CFA INSTITUTE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: CFA INSTITUTE (EIN 54-1386480)
Tax period: 2024-09-01 to 2025-08-31
Filed: 2026-07-14
IRS object ID: 202641959349300129
Schema version: 2024v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule C
Schedule D
Schedule F
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-07-14T09:11:16+00:00	ReturnTs
Tax Period End	2025-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	135565207	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KPMG LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	8350 Broad Street Suite 900	AddressLine1Txt
City	McLean	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22102	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	541386480	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CFA Institute	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CFAI	BusinessNameControlTxt
Phone	4349515499	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	915 EAST HIGH STREET	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22902	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PATRICIA ROTHSCHILD	PersonNm
Person Title	INTERIM PRESIDENT & CEO	PersonTitleTxt
Signature	2026-07-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Brian Kearns	PreparerPersonNm
PTIN	P02061479	PTIN
Phone	7032868000	PhoneNum
Preparation	2026-07-06	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PATRICIA ROTHSCHILD	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	915 EAST HIGH STREET	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22902	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$552,359,900	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CFAINSTITUTE.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1986	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	SEE STATEMENT O	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	13	VotingMembersIndependentCnt
Total Employee	457	TotalEmployeeCnt
Total Volunteers	4160	TotalVolunteersCnt
Total Gross UBI	$488,817	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$200,591	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$365,965,547	PYProgramServiceRevenueAmt
CY Program Service Revenue	$410,301,685	CYProgramServiceRevenueAmt
PY Investment Income	$91,882,739	PYInvestmentIncomeAmt
CY Investment Income	$122,523,258	CYInvestmentIncomeAmt
PY Other Revenue	$5,043,712	PYOtherRevenueAmt
CY Other Revenue	$1,213,744	CYOtherRevenueAmt
PY Total Revenue	$462,891,998	PYTotalRevenueAmt
CY Total Revenue	$534,038,687	CYTotalRevenueAmt
PY Grants And Similar Paid	$15,459,313	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$14,389,805	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$108,198,875	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$113,730,823	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$174,697,056	PYOtherExpensesAmt
CY Other Expenses	$193,464,902	CYOtherExpensesAmt
PY Total Expenses	$298,355,244	PYTotalExpensesAmt
CY Total Expenses	$321,585,530	CYTotalExpensesAmt
PY Revenues Less Expenses	$164,536,754	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$212,453,157	CYRevenuesLessExpensesAmt
Total Assets BOY	$912,886,795	TotalAssetsBOYAmt
Total Assets EOY	$1,038,237,122	TotalAssetsEOYAmt
Total Liabilities BOY	$347,786,928	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$310,731,541	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$565,099,867	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$727,505,581	NetAssetsOrFundBalancesEOYAmt
Mission	SEE STATEMENT O	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	THE CHARTERED FINANCIAL ANALYST (CFA) PROGRAM: THE ORGANIZATION ADMINISTERS THE CFA PROGRAM, A THREE-LEVEL, EDUCATION AND EXAMINATION PROGRAM COVERING TOPICS ESSENTIAL TO THE INVESTMENT DECISION-MAKING PROCESS. PROGRAM TOPICS FORM THE CANDIDATE BODY OF KNOWLEDGE AND INCLUDE ETHICAL AND PROFESSIONAL STANDARDS, QUANTITATIVE METHODS, ECONOMICS, FINANCIAL STATEMENT REPORTING AND ANALYSIS, CORPORATE FINANCE, EQUITY AND FIXED-INCOME ANALYSIS, ALTERNATIVE INVESTMENTS, DERIVATIVES, PORTFOLIO MANAGEMENT, AND WEALTH PLANNING.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	PROFESSIONAL DEVELOPMENT SERVICES: THE ORGANIZATION PROMOTES LIFELONG LEARNING BY DEVELOPING AND DISSEMINATING A VARIETY OF EDUCATIONAL COURSES AND CERTIFICATES TO INVESTMENT PROFESSIONALS ON TOPICS RELEVANT TO THE PROFESSION, INCLUDING SUSTAINABLE INVESTING CERTIFICATE; CLIMATE RISK, VALUATION AND INVESTING CERTIFICATE, PRIVATE MARKETS AND ALTERNATIVE INVESTMENTS CERTIFICATES, DATA SCIENCE FOR INVESTMENT PROFESSIONS CERTIFICATE, THE CERTIFICATE IN INVESTMENT PERFORMANCE MANAGEMENT, PRIVATE EQUITY CERTIFICATE AND INVESTMENT FOUNDATIONS CERTIFICATE.