The Administrators of the Tulane Educational Fund is a 501(c)(3) nonprofit organization based in New Orleans, Louisiana, operating as the administrative entity for Tulane University. The organization has maintained tax-exempt status since September 1979 and is classified as an educational institution focused on higher education, research, and public service.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3B
+8.8% YoY
Annual Giving
$18.9M
+20.5% YoY
Grant Count
730
+7.2% YoY
Avg Grant Size
$26K
+12.5% YoY
Mission & Focus Areas
Tulane's mission is to create, communicate, and conserve knowledge in order to enrich the capacity of individuals, organizations, and communities to think, to learn, and to act and lead with integrity and wisdom.
The organization pursues this mission by:
- Cultivating an environment focused on learning and the generation of new knowledge
- Expecting and rewarding teaching and research of extraordinarily high quality and impact
- Fostering community-building initiatives as well as scientific, cultural, and social understanding that integrate with and strengthen learning and research
- Leveraging the unique qualities of its location in New Orleans and aspiring to be a distinctive international university
Primary funding focus areas include Education, Human Services, and Health Care.
Grantmaking
The organization demonstrates significant grant-making activity with total giving of $257,828,000 according to the most recent IRS Form 990 filing (2024). Typical grant awards range from $5,012 to $1,300,000.
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Geographic Focus
Where this funder awards grants
The organization's grant-making focuses primarily on Louisiana, Texas, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $4,312,796,000
Annual Revenue: $1.8 billion (fiscal year 2024)
Annual Expenses: $1.67 billion (fiscal year 2024)
Total Giving: $257,828,000
The organization operates as a school and reported providing first-class or charter travel to key employees or officers. The organization also reported conflict of interest transactions on its tax filings.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,312,796,000 | $3,962,345,000 | $3,709,652,000 |
| Revenue | $1,798,067,000 | $1,674,159,000 | $1,639,844,000 |
| Expenses | $1,669,348,000 | $1,529,244,000 | $1,453,849,000 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $178,341,000 | $179,424,000 | $190,448,000 |
| 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
Board Leadership:
- Douglas J. Hertz (Chair) – President & CEO, United Distributors, Inc., Smyrna, GA
- Carol L. Bernick (Chair-elect) – CEO, Polished Nickel Capital Management, Chicago, IL
- Michael A. Corasaniti (Board Vice Chair) – CEO and Founder, Tourmalet Advisors, LP, Fairfield, CT
- R. Hunter Pierson, Jr. (Board Vice Chair) – President, Pierson Investments, New Orleans, LA
University Leadership:
- Michael Fitts – President
Additional board members include Elizabeth Connolly Alexander, The Honorable Michael G. Bagneris, Dr. Jeffrey R. Balser, David Barksdale, Bradley B. Beers, Gayle M. Benson, Kim M. Boyle, Glenn M. Darden, David F. Edwards, and others representing diverse professional backgrounds and geographic locations.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Fitts | President | 40 | $2,991,000 |
| William Fritz | Head Football Coach | 40 | $1,940,000 |
| Richard Chau | Chief Investment Officer | 40 | $1,595,000 |
| Ronald Hunter | Head Basketball Coach | 40 | $1,435,000 |
| Dr J Thompson Jr | Physician | 40 | $1,369,000 |
| Patrick Norton | COO and Treasurer of the University | 40 | $968,000 |
| Dr A Dumont | Physician | 40 | $1,183,000 |
| Julia Mord | Deputy Chief Investment Officer | 40 | $917,000 |
| Dr L Hamm | Senior VP and Dean of Medicine | 40 | $943,000 |
| Troy Dannen | Athletic Director | 40 | $921,000 |
| Robin Forman | Senior VP for Academic Affairs and Provost | 40 | $883,000 |
| Dr F Savoie | Physician | 40 | $774,000 |
| Virginia Wise | Senior VP for Advancement | 40 | $661,000 |
| Victoria Johnson | General Counsel | 40 | $711,000 |
| Elizabeth Brown-Aigeldinger | Secretary of the University | 40 | $524,000 |
| Shawn Abbott | Vice President of Enrollment Management | 40 | $441,000 |
| Ian Morrison | Vice President of Public Relations and Chief Communications Officer | 40 | $381,000 |
| Jonathan Small | Vice President of Human Resources and Institutional Equity | 40 | $304,000 |
| James Wandling | University Controller | 40 | $275,000 |
| Dr Steven Paul | Voting Board Member | — | — |
| Donald Peters Jr | Voting Board Member | — | — |
| Irwin Simon | Voting Board Member | — | — |
| Ann Tenenbaum | Voting Board Member | — | — |
| Michael Corasaniti | Vice Chair | — | — |
| Dr Jeffrey Balser | Voting Board Member | — | — |
| Glenn Darden | Voting Board Member | — | — |
| Michelle Diener | Voting Board Member | — | — |
| Arnold Donald | Voting Board Member | — | — |
| Stephanie Feoli | Voting Board Member | — | — |
| Timothy Francis | Voting Board Member | — | — |
| Suzanne Grant | Voting Board Member | — | — |
| Lisa Jackson | Voting Board Member | — | — |
| Jennifer Kottler | Voting Board Member | — | — |
| Barry Malkin | Voting Board Member | — | — |
| William Marko | Voting Board Member | — | — |
| E Pierce Marshall Jr | Voting Board Member | — | — |
| David Mussafer | Voting Board Member | — | — |
| Elizabeth Alexander | Voting Board Member | — | — |
| Regina Benjamin | Voting Board Member | — | — |
| Richard Lerner | Voting Board Member | — | — |
| Martha Murphy | Voting Board Member | — | — |
| Mark Tipton | Voting Board Member | — | — |
| Dr Trivia Frazier | Voting Board Member | — | — |
| Kim Boyle | Voting Board Member | — | — |
| Michael Rubenstein | Voting Board Member | — | — |
| Kate Williamson | Voting Board Member | — | — |
| David Zhang | Voting Board Member | — | — |
| Jeffrey B Goldring | Voting Board Member | — | — |
| Carol Bernick | Chair | — | — |
| Wayne Lee | Vice Chair | — | — |
| Albert Small Jr | Vice Chair | — | — |
Recent News & Activity
Recent developments and announcements
The organization has been active in major funding initiatives, including:
Participation in a record-setting $160 million grant to transform Louisiana's energy industry
Tulane part of record-setting $160 million grant to transform Louisiana\u2019\Announcement of $40,000 in FUEL Grants for Energy Transition Technologies through the Tulane Innovation Institute
Tulane Innovation Institute Announces $40,000 in FUEL Grants for Energy TransitionInvolvement in federal grant programs and institutional challenge grants
Announcing the 2026 Institutional Challenge Grant FinalistsSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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