Yale University

Form 990Tax year 2022EIN 06-0646973501(c)(3)

Filed May 15, 2024 · period ending Jun 30, 2023

IRS record

End-of-year assets

$54,308,947,172

Net assets $43,899,580,411

Total revenue

$6,315,023,788

Expenses $5,612,701,248

Officer compensation

$12,929,621

46 listed · 27 paid

Contractors listed

407 paid over $100K

Organization

Legal name: Yale University
Website: www.yale.edu
Principal officer: —
Phone: 2034325530
Formed: 1701
State of domicile: CT
Employees: 33,438
Volunteers: 18,700
Address: PO Box 208239 · New Haven, CT, 065208239
Mission: TO IMPROVE THE WORLD THROUGH RESEARCH, SCHOLARSHIP, EDUCATION, PRESERVATION, AND PRACTICE.

Financial activity

Contributions$1,328,427,356

Program service revenue$2,747,218,097

Investment income$2,196,267,937

Total revenue$6,315,023,788

Grants paid$713,315,715

Salaries and benefits$3,072,987,279

Officer compensation$12,929,621

Total expenses$5,612,701,248

Investment management fees$205,627,583

Legal fees$14,372,582

Accounting fees$1,341,002

Other fees for services$377,477,643

Beginning assets$54,599,818,948

Ending assets$54,308,947,172

Liabilities$10,409,366,761

Net assets$43,899,580,411

Publicly traded securities$5,822,025,735

Other securities$39,423,024,052

Officers, directors and key employees

Compensation by person

Peter Salovey$2M
Timothy R Sullivan$2M
Alan Forman$2M
Alex Hetherington$2M
Arnar Geirsson$2M
Alexander C Banker$2M
Matthew S T Mendelsohn$2M
Other (20 more)$13M

Independent contractors

Compensation by contractor

THE WHITING-TURNER CONTRACTING COMPANY$65M
TURNER CONSTRUCTION COMPANY$63M
GILBANE BUILDING COMPANY$42M
DIMEO CONSTRUCTION COMPANY$31M
Bond Brothers Inc$31M

Part VII Section B · highest paid

Independent contractors

Contractor	Services	Location	Compensation
THE WHITING-TURNER CONTRACTING COMPANY	construction & related services	Baltimore, MD	$64,665,637
TURNER CONSTRUCTION COMPANY	CONSTRUCTION & RELATED SERVICES	New York, NY	$62,709,464
GILBANE BUILDING COMPANY	CONSTRUCTION & RELATED SERVICES	Providence, RI	$42,141,272
DIMEO CONSTRUCTION COMPANY	CONSTRUCTION & RELATED SERVICES	PROVIDENCE, RI	$31,228,863
Bond Brothers Inc	construction & related services	Medford, MA	$30,532,131

Part VII Section A

Officers, directors and key employees

Name	Role	Hours / week	Compensation	From related orgs	Other
Peter SaloveyTrustee & President	Trustee or directorOfficer	50	$2,209,809	$0	$108,557
Ann Miura-KoTrustee	Trustee or director	5	$0	$0	$0
Carlos R MorenoTrustee	Trustee or director	5	$0	$0	$0
Catharine B HillTrustee	Trustee or director	5	$0	$0	$0
Charles W Goodyear IVTrustee	Trustee or director	5	$0	$0	$0
David A ThomasTrustee	Trustee or director	5	$0	$0	$0
David SzeTrustee	Trustee or director	5	$0	$0	$0
E John Rice JrTrustee	Trustee or director	5	$0	$0	$0
Edward Miner Ned Lamont JrTrustee (ex-officio)	Trustee or director	0	$0	$0	$0
Fred KruppTrustee	Trustee or director	5	$0	$0	$0
Joshua BekensteinTrustee	Trustee or director	5	$0	$0	$0
Joshua L SteinerTrustee	Trustee or director	5	$0	$0	$0
Kathleen E WalshTrustee	Trustee or director	5	$0	$0	$0
Marta L TelladoTrustee	Trustee or director	5	$0	$0	$0
Maurie McInnisTrustee	Trustee or director	5	$0	$0	$0
Michael J CavanaghTrustee	Trustee or director	5	$0	$0	$0
Michael WarrenTrustee	Trustee or director	5	$0	$0	$0
Susan BysiewiczTrustee (ex-officio)	Trustee or director	0	$0	$0	$0
William E KennardTrustee	Trustee or director	5	$0	$0	$0
Alexander E DreierSr VP for Institutional Affairs	Officer	50	$820,114	$0	$101,722
Jack F Callahan JrSr VP for Operations	Officer	50	$789,995	$0	$74,390
Jack Michael BellamyVP for Facilities, Campus Development and Sustainability (effective 10/3/22)	Officer	50	$157,876	$0	$14,154
Joan E O'NeillVP for Alumni Affairs & Development	Officer	50	$753,636	$0	$70,099
John BardenVP for Information Technology	Officer	50	$409,833	$0	$69,560
John WhelanVP for HR	Officer	50	$413,379	$0	$70,179
Karen PeartInterim VP for Communications (10/1/22 to 3/31/23)	Officer	50	$196,063	$0	$32,574
Kimberly M Goff-CrewsSecretary & VP for University Life	Officer	50	$499,063	$0	$46,054
Nathaniel NickersonVP for Communications (through 9/23/22)	Officer	50	$405,420	$0	$36,001
Renee KopkowskiVP for Communications (effective 4/1/23)	Officer	50	$0	$0	$0
Scott A StrobelProvost	Officer	50	$819,757	$0	$58,557
Stephen C MurphyVP for Finance & CFO	Officer	50	$550,754	$0	$86,340
Matthew S T MendelsohnChief Investment Officer	Key employee	50	$1,704,888	$0	$56,841
Nancy J BrownDean, School of Medicine	Key employee	50	$1,051,312	$0	$54,349
Alan FormanDirector, Investments	Highest compensated	50	$1,906,869	$0	$44,685
Alex HetheringtonManaging Director, Investments	Highest compensated	50	$1,535,484	$0	$369,176
Arnar GeirssonProfessor of Surgery (Cardiac)	Highest compensated	50	$1,700,704	$0	$83,077
Murat GunelChair, Neurosurgery	Highest compensated	50	$1,610,370	$0	$83,546
Timothy R SullivanSr Director of Private Equity	Highest compensated	50	$1,849,321	$0	$394,387
Alexander C BankerFormer Director of Investments	Former	50	$1,430,489	$0	$352,396
Benjamin PolakFormer Provost	Former	50	$475,748	$0	$51,590
Dean J TakahashiFormer Sr Director, Investments	Former	50	$529,770	$0	$49,382
Donna CableFormer Interim VP for HR	Former	50	$352,721	$0	$52,023
Janet E LindnerFormer VP for HR & Administration	Former	50	$524,574	$0	$44,894
John H BollierFormer VP for Facilities & Campus Development	Former	50	$565,410	$0	$45,704
Pericles LewisFormer VP for Global Strategy	Former	50	$511,167	$0	$75,077
Robert J AlpernFormer Dean, School of Medicine	Former	50	$332,326	$0	$35,524