Northwestern University is a 501(c)(3) organization based in Evanston, Illinois, registered in 1945, with $4,177,750,770 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
Revenue (FY2023)
$4.2B
▲ 25.9% vs prior year
Recreation median: $129K
Expenses (FY2023)
$3.9B
Net assets
$15.6B
Employees
27,279
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Northwestern University: 91% to programs · $14 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Northwestern University: 48 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Northwestern University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Northwestern University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Education and research
Research activities: the research program at northwestern university is a major component of university efforts, assuring institutional leadership in scientific discovery, intellectual inquiry, and creative performance. the character of this research shapes all areas of university endeavor, especially graduate education as well as undergraduate studies.
Auxiliary enterprises serve the educational mission by primarily providing residences and food services, and other various goods and services to support university student, faculty, and staff activities.
Revenue grew from $2.9B (FY2013) to $4.2B (FY2023) across 11 reported years.
Financial snapshot
Operating margin
5.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$19.2B
Total liabilities
$3.6B
Net assets
$15.6B
Salaries & benefits
$1.8B
47% of expenses
Board members
36
36 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,177,750,770▲25.9% | $3,933,998,499▲7.6% | $15,628,275,538▲4.6% | $19,217,819,256▲4.0% | 990 |
| 2022 | $3,319,115,351▼17.2% | $3,655,717,485▲9.3% | $14,946,140,034▼2.7% | $18,481,250,303▼0.8% | 990 |
| 2021 | $4,010,424,246▲9.0% | $3,344,228,756▲10.3% | $15,356,591,565▼4.4% | $18,624,987,614▼3.8% | 990 |
| 2020 | $3,678,521,388▲17.1% | $3,030,857,470▲0.6% | $16,065,801,094▲28.9% | $19,369,511,926▲22.2% | 990 |
| 2019 | $3,140,527,328▲1.0% | $3,013,193,839▼0.5% | $12,462,639,415▲3.6% | $15,846,964,843▲4.3% | 990 |
| 2018 | $3,108,297,108▼1.1% | $3,029,156,594▲2.4% | $12,027,923,277▼1.7% | $15,193,337,485▼1.8% | 990 |
| 2017 | $3,143,787,745▲6.4% | $2,957,646,868▲6.9% | $12,241,769,900▲4.8% | $15,469,351,745▲6.8% | 990 |
| 2016 | $2,955,151,358▲4.3% | $2,766,659,907▲7.2% | $11,680,968,023▲6.0% | $14,485,530,707▲6.1% | 990 |
| 2015 | $2,833,160,505▼3.1% | $2,581,471,003▲6.1% | $11,020,384,989▲2.1% | $13,658,756,847▲1.7% | 990 |
| 2014 | $2,924,436,906▲1.0% | $2,432,399,607▲4.4% | $10,796,544,624▲1.2% | $13,433,515,174▲5.2% | 990 |
| 2013 | $2,895,842,638 | $2,330,997,409▲5.0% | $10,666,909,070▲16.8% | $12,773,853,117▲17.3% | 990 |
| 2012 | — | $2,220,803,137▲5.7% | $9,135,192,364▲12.8% | $10,889,523,081▲10.7% | 990 |
| 2011 | — | $2,100,073,559▲3.9% | $8,099,107,531▲3.7% | $9,839,073,934▲5.4% | 990 |
| 2010 | — | $2,021,306,746▲1.9% | $7,808,312,791▲15.1% | $9,335,729,608▲11.6% | 990 |
| 2009 | — | $1,983,199,187 | $6,784,023,969 | $8,362,828,437 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Patrick William Fitzgerald II — $4,101,287 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Patrick William Fitzgerald II | Head Coach | 40 | $4,101,287 |
| Christopher Ryan Collins | Head Coach | 40 | $3,725,659 |
| Mohanbir S Sawhney | Professor-kellogg | 40 | $2,278,357 |
| Amy Falls | Vp & Chief Investment Officer | 40 | $2,214,318 |
| Morton O Schapiro | President Emeritus | 40 | $1,802,546 |
| Robert E Mcquinn | Vp of Alumni Rel & Development | 40 | $1,476,660 |
| Derrick L Gragg | Vp Athletics Rec | 40 | $1,394,940 |
| Michael H Schill | President | 40 | $1,367,881 |
| Peter A Belytschko | Managing Dir Absolute Return | 40 | $1,326,183 |
| Chad A Mirkin | Professor-chemistry | 40 | $1,305,577 |
