Civic Intelligence

Carnegie Endowment for International Peace

EIN 13-0552040 • 501(c)3 • Washington, DC

Profile

Carnegie endowment for international peace is a unique global network of policy research centers in russia, china, europe, the middle east, india, and the united states. Our mission, dating back more than a century, is to advance the cause of peace.

1779 Massachusetts Ave NWWashington, DC 20036

www.carnegieendowment.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.07x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.75x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

48th percentile

3.1%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

56th percentile

$914,164

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

52nd percentile

5.9%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

5th percentile

-34%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$602,477,369

Up $33,390,956 (+5.9%) from 2024

Liabilities

Up

$43,125,798

Up $447,165 (+1.0%) from 2024

Net Assets

Up

$559,351,571

Up $32,943,791 (+6.3%) from 2024

Revenue

Down

$57,574,887

Down $29,225,469 (-34%) from 2024

Expenses

Up

$55,812,577

Up $3,216,710 (+6.1%) from 2024

Net Income

Down

$1,762,310

Down $32,442,179 (-95%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2012: $292,172,932Liabilities 2012: $53,471,563Net Assets 2012: $238,701,3692012Assets 2013: $323,412,204Liabilities 2013: $48,834,537Net Assets 2013: $274,577,6672013Assets 2014: $345,987,930Liabilities 2014: $48,087,531Net Assets 2014: $297,900,3992014Assets 2015: $349,319,832Liabilities 2015: $49,115,857Net Assets 2015: $300,203,9752015Assets 2016: $327,928,687Liabilities 2016: $54,090,052Net Assets 2016: $273,838,6352016Assets 2017: $354,369,173Liabilities 2017: $48,838,247Net Assets 2017: $305,530,9262017Assets 2018: $377,613,687Liabilities 2018: $45,965,440Net Assets 2018: $331,648,2472018Assets 2019: $389,230,069Liabilities 2019: $48,558,716Net Assets 2019: $340,671,3532019Assets 2020: $401,375,079Liabilities 2020: $55,505,662Net Assets 2020: $345,869,4172020Assets 2021: $534,684,148Liabilities 2021: $52,956,461Net Assets 2021: $481,727,6872021Assets 2022: $521,567,655Liabilities 2022: $47,229,879Net Assets 2022: $474,337,7762022Assets 2023: $522,206,675Liabilities 2023: $43,179,804Net Assets 2023: $479,026,8712023Assets 2024: $569,086,413Liabilities 2024: $42,678,633Net Assets 2024: $526,407,7802024Assets 2025: $602,477,369Liabilities 2025: $43,125,798Net Assets 2025: $559,351,5712025

Highlighted filing

2025

Assets$602,477,369
Liabilities$43,125,798
Net Assets$559,351,571

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2012: $30,095,1482012Revenue 2013: $38,695,314Expenses 2013: $33,174,500Net Income 2013: $5,520,8142013Revenue 2014: $26,767,015Expenses 2014: $32,939,297Net Income 2014: -$6,172,2822014Revenue 2015: $42,523,654Expenses 2015: $33,996,712Net Income 2015: $8,526,9422015Revenue 2016: $46,881,551Expenses 2016: $34,710,554Net Income 2016: $12,170,9972016Revenue 2017: $46,973,603Expenses 2017: $36,544,639Net Income 2017: $10,428,9642017Revenue 2018: $58,286,882Expenses 2018: $37,395,069Net Income 2018: $20,891,8132018Revenue 2019: $51,263,416Expenses 2019: $39,046,042Net Income 2019: $12,217,3742019Revenue 2020: $57,208,207Expenses 2020: $38,515,533Net Income 2020: $18,692,6742020Revenue 2021: $73,160,068Expenses 2021: $38,453,371Net Income 2021: $34,706,6972021Revenue 2022: $75,940,491Expenses 2022: $39,812,975Net Income 2022: $36,127,5162022Revenue 2023: $59,878,250Expenses 2023: $47,202,026Net Income 2023: $12,676,2242023Revenue 2024: $86,800,356Expenses 2024: $52,595,867Net Income 2024: $34,204,4892024Revenue 2025: $57,574,887Expenses 2025: $55,812,577Net Income 2025: $1,762,3102025

