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California · Nonprofit

MINERVA UNIVERSITY

MINERVA UNIVERSITY (California) receives grants from 9 organizations whose IRS filings report $46,451,601 to it, the largest being Silicon Valley Community Foundation ($40,000,000). 6 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$49M
Funders on record
9
Grants received
$46M
Net assets
$23M
6/9 repeat funderspeak grant-dependency 35%
01What it does

What Minerva University does

Mission

Minerva University strives to develop problem-solvers, entrepreneurs, and wise leaders from around the globe; and weave them together as one community to address the greatest challenges facing humanity.continued on schedule oour undergraduate students come together as future leaders and entrepreneurs from 100 nations to live and learn together in multiple culturally vibrant cities around the world over four years of study with a shared goal in mind to contribute to a safer, more sustainable world.minerva is an independent, non-profit educational institution, accredited by the wasc senior college and university commission (wscuc). Minerva is authorized by the student and exchange visitor program (sevp) to host international students on an f-1 visa for the undergraduate residential program.

As stated on its FY2025 Form 990.

Programs

  1. Operate affordable, high quality educational programs leading to an undergraduate degree. To accomplish this, the institute identifies students, awards scholarships and other direct aid, provides instruction using high quality, scaffolded curricula on an innovate live video-based platform and immersive residential services in seven global locations.

    $36,816,363 spentof which $10,581,149 as grants$21,602,799 earned by the program
    99% of program spending
  2. Operate high quality educational programs leading to a graduate degree. To accomplish this, the institute identifies students and provides instruction using high quality, scaffolded curricula on an innovative live video-based platform.

    $504,368 spent$615,436 earned by the program
    1% of program spending
  3. Operate high quality educational non-degree programs with a duration of a few weeks or up to a year. To accomplish this, the institute identifies students and provides instruction using high quality, scaffolded curricula on an innovate live video-based platform.

    $17,647 spent$237,930 earned by the program
    0% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $37,338,378.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($54M) Expenses 100 ($31M) Net assets 100 ($24M)2021 Revenue 42 ($23M) Expenses 96 ($30M) Net assets 71 ($17M)2022 Revenue 86 ($47M) Expenses 103 ($32M) Net assets 31 ($7.3M)2023 Revenue 92 ($50M) Expenses 104 ($32M) Net assets 106 ($25M)2024 Revenue 61 ($33M) Expenses 135 ($42M) Net assets 70 ($16M)2025 Revenue 90 ($49M) Expenses 135 ($42M) Net assets 100 ($23M)
202020212022202320242025
Revenue (90)Expenses (135)Net assets (100)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $15M to $58M (+296%).

$33M
$25M
$15M
$58M
$43M
$47M
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 9% · 2022 1% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.

53% of MINERVA UNIVERSITY’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).

This organization
Typical peer · 4,251 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.

$23M
’20
−$7.0M
’21
$15M
’22
$18M
’23
−$8.5M
’24
$7.3M
’25
6.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Diane Tavenner

Chair

As listed on its FY2025 Form 990.

202020212022202320242025
Listed152024252520
Joined·+7+11+6+6+4
No longer listed·27569
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $100k → $18M.

2 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 86% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $200k from one payer (the payer's own filing calls it a related party, largest The Halperin Foundation). These are real filings, and they are not money MINERVA UNIVERSITY raised.

From the IRS filings of MINERVA UNIVERSITY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MINERVA UNIVERSITY leans on a few funders — its largest provides 86% of grant income and the top three 96%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

93% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MINERVA UNIVERSITY.

86%
largest funder
96%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 55% · 2021 46% · 2022 89% · 2023 96% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

40% of MINERVA UNIVERSITY's funders are still giving 2 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

86% of MINERVA UNIVERSITY's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $6.3M that is directly attributable, 100% of it comes from funders outside California, across 5 states.

NY
PA
VA
DE
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
California out of state home

Funder states come from each funder’s own filing. $40M arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MINERVA UNIVERSITY runs a healthier operating margin than three-quarters of the 3,758 education nonprofits its size.

Operating margin15% · top quartile
Months of reserve6.6mo · top quartile
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Organizations like MINERVA UNIVERSITY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

90% of spending goes to programs.

Program 90%Management 10%Fundraising 0%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 2 states

CA
DC

Screen this organization

A dated, signed PDF of the compliance screen for MINERVA UNIVERSITY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MINERVA UNIVERSITY?
MINERVA UNIVERSITY (California) receives grants from 9 organizations whose IRS filings report $46,451,601 to it, the largest being Silicon Valley Community Foundation ($40,000,000). 6 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does MINERVA UNIVERSITY have?
IRS filings report 9 organizations giving $46,451,601 in grants to MINERVA UNIVERSITY, 6 of which have funded it in more than one year.
Who is the largest funder of MINERVA UNIVERSITY?
Silicon Valley Community Foundation is the largest funder on record, with $40,000,000 in grants. The full list of funders is on this page.
How can an organization like MINERVA UNIVERSITY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Minerva University →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing