Trustees of the University of Pennsylvania is a 501(c)(3) educational institution and nonprofit organization based in Philadelphia, Pennsylvania. Founded in 1746, the organization operates as a university with integrated healthcare services. The organization maintains its headquarters at 3451 Walnut Street, Philadelphia, PA 19104.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.0B
+3.4% YoY
Annual Giving
$11.0M
+21.2% YoY
Grant Count
58
-7.9% YoY
Avg Grant Size
$189K
+31.6% YoY
Mission & Focus Areas
The Trustees of the University of Pennsylvania sees itself as having a public service mission. The organization aims to:
- Provide a rich and diverse educational environment for its students
- Pioneer research that pushes the boundaries of current human knowledge
- Provide the most current and highest quality patient care through the University Health System
The organization is classified under NTEE code B43 (University or Technological Institute) and operates as an educational institution with related healthcare activities.
Grantmaking
The organization operates multiple grant programs and funding initiatives:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (2023):
- Total Assets: $34.0 billion
- Annual Revenue: $10.7 billion
- Net Income: $20.4 billion
- Total Officer & Director Compensation: $53.2 million
- Reportable Compensation (Organization): $46.8 million
- Other Compensation: $6.7 million
- Employees Earning Over $100K: 12,102
Historical Revenue Trend: The organization has demonstrated significant growth over the past decade, with annual revenue increasing from $5.3 billion in 2011 to $10.7 billion in 2023.
Compensation as Percentage of Expenses: 0.6%
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,038,997,000 | $32,928,091,000 | $32,016,287,000 |
| Revenue | $10,747,066,000 | $9,925,251,000 | $11,078,595,000 |
| Expenses | $9,999,922,000 | $9,264,364,000 | $8,255,789,000 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,136,096,000 | $689,529,000 | $1,633,981,000 |
| 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
167 grants across all recorded years
Open Grants
7 open opportunities from Trustees of the University of Pennsylvania
Basser External Research Grant Program
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
Amount
Varies
Deadline
Rolling / Open
Bow Foundation- GNAO1 Neurodevelopmental Disorder RFA
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
Amount
Varies
Deadline
Rolling / Open
CDKL5 Pilot Grant Program
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
Amount
US $150,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Interim President: J. Larry Jameson M.D., Ph.D
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AMMON PETER | CHIEF INVESTMENT OFFICER | 55 | $5,348,153 |
| JAMESON J LARRY DR | PRES & TRUSTEE - AS OF 12/23 | 55 | $5,137,869 |
| YOSHOR DANIEL MD | NEUROSURGERY | 55 | $2,749,755 |
| MAHONEY KEVIN | CEO, UPHS | 42 | $2,777,146 |
| STORM PHILLIP B MD | CHOP - NEUROSURGERY | 55 | $2,429,574 |
| TAYLOR JESSE MD | CHOP - PLASTIC SURGERY | 55 | $2,357,507 |
| ADZICK N SCOTT MD | CHOP - SURGERY | 55 | $2,352,177 |
| MARCOTTE PAUL MD | NEUROSURGERY | 55 | $2,357,514 |
| MAGILL M ELIZABETH | PRES & TRUSTEE - THRU 12/23 | 55 | $2,234,131 |
| DRISCOLL DEBORAH A MD | SVP CPUP, VICE DEAN PSOM | 53 | $2,124,039 |
| KASPER KEITH | CFO, UPHS | 41 | $1,810,167 |
| CUNNINGHAM REGINA | CEO HUP | 54 | $1,804,032 |
| PRITCHETT WENDELL | FORMER PROVOST | 53 | $1,641,973 |
| CARNAROLI CRAIG | EXECUTIVE VP | 54 | $1,215,237 |
| VOLPE MICHELLE | COO UPHS | 50 | $1,396,534 |
| EPSTEIN JON MD | VICE DEAN, PSOM | 55 | $1,309,872 |
| HUSSON JAMES | VP DEVELOPMNT & ALUMI RELATION | 55 | $1,145,769 |
| WHITE WENDY | SVP & GENERAL COUNSEL | 54 | $1,096,256 |
| JACKSON JOHN PHD | PROVOST | 54 | $938,387 |