Highlighted filing

2025

Revenue$57,574,887
Expenses$55,812,577
Net Income$1,762,310

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$602$43.1$559$57.6$55.8$1.76
2024Detailed filing. Detailed filing data is available for this year.$569$42.7$526$86.8$52.6$34.2
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$522$43.2$479$59.9$47.2$12.7
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$522$47.2$474$75.9$39.8$36.1
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$535$53.0$482$73.2$38.5$34.7
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$401$55.5$346$57.2$38.5$18.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$389$48.6$341$51.3$39.0$12.2
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$378$46.0$332$58.3$37.4$20.9
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$354$48.8$306$47.0$36.5$10.4
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$328$54.1$274$46.9$34.7$12.2
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$349$49.1$300$42.5$34.0$8.53
2014Detailed filing. Detailed filing data is available for this year.$346$48.1$298$26.8$32.9$6.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$323$48.8$275$38.7$33.2$5.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$292$53.5$239$30.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$131,714,925
Mission and Program Overview

Mission

The Carnegie Endowment for International Peace generates strategic ideas and independent analysis, supports diplomacy, and trains the next generation of scholar-practitioners to help countries and institutions take on the most difficult global problems and advance peace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$440,118,142$485,409,751▲ $45,291,609
Investments in Publicly Traded Securities$45,238,171$46,032,251▲ $794,080
Land, Buildings, and Equipment, Net$32,584,607$32,216,790▼ $367,817
Pledges and Grants Receivable$28,402,019$17,870,817▼ $10,531,202
Savings and Temporary Cash Investments$10,589,335$11,336,348▲ $747,013
Cash and Non-Interest-Bearing Accounts$9,745,539$6,795,316▼ $2,950,223
Prepaid Expenses and Deferred Charges$903,491$1,438,678▲ $535,187
Accounts Receivable$546,768$530,255▼ $16,513
Intangible Assets$62,367$95,983▲ $33,616
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$569,086,413$602,477,369▲ $33,390,956
Other Assets Total$895,974$751,180▼ $144,794
Liabilities
Tax Exempt Bond Liabilities$32,740,664$32,756,876▲ $16,212
Accounts Payable and Accrued Expenses$5,811,760$5,612,640▼ $199,120
Other Liabilities$3,603,859$3,600,990▼ $2,869
Deferred Revenue$522,350$1,155,292▲ $632,942
Total Liabilities$42,678,633$43,125,798▲ $447,165
Net Assets / Fund Balance
Net Assets With Donor Restrictions$484,955,029$513,213,011▲ $28,257,982
Net Assets Without Donor Restrictions$41,452,751$46,138,560▲ $4,685,809
Total Net Assets Fund Balance$526,407,780$559,351,571▲ $32,943,791
Total Liabilities and Net Assets / Fund Balance$569,086,413$602,477,369▲ $33,390,956

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,814,505$12,816,641$36,631,146
Land$6,374,592-$6,374,592
Other Land Buildings$1,938,380$2,202,345$4,140,725
Leasehold Improvements$89,313$281,290$370,603
Equipment$0$0$0
Other Securities$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$372,551,025$2,731,869▲ $51,641,030$17,969,975$408,953,949
2023$344,667,944$9,062,888▲ $36,094,566$17,274,373$372,551,025
2022$348,935,501$664,527▲ $11,236,253$16,168,337$344,667,944
2021$370,832,832$196,181▼ $7,115,297$14,978,215$348,935,501
2020$262,904,349$381,517▲ $122,534,542$14,987,576$370,832,832
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mariano-florentino CuellarPresidentFT$837,971$76,193$914,164
Daniel BaerSenior VP for Policy ResearchFT$431,840$58,187$490,027
George PerkovichJapan Chair, VP for StudiesFT$372,815$84,877$457,692
Evan FeigenbaumVP for StudiesFT$350,952$105,324$456,276
Alison MarkovitzChief Operating OfficerFT$381,947$68,798$450,745
Ashley TellisTata Chair for Strategic AffairsFT$345,430$97,870$443,300
Alison M RauschVice President for DevelopmentFT$325,196$85,110$410,306
Andrew WeissJames Fam Chair,VP for StudiesFT$295,079$114,061$409,140
Thomas CarothersSenior Fellow & Co-directorFT$330,724$76,641$407,365
Marwan MuasherVP for StudiesFT$319,282$80,646$399,928
Suzanne DimaggioSenior FellowFT$292,524$92,444$384,968
Eugene RumerSenior Fellow & DirectorFT$242,220$88,853$331,073
Aiysha Kirmani ZafarChief Financial OfficerFT$256,628$39,833$296,461
Christopher ChivvisSenior Fellow & DirectorFT$250,908$41,303$292,211
Katelynn Vogt as of 52524VP for CommunicationsFT$192,696$31,254$223,950
Frances Brown Thru 41824VP for StudiesFT$119,405$38,476$157,881
Miriam Magdieli Thru 52424VP for CommunicationsFT$98,951$30,140$129,091

