NEW YORK MEDICAL COLLEGE
40 SUNSHINE COTTAGE ROAD
VALHALLA,NY10595
13-1099420 501(C)(3) 6,924       SUBAWARD - SPONSORED RESEARCH
(127) NEW YORK STEM CELL FOUNDATION INC
619 W 54TH STREET 3RD FLOOR
NEW YORK,NY10019
20-2905531 501(C)(3) 255,627       SUBAWARD - SPONSORED RESEARCH
(128) NEW YORK UNIVERSITY
PO BOX 5166
NEW YORK,NY10087
13-5562308 501(C)(3) 1,430,857       SUBAWARD - SPONSORED RESEARCH
(129) NORTH CAROLINA STATE UNIVERSITY
CAMPUS BOX 7214
RALEIGH,NC276957214
56-6000756 STATE OF NC 23,201       SUBAWARD - SPONSORED RESEARCH
(130) NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVENUE
BOSTON,MA02115
04-1679980 501(C)(3) 381,677       SUBAWARD - SPONSORED RESEARCH
(131) NORTHERN ARIZONA UNIVERSITY
600 S KNOLES DRIVE
FLAGSTAFF,AZ86011
74-2579628 STATE OF AZ 238,572       SUBAWARD - SPONSORED RESEARCH
(132) NORTHERN CALIFORNIA INSTITUTE FOR RESEARCH AND EDUCATION INC
4150 CLEMENT STREET
SAN FRANCISCO,CA94121
94-3084159 501(C)(3) 699,774       SUBAWARD - SPONSORED RESEARCH
(133) NORTHWESTERN UNIVERSITY
633 CLARK STREET
EVANSTON,IL60208
36-2167817 501(C)(3) 1,300,536       SUBAWARD - SPONSORED RESEARCH
(134) NYAYA HEALTH
99 WALL STREET
NEW YORK,NY10005
20-3055055 501(C)(3) 114,836       SUBAWARD - SPONSORED RESEARCH
(135) OREGON HEALTH & SCIENCE UNIVERSITY
PO BOX 3003
PORTLAND,OR972083003
93-1176109 STATE OF OR 25,704       SUBAWARD - SPONSORED RESEARCH
(136) PORTLAND STATE UNIVERSITY
PO BOX 751
PORTLAND,OR97207
36-4776757 STATE OF OR 35,739       SUBAWARD - SPONSORED RESEARCH
(137) PRESIDENT AND FELLOWS OF HARVARD COLLEGE
1033 MASSACHUSETTS AVENUE
CAMBRIDGE,MA02138
04-2103580 501(C)(3) 2,200,431       SUBAWARD - SPONSORED RESEARCH
(138) PRINCETON UNIVERSITY
701 CARNEGIE CENTER
PRINCETON,NJ08540
21-0634501 501(C)(3) 797,253       SUBAWARD - SPONSORED RESEARCH
(139) PRISMA HEALTH-UPSTATE
300 EAST MCBEE AVENUE SUITE 302
GREENVILLE,SC29601
81-1723202 501(C)(3) 32,631       SUBAWARD - SPONSORED RESEARCH
(140) PROJECT ACCESS OF NEW HAVEN INC
PO BOX 9293
NEW HAVEN,CT06533
26-4379967 501(C)(3) 10,324       SUBAWARD - SPONSORED RESEARCH
(141) PUERTO RICO CONSORTIUM FOR CLINICAL INVESTIGATION

 
 
66-0856773 501(C)(3) 212,871       SUBAWARD - SPONSORED RESEARCH
(142) PURDUE UNIVERSITY
2550 NORTHWESTERN AVENUE SUITE 1100
WEST LAFAYETTE,IN47906
35-6002041 501(C)(3) 226,789       SUBAWARD - SPONSORED RESEARCH
(143) RAND CORPORATION
PO BOX 2138
SANTA MONICA,CA904072138
95-1958142 501(C)(3) 31,145       SUBAWARD - SPONSORED RESEARCH
(144) RANDOLPH-MACON COLLEGE
PO BOX 5005
ASHLAND,VA23005
54-0505940 501(C)(3) 21,591       SUBAWARD - SPONSORED RESEARCH
(145) RECOVERY NETWORK OF PROGRAMS INC
2 TRAP FALLS ROAD SUITE 405
SHELTON,CT064844606
06-0910080 501(C)(3) 22,517       SUBAWARD - SPONSORED RESEARCH
(146) REGENTS OF THE UNIVERSITY OF MICHIGAN
3003 S STATE STREET
5082 WOLVERINE TWR
ANN ARBOR,MI48109
38-6006309 501(C)(3) 760,445       SUBAWARD - SPONSORED RESEARCH
(147) REGENTS OF THE UNIVERSITY OF MINNESOTA
PO BOX 1450
MINNEAPOLIS,MN554855957
41-6007513 STATE OF MN 546,825       SUBAWARD - SPONSORED RESEARCH
(148) RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
230 WEST 41ST STREET
NEW YORK,NY10036
13-1988190 501(C)(3) 463,037       SUBAWARD - SPONSORED RESEARCH
(149) RESEARCH TRIANGLE INSTITUTE
PO BOX 12194
RESEARCH TRIANGLE PARK,NC277092194
56-0686338 501(C)(3) 27,081       SUBAWARD - SPONSORED RESEARCH
(150) RHODE ISLAND HOSPITAL
167 POINT STREET
PROVIDENCE,RI02903
05-0258954 501(C)(3) 138,266       SUBAWARD - SPONSORED RESEARCH
(151) ROCHESTER INSTITUTE OF TECHNOLOGY
25 LOMB MEMORIAL DRIVE
ROCHESTER,NY146235603
16-0743140 501(C)(3) 66,030       SUBAWARD - SPONSORED RESEARCH
(152) RTX TECHNOLOGY RESEARCH CENTER
411 SILVER LANE
EAST HARTFORD,CT06118
06-0570975   28,357       SUBAWARD - SPONSORED RESEARCH
(153) RUSH UNIVERSITY MEDICAL CENTER
1700 W VAN BUREN STREET SUITE 277
CHICAGO,IL60612
36-2174823 501(C)(3) 52,139       SUBAWARD - SPONSORED RESEARCH
(154) RUTGERS BIOMEDICAL AND HEALTH SCIENCES
33 KNIGHTSBRIDGE ROAD ROOM C281
PISCATAWAY,NJ08854
46-2354111 STATE OF NJ 38,245       SUBAWARD - SPONSORED RESEARCH
(155) RUTGERS THE STATE UNIVERSITY
33 KNIGHTSBRIDGE ROAD
PISCATAWAY,NJ08854
22-6001086 STATE OF NJ 693,647       SUBAWARD - SPONSORED RESEARCH
(156) SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION
210 N FOURTH STREET 4TH FLOOR
SAN JOSE,CA951125569
94-6017638 501(C)(3) 47,373       SUBAWARD - SPONSORED RESEARCH
(157) SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE
10901 NORTH TORREY PINES ROAD
LA JOLLA,CA92037
51-0197108 501(C)(3) 277,884       SUBAWARD - SPONSORED RESEARCH
(158) SCIENCE COMMUNICATION LAB INC
767 41ST STREET
OAKLAND,CA94609
47-2404616 501(C)(3) 220,305       SUBAWARD - SPONSORED RESEARCH
(159) SEATTLE CHILDREN'S HOSPITAL
PO BOX 24728
SEATTLE,WA981240728
91-0564748 501(C)(3) 922,349       SUBAWARD - SPONSORED RESEARCH
(160) SENTARA HEALTH
800 INDEPENDENCE BLVD
VIRGINIA BEACH,VA23455
52-1271901 501(C)(3) 731,824       SUBAWARD - SPONSORED RESEARCH
(161) SIA PARTNERS US INC
6810 DEERPATH ROAD SUITE 405
ELKRIDGE,MD210756214
74-3243189   370,893       SUBAWARD - SPONSORED RESEARCH
(162) SIEMENS MEDICAL SOLUTIONS USA INC
2501 NORTH BARRINGTON ROAD
HOFFMAN ESTATES,IL60195
22-2417778   20,063       SUBAWARD - SPONSORED RESEARCH
(163) SMOKEY HOUSE CENTER
426 DANBY MOUNTAIN ROAD
DANBY,VT05739
03-0269539 501(C)(3) 47,479       SUBAWARD - SPONSORED RESEARCH
(164) SOUTH DAKOTA STATE UNIVERSITY
BOX 2201
BROOKINGS,SD57007
46-6000364 STATE OF SD 22,148       SUBAWARD - SPONSORED RESEARCH
(165) ST JUDE CHILDREN'S RESEARCH HOSPITAL INC
PO BOX 1000
MEMPHIS,TN381480949
62-0646012 501(C)(3) 447,190       SUBAWARD - SPONSORED RESEARCH
(166) ST VINCENT DE PAUL PLACE NORWICH INC
120 CLIFF STREET
NORWICH,CT06360
37-1639042 501(C)(3) 7,685       SUBAWARD - SPONSORED RESEARCH
(167) STANFORD UNIVERSITY
485 BROADWAY MAIL CODE 8838
REDWOOD CITY,CA94063
94-1156365 501(C)(3) 1,946,488       SUBAWARD - SPONSORED RESEARCH
(168) STANLEY STREET TREATMENT & RESOURCES INC
386 STANLEY STREET
FALL RIVER,MA02720
04-2604426 501(C)(3) 100,120       SUBAWARD - SPONSORED RESEARCH
(169) STATE OF CONNECTICUT
410 CAPITOL AVENUE
HARTFORD,CT061340308
06-6000798 501(C)(3) 300,000       SUBAWARD - SPONSORED RESEARCH
(170) STATE UNIVERSITY OF IOWA
201 S CLINTON STREET
IOWA CITY,IA52242
42-6004813 STATE OF IA 53,420       SUBAWARD - SPONSORED RESEARCH
(171) SYRACUSE UNIVERSITY
119 BOWNE HALL
SYRACUSE,NY132441140
15-0532081 501(C)(3) 12,373       SUBAWARD - SPONSORED RESEARCH
(172) TEACHERS COLLEGE COLUMBIA UNIVERSITY
525 WEST 120TH STREET BOX 30
NEW YORK,NY10027
13-1624202 501(C)(3) 125,330       SUBAWARD - SPONSORED RESEARCH
(173) TELADOC HEALTH INC
DEPT 3417 PO BOX 123417
DALLAS,TX75312
04-3705970   65,997       SUBAWARD - SPONSORED RESEARCH
(174) TEMPLE UNIVERSITY
1805 NORTH BROAD WACHMAN HALL 1108
PHILADELPHIA,PA191226094
23-1365971 501(C)(3) 820,477       SUBAWARD - SPONSORED RESEARCH
(175) TEXAS A & M UNIVERSITY
400 HARVEY MITCHELL PKWY SOUTH
SUITE 300
COLLEGE STATION,TX778454375
74-6000531 STATE OF TX 61,118       SUBAWARD - SPONSORED RESEARCH
(176) TEXAS A&M ENGINEERING EXPERIMENT STATION
400 HARVEY MITCHELL PKWY SOUTH
SUITE 300
COLLEGE STATION,TX778454375
74-1974733 STATE OF TX 36,691       SUBAWARD - SPONSORED RESEARCH
(177) TEXAS BIOMEDICAL RESEARCH INSTITUTE
8715 W MILITARY DRIVE
SAN ANTONIO,TX78227
74-1109630 501(C)(3) 51,682       SUBAWARD - SPONSORED RESEARCH
(178) TEXAS CHRISTIAN UNIVERSITY
TCU BOX 297041
FORT WORTH,TX76129
75-0827465 501(C)(3) 425,132       SUBAWARD - SPONSORED RESEARCH
(179) THE BALM IN GILEAD INC
1001 BOULDERS PARKWAY Suite 510
RICHMOND,VA23225
13-3696064 501(C)(3) 100,000       SUBAWARD - SPONSORED RESEARCH
(180) THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA
500 UNIVERSITY BLVD
TUSCALOOSA,AL35401
63-6001138 501(C)(3) 98,520       SUBAWARD - SPONSORED RESEARCH
(181) THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS
506 S WRIGHT STREET
URBANA,IL61801
37-6000511 501(C)(3) 94,212       SUBAWARD - SPONSORED RESEARCH
(182) THE BRIGHAM AND WOMEN'S HOSPITAL INC
PO BOX 3887
BOSTON,MA022413887
04-2312909 501(C)(3) 2,066,081       SUBAWARD - SPONSORED RESEARCH
(183) THE BROAD INSTITUTE INC
415 MAIN STREET
CAMBRIDGE,MA02142
26-3428781 501(C)(2) 1,004,608       SUBAWARD - SPONSORED RESEARCH
(184) THE CHILDREN'S HOSPITAL OF PHILADELPHIA
3401 CIVIC CENTER BOULEVARD
PHILADELPHIA,PA191044388
23-1352166 501(C)(3) 464,730       SUBAWARD - SPONSORED RESEARCH
(185) THE CLEVELAND CLINIC FOUNDATION
PO BOX 931562
CLEVELAND,OH44193
34-0714585 501(C)(3) 99,805       SUBAWARD - SPONSORED RESEARCH
(186) THE CONNECTICUT AGRICULTURAL EXPERIMENT STATION
123 HUNTINGTON STREET
NEW HAVEN,CT06511
46-3092102 STATE OF CT 357,945       SUBAWARD - SPONSORED RESEARCH
(187) THE COOPER HEALTH SYSTEM A NEW JERSEY NON-PROFIT CORPORATION
1 FEDERAL STREET SUITE NW400A
CAMDEN,NJ08103
21-0634462 501(C)(3) 327,815       SUBAWARD - SPONSORED RESEARCH
(188) THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH
972 BRUSH HOLLOW ROAD 5TH FLOOR
WESTBURY,NY11590
11-2673595 501(C)(3) 1,952,276       SUBAWARD - SPONSORED RESEARCH
(189) THE GEORGE WASHINGTON UNIVERSITY
44983 KNOLL SQUARE 203
ASHBURN,VA20147
53-0196584 501(C)(3) 186,514       SUBAWARD - SPONSORED RESEARCH
(190) THE HOWARD UNIVERSITY
2400 6TH STREET NW
WASHINGTON,DC20059
53-0204707 501(C)(3) 42,165       SUBAWARD - SPONSORED RESEARCH
(191) THE HUDSON CARBON RESEARCH FOUNDATION INC
67 PINE WOOD ROAD
HUDSON,NY12534
85-4324015 501(C)(3) 78,393       SUBAWARD - SPONSORED RESEARCH
(192) THE J DAVID GLADSTONE INSTITUTES
1650 OWENS STREET
SAN FRANCISCO,CA94158
23-7203666 501(C)(3) 82,183       SUBAWARD - SPONSORED RESEARCH
(193) THE JACKSON LABORATORY
600 MAIN STREET
BAR HARBOR,ME04609
01-0211513 501(C)(3) 66,830       SUBAWARD - SPONSORED RESEARCH
(194) THE JOHN B PIERCE LABORATORY INC
290 CONGRESS AVENUE
NEW HAVEN,CT06519
06-0646780 501(C)(3) 28,528       SUBAWARD - SPONSORED RESEARCH
(195) THE LIEBER INSTITUTE INC
855 N WOLFE STREET SUITE 300
BALTIMORE,MD21205
26-3690883 501(C)(3) 185,182       SUBAWARD - SPONSORED RESEARCH
(196) THE MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC
100 BIGELOW STREET
HOLYOKE,MA01040
27-3014805 501(C)(3) 11,126       SUBAWARD - SPONSORED RESEARCH
(197) THE MEDICAL COLLEGE OF WISCONSIN INC
8701 WATERTOWN PLANK ROAD
MILWAUKEE,WI53226
39-0806261 501(C)(3) 16,740       SUBAWARD - SPONSORED RESEARCH
(198) THE METHODIST HOSPITAL RESEARCH INSTITUTE
PO BOX 4805
HOUSTON,TX772104805
87-0721923 501(C)(3) 717,084       SUBAWARD - SPONSORED RESEARCH
(199) THE MIRIAM HOSPITAL
167 POINT STREET
PROVIDENCE,RI029034771
05-0258905 501(C)(3) 17,976       SUBAWARD - SPONSORED RESEARCH
(200) THE NEMOURS FOUNDATION
10140 CENTURION PARKWAY NORTH
JACKSONVILLE,FL32256
59-0634433 501(C)(3) 69,541       SUBAWARD - SPONSORED RESEARCH
(201) THE OHIO STATE UNIVERSITY
901 WOODY HAYES DRIVE
COLUMBUS,OH43210
31-6025986 STATE OF OH 647,322       SUBAWARD - SPONSORED RESEARCH
(202) THE PENNSYLVANIA STATE UNIVERSITY
500 UNIVERSITY DRIVE PO BOX 850
HERSHEY,PA17033
24-6000376 STATE OF PA 257,312       SUBAWARD - SPONSORED RESEARCH
(203) THE REGENTS OF THE UNIVERSITY OF COLORADO
PO BOX 910238
DENVER,CO802910238
84-6000555 501(C)(3) 835,577       SUBAWARD - SPONSORED RESEARCH
(204) THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK
PO BOX 9
ALBANY,NY122010009
14-1368361 501(C)(3) 904,317       SUBAWARD - SPONSORED RESEARCH
(205) THE SALK INSTITUTE FOR BIOLOGICAL STUDIES
10010 N TORREY PINES ROAD
LA JOLLA,CA92037
95-2160097 501(C)(3) 101,563       SUBAWARD - SPONSORED RESEARCH
(206) THE SCRIPPS RESEARCH INSTITUTE
10550 NORTH TORREY PINES ROAD
LA JOLLA,CA92037
33-0435954 501(C)(3) 250,622       SUBAWARD - SPONSORED RESEARCH
(207) THE TRANSLATIONAL GENOMICS RESEARCH INSTITUTE
445 NORTH FIFTH STREET SUITE 600
PHOENIX,AZ85004
75-3065445 501(C)(3) 270,495       SUBAWARD - SPONSORED RESEARCH
(208) THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
BOX 29789
NEW YORK,NY100879789
13-5598093 501(C)(3) 2,396,871       SUBAWARD - SPONSORED RESEARCH
(209) THE UNIVERSITY OF AKRON
302 BUCHTEL COMMON
AKRON,OH44325
34-6002924 STATE OF OH 36,976       SUBAWARD - SPONSORED RESEARCH
(210) THE UNIVERSITY OF ARIZONA
PO BOX 41867
TUCSON,AZ85717
74-2652689 STATE OF AZ 461,498       SUBAWARD - SPONSORED RESEARCH
(211) THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE
9201 UNIVERISTY CITY BLVD
CHARLOTTE,NC28223
56-0791228 STATE OF NC 26,616       SUBAWARD - SPONSORED RESEARCH
(212) THE UNIVERSITY OF RHODE ISLAND
70 LOWER COLLEGE ROAD
KINGSTON,RI028810811
22-3011455 STATE OF RI 235,065       SUBAWARD - SPONSORED RESEARCH
(213) THE UNIVERSITY OF SOUTH CAROLINA
1600 HAMPTON STREET SUITE 612
COLUMBIA,SC29208
57-6001153 STATE OF SC 25,714       SUBAWARD - SPONSORED RESEARCH
(214) THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON
7000 FANNIN STREET
HOUSTON,TX77030
74-1761309 STATE OF TX 1,408,651       SUBAWARD - SPONSORED RESEARCH
(215) THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
1515 HOLCOMBE BOULEVARD
HOUSTON,TX770304009
74-6001118 STATE OF TX 224,668       SUBAWARD - SPONSORED RESEARCH
(216) THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER
PO BOX 841765
DALLAS,TX752841765
75-6002868 STATE OF TX 1,783,900       SUBAWARD - SPONSORED RESEARCH
(217) THE URBAN ASSEMBLY INC
90 BROAD STREET SUITE 2101
NEW YORK,NY10004
11-0332039 501(C)(3) 290,313       SUBAWARD - SPONSORED RESEARCH
(218) THE WISTAR INSTITUTE OF ANATOMY AND BIOLOGY
3601 SPRUCE STREET
PHILADELPHIA,PA19104
23-6434390 501(C)(3) 376,463       SUBAWARD - SPONSORED RESEARCH
(219) THOMAS JEFFERSON UNIVERSITY
1101 MARKET STREET 29TH FLOOR
PHILADELPHIA,PA19107
23-1352651 501(C)(3) 299,788       SUBAWARD - SPONSORED RESEARCH
(220) TOTAL DIVERSITY CLINICAL TRIAL MANAGEMENT LLC
3232 MCKINNEY AVENUE SUITE 715
DALLAS,TX75204
87-3713689   35,000       SUBAWARD - SPONSORED RESEARCH
(221) TRAJECTORY OF HOPE LLC
PO BOX 45124
LOS ANGELES,CA90045
83-0709336   433,769       SUBAWARD - SPONSORED RESEARCH
(222) TRIAD NATIONAL SECURITY LLC
PO BOX 1663
LOS ALAMOS,NM87545
82-3291283   320,268       SUBAWARD - SPONSORED RESEARCH
(223) TRUSTEES OF BOSTON COLLEGE
140 COMMONWEALTH AVENUE
CHESTNUT HILL,MA024673800
04-2103545 501(C)(3) 36,836       SUBAWARD - SPONSORED RESEARCH
(224) TRUSTEES OF BOSTON UNIVERSITY
881 COMMONWEALTH AVENUE 4TH FLOOR
BOSTON,MA02215
04-2103547 501(C)(3) 1,359,339       SUBAWARD - SPONSORED RESEARCH
(225) TRUSTEES OF DARTMOUTH COLLEGE
11 ROPE FERRY ROAD
HANOVER,NH037551404
02-0222111 501(C)(3) 193,974       SUBAWARD - SPONSORED RESEARCH
(226) TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
PO BOX 785541
PHILADELPHIA,PA191785541
23-1352685 501(C)(3) 2,761,334       SUBAWARD - SPONSORED RESEARCH
(227) TUFTS UNIVERSITY
80 GEORGE STREET
MEDFORD,MA02155
04-2103634 501(C)(3) 133,423       SUBAWARD - SPONSORED RESEARCH
(228) UIH AMERICA INC
9230 KIRBY DRIVE SUITE 600
HOUSTON,TX77054
46-2408342   344,192       SUBAWARD - SPONSORED RESEARCH
(229) UNIVERSIDAD CENTRAL DEL CARIBE

