THE GRADUATE CENTER FOUNDATION INC

EIN: 133219419 501(c)(3)

NEW YORK, NY

Total Revenue
$30,324,371
Total Expenses
$8,938,350
Total Assets
$143,554,891
Net Assets
$142,114,276
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
BRIAN A PETERSON
Phone
2128277660
Tax Period
2024-07-01 to 2025-06-30

THE GRADUATE CENTER FOUNDATION INC, founded in 1983, is a mid-sized nonprofit that reported $30.3M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21.4M, a strong 71% operating margin.

Mission

THE GRADUATE CENTER FOUNDATION IS COMMITTED TO PROMOTING AND SAFE-GUARDING THE SUCCESS OF THE GRADUATE CENTER BY RAISING FUNDS AND MANAGING AND INVESTING DONATIONS FOR USE BY THE GRADUATE CENTER. THE BOARD OF TRUSTEES OF THE FOUNDATION SERVES AS ADVISORS TO THE PRESIDENT OF THE GRADUATE CENTER. THE BOARD WORKS TO HEIGHTEN THE VISIBILITY OF THE GRADUATE CENTER AND TO RAISE AWARENESS OF THE GRADUATE CENTER'S CONTRIBUTION TO HIGHER EDUCATION AND ITS CULTURAL VITALITY IN NEW YORK CITY. THE GRADUATE CENTER FOUNDATION HOUSING CORPORATION AND THE GRADUATE CENTER HOUSING CORPORATION LIC ARE SUBSIDIARIES OF THE GRADUATE CENTER FOUNDATION. THE BOARD OF TRUSTEES OF THE HOUSING CORPORATION OVERSEES THE MANAGEMENT OF STREICKER HALL ON EAST 118TH STREET. STREICKER HALL PROVIDE AN AFFORDABLE HOUSING OPTION TO GRADUATE CENTER STUDENTS AND FACULTY. THE GRADUATE CENTER, CUNY, IS THE FOCAL POINT FOR ADVANCED TEACHING AND RESEARCH AT THE CITY UNIVERSITY OF NEW YORK (CUNY), THE NATION'S LARGEST URBAN PUBLIC UNIVERSITY. WITH OVER 35 DOCTORAL AND MASTER'S PROGRAMS OF THE HIGHEST CALIBER, THE GRADUATE CENTER FOSTERS PIONEERING RESEARCH AND SCHOLARSHIP IN THE ARTS AND SCIENCES AND PREPARES STUDENTS FOR CAREERS IN UNIVERSITIES AND THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. THE GRADUATE CENTER'S COMMITMENT TO RESEARCH AND SCHOLARSHIP FOR THE PUBLIC GOOD IS EXEMPLIFIED BY ITS MORE THAN 30 CENTERS, INSTITUTES, AND INITIATIVES, INCLUDING ITS ADVANCED SCIENCE RESEARCH CENTER, A 200,000 SQUARE-FOOT FACILITY IN UPPER MANHATTAN, DESIGNED TO PROMOTE COLLABORATION AMONG SCIENTISTS IN FIVE AREAS OF GLOBAL RESEARCH AND INNOVATION: NANOSCIENCE, PHOTONICS, STRUCTURAL BIOLOGY, NEUROSCIENCE, AND ENVIRONMENTAL SCIENCES. THE GRADUATE CENTER BENEFITS FROM HIGHLY AMBITIOUS AND DIVERSE STUDENTS AND ALUMNI-WHO IN TURN TEACH HUNDREDS OF THOUSANDS OF UNDERGRADUATES EVERY YEAR. THROUGH ITS PUBLIC PROGRAMS, THE GRADUATE CENTER ENHANCES NEW YORK CITY'S INTELLECTUAL AND CULTURAL LIFE. THE GRADUATE CENTER IS LOCATED IN THE HEART OF MANHATTAN AND SET WITHIN THE LARGE AND MULTI-CAMPUS CITY UNIVERSITY OF NEW YORK. IT FOSTERS ADVANCED GRADUATE EDUCATION, ORIGINAL RESEARCH AND SCHOLARSHIP, INNOVATIVE UNIVERSITY-WIDE PROGRAMS, AND VIBRANT PUBLIC EVENTS THAT DRAW UPON AND CONTRIBUTE TO THE COMPLEX COMMUNITIES OF NEW YORK CITY AND BEYOND. THROUGH A BROAD RANGE OF NATIONALLY PROMINENT DOCTORAL PROGRAMS, THE GRADUATE SCHOOL PREPARES STUDENTS TO BE SCHOLARS, TEACHERS, EXPERTS, AND LEADERS IN THE ACADEMY, THE ARTS AND IN THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. COMMITTED TO CUNY'S HISTORIC MISSION OF EDUCATING THE "CHILDREN OF THE WHOLE PEOPLE," WE WORK TO PROVIDE ACCESS TO DOCTORAL EDUCATION FOR DIVERSE GROUPS OF HIGHLY TALENTED STUDENTS, INCLUDING THOSE WHO HAVE BEEN UNDERREPRESENTED IN HIGHER EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $8,409,446

:THE GRADUATE CENTER FOUNDATION WAS ESTABLISHED IN 1983 AS AN INDEPENDENT NOT-FOR-PROFIT ENTITY THAT IS COMMITTED TO PROMOTING AND SAFEGUARDING THE SUCCESS OF THE GRADUATE CENTER. AS THE SOLE CHANNEL...