Highest Paid Contractors

ContractorServicesLocationCompensation
Investure LLCInvestment Management240 W MAIN STREET SUITE 500, Charlottesville, VA 22902, Sp$1,993,277
M2 Construction LLCConstruction Services11250 ROGER BACON DRIVE UNIT13, Reston, VA 20190, Ca$701,679
Catalina X INC (fusionary)Website Design And Development Services89 MONROE CENTER ST NW STE 400, Grand Rapids, MI 49503$304,990
Richard YoungsConsulting Services-$253,853
Alton CorporationConsulting Services-$212,525
Revenue and Support

Revenue Composition

Contributions and Grants
$29,133,778
Program Service Revenue
$2,538,435
Investment Income
$25,898,954
Other Revenue
$3,720
All Other Contributions
$26,022,651
Change in Net Assets
$1,762,310

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$866,649Market value
Total Noncash Contributions4$866,649-

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,380,767
Revenue Not Reported on Financial Statements
$2,194,120
Revenue Not Reported on Form 990
$31,249,881
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$86,630,648
Total Revenue per Form 990
$57,574,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$34,981,925
Other Expenses$20,830,652
Total Fundraising Expense$2,010,273
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,744,331$1,809,078$579,047$22,132,456
Fees for Services Other$5,505,655$140,527$8,558$5,654,740
Other Employee Benefits$3,513,632$1,025,594$67,382$4,606,608
Current Officers, Directors, Trustees, and Key Employees$1,998,160$1,656,117$939,672$4,593,949
Travel$2,458,254$298,179$8,812$2,765,245
Occupancy$2,107,783$217,038$91,513$2,416,334
Pension Plan Contributions$1,915,886$233,533$70,998$2,220,417
Fees for Service Investment Mgmnt Fees$0$2,194,120$0$2,194,120
Depreciation Depletion$1,506,262$115,847$83,674$1,705,783
Conferences and Meetings$1,460,571$111,928$5,075$1,577,574
Payroll Taxes$1,181,756$178,965$67,774$1,428,495
Interest$1,019,683$147,682$59,838$1,227,203
Information Technology$770,171$0$0$770,171
Fees for Services Accounting$287,335$176,060$0$463,395
Insurance$18,311$253,819$0$272,130
Office Expenses$224,352$30,942$12,878$268,172
Fees for Services Legal$71,826$113,867$0$185,693
Other Expenses$127,332$17,623$6,527$151,482
Advertising$64,905--$64,905
Total Functional Expenses$45,046,682$8,755,622$2,010,273$55,812,577

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$55,812,577
Total Expenses per Audited Statements$53,686,857
Expenses per Audited Statements$53,618,457
Expenses Not Reported on Financial Statements$2,194,120
Expenses Not Reported on Form 990$68,400
Other Expense Adjustments$0
International Activity