 
 
66-0349669 501(C)(3) 29,091       SUBAWARD - SPONSORED RESEARCH
(230) UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER
11100 EUCLID AVENUE
CLEVELAND,OH44106
34-1567805 501(C)(3) 14,662       SUBAWARD - SPONSORED RESEARCH
(231) UNIVERSITY OF ALABAMA AT BIRMINGHAM
1720 SECOND AVENUE S
BIRMINGHAM,AL35233
63-6005396 STATE OF AL 1,250,344       SUBAWARD - SPONSORED RESEARCH
(232) UNIVERSITY OF ALASKA
PO BOX 757880
FAIRBANKS,AK997757880
92-6000147 501(C)(3) 11,558       SUBAWARD - SPONSORED RESEARCH
(233) UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES
4301 W MARKHAM STREET
LITTLE ROCK,AR72205
71-6046242 STATE OF AR 49,668       SUBAWARD - SPONSORED RESEARCH
(234) UNIVERSITY OF CALIFORNIA BERKELEY
119 CALIFORNIA HALL 1102
BERKELEY,CA94720
94-6002123 501(C)(3) 925,439       SUBAWARD - SPONSORED RESEARCH
(235) UNIVERSITY OF CALIFORNIA DAVIS
ONE SHELDS AVENUE
DAVIS,CA95616
94-6036494 501(C)(3) 1,669,924       SUBAWARD - SPONSORED RESEARCH
(236) UNIVERSITY OF CALIFORNIA IRVINE
120 THEORY SUITE 200
IRVINE,CA926971050
95-2226406 501(C)(3) 1,020,561       SUBAWARD - SPONSORED RESEARCH
(237) UNIVERSITY OF CALIFORNIA LOS ANGELES
405 HILGARD AVENUE
LOS ANGELES,CA900959000
95-6006143 501(C)(3) 1,872,568       SUBAWARD - SPONSORED RESEARCH
(238) UNIVERSITY OF CALIFORNIA RIVERSIDE
900 UNIVERSITY AVENUE
RIVERSIDE,CA92521
95-6006142 501(C)(3) 293,141       SUBAWARD - SPONSORED RESEARCH
(239) UNIVERSITY OF CALIFORNIA SAN DIEGO
9500 GILMAN DRIVE
LA JOLLA,CA92093
95-6006144 501(C)(3) 8,554,704       SUBAWARD - SPONSORED RESEARCH
(240) UNIVERSITY OF CALIFORNIA SAN FRANCISCO
1855 FOLSOM STREET SUITE 425
SAN FRANCISCO,CA94143
94-6036493 501(C)(3) 2,920,916       SUBAWARD - SPONSORED RESEARCH
(241) UNIVERSITY OF CALIFORNIA SANTA BARBARA
SAASB BUILDING ROOM 1212
SANTA BARBARA,CA931062003
95-6006145 501(C)(3) 368,356       SUBAWARD - SPONSORED RESEARCH
(242) UNIVERSITY OF CHICAGO
6054 SOUTH DREXEL AVENUE SUITE 300
CHICAGO,IL60637
36-2177139 501(C)(3) 915,197       SUBAWARD - SPONSORED RESEARCH
(243) UNIVERSITY OF CINCINNATI
51 GOODMAN DRIVE
CINCINNATI,OH452210641
31-6000989 STATE OF OH 2,687,586       SUBAWARD - SPONSORED RESEARCH
(244) UNIVERSITY OF CONNECTICUT
438 WHITNEY AVENUE
STORRS,CT062691133
06-0772160 STATE OF CT 472,668       SUBAWARD - SPONSORED RESEARCH
(245) UNIVERSITY OF CONNECTICUT HEALTH
263 FARMINGTON AVENUE
FARMINGTON,CT06030
52-1725543 STATE OF CT 711,309       SUBAWARD - SPONSORED RESEARCH
(246) UNIVERSITY OF DELAWARE
550 S COLLEGE AVENUE
NEWARK,DE19716
51-6000297 501(C)(3) 139,706       SUBAWARD - SPONSORED RESEARCH
(247) UNIVERSITY OF DENVER
PO BOX 911811
DENVER,CO802911811
84-0404231 501(C)(3) 224,497       SUBAWARD - SPONSORED RESEARCH
(248) UNIVERSITY OF FLORIDA
PO BOX 113201
GAINESVILLE,FL326113201
59-6002052 501(C)(3) 794,598       SUBAWARD - SPONSORED RESEARCH
(249) UNIVERSITY OF GEORGIA RESEARCH FOUNDATION INC
310 EAST CAMPUS ROAD
ATHENS,GA30602
58-1353149 501(C)(3) 664,536       SUBAWARD - SPONSORED RESEARCH
(250) UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE
3901 RAINBOW BLVD
KANSAS CITY,KS66160
48-1108830 501(C)(3) 261,862       SUBAWARD - SPONSORED RESEARCH
(251) UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION
301 PETERSON SERVICE BUILDING
LEXINGTON,KY40506
61-6033693 501(C)(3) 91,097       SUBAWARD - SPONSORED RESEARCH
(252) UNIVERSITY OF LOUISVILLE
300 EAST MARKET STREET SUITE 300
LOUISVILLE,KY402021959
61-1014882 STATE OF KY 14,085       SUBAWARD - SPONSORED RESEARCH
(253) UNIVERSITY OF MARYLAND
7809 REGENTS DRIVE
COLLEGE PARK,MD20742
52-6002033 STATE OF MD 462,529       SUBAWARD - SPONSORED RESEARCH
(254) UNIVERSITY OF MASSACHUSETTS
500 WASHINGTON STREET SUITE 3000
WESTBOROUGH,MA01582
04-3167352 STATE OF MA 1,803,063       SUBAWARD - SPONSORED RESEARCH
(255) UNIVERSITY OF MIAMI
PO BOX 248106
CORAL GABLES,FL331242912
59-0624458 501(C)(3) 945,334       SUBAWARD - SPONSORED RESEARCH
(256) UNIVERSITY OF MISSOURI - KANSAS CITY
PO BOX 807012
KANSAS CITY,MO641807012
43-6003859 STATE OF MO 408,356       SUBAWARD - SPONSORED RESEARCH
(257) UNIVERSITY OF NEBRASKA BOARD OF REGENTS
985045 NEBRASKA MEDICAL CENTER
OMAHA,NE681985045
47-0049123 501(C)(3) 269,796       SUBAWARD - SPONSORED RESEARCH
(258) UNIVERSITY OF NEW MEXICO
1 UNIVERSITY OF NEW MEXICO
ALBUQUERQUE,NM871310001
85-6000642 STATE OF NM 408,876       SUBAWARD - SPONSORED RESEARCH
(259) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
104 AIRPORT DRIVE
CHAPEL HILL,NC275991270
56-6001393 501(C)(3) 1,346,379       SUBAWARD - SPONSORED RESEARCH
(260) UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER
865 RESEARCH PARKWAY SUITE 530
OKLAHOMA CITY,OK731043609
73-1563627 STATE OF OK 632,113       SUBAWARD - SPONSORED RESEARCH
(261) UNIVERSITY OF OREGON
PO BOX 3237
EUGENE,OR97403
46-4727800 STATE OF OR 786,411       SUBAWARD - SPONSORED RESEARCH
(262) UNIVERSITY OF PITTSBURGH
PO BOX 640458
PITTSBURGH,PA15264
25-0965591 501(C)(3) 2,196,012       SUBAWARD - SPONSORED RESEARCH
(263) UNIVERSITY OF PUERTO RICO

 
 
