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 Vulnerability Assessment (Tuckman-Chang)

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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 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 SUPPORT, CAREER PLANNING AND COLLABORATIVE RESEARCH, AND WITH PROGRAM LEADERS ON TARGETED SCHOLARSHIPS AND STIPENDS, TRAVEL AND CONFERENCE SUPPORT, AND COMMUNICATING TO AND FROM ALUMNI. THE FOUNDATION ALSO MANAGES AND INVESTS DONATIONS FOR USE BY THE GRADUATE CENTER. THE CUNY 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 GRADUATE EDUCATION FOR DIVERSE GROUPS OF HIGHLY-TALENTED STUDENTS, INCLUDING THOSE WHO HAVE BEEN UNDERREPRESENTED IN HIGHER EDUCATION.

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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 $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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