International Summary

Offices
5
Employees
137
Spending
$139,983,225

International Compliance

Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsAsia Program00$127,364,593
Europe (Including Iceland and Greenland)Maintaining OfficesMiddle East Program265$2,835,267
Europe (Including Iceland and Greenland)Program ServicesBrussels and Berlin00$2,804,142
Middle East and North AfricaMaintaining OfficesTechnology and International Affairs Program135$1,792,130
Middle East and North AfricaProgram ServicesBeirut00$1,550,654
South AsiaProgram ServicesIndia Office00$1,286,410
East Asia and the PacificProgram ServicesSingapore02$1,036,510
South AsiaMaintaining OfficesAfrica & Tech Programs133$675,823
North America (Canada & Mexico only)Program ServicesRussia Eurasia Program00$239,592
Russia and Neighboring StatesProgram ServicesSustainability, Climate, and Geopolitics Program00$174,245
Sub-Saharan AfricaProgram Services-00$137,057
South AmericaProgram ServicesSouth Asia Program00$56,636
East Asia and the PacificMaintaining OfficesEurope Program12$30,166
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$2,627,848
Interest Rate Swap Liability$812,206
Operating Lease Obligation$160,936
Bond Interest Payable-

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2006-05-10$33,250,000Refund a prior issuance of dc revenue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$33,250,000-$332,190$468,642

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

WILLIAM BRADLEY AND WALTER B. KIELHOLZ - Business relationship, STEVEN DENNING AND HENRI DE CASTRIES - Business relationship, JAVED KHAN AND DEVEN PAREKH - Business relationship, MARIANO-FLORENTINO CUELLAR AND ANDREW SPOKES - Business relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

Prior to filing, the form 990 must be reviewed by several different layers within the organization as well as by the organization's external legal counsel. A copy of the draft form 990, prepared by bdo usa is distributed to all members of the audit & risk committee of the board of trustees for review. A representative from bdo usa. Meets with members of the audit & risk committee at the october board of trustees meeting to provide an overview of the organization's current year form 990. The chief financial officer then closely reviews the form 990 and agrees all amounts and disclosures reflected on the form to the organization's books and records. The draft form 990 is then reviewed by the organization's external legal counsel. The chief operating officer performs a review of the form 990 prior to signing. Lastly, the final form 990 is sent to all members of the board of trustees prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

The organization monitors compliance with the conflict-of-interest policy by requiring that all members of the board of trustees, officers, and key employees submit an annual disclosure form indicating whether a family relationship or a business relationship with any officer, key employee, or trustee exists. The trustees must also list all affiliations with organizations in which the trustee or immediate family is an officer, director, trustee, or majority owner. The trustee must disclose any activities that are in conflict with the trustee's service to the organization. Members of the board of trustees submit their disclosure forms to the chairman of the audit & risk committee for review. Any proposed transaction in which a trustee has a conflict of interest must be approved by a majority of the members of the board of trustees or the applicable committee entitled to vote with the exception of the trustee with the conflict. The officers and key employees submit their annual disclosure forms to the chief operating officer and the chief financial officer for review. For all employees, the organization requires that employees annually review the code of ethics policy that contains the conflict-of-interest policy. Management is required to submit an annual disclosure form of outside affiliates to the chief operating officer. The chief operating officer and the senior vp for policy research review all employee disclosure forms.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The compensation for the organization's president is reviewed annually by the compensation committee of the board of trustees and approved by the full board, which is the authorized independent body to approve the president's compensation. The carnegie compensation committee annually receives survey information with comparable salary data from think tanks and other similar organizations as part of their review. In addition, the compensation committee receives information on the president's performance as well as on inflation and other factors relevant to any annual increase.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The annual compensation for officers is based, in consultation with the compensation committee of the board of trustees, on performance and annual survey information with comparable salary data from think tanks and other similar organizations, as well as data on inflation and other factors relevant to any annual increase.

Form 990, Part VI, Line 19 Required documents available to the public

Form 990 is available upon request for the same period of disclosure as set forth in section 6104(d). The financial statements are posted on the organization's website.