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:THE GRADUATE CENTER FOUNDATION WAS ESTABLISHED IN 1983 AS AN INDEPENDENT NOT-FOR-PROFIT ENTITY THAT IS COMMITTED TO PROMOTING AND SAFEGUARDING THE SUCCESS OF THE GRADUATE CENTER. AS THE SOLE CHANNEL FOR CONTRIBUTIONS TO THE PROGRAMS, CENTERS AND INSTITUTIONS OF THE GRADUATE CENTER, THE FOUNDATION WORKS WITH THE PRESIDENT AND PROVOST OF THE GRADUATE CENTER ON INSTITUTIONAL PRIORITIES SUCH AS STUDENT HOUSING, CAREER PLANNING AND COLLABORATIVE RESEARCH, AND WITH PROGRAM LEADERS ON TARGETED SCHOLARSHIPS AND STIPENDS, TRAVEL AND CONFERENCE AID, AND COMMUNICATING TO AND FROM ALUMNI. THE FOUNDATION ALSO MANAGES AND INVESTS DONATIONS FOR USE BY THE GRADUATE CENTER.THE CUNY GRADUATE CENTER, A LEADER IN PUBLIC GRADUATE EDUCATION, IS COMMITTED TO DOCTORAL AND MASTER'S EDUCATION FOR THE PUBLIC GOOD. INNOVATIVE RESEARCH, RIGOROUS SCHOLARSHIP, AND COLLABORATIVE AND INTERDISCIPLINARY LEARNING DEFINE GRADUATE EDUCATION HERE, PREPARING STUDENTS WITH THE CREATIVE, PROBLEM-SOLVING EXPERTISE NECESSARY TO THRIVE IN AND BEYOND THE ACADEMIC EXPERIENCE.LOCATED IN THE HEART OF MANHATTAN AND SET WITHIN THE LARGE AND MULTI-CAMPUS CITY UNIVERSITY OF NEW YORK, THE GRADUATE CENTER FOSTERS ADVANCED GRADUATE EDUCATION, ORIGINAL RESEARCH AND SCHOLARSHIP, INNOVATIVE UNIVERSITY-WIDE PROGRAMS, AND VIBRANT PUBLIC EVENTS THAT DRAW UPON AND CONTRIBUTE TO THE COMPLEX COMMUNITIES OF NEW YORK CITY AND BEYOND.THROUGH A BROAD RANGE OF NATIONALLY PROMINENT DOCTORAL PROGRAMS, THE GRADUATE CENTER PREPARES STUDENTS TO BE SCHOLARS, TEACHERS, EXPERTS, AND LEADERS IN THE ACADEMY; IN THE ARTS; AND IN THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. COMMITTED TO CUNY'S HISTORIC MISSION OF EDUCATING THE CHILDREN OF "THE WHOLE PEOPLE," THE GRADUATE CENTER PROVIDES ACCESS TO GRADUATE EDUCATION FOR DIVERSE GROUPS OF HIGHLY TALENTED STUDENTS, INCLUDING THOSE WHO HAVE BEEN UNDERREPRESENTED IN HIGHER EDUCATION.THREE LARGEST PROGRAM SERVICE ACHIEVEMENTS FOR ARE:A. CUNY RECEIVED A $50 MILLION GRANT FROM THE SIMONS FOUNDATION. THE FUNDING ALLOWS CUNY TO CREATE A NEW MASTER'S DEGREE PROGRAM, HIRE NEW FACULTY, AND CREATE WORKFORCE OPPORTUNITIES FOR STUDENTS AND FACULTY AT THE NATION'S LARGEST AND MOST DIVERSE URBAN PUBLIC UNIVERSITY. THE PROGRAM, HOUSED AT THE CUNY GRADUATE CENTER, WILL STRENGTHEN THE UNIVERSITY'S RESEARCH AND INNOVATION CAPABILITIES AND WILL BUILD NEW CAREER PATHWAYS INTO THE ADVANCED COMPUTER INDUSTRY.B. THE CUNY GRADUATE CENTER RECEIVES A $10 MILLION GIFT FROM THE LEON LEVY FOUNDATION TO ENDOW THE LEON LEVY CENTER FOR BIOGRAPHY. THIS DONATION IS THE ONE OF LARGEST IN THE GRADUATE CENTER'S HISTORY AND BRINGS THE LEON LEVY FOUNDATION'S TOTAL GIVING TO THE GC TO $22.8 MILLION. ESTABLISHED WITH A GENEROUS GIFT FROM THE LEON LEVY FOUNDATION IN 2007, THE LEON LEVY CENTER FOR BIOGRAPHY AT THE CUNY GRADUATE CENTER SUPPORTS WORKING BIOGRAPHERS THROUGH ITS PRESTIGIOUS FELLOWSHIP PROGRAM AND CULTIVATES IMPORTANT DISCUSSIONS ABOUT THE ART AND CRAFT OF BIOGRAPHY THROUGH LECTURES AND EVENTS WITH ESTEEMED BIOGRAPHERS. IT ALSO SUPPORTS THE GRADUATE CENTER'S BIOGRAPHY AND MEMOIR MASTER'S PROGRAM.C. BASED AT THE CUNY GRADUATE CENTER, THE ANDREW MELLON FOUNDATION CONTINUES TO SUPPORT THE SOCIAL PRACTICE CUNY PROJECT. THROUGH A GRANT OF $600,000, THE SPCUNY PROJECT IS DESIGNED TO CREATE A NEW GENERATION OF CULTURAL LEADERS IN NYC WHO ARE DIVERSE AND COMMITTED TO BRINGING SOCIAL CHANGE THROUGH ART, DRAWING ON THE STRENGTHS OF INTERDISCIPLINARY MFA PROGRAMS. SPCUNY WORKS TO CONNECT STUDENTS AND FACULTY WORKING IN SOCIALLY ENGAGED ART ACROSS ALL OF THE CUNY CAMPUSES, WITH A FOCUS ON INTERDISCIPLINARY MFA PROGRAMS AT THE SENIOR CUNY COLLEGES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,797,956
Program Service Revenue $0
Investment Income $1,526,291
Other Revenue $124
TOTAL REVENUE $30,324,371