66-0433760 PUERTO RICO 515,554       SUBAWARD - SPONSORED RESEARCH
(264) UNIVERSITY OF RICHMOND
118 UR DRIVE FOUNTAIN HALL ROOM 105
RICHMOND,VA23173
54-0505965 501(C)(3) 26,536       SUBAWARD - SPONSORED RESEARCH
(265) UNIVERSITY OF ROCHESTER
910 GENESEE STREET SUITE 200
ROCHESTER,NY14611
16-0743209 501(C)(3) 432,140       SUBAWARD - SPONSORED RESEARCH
(266) UNIVERSITY OF SOUTH FLORIDA
4202 E FOWLER AVENUE
TAMPA,FL33620
59-3102112 STATE OF FL 174,734       SUBAWARD - SPONSORED RESEARCH
(267) UNIVERSITY OF SOUTHERN CALIFORNIA
3500 SOUTH FIGUEROA ST SUITE 102
LOS ANGELES,CA900898001
95-1642394 501(C)(3) 1,066,480       SUBAWARD - SPONSORED RESEARCH
(268) UNIVERSITY OF TEXAS AT AUSTIN
110 INNER CAMPUS DRIVE
AUSTIN,TX78712
74-6000203 STATE OF TX 511,069       SUBAWARD - SPONSORED RESEARCH
(269) UNIVERSITY OF UTAH
201 SOUTH PRESIDENTS CIRCLE
SALT LAKE CITY,UT841129020
87-6000525 501(C)(3) 606,930       SUBAWARD - SPONSORED RESEARCH
(270) UNIVERSITY OF VIRGINIA
PO BOX 400195
CHARLOTTESVILLE,VA229044195
54-6001796 501(C)(3) 258,514       SUBAWARD - SPONSORED RESEARCH
(271) UNIVERSITY OF WASHINGTON
4300 ROOSEVELT WAY
SEATTLE,WA98105
91-6001537 STATE OF WA 902,756       SUBAWARD - SPONSORED RESEARCH
(272) UNIVERSITY OF WISCONSIN SYSTEM
21 N PARK STREET
MADISON,WI537151218
39-6006492 STATE OF WI 851,312       SUBAWARD - SPONSORED RESEARCH
(273) URBAN COMMUNITY ALLIANCE INC
446A BLAKE STREET
NEW HAVEN,CT06515
06-1324343 501(C)(3) 215,257       SUBAWARD - SPONSORED RESEARCH
(274) URBAN LEAGUE OF SOUTHERN CT INC
136 SHERMAN AVENUE SUITE 104
NEW HAVEN,CT06511
06-0856692 501(C)(3) 288,282       SUBAWARD - SPONSORED RESEARCH
(275) URBAN MARKETING NETWORK LLC
847 WOODIN STREET
HAMDEN,CT06514
80-0609859   120,000       SUBAWARD - SPONSORED RESEARCH
(276) UT-BATTELLE LLC
PO BOX 2008
OAK RIDGE,TN37831
62-1788235   138,155       SUBAWARD - SPONSORED RESEARCH
(277) VA CONNECTICUT RESEARCH AND EDUCATION FOUNDATION
950 CAMPBELL AVENUE
WEST HAVEN,CT06516
20-2206467 501(C)(3) 818,753       SUBAWARD - SPONSORED RESEARCH
(278) VAN ANDEL RESEARCH INSTITUTE
333 BOSTWICK AVENUE NE
GRAND RAPIDS,MI49503
52-2000823 501(C)(3) 589,027       SUBAWARD - SPONSORED RESEARCH
(279) VANDERBILT UNIVERSITY
2301 VANDERBILT PLACE
NASHVILLE,TN37240
62-0476822 501(C)(3) 502,578       SUBAWARD - SPONSORED RESEARCH
(280) VANDERBILT UNIVERSITY MEDICAL CENTER
1161 21ST AVENUE SOUTH
NASHVILLE,TN37232
35-2528741 501(C)(3) 1,902,474       SUBAWARD - SPONSORED RESEARCH
(281) VETERANS EDUCATION AND RESEARCH ASSOCIATION OF NORTHERN NEW ENGLAND INC
PO BOX 4655
WHITE RIVER JUNCTION,VT05001
22-3091219 501(C)(3) 33,949       SUBAWARD - SPONSORED RESEARCH
(282) VILLANOVA UNIVERSITY
800 LANCASTER AVENUE
VILLANOVA,PA19085
23-1352688 501(C)(3) 75,148       SUBAWARD - SPONSORED RESEARCH
(283) VIRGINIA COMMONWEALTH UNIVERSITY
800 EAST LEIGH STREET SUITE 3100
RICHMOND,VA232983039
54-6001758 STATE OF VA 128,204       SUBAWARD - SPONSORED RESEARCH
(284) VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY
300 TURNER STREET NW
BLACKSBURG,VA24061
54-6001805 STATE OF VA 135,391       SUBAWARD - SPONSORED RESEARCH
(285) VISAGE IMAGING INC
12625 HIGH BLUFF DRIVE SUITE 205
SAN DIEGO,CA92130
37-1551308   93,182       SUBAWARD - SPONSORED RESEARCH
(286) W MONTAGUE COBB NMA HEALTH INSTITUTE
1050 CONNECTICUT AVENUE NW
5TH FLOOR
WASHINGTON,DC20036
26-2652958 501(C)(3) 100,000       SUBAWARD - SPONSORED RESEARCH
(287) WAKE FOREST UNIVERSITY HEALTH SCIENCES
MEDICAL CENTER BOULEVARD
WINSTONSALEM,NC27157
22-3849199 501(C)(3) 1,323,411       SUBAWARD - SPONSORED RESEARCH
(288) WASHINGTON STATE UNIVERSITY
PO BOX 641025
PULLMAN,WA991641025
91-6001108 501(C)(3) 527,053       SUBAWARD - SPONSORED RESEARCH
(289) WASHINGTON UNIVERSITY
7425 FORSYTH BLVD
ST LOUIS,MO63105
43-0653611 501(C)(3) 2,621,902       SUBAWARD - SPONSORED RESEARCH
(290) WAYNE STATE UNIVERSITY
5700 CASS AVENUE
DETROIT,MI48202
38-6028429 501(C)(3) 20,576       SUBAWARD - SPONSORED RESEARCH
(291) WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY
PO BOX 22371
NEW YORK,NY100872371
13-1623978 501(C)(3) 1,733,452       SUBAWARD - SPONSORED RESEARCH
(292) WESLEYAN UNIVERSITY
55 HIGH STREET
MIDDLETOWN,CT06457
06-0646959 501(C)(3) 131,474       SUBAWARD - SPONSORED RESEARCH
(293) WEST CHESTER UNIVERSITY OF PENNSYLVANIA
25 UNIVERSITY AVENUE SUITE 50
WEST CHESTER,PA19383
23-2417773 STATE OF PA 147,105       SUBAWARD - SPONSORED RESEARCH
(294) WEST VIRGINIA PRIMARY CARE ASSOCIATION INC
1700 MACCORKLE AVENUE SE
CHARLESTON,WV25314
55-0656229 501(C)(3) 26,295       SUBAWARD - SPONSORED RESEARCH
(295) WEST VIRGINIA UNIVERSITY
ONE WATERFRONT PLACE PO BOX 6005
MORGANTOWN,WV26506
55-6000842 STATE OF WV 359,661       SUBAWARD - SPONSORED RESEARCH
(296) WESTERN MICHIGAN UNIVERSITY HOMER STRYKER MD SCHOOL OF MEDICINE
PO BOX 50391
KALAMAZOO,MI49005
45-4135256 501(C)(3) 9,882       SUBAWARD - SPONSORED RESEARCH
(297) WESTERN NEW YORK CONFERENCE AME ZION CHURCH NED
8369 GOVERNOR GRAYSON WAY
ELLICOTT CITY,MD210433450
47-3657491   200,000       SUBAWARD - SPONSORED RESEARCH
(298) WESTERN UNIVERSITY OF HEALTH SCIENCES
309 E SECOND STREET
POMONA,CA91766
95-3127273 501(C)(3) 23,213       SUBAWARD - SPONSORED RESEARCH
(299) WHOLESOME WAVE INC
PO BOX 3968
BRIDGEPORT,CT06605
26-0352899 501(C)(3) 39,432       SUBAWARD - SPONSORED RESEARCH
(300) WOMEN & INFANTS HOSPITAL OF RI
350 DUNCAN DRIVE
PROVIDENCE,RI02906
05-0258937 501(C)(3) 9,825       SUBAWARD - SPONSORED RESEARCH
(301) WOODWELL CLIMATE RESEARCH CENTER INC
149 WOODS HOLE ROAD
FALMOUTH,MA02540
04-3005094 501(C)(3) 28,283       SUBAWARD - SPONSORED RESEARCH
(302) YALE NEW HAVEN HEALTH SERVICES CORPORATION
789 HOWARD AVENUE
NEW HAVEN,CT06519
22-2529464 501(C)(3) 9,914       SUBAWARD - SPONSORED RESEARCH
(303) WONDERLAND EDUCATIONAL ESTATE ASSOCIATION
5807 CALHOUN ROAD
HOUSTON,TX77021
76-0152632 501(C)(3) 250,000       DAF DISTRIBUTION
(304) YALE NEW HAVEN HOSPITAL
20 YORK STREET
NEW HAVEN,CT06504
06-0646652 501(C)(3) 14,308,657       DAF DISTRIBUTION
(305) ACHIEVEMENT FIRST INC
470 JAMES STREET 007
NEW HAVEN,CT06513
65-1203744 501(C)(3) 100,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(306) AMERICAN CANCER SOCIETY INC
270 PEACHTREE ST NW 1300
ATLANTA,GA303031246
13-1788491 501(C)(3) 10,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(307) AMERICAN HEART ASSOCIATION INC
7272 GREENVILLE AVENUE
DALLAS,TX75231
13-5613797 501(C)(3) 10,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(308) AMERICAN MUSEUM OF NATURAL HISTORY
CENTRAL PARK WEST AT 79TH STREET
NEW YORK,NY10024
13-6162659 501(C)(3) 10,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(309) AURELIAN HONOR SOCIETY INC
206 ELM STREET
NEW HAVEN,CT06511
06-6071632 501(C)(3) 24,215       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(310) BUCKLEY INSTITUTE INC
265 CHURCH STREET SUITE 404
NEW HAVEN,CT06510
27-5131268 501(C)(3) 58,344       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(311) CARBON CONTAINMENT LAB
83-87 AUDUBON STREET
NEW HAVEN,CT06510
93-4853247 501(C)(3) 457,082       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(312) CHRISTIAN COMMUNITY ACTION INC
168 DAVENPORT AVENUE
NEW HAVEN,CT06519
06-0841885 501(C)(3) 6,258       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(313) CITY OF NEW HAVEN
165 CHURCH STREET
NEW HAVEN,CT06510
06-6001876 State of CT 16,700       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(314) CITY SEED INC
162 JAMES ST
NEW HAVEN,CT06513
83-0397621 501(C)(3) 12,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(315) CLIMATEHAVEN INC
770 CHAPEL STREET
NEW HAVEN,CT06510
92-0306841 501(C)(3) 250,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(316) COMMUNITY ACTION AGENCY OF NEW HAVEN INC
419 WHALLEY AVENUE
NEW HAVEN,CT06511
06-0979507 501(C)(3) 3,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(317) CONNECTICUT INNOVATIONS INCORPORATED
470 JAMES STREET SUITE 8
NEW HAVEN,CT06513
06-1423798 State of CT 100,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(318) CURE (CONNECTICUT UNITED FOR RESEARCH EXCELLENCE)
93 SHENNECOSSETT RD
GROTON,CT06340
06-1304212 501(C)(3) 7,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(319) DOWNTOWN EVENING SOUP KITCHEN INC
PO BOX 1478
NEW HAVEN,CT065061478
22-2985448 501(C)(3) 6,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(320) DWIGHT HALL AT YALE
PO BOX 209008
NEW HAVEN,CT065209008
06-0653140 501(C)(3) 104,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(321) ECONOMETRIC SOCIETY INC
30 HILLHOUSE AVENUE
NEW HAVEN,CT06511
32-0402835 501(C)(3) 30,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(322) ELM CITY FREDDY FIXER PARADE COMMITTEE
157 STARR ST
NEW HAVEN,CT06511
81-1795328 501(C)(3) 6,400       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(323) FAIR HAVEN COMMUNITY HEALTH CLINIC INC
374 GRAND AVENUE
NEW HAVEN,CT06513
06-0883545 501(C)(3) 37,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(324) FELLOWSHIP PLACE INC
441 ELM STREET
NEW HAVEN,CT06511
06-0947027 501(C)(3) 8,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(325) GOVERNOR'S PARTNERSHIP TO PROTECT CONNECTICUT'S WORKFORCE INC
361 MAIN STREET 201
EAST HARTFORD,CT06118
06-1275193 501(C)(3) 10,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(326) GREATER DWIGHT DEVELOPMENT CORPORATION
230 EDGEWOOD AVENUE
NEW HAVEN,CT06511
06-1414605 501(C)(3) 6,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(327) JOSEPH SLIFKA CENTER FOR JEWISH LIFE AT YALE
80 WALL STREET
NEW HAVEN,CT06511
06-1257354 501(C)(3) 349,602       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(328) LEADERSHIP EDUCATION AND ATHLETICS IN PARTNERSHIP INC
31 JEFFERSON STREET
NEW HAVEN,CT06511
22-2906547 501(C)(3) 12,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(329) MARKET NEW HAVEN INC
157 Church Street 19th Floor
NEW HAVEN,CT06510
06-1578847 501(C)(6) 343,750       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(330) MORGAN STATE UNIVERSITY
1700 EAST COLD SPRING LANE
BALTIMORE,MD21251
52-6002033 State of MD 82,980       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(331) NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE
1329 CHAPEL STREET
NEW HAVEN,CT06511
06-6099313 501(C)(4) 11,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(332) NEW HAVEN INTERNATIONAL FESTIVAL OF ARTS & IDEAS INC
195 CHURCH STREET 12TH FLOOR
NEW HAVEN,CT06510
06-1444222 501(C)(3) 233,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(333) NEW HAVEN PROMISE INC
28 LINCOLN WAY
NEW HAVEN,CT06510
81-1267064 501(C)(3) 4,559,905       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(334) NEW HAVEN ROAD RACE INC
48 PALMER RD
BRANFORD,CT06405
06-0986632 501(C)(3) 8,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(335) NEW HAVEN SYMPHONY ORCHESTRA INC
4 HAMILTON STREET
NEW HAVEN,CT06511
06-6000592 501(C)(3) 10,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(336) NEW HAVEN WORKS INC
205 WHITNEY AVENUE 106
NEW HAVEN,CT06511
46-2662124 501(C)(3) 161,616       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(337) NEW HYTES INC
PO BOX 2928
NEW HAVEN,CT06515
27-0772846 501(C)(3) 40,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(338) NEW REACH INC
269 PECK STREET
NEW HAVEN,CT06513
22-3037451 501(C)(3) 6,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(339) NEW YORK ACADEMY OF SCIENCES
115 BROADWAY 8TH FLOOR
NEW YORK,NY10006
13-1773640 501(C)(3) 12,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(340) NEW YORK UNIVERSITY
105 EAST 17TH STREET 4TH FLOOR
NEW YORK,NY100039580
13-5562308 501(C)(3) 10,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(341) NORTH CAROLINA AGRICULTURAL AND TECHNICAL STATE UNIVERSITY
1601 EAST MARKET STREET
GREENBORO,NC27411
56-6000007 State of NC 205,476       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(342) PEDIATRIC ACADEMIC SOCIETIES INC
8000 RESEARCH FOREST DR
THE WOODLANDS,TX77382
83-1173099 501(C)(3) 15,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(343) REGIONAL PLAN ASSOCIATION INC
ONE WHITEHALL STREET 16TH FLOOR
NEW YORK,NY10004
13-1624154 501(C)(3) 27,235       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(344) ROBODOMINATORS FIRST ROBOTICS TEAM 5142 INC
770 CHAPEL STREET 2ND FLOOR
NEW HAVEN,CT06510
99-2740247 501(C)(3) 6,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(345) SHUBERT THEATRE
247 COLLEGE STREET
NEW HAVEN,CT06510
06-1625278 501(C)(3) 10,670       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(346) SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE INC
136 WEST 22ND STREET
NEW YORK,NY10011
01-0263908 501(C)(3) 7,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(347) SMITHSONIAN INSTITUTION
1000 JEFFERSON DR SW
WASHINGTON,DC20560
53-0206027 501(C)(3) 1,500,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(348) SQUASH HAVEN INC
33 DIXWELL AVENUE
NEW HAVEN,CT06511
20-5500876 501(C)(3) 79,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(349) TEACH FOR AMERICA INC
25 BROADWAY 12TH FLOOR
NEW YORK,NY10004
13-3541913 501(c)(3) 100,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(350) THE ACNM FOUNDATION INC
125 MOUNT AUBURN ST 380272
CAMBRIDGE,MA022380272
13-6227462 501(C)(3) 25,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(351) THE AMERICAN PEDIATRIC SOCIETY INC
8000 RESEARCH FOREST DR 115PMB8289
THE WOODLANDS,TX77382
16-6078165 501(C)(3) 7,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(352) THE BREED ACADEMY INC
2 ROYDON ROAD
NEW HAVEN,CT06511
87-2921824 501(C)(3) 10,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(353) THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN
70 AUDUBON STREET
NEW HAVEN,CT06510
06-6032106 501(C)(3) 12,300       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(354) THE GREATER NEW HAVEN CHAMBER OF COMMERCE INC
195 CHURCH STREET 4TH FLOOR
NEW HAVEN,CT065102865
06-0468900 501(C)(6) 10,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(355) THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
80 CLAREMONT AVENUE
4TH FLOOR MC 9620
NEW YORK,NY10027
13-5598093 501(C)(3) 7,500       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(356) THE WREXHAM FOUNDATION INC
BOX 1913 YALE STATION
NEW HAVEN,CT06520
06-0769957 501(C)(3) 88,407       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(357) TUSKEGEE UNIVERSITY
1200 W MONTGOMERY RD
204 KRESGE CENTER
TUSKEGEE,AL36088
63-0288878 501(C)(3) 231,712       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(358) ULYSSES S GRANT FOUNDATION
PO BOX 200082 YALE STATION
NEW HAVEN,CT06520
06-6071625 501(C)(3) 15,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(359) UNITED WAY OF GREATER NEW HAVEN INC
370 JAMES STREET SUITE 403
NEW HAVEN,CT06513
06-0646761 501(C)(3) 187,224       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(360) YALE INTERNATIONAL RELATIONS INC
PO BOX 202144
NEW HAVEN,CT065202144
23-7403870 501(C)(3) 15,408       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(361) YALE UNDERGRADUATE RESEARCH ASSOCIATION
1 PROSPECT ST
NEW HAVEN,CT06511
47-3924880 501(C)(3) 20,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(362) YALE LAW SCHOOL LEARNING CENTER INC
127 WALL STREET
NEW HAVEN,CT06520
06-1214651 501(C)(3) 110,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(363) YALE NEW HAVEN HOSPITAL
20 YORK STREET
NEW HAVEN,CT06504
06-0646652 501(C)(3) 24,970       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
(364) YALE UNIVERSITY DRAMATIC ASSOCIATION INC
PO BOX 209037
NEW HAVEN,CT06520
06-6069930 501(C)(3) 80,000       CHARITABLE CONTRIBUTION AND COMMUNITY SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
328
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
31
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) Rev. 1-2025

Schedule I (Form 990) Rev. 1-2025
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients
(c) Amount of
cash grant
(d) Amount of
noncash assistance
(e) Method of valuation (book,
FMV, appraisal, other)
(f) Description of noncash assistance
(1) STUDENT STIPENDS AND FELLOWSHIPS 7694 135,270,344      
(2) SCHOLARSHIPS 10822   496,417,417 COST TUITION REDUCTION
(3) HEALTH PREMIUM AWARDS 4676   19,314,037 COST HEALTHCARE
(4) PRIZES AND AWARDS 2168 7,446,486      
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
Schedule I, Part II SUBAWARD A SUBAWARD IS AN AWARD OF FINANCIAL SUPPORT FROM THE UNIVERSITY TO A QUALIFIED THIRD PARTY PRIMARILY TO PERFORM RESEARCH AND OTHER RELATED PROGRAMMATIC EFFORTS UNDER A SPONSORED RESEARCH PROJECT.
Schedule I, Part III COLUMN B - NUMBER OF RECIPIENTS THE AMOUNTS REPORTED IN PART III REPRESENT AN ESTIMATE OF TOTAL AWARDS FOR THE FISCAL YEAR ENDED JUNE 30, 2025 BASED ON INFORMATION PROVIDED BY THE UNIVERSITY'S UNDERGRADUATE, GRADUATE AND PROFESSIONAL SCHOOLS. SOME STUDENTS RECEIVED MORE THAN ONE AWARD DURING THE FISCAL YEAR ENDED JUNE 30, 2025.
Schedule I, Part II, Line 1 COLUMN H - PURPOSE OF GRANT OR ASSISTANCE SUBAWARDS - SPONSORED RESEARCH
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds WITH RESPECT TO SPONSORED PROJECT ACTIVITY SUBCONTRACTED TO OTHER ENTITIES, THE UNIVERSITY'S POLICY AND PROCEDURES FOR MONITORING SUB RECIPIENT AWARDS ("SUBAWARDS") ARE INTENDED TO ESTABLISH APPROPRIATE AND EFFECTIVE MECHANISMS TO PROMOTE COMPLIANCE WITH FEDERAL AND NON-FEDERAL REQUIREMENTS AND CONTRACTUAL ARRANGEMENTS, INCLUDING THE PROPER MONITORING AND STEWARDSHIP OF AWARDED FUNDS. PROPER MONITORING OF A SUBAWARD ENSURES THAT AWARDED FUNDS ARE USED FOR AUTHORIZED PURPOSES, PERFORMANCE GOALS ARE MET AND THE SUB RECIPIENT IS IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE SUB RECIPIENT AGREEMENT. SUB RECIPIENT MONITORING PROCEDURES INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING ACTIVITIES: A FORMAL PRE-QUALIFICATION PROCESS FOR SUB RECIPIENTS, PRE-AWARD AND POST-AWARD MONITORING OF SUB RECIPIENTS TO REVIEW THE FINANCIAL STATUS AND MANAGEMENT CONTROLS, COMPLIANCE CERTIFICATIONS, REVIEW OF COMPLIANCE WITH REGULATIONS RELATIVE TO THE USE OF HUMAN SUBJECTS AND ANIMALS, IDENTIFICATION AND REPORTING OF ANY CONFLICT OF INTEREST WITH A SUB RECIPIENT ENTITY, AND A REVIEW OF PERTINENT OTHER ORGANIZATION INFORMATION. IN ACCORDANCE WITH THESE PROCEDURES, THE UNIVERSITY REVIEWS THE SUB RECIPIENT'S ADMINISTRATION, FINANCIAL STATEMENTS, BILLINGS, SCIENTIFIC PROGRESS, TECHNICAL REPORTS, AND DELIVERABLES OF AN ACTIVE SUBAWARD REGULARLY AND CONDUCTS ON-GOING RISK ASSESSMENTS AS WELL AS MONTHLY QUALITY ASSURANCE REVIEWS ON RANDOMLY SELECTED SUBAWARDS. IN ADDITION TO A MONTHLY DEPARTMENTAL REVIEW, THE UNIVERSITY MONITORS A SUB RECIPIENT'S COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE SUBAWARD ANNUALLY AND UPON CLOSEOUT OF THE SUB RECIPIENT AGREEMENT. IF ANY OF THESE MONITORING PROCEDURES RESULT IN FINDINGS, THE UNIVERSITY WILL TAKE CORRECTIVE ACTION AS NECESSARY. THE PROCEDURES SERVE TO ENSURE THAT THE SUBAWARD FUNDS ARE USED FOR PROPER PURPOSES AND NOT DIVERTED FROM THEIR INTENDED USE.
Schedule I (Form 990) Rev. 1-2025



Additional Data


Software ID: 24020961
Software Version: 2024v5.1


Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
Yes
 
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
Yes
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits
(E) Total of columns
(B)(i)-(D)
(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation
(ii) Bonus & incentive
compensation
(iii) Other reportable compensation
1Maurie McInnis
President (effective 7/1/24)
(i)

(ii)
741,567
-------------
0
0
-------------
0
61,881
-------------
0
27,140
-------------
0
59,606
-------------
0
890,194
-------------
0
0
-------------
0
2Pericles Lewis
Former VP for Global Strategy
(i)

(ii)
544,598
-------------
0
0
-------------
0
23,524
-------------
0
38,910
-------------
0
111,182
-------------
0
718,214
-------------
0
0
-------------
0
3Benjamin Polak
Former Provost
(i)

(ii)
490,267
-------------
0
0
-------------
0
23,000
-------------
0
38,910
-------------
0
41,017
-------------
0
593,194
-------------
0
0
-------------
0
4Karen Peart
Former Interim VP for Communications
(i)

(ii)
266,008
-------------
0
0
-------------
0
0
-------------
0
29,738
-------------
0
15,345
-------------
0
311,091
-------------
0
0
-------------
0
5Alexander E Dreier
Sr VP for Institutional Affairs
(i)

(ii)
867,055
-------------
0
0
-------------
0
73,000
-------------
0
38,910
-------------
0
78,392
-------------
0
1,057,357
-------------
0
0
-------------
0
6Jack Michael Bellamy
VP for Facilities, Campus Development & Sustainability
(i)

(ii)
570,635
-------------
0
0
-------------
0
23,000
-------------
0
38,910
-------------
0
2,120
-------------
0
634,665
-------------
0
0
-------------
0
7Jack F Callahan Jr
Sr VP for Operations
(i)

(ii)
882,587
-------------
0
0
-------------
0
0
-------------
0
38,910
-------------
0
51,460
-------------
0
972,957
-------------
0
0
-------------
0
8Joan E O'Neill
VP for Alumni Affairs & Development
(i)

(ii)
797,051
-------------
0
0
-------------
0
79,440
-------------
0
38,910
-------------
0
41,256
-------------
0
956,657
-------------
0
0
-------------
0
9John Barden
VP for Technology and Campus Services
(i)

(ii)
546,863
-------------
0
0
-------------
0
0
-------------
0
38,910
-------------
0
40,968
-------------
0
626,741
-------------
0
0
-------------
0
10John Whelan
VP for HR
(i)

(ii)
444,471
-------------
0
0
-------------
0
24,544
-------------
0
38,910
-------------
0
43,228
-------------
0
551,153
-------------
0
0
-------------
0
11Kimberly M Goff-Crews
Secretary & VP for University Life
(i)

(ii)
531,409
-------------
0
0
-------------
0
23,000
-------------
0
38,910
-------------
0
17,834
-------------
0
611,153
-------------
0
0
-------------
0
12Renee Kopkowski
VP for Communications
(i)

(ii)
416,716
-------------
0
0
-------------
0
66,798
-------------
0
38,910
-------------
0
35,839
-------------
0
558,263
-------------
0
0
-------------
0
13Scott A Strobel
Provost
(i)

