TRUSTEES OF BOSTON UNIVERSITY

EIN: 042103547 501(c)(3)

BOSTON, MA

Total Revenue
$3,513,830,353
Total Expenses
$3,419,039,088
Total Assets
$9,263,866,015
Net Assets
$6,351,479,271
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1869
Legal Domicile
MA
Principal Officer
MELISSA L GILLIAM
Phone
6173532290
Tax Period
2024-07-01 to 2025-06-30

TRUSTEES OF BOSTON UNIVERSITY, founded in 1869, is a large national nonprofit that reported $3.5B in total revenue in fiscal year 2024.

Mission

(1) REFER TO SCHEDULE J, PART II DISCLOSURE RELATED TO THE HOUSING ALLOWANCE PROVIDED TO PRESIDENT GILLIAM. PROVOST WATERS, FORMER PRESIDENT AD INTERIM KENNETH FREEMAN, AND PROVOST AD INTERIM KENNETH LUTCHEN WERE NOT REQUIRED TO AND THEREFORE DID NOT LIVE IN UNIVERSITY RESIDENCES DURING THEIR TERM. (2) FIRST-CLASS TRAVEL: IN ACCORDANCE WITH THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES, ALL EMPLOYEES ARE REIMBURSED FOR ECONOMY AIRFARE. EXCEPTIONS FOR TRAVEL INVOLVING AN EXTENDED PERIOD OF TIME ARE PERMITTED IN ACCORDANCE WITH THE TERMS OF THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES. THE PRESIDENT'S EMPLOYMENT AGREEMENT ALLOWS FOR FIRST-CLASS TRAVEL. TRAVEL FOR BUSINESS PURPOSES, INCLUDING FIRST-CLASS TRAVEL, IS NOT INCLUDED IN TAXABLE WAGES. PRESIDENT GILLIAM AND FORMER PRESIDENT AD INTERIM FREEMAN ARE THE ONLY INDIVIDUALS REPORTED ON FORM 990, PART VII WHO TRAVELED FIRST-CLASS DURING CALENDAR YEAR 2024. (3) TRAVEL FOR COMPANIONS: IN ACCORDANCE WITH THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES, BOSTON UNIVERSITY ALLOWS COMPANION TRAVEL FOR BONA FIDE BUSINESS PURPOSES. ALL SUCH CASES REQUIRE PRIOR WRITTEN APPROVAL OF AN AUTHORIZED SENIOR EXECUTIVE. THE PRESIDENT'S EMPLOYMENT AGREEMENT ALLOWS FOR SPOUSAL TRAVEL. COMPANION TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. PRESIDENT GILLIAM WAS THE ONLY INDIVIDUAL REPORTED ON FORM 990, PART VII WHO UTILIZED COMPANION TRAVEL DURING CALENDAR YEAR 2024.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $783,991,107
Program Service Revenue $2,489,134,642
Investment Income $198,978,438
Other Revenue $41,726,166
TOTAL REVENUE $3,513,830,353

Expense Breakdown

Grants Paid $938,613,847
Salaries & Benefits $1,627,719,708
Fundraising Expenses $43,068,745
Program Expenses $3,108,387,027
Other Expenses $852,210,053
TOTAL EXPENSES $3,419,039,088

Year-over-Year Comparison

2024 2023 Change
Revenue $3,513,830,353 $3,257,563,350 +0.1%
Expenses $3,419,039,088 $3,195,959,811 +0.1%
Net Income $94,791,265 $61,603,539 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
34
Independent Members
32
Employees
29156
Volunteers
204

