Civic Intelligence

Joan and Irwin Jacobs Technion Cornell Innovation Instit

EIN 46-4395157 • 501(c)3 • New York, NY

New York, NY
Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.02x

Higher debt load relative to revenue than 8% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Source year 2024

Net Margin

25th percentile

-3.3%

Higher net margin than 25% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $100M-$250M nonprofits • Source year 2024

Asset Growth

36th percentile

2.2%

Faster asset growth than 36% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

71%

Faster revenue growth than 91% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$203,412,008

Up $4,359,948 (+2.2%) from 2023

Liabilities

Down

$717,384

Down $331,435 (-32%) from 2023

Net Assets

Up

$202,694,624

Up $4,691,383 (+2.4%) from 2023

Revenue

Up

$29,069,601

Up $12,077,084 (+71%) from 2023

Expenses

Up

$30,031,578

Up $1,949,128 (+6.9%) from 2023

Net Income

Up

-$961,977

Up $10,127,956 (+91%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2013: $4,438,947Liabilities 2013: $0Net Assets 2013: $4,438,9472013Assets 2014: $8,304,454Liabilities 2014: $50,604Net Assets 2014: $8,253,8502014Assets 2015: $18,444,123Liabilities 2015: $96,393Net Assets 2015: $18,347,7302015Assets 2016: $20,182,762Liabilities 2016: $341,899Net Assets 2016: $19,840,8632016Assets 2017: $124,503,893Liabilities 2017: $385,424Net Assets 2017: $124,118,4692017Assets 2018: $135,520,022Liabilities 2018: $265,689Net Assets 2018: $135,254,3332018Assets 2019: $144,651,764Liabilities 2019: $365,958Net Assets 2019: $144,285,8062019Assets 2020: $158,027,187Liabilities 2020: $421,035Net Assets 2020: $157,606,1522020Assets 2021: $205,040,861Liabilities 2021: $424,904Net Assets 2021: $204,615,9572021Assets 2022: $203,934,277Liabilities 2022: $458,344Net Assets 2022: $203,475,9332022Assets 2023: $199,052,060Liabilities 2023: $1,048,819Net Assets 2023: $198,003,2412023Assets 2024: $203,412,008Liabilities 2024: $717,384Net Assets 2024: $202,694,6242024

Highlighted filing

2024

Assets$203,412,008
Liabilities$717,384
Net Assets$202,694,624

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2013: $4,800,000Expenses 2013: $361,053Net Income 2013: $4,438,9472013Revenue 2014: $6,393,580Expenses 2014: $2,664,284Net Income 2014: $3,729,2962014Revenue 2015: $16,641,027Expenses 2015: $6,630,568Net Income 2015: $10,010,4592015Revenue 2016: $9,704,288Expenses 2016: $8,109,736Net Income 2016: $1,594,5522016Revenue 2017: $111,829,989Expenses 2017: $8,541,447Net Income 2017: $103,288,5422017Revenue 2018: $20,712,406Expenses 2018: $11,951,626Net Income 2018: $8,760,7802018Revenue 2019: $22,699,830Expenses 2019: $14,608,277Net Income 2019: $8,091,5532019Revenue 2020: $23,947,914Expenses 2020: $15,652,822Net Income 2020: $8,295,0922020Revenue 2021: $18,316,542Expenses 2021: $16,434,384Net Income 2021: $1,882,1582021Revenue 2022: $32,551,602Expenses 2022: $23,129,330Net Income 2022: $9,422,2722022Revenue 2023: $16,992,517Expenses 2023: $28,082,450Net Income 2023: -$11,089,9332023Revenue 2024: $29,069,601Expenses 2024: $30,031,578Net Income 2024: -$961,9772024

Highlighted filing

2024

Revenue$29,069,601
Expenses$30,031,578
Net Income-$961,977

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 30, 2023 to Jun 29, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$35,381,055
Mission and Program Overview

Mission

Administration of dual masters degree program awarded by technion-israel institute of technology and cornell university. Provide research environment for faculty, researchers, and students.