Filing and Contact Details

Filer

Filer Name
Carnegie Endowment for International Peace
EIN
13-0552040
Phone
2024837600
Address
1779 MASSACHUSETTS AVE NW, WASHINGTON, DC 20036
Doing Business As
Carnegie Endowment for International Peace

Signing Officer

Name
Mariano Florentino Cullar
Title
President
Phone
2024837600
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1929
Legal Domicile
Ny
Voting Board Members
31
Independent Board Members
30
Employees
253
Volunteers
33

Preparer

Firm
Bdo USA
Address
8401 GREENSBORO DR STE 800, MCLEAN, VA 22102-3599
Preparer
Todd Teresco
Phone
7038930600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 3,952,193 including grants of $ 0)(Revenue $ 370,719) EUROPE

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 3,621,419 including grants of $ 0)(Revenue $ 0) COMMUNICATIONS

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 3,140,583 including grants of $ 0)(Revenue $ 606) ASIA

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 3,121,434 including grants of $ 0)(Revenue $ 522) SOUTH ASIA

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 2,560,969 including grants of $ 0)(Revenue $ 1,163) DEMOCRACY, CONFLICT, AND GOVERNANCE

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 2,447,159 including grants of $ 0)(Revenue $ 0) AMERICAN STATECRAFT

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 2,362,864 including grants of $ 0)(Revenue $ 0) TECHNOLOGY AND INTERNATIONAL AFFAIRS

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 2,192,319 including grants of $ 0)(Revenue $ 0) INFORMATION TECHNOLOGY

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 1,802,620 including grants of $ 0)(Revenue $ 0) SUSTAINABILITY, CLIMATE, AND GEOPOLITICS

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 1,391,243 including grants of $ 0)(Revenue $ 0) AFRICA

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 1,363,633 including grants of $ 0)(Revenue $ 405,118) CARNEGIE CALIFORNIA

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 1,305,758 including grants of $ 0)(Revenue $ 0) ADMINISTRATIVE-PRESIDENT

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 701,370 including grants of $ 0)(Revenue $ 0) THE VISITING DISTINGUISHED STATESMAN PRO

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 645,993 including grants of $ 0)(Revenue $ 0) GLOBAL ORDER AND INSTITUTIONS

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 595,252 including grants of $ 0)(Revenue $ 0) LIBRARY

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 208,873 including grants of $ 0)(Revenue $ 1,595) CONFERENCE CENTER

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 0 including grants of $ 0)(Revenue $ 854,092) BUILDING

Form 990, Part IX, Line 11G Other Fees

CONTRACTORS - Total Expense: 5654740, Program Service Expense: 5505655, Management and General Expenses: 140527, Fundraising Expenses: 8558;

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

FAIR VALUE LOSS ON INTEREST RATE SWAP AGREEMENT - -144910; FOREIGN CURRENCY EXCHANGE - LOSS - -109766; Total - -254676;

Form 990, Part XII, Line 2C Change of oversight process or selection process

There have been no changes since the prior year.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment is subject to the enacted new york version of the uniform prudent management of institutional funds act (nypmifa). The board of trustees has interpreted nypmifa as requiring with donor restricted net assets to include the original value of the gifts donated and additions made to the permanent endowment in accordance with the donor gift instrument. The remaining portion of the endowment that is not classified as permanently donor restricted net assets is classified as with donor restricted net assets until those amounts are appropriated for expenditure in a manner consistent with the donor gift instruments and the standard of prudence prescribed by nypmifa. The endowment maintains a $10 million permanently endowed fund, consisting of the original sums received from andrew carnegie and accumulated income thereon. The terms of the gift instrument stipulated that the principal may never be expended; however, the income is expendable. The endowment reports the original sums received from andrew carnegie as with donor restricted net assets. Accumulated income of $375,816,295 as of the fiscal year ending june 30, 2025 is reported as restricted net assets until appropriated. The endowment adopted an investment policy and a spending rate policy designed to provide a relatively predictable and growing stream of revenues to the operating budget. The endowment follows an investment policy that attempts to maximize annualized returns, net of costs over rolling ten-year periods, while adhering to the endowment's risk parameters. Appropriations from the endowment funds are not available for expenditure until the annual budget has been approved. Appropriations must further programmatic goals, adhere to the terms of the donor's gift instrument, and the standard of prudence prescribed by nypmifa.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The endowment is exempt from federal income taxes on its exempt activities under section 501(c)(3) of the internal revenue code (the code) and has been designated by the internal revenue service as a publicly supported organization under section 509(a)(1) of the code. The endowment engages in certain activities that produce unrelated business income, as defined by federal income tax regulations. The endowment files income tax returns in the u.s federal jurisdiction. In accordance with fasb asc 740 income taxes, the endowment recognizes tax liabilities for uncertain tax positions when it is more likely than not that a tax position will not be sustained upon examination and settlement with various taxing authorities. Liabilities for uncertain tax positions are measured based upon the largest amount of benefit that is greater than 50% likely of being realized upon settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. With a few exceptions, the endowment is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2022. Management has evaluated the endowment's tax positions and has concluded that the endowment has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Fair value loss on interest rate swap - -144910 foreign currency exchange loss - -109766