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$3,116,241
Total Directors
37
$1,974,219
Key Employees
4
$3,466,035
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA L GILLIAM PRESIDENT (AS OF 7/1/24) 55.00
Officer Director
$1,350,089 $354,211 $1,704,300
KEVIN E SMITH TRUSTEE & PROFESSOR 55.00
Director
$231,946 $37,973 $269,919
MAUREEN ALPHONSE-CHARLES TRUSTEE 3.00
Director
$0 $0 $0
THOMAS J BICKERTON TRUSTEE (AS OF 9/26/24) 3.00
Director
$0 $0 $0
CASSANDRA M CLAY TRUSTEE 3.00
Director
$0 $0 $0
CYNTHIA R COHEN TRUSTEE 3.00
Director
$0 $0 $0
JOHN D COURIS TRUSTEE (AS OF 9/26/24) 3.00
Director
$0 $0 $0
SHAMIM A DAHOD TRUSTEE 3.00
Director
$0 $0 $0
NATHANIEL DALTON TRUSTEE 3.00
Director
$0 $0 $0
AHMASS L FAKAHANY TRUSTEE 3.00
Director
$0 $0 $0
MAURICE R FERRE TRUSTEE 3.00
Director
$0 $0 $0
SANDRA A FRAZIER TRUSTEE 3.00
Director
$0 $0 $0
MICHAEL D FRICKLAS TRUSTEE 3.00
Director
$0 $0 $0
RYAN K ROTH GALLO TRUSTEE 3.00
Director
$0 $0 $0
RICHARD C GODFREY TRUSTEE 3.00
Director
$0 $0 $0
ANTONIO G GOMES TRUSTEE 3.00
Director
$0 $0 $0
CAROLYN HESSLER-RADELET TRUSTEE (UNTIL 8/20/24) 3.00
Director
$0 $0 $0
RAJEN A KILACHAND TRUSTEE (UNTIL 9/26/24) 3.00
Director
$0 $0 $0
RANCH C KIMBALL TRUSTEE 3.00
Director
$0 $0 $0
ANTOINETTE R LEATHERBERRY TRUSTEE 3.00
Director
$0 $0 $0
KENNETH LIN TRUSTEE 3.00
Director
$0 $0 $0
JOSEPH LOSCALZO TRUSTEE 3.00
Director
$0 $0 $0
KEVIN MERIDA TRUSTEE 3.00
Director
$0 $0 $0
RUTH A MOORMAN TRUSTEE 3.00
Director
$0 $0 $0
ALICIA C MULLEN TRUSTEE 3.00
Director
$0 $0 $0
ERIC D MULLER TRUSTEE (AS OF 9/26/24) 3.00
Director
$0 $0 $0
REBECCA NORLANDER TRUSTEE 3.00
Director
$0 $0 $0
JONATHAN PRIESTER TRUSTEE 3.00
Director
$0 $0 $0
SD SHIBULAL TRUSTEE 3.00
Director
$0 $0 $0
HUGO X SHONG TRUSTEE 3.00
Director
$0 $0 $0
KENNETH Z SLATER TRUSTEE 3.00
Director
$0 $0 $0
MALEK SUKKAR TRUSTEE 3.00
Director
$0 $0 $0
NINA C TASSLER TRUSTEE (AS OF 9/26/24) 3.00
Director
$0 $0 $0
ELIZABETH C THORS TRUSTEE 3.00
Director
$0 $0 $0
LISA WENDT TRUSTEE (AS OF 9/26/24) 3.00
Director
$0 $0 $0
PETER L WEXLER TRUSTEE 3.00
Director
$0 $0 $0
STEPHEN M ZIDE TRUSTEE (UNTIL 9/26/24) 3.00
Director
$0 $0 $0
ERIKA GEETTER SR VP, GEN COUNSEL, SECRETARY 55.00
Officer
$798,491 $42,915 $841,406
NICOLE K TIRELLA SR VP, CFO, & TREASURER 55.00
Officer
$507,871 $62,664 $570,535
KAREN H ANTMAN MD MED. CAMPUS PROVOST (UNTIL 6/30/25) 55.00
Key Emp
$1,097,104 $54,996 $1,152,100
DEREK HOWE SR VP OPS, ASSISTANT TREASURER 55.00
Key Emp
$619,475 $64,364 $683,839
KENNETH R LUTCHEN INT UNI PROV (7/1/23-6/30/24) & PROF 55.00
Key Emp
$792,361 $80,830 $873,191
GLORIA WATERS UNIVERSITY PROVOST (AS OF 7/1/24) 55.00
Key Emp
$714,823 $42,082 $756,905
XINNING LI PROFESSOR & PHYSICIAN 0.00
Highest
$0 $68,242 $1,398,885
WILLIAM CREEVY PROFESSOR & PHYSICIAN 0.00
Highest
$0 $71,605 $1,298,522
PUSHKAR MEHRA PROFESSOR & ORAL SURGEON 55.00
Highest
$1,517,272 $74,483 $1,591,755
CLARISSA C HUNNEWELL CHIEF INVESTMENT OFFICER 55.00
Highest
$1,521,326 $63,013 $1,584,339
CHADI TANNOURY PROFESSOR & PHYSICIAN 0.00
Highest
$0 $61,326 $1,437,390
GARY W NICKSA FMR SR VP CFO TREAS (UNTIL 12/31/23)& CONS TO PRESIDENT 55.00
$751,045 $70,656 $821,701
ROBERT A BROWN FMR PRESIDENT (UNTIL 7/31/23) & PROF 55.00
$1,007,277 $65,679 $1,072,956
JEAN MORRISON FMR UNI PROV (UNTIL 6/30/23) & PROF 55.00
$850,827 $69,991 $920,818
KENNETH W FREEMAN FMR INT PRES (8/1/23-6/30/24) & PROF 55.00
$1,094,978 $85,502 $1,180,480
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,513,830,353 $3,419,039,088 $9,263,866,015 $94,791,265
2024 $3,257,563,350 $3,195,959,811 $8,486,418,500 $61,603,539
2023 $3,310,909,056 $3,006,440,897 $8,318,947,751 $304,468,159
2022 $3,129,652,283 $2,838,264,646 $8,017,718,487 $291,387,637
2021 $2,827,583,539 $2,471,119,524 $8,292,157,093 $356,464,015
2020 $2,615,858,845 $2,505,252,148 $7,207,997,851 $110,606,697
2019 $2,661,508,568 $2,428,902,662 $7,019,919,366 $232,605,906
2018 $2,503,487,956 $2,238,507,237 $6,392,541,992 $264,980,719
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