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For Humanity Campaign Report 2023–2024

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A Note from the President

It is my honor to lead Yale at this crucial moment in its history, in the midst of a campaign that is enhancing Yale’s distinct strengths and expanding its potential to enrich lives and introduce ideas and innovations that can transform the world.

At the center of the For Humanity campaign is our global community of alumni, parents, and friends. I know that behind every gift is someone who believes in Yale’s students and faculty and our mission. With your support, you are helping to create a stronger Yale and a brighter future for humanity. I am grateful to you.

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Maurie McInnis ’96 PhD, President of Yale University
Yale campus awash in glowing sunlight
Financial Charts
School of Management

Financials

Commitments: Annual Totals

Each year’s commitment total reflects gifts and new pledges received between July 1 and June 30. Contributions in FY20 and FY21 built the For Humanity nucleus fund, and the current, public phase of the campaign began in FY22.

Cash: Annual Totals

Each year’s cash total reflects gifts and pledge payments received between July 1 and June 30. Contributions in FY20 and FY21 built the For Humanity nucleus fund, and the current, public phase of the campaign began in FY22.

Commitments by Category, Fiscal 2024

In fiscal 2024, spendable gifts made up 47 percent of the $746.3 million fundraising total, while 32 percent was directed to the endowment. Thirteen percent was designated for facilities.
Current Restricted
Current Unrestricted
Endowment
Facilities
Designation Pending

Commitments by Source, Fiscal 2024

Individual donors, including alumni, parents, and friends, provided 78 percent of the giving total. Organizations, including corporations and foundations, provided 22 percent.
Alumni
Corporations
Foundations
Other individuals
Other organizations
Parents

Giving Totals, Fiscal 2024

Giving Totals, Fiscal 2024

Giving Totals, Fiscal 2024

The Yale Endowment

Yale’s endowment is a key resource supporting professorships, scholarships, curriculum development, and other essential functions of the university. Yale’s spending and investment policies provide substantial levels of cash flow to the operating budget for current needs while preserving endowment purchasing power for future generations.

In fiscal 2024, the endowment contributed $1.94 billion to the university’s operating budget. This figure represents 35 percent of Yale’s net revenues. With new gifts and a 5.7 percent investment return, the endowment’s value was $41.44 billion as of June 30, 2024.

Giving to the Endowment

Approximately 32 percent of new gifts and pledges, or $242 million, was directed to Yale’s endowment in fiscal 2024. Nearly 40 percent of endowment giving, or $95.9 million, supported scholarships and fellowships across the university. More than $30 million supported professorships.
Financial Aid
Research and Publications
Other Programs and Purposes
Unrestricted
Professorships
Other Categories*

*Other Categories includes Art and Library Acquisitions ($0.1M); Facilities and Maintenance ($0.3M); Teaching and Faculty Support ($2.1M).

Impact of Gifts to the Endowment

Since 1950, more than 79 percent of the endowment’s value has derived from gifts and the investment performance on those gifts. Over the past twenty years, Yale’s endowment has significantly outperformed the median endowment, with annualized returns of 10.3 percent as of June 30, 2024.
1950 endowment without subsequent gifts (billions)
Actual endowment market value (billions)

Effect of Investment Performance on Gifts

Yale’s endowment performance multiplies the impact of your endowed gift. This chart shows the growth of a $100,000 scholarship over ten years in the Yale endowment as compared with the mean endowment performance of a broad universe of colleges and universities. Over the ten years ending June 30, 2024, a $100,000 scholarship at Yale would have grown to $247,371 exclusive of spending. With annual payouts, this same fund would have grown to $161,751 while also producing $58,104 to support students.
Yale Endowment
Mean of broad universe of colleges and universities
Volunteers
Yale Day of Service

Volunteers

The For Humanity campaign brings the worldwide Yale community together.

From across the globe, alumni, parents, and friends join together to advance a shared purpose: to create a better world through supporting Yale. Volunteers help fundraise for the Yale Alumni Fund, class reunion gifts, and the overall For Humanity campaign. Campaign volunteers include five co-chairs, honorary chairs, a campaign committee, regional advisory groups, and groups focused on key audiences and key priorities such as support for students, Yale’s collections, and innovation.