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IRS990/Form990PartVIISectionAGrp/PersonNm0MARIANO-FLORENTINO CUELLAR
IRS990/Form990PartVIISectionAGrp/PersonNm1ADEBAYO OGUNLESI
IRS990/Form990PartVIISectionAGrp/PersonNm2ALEJANDRO RAMIREZ MAGANA
IRS990/Form990PartVIISectionAGrp/PersonNm3ANDREW SPOKES
IRS990/Form990PartVIISectionAGrp/PersonNm4AYMAN ASFARI
IRS990/Form990PartVIISectionAGrp/PersonNm5BERNARD MENSAH
IRS990/Form990PartVIISectionAGrp/PersonNm6BILL BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7BOON HWEE KOH
IRS990/Form990PartVIISectionAGrp/PersonNm8CATHERINE JAMES PAGLIA
IRS990/Form990PartVIISectionAGrp/PersonNm9CK BIRLA
IRS990/Form990PartVIISectionAGrp/PersonNm10DALE LEFEBVRE
IRS990/Form990PartVIISectionAGrp/PersonNm11DEVEN PAREKH
IRS990/Form990PartVIISectionAGrp/PersonNm12EILEEN C DONAHOE
IRS990/Form990PartVIISectionAGrp/PersonNm13GEORGE SIGULER
IRS990/Form990PartVIISectionAGrp/PersonNm14GISEL KORDESTANI
IRS990/Form990PartVIISectionAGrp/PersonNm15HENRI DE CASTRIES
IRS990/Form990PartVIISectionAGrp/PersonNm16JANE D HARTLEY
IRS990/Form990PartVIISectionAGrp/PersonNm17JAVED KHAN
IRS990/Form990PartVIISectionAGrp/PersonNm18JIM BALSILLIE
IRS990/Form990PartVIISectionAGrp/PersonNm19JONATHAN OPPENHEIMER
IRS990/Form990PartVIISectionAGrp/PersonNm20JRN RAUSING
IRS990/Form990PartVIISectionAGrp/PersonNm21KENNETH E OLIVIER
IRS990/Form990PartVIISectionAGrp/PersonNm22L RAFAEL REIF
IRS990/Form990PartVIISectionAGrp/PersonNm23MAHA IBRAHIM
IRS990/Form990PartVIISectionAGrp/PersonNm24MARGARET HAMBURG
IRS990/Form990PartVIISectionAGrp/PersonNm25RAMEZ FARID SOUSOU
IRS990/Form990PartVIISectionAGrp/PersonNm26RATAN N TATA
IRS990/Form990PartVIISectionAGrp/PersonNm27ROBERT ZOELLICK
IRS990/Form990PartVIISectionAGrp/PersonNm28SCOTT MALKIN
IRS990/Form990PartVIISectionAGrp/PersonNm29SONGYEE YOON
IRS990/Form990PartVIISectionAGrp/PersonNm30STEVEN A DENNING
IRS990/Form990PartVIISectionAGrp/PersonNm31SUNIL KANT MUNJAL
IRS990/Form990PartVIISectionAGrp/PersonNm32SUSAN LIAUTAUD
IRS990/Form990PartVIISectionAGrp/PersonNm33TIM BASS
IRS990/Form990PartVIISectionAGrp/PersonNm34VICTORIA RANSOM
IRS990/Form990PartVIISectionAGrp/PersonNm35WALTER B KIELHOLZ
IRS990/Form990PartVIISectionAGrp/PersonNm36YICHEN ZHANG
IRS990/Form990PartVIISectionAGrp/PersonNm37AIYSHA KIRMANI ZAFAR
IRS990/Form990PartVIISectionAGrp/PersonNm38ALISON M RAUSCH

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