| MURPHY THOMAS | SVP ISC & CIO | 55 | $842,823 |
| NARVEKAR MEDHA | VP & SECRETARY | 55 | $785,530 |
| PAPAGEORGE ANNE | SR VP FACILITIES & REAL ESTATE | 53 | $707,284 |
| MASOTTI CHRISTOPHER | VICE DEAN, ADMINISTRATION PSOM | 55 | $686,367 |
| DINGFIELD MARK | VP FINANCE & TREASURER | 54 | $656,626 |
| HEUER JOHN J | SVP HUMAN RESOUR-THRU 6/30/24 | 55 | $633,241 |
| MITCHELL JOANN | SVP FOR INSTITUTIONAL AFFAIRS | 55 | $665,861 |
| JOHNSTON ELIZABETH | FORMER EXEC. DIRECTOR CPUP | 54 | $658,654 |
| LEWIS TREVOR | VP BUDGET & MGMT ANALYSIS | 55 | $599,731 |
| SESTITO JOHN | VP & EXECUTIVE DIRECTOR CPUP | 55 | $576,461 |
| COOPER JEFFREY | VP GOV'T & COMMUNITY RELATIONS | 55 | $585,075 |
| WITT MARIE | VP BUSINESS SERVS-THRU 5/31/24 | 55 | $527,502 |
| LOPEZ STACEY | VP INSTITUTIONAL RESEARCH | 55 | $521,438 |
| PELLICANO GREGORY | VP AUDIT, COMPLIANCE & PRIV'Y | 54 | $468,344 |
| CITRO MICHAEL | VP AND CHIEF OF STAFF | 54 | $486,773 |
| MACCARTHY STEPHEN J | FORMER VP COMMUNICATIONS | 55 | $469,092 |
| DILEO RUSSELL | COMPTROLLER | 55 | $409,859 |
| HOWARD CHARLES | VP SOC EQ & COMM, UNIV. CHAPLN | 55 | $362,540 |
| ANDERSON KATHLEEN | VP FOR PUBLIC SAFETY | 54 | $343,458 |
| ROST GREGORY | FORMER SVP & CHIEF OF STAFF | — | $284,992 |
| COWENHOVEN ANNA | VP COMMUNICATNS-AS OF 08/01/23 | 55 | $218,435 |
| QUINN PETER | FORMER SR VP, VICE DEAN, PS | 54 | $104,479 |
| LAU JOAN MD | TRUSTEE; ADJ. PROFESSOR | 2 | $31,873 |
| IMASOGIE OSAGIE O ESQ | TRUSTEE; LECTURER | 2 | $6,000 |
| PINOLA KRISTA MALOVANY | TRUSTEE; CONSULTANT-COURSE DEV | 2 | $1,500 |
| AHMAD HYDER | TRUSTEE | 2 | — |
| ALBER LAURA J | TRUSTEE | 2 | — |
| BANDEEN BONNIE MIAO | TRUSTEE | 2 | — |
| BARRETT MICHAEL L | TRUSTEE | 2 | — |
| BARTH BRETT H | TRUSTEE | 2 | — |
| BLITZER DAVID S | TRUSTEE | 2 | — |
| BOK SCOTT L | TRUSTEE-THRU 12/9/2023 | 2 | — |
| BRADY ALLISON W | TRUSTEE | 2 | — |
| CAREY WILLIAM POLK II | TRUSTEE | 2 | — |
| DINAN JAMES G | TRUSTEE-CHAIR BUDGET & FINANCE | 3 | — |
| DUCKWORTH CONNIE KADROVACH | TRUSTEE-THRU 12/31/2023 | 2 | — |
| DURAN ALBERTO IVAN | TRUSTEE | 2 | — |
| ERTEL DAVID | TRUSTEE | 2 | — |
| FRANKLIN CHRISTOPHER H | TRUSTEE | 2 | — |
| GUREGHIAN VAHAN H ESQ | TRUSTEE-THRU 10/14/2023 | 2 | — |
| HAIDAS ALEX | TRUSTEE | 2 | — |
| HOLMAN WENDY COMMINS | TRUSTEE | 2 | — |
| HONGCHOY GEORGE KWOK LUNG | TRUSTEE | 2 | — |
| HOWELL LLOYD W JR | TRUSTEE | 2 | — |
| JERATH LYNN J | TRUSTEE | 2 | — |
| JOHNSON KEVIN | TRUSTEE | 2 | — |
| KARP ATHENA | TRUSTEE | 2 | — |
| KHADJENOURI MASSI | TRUSTEE | 2 | — |
| MARTIN PATRICIA MD | TRUSTEE | 2 | — |
| MCMORRIS MARC F | TRUSTEE-CHAIR INVESTMENTS | 3 | — |
| MITCHELL MARSHALL PH | TRUSTEE | 2 | — |
| NEMIROVSKY OFER | TRUSTEE | 2 | — |
| O'HERN LYONS CATHERINE M | TRUSTEE | 2 | — |
| PAI DHANANJAY M | TRUSTEE | 2 | — |
| PEISACH CHERYL | TRUSTEE | 2 | — |
| PENN KEVIN S | TRUSTEE | 2 | — |
| PERRY RICHARD C | TRUSTEE | 2 | — |
| PLATT JULIE BEREN | TRUSTEE | 2 | — |
| PRICE MICHAEL J | TRUSTEE | 2 | — |
| RACHLEFF ANDREW S | TRUSTEE | 2 | — |
| RAGHAVENDRAN RAMANAN | TRUSTEE-CHAIR TRUSTEE BOARD | 6.5 | — |
| SCHLEIN THEODORE E | TRUSTEE | 2 | — |
| SCHNITZER ALAN DAVID | TRUSTEE-CHR AUDIT & COMPLIANCE | 3 | — |
| SCHWARTZ BRIAN D | TRUSTEE | 2 | — |
| SCHWARTZ JODI J ESQ | TRUSTEE | 2 | — |
| SEAMAN JULIE BREIER | TRUSTEE | 2 | — |
| SHOEMAKER JOHN P | TRUSTEE | 2 | — |
| SNIDER STACEY G | TRUSTEE | 2 | — |
| STAVIS ROBERT M | TRUSTEE | 2 | — |
| STONE HARLAN M | TRUSTEE | 2 | — |
| VAGUE RICHARD W | TRUSTEE | 2 | — |
| WEISS JILL TOPKIS | TRUSTEE | 2 | — |
| SHAPIRO JOSH HON | EX-OFFICIO TRUSTEE | 2 | — |
| SCALES MICHAEL | VP BUSINESS SERV-AS OF 6/1/24 | — | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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