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	STANDARDS ADVOCACY, AND THOUGHT LEADERSHIP: THE ORGANIZATION IS A LEADING VOICE ON ISSUES OF FAIRNESS, EFFICIENCY, AND INVESTOR PROTECTION IN GLOBAL CAPITAL MARKETS AND PROMOTES HIGH STANDARDS OF ETHICS, INTEGRITY, AND PROFESSIONAL EXCELLENCE WITHIN THE INVESTMENT COMMUNITY. THE ORGANIZATION ALSO PROMOTES AND ENFORCES THE CFA INSTITUTE CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT. ALL MEMBERS OF THE ORGANIZATION AND CANDIDATES IN THE CFA PROGRAM ARE REQUIRED TO ADHERE TO THIS CODE.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$0	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	Yes (true)	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	Yes (true)	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	Yes (true)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	213	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	457	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	Yes (true)	ForeignFinancialAccountInd
Foreign Country	HK	ForeignCountryCd
Foreign Country	IN	ForeignCountryCd
Foreign Country	SN	ForeignCountryCd
Foreign Country	BE	ForeignCountryCd
Foreign Country	AE	ForeignCountryCd
Foreign Country	UK	ForeignCountryCd
Foreign Country	CA	ForeignCountryCd
Foreign Country	CH	ForeignCountryCd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (true)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	13	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	Yes (true)	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Policies Reference Chapters	false	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Written Policy Or Procedure	false	WrittenPolicyOrProcedureInd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	STEVEN HENDRY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4349515499	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	915 EAST HIGH STREET	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	229022083	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
HEINZ HOCKMANN
BOG VICE CHAIR	1.0	0	Yes (X)	Yes (X)	$0	$0	$0
MARGARET FRANKLIN
PRES & CEO & RESRCH FDN BD MEM	40.0	1.0	Yes (X)	Yes (X)	$1,444,710	$0	$44,589
MARSHALL BAILEY
BOG CHAIR	1.0	0	Yes (X)	Yes (X)	$0	$0	$0
JENNIFER GARBOWICZ
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
JOANNE HILL
BOARD MEMBER	1.0	1.0	Yes (X)		$0	$0	$0
LINDSEY MATTHEWS
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
MARIA WILTON
BOARD MEMBER	1.0	0	Yes (X)		$14,459	$0	$0
MEI GAO
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
OYEBANJI FEHINTOLA
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
PAMELA YANG
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
PATRICIA ROTHSCHILD
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
RAVI GAUTHAM
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
VIPIN MAYAR
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
YIMEI LI
BOARD MEMBER	1.0	0	Yes (X)		$0	$0	$0
JOE LANGE
CORPORATE SECRETARY	40.0	0		Yes (X)	$242,549	$0	$56,762
STEVEN HENDRY
CHIEF FINANCIAL OFFICER	40.0	0		Yes (X)	$632,182	$0	$71,394
ANDREW ROME
MANAGING DIRECTOR	40.0	0			$522,874	$0	$61,391	Yes (X)
CHRIS WIESE
MANAGING DIRECTOR	40.0	0			$589,933	$0	$71,100	Yes (X)
MARTIN COLBURN END 92025
MANAGING DIRECTOR	40.0	0			$678,575	$0	$51,782	Yes (X)
PAUL ANDREWS END 12025
MANAGING DIRECTOR	40.0	0.0			$397,691	$0	$61,380	Yes (X)
PAUL MOODY
MANAGING DIRECTOR	40.0	0			$620,918	$0	$40,611	Yes (X)
SHERI KELLY
MANAGING DIRECTOR	40.0	0			$563,528	$0	$61,080	Yes (X)
ANNE O'BRIEN
CHIEF OF STAFF	40.0	0			$436,935	$0	$60,781		Yes (X)
DOUG COHEN
SENIOR HEAD PRODUCT MANAGEMENT	40.0	0			$400,656	$0	$67,970		Yes (X)
SANDY PETERS
SENIOR HEAD, FIN. RPT POLICY	40.0	0			$432,881	$0	$62,406		Yes (X)
TOM BERRY
CHIEF MARKETING OFFICER	40.0	0			$406,862	$0	$51,953		Yes (X)
VITO LORE
SENIOR HEAD, STRATEGY & PLANNING	40.0	0			$403,258	$0	$68,147		Yes (X)
KURT SCHACHT END 122022
SENIOR HEAD ADV	0.0	0.0			$150,000	$0	$0			Yes (X)
LEILANI HALL END 52024
SENIOR HEAD, CODES AND STAND	40.0	0			$318,276	$0	$19,584			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$8,256,287	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$850,930	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	337	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt	CityContractorAddress/ForeignAddress/CityNm	CountryContractorAddress/ForeignAddress/CountryCd	Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd
Prometric LLC
PO BOX 223608	Pittsburgh	PA	15251	PROFESSIONAL SVS	$28,550,973
DataArt Solutions Inc
475 Park Avenue South 15th Floor	New York	NY	10016	PROFESSIONAL SVS	$10,775,478
The Gate Worldwide LLC
71 5th Ave 8th Floor	New York	NY	10003	ADVERTISING	$10,751,319
BRITISH COUNCIL
				PROFESSIONAL SVS	$6,586,520	1 REDMAN PLACE STRATFORD	LONDON	UK	E201JQ
Watermelon Express Inc dba BenchPrep
111 S Wacker Dr STE 1200	Chicago	IL	60606	PROFESSIONAL SVS	$5,722,200

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	96	CntrctRcvdGreaterThan100KCnt
Federated Campaigns	$0	FederatedCampaignsAmt
