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Bowdoin College

Brunswick, ME · EIN 01-0215213 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Bowdoin College reported $449.6 million in revenue and $325.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.67 went to program services, $15.32 to management and general costs and $3.01 to fundraising. Its largest source of revenue was investment income: 44.4% of the total. The highest compensation it reported for one person was $2,143,819 (SVP/CHIEF INVESTMENTS OFFICER). 341 people received more than $100,000 in reportable compensation. Revenue rose 38% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $326M

Program services$81.67 $266M
Management & general$15.32 $50M
Fundraising$3.01 $9.8M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $450M

Contributions & grants (non-government)$17.69 $80M
Government grants$0.90 $4.0M
Program service revenue$36.81 $165M
Investment income$44.42 $200M
Other revenue$0.18 $824K

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	81.7%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	15.3%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	3.0%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.12	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	18.6%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	0.9%	1.1%
Program service revenue share Part VIII 2g ÷ 12	36.8%	69.9%
Highest reported compensation Part VII-A, columns D–F	$2,143,819	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.66%	1.28%
People paid over $100,000 Part VII, line 2	341	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	115.2	13.3
Independent voting board members Part VI 1a–1b	39 of 40	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$266M expenses · 100.0% of program spending · grants $72M · revenue $166M

During fiscal year 2025, bowdoin enrolled 1,858 full-time equivalent (fte) students, not including 173 fte students who studied off campus; 95% complete the degree within five years; the student/faculty ratio is 9:1; 98% of faculty has a ph.d. Or equivalent. As of june 2025, 43,978 students have matriculated at Bowdoin College, and 35,896 degrees in academic programs have been awarded

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
SVP/CHIEF INVESTMENTS OFFICER Key employee, 40.0 hrs/week	$2,075,729	$0	$68,090	$2,143,819
PRESIDENT Director/trustee, officer, 40.0 hrs/week	$936,509	$0	$184,357	$1,120,866
DIRECTOR OF INVESTMENTS Highest compensated employee, 40.0 hrs/week	$1,054,646	$0	$49,510	$1,104,156
DIRECTOR OF INVESTMENTS Highest compensated employee, 40.0 hrs/week	$1,026,872	$0	$48,820	$1,075,692
SVP FINANCE & ADMIN/TREASURER Officer, 40.0 hrs/week	$526,166	$0	$92,215	$618,381
SVP/DEAN FOR ACADEMIC AFFAIRS Key employee, 40.0 hrs/week	$489,716	$0	$81,469	$571,185
ENDOWMENT CHIEF OP OFFICER Highest compensated employee, 40.0 hrs/week	$471,451	$0	$72,528	$543,979
SVP/CHIEF INFORMATION OFFICER Key employee, 40.0 hrs/week	$454,085	$0	$82,378	$536,463

341 people received more than $100,000 in reportable compensation from Bowdoin College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $9.1M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$450M	$326M	81.7%	$3.13B	$2,143,819
FY2024 ⓘ	$370M	$296M	84.7%	$2.80B	$1,898,062
FY2023 ⓘ	$355M	$275M	84.9%	$2.62B	$1,874,184
FY2022 ⓘ	$412M	$256M	85.6%	$2.67B	$2,662,992
FY2021 ⓘ	$359M	$240M	78.3%	$2.92B	$4,233,695
FY2020 ⓘ	$325M	$234M	82.4%	$1.98B	$4,236,303

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b40 · 39 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4Yes
Over $15,000 of professional fundraising services Part IV 18Yes
Over $10,000 of activity outside the U.S. Part IV 14bYes
Employees Part I, line 53,087
Volunteers Part I, line 62,171

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

JF SCOTT CONSTRUCTION Const. Services	$6,364,649
COLLABORATIVE SOLUTIONS LLC Software services	$3,548,706
CIGNA Benefits admin fees/premiums	$1,859,575
GREAT FALLS CONSTRUCTION Const. Services	$1,365,705

Individuals listed as contractors are left out. 76 contractors were paid more than $100,000 in all.

Private foundation grants it received

123 private foundations reported grants to Bowdoin College totaling $9.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Bowdoin College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bowdoin College, you can publish a response that is linked from this page.

Report a correction Respond as Bowdoin College How this works

Similar-sized charities in this cause

Renaissance Charter School
Fort Lauderdale, FL · revenue $449M · programs 83.9% · FY2025
Arizona State University Foundation for a New American University
Tempe, AZ · revenue $453M · programs 88.3% · FY2025
Illinois Institute of Technology
Chicago, IL · revenue $449M · programs 85.4% · FY2025
Success Academy Charter Schools - NYC
New York, NY · revenue $453M · programs 90.5% · FY2025
Yeshiva University
New York, NY · revenue $444M · programs 86.5% · FY2025

All education charities · Largest charities in Maine

Questions people ask

How much of Bowdoin College's spending goes to programs?

In the fiscal year ending June 30, 2025, Bowdoin College reported that 81.7% of its $325.8 million in expenses went to program services, 15.3% to management and general and 3.0% to fundraising (Form 990, Part IX).

How much does Bowdoin College pay its top executive?

The largest total compensation Bowdoin College reported for one person in the fiscal year ending June 30, 2025 was $2,143,819, for the role of SVP/CHIEF INVESTMENTS OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Bowdoin College get its money?

Of $449.6 million in revenue in the fiscal year ending June 30, 2025, 18.6% came from contributions and grants (including 0.9% from government grants) and 36.8% from program service revenue (Form 990, Part VIII).

Is Bowdoin College a registered charity?

The IRS lists EIN 01-0215213 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611329349306966 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349302018 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349306506 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349305061 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221359349300507 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101349349306700 · read the filing

All filings for EIN 01-0215213: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.