Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation
Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation reported $88.9 million in revenue and $95.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $62.38 went to program services, $34.93 to management and general costs and $2.69 to fundraising. Its largest source of revenue was contributions and grants: 74.4% of the total. Government grants made up 6.0%. The highest compensation it reported for one person was $1,013,327 (DIRECTOR/TRUSTEE). 71 people received more than $100,000 in reportable compensation. Revenue rose 98% 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 $95MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 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 $89MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 62.4% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 34.9% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.7% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 74.4% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.0% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 6.5% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $1,013,327 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.06% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 71 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 166.3 | 14.7 |
| Independent voting board members Part VI 1a–1b | 23 of 24 | 94.3% |
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 expenseHighest 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 |
|---|---|---|---|---|
| DIRECTOR/TRUSTEE Director/trustee, officer, 60.00 hrs/week | $930,138 | $0 | $83,189 | $1,013,327 |
| CHIEF INVESTMENT OFFICER Highest compensated employee, 50.00 hrs/week | $727,073 | $0 | $61,376 | $788,449 |
| NATURAL SCIENCE FACULTY Highest compensated employee, 40.00 hrs/week | $520,495 | $0 | $76,778 | $597,273 |
| NATURAL SCIENCE FACULTY Highest compensated employee, 40.00 hrs/week | $471,641 | $0 | $88,083 | $559,724 |
| ASSOCIATE DIRECTOR Officer, 55.00 hrs/week | $451,039 | $0 | $93,321 | $544,360 |
| NATURAL SCIENCE FACULTY Highest compensated employee, 40.00 hrs/week | $467,406 | $0 | $74,051 | $541,457 |
| INVESTMENT OFFICER Highest compensated employee, 50.00 hrs/week | $481,565 | $0 | $51,214 | $532,779 |
| ASSOCIATE DIRECTOR FOR FINANCE Officer, 55.00 hrs/week | $464,276 | $0 | $61,495 | $525,771 |
71 people received more than $100,000 in reportable compensation from Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b24 · 23 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5575
- Volunteers Part I, line 661
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| VJ SCOZZARI & SONS INC General contractor | $10,421,779 |
| REDAPTIVE SUSTAINABILITY SERVICES LLC Geo-thermal consultant | $1,854,244 |
| KIMMEL BOGRETTE Architect/engineer | $901,996 |
| ALBOURNE AMERICA LLC Investment consultant | $518,001 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Private foundation grants it received
25 private foundations reported grants to Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation totaling $3.7M 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 Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation, you can publish a response that is linked from this page.
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Of every $100 Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation spent in FY2025, $62.38 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation reported that 62.4% of its $95.2 million in expenses went to program services, 34.9% to management and general and 2.7% to fundraising (Form 990, Part IX).
How much does Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation pay its top executive?
The largest total compensation Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,013,327, for the role of DIRECTOR/TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation get its money?
Of $88.9 million in revenue in the fiscal year ending June 30, 2025, 74.4% came from contributions and grants (including 6.0% from government grants) and 6.5% from program service revenue (Form 990, Part VIII).
Is Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation a registered charity?
The IRS lists EIN 21-0634988 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 202631269349301938 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541269349300204 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401279349303070 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331309349302973 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349302970 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131339349304498 · read the filing
All filings for EIN 21-0634988: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.