Membership Dues	$0	MembershipDuesAmt
Fundraising	$0	FundraisingAmt
Related Organizations	$0	RelatedOrganizationsAmt
Government Grants	$0	GovernmentGrantsAmt
All Other Contributions	$0	AllOtherContributionsAmt
Noncash Contributions	$0	NoncashContributionsAmt
Total Contributions	$0	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Candidate Fees	900099	$275,382,567	$275,382,567
Membership Dues	900099	$56,195,886	$56,195,886
Educational Products	611710	$78,723,232	$78,723,232

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$410,301,685	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$19,791,348	TotalRevenueColumnAmt
Exclusion	$19,791,348	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$568,573	TotalRevenueColumnAmt
Exclusion	$568,573	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$5,457	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$5,457	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,457	TotalRevenueColumnAmt
Exclusion	$5,457	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$121,053,123	SecuritiesAmt
Other	$0	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$18,213,542	SecuritiesAmt
Other	$107,671	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$102,839,581	SecuritiesAmt
Other	-$107,671	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$102,731,910	TotalRevenueColumnAmt
Exclusion	$102,731,910	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$0	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$0	FundraisingDirectExpensesAmt
Gaming Gross Income	$0	GamingGrossIncomeAmt
Gaming Direct Expenses	$0	GamingDirectExpensesAmt
Gross Sales Of Inventory	$0	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$0	CostOfGoodsSoldAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Miscellaneous	900099	$150,897	$150,897
Career Center Revenue	541900	$488,817		$488,817

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$639,714	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$534,038,687	TotalRevenueColumnAmt
Related Or Exempt Func Income	$410,452,582	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$488,817	UnrelatedBusinessRevenueAmt
Exclusion	$123,097,288	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$3,979,155	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$10,410,650	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$5,795,802	TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$82,430,790	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$9,331,772	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$9,532,056	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$6,640,403	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$3,877,968	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$2,419,121	TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$539,744	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$19,725,353	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$19,023,615	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$17,304,965	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$43,427,492	TotalAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$5,911,886	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$9,588,624	TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$4,938,348	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,025	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$11,750,049	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$867,452	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
Exam Admin Expenses	$37,184,033
Contract Labour & Recruitment	$7,371,869
Product Merch Costs	$6,052,771
VAT EXPENSE	$1,220,546

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,257,041	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$321,585,530	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$14,552,871	BOYAmt
EOY	$10,800,930	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$270,686,746	BOYAmt
EOY	$344,064,902	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,362,733	BOYAmt
EOY	$3,398,996	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$17,794,402	BOYAmt
EOY	$18,335,743	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$25,321,727	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$12,826,993	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$13,458,125	BOYAmt
EOY	$12,494,734	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$568,688,781	BOYAmt
EOY	$627,981,918	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,588,284	BOYAmt
EOY	$15,598,442	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$7,754,853	BOYAmt
EOY	$5,561,457	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$912,886,795	BOYAmt
EOY	$1,038,237,122	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$44,722,576	BOYAmt
EOY	$54,689,504	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$283,939,616	BOYAmt
