NonprofitsBabson College

Education

Babson College

WELLESLEY, MA

Total revenue

$358.8M

Total expenses

$324.3M

Net assets

$942.4M

Grants received

$90.1M

643 grants

EIN

042103544

Tax year

2023

Mission

Babson college educates entrepreneurial leaders who create great economic and social value everywhere. Babson college is a global leader in management education with approximately 2,800 undergraduate and nearly 1,200 graduate enrollment. Our innovative curricula challenge students to think creatively and across disciplinary boundaries. We cultivate the willingness to take and manage risk, the ability to energize others toward a goal, and the courage to act responsibly. Our students understand that leadership requires both technical knowledge and a sophisticated appreciation of institutions, societies, cultures, and the self. They welcome the challenge of learning continuously and taking responsibility for their careers. Our students will be key contributors in established enterprises as well as emerging ventures.

Financials

FY 2023

Revenue

Contributions & grants$54.8M
Program service revenue$272.3M
Investment income$28.3M
Other revenue$3.3M
Total revenue$358.8M

Expenses

Grants paid$63.4M
Salaries & benefits$154.2M
Fundraising$13.1M
Other expenses$106.7M
Total expenses$324.3M
Total assets$1.2B
Net assets$942.4M

People

43 listed

NameRoleCompensation

STEPHEN SPINELLI

PRESIDENT

Board

$781K

50 hrs/wk

KATHERINE CRAVEN

CHIEF ADMIN./FINANCIAL OFFICER

Board

$479K

40 hrs/wk

KENICHI MATSUNO

VP ACADEMIC AFFAIRS & DEAN

Board

$415K

40 hrs/wk

MICHAEL LAYISH

SECRETARY & CLERK

Board

$315K

40 hrs/wk

ANTHONY CHIASSON

TRUSTEE

Board

1.2 hrs/wk

WARREN CROSS JR

VICE CHAIR, TRUSTEE (UNTIL OCT. 23)

Board

1.2 hrs/wk

RICHELIEU DENNIS JR

TRUSTEE

Board

1.2 hrs/wk

DEBORAH DE SANTIS

VICE CHAIR, BOARD OF TRUSTEES

Board

1.2 hrs/wk

BRETT A GORDON

TRUSTEE

Board

1.2 hrs/wk

BRUCE HERRING

TRUSTEE

Board

1.2 hrs/wk

RYUSUKE HONJO

TRUSTEE

Board

1.2 hrs/wk

ERIC JOHNSON

VICE CHAIR, BOARD OF TRUSTEES

Board

1.2 hrs/wk

JOHN JOHNSON

TRUSTEE

Board

1.2 hrs/wk

FRED SC KIANG

TRUSTEE

Board

1.2 hrs/wk

MICHAEL S LORBER

TRUSTEE

Board

1.2 hrs/wk

WASI MAHI

TRUSTEE (UNTIL 10/20/23)

Board

1.2 hrs/wk

JEFFREY MCLANE

TREASURER

Board

1.2 hrs/wk

AUDREY MCLOUGHLIN

TRUSTEE

Board

1.2 hrs/wk

CHRISTOPHER MALONE

TRUSTEE

Board

1.2 hrs/wk

RAMON MENDIOLA

TRUSTEE

Board

1.2 hrs/wk

JEFFERY PERRY

CHAIR, BOARD OF TRUSTEES

Board

1.2 hrs/wk

KENNETH G ROMANZI

TRUSTEE

Board

1.2 hrs/wk

JAMES A RULLO

TRUSTEE

Board

1.2 hrs/wk

SOMIA FARID SILBER

TRUSTEE

Board

1.2 hrs/wk

AMANDA STRONG

TRUSTEE

Board

1.2 hrs/wk

DAVIDE VISCO

TRUSTEE

Board

1.2 hrs/wk

RACHEL ZELCER

TRUSTEE (UNTIL 10/20/23)

Board

1.2 hrs/wk

COREY N O'NEILL

TRUSTEE

Board

1.2 hrs/wk

HARSHA AGADI

TRUSTEE

Board

1.2 hrs/wk

CHRISTINE ANGELAKIS

TRUSTEE (UNTIL 10/16/23)

Board

1.2 hrs/wk

THE HONORABLE CRAIG BENSON

VICE CHAIR, BOARD OF TRUSTEES

Board

1.2 hrs/wk

ETTORE V BIAGIONI

TRUSTEE

Board

1.2 hrs/wk

PHILIP H BOUTON

TRUSTEE

Board

1.2 hrs/wk

MARTHA BUCKLEY

TRUSTEE

Board

1.2 hrs/wk

ANDREW J BUTLER

TRUSTEE

Board

1.2 hrs/wk

STEVE CANNON

TRUSTEE (UNTIL 9/28/23)

