Research Foundation For the State University of New York
83% goes to programs $0 to raise $100 Strong reserves Growing revenue
Research Foundation For the State University of New York is a 501(c)(3) organization based in Albany, New York, registered in 1951, with $1,858,824,863 in FY2024 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
Po Box 9, Albany, NY, 12201 EIN 14-1368361 Since 1951
Revenue (FY2024)
$1.9B
▲ 28.8% vs prior year
Education median: $200K
Expenses (FY2024)
$1.6B
Net assets
$1.2B
Employees
15,627
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 rating83% to programs · $0 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 Research Foundation For the State University of New York: 83% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +11% 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 Research Foundation For the State University of New York: 9 mo reserves · +11% margin earns a A 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 Research Foundation For the State University of New York: 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 Research Foundation For the State University of New York: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o.
What they do
Public service- program service accomplishments- see schedule o
Training and education- program service accomplishments - see schedule o
Contact & location
- Address
- Po Box 9, Albany, NY, 12201
- City
- Albany
- State
- New York
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.2B (FY2013) to $1.9B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $736.9MNet assets $1.2B
Operating margin
11.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.9B
Total liabilities
$736.9M
Net assets
$1.2B
Salaries & benefits
$847.4M
51% of expenses
Board members
17
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,858,824,863▲28.8% | $1,648,805,410▲13.0% | $1,200,994,479▲33.8% | $1,937,921,505▲18.8% | 990 |
| 2023 | $1,443,536,073▲3.4% | $1,458,680,376▲7.5% | $897,540,354▲8.4% | $1,631,066,568▲6.7% | 990 |
| 2022 | $1,395,404,960▲2.0% | $1,357,481,624▲10.5% | $828,139,421▲10.8% | $1,528,226,855▲6.4% | 990 |
| 2021 | $1,368,256,149▲5.2% | $1,228,180,039▼1.6% | $747,103,097▲12.3% | $1,436,768,379▼0.5% | 990 |
| 2020 | $1,300,675,243▼17.3% | $1,248,418,276▲8.5% | $665,403,873▲47.3% | $1,444,601,684▲7.3% | 990 |
| 2019 | $1,572,885,709▲31.2% | $1,150,879,117▲0.3% | $451,860,330▲586% | $1,346,216,783▲13.2% | 990 |
| 2018 | $1,198,692,527▲0.4% | $1,147,578,922▲1.1% | $65,826,925▲10.9% | $1,188,734,604▲20.8% | 990 |
| 2017 | $1,193,614,653▲4.1% | $1,135,056,970▼2.7% | $59,330,536▲332% | $983,898,146▲15.9% | 990 |
| 2016 | $1,146,182,898▲1.9% | $1,166,261,270▼5.2% | -$25,567,066▲21.6% | $849,213,148▼12.0% | 990 |
| 2015 | $1,124,639,327▼3.8% | $1,230,645,810▲7.5% | -$32,622,160▲76.7% | $965,112,551▲31.3% | 990 |
| 2014 | $1,168,773,939▼0.2% | $1,144,978,693▼2.4% | -$139,954,787▼148% | $735,149,383▲3.3% | 990 |
| 2013 | $1,170,975,444 | $1,173,707,972▼7.8% | -$56,398,780▲18.1% | $711,530,152▲19.9% | 990 |
| 2012 | — | $1,273,491,337▲11.1% | -$68,849,553▼112% | $593,490,327▲11.5% | 990 |
| 2010 | — | $1,146,511,426 | -$32,510,759 | $532,361,690 | 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 (FY2024)
Highest-paid: Mr David Marcus — $591,833 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr David Marcus | Cio, Stony Brook Foundation | 37.5 | $591,833 |
| Ms Patricia Arciero-craig | Chief Administrative Officer | 37.5 | $456,367 |
| Mr David Anderson | President, Ny Creates | 37.5 | $423,795 |
| Ms Eileen M Pezzi | Vp For Development, Upstate Medical University | 37.5 | $413,650 |
| Ms Lorraine L Manzella | Admn Dir, Upstate Univ Med Association | 37.5 | $322,330 |
| Mr Christopher Ashley | General Counsel and Secretary | 37.5 | $312,609 |
| Dr Melur Ramasubramanian | President | 18.8 | $309,950 |
| Ms Kathleen Caggiano-siino | Interim Chief Operating Officer Through October 2024 | 37.5 | $272,195 |
| Mr Ryan P Farrell | Chief Financial Officer | 37.5 | $254,849 |
| Mr Joshua B Toas | Chief Compliance Officer | 37.5 | $230,960 |