EOY	$239,170,942	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$19,124,736	BOYAmt
EOY	$16,871,095	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$347,786,928	BOYAmt
EOY	$310,731,541	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$565,099,867	BOYAmt
EOY	$727,505,581	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$565,099,867	BOYAmt
EOY	$727,505,581	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$912,886,795	BOYAmt
EOY	$1,038,237,122	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$212,453,157	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$50,047,443	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Substantially All Dues Nonded	false	SubstantiallyAllDuesNondedInd
Only In House Lobbying	false	OnlyInHouseLobbyingInd
Agree Carryover Prior Year	false	AgreeCarryoverPriorYearInd
Dues Assessments	$56,195,886	DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY	$61,018	NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot	$61,018	NonDeductibleLbbyngPltclTotAmt
Taxable	$61,018	TaxableAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,275,131	OtherCostOrOtherBasisAmt
Depreciation	$3,999,380	DepreciationAmt
Book Value	$1,275,751	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$20,046,596	OtherCostOrOtherBasisAmt
Depreciation	$8,827,613	DepreciationAmt
Book Value	$11,218,983	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$12,494,734	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)

DescDesc	AmtAmt
Federal Income Taxes
LEASE OBLIGATIONS AND FINANCE LIABILITY	$13,529,770
OTHER TAXES PAYABLE	$2,907,316
UNCLAIMED PROPERTY	$290,442
FEDERAL EXCISE TAX	$85,980
DUE TO AFFILIATES	$56,821
SOCIETY DUES PAYABLE	$766

Field	Value	IRS element (for citing)
Total Liability	$16,871,095	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$487,598,159	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$50,047,443	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$4,038,988	DonatedServicesAndUseFcltsAmt
Other Revenue	-$539,744	OtherRevenueAmt
Revenue Not Reported	-$46,548,199	RevenueNotReportedAmt
Revenue Subtotal	$534,146,358	RevenueSubtotalAmt
Other Revenues Not Included	-$107,671	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$107,671	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$534,038,687	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$325,084,774	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$4,038,988	DonatedServicesUseFcltsAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$4,038,988	ExpensesNotReportedAmt
Expenses Subtotal	$321,045,786	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$539,744	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$539,744	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$321,585,530	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	CFA INSTITUTE HAS PERFORMED AN EVALUATION OF ALL UNRELATED BUSINESS INCOME AND HAS MAINTAINED ITS TAX-EXEMPT STATUS. CFA INSTITUTE HAS DETERMINED THAT IT HAS ADEQUATELY PROVIDED FOR ALL OPEN TAX YEARS AND HAS NO UNCERTAIN TAX POSITIONS.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	Investment Management Fees - -539744
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Loss on Disposal of Fixed Assets - -107671

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (16 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
East Asia and the Pacific	6	53	Program Services	MEMBER & ADMIN SUPPORT	$25,708,308
Europe (Including Iceland and Greenland)	2	106	Program Services	MEMBER & ADMIN SUPPORT	$39,983,657
Middle East and North Africa	1	3	Program Services	MEMBER & ADMIN SUPPORT	$1,526,345
North America (Canada & Mexico only)	1	1	Program Services	MEMBER & ADMIN SUPPORT	$682,744
South America	0	0	Program Services	MEMBER & ADMIN SUPPORT	$17,822
South Asia	1	36	Program Services	MEMBER & ADMIN SUPPORT	$9,585,325
Sub-Saharan Africa	0	0	Program Services	MEMBER & ADMIN SUPPORT	$27,192
Central America and the Caribbean	0	0	Grantmaking	N/A	$165,409
East Asia and the Pacific	0	0	Grantmaking	N/A	$2,383,549
Europe (Including Iceland and Greenland)	0	0	Grantmaking	N/A	$4,222,588
Middle East and North Africa	0	0	Grantmaking	N/A	$565,829
North America (Canada & Mexico only)	0	0	Grantmaking	N/A	$1,605,351
Russia and Neighboring States	0	0	Grantmaking	N/A	$109,034
South America	0	0	Grantmaking	N/A	$638,659
South Asia	0	0	Grantmaking	N/A	$233,987
Sub-Saharan Africa	0	0	Grantmaking	N/A	$486,244

Field	Value	IRS element (for citing)
Subtotal Offices	11	SubtotalOfficesCnt
Subtotal Employees	199	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	11	TotalOfficeCnt
Total Employee	199	TotalEmployeeCnt
Subtotal Spent	$87,942,043	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$87,942,043	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (93 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
