Princeton University
90% goes to programs $5 to raise $100 Strong reserves Declining revenue
Princeton University is a 501(c)(3) organization based in Princeton, New Jersey, registered in 1984, with $3,096,823,000 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
701 Carnegie Center Suite 445, Princeton, NJ, 08540 EIN 21-0634501 Since 1984
Revenue (FY2023)
$3.1B
▼ 14.2% vs prior year
Education median: $200K
Expenses (FY2023)
$2.9B
Net assets
$36.1B
Employees
16,660
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs · $5 to raise $100
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 Princeton University: 90% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating150 mo reserves · +7% margin
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 Princeton University: 150 mo reserves · +7% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Princeton University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
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 Princeton University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Princeton university is a private not-for-profit, nonsectarian institution of higher learning and a world-renowned research institution.
What they do
Education - princeton university is a private not-for-profit, non-sectarian institution of higher learning with approximately 5,600 undergraduate and 3,300 graduate students. 2,400 students graduated in the 2023-2024 academic year. as a world-renowned research university, princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. at the same time, princeton is distinctive among research universities in its commitment to undergraduate teaching.
Auxiliary activities-princeton university furnishes services to the campus community including housing, dining, and conference and event services to approximately 9,000 students, 1,300 faculty, 6,800 staff, as well as the public. one of princeton's defining characteristics is its small, residential community that offers a wealth of academic, extracurricular and campus life opportunities for students. nearly all of the university's undergraduates and 70 percent of graduate students live on campus. the university also offers a variety of housing and dining programs for faculty and staff.
Other program services - includes academic support activities such as academic administration, research administration, and the princeton university art museum; student services such as admission, financial aid, registrar, career services, health services and athletics; and public service.
Contact & location
- Address
- 701 Carnegie Center Suite 445, Princeton, NJ, 08540
- City
- Princeton
- State
- New Jersey
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.3B (FY2013) to $3.1B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $6.7BNet assets $36.1B
Operating margin
6.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$42.8B
Total liabilities
$6.7B
Net assets
$36.1B
Salaries & benefits
$1.4B
48% of expenses
Board members
37
34 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,096,823,000▼14.2% | $2,885,186,000▲9.7% | $36,119,101,000▼0.3% | $42,839,034,000▲3.1% | 990 |
| 2022 | $3,611,165,000▼28.1% | $2,630,086,000▲11.0% | $36,222,184,000▼3.9% | $41,548,353,000▼3.4% | 990 |
| 2021 | $5,021,934,000▲3.3% | $2,369,524,000▲10.1% | $37,701,739,000▼2.5% | $43,028,623,000▼1.5% | 990 |
| 2020 | $4,859,455,000▲129% | $2,152,026,000▲0.5% | $38,677,789,000▲38.5% | $43,675,005,000▲34.4% | 990 |
| 2019 | $2,120,040,000▼30.6% | $2,141,410,000▲2.1% | $27,926,389,000▲1.5% | $32,500,037,000▲3.1% | 990 |
| 2018 | $3,055,370,000▲2.6% | $2,098,105,000▲3.8% | $27,519,487,000▲2.2% | $31,523,756,000▲1.3% | 990 |
| 2017 | $2,976,508,000▼3.1% | $2,020,474,000▼3.2% | $26,930,111,000▲10.5% | $31,119,631,000▲7.3% | 990 |
| 2016 | $3,070,215,000▲23.0% | $2,086,214,000▲7.5% | $24,366,068,000▲8.6% | $28,994,579,000▲7.0% | 990 |
| 2015 | $2,495,283,000▼16.2% | $1,940,044,000▲7.6% | $22,428,968,000▼2.8% | $27,101,933,000▼1.9% | 990 |
| 2014 | $2,978,563,000▲30.7% | $1,803,109,000▲6.6% | $23,076,467,000▲8.4% | $27,631,907,000▲8.1% | 990 |
| 2013 | $2,279,363,000 | $1,691,395,000▲9.4% | $21,282,364,000▲16.5% | $25,570,601,000▲14.8% | 990 |
| 2012 | — | $1,545,665,000▲3.5% | $18,261,576,000▲7.9% | $22,272,320,000▲7.0% | 990 |
| 2011 | — | $1,493,405,000▲2.8% | $16,929,868,000▲0.6% | $20,814,986,000▲2.4% | 990 |
| 2010 | — | $1,452,240,000▲4.1% | $16,828,891,000▲17.9% | $20,329,338,000▲14.2% | 990 |
| 2009 | — | $1,394,615,000 | $14,276,585,000 | $17,801,499,000 | 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.