Expense Breakdown

Grants Paid $4,537,404
Salaries & Benefits $2,563,772
Fundraising Expenses $187,609
Program Expenses $8,409,446
Other Expenses $1,837,174
TOTAL EXPENSES $8,938,350

Year-over-Year Comparison

2024 2023 Change
Revenue $30,324,371 $56,719,573 -0.5%
Expenses $8,938,350 $9,375,636 0.0%
Net Income $21,386,021 $47,343,937 -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
24
Independent Members
24
Employees
N/A
Volunteers
N/A

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
8
$1,369,857
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN ALTFEST TRUSTEE 1.00
Director
$0 $0 $0
HUGO BARRECA II PHD TRUSTEE 1.00
Director
$0 $0 $0
JAMES BLANCO TRUSTEE 1.00
Director
$0 $0 $0
HELEN BODIAN TRUSTEE 1.00
Director
$0 $0 $0
LIN BILDNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
PETER DARROW ESQ CHAIR 5.00
Officer Director
$0 $0 $0
MILES GERSTEIN TRUSTEE 1.00
Director
$0 $0 $0
SAMANTHA GILBERT TRUSTEE 1.00
Director
$0 $0 $0
MYRON GLUCKSMAN TREASURER 5.00
Officer Director
$0 $0 $0
ALICE GOH TRUSTEE 1.00
Director
$0 $0 $0
ROBERT GOLDSTEIN SECRETARY 1.00
Officer Director
$0 $0 $0
ELIZABETH HAMMEL TRUSTEE 1.00
Director
$0 $0 $0
BRIAN JONES PHD TRUSTEE 1.00
Director
$0 $0 $0
CRAIG KAPLAN ESQ TRUSTEE 1.00
Director
$0 $0 $0
ALAN KLEIN TRUSTEE 1.00
Director
$0 $0 $0
DWIGHT LEE TRUSTEE 1.00
Director
$0 $0 $0
JOANNA MIGDAL TRUSTEE 1.00
Director
$0 $0 $0
RAYMOND QUINLAN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT RAUCCI TRUSTEE 1.00
Director
$0 $0 $0
ELLEN ZENTNER TRUSTEE 1.00
Director
$0 $0 $0
ELLEN HIVES TRUSTEE 1.00
Director
$0 $0 $0
BRIAN PETERSON S.V.P. FOR FINANCE & ADMIN 1.00
Officer
$0 $54,353 $340,670
WENDY DEMARCO FUENTES V.P. FOR INST'L ADVANCEMEN 35.00
Officer
$0 $41,304 $254,430
JOSHUA BRUMBERG PRESIDENT, GRADUATE CENTER 1.00
Officer
$0 $80,755 $486,205
STEVE EVERETT PROVOST, GRADUATE CENTER 1.00
Officer
$0 $38,875 $288,552
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 $30,324,371 $8,938,350 $143,554,891 $21,386,021
2024 No data No data No data No data
2023 $6,755,470 $8,957,407 $64,986,118 $-2,201,937
2022 $7,600,151 $8,196,180 $65,758,567 $-596,029
2021 $16,026,752 $8,066,550 $72,994,369 $7,960,202
2020 $9,653,748 $8,688,688 $59,268,933 $965,060
2019 $11,336,179 $8,141,766 $57,764,005 $3,194,413
2018 $9,994,285 $6,861,337 $54,451,228 $3,132,948
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