| Ms Kerry Gilchrist | Vp Internal Audit | 37.5 | $169,116 |
| Mr Benjamin Friedman | Chief Operating Officer As of October 2024 | 37.5 | $83,426 |
| Dr Satish K Tripathi | Director | 2 | $75,000 |
| Col Timothy J Lawrence | Director | 1.1 | — |
| Dr Bahgat G Sammakia | Director | 10 | — |
| Dr Benjamin Z Houlton | Director | 1 | — |
| Mr Adam Barsky | Director As of May 2025 | 2 | — |
| Mr Daniel C Tomson | Director | 7 | — |
| Mr Edward M Spiro | Director | 5 | — |
| Mr Eric L Cochran | Director | 2.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Medbest Medical Management Incorporated | Payroll Service | $9,868,036 |
| Air Liquide Electronics Us LP | Gas and Chemical Mgt | $4,351,062 |
| Huron Consulting Services LLC | It Consulting Services | $2,426,404 |
| Partners Capital Investment Group | Investment Consulting | $2,381,350 |
| Bank of New York Mellon Corporation | Bank Fees | $1,207,249 |
Grants received · $186.0M total
847 grants to Research Foundation For the State University of New York totaling $186.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Greater Buffalo Inc | Charitable support. any restrictions have been communicated to the grantee. | 2024 | $993,396 |
| American Heart Association Inc | Research | 2024 | $900,876 |
| Cystic Fibrosis Foundation | Clinical research study | 2024 | $761,029 |
| Ascendium Education Solutions Inc | Grant, establishing a state university of new york prison education network grant, travel grant - higher education in prison grantee convening -al | 2024 | $752,450 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $538,995 |
| Magee-womens Research Institute and Foundation | Biomedical research | 2024 | $410,046 |
| Brightfocus Foundation | Alzheimer's disease research by damian zuloaga, phd entitled: a2025021s | 2024 | $300,000 |
| Mayo Clinic Group Return | Support charitable programs | 2024 | $282,259 |
| The Aspen Institute Inc | Aspen forum for community solutions | 2024 | $250,000 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2024 | $239,730 |
| The New York Community Trust | For research. | 2024 | $200,000 |
| Breakthrough T1d | T1d research | 2024 | $167,208 |
| Strada Education Foundation Inc | Operating grant | 2024 | $150,000 |
| American Diabetes Association Inc | Junior faculty development youth-onset type 2 diabetes | 2024 | $138,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant/respiratory program fy25 | 2024 | $125,000 |
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Frequently asked questions
- Is Research Foundation For the State University of New York a legitimate nonprofit?
- Yes. Research Foundation For the State University of New York is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1368361, based in Albany, New York. Donations are tax-deductible.
- What is Research Foundation For the State University of New York's EIN?
- Research Foundation For the State University of New York's Employer Identification Number (EIN) is 14-1368361.
- How much revenue does Research Foundation For the State University of New York report?
- Research Foundation For the State University of New York reported $1,858,824,863 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Research Foundation For the State University of New York's spending goes to programs?
- Research Foundation For the State University of New York spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Research Foundation For the State University of New York have?
- CharityIndex grades Research Foundation For the State University of New York A, based on program efficiency and fundraising cost.
- How much does Research Foundation For the State University of New York's highest-paid employee make?
- The highest reported compensation on Research Foundation For the State University of New York's latest Form 990 is $591,833, paid to Mr David Marcus (Cio, Stony Brook Foundation).
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Data for Research Foundation For the State University of New York (EIN 14-1368361) 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.