Administration of dual masters degree program awarded by technion-israel institute of technology and cornell provide research environment for faculty, researchers and students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$169,315,332$186,775,420▲ $17,460,088
Pledges and Grants Receivable$3,425,598$1,268,554▼ $2,157,044
Investments Program Related$9,936,177$1,214,919▼ $8,721,258
Intangible Assets$515,220$720,669▲ $205,449
Accounts Receivable$699,918$643,768▼ $56,150
Land, Buildings, and Equipment, Net$173,013$184,254▲ $11,241
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$199,052,060$203,412,008▲ $4,359,948
Other Assets Total$14,986,802$12,604,424▼ $2,382,378
Liabilities
Accounts Payable and Accrued Expenses$1,048,819$681,033▼ $367,786
Deferred Revenue-$36,351-
Other Liabilities$0$0→ $0
Total Liabilities$1,048,819$717,384▼ $331,435
Net Assets / Fund Balance
Net Assets With Donor Restrictions$182,402,042$189,436,894▲ $7,034,852
Net Assets Without Donor Restrictions$15,601,199$13,257,730▼ $2,343,469
Total Net Assets Fund Balance$198,003,241$202,694,624▲ $4,691,383
Total Liabilities and Net Assets / Fund Balance$199,052,060$203,412,008▲ $4,359,948

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$184,254$271,524$455,778
Other Assets Org$12,604,424--
Other Securities$186,775,420--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$169,315,332$2,824,158▲ $13,401,417$6,311,454$179,229,453
2022$168,791,006$1,600,000▲ $4,989,654$6,065,328$169,315,332
2021$170,451,503$6,595,000▼ $2,752,165$5,503,332$168,791,006
2020$121,059,862$4,210,462▲ $48,897,248$3,716,069$170,451,503
2019$122,979,253$3,643,750▲ $1,202,627$6,765,768$121,059,862
Compensation and Service Providers

Board Members and Trustees

NameTitle
Israel CidonDirector
Ariel OrdaTrustee
Avigdor GalTrustee
Greg MorrisettTrustee
Laura SyerTrustee
Mark LewisTrustee
Oded RabinovitchTrustee
Rafi AviramTrustee
Michael KotlikoffTrustee & Provost
Donica Thomas VarnerSecretary
Michael WeissmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,683,545
Program Service Revenue
$15,997,241
Investment Income
$6,366,831
Other Revenue
$21,984
All Other Contributions
$6,683,545
Change in Net Assets
$-961,977

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$205,448Market value
Total Noncash Contributions$205,448-

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,865,197
Revenue Not Reported on Financial Statements
$3,204,404
Revenue Not Reported on Form 990
$5,861,160
Other Revenue Adjustments
$3,204,404
Total Revenue per Audited Statements
$31,726,357
Total Revenue per Form 990
$29,069,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,503,256
Grants and Similar Amounts Paid$3,528,322
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$22,732,952$0$0$22,732,952
Grants to Domestic Orgs$3,528,322--$3,528,322
Office Expenses-$2,659,595-$2,659,595
Travel-$635,267-$635,267
Fees for Services Legal-$206,838-$206,838
Conferences and Meetings$97,042--$97,042
Fees for Services Accounting-$96,500-$96,500
Depreciation Depletion$75,062--$75,062
Total Functional Expenses$26,433,378$3,598,200$0$30,031,578

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$30,031,578
Total Expenses per Audited Statements$27,034,974
Expenses per Audited Statements$26,827,174
Expenses Not Reported on Financial Statements$3,204,404
Other Expense Adjustments$3,204,404
Expenses Not Reported on Form 990$207,800
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cornell UniversityIthaca, NY501(c)(3)Tuition Assistance$3,204,404
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The board consists of four directors nominated by each university (cornell and the technion), according to the specifications in the bylaws.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Governance decisions are made through the board of directors, which are elected and filled by both cornell and technion. Any decisions concerning the budget, financial statements, and audit are approved by the finance and audit subcommittee, which consists of the jacob's director and board treasurer, in addition to members outside of the governing body which includes cornell university's vp of finance, cornell tech's chief administrative officer, and technion's vp for finance and administration. The jacobs steering committee was created to provide support and strategic guidance to the jacobs director and the jacobs board of directors in jacobs educational, research, and innovation activities. Candidates for membership will be recommended and approved by the jacobs director, members of the jacobs board of directors, and by the presidents of cornell university and the technion, the latter not being members of the jacobs board of directors and governing body.

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

The 990 was reviewed by both the jacobs director and the board of directors. Any questions on the return are brought up and discussed with the preparer. Once the 990 is agreed upon, the preparer gets approval to file.

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

Jacobs does not have any employees, but rather they are employed through cornell university. All compensation concerns for the jacobs director and other top management goes through the authorization procedures established by cornell university.

