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Trustees of Tufts College

Also known as Tufts University

Medford, MA · EIN 04-2103634 · 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

Trustees of Tufts College reported $1.56 billion in revenue and $1.48 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.09 went to program services, $12.97 to management and general costs and $1.94 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 67.1% of the total. Government grants made up 16.9%. The highest compensation it reported for one person was $1,356,483 (Trustee & University President). 1,903 people received more than $100,000 in reportable compensation. Revenue rose 39% 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 $1.48B

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 $1.56B

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.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
85.1%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
13.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.9%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.08$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
24.2%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
16.9%1.1%
Program service revenue share
Part VIII 2g ÷ 12
67.1%69.9%
Highest reported compensation
Part VII-A, columns D–F
$1,356,483$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.09%1.28%
People paid over $100,000
Part VII, line 2
1,9038
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
30.313.3
Independent voting board members
Part VI 1a–1b
37 of 40100.0%

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
$775M expenses · 61.6% of program spending · grants $204M · revenue $907M

Instruction - during the 2024-2025 academic year, the following degrees were conferred: 1,843 undergraduate, 1,527 graduate, 632 professional, and 213 certificate

$364M expenses · 29.0% of program spending · grants $43M · revenue $128M

Research -there were 1,189 government and 701 non-government grants active in fiscal year 2025. Sponsored research at tufts was performed in the medical, dental, and veterinary schools as well as in the basic science departments of arts & science & engineering. Research is also being performed at the usda human nutrition research center on aging. Also, clinical and other research activities include 30 clinics that are operated by the dental and veterinary schools to train students and support their research. Other educational activities include, among others, veterinary school newsletters and…

$118M expenses · 9.4% of program spending · revenue $10M

Auxiliary enterprises - activities primarily consist of services for students, including student housing, dining services and health services. During the 2025 fiscal year there were 77 residence halls housing 4,201 students. Approximately 5,299 meal plans were sold to students each semester

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Trustee & University President
Director/trustee, officer, 60.0 hrs/week
$1,090,377$0$266,106$1,356,483
SVP - University Advancement
Officer, 40.0 hrs/week
$857,127$0$78,478$935,605
Provost and Senior Vice President
Officer, 40.0 hrs/week
$814,368$0$87,482$901,850
Dean of Medical School
Key employee, 40.0 hrs/week
$756,765$0$73,119$829,884
University Professor (See Schedule O)
Highest compensated employee, 40.0 hrs/week
$747,114$0$77,788$824,902
Executive VP
Officer, 40.0 hrs/week
$699,453$0$78,193$777,646
See Schedule O
Officer, 40.0 hrs/week
$605,784$0$71,934$677,718
SVP - University Relations & General Counsel
Officer, 40.0 hrs/week
$590,828$0$56,277$647,105

1,903 people received more than $100,000 in reportable compensation from Trustees of Tufts College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $12M (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
$0$500M$1.00B$1.50B$2.00BFY2020FY2021FY2022FY2023FY2024FY2025$1.56B$1.48B
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$1.56B$1.48B85.1%$3.73B$1,356,483
FY2024 ⓘ$1.39B$1.39B85.0%$3.49B$1,170,801
FY2023 ⓘ$1.34B$1.32B85.3%$3.33B$1,257,795
FY2022 ⓘ$1.43B$1.25B84.1%$3.26B$1,208,747
FY2021 ⓘ$1.33B$1.14B83.7%$3.50B$1,168,602
FY2020 ⓘ$1.12B$1.09B85.1%$2.69B$1,277,971

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 · 37 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 11aYes
  • 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 513,702

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Windover Construction Inc
Construction
$19,562,998
Dellbrook JKS
Construction
$15,528,289
C & W Facility Services Inc
Cleaning
$14,585,506
Chapman Construction Design Company
Construction
$13,347,473
Elaine Construction Co Inc
Construction
$10,110,238

Individuals listed as contractors are left out. 322 contractors were paid more than $100,000 in all.

Private foundation grants it received

257 private foundations reported grants to Trustees of Tufts College totaling $28M 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 Trustees of Tufts 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 Trustees of Tufts College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Massachusetts

Questions people ask

How much of Trustees of Tufts College's spending goes to programs?

In the fiscal year ending June 30, 2025, Trustees of Tufts College reported that 85.1% of its $1.48 billion in expenses went to program services, 13.0% to management and general and 1.9% to fundraising (Form 990, Part IX).

How much does Trustees of Tufts College pay its top executive?

The largest total compensation Trustees of Tufts College reported for one person in the fiscal year ending June 30, 2025 was $1,356,483, for the role of Trustee & University President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Trustees of Tufts College get its money?

Of $1.56 billion in revenue in the fiscal year ending June 30, 2025, 24.2% came from contributions and grants (including 16.9% from government grants) and 67.1% from program service revenue (Form 990, Part VIII).

Is Trustees of Tufts College a registered charity?

The IRS lists EIN 04-2103634 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 202621329349300047 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349305298 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349304325 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331319349302683 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349304908 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121329349302767 · read the filing

All filings for EIN 04-2103634: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.