Leadership & compensation (FY2023)
Highest-paid: Andrew Golden — $14,589,970 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew Golden | President of the Princeton University Investment Company (through 6/30/24) | 50 | $14,589,970 |
| Jonathan Erickson | Managing Director of Princo | 50 | $2,924,859 |
| Edward Karns | Managing Director of Princo | 50 | $2,405,033 |
| Tae Kyoon Kim | Managing Director of Princo | 50 | $2,017,118 |
| Jennifer Birmingham | Managing Director of Princo | 50 | $1,862,580 |
| Susan Butler Ciniglio | Managing Director of Princo | 50 | $1,524,080 |
| Christopher Eisgruber | President | 50 | $1,400,103 |
| Ramona Romero | Vice President and General Counsel | 50 | $874,789 |
| Jennifer Rexford | Provost | 50 | $871,868 |
| Charlotte Treby Williams | Former Executive Vice President | 50 | $827,820 |
| Gene Andrew Jarrett | Dean of the Faculty | 50 | $753,417 |
| Kevin Heaney | Vice President For Advancement | 50 | $743,319 |
| Sanjeev Kulkarni | Professor, Former Dean of the Faculty | 50 | $659,952 |
| James Matteo | Vice President For Finance and Treasurer | 50 | $654,148 |
| Sarah-jane Leslie | Professor, Former Dean of the Graduate School | 50 | $628,654 |
| James Dominick | Vp For Info. Tech. and Cio (through 12/31/23) | 50 | $595,572 |
| Gadi Dechter | Vice President For Communications and Government Affairs | 50 | $587,791 |
| Catherine Callow-wright | Executive Vice President (as of 7/24/23) | 50 | $574,133 |
| Kyujung Whang | Vice President For Facilities | 50 | $557,940 |
| W Rochelle Calhoun | Vice President For Campus Life | 50 | $548,179 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Frederick Fisher and Partners | Architecture | $10,496,440 |
| General Atomics | Research and Design | $9,354,978 |
| Perma-fix Environmental Services Inc | Demolition and Disposal | $7,809,291 |
| Hanbury Evans Wright Vlattas & Co | Architecture | $6,194,907 |
| Cooper Robertson & Partners Architects LLP | Architecture | $5,198,197 |
Grants received · $816.3M total
1,074 grants to Princeton University totaling $816.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Target Als Foundation Inc | Scientific research | 2025 | $60,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $7,305,351 |
| Ayco Charitable Foundation | Education | 2024 | $2,630,637 |
| Dietrich Foundation | Scholarships/economics | 2024 | $1,363,065 |
| Multiplier | Transmission solutions for a clean energy future | 2024 | $1,177,000 |
| Silicon Valley Community Foundation | Education | 2024 | $1,048,758 |
| American Endowment Foundation | Educational | 2024 | $797,471 |
| New Venture Fund | Civil rights, social action, advocacy | 2024 | $565,000 |
| Entertainment Industry Foundation | General program | 2024 | $550,000 |
| Entertainment Industry Foundation | General program | 2024 | $550,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $477,543 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $448,298 |
| American Online Giving Foundation Inc | General support | 2024 | $436,783 |
| Lehigh University | — | 2024 | $308,325 |
| Rockefeller Philanthropy Advisors Inc | Education, education, education, recreation & sports, education, education, education | 2024 | $266,000 |
Grants made · $59.2M in FY2023
33 grants totaling $59.2M in FY2023 — showing the 15 largest. All grants made by Princeton University →
| Recipient | Purpose | Amount |
|---|---|---|
| S & G Foundation | Contribution | $37,844,141 |
| Municipality of Princeton | Contribution | $9,500,000 |
| Princeton Public Schools | Contribution | $2,795,000 |
| Community Foundation of New Jersey | Contribution | $1,444,800 |
| County of Mercer | Contribution | $1,361,700 |
| Princeton Fire Department | Contribution | $1,220,000 |
| Mary John Goree Las Animas County Scholarship Foundation | Contribution | $758,175 |
| Leadership Enterprise For A Diverse America - Leda | Contribution | $610,000 |
| Environmental Defense Fund Incorporated | Contribution | $503,662 |
| Leadership Enterprise For A Diverse America - Leda | Contribution | $484,443 |
| Triangle Club of Princeton University | Contribution | $442,039 |
| Mccarter Theatre Company | Contribution | $407,267 |
| Princeton First Aid and Rescue Squad Inc | Contribution | $258,000 |
| The YWCA of Princeton Inc | Contribution | $200,000 |
| West Windsor Township | Contribution | $198,876 |
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Frequently asked questions
- Is Princeton University a legitimate nonprofit?
- Yes. Princeton University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 21-0634501, based in Princeton, New Jersey. Donations are tax-deductible.
- What is Princeton University's EIN?
- Princeton University's Employer Identification Number (EIN) is 21-0634501.
- How much revenue does Princeton University report?
- Princeton University reported $3,096,823,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Princeton University's spending goes to programs?
- Princeton University spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Princeton University have?
- CharityIndex grades Princeton University A, based on program efficiency and fundraising cost.
- How much does Princeton University's highest-paid employee make?
- The highest reported compensation on Princeton University's latest Form 990 is $14,589,970, paid to Andrew Golden (President of the Princeton University Investment Company (through 6/30/24)).
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Data for Princeton University (EIN 21-0634501) 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.