THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK (THE FOUNDATION) IS A PRIVATE, NOT-FOR-PROFIT EDUCATIONAL CORPORATION CHARTERED BY THE STATE OF NEW YORK IN 1963. ALTHOUGH THE FOUNDATION PERFORMS A VARIETY OF SERVICES FOR THE CITY UNIVERSITY OF NEW YORK (THE UNIVERSITY), IT IS A SEPARATE LEGAL ENTITY GOVERNED BY ITS OWN BOARD OF DIRECTORS AND OPERATED BY ITS OWN MANAGEMENT TEAM PURSUANT TO THE FOUNDATION'S BYLAWS, POLICIES AND PROCEDURES. THE FOUNDATION RECEIVES, HOLDS AND ADMINISTERS GIFTS, GRANTS AND CONTRACTS; ACTS AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS; FINANCES THE CONDUCT OF STUDIES AND RESEARCH IN ALL FIELDS OF INTELLECTUAL INQUIRY; ASSISTS IN DEVELOPING AND INCREASING FACILITIES; AND PERFORMS OTHER TASKS IN SUPPORT OF THE EDUCATIONAL AND COMMUNITY SERVICE OBJECTIVES OF THE UNIVERSITY. THE FOUNDATION EMPLOYS STAFF; ENTERS INTO CONTRACTUAL RELATIONSHIPS; AND ACQUIRES SUCH FACILITIES, GOODS AND SERVICES AS ARE APPROPRIATE TO ITS PURPOSE.
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025 | $667,697,898 ↑ | $665,088,993 | $173,643,660 |
| 2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023 | $600,333,510 ↑ | $592,838,098 | $136,866,216 |
| 2021 990 - Public charity return Jul 1, 2021 to Jun 30, 2022 | $518,290,887 ↑ | $514,798,703 | $104,450,729 |
| 2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021 | $501,643,850 ↓ | $498,715,234 | $79,686,511 |
| 2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020 | $547,502,335 ↓ | $543,321,202 | $60,198,377 |
| 2018 990 - Public charity return Jul 1, 2018 to Jun 30, 2019 | $560,096,585 | $551,354,612 | $54,158,320 |
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