Rensselaer Polytechnic Institute (RPI) is America's first technological research university, founded in 1824. Located in Troy, New York, the institution operates as a 501(c)(3) educational organization with a focus on scientific and technological advancement. RPI serves over 7,940 students and maintains a community of 110,000+ living alumni across its operations in 28 countries.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7B
+2.0% YoY
Annual Giving
$8.5M
+11.9% YoY
Grant Count
67
+19.6% YoY
Avg Grant Size
$127K
-6.5% YoY
Mission & Focus Areas
Mission: Rensselaer educates the leaders of tomorrow for technologically based careers. The institution celebrates discovery and the responsible application of technology to create knowledge and global prosperity.
The organization addresses global challenges facing the 21st century through its commitment to changing lives, advancing society, and changing the world.
Primary Program Areas:
- Scholarships and Fellowships (5,564 undergraduate students on scholarship; 1,145 graduate students on scholarships/fellowships)
- Instruction (5,853 undergraduate students; 1,164 graduate students; 47 special students enrolled)
- Research (547 active research projects)
- Auxiliary services (2,962 dormitory rooms; 1,026 single apartments; 3,455 students on meal plans)
Grantmaking
RPI functions as both a recipient and provider of research funding. The institution made research subcontract grants to other organizations, including:
Grant Range
** Typical awards range from $5,918 to $925,581
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Geographic Focus
Where this funder awards grants
RPI operates in 28 countries including India, China, Bangladesh, Canada, and Australia. Grant-making priorities focus primarily on New York, Massachusetts, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024 (Most Recent Filing):
- Total Assets: $1,731,509,146
- Total Revenue: $709,000,000
- Total Expenses: $703,000,000
- Total Liabilities: $815,000,000
As of 2023:
- Total Assets: $1,697,301,020
- Total Revenue: $666,573,071
- Total Expenses: $642,598,495
Program Expenses (2023):
- Scholarships and Fellowships: $220,381,534
- Instruction: $209,754,171
- Research: $92,398,381
Staffing: 4,750 employees (as of 2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,731,509,146 | $1,697,301,020 | $1,667,282,381 |
| Revenue | $709,446,445 | $666,573,071 | $703,187,253 |
| Expenses | $703,203,246 | $642,598,495 | $582,168,465 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $63,350,748 | $49,374,793 | $108,344,860 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Gift Planning:
- Drew Babitts, MBA, CAP® — Director, Gift Planning
Faculty: 450+ dedicated full-time faculty members, including 270 tenured faculty members
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carmella Mentello | Mayor-Elect of Troy as of 1/1/2024 | 2 | — |
| Curtis R Priem | Trustee | 2 | — |
| Daniel Pickett III | Trustee | 2 | — |
| Dario Gil | Trustee | 2 | — |
| David Ho | Trustee | 2 | — |
| Gary T DiCamillo | Trustee | 2 | — |
| Jackson P Tai | Trustee | 2 | — |
| Janet Rutledge | Trustee | 2 | — |
| Jeffrey L Kodosky | Trustee | 2 | — |
| John Bennett | Trustee | 2 | — |
| John Capek | Trustee | 2 | — |
| John E Kelly III | Trustee | 2 | — |
| Kate Murtagh | Trustee | 2 | — |
| Linda Jojo | Trustee | 2 | — |
| Mark M Little | Trustee | 2 | — |
| Mary Humiston | Trustee | 2 | — |
| Patrick Madden | Ex-Officio Member till 12/31/2023 | 2 | — |
| Paula L Simon | Trustee | 2 | — |
| Roderic Pettigrew | Trustee | 2 | — |
| Srinivasan Sivaram | Trustee | 2 | — |
| Theodore J Wojnar Jr | Trustee | 2 | — |
| Tom Capek | Trustee | 2 | — |
| Craig Cook | Secretary and General Counsel | 40 | $508,942 |
| Eileen McLoughlin | Vice President for Finance and CFO | 40 | $455,649 |
| Ernest Katzwinkel | VP of the Division of Administration | 40 | $320,711 |
| Hannelore Rodriguez-Farrar | Vice President and Co-Head of the Office of Community Engagement and Communications | 40 | $41,321 |
| John Kolb | Vice President for Information Services & CTO | 40 | $514,379 |
| Jonathan Dordick | Vice President for Strategic Alliances and Translation | 45 | $507,214 |
| Jonathan Wexler | Vice President for Enrollment | 40 | $388,400 |
| Louis Padula | Acting Vice President, Human Resources | 40 | $258,581 |
| Martin Schmidt | President | 55 | $1,252,452 |
| Matthew Ter Molen | VP of Institute Advancement | 40 | $536,798 |
| Pamela Smith | Vice President and Co-Head of the Office of Community engagement and Communications | 40 | $194,483 |
| Peter Konwerski | Vice President for Student Life | 45 | $315,293 |
| Rebecca Doerge | Provost | 40 | $321,137 |
| Robert Hull | Vice President for Research | 40 | $413,712 |
| Rosaline Lee | VP and Chief Strategy Officer for Institutional Impact | 40 | $332,997 |
| Shekhar Garde | Dean, School of Engineering | 40 | $412,240 |
| Boleslaw Szymanski | Professor | 40 | $382,198 |
| Gaetano Montelione | Professor | 40 | $356,951 |
| James Hendler | Professor | 40 | $366,580 |
| Mary Simoni | Dean of Humanities, Arts, and Social Sciences (HASS) | 40 | $458,518 |
| Nalin Chanaka Edirisinghe | Acting Dean, Lally School of Management | 40 | $403,641 |
| Curtis Powell | Former Vice President for Human Resources | — | $471,888 |
| Dr Shirley Ann Jackson | Former President | — | $2,425,559 |
| Prabhat Hajela | Former Provost | 45 | $561,296 |
Recent News & Activity
Recent developments and announcements
Recent grant awards and research initiatives include:
$3.3 million grant to improve mRNA purification
Rensselaer Polytechnic Institute Awarded $3.3 Million Grant to ...$100,000 grant to advance generative AI framework for teaching and learning
RPI Awarded $100,000 Grant to Advance Generative AI Framework for TeachingAir Force grant to monitor growing traffic between Earth and Moon
RPI Awarded Air Force Grant to Monitor Growing Traffic Between Earth andResearch initiatives in nasal spray development to combat COVID-19 and respiratory infections
Nasal Spray Research to Combat COVID-19 and Other Respiratory ...Agentic AI research for aerospace design applications
RPI Researchers Harness Agentic AI for Smarter, Faster Aerospace Design |Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
58
Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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