(ii)
927,932
-------------
0
200,000
-------------
0
26,038
-------------
0
38,910
-------------
0
28,691
-------------
0
1,221,571
-------------
0
0
-------------
0
14Stephen C Murphy
VP for Finance & CFO
(i)

(ii)
611,970
-------------
0
0
-------------
0
23,000
-------------
0
38,910
-------------
0
116,598
-------------
0
790,478
-------------
0
0
-------------
0
15Robert J Alpern
Former Dean, School of Medicine
(i)

(ii)
332,849
-------------
0
0
-------------
0
23,000
-------------
0
38,910
-------------
0
3,218
-------------
0
397,977
-------------
0
0
-------------
0
16Dean J Takahashi
Former Sr Director, Investments
(i)

(ii)
15,041
-------------
0
0
-------------
0
1,588,454
-------------
0
14,182
-------------
0
32,186
-------------
0
1,649,863
-------------
0
0
-------------
0
17Matthew S T Mendelsohn
Chief Investment Officer
(i)

(ii)
1,009,585
-------------
0
1,703,522
-------------
0
23,000
-------------
0
2,605,577
-------------
0
43,114
-------------
0
5,384,798
-------------
0
345,622
-------------
0
18Nancy J Brown
Dean, School of Medicine
(i)

(ii)
1,160,172
-------------
0
0
-------------
0
43,000
-------------
0
38,910
-------------
0
14,177
-------------
0
1,256,259
-------------
0
0
-------------
0
19Alexander C Banker
Sr Director of Finance
(i)

(ii)
274,501
-------------
0
3,471,799
-------------
0
356,277
-------------
0
38,910
-------------
0
24,702
-------------
0
4,166,189
-------------
0
280,583
-------------
0
20Peter Salovey
President (through 6/30/24)
(i)

(ii)
1,893,876
-------------
0
1,500,000
-------------
0
527,437
-------------
0
38,910
-------------
0
59,134
-------------
0
4,019,357
-------------
0
120,000
-------------
0
21Amelia Chivetta
Managing Director, Investments
(i)

(ii)
719,551
-------------
0
1,119,145
-------------
0
23,390
-------------
0
2,705,662
-------------
0
17,081
-------------
0
4,584,829
-------------
0
0
-------------
0
22Timothy R Sullivan
Sr Director of Private Equity
(i)

(ii)
807,393
-------------
0
1,516,990
-------------
0
23,000
-------------
0
1,782,988
-------------
0
45,054
-------------
0
4,175,425
-------------
0
323,750
-------------
0
23Carrie Abildgaard
Director, Investments
(i)

(ii)
410,635
-------------
0
2,546,859
-------------
0
130,100
-------------
0
38,910
-------------
0
33,724
-------------
0
3,160,228
-------------
0
0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J, Part I, Line 1a First-class or charter travel ON OCCASION DURING THE CALENDAR YEAR 2024, THE UNIVERSITY CHARTERED PRIVATE AIRCRAFT WHEN DEEMED NECESSARY FOR THE CONDUCT OF UNIVERSITY BUSINESS, PURSUANT TO A CORPORATION POLICY. Two OFFICERs TRAVELED ON SUCH FLIGHTS IN 2024 IN ACCORDANCE WITH THE POLICY. UNDER APPLICABLE RULES, AMOUNTS FOR SUCH TRAVEL WERE NOT REPORTED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALs.
Schedule J, Part I, Line 1a Travel for companions The spouses of two officers on occasion accompanied the officers on university business. The primary purpose of the travel was to conduct university business. Under applicable rules, the cost of travel was not required to be reported as taxable compensation to the listed individuals.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Three OFFICERS RECEIVED TAX GROSS-UP PAYMENTS DURING THE CALENDAR YEAR 2024 FOR CERTAIN LIMITED TAXABLE BENEFITS BASED ON THEIR ESTIMATED RELATED TAX OBLIGATIONS. THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALS.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, THE PRESIDENT was REQUIRED TO LIVE ON CAMPUS IN AN APARTMENT WITHIN THE PRESIDENT'S HOUSE. In addition, in his capacity as Dean of Yale College, a former officer is required to live on campus AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE ESTIMATED FAIR MARKET RENTAL VALUE OF THe HOUSING for these individuals IS INCLUDED AS A NONTAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN (D). IN ADDITION, ONE OFFICER RECEIVED A HOUSING ALLOWANCE WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL DURING THE CALENDAR YEAR 2024.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan CERTAIN LISTED PERSONS PARTICIPATED IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS DURING THE CALENDAR YEAR 2024 AS DESCRIBED BELOW: THE UNIVERSITY SUPPLEMENTED the President Emeritus' RETIREMENT INCOME while he was President BY MAKING AN ANNUAL CONTRIBUTION TO A NON-QUALIFIED DEFERRED COMPENSATION PLAN, SUBJECT TO VESTING CONDITIONS BASED ON CONTINUING SERVICE TO THE UNIVERSITY AND ADJUSTED FOR EARNINGS BASED ON POSITIVE PERFORMANCE OF THE ENDOWMENT. A portion of this benefit VESTED IN 2024 AND IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). The university previously awarded a bonus to a former key employee that was taxed in the year awarded and subject to deferred payment with adjustments upward or downward depending on performance of the endowment. The final earnings associated with the previously awarded deferred bonus were paid in 2024 and are reflected in Schedule J, Part II, Column (B)(III).
Schedule J, Part I, Line 7 Non-fixed payments THE UNIVERSITY PAID one key employee and four HIGHLY COMPENSATED EMPLOYEEs BONUSES UNDER A LONG-TERM INCENTIVE COMPENSATION PLAN WHICH PROVIDES FOR DEFERRED VESTING CONTINGENT ON THE PERFORMANCE OF FUTURE SERVICES AND MAY CHANGE UPWARD OR DOWNWARD DEPENDING ON PERFORMANCE OF THE ENDOWMENT PRIOR TO VESTING AND PAYMENT. THE CURRENT YEAR PAYMENT THAT WAS AWARDED IN PREVIOUS YEARS IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). THE AMOUNT AWARDED IN THE CURRENT YEAR BUT SUBJECT TO DEFERRED VESTING IS INCLUDED AS DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN (C).
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception THERE was one key employee WITH RESPECT TO WHOM AMOUNTS WERE REPORTED IN PART VII WHERE THOSE AMOUNTS WERE PAID OR ACCRUED PURSUANT TO A CONTRACT THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGS. SECTION 53.4958-4(A)(3). THE COMPENSATION WAS ALSO APPROVED PURSUANT TO PROCESSES CONSISTENT WITH THE REBUTTABLE PRESUMPTION PROCEDURE DESCRIBED IN REGS. SECTION 53.4958-6(C).
Schedule J, Part I, Line 1a Benefits provided EACH ONE OF THE BENEFITS THAT WAS CHECKED WAS PROVIDED PURSUANT TO A WRITTEN POLICY.
Schedule J, Part II, Column (D) Nontaxable Benefits IN ADDITION TO THE EMPLOYER COST OF HEALTH, DENTAL AND OTHER NONTAXABLE BENEFITS AVAILABLE ON A NONDISCRIMINATORY BASIS, COLUMN (D) INCLUDES AMOUNTS AWARDED AS SCHOLARSHIP GRANTS TO CHILDREN OF EMPLOYEES UNDER THE UNIVERSITY'S NONDISCRIMINATORY QUALIFIED TUITION REDUCTION PLAN COVERING ALL ELIGIBLE FACULTY AND STAFF WITH SIX OR MORE YEARS OF SERVICE.
Schedule J, Part II, Column (F) COMPENSATION REPORTED IN PRIOR FORM 990 THIS AMOUNT IS ALSO INCLUDED IN COLUMN (E). IT IS, THEREFORE, DOUBLE REPORTED IN PART II AND DOES NOT REPRESENT ADDITIONAL COMPENSATION.
Schedule J (Form 990) (Rev. 1-2025)

Additional Data


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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part , line 24a. Provide descriptions,
explanations, and any additional information in Part .
Attach to Form 990.

Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
Yale University
 
Employer identification number
06-0646973
Part
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer
(i) Pool
financing
Yes No Yes No Yes No
A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774LZC2 01-08-2003 250,000,000 SEE PART VI   X   X   X
B STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774UU60 02-24-2010 579,984,034 SEE PART VI   X   X   X
C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YPD3 07-02-2013 100,000,000 SEE PART VI   X   X   X
D STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YRW9 07-23-2014 250,000,000 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YWE3 07-01-2015 300,000,000 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YJ99 07-01-2016 399,995,657 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YX44 06-07-2017 199,998,620 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YX69 06-07-2017 249,989,726 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774Y3D7 12-22-2017 452,759,255 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20775DZU9 05-15-2025 547,455,000 See Part VI   X   X   X
Part
Proceeds
A B C D
1 Amount of bonds retired .................. 125,000,000 247,456,317 0 0
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 252,221,323 580,160,339 100,000,000 250,108,651
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 0
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 252,221,323 490,643,522 0 250,108,651
11 Other spent proceeds ............. 0 89,516,817 100,000,000 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2009 2012 2007 2017
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........
  X X   X     X
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........
  X   X   X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ............... X     X   X   X
3a Are there any management or service contracts that may result in private business use of bond-financed property? ............. X   X   X   X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?   X   X   X   X
c Are there any research agreements that may result in private business use of bond-financed property? ............. X   X   X   X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X   X   X   X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 0 % 0 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0 % 0.6 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 0.6 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. .. 0 % 0 % 0 % 0 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........
X   X   X   X  
Part
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........ X     X X     X
c No rebate due? ......... X   X   X   X  
If "Yes" to line 2c, provide in Part the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X   X  
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
 
 
 
 
 
 
 
c Term of hedge ......... 0 % 0 % 0 % 0 %
d Was the hedge superintegrated? ......   X   X   X   X
e Was the hedge terminated? ........   X   X   X   X
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
 
 
 
 
 
 
 
c Term of GIC ......... 0 % 0 % 0 % 0 %
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........   X   X   X   X
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
Schedule K, Part II, Line 3 PROCEEDS TOTAL PROCEEDS OF ISSUE REPRESENT THE ISSUE PRICE (PART I, COLUMN (E)) PLUS ANY INVESTMENT EARNINGS.
Schedule K, Part III, Line 3b PRIVATE BUSINESS USE DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED ANY MANAGEMENT OR SERVICE CONTRACTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL.
Schedule K, Part III, Line 3d PRIVATE BUSINESS USE DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL.
Schedule K, Part III, Line 4 PRIVATE BUSINESS USE IN CERTAIN CASES, A BOND ISSUE WITH AN ENTRY OF .00% MAY HAVE FINANCED PROPERTY WITH SOME PRIVATE BUSINESS USE. IN EACH OF THESE CASES, THE PRIVATE BUSINESS USE PERCENTAGE OF THE BOND ISSUE WAS LESS THAN 0.05% AS THE AMOUNTS ARE ROUNDED TO THE NEAREST TENTH OF A PERCENTAGE POINT, PURSUANT TO THE INSTRUCTIONS.
Schedule K, Part III, Line 5 PRIVATE BUSINESS USE IN CERTAIN CASES, A BOND ISSUE WITH AN ENTRY OF .00% MAY HAVE FINANCED PROPERTY WITH SOME PRIVATE BUSINESS USE. IN EACH OF THESE CASES, THE PRIVATE BUSINESS USE PERCENTAGE OF THE BOND ISSUE WAS LESS THAN 0.05% AS THE AMOUNTS ARE ROUNDED TO THE NEAREST TENTH OF A PERCENTAGE POINT, PURSUANT TO THE INSTRUCTIONS.
Schedule K, Part III PRIVATE BUSINESS USE, LINES 4-6 CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE WAS A CURRENT REFUNDING OF A PRE-2003 ISSUE; ONLY THE PRIVATE BUSINESS USE PERTAINING TO THE NEW MONEY PORTION OF THE 02/24/10 ISSUE IS REPORTED.
Schedule K, Part III PRIVATE BUSINESS USE, LINES 4-6 CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX69): A PORTION OF THE BOND ISSUE WAS A CURRENT REFUNDING OF A PRE-2003 ISSUE; ONLY THE PRIVATE BUSINESS USE PERTAINING TO THE PORTION OF THE 06/07/17 ISSUE THAT REFUNDED A POST-2002 ISSUE IS REPORTED.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE RELATING TO THE CONSTRUCTION FUND IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT FEBRUARY 24, 2025 WAS NEGATIVE.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 1/8/2003 (CUSIP# 20774LZC2) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 2/24/2010 (CUSIP# 20774UU60) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS, AND TO FULLY REDEEM CHEFA SERIES W BONDS ISSUED 4/2002
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/2/2013 (CUSIP# 20774YPD3) - TO FULLY REDEEM CHEFA SERIES X1 BONDS ISSUED 1/2003
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/23/2014 (CUSIP# 20774YRW9) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/1/2015 (CUSIP# 20774YWE3) - TO FULLY REDEEM CHEFA SERIES Y1, Y2, AND Y3 BONDS ISSUED 10/2005
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/1/2016 (CUSIP# 20774YJ99) - TO FULLY REDEEM CHEFA SERIES Z1 BONDS ISSUED 10/2007
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 6/7/2017 (CUSIP# 20774YX44) - TO FULLY REDEEM CHEFA SERIES Z2 AND Z3 BONDS ISSUED 10/2007
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 6/7/2017 (CUSIP# 20774YX69) - TO FULLY REDEEM CHEFA SERIES T1 AND X3 BONDS ISSUED 11/1997 AND 1/2003, RESPECTIVELY
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 12/22/2017 (CUSIP# 20774Y3D7) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS, AND TO FULLY REDEEM CHEFA SERIES 2010A-2 BONDS ISSUED 2/2010
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 12/22/17 (CUSIP# 20774Y3D7): A PORTION OF THE BOND ISSUE IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT JULY 1, 2023 WAS NEGATIVE.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 01/08/03 (CUSIP# 20774LZC2): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 01/08/2023 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/02/13 (CUSIP# 20774YPD3): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/02/2023 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 7/23/2014 (CUSIP# 20774YRW9): A PORTION OF THE BOND ISSUE IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT JULY 23, 2024 WAS NEGATIVE.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/01/15 (CUSIP# 20774YWE3): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/01/2020 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/01/16 (CUSIP# 20774YJ99): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/01/2021 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX44): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 06/07/2022 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX69): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 06/07/2022 resulted in no liability.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 5/15/2025 (CUSIP# 20775DZU9) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 01/08/2023
Schedule K, Part IV, Line 2c COLUMN B Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 02/24/2025
Schedule K, Part IV, Line 2c COLUMN C Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/02/2023
Schedule K, Part IV, Line 2c COLUMN D Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/23/2024
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2020
Schedule K, Part IV, Line 2c COLUMN B Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2021
Schedule K, Part IV, Line 2c COLUMN C Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 06/07/2022
Schedule K, Part IV, Line 2c COLUMN D Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 06/07/2022
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2023
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part , line 24a. Provide descriptions,
explanations, and any additional information in Part .
Attach to Form 990.

Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
Yale University
 
Employer identification number
06-0646973
Part
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer
(i) Pool
financing
Yes No Yes No Yes No
A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774LZC2 01-08-2003 250,000,000 SEE PART VI   X   X   X
B STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774UU60 02-24-2010 579,984,034 SEE PART VI   X   X   X
C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YPD3 07-02-2013 100,000,000 SEE PART VI   X   X   X
D STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YRW9 07-23-2014 250,000,000 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YWE3 07-01-2015 300,000,000 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YJ99 07-01-2016 399,995,657 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YX44 06-07-2017 199,998,620 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YX69 06-07-2017 249,989,726 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774Y3D7 12-22-2017 452,759,255 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20775DZU9 05-15-2025 547,455,000 See Part VI   X   X   X
Part
Proceeds
A B C D
1 Amount of bonds retired .................. 125,000,000 247,456,317 0 0
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 252,221,323 580,160,339 100,000,000 250,108,651
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 0
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 252,221,323 490,643,522 0 250,108,651
11 Other spent proceeds ............. 0 89,516,817 100,000,000 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2009 2012 2007 2017
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........
  X X   X     X
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........
  X   X   X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ............... X     X   X   X
3a Are there any management or service contracts that may result in private business use of bond-financed property? ............. X   X   X   X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?   X   X   X   X
c Are there any research agreements that may result in private business use of bond-financed property? ............. X   X   X   X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X   X   X   X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 0 % 0 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0 % 0.6 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 0.6 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. .. 0 % 0 % 0 % 0 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........
X   X   X   X  
Part
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........ X     X X     X
c No rebate due? ......... X   X   X   X  
If "Yes" to line 2c, provide in Part the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X   X  
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
 
 
 
 
 
 
 
c Term of hedge ......... 0 % 0 % 0 % 0 %
d Was the hedge superintegrated? ......   X   X   X   X
e Was the hedge terminated? ........   X   X   X   X
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
 
 
 
 
 