Central America and the Caribbean	GEN SUPPORT	$27,275	WIRE/CHECK	$0	N/A	N/A
Central America and the Caribbean	GEN SUPPORT	$34,628	WIRE/CHECK	$0	N/A	N/A
Central America and the Caribbean	GEN SUPPORT	$24,575	WIRE/CHECK	$0	N/A	N/A
Central America and the Caribbean	GEN SUPPORT	$28,652	WIRE/CHECK	$0	N/A	N/A
Central America and the Caribbean	GEN SUPPORT	$36,432	WIRE/CHECK	$0	N/A	N/A
Central America and the Caribbean	GEN SUPPORT	$13,847	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$7,504	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$25,120	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$343,252	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$31,530	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$117,495	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$148,355	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$347,938	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$106,953	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$617,462	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$85,432	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$118,747	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$238,449	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$124,203	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$10,000	WIRE/CHECK	$0	N/A	N/A
East Asia and the Pacific	GEN SUPPORT	$61,109	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$50,000	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$10,000	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$62,795	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$42,000	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$42,361	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$173,245	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$511,454	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$544,201	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$169,078	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$57,060	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$186,741	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$242,338	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$52,937	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$81,093	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$36,005	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$58,597	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$32,135	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$122,058	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$33,789	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$49,435	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$530,251	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$454,765	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$152,778	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$76,299	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$32,004	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$71,376	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$29,425	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$38,241	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$65,355	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$30,989	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$65,554	WIRE/CHECK	$0	N/A	N/A
Europe (Including Iceland and Greenland)	GEN SUPPORT	$95,228	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$37,488	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$140,661	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$33,840	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$30,034	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$59,504	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$28,841	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$89,044	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$31,346	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$27,851	WIRE/CHECK	$0	N/A	N/A
Middle East and North Africa	GEN SUPPORT	$87,220	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$478,554	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$76,960	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$16,991	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$32,703	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$74,326	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$79,333	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$168,131	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$508,343	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$35,221	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$31,768	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$13,195	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$36,437	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$36,392	WIRE/CHECK	$0	N/A	N/A
North America (Canada & Mexico only)	GEN SUPPORT	$16,997	WIRE/CHECK	$0	N/A	N/A