Board

1.2 hrs/wk

CYRIL C CAMUS

TRUSTEE

Board

1.2 hrs/wk

EDWARD CHIU

SR. VP OF ADVANCEMENT

Staff

$904K

40 hrs/wk

RICHARD BLISS

PROFESSOR

Staff

$508K

40 hrs/wk

JAY RAO

PROFESSOR

Staff

$483K

40 hrs/wk

BEN CHEVRETTE

VICE PRESIDENT, DEVELOPMENT

Staff

$470K

40 hrs/wk

D R WIDDER

VP OF INNOVATION

Staff

$450K

40 hrs/wk

PHILLIP KIM

PROFESSOR

Staff

$433K

40 hrs/wk

Independent contractors

ERNST & YOUNG US LLP

CONSULTING

$1.3M

C4G LLC DBA CLOUD FOR GOOD LLC

IT CONSULTING

$1.1M

BEACON HILL STAFFING GROUP LLC

STAFFING

$806K

RENVISIONING TECHNOLOGY LLC

TECHNOLOGY

$485K

MARKLEY BOSTON LLC

NETWORK SERVICES

$386K

Grants received

Showing 200 of 643

FromAmountPurposeYear
$5.0M
THE ARTHUR M. BLANK SCHOOL OF ENTREPRENEURIAL
2024
$500K
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
2024
$395K
PROGRAM PILOT
2024
$305K
EDUCATIONAL
2024
$240K
Technology Entrepreneurship: Layered Learning Opportunities for Students Across the Curriculum
2024
$200K
BAD RIVER FILM PROJECT
2024
$176K
GENERAL
2024
$130K
FOR DONEE'S EXEMPT PURPOSE
2024
$120K
UNRESTRICTED GENERAL
2024
$120K
UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE
2024
$100K
THE SANCHEZ FAMILY FOUNDATION SCHOLARSHIP
2024
$90K
ENTREPRENEURIAL LEADERSHIP
2024
$55K
SCHOLARSHIPS
2024
$50K
OPERATIONS
2024
$25K
INDIGENOUS FILM SUPPORT
2024
$25K
Education
2024
$20K
UNRESTRICTED GENERAL SUPPORT
2024
$19K
SUPPORT FOR THE 2023, 2024, AND 2025 BABSON ENTREPRENEURSHIP RESEARCH CONFERENCE DOCTORAL CONSORTIUM FOR DOCTORAL STUDENTS PURSUING RESEARCH IN ENTREPRENEURSHIP. 202206-12634
2024
$18K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2024
$15K
PROGRAM SUPPORT
2024
$15K
DOCUMENTARY FILM ACTIVATION
2024
$14K
SCHOLARSHIP
2024
$13K
Scholarship funds
2024
$10K
SCHOLARSHIP
2024
$10K
GENERAL OPERATING
2024
$10K
EDUCATION AND YOUTH DEVELOPMENT
2024
$8K
GENERAL OPERATING SUPPORT
2024
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$7K
Donor Designation for General Support
2024
$7K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$5K
GENERAL SUPPORT
2024
$5K
Scholarship support
2024
$2K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2024
$2K
SCHOLARSHIP
2024
$2K
SUPPORT ENTREPRENEURIAL LEADERS
2024
$1K
ANNUAL FUND
2024
$1K
EDUCATIONAL
2024
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$1K
UNRESTRICTED CHARITABLE USE
2024
$1K
To fund operations
2024
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$1K
MATCHING GIFTS
2024
$1K
CONTRIBUTION TO SUPPORT THEIR ORGANIZATION
2024
$967
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$800
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$600
GENERAL SUPPORT
2024
$500
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$450
general fund grant
2024
$386
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$300
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$300
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$300
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$229
MATCHING GIFTS
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$60
GENERAL PURPOSE
2024
$4.8M
ARTHUR M BLANK SCHOOL OF ENTREPRENEURIAL LEADERSHIP
2023
$4.0M
GRANT TO MANAGE AND PROVIDE OVERSIGHT OF PROGRAM DELIVERY AND THE 10,000 SMALL BUSINESSES NATIONAL CURRICULUM ACROSS ALL LOCAL PARTNERS.
2023
$3.6M
For grant recipient's exempt purposes
2023
$540K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$500K
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
2023
$420K
UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE
2023
$300K
OPERATIONAL SUPPORT
2023
$260K
EDUCATION AND YOUTH DEVELOPMENT
2023
$229K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$176K
GENERAL
2023
$125K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
$103K
CLOSING THE FINANCIAL KNOWLEDGE GAP FOR STUDENTS AT HBCU'S
2023
$100K
GENERAL PURPOSE
2023
$100K
GENERAL CHARITABLE PURPOSES
2023
$75K
UNRESTRICTED GENERAL
2023
$75K
EDUCATIONAL ASSISTANCE
2023
$63K
GENERAL DONATION
2023
$50K
