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 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

THE UNIVERSITY'S COLLECTIONS, ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED.

Program Service Accomplishments

Program 1
Expenses: $2,032,098,482 Revenue: $2,075,071,922

INSTRUCTION - BOSTON UNIVERSITY TODAY IS ONE OF THE MOST DYNAMIC, FORWARD-LOOKING PRIVATE RESEARCH UNIVERSITIES IN THE WORLD, WITH STUDENTS AND FACULTY WHO ARE IMMERSED IN INNOVATIVE EDUCATIONAL...

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INSTRUCTION - BOSTON UNIVERSITY TODAY IS ONE OF THE MOST DYNAMIC, FORWARD-LOOKING PRIVATE RESEARCH UNIVERSITIES IN THE WORLD, WITH STUDENTS AND FACULTY WHO ARE IMMERSED IN INNOVATIVE EDUCATIONAL PROGRAMS AT THE FRONTIERS OF SCHOLARSHIP, RESEARCH, AND PUBLIC SERVICE, ALL IN A 21ST-CENTURY ATMOSPHERE OF URBAN AND GLOBAL ENGAGEMENT. WITH 17 SCHOOLS AND COLLEGES AND THE FACULTY OF COMPUTING & DATA SCIENCES AND THREE CAMPUSES BOSTON UNIVERSITY OFFERS ITS STUDENTS MORE THAN 300 PROGRAMS OF STUDY IN THE LIBERAL ARTS, SCIENCE AND ENGINEERING, HEALTH SCIENCE, THE ARTS, AND OTHER PROFESSIONAL DISCIPLINES. STUDENTS COME FROM ALL OVER THE GLOBE AND STUDY AROUND THE WORLD THROUGH MORE THAN 170 STUDY ABROAD PROGRAMS OFFERING OPPORTUNITIES IN MORE THAN 20 COUNTRIES. BOSTON UNIVERSITY FACULTY ARE COMMITTED TO EXCELLENCE IN TEACHING AND IN PATH-BREAKING RESEARCH AND SCHOLARSHIP. THEY ARE EXPANDING THE BOUNDARIES OF KNOWLEDGE ACROSS DISCIPLINES, FROM MOLECULAR MEDICINE, BIOLOGICAL EVOLUTION, AND HIGH-ENERGY PHYSICS TO BUSINESS MANAGEMENT, POETRY, AND THE PERFORMING ARTS. THE UNIVERSITY PLACES A STRONG EMPHASIS ON THE INTERDISCIPLINARY AND COLLABORATIVE EFFORTS OF BOTH FACULTY AND STUDENTS, WITH MAJOR INITIATIVES IN NEUROSCIENCE, SYSTEMS BIOLOGY, PHOTONICS, ENGINEERING BIOLOGY, DATA SCIENCES, URBAN HEALTH, GLOBAL HEALTH AND DEVELOPMENT, AND EMERGING INFECTIOUS DISEASES, ALONG WITH RESEARCH IN COMMUNICATIONS AND THE HUMANITIES.

Program 2
Expenses: $455,046,330 Revenue: $21,307,556

RESEARCH - WHAT SETS BOSTON UNIVERSITY APART AS A RESEARCH UNIVERSITY IS THE BREADTH AND DEPTH OF ITS RESEARCH AND THE UNIQUELY ENTREPRENEURIAL SPIRIT OF ITS FACULTY. RESEARCHERS AT BU ARE NOT AFRAID...

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RESEARCH - WHAT SETS BOSTON UNIVERSITY APART AS A RESEARCH UNIVERSITY IS THE BREADTH AND DEPTH OF ITS RESEARCH AND THE UNIQUELY ENTREPRENEURIAL SPIRIT OF ITS FACULTY. RESEARCHERS AT BU ARE NOT AFRAID TO CROSS DISCIPLINARY BOUNDARIES, AS CAN BE SEEN BY STRATEGIC EFFORTS TO SUPPORT INTERDISCIPLINARY RESEARCH AND EDUCATION IN NEUROSCIENCE, RELIGION AND WORLD AFFAIRS, INTEGRATIVE BIOLOGY, CLEAN ENERGY, SUSTAINABILITY AND THE ENVIRONMENT, HEALTH CARE DELIVERY, AND GLOBAL HEALTH, TO NAME A FEW. IN EACH CASE, THE EMPHASIS IS NOT ON INTERDISCIPLINARITY FOR ITS OWN SAKE, BUT ON USING A MULTIFACETED APPROACH TO SOLVE THE IMPORTANT AND COMPLEX PROBLEMS FACING SOCIETY TODAY.

Program 3
Expenses: $393,000,184 Revenue: $392,755,164

AUXILIARIES - AUXILIARY ENTERPRISES SUPPORT THE MISSION OF BOSTON UNIVERSITY BY PROVIDING ESSENTIAL SERVICES TO THE CAMPUS COMMUNITY. THEY ARE ENTERPRISES IN THAT THEY ARE GENERALLY SELF-SUPPORTING...

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AUXILIARIES - AUXILIARY ENTERPRISES SUPPORT THE MISSION OF BOSTON UNIVERSITY BY PROVIDING ESSENTIAL SERVICES TO THE CAMPUS COMMUNITY. THEY ARE ENTERPRISES IN THAT THEY ARE GENERALLY SELF-SUPPORTING ACTIVITIES, RECOVERING THEIR COSTS THROUGH THE FEES OR PRICES THEY CHARGE FOR THEIR GOODS AND SERVICES. AT BOSTON UNIVERSITY, AUXILIARY ENTERPRISES ARE DESIGNED TO DELIVER SUPERIOR QUALITY SERVICES THAT ARE EXPECTED BY THE STUDENTS, FACULTY, STAFF AND ALUMNI.

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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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