 
 
c Term of GIC ......... 0 % 0 % 0 % 0 %
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........   X   X   X   X
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
Schedule K, Part II, Line 3 PROCEEDS TOTAL PROCEEDS OF ISSUE REPRESENT THE ISSUE PRICE (PART I, COLUMN (E)) PLUS ANY INVESTMENT EARNINGS.
Schedule K, Part III, Line 3b PRIVATE BUSINESS USE DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED ANY MANAGEMENT OR SERVICE CONTRACTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL.
Schedule K, Part III, Line 3d PRIVATE BUSINESS USE DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL.
Schedule K, Part III, Line 4 PRIVATE BUSINESS USE IN CERTAIN CASES, A BOND ISSUE WITH AN ENTRY OF .00% MAY HAVE FINANCED PROPERTY WITH SOME PRIVATE BUSINESS USE. IN EACH OF THESE CASES, THE PRIVATE BUSINESS USE PERCENTAGE OF THE BOND ISSUE WAS LESS THAN 0.05% AS THE AMOUNTS ARE ROUNDED TO THE NEAREST TENTH OF A PERCENTAGE POINT, PURSUANT TO THE INSTRUCTIONS.
Schedule K, Part III, Line 5 PRIVATE BUSINESS USE IN CERTAIN CASES, A BOND ISSUE WITH AN ENTRY OF .00% MAY HAVE FINANCED PROPERTY WITH SOME PRIVATE BUSINESS USE. IN EACH OF THESE CASES, THE PRIVATE BUSINESS USE PERCENTAGE OF THE BOND ISSUE WAS LESS THAN 0.05% AS THE AMOUNTS ARE ROUNDED TO THE NEAREST TENTH OF A PERCENTAGE POINT, PURSUANT TO THE INSTRUCTIONS.
Schedule K, Part III PRIVATE BUSINESS USE, LINES 4-6 CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE WAS A CURRENT REFUNDING OF A PRE-2003 ISSUE; ONLY THE PRIVATE BUSINESS USE PERTAINING TO THE NEW MONEY PORTION OF THE 02/24/10 ISSUE IS REPORTED.
Schedule K, Part III PRIVATE BUSINESS USE, LINES 4-6 CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX69): A PORTION OF THE BOND ISSUE WAS A CURRENT REFUNDING OF A PRE-2003 ISSUE; ONLY THE PRIVATE BUSINESS USE PERTAINING TO THE PORTION OF THE 06/07/17 ISSUE THAT REFUNDED A POST-2002 ISSUE IS REPORTED.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE RELATING TO THE CONSTRUCTION FUND IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT FEBRUARY 24, 2025 WAS NEGATIVE.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 1/8/2003 (CUSIP# 20774LZC2) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 2/24/2010 (CUSIP# 20774UU60) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS, AND TO FULLY REDEEM CHEFA SERIES W BONDS ISSUED 4/2002
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/2/2013 (CUSIP# 20774YPD3) - TO FULLY REDEEM CHEFA SERIES X1 BONDS ISSUED 1/2003
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/23/2014 (CUSIP# 20774YRW9) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/1/2015 (CUSIP# 20774YWE3) - TO FULLY REDEEM CHEFA SERIES Y1, Y2, AND Y3 BONDS ISSUED 10/2005
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/1/2016 (CUSIP# 20774YJ99) - TO FULLY REDEEM CHEFA SERIES Z1 BONDS ISSUED 10/2007
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 6/7/2017 (CUSIP# 20774YX44) - TO FULLY REDEEM CHEFA SERIES Z2 AND Z3 BONDS ISSUED 10/2007
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 6/7/2017 (CUSIP# 20774YX69) - TO FULLY REDEEM CHEFA SERIES T1 AND X3 BONDS ISSUED 11/1997 AND 1/2003, RESPECTIVELY
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 12/22/2017 (CUSIP# 20774Y3D7) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS, AND TO FULLY REDEEM CHEFA SERIES 2010A-2 BONDS ISSUED 2/2010
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 12/22/17 (CUSIP# 20774Y3D7): A PORTION OF THE BOND ISSUE IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT JULY 1, 2023 WAS NEGATIVE.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 01/08/03 (CUSIP# 20774LZC2): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 01/08/2023 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/02/13 (CUSIP# 20774YPD3): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/02/2023 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 7/23/2014 (CUSIP# 20774YRW9): A PORTION OF THE BOND ISSUE IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT JULY 23, 2024 WAS NEGATIVE.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/01/15 (CUSIP# 20774YWE3): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/01/2020 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/01/16 (CUSIP# 20774YJ99): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/01/2021 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX44): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 06/07/2022 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX69): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 06/07/2022 resulted in no liability.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 5/15/2025 (CUSIP# 20775DZU9) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 01/08/2023
Schedule K, Part IV, Line 2c COLUMN B Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 02/24/2025
Schedule K, Part IV, Line 2c COLUMN C Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/02/2023
Schedule K, Part IV, Line 2c COLUMN D Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/23/2024
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2020
Schedule K, Part IV, Line 2c COLUMN B Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2021
Schedule K, Part IV, Line 2c COLUMN C Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 06/07/2022
Schedule K, Part IV, Line 2c COLUMN D Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 06/07/2022
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2023
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1


Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part , line 24a. Provide descriptions,
explanations, and any additional information in Part .
Attach to Form 990.

Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
Yale University
 
Employer identification number
06-0646973
Part
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer
(i) Pool
financing
Yes No Yes No Yes No
A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774LZC2 01-08-2003 250,000,000 SEE PART VI   X   X   X
B STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774UU60 02-24-2010 579,984,034 SEE PART VI   X   X   X
C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YPD3 07-02-2013 100,000,000 SEE PART VI   X   X   X
D STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YRW9 07-23-2014 250,000,000 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YWE3 07-01-2015 300,000,000 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YJ99 07-01-2016 399,995,657 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YX44 06-07-2017 199,998,620 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774YX69 06-07-2017 249,989,726 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20774Y3D7 12-22-2017 452,759,255 SEE PART VI   X   X   X
STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
 
06-0806186 20775DZU9 05-15-2025 547,455,000 See Part VI   X   X   X
Part
Proceeds
A B C D
1 Amount of bonds retired .................. 125,000,000 247,456,317 0 0
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 252,221,323 580,160,339 100,000,000 250,108,651
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 0
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 252,221,323 490,643,522 0 250,108,651
11 Other spent proceeds ............. 0 89,516,817 100,000,000 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2009 2012 2007 2017
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........
  X X   X     X
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........
  X   X   X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 2
Part
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ............... X     X   X   X
3a Are there any management or service contracts that may result in private business use of bond-financed property? ............. X   X   X   X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?   X   X   X   X
c Are there any research agreements that may result in private business use of bond-financed property? ............. X   X   X   X  
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?   X   X   X   X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government .... 0 % 0 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... 0 % 0.6 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 0.6 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. .. 0 % 0 % 0 % 0 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........
X   X   X   X  
Part
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........ X     X X     X
c No rebate due? ......... X   X   X   X  
If "Yes" to line 2c, provide in Part the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X   X   X   X  
Schedule K (Form 990) (Rev. 1-2025)

Schedule K (Form 990) (Rev. 1-2025)
Page 3
Part
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
 
 
 
 
 
 
 
c Term of hedge ......... 0 % 0 % 0 % 0 %
d Was the hedge superintegrated? ......   X   X   X   X
e Was the hedge terminated? ........   X   X   X   X
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
 
 
 
 
 
 
 
c Term of GIC ......... 0 % 0 % 0 % 0 %
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........   X   X   X   X
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
Schedule K, Part II, Line 3 PROCEEDS TOTAL PROCEEDS OF ISSUE REPRESENT THE ISSUE PRICE (PART I, COLUMN (E)) PLUS ANY INVESTMENT EARNINGS.
Schedule K, Part III, Line 3b PRIVATE BUSINESS USE DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED ANY MANAGEMENT OR SERVICE CONTRACTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL.
Schedule K, Part III, Line 3d PRIVATE BUSINESS USE DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL.
Schedule K, Part III, Line 4 PRIVATE BUSINESS USE IN CERTAIN CASES, A BOND ISSUE WITH AN ENTRY OF .00% MAY HAVE FINANCED PROPERTY WITH SOME PRIVATE BUSINESS USE. IN EACH OF THESE CASES, THE PRIVATE BUSINESS USE PERCENTAGE OF THE BOND ISSUE WAS LESS THAN 0.05% AS THE AMOUNTS ARE ROUNDED TO THE NEAREST TENTH OF A PERCENTAGE POINT, PURSUANT TO THE INSTRUCTIONS.
Schedule K, Part III, Line 5 PRIVATE BUSINESS USE IN CERTAIN CASES, A BOND ISSUE WITH AN ENTRY OF .00% MAY HAVE FINANCED PROPERTY WITH SOME PRIVATE BUSINESS USE. IN EACH OF THESE CASES, THE PRIVATE BUSINESS USE PERCENTAGE OF THE BOND ISSUE WAS LESS THAN 0.05% AS THE AMOUNTS ARE ROUNDED TO THE NEAREST TENTH OF A PERCENTAGE POINT, PURSUANT TO THE INSTRUCTIONS.
Schedule K, Part III PRIVATE BUSINESS USE, LINES 4-6 CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE WAS A CURRENT REFUNDING OF A PRE-2003 ISSUE; ONLY THE PRIVATE BUSINESS USE PERTAINING TO THE NEW MONEY PORTION OF THE 02/24/10 ISSUE IS REPORTED.
Schedule K, Part III PRIVATE BUSINESS USE, LINES 4-6 CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX69): A PORTION OF THE BOND ISSUE WAS A CURRENT REFUNDING OF A PRE-2003 ISSUE; ONLY THE PRIVATE BUSINESS USE PERTAINING TO THE PORTION OF THE 06/07/17 ISSUE THAT REFUNDED A POST-2002 ISSUE IS REPORTED.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE RELATING TO THE CONSTRUCTION FUND IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT FEBRUARY 24, 2025 WAS NEGATIVE.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 1/8/2003 (CUSIP# 20774LZC2) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 2/24/2010 (CUSIP# 20774UU60) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS, AND TO FULLY REDEEM CHEFA SERIES W BONDS ISSUED 4/2002
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/2/2013 (CUSIP# 20774YPD3) - TO FULLY REDEEM CHEFA SERIES X1 BONDS ISSUED 1/2003
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/23/2014 (CUSIP# 20774YRW9) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/1/2015 (CUSIP# 20774YWE3) - TO FULLY REDEEM CHEFA SERIES Y1, Y2, AND Y3 BONDS ISSUED 10/2005
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 7/1/2016 (CUSIP# 20774YJ99) - TO FULLY REDEEM CHEFA SERIES Z1 BONDS ISSUED 10/2007
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 6/7/2017 (CUSIP# 20774YX44) - TO FULLY REDEEM CHEFA SERIES Z2 AND Z3 BONDS ISSUED 10/2007
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 6/7/2017 (CUSIP# 20774YX69) - TO FULLY REDEEM CHEFA SERIES T1 AND X3 BONDS ISSUED 11/1997 AND 1/2003, RESPECTIVELY
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 12/22/2017 (CUSIP# 20774Y3D7) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS, AND TO FULLY REDEEM CHEFA SERIES 2010A-2 BONDS ISSUED 2/2010
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 12/22/17 (CUSIP# 20774Y3D7): A PORTION OF THE BOND ISSUE IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT JULY 1, 2023 WAS NEGATIVE.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 01/08/03 (CUSIP# 20774LZC2): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 01/08/2023 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/02/13 (CUSIP# 20774YPD3): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/02/2023 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 7/23/2014 (CUSIP# 20774YRW9): A PORTION OF THE BOND ISSUE IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT JULY 23, 2024 WAS NEGATIVE.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/01/15 (CUSIP# 20774YWE3): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/01/2020 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 07/01/16 (CUSIP# 20774YJ99): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 07/01/2021 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX44): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 06/07/2022 resulted in no liability.
Schedule K, Part IV, Line 2c ARBITRAGE CALCULATION CHEFA BONDS ISSUED 06/07/17 (CUSIP# 20774YX69): We are acknowledging that we are aware of the computation requirement even though no funds were subject to rebate. The rebate liability computed at 06/07/2022 resulted in no liability.
Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE CHEFA BONDS ISSUED 5/15/2025 (CUSIP# 20775DZU9) - TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 01/08/2023
Schedule K, Part IV, Line 2c COLUMN B Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 02/24/2025
Schedule K, Part IV, Line 2c COLUMN C Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/02/2023
Schedule K, Part IV, Line 2c COLUMN D Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/23/2024
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2020
Schedule K, Part IV, Line 2c COLUMN B Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2021
Schedule K, Part IV, Line 2c COLUMN C Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 06/07/2022
Schedule K, Part IV, Line 2c COLUMN D Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 06/07/2022
Schedule K, Part IV, Line 2c COLUMN A Issuer name: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2023
Schedule K (Form 990) (Rev. 1-2025)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1

Schedule L
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
(1) Nancy J Brown
 
Key Employee Housing   X 100,000 98,402   No   No Yes  
Total ............... $ 98,402
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1)  
 
  174,850 scholarships See Part V
(2)  
 
  4,500 Tuition Reimbursements See Part V
(3)  
 
  1,000 Prize See Part V
(4)  
 
  259 Stipend See Part V
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) (Rev. 1-2025)
Schedule L (Form 990) (Rev. 1-2025)
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) STEFANIE MARKOVITS
 
SPOUSE OF BENJAMIN POLAK, A FORMER OFFICER 255,212 COMPENSATION AND BENEFITS, PROFESSOR OF ENGLISH   No
(2) PAT PREISIG
 
SPOUSE OF ROBERT ALPERN, A Former KEY EMPLOYEE 256,046 COMPENSATION AND BENEFITS, PROFESSOR, MEDICINE (NEPHROLOGY) AND CELLULAR AND MOLECULAR PHYSIOLOGY   No
(3) Wendy Sharp
 
SPOUSE OF DEAN TAKAHASHI, A FORMER KEY EMPLOYEE 129,452 COMPENSATION AND BENEFITS, Assistant Professor Adjunct, School of Music   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L, Part II, Column (h) LOAN APPROVAL THE LOAN REPORTED ON SCHEDULE L, PART II Was MADE AND APPROVED PURSUANT TO UNIVERSITY COMPENSATION POLICIES.
Schedule L, Part III, Column (e) Purpose of assistance The scholarship grants represent amounts awarded to interested persons under the university's nondiscriminatory qualified tuition reduction plan covering all eligible faculty and staff with six or more years of service. In addition, interested persons received tuition reimbursements which qualified as a working condition fringe benefit under IRC Section 132(d), a prize, and a stipend.
Schedule L (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1




SCHEDULE M
(Form 990)


Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large image Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
Types of Property
(a)
Check if applicable
(b)
Number of contributions or items contributed
(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g
(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....   68 2,250,000 Other - Sale or Appraised Value
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 0 Other
5 Clothing and household
goods .......
     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded .   904 72,643,144 Market value
10 Securities—Closely held stock .   2 0 Other - N/A
11 Securities—Partnership, LLC,
or trust interests ....
  4 792,977 Other - Sale of Comp. Property
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures .....
       
