Trustees for Harvard University

EIN: 530199180 501(c)(3) Education

Cambridge, MA

Total Revenue
$68,620,876
Total Expenses
$50,538,041
Total Assets
$1,594,177,509
Net Assets
$1,579,517,801
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
DC
Phone
6174957792
Tax Period
2024-07-01 to 2025-06-30

Trustees for Harvard University, founded in 1941, is a mid-sized nonprofit in the Education sector that reported $68.6M in total revenue in fiscal year 2024. The organization ran a surplus of $18.1M, a strong 26% operating margin.

Mission

TO FACILITATE HARVARD UNIVERSITY'S SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES IN WASHINGTON, DC.

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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 $664,005
Program Service Revenue $276,904
Investment Income $67,651,630
Other Revenue $28,337
TOTAL REVENUE $68,620,876

Expense Breakdown

Grants Paid $2,003,769
Salaries & Benefits $15,563,849
Fundraising Expenses $0
Program Expenses $44,997,556
Other Expenses $32,970,423
TOTAL EXPENSES $50,538,041

Year-over-Year Comparison

2024 2023 Change
Revenue $68,620,876 $66,500,345 +0.0%
Expenses $50,538,041 $48,903,772 +0.0%
Net Income $18,082,835 $17,596,573 +0.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
11
Employees
173
Volunteers
19

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
4
$2,303,686
Total Directors
13
$1,783,463
Key Employees
2
$1,239,067
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN M GARBER SEE SCHEDULE O 1.0
Officer Director
$0 $251,390 $1,642,838
TIMOTHY R BARAKETT TRUSTEE/TREASURER 1.0
Officer Director
$0 $0 $0
BIDDY MARTIN TRUSTEE 1.0
Director
$0 $0 $0
DIANA L NELSON TRUSTEE 1.0
Director
$0 $0 $0
JOSEPH Y BAE TRUSTEE AS OF 07/01/24 1.0
Director
$0 $0 $0
KAREN GORDON MILLS TRUSTEE 1.0
Director
$0 $24,412 $140,625
KENNETH FRAZIER TRUSTEE 1.0
Director
$0 $0 $0
KENNETH I CHENAULT TRUSTEE 1.0
Director
$0 $0 $0
MARIANO-FLORENTINO CUELLAR TRUSTEE 1.0
Director
$0 $0 $0
PENNY S PRITZKER TRUSTEE 1.0
Director
$0 $0 $0
SHIRLEY M TILGHMAN TRUSTEE 1.0
Director
$0 $0 $0
THEODORE V WELLS JR TRUSTEE 1.0
Director
$0 $0 $0
TRACY PALANDJIAN TRUSTEE 1.0
Director
$0 $0 $0
MARC L GOODHEART SEE SCHEDULE O 1.0
Officer
$0 $83,800 $660,848
SUZANNE GLASSBURN SECRETARY AS OF 06/01/25 1.0
Officer
$0 $0 $0
MARK SCHIEFSKY DIRECTOR, CENTER FOR HELLENIC STUDIES 40.0
Key Emp
$0 $280,364 $584,041
THOMAS BF CUMMINS DIRECTOR, DUMBARTON OAKS 60.0
Key Emp
$302,836 $352,190 $655,026
DAVID CONINE DIRECTOR OF FACILITIES, DUMBARTON OAKS 60.0
Highest
$181,148 $24,765 $205,913
KARA HAAS SENIOR DIRECTOR, FEDERAL RELATIONS 60.0
Highest
$206,664 $28,819 $235,483
NIKOLAOS KONTOGIANNIS DIRECTOR OF BYZANTINE STUDIES 60.0
Highest
$182,635 $25,559 $208,194
PANAGIOTA BATSAKIS EXECUTIVE DIRECTOR, DUMBARTON OAKS 60.0
Highest
$236,644 $27,869 $264,513
SUZANNE DAY ASST. VICE PRESIDENT, FEDERAL RELATIONS 60.0
Highest
$292,892 $43,156 $336,048
CLAUDINE GAY SEE SCHEDULE O 0.0
$0 $150,802 $1,548,551
GREGORY NAGY SEE SCHEDULE O 0.0
$0 $59,673 $338,756
JAN M ZIOLKOWSKI SEE SCHEDULE O 0.0
$0 $59,044 $297,589
LAWRENCE S BACOW SEE SCHEDULE O 0.0
$0 $57,580 $766,508
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 $68,620,876 $50,538,041 $1,594,177,509 $18,082,835
2024 No data No data No data No data
2023 $65,362,351 $45,135,019 $1,435,527,775 $20,227,332
2022 $65,903,391 $42,705,670 $1,451,909,922 $23,197,721
2021 $57,204,982 $41,184,297 $1,524,141,919 $16,020,685
2020 $60,193,652 $39,847,177 $1,225,759,215 $20,346,475
2019 $57,470,010 $42,189,479 $1,199,778,108 $15,280,531
2018 $53,901,147 $38,498,813 $1,186,202,596 $15,402,334
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