Russia and Neighboring States	GEN SUPPORT	$73,729	WIRE/CHECK	$0	N/A	N/A
Russia and Neighboring States	GEN SUPPORT	$35,305	WIRE/CHECK	$0	N/A	N/A
South America	GEN SUPPORT	$419,770	WIRE/CHECK	$0	N/A	N/A
South America	GEN SUPPORT	$35,116	WIRE/CHECK	$0	N/A	N/A
South America	GEN SUPPORT	$44,392	WIRE/CHECK	$0	N/A	N/A
South America	GEN SUPPORT	$48,661	WIRE/CHECK	$0	N/A	N/A
South America	GEN SUPPORT	$52,984	WIRE/CHECK	$0	N/A	N/A
South America	GEN SUPPORT	$37,736	WIRE/CHECK	$0	N/A	N/A
South Asia	GEN SUPPORT	$100,167	WIRE/CHECK	$0	N/A	N/A
South Asia	GEN SUPPORT	$33,698	WIRE/CHECK	$0	N/A	N/A
South Asia	GEN SUPPORT	$100,123	WIRE/CHECK	$0	N/A	N/A
Sub-Saharan Africa	GEN SUPPORT	$179,171	WIRE/CHECK	$0	N/A	N/A
Sub-Saharan Africa	GEN SUPPORT	$30,617	WIRE/CHECK	$0	N/A	N/A
Sub-Saharan Africa	GEN SUPPORT	$110,747	WIRE/CHECK	$0	N/A	N/A
Sub-Saharan Africa	GEN SUPPORT	$32,147	WIRE/CHECK	$0	N/A	N/A
Sub-Saharan Africa	GEN SUPPORT	$133,562	WIRE/CHECK	$0	N/A	N/A

Field	Value	IRS element (for citing)
Total Other Org	93	TotalOtherOrgCnt
Transfer To Foreign Corp	false	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	false	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	false	PassiveForeignInvestmestCoInd
Foreign Partnership	false	ForeignPartnershipInd
Boycott Countries	Yes (true)	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds	FormAndLineReferenceDesc
Explanation	INDIVIDUAL GRANT PAYMENTS ARE MONITORED AND TRACKED BY CFA INSTITUTE STAFF. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT DETAILED BUSINESS PLANS, BUDGETS AND REPORTS. ADDITIONALLY AS PART OF THE GRANT MONITORING PROCEDURES, THE GRANT RECIPIENTS HAVE TO PROVIDE CFA INSTITUTE THEIR FINANCIALS ANNUALLY. CFA INSTITUTE IS ALSO ABLE TO CONDUCT AN AUDIT OF THE SOCIETY GRANT RECIPIENTS AT ANY TIME. CFA INSTITUTE ENSURES THAT ITS GRANT AGREEMENTS CONTAIN LANGUAGE RESTRICTING THE USE OF GRANT FUNDS TO BE USED FOR ANY PURPOSE OTHER THAN AS SPECIFIED IN THE INDIVIDUAL GRANT. THE GRANT FUNDS CAN NEITHER BE USED TO REIMBURSE THE EXPENSES THAT SOCIETY GRANT RECIPIENTS INCURRED PRIOR TO THE GRANT'S APPROVAL, NOR CAN THE GRANT FUNDS RESULT IN AN UNEXPECTED SURPLUS FOR THE SOCIETY GRANT RECIPIENTS. THESE PROCEDURES ENSURE THAT NO AMOUNTS CAN BE USED FOR THE INUREMENT OF PRIVATE INDIVIDUALS, INCLUDING INDIVIDUAL MEMBERS.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (69 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Valuation Method UsedValuationMethodUsedDesc	Purpose Of GrantPurposeOfGrantTxt	Business Name Line2RecipientBusinessName/BusinessNameLine2Txt
CFA INSTITUTE RESEARCH FOUNDATION
915 EAST HIGH STREET	CHARLOTTESVILLE	VA	22902	546063408	501(c)(3)	$128,575	N/A	GEN SUPPORT
ARKANSAS FINANCIAL ANALYSTS SOCIETY
1915 N MONROE ST	LITTLE ROCK	AR	72207	582055805	501(c)(6)	$10,850	N/A	GEN SUPPORT
CFA HAWAII
PO BOX 580	HONOLULU	HI	96809	870753677	501(c)(6)	$12,648	N/A	GEN SUPPORT
CFA MIAMI INC
PO BOX 960901	MIAMI	FL	33296	611572381	501(c)(6)	$45,381	N/A	GEN SUPPORT
CFA SOCIETIES OF TEXAS
416 CANNA LILY CIR	DRIFTWOOD	TX	78619	454833185	501(c)(6)	$35,722	N/A	GEN SUPPORT
CFA SOCIETY ATLANTA INC
4355 COBB PKWY J 533	ATLANTA	GA	30339	581105110	501(c)(6)	$100,691	N/A	GEN SUPPORT
CFA SOCIETY BALTIMORE INC
901 S BOND ST STE 400	BALTIMORE	MD	21231	520895933	501(c)(6)	$47,313	N/A	GEN SUPPORT
CFA SOCIETY BOSTON INC
2 FINANCIAL CTR STE 1010 60 S ST	BOSTON	MA	02110	237069432	501(c)(6)	$264,417	N/A	GEN SUPPORT
CFA SOCIETY CHICAGO
33 N LASALLE STREET ST 910	CHICAGO	IL	60602	362595074	501(c)(6)	$248,631	N/A	GEN SUPPORT
CFA SOCIETY CLEVELAND
24199 LYMAN BLVD	SHAKER HTS	OH	44122	237065462	501(c)(6)	$39,234	N/A	GEN SUPPORT
CFA SOCIETY HARTFORD INC
PO BOX 266	GRANBY	CT	06035	900770635	501(c)(6)	$45,484	N/A	GEN SUPPORT
CFA SOCIETY KANSAS CITY
PO BOX 26285	OVERLAND PARK	KS	66225	820560661	501(c)(6)	$42,587	N/A	GEN SUPPORT
CFA SOCIETY MEMPHIS
PO BOX 382282	GERMANTOWN	TN	38183	621636928	501(c)(6)	$21,024	N/A	GEN SUPPORT
CFA SOCIETY NEW YORK INC
1540 BROADWAY STE 1010	NEW YORK	NY	10036	833591457	501(c)(6)	$459,603	N/A	GEN SUPPORT
CFA SOCIETY OF ALABAMA INC
2712 18TH PLACE SOUTH	BIRMINGHAM	AL	35209	631064381	501(c)(6)	$15,850	N/A	GEN SUPPORT
CFA SOCIETY OF AUSTIN
3267 BEE CAVES RD STE 107 PMB 273	AUSTIN	TX	78746	721621543	501(c)(6)	$39,587	N/A	GEN SUPPORT
CFA SOCIETY OF BUFFALO INC
100 CORPORATE PKWY STE 338	SNYDER	NY	14226	205170662	501(c)(6)	$17,639	N/A	GEN SUPPORT
CFA SOCIETY OF CINCINNATI INC
4010 EXECUTIVE PARK DR STE 100	CINCINNATI	OH	45241	237094427	501(c)(6)	$37,542	N/A	GEN SUPPORT
CFA SOCIETY OF COLORADO
12110 PECOS ST STE 220	WESTMINSTER	CO	80234	840585027	501(c)(6)	$102,035	N/A	GEN SUPPORT
CFA SOCIETY OF COLUMBUS
157 N 20TH ST	COLUMBUS	OH	43203	311393658	501(c)(6)	$41,484	N/A	GEN SUPPORT
CFA SOCIETY OF DALLAS FORT WORTH
909 LAKE CAROLYN PKWY STE 320	IRVING	TX	75039	237078748	501(c)(6)	$105,795	N/A	GEN SUPPORT
CFA SOCIETY OF EAST TENNESSEE