14 Qualified conservation
contribution—Other ...
       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....   2 0 Other - N/A
19 Food inventory ...        
20 Drugs and medical supplies .   1 0 Other - N/A
21 Taxidermy ......        
22 Historical artifacts ....   3 0 Other - N/A
23 Scientific specimens ..   7 0 Other - N/A
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( Equipment ) X 6 0 Other - N/A
26 Other Right pointing arrow large image ( Furniture ) X 2 0 Other - N/A
27 Other Right pointing arrow large image ( Digital Assets ) X 1 25,138 Market value
28 Other Right pointing arrow large image ( Building Supplies ) X 1 0 Other - N/A
Other Right pointing arrow large image ( Natural Resource Rights ) X 1 907 Other - Sale or Appraised Value
Other Right pointing arrow large image ( Musical Instruments ) X 3 0 Other - N/A
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
34
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2024)
Schedule M (Form 990) (2024)
Page 2
Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions OCCASIONALLY, THE UNIVERSITY ENGAGES THIRD PARTIES (E.G., REAL ESTATE BROKERS, AUCTION HOUSES, INVESTMENT BROKERS) TO SELL CERTAIN NON-CASH CONTRIBUTIONS.
Schedule M, Part I, Line 33 Noncash contribution amounts not reported PURSUANT TO ACCOUNTING STANDARDS CODIFICATION 958 (ASC 958), THE UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS, INCLUDING WORKS OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS THAT ARE MAINTAINED IN ITS MUSEUMS AND LIBRARIES. NON-CASH CONTRIBUTIONS OF THIS NATURE ARE, THEREFORE, NOT RECOGNIZED AS REVENUE FOR FINANCIAL STATEMENT PURPOSES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH AND THE FURTHERANCE OF PUBLIC SERVICE. OTHER NON-CASH CONTRIBUTIONS WITH NO READILY ASCERTAINABLE FAIR VALUE OR WHICH ARE DEEMED IMMATERIAL ARE NOT RECOGNIZED AS REVENUE FOR FINANCIAL STATEMENT PURPOSES.
Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Books and publications - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Securities - Publicly traded - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Other - Equipment AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Securities - Partnership, LLC, or trust interests - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Securities - Closely held stock - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Other - Furniture AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Historical artifacts - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Scientific specimens - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Other - Digital Assets AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Other - Building Supplies AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Other - Natural Resource Rights AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Collectibles - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Drugs and medical supplies - AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY. Other - Musical Instruments AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY.
Schedule M (Form 990) (2024)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Return Reference Explanation
Form 990, Part I, Line 6 TOTAL NUMBER OF VOLUNTEERS VOLUNTEERS SUPPORT AND BENEFIT THE UNIVERSITY IN A WIDE VARIETY OF ACTIVITIES, PROGRAMS, AND SERVICES. WHILE YALE UNIVERSITY DOES NOT TRACK THE NUMBER OF ITS VOLUNTEERS, THE UNIVERSITY ESTIMATES THAT THE NUMBER OF VOLUNTEERS WAS APPROXIMATELY 15,000 DURING FYE 6/30/25.
Form 990, Part III, Line 1 DESCRIPTION OF ORGANIZATION MISSION YALE IS COMMITTED TO IMPROVING THE WORLD TODAY AND FOR FUTURE GENERATIONS THROUGH OUTSTANDING RESEARCH AND SCHOLARSHIP, EDUCATION, PRESERVATION, AND PRACTICE. YALE EDUCATES ASPIRING LEADERS WORLDWIDE WHO SERVE ALL SECTORS OF SOCIETY. WE CARRY OUT THIS MISSION THROUGH THE FREE EXCHANGE OF IDEAS IN AN ETHICAL, INTERDEPENDENT, AND DIVERSE COMMUNITY OF FACULTY, STAFF, STUDENTS, AND ALUMNI.
Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 880,290,172 including grants of $ 31,127,183)(Revenue $ 136,383,045) OTHER PROGRAM SERVICES INCLUDE ACADEMIC SUPPORT, PUBLIC SERVICE, AND OTHER INSTITUTIONAL SUPPORT.
Form 990, Part VI, Line 1b NUMBER OF VOTING MEMBERS WHO ARE INDEPENDENT THERE ARE TWO EX-OFFICIO TRUSTEES, THE GOVERNOR OF CONNECTICUT AND THE LIEUTENANT GOVERNOR OF CONNECTICUT. HISTORICALLY, THESE INDIVIDUALS DO NOT PARTICIPATE IN GOVERNANCE ACTIVITIES AT THE UNIVERSITY AND THEY ARE REPORTED AS INDEPENDENT.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE GOVERNING BODY INCLUDES SIX ALUMNI TRUSTEES WHO ARE ELECTED BY THE ALUMNI.
Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY SENIOR MANAGEMENT. IN ADDITION, THE UNIVERSITY DISTRIBUTED A DRAFT COPY OF FORM 990 TO THE CORPORATION AUDIT COMMITTEE, COMPRISED OF three MEMBERS OF THE UNIVERSITY'S GOVERNING BODY. MEMBERS OF SENIOR MANAGEMENT MET WITH CERTAIN UNIVERSITY OFFICERS AND THE CORPORATION AUDIT COMMITTEE TO DISCUSS THE DRAFT FORM 990 AND ANSWER ANY QUESTIONS PRIOR TO FILING.
Form 990, Part VI, Line 12c Conflict of interest policy THE YALE UNIVERSITY CONFLICT OF INTEREST POLICY OBLIGATES EACH OFFICER, TRUSTEE, AND KEY EMPLOYEE TO PROMPTLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS DEFINED IN THE POLICY. EACH SUCH PERSON MUST SIGN A STATEMENT ANNUALLY AFFIRMING THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTOR AND MEMBERS OF THE COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE INTERESTED PERSON IS EXCUSED FROM THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS MADE, AND IS RECUSED FROM PARTICIPATING IN ANY VOTE ON THE MATTER.
Form 990, Part VI, Line 15a Process to establish compensation of top management official THE annual PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT INCLUDED INITIAL REVIEW BY THE COMMITTEE ON COMPENSATION (THE COMPENSATION COMMITTEE) OF THE YALE CORPORATION (YALE UNIVERSITY'S GOVERNING BOARD), A RECOMMENDATION VOTED BY THE COMMITTEE TO THE YALE CORPORATION, AND FULL REVIEW AND VOTE BY THE YALE CORPORATION. BOTH REVIEWS INCLUDED REVIEW OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT OTHER UNIVERSITIES, AS COMPILED BY A PROFESSIONAL COMPENSATION CONSULTANT RETAINED BY THE COMPENSATION COMMITTEE FOR THE PURPOSE, AND REVIEW OF INFORMATION ON SUCH COMPARABLE POSITIONS FROM IRS FORMS 990 FOR SIMILAR ORGANIZATIONS; BOTH REVIEWS CONSIDERED SUCH DATA IN LIGHT OF THE PERFORMANCE OF THE PRESIDENT, WHICH WAS REVIEWED BY THE COMPENSATION COMMITTEE AND BY THE YALE CORPORATION. THE PROCEEDINGS OF THE COMPENSATION COMMITTEE AND THE PROCEEDINGS OF THE YALE CORPORATION EACH WERE DOCUMENTED IN MINUTES OF THE RESPECTIVE BODY, CONTEMPORANEOUSLY ADOPTED AND RETAINED IN THE RECORDS OF THE RESPECTIVE BODY, ALONG WITH THE DATA ON COMPARABLE COMPENSATION THAT WAS RELIED UPON.
Form 990, Part VI, Line 15b Process to establish compensation of other employees THE annual PROCESS FOR DETERMINING COMPENSATION OF THE OFFICERS CONSISTED OF REVIEW BY THE COMPENSATION COMMITTEE OF THE RECOMMENDATIONS MADE BY THE PRESIDENT, CONSIDERING THE PERFORMANCE OF EACH OFFICER, AND REVIEW OF DATA ON COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS, AS COLLECTED BY A PROFESSIONAL COMPENSATION CONSULTANT THROUGH SURVEYS; THE COMPENSATION COMMITTEE VOTED RECOMMENDATIONS ON COMPENSATION OF SUCH INDIVIDUALS TO THE YALE CORPORATION. THE YALE CORPORATION RECEIVED THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE, AND DISCUSSED THESE WITH THE PRESIDENT, WHO REVIEWED THE PERFORMANCE OF EACH OFFICER WITH THE YALE CORPORATION, AND ALSO THE COMPARABLE COMPENSATION INFORMATION. THE YALE CORPORATION THEN VOTED ON THE COMPENSATION OF EACH OFFICER. THE PROCEEDINGS OF THE COMPENSATION COMMITTEE AND OF THE CORPORATION EACH WERE DOCUMENTED IN MINUTES CONTEMPORANEOUSLY ADOPTED AND RETAINED IN THE RECORDS OF THE RESPECTIVE BODY, ALONG WITH THE DATA ON COMPARABLE COMPENSATION THAT WAS RELIED UPON. OF THE KEY EMPLOYEES, THE COMPENSATION OF THE DEAN, SCHOOL OF MEDICINE WAS RECOMMENDED BY THE PRESIDENT TO THE COMPENSATION COMMITTEE, AND REVIEWED BY THAT COMMITTEE IN CONJUNCTION WITH ITS REVIEW OF THE PERFORMANCE OF THE DEAN AND CONSIDERATION OF DATA ON THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT OTHER INSTITUTIONS COMPILED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE VOTED TO APPROVE THE COMPENSATION, AND CONTEMPORANEOUSLY DOCUMENTED ITS PROCEEDINGS IN MINUTES RETAINED IN ITS RECORDS ALONG WITH THE COMPENSATION DATA RELIED UPON. WITH RESPECT TO THE CHIEF INVESTMENT OFFICER, THE COMPENSATION COMMITTEE VOTED TO APPROVE THE COMPENSATION AFTER CONSIDERATION OF THE RECOMMENDATIONS OF THE PRESIDENT AND OF THE FOLLOWING: REVIEW OF THE PERFORMANCE of the Chief Investment Officer, INVESTMENT PERFORMANCE OF THE YALE ENDOWMENT OVER DESIGNATED PERIODS, OTHER PERFORMANCE-RELATED INFORMATION, AND AN ANALYSIS OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT TAXABLE AND TAX-EXEMPT ORGANIZATIONS PREPARED BY AN INDEPENDENT COMPENSATION CONSULTANT RETAINED FOR THE PURPOSE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTED ITS PROCEEDINGS IN MINUTES RETAINED IN ITS RECORDS ALONG WITH THE COMPENSATION DATA RELIED UPON. NO MEMBER OF THE YALE CORPORATION WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO A COMPENSATION ARRANGEMENT DESCRIBED ABOVE (I.E., BY VIRTUE OF A FAMILY OR BUSINESS RELATIONSHIP) PARTICIPATED IN THE COMPENSATION COMMITTEE REVIEW OR THE VOTE OF THE YALE CORPORATION WITH RESPECT TO SUCH COMPENSATION ARRANGEMENT.
Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY'S GOVERNING DOCUMENTS, INCLUDING ANY AMENDMENTS, FINANCIAL STATEMENTS AND Institutional STANDARDS OF CONDUCT ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE OR UPON REQUEST.
Form 990, Part VII, Section A, Line 1a, Column (B) AVERAGE HOURS PER WEEK THE NUMBER OF HOURS REPORTED FOR EACH LISTED PERSON IS AN ESTIMATE. THE ESTIMATE FOR TRUSTEES INCLUDES MEETING TIME AND PREPARATION, AS WELL AS ATTENDANCE AT CERTAIN OFFICIAL UNIVERSITY FUNCTIONS DURING THE YEAR, BUT DOES NOT INCLUDE TRAVEL TIME OR ATTENDANCE AT OTHER EVENTS AS TRUSTEES. IN MANY CASES, THE ACTUAL AVERAGE HOURS PER WEEK FOR LISTED PERSONS, OTHER THAN TRUSTEES, EXCEEDED 50 HOURS.
Form 990, Part VII, Section A, Line 1a, Column (A) Continuation of titles for each listed person PETER SALOVEY: President Emeritus (effective 7/1/24); Professor of Psychology Dean Takahashi: Professor Adjunct Emeritus of Management Nancy J. Brown: Professor of Internal Medicine SCOTT A. STROBEL: PROFESSOR OF MOLECULAR BIOPHYSICS & BIOCHEMISTRY; PROFESSOR OF CHEMISTRY; HOWARD HUGHES MEDICAL INSTITUTE PROFESSOR Alexander E. Dreier: General Counsel & Sr Counselor to the President Maurie McInnis: Professor in the History of Art PERICLES LEWIS: Dean of Yale College; professor of comparative literature BENJAMIN POLAK: PROFESSOR OF ECONOMICS; PROFESSOR OF MANAGEMENT ROBERT J. ALPERN: PROFESSOR OF MEDICINE (NEPHROLOGY) & professor of cellular & molecular physiology Karen Peart: Associate VP, Public Affairs and Communications
Form 990, Part VIII, Line 2f Other Program Service Revenue All other program service revenue - Total Revenue: 45758844, Related or Exempt Function Revenue: 44732363, Unrelated Business Revenue: 1026481, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part IX, Line 24 UNRELATED BUSINESS INCOME TAX OTHER EXPENSES INCLUDE $603,517 OF STATE UNRELATED BUSINESS INCOME TAX.
Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in funding status of defined benefit plans - XXX-XX-XXXX; Actuarial adjustments for split interest liability - -1812478; Other Reconciling adjustment - 31704344; Total - XXX-XX-XXXX;
Schedule F, Part II, Line 3 NUMBER OF OTHER ORGANIZATIONS OR ENTITIES THE TOTAL NUMBER REPORTED ON LINE 3 INCLUDES TAX-EXEMPT ORGANIZATIONS AND PUBLIC INSTITUTIONS. MOST OF THE SUBAWARD RECIPIENTS ARE UNIVERSITIES, HOSPITALS, AND RESEARCH INSTITUTIONS.
Schedule F, Part II SUBAWARD A SUBAWARD IS AN AWARD OF FINANCIAL SUPPORT FROM THE UNIVERSITY TO A QUALIFIED THIRD PARTY PRIMARILY TO PERFORM RESEARCH AND OTHER RELATED PROGRAMMATIC EFFORTS UNDER A SPONSORED RESEARCH PROJECT.
Schedule F, Part III COLUMNS (C) AND (D), TOTAL AWARDS THE AMOUNTS REPORTED IN COLUMNS (C) AND (D) REPRESENT AN ESTIMATE OF TOTAL AWARDS FOR THE FISCAL YEAR ENDED JUNE 30, 2025 BASED ON INFORMATION PROVIDED BY THE UNIVERSITY'S UNDERGRADUATE, GRADUATE AND PROFESSIONAL SCHOOLS. SOME STUDENTS RECEIVED MORE THAN ONE AWARD DURING THE FISCAL YEAR ENDED JUNE 30, 2025.
FORM 990, PART VII, SECTION B, COLUMN(C) COMPENSATION THE AMOUNT REPORTED REPRESENTS DIRECT CASH PAYMENTS MADE DURING THE CALENDAR YEAR 2024 TO INDEPENDENT CONTRACTORS FOR SERVICES. FOR CONSTRUCTION and related SERVICES, THE FEES REPRESENT THE ENTIRE CONTRACT COST.
Form 990, Part III, Line 4B Program Service Description This category of expenditures also includes: the operation of dining halls that provided 3,007,780 meals to students, faculty, and staff; maintenance of dormitories housing 5,057 undergraduates and 954 graduate and professional school students; operation and maintenance of athletic facilities for the 35 intercollegiate sports, over 20 intramural sports, and approximately 49 club sports teams offered at Yale. Also included are fitness, wellness, and instructional programs, parking facilities, laundry facilities, student centers, and other facilities and programs (including extracurricular activities and student health services) that provide support, services, and academic/cultural enrichment to the University's students.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


Software ID: 24020961
Software Version: 2024v5.1
SCHEDULE R
(Form 990)

(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
Open to Public Inspection
Name of the organization
Yale University
 
Employer identification number

06-0646973
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


(c)
Legal domicile (state
or foreign country)

(d)
Total income


(e)
End-of-year assets


(f)
Direct controlling
entity

(1) Investment Holdco LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
81-4546058
Investment DE 3,903,282 10,345,657,283 Yale University
 
(2) Fir Co LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
92-3328645
Investment DE -115,819,129 6,826,691,498 Yale University
 
(3) Boylston LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
46-3324804
Investment DE 57,654,672 5,048,389,576 Yale University
 
(4) Alder Co LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
92-2885369
Investment DE 41,238,110 2,069,382,937 Yale University
 
(5) Anaxagoras LP
C/O Yale University
PO Box 208239
New Haven,CT065208239
85-4296496
Investment DE 0 138,936,775 YALE UNIVERSITY
 
(6) WE 150 Munson LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0233373
Investment DE 0 28,550,801 Yale University
 
(7) Fenix I LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
26-2863129
Investment DE 0 26,995,087 Yale University
 
(8) Harbor Hills Investments LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
20-0099423
Investment DE 0 20,433,069 Yale University
 
(9) WE 2 Church Street South LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
80-0066065
Investment CT 0 11,915,594 Yale University
 
(10) Renaissance I LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
26-2863298
Investment DE 0 11,388,686 Yale University
 
(11) ESV Holdings LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
20-3980473
Investment DE 0 7,280,162 Yale University
 
(12) WE 135 College Street LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
30-0893138
Investment DE 0 6,259,663 Yale University
 
(13) Alpha 9 LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
27-0982227
Investment CT 150,448 5,918,436 Yale University
 
(14) Yale Leadership (Beijing) Educational Consulting Co Ltd
C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1200465
Supports Higher Education   0 4,366,968 Yale Global Enterprises LLC
 
(15) Yale SOM Student Investment Fund LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
83-4065716
Investment DE 22,046 1,048,995 Yale University
 
(16) Amistad Partners LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
73-1683601
Investment CT 0 599,975 Yale University
 
(17) RHC LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
37-2174987
Investment CT 0 554,608 Yale University
 
(18) Yale Student Investment Fund LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
46-3851735
Investment DE 9,393 389,056 Yale University
 
(19) Yale Educational Consulting (Beijing) LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1006940
Supports Higher Education   0 242,761 Yale Global Enterprises LLC
 
(20) S Property Holding LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
27-3717440
Investment CT 0 3 Yale University
 
(21) Beta 14 LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
27-0982129
Investment CT 0 0 Yale University
 
(22) Endurance LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-1606540
Investment DE 0 0 Yale University
 
(23) GSWM Investments LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
27-3717358
Investment CT 0 0 Yale University
 
(24) Medical Practice Management LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
27-1545102
Administrative Services CT 0 0 Yale University
 
(25) Motus Fund Ltd
C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1253737
Investment   -18,362,272 0 Yale University
 
(26) OME Holdings LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-0646973
Investment DE 0 0 Yale University
 
(27) Overlea LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
82-1445515
Investment DE 0 0 Yale University
 
(28) Sardous LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
02-0580383
Investment DE 0 0 Yale University
 
(29) The UK Friends of Yale University Limited
C/O Yale University
PO Box 208239
New Haven,CT065208239
98-0552738
Accepts charitable contributions   511,348 0 Yale University
 
(30) Yale Global Enterprises LLC
C/O Yale University
PO Box 208239
New Haven,CT065208239
27-0859961
Supports Higher Education CT 0 0 Yale University
 
Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


(c)
Legal domicile (state
or foreign country)

(d)
Exempt Code section


(e)
Public charity status
(if section 501(c)(3))

(f)
Direct controlling
entity

(g)
Section 512(b)(13) controlled entity?
Yes No
(1)3C Corporation
C/O Yale University
PO Box 208239
New Haven,CT065208239
41-2046529
Investment DC 501(c)(3) Type I Yale University
 
Yes
 
(2)5C Corporation
C/O Yale University
PO Box 208239
New Haven,CT065208239
20-0763050
Investment DC 501(c)(3) Type I Yale University
 
Yes
 
(3)Alumni Fund Association of Yale University
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-6078326
Encourages and solicits contributions to or for Yale University CT 501(c)(3) Type I Yale University
 
Yes
 
(4)Chapel Company
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-1532073
Inactive CT 501(c)(2)   Yale University
 
Yes
 
(5)Charles A Coffin Memorial Fund
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-6034841
Supports higher education CT 501(c)(3) Type III-O Yale University
 
 
No
(6)Edith B Jackson Trust #3
C/O Yale University
PO Box 208239
New Haven,CT065208239
84-6150096
Supports higher education CO 501(c)(3) PF Yale University
 
 
No
(7)FW & Elsie Heyl Science Scholarship Fund
C/O Yale University
PO Box 208239
New Haven,CT065208239
38-6194019
Supports higher education MI 501(c)(3) Type III-O NA
 
 
No
(8)Ford Adelaide D Ten T U W
C/O Yale University
PO Box 208239
New Haven,CT065208239
94-6216169
Supports higher education NC 501(c)(3) PF Yale University
 
 
No
(9)Founding Fathers Papers Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
22-2365602
Supports and facilitates publications NJ 501(c)(3) Type I NA
 
 
No
(10)Gruber Foundation the
C/O Yale University
PO Box 208239
New Haven,CT065208239
45-1540594
Supports higher education DE 501(c)(3) Type I Yale University
 
 
No
(11)Health Benefits Holdings Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-1559155
Investment CT 501(c)(2)   Yale University
 
Yes
 
(12)HR Properties Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-1341463
investment CT 501(c)(2)   Yale University
 
Yes
 
(13)Jonathan Edwards Trust
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-6084676
Supports Higher Education CT 501(c)(3) Type III-FI Yale University
 
 
No
(14)MGHPCC Holyoke Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
45-2257442
Supports Higher Education MA 501(c)(3) Type I NA
 
 
No
(15)Preston J Dunn TR UW FBO Yale University
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-6366026
Supports higher education CT 501(c)(3) PF Yale University
 
 
No
(16)Preston J Dunn Tr UW FBO Yale University 1928 Alumni Fund
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-6366024
Supports higher education CT 501(c)(3) PF Yale University
 
 
No
(17)RTA Incorporated
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-0768741
Supports higher education CT 501(c)(3) Type III-FI NA
 
 
No
(18)Staff Retirement Holdings Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-1559156
Investment CT 501(c)(2)   Yale University
 
Yes
 
(19)Stoeckel E B Residue Trust
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-0653108
Supports artistic programs CT 501(c)(3) Type III-FI Yale University
 
 
No
(20)The Board of Trustees of the Sheffield Scientific School
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-6032565
Promotes the study of the physical, natural and mathematical sciences CT 501(c)(3) Type II Yale University
 
Yes
 
(21)THE CHIEF EXEC LEADERSHIP INST OF THE YALE SCHOOL OF MGMT INC
C/O Yale University
PO Box 208239
New Haven,CT065208239
58-2617787
Provides research and peer-driven edu. programs to businesses DE 501(c)(3) Type I Yale University
 
Yes
 
(22)The Center for Inclusive Growth Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
99-1835978
Foster community vitality and economic growth CT 501(c)(3) 7 Yale University
 
 
No
(23)The Massachusetts Green High Performance Computing Center Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
27-3014805
Supports Higher Education MA 501(c)(3) Type I NA
 
 
No
(24)The Paul Mellon Centre for Studies in British Art
C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1194924
Promotes and supports study of British art and architecture   501(c)(3)   Yale University
 
Yes
 
(25)UW Eugene Higgins Char Trust NMA
C/O Yale University
PO Box 208239
New Haven,CT065208239
13-6073358
Supports higher education NY 501(c)(3) Type III-O NA
 
 
No
(26)Yale Alumni Association of Cleveland
C/O Yale University
PO Box 208239
New Haven,CT065208239
34-1218706
Supports higher education OH 501(c)(3) Type III-FI NA
 
 
No
(27)Yale Alumni Scholarship of Cleveland Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
34-6523145
Funds scholarships OH 501(c)(3) Type III-FI NA
 
 
No
(28)Yale Club of Central New Jersey
C/O Yale University
PO Box 208239
New Haven,CT065208239
22-6048686
Funds scholarships NJ 501(c)(3) Type III-O NA
 
 
No
(29)Yale Club of Maine
C/O Yale University
PO Box 208239
New Haven,CT065208239
01-0516058
Supports higher education ME 501(c)(3) Type III-O NA
 
 
No
(30)Yale Medical Foundation Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
35-2672947
To provide outpatient medical care, to conduct research and support educational activities CT 501(c)(3) 10 Yale University
 
Yes
 
(31)Yale Scholarship Fund of Pittsburgh
C/O Yale University
PO Box 208239
New Haven,CT065208239
23-7046816
Funds scholarships PA 501(c)(3) Type III-FI Yale University
 
 
No
(32)Yale University Elizabethan Club Corp
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-0332975
Promotes appreciation of literature among membership and community CT 501(c)(3) Type III-FI Yale University
 
Yes
 
(33)Yale University Press London
C/O Yale University
PO Box 208239
New Haven,CT065208239
Publishes serious works   501(c)(3)   Yale University
 
Yes
 
(34)Yale University Retiree Health Benefits Coverage Trust
C/O Yale University
PO Box 208239
New Haven,CT065208239
06-6414276
501(a) Trust that Supports Yale University CT 501(c)(3) Type II Yale University
 
Yes
 
(35)Yale Wisconsin Scholarship Fund
C/O Yale University
PO Box 208239
New Haven,CT065208239
39-6065573
Funds scholarships WI 501(c)(3) Type III-O NA
 
 
No
(36)Yale-New Haven Medical Center Inc
C/O Yale University
PO Box 208239
New Haven,CT065208239
23-7440891
Supports joint programs of Yale-New Haven Hospital and Yale University CT 501(c)(3) Type III-FI NA
 
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



(b)
Primary activity




(c)
Legal
domicile
(state or foreign
country)


(d)
Direct controlling
entity



(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




(g)
Share of end-of-year
assets



(h)
Disproprtionate allocations?