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

As noted above, jacobs follows the cornell university conflict of interest, whistleblower, and document retention and destruction policies. These documents are available to the public through the cornell university website (www.cornell.edu). The jacobs governing documents and financial statements are not yet available on the internet; however, they are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Joan and Irwin Jacobs Technion - Cornell Institute Inc
EIN
46-4395157
Phone
6072545898
Address
2 WEST LOOP ROAD, NEW YORK, NY 10044

Signing Officer

Name
Michael Weissman
Title
Treasurer
Signed
2025-05-14
Discuss with paid preparer
No

Organization Details

Formed
2012
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
11

Preparer

Firm
Forvis Mazars LLP
Address
135 West 50th Street, New York, NY 10020
Preparer
Aaron Shapiro
Phone
2128127000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Other Fees - Total Expense: 22732952, Program Service Expense: 22732952, Management and General Expenses: , Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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

Jacobs' endowment assets are managed by cornell university. Cornell's board of trustees has oversight for the management of cornell's endowment, in which jacobs participates, including investment policy, objectives, and guidelines for asset allocation and annual distribution. Jacobs will use its endowment funds to further its tax exempt mission as described in its funding agreement.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Financial Aid - 3204404

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Financial Aid - 3204404

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IRS990/LegalDomicileStateCd0NY
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IRS990/LoanOutstandingInd0false
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL UNIVERSITY. PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS, AND STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0202694624
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt05653360
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt015601199
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013257730
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0205448
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02659595
IRS990/OfficeExpensesGrp/TotalAmt02659595
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014986802
IRS990/OtherAssetsTotalGrp/EOYAmt012604424
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
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IRS990/OtherRevenueMiscGrp/Desc0OTHER
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IRS990/OtherRevenueTotalAmt014131
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03425598
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01268554
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0MICHAEL WEISSMAN
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1RESEARCH
IRS990/ProgramServiceRevenueGrp/Desc2APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER SOURCES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13350827
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13350827
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt248316
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3110392
IRS990/ProgSrvcAccomActy2Grp/Desc0JACOBS' RUNWAY PROGRAM IS A UNIQUE PROGRAM THAT GIVES RECENT PHD'S INTERESTED IN ENTREPENEURSHIP IN TECHNOLOGY THE OPPORTUNITY TO DRAW ON THEIR RESEARCH KNOWLEDGE TO LAUNCH NEW VENTURES WITH THE ACADEMIC, PROFESSIONAL, AND NETWORKING SUPPORT FROM JACOBS.
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IRS990/PYTotalExpensesAmt028082450
IRS990/PYTotalRevenueAmt016992517
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-961977
IRS990/RelatedEntityInd0false
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt015997241
IRS990/RoyaltiesRevenueGrp/ExclusionAmt07853
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt07853
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION - , COLUMN A - , COLUMN B - , COLUMN C - 679413.0, COLUMN D - 4277.0, COLUMN E - 14131.0, COLUMN F - 697821.0;
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10 Other Income
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt08157117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03138898
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017530429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt039078583
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06165913
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06343890
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05566761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-1485211
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt022966037
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt059529540
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt014131
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04277
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0679413
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0697821
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.5431
IRS990ScheduleA/PublicSupportPY170Pct00.5612
IRS990ScheduleA/PublicSupportTotal170Amt034078281
IRS990ScheduleA/SubstantialContributorsTotAmt05000302
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt017530429
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt039078583
IRS990ScheduleA/TotalSupportAmt062742441
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0168791006
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01600000
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt06065328
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt06765768
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0207800
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD AT CORNELL
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IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt03204404
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0CORNELL LT INVESTMENT POOL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.735
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IRS990ScheduleD/RevenueSubtotalAmt025865197
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1JACOBS' ENDOWMENT ASSETS ARE MANAGED BY CORNELL UNIVERSITY. CORNELL'S BOARD OF TRUSTEES HAS OVERSIGHT FOR THE MANAGEMENT OF CORNELL'S ENDOWMENT, IN WHICH JACOBS PARTICIPATES, INCLUDING INVESTMENT POLICY, OBJECTIVES, AND GUIDELINES FOR ASSET ALLOCATION AND ANNUAL DISTRIBUTION. JACOBS WILL USE ITS ENDOWMENT FUNDS TO FURTHER ITS TAX EXEMPT MISSION AS DESCRIBED IN ITS FUNDING AGREEMENT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Financial Aid - 3204404
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Financial Aid - 3204404
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part V, Line 4 Intended uses of endowment funds
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements

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