| Harisha Koneru Haigh | Mng Dir Priv Inv & Real Assets | 40 | $1,247,609 |
| Stephanie Mills Graham | Vp & General Counsel | 40 | $1,089,093 |
| Craig A Johnson | Executive Vice President | 40 | $1,062,156 |
| Kathleen M Hagerty | Provost | 40 | $1,028,669 |
| Marilyn Mccoy | Vp of Admin & Planning | 40 | $709,764 |
| Milan Mrksich | Vp of Research | 40 | $668,540 |
| Eric G Neilson | Vp Medical Affairs | 40 | $666,253 |
| Sean Brian Reynolds | Vp & Chief Information Officer | 40 | $605,022 |
| Amanda J Distel | Vp & Chief Financial Officer | 40 | $596,647 |
| Luke Figora | Vp and Chief Operations Officer | 40 | $578,885 |
| Contractor | Services | Paid |
|---|---|---|
| The Family Institute | Instruction Services | $43,024,874 |
| Northwestern Medical Group | Healthcare Services | $10,697,642 |
| Northwestern Memorial Hospital | Medical and Clinical Services | $9,487,881 |
| Northwestern Medicine | Clinical Services | $7,843,574 |
| Ies Abroad | Instruction Services | $5,022,597 |
1,479 grants to Northwestern University totaling $1.6B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Target Als Foundation Inc | Scientific research | 2025 | $438,968 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2024 | $7,485,471 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,742,001 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $4,146,729 |
| Chan Zuckerberg Biohub Inc | Scientific and medical research | 2024 | $2,826,739 |
| Underwriters Laboratories Inc | Research | 2024 | $2,623,627 |
| American Heart Association Inc | Research | 2024 | $2,413,511 |
| The Bessemer Giving Fund | General support | 2024 | $1,377,500 |
| American Endowment Foundation | Educational | 2024 | $1,139,600 |
| American Cancer Society Inc | Extramural research | 2024 | $924,500 |
| American Lung Association | Research | 2024 | $790,907 |
| Breakthrough T1d | T1d research | 2024 | $706,795 |
| Charities Aid Foundation America | Charitable donation | 2024 | $672,155 |
| American Online Giving Foundation Inc | General support | 2024 | $662,894 |
| Robert R Mccormick Foundation | For the center for neighborhood engaged research and science (corners), medill metro media lab: teach for chicago and medill illinois news bureau, sponsorship and matching gifts | 2024 | $639,000 |
375 grants totaling $122.4M in FY2023 — showing the 15 largest. All grants made by Northwestern University →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Chicago | Support of research activities | $8,566,923 |
| Ann & Robert H Lurie Childrens Hospital of Chicago | Support of research activities | $5,714,053 |
| The Board of Trustees of the Leland Stanford Junior University | Support of research activities | $4,738,598 |
| The Board of Trustees of the University of Illinois | Support of research activities | $4,558,221 |
| Erie Family Health Center Inc | Support of research activities | $3,418,163 |
| Regents of the University of California At Berkeley | Support of research activities | $2,524,924 |
| Johns Hopkins University | Support of research activities | $2,446,657 |
| Washington University | Support of research activities | $2,240,426 |
| University of Minnesota | Support of research activities | $2,044,985 |
| University of North Carolina At Chapel Hill | Support of research activities | $2,039,122 |
| Cornell University | Support of research activities | $1,983,290 |
| Teachers College Columbia University | Support of research activities | $1,978,886 |
| William Marsh Rice University | Support of research activities | $1,951,763 |
| University of Pittsburgh | Support of research activities | $1,840,423 |
| Jewish Federation of Metropolitan Chicago | Support for community organization | $1,756,567 |
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Data for Northwestern University (EIN 36-2167817) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.