SUPPORT FOR THE 2023,2024, AND 2025 BABSON ENTREPRENEURSHIP RESEARCH CONFERENCE DOCTORAL CONSORTIUM FOR DOCTORAL STUDENTS PURSUING RESEARCH IN ENTREPRENEURSHIP. 202206-12634
2023
$35K
GENERAL CHARITABLE PURPOSES OF ORGANIZATION
2023
$30K
CHARITABLE DONATION
2023
$30K
EDUCATION
2023
$27K
MATCHING GIFTS
2023
$25K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2023
$25K
SCHOLARSHIPS
2023
$25K
JOHN E AND ALICE L BUTLER LAUNCH PAD
2023
$20K
GENERAL OPERATING SUPPORT
2023
$20K
PROGRAM SUPPORT
2023
$20K
ASSISTANCE FOR CHARITABLE PURPOSES
2023
$20K
GENERAL OPERATING SUPPORT
2023
$18K
UNRESTRICTED GENERAL SUPPORT
2023
$15K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2023
$12K
GRANTS FROM DONOR ADVISED FUNDS- OPERATING SUPPORT
2023
$10K
PROGRAM/OPERATING SUPPORT
2023
$10K
GENERAL OPERATING
2023
$10K
GENERAL OPERATING
2023
$10K
SCHOLARSHIP
2023
$9K
Scholarships for Michelle Guan ($1,250), Noor Mohamed ($3,019), Shruti Patel ($2,500), and Peter Za ($2,321)
2023
$9K
PROGRAM/OPERATING SUPPORT
2023
$7K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$6K
Donor Designation for General Support
2023
$6K
PROGRAM/OPERATING SUPPORT
2023
$5K
Stephen D Cutler Center for Investments and Finance
2023
$5K
SCHOLARSHIPS AND OPERATING COSTS
2023
$4K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$4K
EDUCATION SUPPORT
2023
$3K
GENERAL OPERATING
2023
$3K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$3K
EDUCATION - GENERAL OPERATING
2023
$2K
GENERAL OPERATING SUPPORT
2023
$2K
TO FUND HIGHER EDUCATION PROGRAMSTO FUND HIGHER EDUCATION PROGRAMS
2023
$2K
EDUCATION SUPPORT
2023
$2K
GENERAL SUPPORT
2023
$2K
GENERAL SUPPORT
2023
$2K
PROGRAM/OPERATING SUPPORT
2023
$2K
SUPPORT OF PRESIDENTS SOCIETY
2023
$2K
EDUCATION
2023
$2K
Matching Gifts
2023
$2K
Matching Gifts
2023
$2K
GENERAL PURPOSE
2023
$1K
Education
2023
$1K
SCHOLARSHIP
2023
$1K
ANNUAL FUND
2023
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$1K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2023
$1K
CHARITABLE OPERATIONS
2023
$1K
EDUCATIONAL
2023
$600
GENERAL SUPPORT
2023
$500
GENERAL SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
UNRESTRICTED CHARITABLE USE
2023
$500
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$500
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$400
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$325
MATCHING GIFTS
2023
$300
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$250
OTHER CIVIC / COMMUNITY
2023
$200
UNRESTRICTED GRANT
2023
$200
UNRESTRICTED
2023
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$150
CHARITABLE GIFT
2023
$150
general support
2023
$100
EDUCATION
2023
$100
OTHER CIVIC / COMMUNITY
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$60
CHARITABLE PURPOSE
2023
$25
OTHER CIVIC / COMMUNITY
2023
$25
OTHER CIVIC / COMMUNITY
2023
$4.5M
THE ARTHUR M. BLANK SCHOOL OF ENTREPRENEURIAL LEAD
2022
$3.8M
For grant recipient's exempt purposes
2022
$3.4M
GRANT TO MANAGE AND PROVIDE OVERSIGHT OF PROGRAM DELIVERY AND THE 10,000 SMALL BUSINESSES NATIONAL CURRICULUM ACROSS ALL LOCAL PARTNERS.
2022
$2M
UNRESTRICTED
2022
$1M
FULFILL PURPOSES OF THE ORGANIZATION
2022
$500K
SUPPORT ORGANIZATION'S PROGRAMS AND ACTIVITIES
2022
$400K
UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE
2022
$326K
BABSON RECREATION AND ATHLETIC COMPLEX
2022
$300K
OPERATIONAL SUPPORT
2022
$250K
CHARITABLE
2022

Funded by

$90.1M from 205 funders · 643 grants · 2017–2024

The Arthur M Blank Family Foundation

$22.2M · 7 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$16.8M · 8 grants · 2017–2023

The Goldman Sachs Foundation

$10.6M · 4 grants · 2020–2023

National Philanthropic Trust

$7.7M · 6 grants · 2017–2023

Andrew J & Joyce D Mandell Family

$4.9M · 5 grants · 2020–2024

Leonard And Lois Green

$4.5M · 3 grants · 2020–2022

Richard W Sorenson Family Foundation

$2M · 5 grants · 2020–2024

Lunder Foundation

$1.4M · 10 grants · 2020–2022

Details

EIN042103544
NTEE codeB420
Subsection03
Ruling date1923-10
Formed1919
Employees2318
Volunteers2105
BABSON COLLEGE — Mission, Financials & Grants Received | Grantivo