735 BROAD ST SUITE 709	CHATTANOOGA	TN	37402	463796519	501(c)(6)	$16,524	N/A	GEN SUPPORT
CFA SOCIETY OF HOUSTON
1321 ANTOINE DR	HOUSTON	TX	77055	237004744	501(c)(6)	$46,224	N/A	GEN SUPPORT
CFA SOCIETY OF IDAHO INC
1406 E HAYS ST	BOISE	ID	83712	043704521	501(c)(6)	$12,524	N/A	GEN SUPPORT
CFA SOCIETY OF IOWA INC DBA CFA SOCIETY IOWA
PO BOX 307	WAUKEE	IA	50263	421152989	501(c)(6)	$38,946	N/A	GEN SUPPORT
CFA SOCIETY OF JACKSONVILLE INC
1579 THE GREENS WAY SUITE 20	JACKSONVILLE BEACH	FL	32250	591606008	501(c)(6)	$16,584	N/A	GEN SUPPORT
CFA SOCIETY OF LOS ANGELES INC
13400 RIVERSIDE DRIVE 215	SHERMAN OAKS	CA	91423	956069970	501(c)(6)	$148,582	N/A	GEN SUPPORT
CFA SOCIETY OF LOUISIANA
3445 N CAUSEWAY BLVD STE 300	METAIRIE	LA	70002	720947195	501(c)(6)	$19,146	N/A	GEN SUPPORT
CFA SOCIETY OF LOUISVILLE
PO BOX 5502	LOUISVILLE	KY	40255	900838184	501(c)(6)	$21,758	N/A	GEN SUPPORT
CFA SOCIETY OF MADISON INC
720 ROVALIA DRIVE	VERONA	WI	53593	391929703	501(c)(6)	$20,654	N/A	GEN SUPPORT
CFA SOCIETY OF MILWAUKEE INC
1702 ASHLAWN LN	WAUNAKEE	WI	53597	237072850	501(c)(6)	$44,395	N/A	GEN SUPPORT
CFA SOCIETY OF MINNESOTA
121 S 8TH ST STE 825	MINNEAPOLIS	MN	55402	411861989	501(c)(6)	$97,425	N/A	GEN SUPPORT
CFA SOCIETY OF MISSISSIPPI
1200 EASTOVER DR STE 300	JACKSON	MS	39211	640716591	501(c)(6)	$12,510	N/A	GEN SUPPORT
CFA SOCIETY OF NAPLES INC
801 LAUREL OAK DR STE 600	NAPLES	FL	34108	593405436	501(c)(6)	$16,584	N/A	GEN SUPPORT
CFA SOCIETY OF NASHVILLE
1718 CHURCH ST	NASHVILLE	TN	37203	621181717	501(c)(6)	$37,846	N/A	GEN SUPPORT
CFA SOCIETY OF NEBRASKA INC
PO BOX 80685	LINCOLN	NE	68501	470667513	501(c)(6)	$34,670	N/A	GEN SUPPORT
CFA SOCIETY OF NEVADA
409 LAKE WINDERMERE STREET	LAS VEGAS	NV	89138	200195946	501(c)(6)	$16,650	N/A	GEN SUPPORT
CFA SOCIETY OF PITTSBURGH
PO BOX 1212	PITTSBURGH	PA	15230	251421153	501(c)(6)	$40,477	N/A	GEN SUPPORT
CFA SOCIETY OF PORTLAND INC
PO BOX 1388	PORTLAND	OR	97207	237358083	501(c)(6)	$38,155	N/A	GEN SUPPORT
CFA SOCIETY OF ROCHESTER
PO BOX 390	PITTSFORD	NY	14534	160977751	501(c)(6)	$16,449	N/A	GEN SUPPORT
CFA SOCIETY OF SACRAMENTO
PO BOX 191205	SACRAMENTO	CA	95819	943315268	501(c)(6)	$17,833	N/A	GEN SUPPORT
CFA SOCIETY OF SAINT LOUIS
330 WENNEKER DR	SAINT LOUIS	MO	63124	436031785	501(c)(6)	$51,387	N/A	GEN SUPPORT
CFA SOCIETY OF SALT LAKE
299 S MAIN ST STE 1300 PMB 9092	SALT LAKE CTY	UT	84111	611526448	501(c)(6)	$37,251	N/A	GEN SUPPORT
CFA SOCIETY OF SEATTLE
PO BOX 8388	COVINGTON	WA	98042	911164972	501(c)(6)	$90,679	N/A	GEN SUPPORT
CFA SOCIETY OF SOUTH FLORIDA INC
6752 146TH ROAD NORTH	PALM BEACH GARDENS	FL	33418	300325375	501(c)(6)	$36,086	N/A	GEN SUPPORT
CFA SOCIETY OF STAMFORD INC
1127 HIGH RIDGE RD SUITE 307	STAMFORD	CT	06905	061513527	501(c)(6)	$38,497	N/A	GEN SUPPORT
CFA SOCIETY OKLAHOMA
PO BOX 2694	OKLAHOMA CITY	OK	73101	203779358	501(c)(6)	$19,552	N/A	GEN SUPPORT
CFA SOCIETY ORANGE COUNTY
4533 MACARTHUR BLVD 182	NEWPORT BEACH	CA	92660	330228558	501(c)(6)	$45,581	N/A	GEN SUPPORT
CFA SOCIETY PHILADELPHIA INC
1900 MARKET STREET 8TH FLOOR	PHILADELPHIA	PA	19103	236395738	501(c)(6)	$133,278	N/A	GEN SUPPORT
CFA SOCIETY PHOENIX
233 E SOUTHERN AVE STE 27225	TEMPE	AZ	85282	860469879	501(c)(6)	$42,361	N/A	GEN SUPPORT
CFA SOCIETY PROVIDENCE
PO BOX 41027	PROVIDENCE	RI	02940	237069442	501(c)(6)	$16,649	N/A	GEN SUPPORT
CFA SOCIETY SAN ANTONIO
5808 FORENOON DRIVE	TULETA	TX	78162	741660459	501(c)(6)	$16,649	N/A	GEN SUPPORT
CFA SOCIETY SAN DIEGO INC
PO BOX 928456	SAN DIEGO	CA	92192	237069278	501(c)(6)	$42,859	N/A	GEN SUPPORT
CFA SOCIETY SAN FRANCISCO
201 SPEAR ST STE 1100	SAN FRANCISCO	CA	94105	946078576	501(c)(6)	$183,643	N/A	GEN SUPPORT
CFA SOCIETY SOUTH CAROLINA
PO BOX 12612	CHARLESTON	SC	29422	571134283	501(c)(6)	$17,775	N/A	GEN SUPPORT
CFA SOCIETY SPOKANE INC
PO BOX 21110	SPOKANE	WA	99201	911592696	501(c)(6)	$14,272	N/A	GEN SUPPORT
CFA SOCIETY TUCSON
10330 N BLUE BONNET ROAD	TUCSON	AZ	85742	462993396	501(c)(6)	$12,649	N/A	GEN SUPPORT
CFA SOCIETY WASHINGTON DC
1101 WILSON BLVD FL 6	ARLINGTON	VA	22209	237360649	501(c)(6)	$117,172	N/A	GEN SUPPORT
CFA TAMPA BAY INC
12191 W LINEBAUGH AVE 312	TAMPA	FL	33626	510669210	501(c)(6)	$35,734	N/A	GEN SUPPORT
CFA VIRGINIA
PO BOX 31441	RICHMOND	VA	23294	541429832	501(c)(6)	$37,612	N/A	GEN SUPPORT
CFA WEST MICHIGAN SOCIETY
500 DAVIS STREET SUITE 1004	EVANSTON	IL	60201	030560080	501(c)(6)	$20,393	N/A	GEN SUPPORT
DAYTON CFA SOCIETY
2500 KETTERING TOWER	DAYTON	OH	45423	260659612	501(c)(6)	$9,048	N/A	GEN SUPPORT
INDIANAPOLIS SOCIETY OF FINANCIAL ANALYSTS INC
PO BOX 1225	CARMEL	IN	46032	237119206	501(c)(6)	$36,887	N/A	GEN SUPPORT
MAINE SECURITY ANALYSTS SOCIETY
36 CEDAR RIDGE DR	YARMOUTH	ME	04096	043547791	501(c)(6)	$16,649	N/A	GEN SUPPORT
NORTH CAROLINA SOCIETY OF FINANCIAL ANALYSTS INC DBA CFA SOCIETY NORTH CARO
3004 OXBOW CT	RALEIGH	NC	27613	561824044	501(c)(6)	$98,143	N/A	GEN SUPPORT	LINA INC
QUINNIPIAC UNIVERSITY