(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?



(k)
Percentage
ownership


Yes No Yes No
(1) FOURTH CENTURY LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
41-2046537
Investment DE Yale University
 
Excluded 1,323,998,698 7,461,797,039 Yes   6,959,626   No 99.8 %
(2) FIFTH CENTURY LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-0763076
Investment NV Yale University
 
Excluded 314,068,573 1,615,266,775 Yes   183,646   No 99.8 %
(3) FYI Ltd

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-0607425
Investment   New FYI Ltd
 
Excluded 186,397,620 1,379,720,873   No 0   No 82.51 %
(4) Wingspan LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1541518
Investment   Yale University
 
Excluded 186,397,620 1,379,720,873   No 0   No 87.45 %
(5) Farallon Capital Institutional Partners II LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
94-3106692
Investment CA Yale University
 
Excluded 90,040,870 1,333,408,397 Yes   0   No 91.67 %
(6) Foxway LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-3794906
Investment DE Yale University
 
Excluded 25,783,959 1,009,543,599   No 0   No 99.34 %
(7) 667 LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
06-1609184
Investment DE BBF I Holdings LP
 
Excluded 18,087,783 994,328,205   No 0   No 84.83 %
(8) BBF I HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-8497574
Investment NV Fifth Century LP
 
Excluded 18,087,784 865,581,982   No 0   No 99.6 %
(9) LONG TERM VALUE FUND LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-0623624
Investment   LAUREL 2008 LP
 
Excluded 97,674,656 592,574,537 Yes   0   No 89.7 %
(10) HIGH STREET PARTNERS LTD

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1332371
Investment   Fourth Century LLC
 
Excluded -28,321,840 557,949,150   No 0   No 88.84 %
(11) Voyager One Onshore LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
85-4140549
Investment DE Yale University
 
Excluded 124,896,663 522,595,091   No 11,468,873   No 58.54 %
(12) CYR HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0788802
Investment NV Fifth Century LP
 
Excluded 8,827,121 374,065,906   No 0   No 99.6 %
(13) Long Meadow LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
82-1918656
Investment DE Yale University
 
Excluded 60,935,112 364,234,472   No 0   No 92.73 %
(14) YB Institutional LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
04-3431530
Investment DE Yale University
 
Excluded -20,849,881 334,335,666 Yes   826,290   No 99.95 %
(15) Pantzer Strategic Real Estate Fund IV LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
83-1481792
Investment DE Yale University
 
Excluded 13,449,277 250,195,371 Yes   0   No 58.71 %
(16) CRS MASTER FUND LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-2658870
Investment   CYR Holdings LP
 
Excluded 7,075,840 201,583,823   No 0   No 79.99 %
(17) Pantzer Strategic Real Estate Fund V-R LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
87-1013228
Investment DE Yale University
 
Excluded 0 192,867,130 Yes   0   No 55.74 %
(18) Manaslu Fund III LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1556897
Investment   Yale University
 
Excluded 7,058,461 181,442,284 Yes   0   No 52.18 %
(19) LAUREL 2008 LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1649501
Investment NV Fifth Century LP
 
Excluded 130,830,111 170,982,196 Yes   -70,981   No 99.6 %
(20) Strategic Residential Fund II LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
04-3584406
Investment DE Yale University
 
Excluded -1,872,125 158,689,540   No 0   No 95 %
(21) Itiner VI Victrix LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
84-2824716
Investment DE Yale University
 
Excluded -6,364,139 115,017,582   No 0   No 100 %
(22) WEN YUAN Ltd

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1498670
Investment   Fourth Century LLC
 
Excluded 20,246,220 85,984,379   No 0   No 99.45 %
(23) JPF V HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2008388
Investment NV Fifth Century LP
 
Excluded 1,539 68,077,296   No 0   No 99.6 %
(24) Northwood US Real Estate Fund TE LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
99-2830094
Investment DE Yale University
 
Excluded 299,321 58,927,148 Yes   0   No 73.54 %
(25) Typhoon LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
01-0685132
Investment DE Fourth Century LLC
 
Excluded 98,634 55,230,277   No 0   No 73.02 %
(26) GLOSTER LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-1263980
Investment DE Fourth Century LLC
 
Excluded -2,357,303 54,773,232   No 0   No 79.84 %
(27) Bayroot LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-0390410
Investment DE Fourth Century LLC
 
Excluded 2,964,202 53,112,737   No 0   No 98.81 %
(28) YHG INVESTMENT LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
Investment   HHLR Yali Feeder Ltd
 
Excluded 2,466,719 49,847,596   No 0   No 70.52 %
(29) M&H REALTY PARTNERS VI LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
57-1182074
Investment CA Fourth Century LLC
 
Excluded -7,819,159 48,679,487   No 0   No 53.17 %
(30) Yellow Warbler LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0342603
Investment TX Fourth Century LLC
 
Excluded 1,627,434 48,451,188 Yes   -307,187   No 96.74 %
(31) Keyframe 3523 Fund LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
88-1891420
Investment DE Yale University
 
Excluded -1,401,088 44,278,479 Yes   -47,994   No 96.34 %
(32) KE Ascent LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
33-3616411
Investment DE Yale University
 
Excluded 0 40,400,000 Yes   0   No 64.42 %
(33) RAMSGATE VIII LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-5259910
Investment DE Fourth Century LLC
 
Excluded 235,895 38,648,683   No 0   No 79.84 %
(34) Storage Star Holdings LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
99-3270736
Investment DE Fourth Century LLC
 
Excluded -1,421,995 38,461,992 Yes   0   No 72.36 %
(35) Pantzer Strategic Real Estate Fund VI-R LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
93-2354218
Investment DE Yale University
 
Excluded 0 37,079,687   No 0   No 63.18 %
(36) PEPF IV HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0290250
Investment NV Fifth Century LP
 
Excluded 4,306 36,728,610   No 0   No 99.6 %
(37) The Lyme Forest Fund V TE LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
83-2527383
Investment DE Yale University
 
Unrelated 27,885 36,484,320   No -369,988   No 86.16 %
(38) RAMSGATE XI LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-5209548
Investment DE Fourth Century LLC
 
Excluded 0 35,203,727   No 0   No 79.84 %
(39) CYR FUND LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0270646
Investment DE CYR Holdings LP
 
Excluded 5,744,579 33,395,381 Yes   0   No 79.25 %
(40) HERNDON IV LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
47-1698457
Investment DE Fourth Century LLC
 
Unrelated 366,564 32,823,308 Yes   325,749   No 79.84 %
(41) CAUTHEN VIII LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-2750613
Investment DE Fourth Century LLC
 
Unrelated -6,012 31,385,970 Yes   -119,376   No 79.84 %
(42) OSCEOLA LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2008431
Investment NV Fifth Century LP
 
Excluded 727 29,685,261   No 0   No 79.84 %
(43) WHITEHAVEN XI LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
37-1738599
Investment DE Fourth Century LLC
 
Excluded 3 29,439,488   No 0   No 79.84 %
(44) EASTON 2007 LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0627974
Investment NV Fifth Century LP
 
Excluded 25,028,215 29,401,873   No 0   No 99.6 %
(45) OMAHA LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
Investment   OM Holdings LP
 
Excluded -1,213,810 27,315,146   No 0   No 98.6 %
(46) HERNDON LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
37-1659934
Investment DE Fourth Century LLC
 
Excluded 2,828,320 26,668,052   No 0   No 79.84 %
(47) GREENFIELD LAND PARALLEL PARTNERS I LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-4411467
Investment DE Fourth Century LLC
 
Unrelated -48,763 22,436,601 Yes   -48,763   No 98.8 %
(48) Harbor Hills Development LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
16-1453802
Investment DE Harbor Hills Holdings LP
 
Unrelated 2,207,079 20,252,349   No 1,945,227   No 99 %
(49) VEITCH LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-0999084
Investment DE Fourth Century LLC
 
Excluded 15,631,478 18,906,926 Yes   507,591   No 79.84 %
(50) ECP II HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0151337
Investment NV Fifth Century LP
 
Excluded 45,282,277 18,765,456   No 0   No 99.6 %
(51) Sail NH LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
84-4561633
Investment DE Yale University
 
Excluded 4,401 18,500,542 Yes   0   No 88.65 %
(52) RADFORD LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-5470954
Investment DE Fourth Century LLC
 
Excluded 56,314 17,673,537   No 0   No 79.84 %
(53) CAUTHEN LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2776143
Investment DE Fourth Century LLC
 
Excluded -2,750 17,008,365 Yes   27   No 79.84 %
(54) ODE IV LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
61-1724296
Investment DE Fourth Century LLC
 
Excluded 0 15,496,832   No 0   No 79.84 %
(55) MACOMB XI LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
80-0958889
Investment DE Fourth Century LLC
 
Excluded 4,624,445 15,425,191 Yes   677,844   No 79.84 %
(56) SP 8 HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0558478
Investment NV Fifth Century LP
 
Excluded 5,613,968 15,387,026   No 0   No 99.6 %
(57) SCP Nexus LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
33-3573570
Investment DE Fourth Century LLC
 
Excluded -29,358 15,314,892   No 0   No 68.39 %
(58) VERNON LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
80-0904292
Investment DE Fourth Century LLC
 
Excluded 110,515 14,723,514   No 0   No 79.84 %
(59) WHITEHAVEN X LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
27-5205346
Investment DE Fourth Century LLC
 
Excluded 1 14,292,893   No 0   No 79.84 %
(60) CORBIN VII LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
47-2456807
Investment DE Fourth Century LLC
 
Excluded 9,586 13,654,141   No 0   No 79.84 %
(61) NLVF II HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1545222
Investment NV Fifth Century LP
 
Excluded 2,155,685 13,426,108 Yes   -211,243   No 99.6 %
(62) Sail NH II LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
87-1706696
Investment DE Yale University
 
Excluded 1,830 13,417,923 Yes   0   No 89.29 %
(63) JPS HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-8909921
Investment NV Fifth Century LP
 
Unrelated 0 11,446,542   No 0   No 99.6 %
(64) Harbor Hills Holdings LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
02-0729602
Investment DE Yale University
 
Unrelated 2,082,256 10,570,129   No 1,820,410   No 100 %
(65) KENWOOD LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
38-3863347
Investment DE Fourth Century LLC
 
Excluded -707,634 10,180,540   No 0   No 79.84 %
(66) QUINN LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-3879664
Investment NV Fifth Century LP
 
Excluded -587,694 10,111,239   No 0   No 79.84 %
(67) RIDGEFIELD IX LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
90-1007364
Investment DE Fourth Century LLC
 
Excluded -90,611 10,068,011   No 0   No 79.84 %
(68) CLEVELAND LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
90-0743297
Investment DE Fourth Century LLC
 
Excluded 407,994 10,025,189 Yes   -43,849   No 79.84 %
(69) RANNOCH LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
88-1780056
Investment DE Fourth Century LLC
 
Excluded 753 9,732,506   No 0   No 87.33 %
(70) HEVP II HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1828824
Investment NV Fifth Century LP
 
Excluded 99,456 9,726,838   No 0   No 99.6 %
(71) RAMSGATE X LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
27-3616177
Investment DE Fourth Century LLC
 
Excluded 0 9,531,306   No 0   No 79.84 %
(72) KENHOWE LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
88-1786442
Investment DE Fourth Century LLC
 
Excluded 1,062 8,923,284   No 0   No 87.33 %
(73) ABINGDON LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
61-1707283
Investment DE Fourth Century LLC
 
Excluded 2,180,913 8,868,477 Yes   -9,690   No 79.84 %
(74) YUMA LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1584783
Investment NV Fifth Century LP
 
Excluded 897 7,861,428   No 0   No 79.84 %
(75) KENWOOD 2014 LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-5704870
Investment DE Fourth Century LLC
 
Excluded 791,744 7,422,391   No 0   No 79.84 %
(76) CALVERT VI LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1603346
Investment NV Fifth Century LP
 
Excluded 102,989 7,348,484 Yes   -14,342   No 79.84 %
(77) BARTON LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
35-2497887
Investment DE Fourth Century LLC
 
Excluded 22,282,639 6,751,221   No 0   No 79.84 %
(78) RCP HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2008465
Investment NV Fifth Century LP
 
Excluded 11,733,629 6,241,031 Yes   40,195   No 99.6 %
(79) MAYHEW LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
88-1815816
Investment DE Fourth Century LLC
 
Excluded -34,387 6,182,600   No 0   No 87.33 %
(80) BARTON-A LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
61-1732894
Investment DE Fourth Century LLC
 
Excluded 4,833,789 6,139,211   No 0   No 79.84 %
(81) IRIS 2009 LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-4100777
Investment NV Fifth Century LP
 
Excluded 2,864,912 5,943,595   No 0   No 99.6 %
(82) SANGAMORE III LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0753284
Investment DE Fourth Century LLC
 
Unrelated -747,485 5,246,806 Yes   -415,449   No 79.84 %
(83) CAUTHEN VII LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-3653027
Investment DE Fourth Century LLC
 
Excluded -261,088 5,059,734 Yes   -9,370   No 79.84 %
(84) FILLMORE LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-3783115
Investment DE Fourth Century LLC
 
Excluded 1,628,770 4,969,860   No 0   No 79.84 %
(85) RAMSGATE IX LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-8833887
Investment DE Fourth Century LLC
 
Excluded 0 4,921,882   No 0   No 79.84 %
(86) KENWOOD 2014-A LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-5722301
Investment DE Fourth Century LLC
 
Excluded 2,877,425 4,730,557 Yes   -170   No 79.84 %
(87) ODE LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
37-1567347
Investment DE Fourth Century LLC
 
Excluded 0 4,627,241   No 0   No 79.84 %
(88) FRC II HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1670120
Investment NV Fifth Century LP
 
Excluded 1,774,279 4,268,199   No 0   No 99.6 %
(89) Elm Street Ventures LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
04-3843574
Investment DE Yale University
 
Excluded -94,664 4,148,230 Yes   0   No 53.86 %
(90) HUIDIKOPER LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-4196504
Investment NV Fifth Century LP
 
Excluded 1,913,770 3,970,332   No 0   No 79.84 %
(91) Morris Island Partners LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-4538290
Investment DE Fourth Century LLC
 
Excluded 676 3,808,745   No 0   No 98.78 %
(92) UHLE LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
27-3981909
Investment DE Fourth Century LLC
 
Excluded 12,377 3,744,503   No 0   No 79.84 %
(93) TILDEN III LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-2024260
Investment DE Fourth Century LLC
 
Excluded 1,277,688 3,621,235   No 0   No 79.84 %
(94) CALVERT LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-3960036
Investment NV Fifth Century LP
 
Excluded 169,496 3,509,223 Yes   -9,604   No 79.84 %
(95) FIF IV (CFA) HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-4764198
Investment NV Fifth Century LP
 
Unrelated -30,171 3,501,651 Yes   -33,702   No 99.6 %
(96) GLOSTER III LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-8833953
Investment DE Fourth Century LLC
 
Excluded 0 3,357,776   No 0   No 79.84 %
(97) YADKIN IV LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-1569715
Investment DE Fourth Century LLC
 
Excluded -411,287 3,301,098   No 0   No 79.84 %
(98) AEF 6 US HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-2867531
Investment NV Fifth Century LP
 
Excluded -915,228 3,227,922   No 0   No 99.6 %
(99) POE LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-2765485
Investment NV Fifth Century LP
 
Excluded 925,956 3,108,160 Yes   260,765   No 79.84 %
(100) ANACONDA LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-0596408
Investment   Fifth Century LP
 
Excluded -1,189,875 3,081,225   No 0   No 98.8 %
(101) CAUTHEN IX LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
46-5376519
Investment DE Fourth Century LLC
 
Excluded -82,401 2,462,029 Yes   -19,342   No 79.84 %
(102) BCVF 2007 HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-5965183
Investment NV Fifth Century LP
 
Excluded 37,271 2,440,059   No 0   No 99.6 %
(103) JBG Investment Fund IV LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
01-0815265
Investment DE Fourth Century LLC
 
Unrelated -3,351,390 2,100,727 Yes   -3,486,948   No 59.88 %
(104) WHITEHAVEN LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-3915778
Investment DE Fourth Century LLC
 
Excluded -11,651 2,019,573   No 0   No 79.84 %
(105) DENT VI LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-2867610
Investment NV Fifth Century LP
 
Excluded -274,547 2,019,084   No 0   No 79.84 %
(106) CAUTHEN VI LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-8202030
Investment DE Fourth Century LLC
 
Excluded -126,964 1,990,137 Yes   -7,363   No 79.84 %
(107) Relentless Investments Fund I LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
33-4487005
Investment DE Yale University
 
Excluded 0 1,818,181   No 0   No 100 %
(108) RAMSGATE IX A LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1797786
Investment DE Fourth Century LLC
 
Excluded 0 1,789,776   No 0   No 79.84 %
(109) KCF HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-8861865
Investment NV Fifth Century LP
 
Excluded 431,539 1,695,939   No 0   No 99.6 %
(110) WESTPATH LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2297672
Investment DE Fourth Century LLC
 
Excluded 1,220 1,643,314   No 0   No 79.84 %
(111) WYNNWOOD VIII LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-3294405
Investment NV Fifth Century LP
 
Excluded 2,006,251 1,532,586 Yes   29,056   No 79.84 %
(112) WOODWAY LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1206761
Investment NV Fifth Century LP
 
Excluded 96,554 1,466,191   No 0   No 79.84 %
(113) MEP IX LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
75-2537935
Investment DE Fourth Century LLC
 
Excluded 1,204,202 1,291,821   No 0   No 99.8 %
(114) ALDERBROOK LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2939768
Investment NV Fifth Century LP
 
Excluded -146,986 1,269,360   No 0   No 79.84 %
(115) MEP IV HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0646713
Investment NV Fifth Century LP
 
Excluded 74,154 1,137,589   No 0   No 99.6 %
(116) LORTON-A LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-4239136
Investment DE Fourth Century LLC
 
Excluded -53,088 966,770   No 0   No 79.84 %
(117) Freshet Wind Energy LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
33-1200160
Investment DE FWEB LLC
 
Excluded -11,418 912,623   No -1,425,582   No 79.84 %
(118) ARLINGTON LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
38-3909979
Investment DE Fourth Century LLC
 
