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Tennessee · Nonprofit

Vanderbilt University

Vanderbilt University (Tennessee) receives grants from 1029 organizations whose IRS filings report $561,358,747 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($63,114,069). 646 of them have funded it in more than one year.

Revenue FY2025
$2.8B
Funders on record
1,029
Grants received
$561M
Net assets
$11.2B
646/1029 repeat funderspeak grant-dependency 3%
01What it does

What Vanderbilt University does

Programs

  1. Vanderbilt is among a unique set of independent universities that offers both a high-quality undergraduate program and a full range of graduate and professional degree programs. Its world-class faculty consists of more than 2,400 full-time members, and the diverse student body is more than 12,000 strong across 11 schools and colleges. Vanderbilt's eleven schools and colleges include: College of Arts and Science, College of Connected Computing, Blair School of Music, Divinity School, School of Engineering, Graduate School, Law School, School of Medicine, School of Nursing, Owen Graduate School of Management, and Peabody College (of education and human development). Vanderbilt has approximately 7,366 undergraduate students, 6,304 graduate and professional students, and an 8:1 student-to-faculty ratio. For more information regarding education at Vanderbilt, visit http://www.vanderbilt.edu.

    $1,406,821,926 spentof which $474,486,535 as grants$1,450,858,431 earned by the program
    74% of program spending
  2. Vanderbilt is an internationally recognized research university. A majority of Vanderbilt's research funding is received from the federal government. Funding is also received from foundations, associations, corporations, and other sources. Vanderbilt's researchers are at the forefront of posing innovative solutions to some of the most challenging questions facing the world today. For more information regarding research at Vanderbilt, visit http://research.vanderbilt.edu

    $485,703,389 spentof which $94,739,247 as grants$95,361,442 earned by the program
    26% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,892,525,315.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($1.6B) Expenses 100 ($1.5B) Net assets 100 ($5.8B)2018 Revenue 105 ($1.7B) Expenses 100 ($1.5B) Net assets 109 ($6.3B)2019 Revenue 111 ($1.8B) Expenses 106 ($1.6B) Net assets 115 ($6.7B)2020 Revenue 105 ($1.7B) Expenses 109 ($1.6B) Net assets 114 ($6.5B)2021 Revenue 175 ($2.8B) Expenses 129 ($1.9B) Net assets 181 ($10.5B)2022 Revenue 205 ($3.3B) Expenses 136 ($2.0B) Net assets 173 ($10.0B)2023 Revenue 140 ($2.3B) Expenses 136 ($2.0B) Net assets 168 ($9.7B)2024 Revenue 158 ($2.6B) Expenses 154 ($2.3B) Net assets 179 ($10.3B)2025 Revenue 174 ($2.8B) Expenses 161 ($2.4B) Net assets 194 ($11.2B)
'17'18'19'20'21'22'23'24'25
Revenue (174)Expenses (161)Net assets (194)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 2020 to 2021, from $9.4B to $13.9B (+47%).

$6.8B
$7.2B
$9.2B
$9.4B
$13.9B
$13.5B
$13.1B
$13.8B
$14.8B
'17'18'19'20'21'22'23'24'25
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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 13% · 2018 12% · 2019 10% · 2020 10% · 2021 7% · 2022 6% · 2023 10% · 2024 8% · 2025 8%. Grants only. Government contracts and fees sit inside program revenue.

18% of Vanderbilt University’s revenue is contributions — more donation-reliant than the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$129M
’17
$205M
’18
$204M
’19
$85M
’20
$922M
’21
$1.3B
’22
$240M
’23
$270M
’24
$419M
’25
5.7
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

Bruce R Evans

Chairman

As listed on its FY2025 Form 990.

20242025
Listed5757
Joined·+7
No longer listed·7
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 312 funders to 422 funders, grant income rose $42M → $67M.

118 of 1029 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% 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: $134M from one payer (the payer shares this organization's board, largest Vanderbilt University Medical Center). These are real filings, and they are not money Vanderbilt University raised.

From the IRS filings of Vanderbilt University’s funders (the co-funder graph). Top 30 of 1029 funders by total. 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

Vanderbilt University has a broad base — no single funder exceeds 11% of grant income, and it takes 24 funders to reach half.

the vertical line marks half of all grant income — 24 funders to its left

59% 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 Vanderbilt University.

11%
largest funder
19%
top three
~44
effective funders

Largest funder’s share by year: 2017 19% · 2018 18% · 2019 18% · 2020 15% · 2021 6% · 2022 12% · 2023 8% — 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

42% of Vanderbilt University's funders are still giving 3 years after their first grant; 63% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

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

Vanderbilt University draws 94% of its grant income from funders outside Tennessee, across 47 states in all.

ME
NH
WA
ID
MN
IL
WI
MI
NY
MA
OR
NV
WY
SD
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL

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

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

Funder states come from each funder’s own filing. $179M arriving through sponsors registered in 34 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

Vanderbilt University runs a healthier operating margin than three-quarters of the 684 education nonprofits its size.

Operating margin15% · top quartile
Months of reserve5.7mo · top quartile
Revenue growth (annualized)7% · above the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Government funding Vanderbilt University receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.0B on record — $2.0B federal, $2.7M state.

Federal$2.0B
grants $1.9Bcontracts $106.5M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Health and Human Services$1.3B
  • National Science Foundation$273.7M
  • Department of Defense$150.5M
  • Department of Education$147.1M
  • Department of Energy$75.4M
  • National Aeronautics and Space Administration$28.7M
State$2.7M
11
13
14
15
16
17
18
19
20
21
22
23
24
25
26
By state
  • MA$1.8M
  • CT$688k
  • NJ$109k
  • OK$60k
  • OR$8k
  • DE$4k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Vanderbilt 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 Tennessee

Nationally

05Profile & governance

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

Where the money goes

79% of spending goes to programs.

Program 79%Management 19%Fundraising 2%

Governance

35
board members
97%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

64%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 43 related entities

  • Dore Capital LLC · disregarded
  • Star V Partners LLC · disregarded
  • West Trace LLC · disregarded
  • Royal Tree LLC · disregarded
  • Vanderbilt Chelsea Holdings LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for Vanderbilt 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 Vanderbilt University?
Vanderbilt University (Tennessee) receives grants from 1029 organizations whose IRS filings report $561,358,747 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($63,114,069). 646 of them have funded it in more than one year.
How many funders does Vanderbilt University have?
IRS filings report 1029 organizations giving $561,358,747 in grants to Vanderbilt University, 646 of which have funded it in more than one year.
Who is the largest funder of Vanderbilt University?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $63,114,069 in grants. The full list of funders is on this page.
How can an organization like Vanderbilt University find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Tennessee. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1029 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 22, 2026. What this page cannot tell you · view filing