Trustees of the University of Pennsylvania
90% goes to programs $7 to raise $100 Strong reserves Growing revenue
Trustees of the University of Pennsylvania is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1940, with $10,747,066,000 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
3451 Walnut St, Philadelphia, PA, 19104 EIN 23-1352685 Since 1940
Revenue (FY2023)
$10.7B
▲ 8.3% vs prior year
Education median: $200K
Expenses (FY2023)
$10.0B
Net assets
$26.4B
Employees
61,511
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 · $7 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 Trustees of the University of Pennsylvania: 90% to programs · $7 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating32 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 Trustees of the University of Pennsylvania: 32 mo reserves · +7% 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 Trustees of the University of Pennsylvania: 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 Trustees of the University of Pennsylvania: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The provision of education, research, and charitable patient care services.
What they do
Patient care- see schedule o for additional information
Contact & location
- Address
- 3451 Walnut St, Philadelphia, PA, 19104
- City
- Philadelphia
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $6.0B (FY2013) to $10.7B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $7.6BNet assets $26.4B
Operating margin
7.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$34.0B
Total liabilities
$7.6B
Net assets
$26.4B
Salaries & benefits
$5.4B
54% of expenses
Board members
48
46 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $10,747,066,000▲8.3% | $9,999,922,000▲7.9% | $26,425,730,000▲4.2% | $34,038,997,000▲3.4% | 990 |
| 2022 | $9,925,251,000▼10.4% | $9,264,364,000▲12.2% | $25,367,783,000▲2.9% | $32,928,091,000▲2.8% | 990 |
| 2021 | $11,078,595,000▲18.6% | $8,255,789,000▲9.1% | $24,659,832,000▲8.2% | $32,016,287,000▲2.5% | 990 |
| 2020 | $9,337,742,000▲22.5% | $7,564,187,000▲4.9% | $22,788,464,000▲39.6% | $31,220,689,000▲26.9% | 990 |
| 2019 | $7,624,539,000▼4.0% | $7,213,047,000▲3.4% | $16,326,348,000▲1.3% | $24,607,104,000▲8.1% | 990 |
| 2018 | $7,942,744,000▲9.7% | $6,978,995,000▲6.7% | $16,118,999,000▲4.6% | $22,754,777,000▲6.8% | 990 |
| 2017 | $7,238,854,000▲7.9% | $6,538,611,000▲4.5% | $15,409,177,000▲11.7% | $21,301,691,000▲11.8% | 990 |
| 2016 | $6,710,820,000▲6.8% | $6,254,103,000▲10.8% | $13,794,071,000▲12.3% | $19,054,006,000▲8.4% | 990 |
| 2015 | $6,286,195,000▼0.1% | $5,642,149,000▲5.2% | $12,280,964,000▼1.8% | $17,580,872,000▲2.0% | 990 |
| 2014 | $6,294,043,000▲4.9% | $5,365,056,000▲3.3% | $12,502,074,000▲4.0% | $17,230,855,000▲5.1% | 990 |
| 2013 | $6,000,839,000 | $5,191,443,000▲3.7% | $12,016,985,000▲14.4% | $16,398,248,000▲10.0% | 990 |
| 2012 | — | $5,005,819,000▲1.5% | $10,507,076,000▲17.7% | $14,905,771,000▲8.6% | 990 |
| 2011 | — | $4,931,213,000▲5.2% | $8,928,831,000▼1.8% | $13,720,767,000▲6.3% | 990 |
| 2010 | — | $4,686,679,000▲6.7% | $9,092,348,000▲19.9% | $12,912,074,000▲15.4% | 990 |
| 2009 | — | $4,394,092,000 | $7,585,584,000 | $11,193,816,000 | 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: Ammon Peter — $5,348,153 (0.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ammon Peter | Chief Investment Officer | 55 | $5,348,153 |
| Jameson J Larry Dr | Pres & Trustee - As of 12/23 | 55 | $5,137,869 |
| Mahoney Kevin | Ceo, Uphs | 42 | $2,777,146 |
| Yoshor Daniel Md | Neurosurgery | 55 | $2,749,755 |
| Storm Phillip B Md | Chop - Neurosurgery | 55 | $2,429,574 |
| Marcotte Paul Md | Neurosurgery | 55 | $2,357,514 |
| Taylor Jesse Md | Chop - Plastic Surgery | 55 | $2,357,507 |
| Adzick N Scott Md | Chop - Surgery | 55 | $2,352,177 |
| Magill M Elizabeth | Pres & Trustee - Thru 12/23 | 55 | $2,234,131 |
| Driscoll Deborah A Md | Svp Cpup, Vice Dean Psom | 53 | $2,124,039 |
| Kasper Keith | Cfo, Uphs | 41 | $1,810,167 |
| Cunningham Regina | Ceo Hup | 54 | $1,804,032 |
| Pritchett Wendell | Former Provost | 53 | $1,641,973 |
| Volpe Michelle | Coo Uphs | 50 | $1,396,534 |
| Epstein Jon Md | Vice Dean, Psom | 55 | $1,309,872 |
| Carnaroli Craig | Executive Vp | 54 | $1,215,237 |
| Husson James | Vp Developmnt & Alumi Relation | 55 | $1,145,769 |
| White Wendy | Svp & General Counsel | 54 | $1,096,256 |
| Jackson John Phd | Provost | 54 | $938,387 |
| Murphy Thomas | Svp Isc & Cio | 55 | $842,823 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Lf Driscoll Company LLC | Construction Mgmt | $102,852,387 |
| Hsc Builders Construction Mgrs | Construction Mgmt | $93,157,969 |
| P Agnes Inc | Construction Mgmt | $68,443,340 |
| Intech Construction LLC | Construction Mgmt | $47,705,217 |
| Gilbane Building Company | Construction Mgmt | $38,984,941 |
Grants received · $1.2B total
2,342 grants to Trustees of the University of Pennsylvania totaling $1.2B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Target Als Foundation Inc | Scientific research | 2025 | $210,429 |
| Parker Institute For Cancer Immunotherapy | Support research in field of cancer immunotherapy | 2024 | $4,666,368 |
| American Heart Association Inc | Research | 2024 | $3,154,043 |
| Silicon Valley Community Foundation | Education | 2024 | $3,066,117 |
| University of Miami | Research | 2024 | $2,945,539 |
| American Cancer Society Inc | Support/research | 2024 | $2,611,500 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $2,548,070 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $2,215,850 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $2,067,070 |
| Pew Charitable Trusts | Policy | 2024 | $1,862,914 |
| American Endowment Foundation | Educational | 2024 | $1,646,250 |
| American Diabetes Association Inc | Early investigator award | 2024 | $1,625,000 |
| The V Foundation | Cancer research | 2024 | $1,600,000 |
| Ayco Charitable Foundation | Education | 2024 | $1,527,850 |
| Breakthrough T1d | T1d research | 2024 | $1,321,090 |
Grants made · $11.0M in FY2023
58 grants totaling $11.0M in FY2023 — showing the 15 largest. All grants made by Trustees of the University of Pennsylvania →
| Recipient | Purpose | Amount |
|---|---|---|
| University City District | Support prgm srvs | $4,218,716 |
| School District of Philadelphia | Support prgm srvs | $3,944,900 |
| United Way of Greater Philadelphia and Southern New Jersey | Support prgm srvs | $530,851 |
| The Chamber of Commerce For Greater Philadelphia | Support prgm srvs | $276,000 |
| Sixers Youth Foundation | Support prgm srvs | $250,000 |
| Rebuilding Together Philadelphia | Support prgm srvs | $184,269 |
| Schuylkill River Development Corporation | Support prgm srvs | $125,049 |
| Coalition To Strengthen Americas Healthcare | Support prgm srvs | $125,000 |
| Penn Hillel | Support prgm srvs | $125,000 |
| U C Green Inc | Support prgm srvs | $112,500 |
| American Heart Association Inc | Support prgm srvs | $105,156 |
| Transplant House | Support prgm srvs | $100,553 |
| Jewish Federation of Southern New Jersey | Support prgm srvs | $99,997 |
| Team Thompson Family Foundation | Support prgm srvs | $75,000 |
| Carol Emmott Foundation | Support prgm srvs | $65,000 |
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Frequently asked questions
- Is Trustees of the University of Pennsylvania a legitimate nonprofit?
- Yes. Trustees of the University of Pennsylvania is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-1352685, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Trustees of the University of Pennsylvania's EIN?
- Trustees of the University of Pennsylvania's Employer Identification Number (EIN) is 23-1352685.
- How much revenue does Trustees of the University of Pennsylvania report?
- Trustees of the University of Pennsylvania reported $10,747,066,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Trustees of the University of Pennsylvania's spending goes to programs?
- Trustees of the University of Pennsylvania spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Trustees of the University of Pennsylvania have?
- CharityIndex grades Trustees of the University of Pennsylvania A, based on program efficiency and fundraising cost.
- How much does Trustees of the University of Pennsylvania's highest-paid employee make?
- The highest reported compensation on Trustees of the University of Pennsylvania's latest Form 990 is $5,348,153, paid to Ammon Peter (Chief Investment Officer).
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Data for Trustees of the University of Pennsylvania (EIN 23-1352685) 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.