Excluded 13,425 851,838   No 0   No 79.84 %
(119) BE III HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-5495967
Investment NV Fifth Century LP
 
Excluded -1,290,214 845,657   No 0   No 99.6 %
(120) LORTON LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-4238865
Investment DE Fourth Century LLC
 
Excluded 69,199 836,669   No 0   No 79.84 %
(121) YADKIN LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2707395
Investment DE Fourth Century LLC
 
Excluded 458,589 828,811 Yes   3,598   No 79.84 %
(122) WILSON LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-2232279
Investment NV Fifth Century LP
 
Excluded -1,124,371 779,005   No 0   No 79.84 %
(123) CHANDLER LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
32-0438514
Investment DE Fourth Century LLC
 
Excluded 378,407 705,639 Yes   -2,151   No 79.84 %
(124) Manaslu Fund II LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1158285
Investment   Fourth Century LLC
 
Excluded 18,456,175 322,793   No 0   No 61.6 %
(125) AVON LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-4056103
Investment NV Fifth Century LP
 
Unrelated 107,980 201,226 Yes   100,993   No 79.84 %
(126) RIDGEFIELD VIII LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1603389
Investment NV Fifth Century LP
 
Excluded 3,372 154,917   No 0   No 79.84 %
(127) ORDWAY LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-5189347
Investment NV Fifth Century LP
 
Excluded 27,103 112,836   No 0   No 79.84 %
(128) EDMUNDS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-4257832
Investment NV Fifth Century LP
 
Excluded -47,289 98,728   No 0   No 79.84 %
(129) Kilimanjaro Fund LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
98-1288980
Investment   Yale University
 
Excluded 472 55,575 Yes   0   No 79.9 %
(130) TILDEN II LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
27-4210952
Investment DE Fourth Century LLC
 
Excluded 62,691 9,265   No 0   No 79.84 %
(131) 4620 Associates LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
13-4036667
Investment DE Yale University
 
Excluded 4,528 0   No 0   No 83.99 %
(132) ALAMANCE VII LLC

C/O Yale University
PO Box 208239
New Haven,CT065208239
45-2046522
Investment DE Fourth Century LLC
 
Excluded 378,887 0   No 0   No 79.84 %
(133) BOF HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-5923569
Investment NV Fifth Century LP
 
Excluded -1,834,113 0   No 0   No 99.6 %
(134) Farallon Capital Institutional Partners 25 LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
94-3388317
Investment DE Yale University
 
Unrelated -580,824 0 Yes   -550,473   No 87.26 %
(135) FESSENDEN LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-2270383
Investment NV Fifth Century LP
 
Excluded 859,470 0   No 0   No 79.84 %
(136) HEVP HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-4982016
Investment NV Fifth Century LP
 
Excluded -699,280 0   No 0   No 99.6 %
(137) OM HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-5073267
Investment NV Fifth Century LP
 
Excluded -850,584 0   No 0   No 99.6 %
(138) TDRC II-A LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-5025534
Investment NV Fifth Century LP
 
Excluded -28,131,052 0   No 0   No 99.6 %
(139) WINDOM LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-1768804
Investment NV Fifth Century LP
 
Excluded 624,032 0 Yes   -13,585   No 79.84 %
(140) Harbor Hills Country Club LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
16-1453797
Investment DE Harbor Hills Holdings LP
 
Unrelated -124,823 -9,682,221   No -124,817   No 99 %
(141) SEDGWICK LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0483594
Investment NV Fifth Century LP
 
Excluded 8,716,154 -12,988,621 Yes   47,151   No 79.84 %
(142) RCP II HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
26-0444200
Investment NV Fifth Century LP
 
Excluded 10,993,610 -16,203,305 Yes   58,939   No 99.6 %
(143) NIFL HOLDINGS LP

C/O Yale University
PO Box 208239
New Haven,CT065208239
20-8973999
Investment NV Fifth Century LP
 
Excluded 55,971,812 -71,206,818   No 0   No 99.6 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes No
(1) New FYI Ltd

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment   Wingspan LP
 
C Corporation 598,766,422 1,388,716,840 87.45 % Yes  
(2) The Caeruleus Fund

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment   Fourth Century LLC
 
C Corporation 157,665,981 768,997,435 99.8 % Yes  
(3) EMK Capital Partners Feeder LP

c/o Yale University
PO Box 208239
New Haven,CT065208239
98-1585317
Investment   Yale University
 
C Corporation 2,442,782 275,408,373 88.99 % Yes  
(4) CRS Fund Ltd

c/o Yale University
PO Box 208239
New Haven,CT065208239
90-0314487
Investment   CYR Holdings LP
 
C Corporation 33,533,238 194,638,144 95.54 % Yes  
(5) PWEB LLC

c/o Yale University
PO Box 208239
New Haven,CT065208239
27-3304430
Investment DE Fourth Century LLC
 
C Corporation 9,940,947 70,123,565 99.8 % Yes  
(6) HHLR Yali Feeder Ltd

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment   Fourth Century LLC
 
C Corporation 2,040,878 49,774,449 99.8 % Yes  
(7) Fourth Century Trust

c/o Yale University
PO Box 208239
New Haven,CT065208239
20-6699631
Investment CT Yale University
 
Trust 4,836,773 44,720,098 100 % Yes  
(8) LTR Focus Fund

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment   Yale University
 
C Corporation -1,363,844 42,049,383 100 % Yes  
(9) YB Cayman Ltd

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment   YB Institutional LP
 
C Corporation 12,669 28,692,149 98.8 % Yes  
(10) Cedar Captive Incorporated PIC

c/o Yale University
PO Box 208239
New Haven,CT065208239
06-0646973
Investment   Cedar Captive Segregated Portfolio
 
C Corporation 352,153 14,999,343 100 % Yes  
(11) NW UK REGIONAL II (NO 1) LP

c/o Yale University
PO Box 208239
New Haven,CT065208239
98-1208249
Investment   Fourth Century LLC
 
C Corporation 1,557,567 7,986,226 99.8 % Yes  
(12) 3313148 Nova Scotia Limited

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment   OM Holdings LP
 
C Corporation 669,956 3,878,265 98.6 % Yes  
(13) BU IV (LP) Feeder LP

c/o Yale University
PO Box 208239
New Haven,CT065208239
98-1737397
Investment   Yale University
 
C Corporation -1,427,704 3,222,874 76.22 % Yes  
(14) FWEB LLC

c/o Yale University
PO Box 208239
New Haven,CT065208239
27-3304506
Investment DE Fourth Century LLC
 
C Corporation 2,229 1,104,231 99.8 % Yes  
(15) Connecticut Boola Inc

c/o Yale University
PO Box 208239
New Haven,CT065208239
06-0798544
Investment CT Yale University
 
C Corporation 19,510 103,165 100 % Yes  
(16) Harbor Hills Country Club Inc

c/o Yale University
PO Box 208239
New Haven,CT065208239
16-1452585
Investment DE Harbor Hills Holdings LP
 
C Corporation 0 37,046 100 % Yes  
(17) Harbor Hills Sales Inc

c/o Yale University
PO Box 208239
New Haven,CT065208239
59-3343340
Investment FL Harbor Hills Holdings LP
 
C Corporation 0 1,000 100 % Yes  
(18) Cedar Captive Segregated Portfolio

c/o Yale University
PO Box 208239
New Haven,CT065208239
06-0646973
Investment   Yale University
 
C Corporation 0 1 100 % Yes  
(19) Drama Productions Inc

c/o Yale University
PO Box 208239
New Haven,CT065208239
06-0851103
Performing Arts CT Yale University
 
C Corporation 0 0 100 % Yes  
(20) Elementum Opportunities Fund Ltd

c/o Yale University
PO Box 208239
New Haven,CT065208239
98-1727188
Investment   YB Institutional LP
 
C Corporation 1,772,047 0 98.8 % Yes  
(21) Horseshoe RE limited on behalf of and for the benefit of its separate accou
nt EOF20030
c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment   Elementum Opportunities Fund Ltd
 
C Corporation -400,200 0 98.8 % Yes  
(22) Yale University Hong Kong Trust

c/o Yale University
PO Box 208239
New Haven,CT065208239
Accepts charitable contributions   Yale University
 
Trust 8,594,250 0 100 % Yes  
(23) Charitable Pooled Income Funds (3)

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment CT Various
 
Trust         No
(24) Charitable Remainder Trusts (37)

c/o Yale University
PO Box 208239
New Haven,CT065208239
Investment CT Yale University
 
Trust         No
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
Yes
 
h Purchase of assets from related organization(s) ............................
1h
Yes
 
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1) 3C Corporation

B 1,149,992 CASH VALUE
(2) 3C Corporation

S 2,706,016 CASH VALUE
(3) 5C Corporation

B 495,774 CASH VALUE
(4) 5C Corporation

S 3,387,941 CASH VALUE
(5) BU IV (LP) Feeder LP

B 11,846,119 CASH VALUE
(6) Cedar Captive Incorporated PIC

B 7,147,847 CASH VALUE
(7) Drama Productions Inc

P 776,231 CASH VALUE
(8) Elm Street Ventures LP

B 83,155 CASH VALUE
(9) Farallon Capital Institutional Partners 25 LP

S 10,905,580 CASH VALUE
(10) Farallon Capital Institutional Partners II LP

B 9,421,584 CASH VALUE
(11) Farallon Capital Institutional Partners II LP

S 150,047,409 CASH VALUE
(12) Fifth Century LP

B 124,162,192 CASH VALUE
(13) Fifth Century LP

S 861,166,394 CASH VALUE
(14) Fourth Century LLC

B 573,846,019 CASH VALUE
(15) Fourth Century LLC

S 1,350,300,919 CASH VALUE
(16) Fourth Century Trust

S 5,567,634 CASH VALUE
(17) Foxway LP

S 200,000,000 CASH VALUE
(18) Harbor Hills Holdings LP

S 750,000 CASH VALUE
(19) Itiner VI Victrix LP

S 32,832,016 CASH VALUE
(20) KE Ascent LP

B 40,400,000 CASH VALUE
(21) Keyframe 3523 Fund LP

B 3,650,006 CASH VALUE
(22) Long Meadow LP

S 109,130,402 CASH VALUE
(23) Manaslu Fund III LP

S 7,135,216 CASH VALUE
(24) Northwood US Real Estate Fund TE LP

B 61,123,703 CASH VALUE
(25) Northwood US Real Estate Fund TE LP

S 1,589,723 CASH VALUE
(26) Pantzer Strategic Real Estate Fund VI-R LP

B 49,698,691 CASH VALUE
(27) Pantzer Strategic Real Estate Fund VI-R LP

S 562,370 CASH VALUE
(28) Relentless Investment Fund I LP

B 1,818,181 CASH VALUE
(29) Strategic Residential Fund II LLC

S 97,967,215 CASH VALUE
(30) The Board of Trustees of The Sheffield Scientific School

S 26,963,799 CASH VALUE
(31) The Chief Executive Leadership Institute of the Yale School of Management I
nc
S 761,740 CASH VALUE
(32) The Lyme Forest Fund V TE LP

S 1,443,125 CASH VALUE
(33) The Paul Mellon Centre for Studies in British Art

B 10,179,456 CASH VALUE
(34) Wingspan LP

B 93,750,000 CASH VALUE
(35) Wingspan LP

S 228,750,000 CASH VALUE
(36) Yale University Elizabethan Club Corp

R 921,880 CASH VALUE
(37) Yale University Hong Kong Trust

C 8,594,250 CASH VALUE
(38) Yale University Press London

S 2,688,087 CASH VALUE
(39) Yale University Press London

R 2,751,005 CASH VALUE
(40) Yale University Press London

Q 101,797 CASH VALUE
(41) Yale University Press London

H 1,796,729 CASH VALUE
(42) Yale University Press London

G 1,276,568 CASH VALUE
(43) Yale University Press London

P 336,396 CASH VALUE
(44) Yale University Press London

B 195,928 CASH VALUE
(45) Yale University Press London

L 250,703 CASH VALUE
(46) Yale University Retiree Health Benefits Coverage Trust

Q 21,170,176 CASH VALUE
(47) Yale University Retiree Health Benefits Coverage Trust

B 93,190,000 CASH VALUE
(48) YB Institutional Limited Partnership

S 125,000,000 CASH VALUE
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income




(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership


Yes No Yes No Yes No






























Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
SCHEDULE R, PARTS I-V: NAME, ADDRESS AND EIN: THE FORM 990, SCHEDULE R, LISTS THE NAME OF EACH ENTITY AS OF THE DATE OF THE FORM 990 FILING.
Schedule R, Part III, Column (h) DISPROPORTIONATE ALLOCATIONS INDICATED IN COLUMN (H) OF PART III GENERALLY RELATE TO I.) A GENERAL PARTNER'S TYPICAL CARRIED INTEREST WITH RESPECT TO PRIVATE FUND INVESTMENTS OR II.) ALLOCATIONS AMONG 501(C)(3) ORGANIZATIONS THAT ARE PARTNERS OR MEMBERS IN AN INVESTMENT ENTITY.
Schedule R, Part IV CHARITABLE REMAINDER TRUSTS AS OF JUNE 30, 2025, YALE UNIVERSITY HELD A GREATER THAN 50% BENEFICIAL INTEREST IN 37 CHARITABLE REMAINDER TRUSTS (CRTS). THE UNIVERSITY WAS THE TRUSTEE OF 31 OF THESE CRTS, OF WHICH 30 WERE DOMICILED IN CONNECTICUT AND ONE IN MASSACHUSETTS.
Schedule R, Part V, Line 2 TRANSFERS THIS SCHEDULE REFLECTS ALL TRANSFERS BY YALE UNIVERSITY TO CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX-EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES MADE FURTHER TRANSFERS TO OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY. IN ADDITION, THIS SCHEDULE REFLECTS ALL TRANSFERS TO YALE UNIVERSITY BY CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX-EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES RECEIVED TRANSFERS FROM OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY.
Schedule R, Part III, Column (g) End-of-Year-Assets Beginning with the FYE 6/30/21, the IRS requires partnerships to report partner capital accounts on a tax basis using the tax basis method.
Schedule R (Form 990) (Rev. 1-2025)

Additional Data


Software ID: 24020961
Software Version: 2024v5.1






TY 2024 AffiliatedGroupSchedule
Name:
Yale University
EIN:
06-0646973
Software ID:
24020961
Software Version:
2024v5.1
Affiliated Group Business Name:
Yale University
Address. Either US or Foreign Type:
PO Box 208239
New Haven, CT065208239    
EIN:
06-0646973
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
796,632
Total Lobbying Expenditures:
796,632
Other Exempt Purpose Expenditures:
6,163,664,129
Total Exempt Purpose Expenditures:
6,164,460,761
Lobbying Nontaxable Amount:
1,000,000
Grassroots Nontaxable Amount:
250,000
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
3C CORPORATION
Address. Either US or Foreign Type:
PO BOX 208239
NEW HAVEN, CT06520    
EIN:
41-2046529
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
0
Total Exempt Purpose Expenditures:
0
Lobbying Nontaxable Amount:
0
Grassroots Nontaxable Amount:
0
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
5C CORPORATION
Address. Either US or Foreign Type:
PO BOX 208239
NEW HAVEN, CT06520    
EIN:
20-0763050
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
0
Total Exempt Purpose Expenditures:
0
Lobbying Nontaxable Amount:
0
Grassroots Nontaxable Amount:
0
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
ALUMNI FUND ASSOCIATION OF YALE UNIVERSITY
Address. Either US or Foreign Type:
157 CHURCH STREET
NEW HAVEN, CT06510    
EIN:
06-6078326
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
0
Total Exempt Purpose Expenditures:
0
Lobbying Nontaxable Amount:
0
Grassroots Nontaxable Amount:
0
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
THE BOARD OF TRUSTEES OF THE SHEFFIELD SCIENTIFIC SCHOOL
Address. Either US or Foreign Type:
PO BOX 208239
NEW HAVEN, CT06520    
EIN:
06-6032565
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
29,257,425
Total Exempt Purpose Expenditures:
29,257,425
Lobbying Nontaxable Amount:
1,000,000
Grassroots Nontaxable Amount:
250,000
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
THE CHIEF EXECUTIVE LEADERSHIP INSTITUTE OF THE YALE SCHOOL OF MANAGEMENT I
NC
Address. Either US or Foreign Type:
101 CONSTITUTION AVENUE SUITE 825
WASHINGTON, DC20001    
EIN:
58-2617787
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
2,832,989
Total Exempt Purpose Expenditures:
2,832,989
Lobbying Nontaxable Amount:
291,649
Grassroots Nontaxable Amount:
72,912
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
THE NEW CLINICAL PROGRAM DEVELOPMENT CORPORATION
Address. Either US or Foreign Type:
789 HOWARD AVENUE
NEW HAVEN, CT06519    
EIN:
06-1565494
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
0
Total Exempt Purpose Expenditures:
0
Lobbying Nontaxable Amount:
0
Grassroots Nontaxable Amount:
0
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TRUST
Address. Either US or Foreign Type:
PO BOX 208239
NEW HAVEN, CT06520    
EIN:
06-6414276
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
46,106,114
Total Exempt Purpose Expenditures:
46,106,114
Lobbying Nontaxable Amount:
1,000,000
Grassroots Nontaxable Amount:
250,000
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
YALE NEW HAVEN MEDICAL CENTER INC
Address. Either US or Foreign Type:
20 YORK STREET
NEW HAVEN, CT06510    
EIN:
23-7440891
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
2,192,753
Total Exempt Purpose Expenditures:
2,192,753
Lobbying Nontaxable Amount:
259,638
Grassroots Nontaxable Amount:
64,909
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
THE GRUBER FOUNDATION
Address. Either US or Foreign Type:
PO BOX 208239
NEW HAVEN, CT06520    
EIN:
45-1540594
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
6,572,381
Total Exempt Purpose Expenditures:
6,572,381
Lobbying Nontaxable Amount:
478,619
Grassroots Nontaxable Amount:
119,655
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
Yale Medical Foundation Inc
Address. Either US or Foreign Type:
2 Whitney Ave 6th Floor
New Haven, CT06510    
EIN:
35-2672947
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
0
Total Lobbying Expenditures:
0
Other Exempt Purpose Expenditures:
0
Total Exempt Purpose Expenditures:
0
Lobbying Nontaxable Amount:
0
Grassroots Nontaxable Amount:
0
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0
Affiliated Group Business Name:
YALE UNIVERSITY
Address. Either US or Foreign Type:
POBOX 208239
NEW HAVEN, CT06520    
EIN:
06-0646973
Electing Organization Checkbox:
Total Grassroots Lobbying:
0
Total Direct Lobbying:
796,632
Total Lobbying Expenditures:
796,632
Other Exempt Purpose Expenditures:
6,163,664,129
Total Exempt Purpose Expenditures:
6,164,460,761
Lobbying Nontaxable Amount:
1,000,000
Grassroots Nontaxable Amount:
250,000
Tot Lobbying Grassroot Minus Non Tx:
0
Tot Lobby Expend Mns Lobbying Non Tx:
0
Share Of Excess Lobbying:
0