For Connection

In fiscal 2024, more than 3,500 volunteers energized and inspired their peers to give to Yale and participate in the historic For Humanity campaign. Through volunteering, they had the chance to reconnect with classmates and meet new people while helping others find the causes at Yale that are most meaningful to them. Together, volunteers and donors have an impact for Yale and for humanity.
Brett Zbar ’94

Brett Zbar ’94

Chair, Yale Alumni Fund Board of Directors

“Every year, Yale alumni join together in giving back to the place that helped shape us. Through our impact we support more than Yale—we are opening doors for students, we are supporting world-changing research, and we are investing in a brighter future.”

Daniel Shen ’14

Daniel Shen ’14

Member, Class of 2014 10th Reunion Gift Committee

“Through serving on this year’s reunion gift committee, I not only had an incredibly fun time reconnecting with classmates but I also witnessed our collective success in both paying it forward for future Yalies and fostering our shared legacy.”

Chris McGowan and Sandy Wang P ’24

Chris McGowan and Sandy Wang P ’24

Chairs, Parents Leadership Council

“We know that, with a Yale education, today’s students will go on to make a difference in the world no matter where their paths may lead. We are proud to join with many other Yale parents to help enhance the undergraduate experience for current students and generations to come.”

For Humanity Campaign Committee

For Humanity Campaign Committee

The committee helps execute the fundraising and engagement strategies of the campaign and champions the impact that its success will make possible. Many members also lead regional and task-based groups composed of additional volunteers who serve as ambassadors for the campaign around the world.
YAF chair emeritus Randy Nelson and chair Brett Zbar pose for a Yale-themed photo

Alumni Fund Board of Directors

The board’s mission is to guide and support the fundraising programs of the Alumni Fund, Yale’s annual giving program, to raise unrestricted gifts for immediate use.
Parents Leadership Council

Parents Leadership Council

These committed parents are ambassadors of the university, and they provide leadership support for Yale’s highest priorities.
Students at Cross Campus
Students eating lunch

For Students

Donors are the key.

Financial aid opens doors, enabling students to study at Yale and to follow their intellectual and artistic interests to create a better world. Thanks to growing support for scholarships and fellowships, every part of Yale is becoming more affordable for students. For example, at the Divinity School, every student with demonstrated financial need now receives a full-tuition scholarship. And at the School of Medicine, the average student debt upon graduation is less than one-third of what it was at the start of the For Humanity campaign.

 

Giving Spotlight

A procession of YSE graduates on commencement day

The Next Generation of Climate Leaders

The largest gift in the history of the School of the Environment expands pathways to careers combatting climate change.
A caretaker holds the hand of a patient

Support for Scholarships at Yale School of Nursing

The school announced the largest single gift in its 100-year history, supporting YSN Community Scholars.
A burst of light illuminates the Yale campus

Celebrating Peter Salovey

In honor of Yale’s 23rd president, donors support scholarships and a professorship.
TROUBLE IN MIND by Alice Childress
Craig Crews Laboratory

For Excellence

Giving creates a better Yale and a better world.

Midway through the For Humanity campaign, the impact of giving is visible on campus, from galleries to laboratories to residential spaces. Donor giving touches every part of Yale and every part of the educational experience. Giving supports groundbreaking research, brings world-class faculty to campus, and creates an environment where students can thrive. The research, teaching, and learning happening at Yale today will improve the world for generations to come, and it is all made possible thanks to donors.

Impact Stories

A visualization of protein nanowires used by bacteria to "exhale" electrons

Translating Ideas to Impact

The Blavatnik Fund for Innovation brings groundbreaking research from Yale to the world.
A scene from Choir Boy by Tarell Alvin McCraney ’07

Yale to Move Forward with New Dramatic Arts Building

Thanks to donors, a new building will provide spaces for a range of theatrical activities at Yale.
A visualization of the future Yale Engineering campus on Hillhouse Avenue.

A New Era for Yale Engineering

A bequest from John W. Mitchell ’60 will support major developments at Yale Engineering.
Francis T. “Fay” Vincent, Jr. ’63 LLB

Support for Yale Baseball

Yale Baseball’s head coach position is named in honor of Fay Vincent ’31.
Specimens on display in the Yale Peabody Museum's new exhibit halls

A Renovated, Reimagined Peabody Museum

The beloved museum reopened with free admission, thanks to donors, after a four-year renovation.
Yale Divinity School chapel

Yale Divinity School Breaks Ground on Ambitious Living Village

Yale has begun construction on a residence hall that sets a new standard for sustainability.
For Humanity

Thank You!