275 MOUNT CARMEL AVENUE	HAMDEN	CT	06518	060646701	501(c)(3)	$15,500	N/A	GEN SUPPORT
THE CFA SOCIETY OF DETROIT INC
525 E MICHIGAN AVE 409	SALINE	MI	48176	386087152	501(c)(6)	$39,972	N/A	GEN SUPPORT
THE CFA SOCIETY OF NEW MEXICO
PO BOX 36947	ALBUQUERQUE	NM	87176	850454738	501(c)(6)	$12,695	N/A	GEN SUPPORT
THE CFA SOCIETY OF ORLANDO INC
PO BOX 4387	ORLANDO	FL	32802	593213363	501(c)(6)	$33,009	N/A	GEN SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	2	Total501c3OrgCnt
Total Other Org	67	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds	FormAndLineReferenceDesc
Explanation	INDIVIDUAL GRANT PAYMENTS ARE MONITORED AND TRACKED BY CFA INSTITUTE STAFF. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT DETAILED BUSINESS PLANS, BUDGETS AND REPORTS. ADDITIONALLY AS PART OF THE GRANT MONITORING PROCEDURES, THE GRANT RECIPIENTS HAVE TO PROVIDE CFA INSTITUTE THEIR FINANCIALS ANNUALLY. CFA INSTITUTE IS ALSO ABLE TO CONDUCT AN AUDIT OF THE SOCIETY GRANT RECIPIENTS AT ANY TIME. ALL DOMESTIC GRANTEES HAVE BEEN DEEMED TO BE TAX-EXEMPT ENTITIES THAT ARE SUBJECT TO PRIVATE INUREMENT PROHIBITIONS JUST AS CFA INSTITUTE IS. THESE GRANTS ARE NOT USED TO PROVIDE FUNDS TO ANY INDIVIDUAL MEMBERS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARGARET FRANKLIN
PRES & CEO & RESRCH FDN BD MEM	$729,500	$0	$699,886	$0	$15,324	$0	$41,400	$0	$3,189	$0	$1,489,299	$0	$0	$0
LEILANI HALL END 52024
SENIOR HEAD, CODES AND STAND	$109,724	$0	$7,747	$0	$200,805	$0	$16,002	$0	$3,582	$0	$337,860	$0	$0	$0
KURT SCHACHT END 122022
SENIOR HEAD ADV	$150,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$150,000	$0	$0	$0
STEVEN HENDRY
CHIEF FINANCIAL OFFICER	$385,000	$0	$241,440	$0	$5,742	$0	$41,400	$0	$29,994	$0	$703,576	$0	$0	$0
JOE LANGE
CORPORATE SECRETARY	$185,993	$0	$53,119	$0	$3,437	$0	$28,694	$0	$28,068	$0	$299,311	$0	$0	$0
SHERI KELLY
MANAGING DIRECTOR	$370,000	$0	$185,000	$0	$8,528	$0	$41,400	$0	$19,680	$0	$624,608	$0	$0	$0
PAUL MOODY
MANAGING DIRECTOR	$361,666	$0	$237,814	$0	$21,438	$0	$36,022	$0	$4,589	$0	$661,529	$0	$0	$0
CHRIS WIESE
MANAGING DIRECTOR	$345,000	$0	$240,447	$0	$4,486	$0	$41,400	$0	$29,700	$0	$661,033	$0	$0	$0
ANDREW ROME
MANAGING DIRECTOR	$315,000	$0	$203,070	$0	$4,804	$0	$41,400	$0	$19,991	$0	$584,265	$0	$0	$0
MARTIN COLBURN END 92025
MANAGING DIRECTOR	$400,000	$0	$247,440	$0	$31,135	$0	$41,400	$0	$10,382	$0	$730,357	$0	$0	$0
PAUL ANDREWS END 12025
MANAGING DIRECTOR	$365,000	$0	$21,600	$0	$11,091	$0	$41,400	$0	$19,980	$0	$459,071	$0	$0	$0
VITO LORE
SENIOR HEAD, STRATEGY & PLANNING	$301,666	$0	$96,170	$0	$5,422	$0	$41,400	$0	$26,747	$0	$471,405	$0	$0	$0
SANDY PETERS
SENIOR HEAD, FIN. RPT POLICY	$312,260	$0	$113,189	$0	$7,432	$0	$41,400	$0	$21,006	$0	$495,287	$0	$0	$0
ANNE O'BRIEN
CHIEF OF STAFF	$317,358	$0	$111,854	$0	$7,723	$0	$41,400	$0	$19,381	$0	$497,716	$0	$0	$0
DOUG COHEN
SENIOR HEAD PRODUCT MANAGEMENT	$270,490	$0	$125,203	$0	$4,963	$0	$41,400	$0	$26,570	$0	$468,626	$0	$0	$0
TOM BERRY
CHIEF MARKETING OFFICER	$270,566	$0	$134,208	$0	$2,088	$0	$41,400	$0	$10,553	$0	$458,815	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travel	MEMBERS OF THE LEADERSHIP TEAM , MANAGING DIRECTORS AND THE BOARD OF GOVERNORS ARE ELIGIBLE FOR FIRST CLASS AIR & RAIL TRAVEL.
Schedule J, Part I, Line 1a Travel for companions	COMPANION TRAVEL IS AVAILABLE AS OF THE POLICY REVISION DATE FOR THE FOLLOWING GROUPS WITH THE COST OF THE SECOND TICKET COVERED BY CFA INSTITUTE BUT REPRESENTING TAXABLE INCOME TO THE TRAVELER. THIS BENEFIT DOES NOT ROLL OVER IF NOT USED WITHIN THE FISCAL YEAR. MEMBERS OF THE LEADERSHIP TEAM ARE ELIGIBLE ON ONE TRIP PER FISCAL YEAR TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE. THIS DOES NOT APPLY TO NON-LEADERSHIP TEAM MANAGING DIRECTORS. MEMBERS OF THE BOARD OF GOVERNORS ARE ELIGIBLE TO PURCHASE AN ADDITIONAL TICKET FOR ONE COMPANION IN THE SAME CLASS OF SERVICE FOR ONE BUSINESS TRIP PER FISCAL YEAR.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments	CFA INSTITUTE PROVIDED A GROSS UP ON INCOME REPORTED TO CEO TO COVER IMPUTED INCOME ASSOCIATED WITH THE PROVISION OF OUTSIDE TAX PREPARATION SERVICES.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use	CFA INSTITUTE PAYS FOR RELOCATION HOUSING AND INCLUDES THIS IN THE EMPLOYEE'S COMPENSATION. AS CUSTOMARY IN LOCAL COUNTRY, CFA INSTITUTE EMPLOYEES WHO LIVE AND WORK IN HONG KONG, INDIA, OR UNITED ARAB EMIRATES ARE PROVIDED HOUSING ALLOWANCES WHICH ARE INCLUDED IN COMPENSATION.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	EFFECTIVE 1 JANUARY 2023, LIFESTYLE SPENDING ACCOUNTS (LSA'S) WERE ESTABLISHED FOR ALL CFA INSTITUTE EMPLOYEES. FUNDS ALLOCATED TO THE LSA'S CAN BE USED FOR REIMBURSEMENT OF APPROVED EXPENSES RELATED TO MEMBER HEALTH AND WELLNESS, UP TO A MAXIMUM AMOUNT. HOWEVER, U.S. EMPLOYEES WHO WERE NOT COVERED BY A CFA INSTITUTE HEALTH PLAN, AND NON-U.S. EMPLOYEES WERE STILL ELIGIBLE FOR REIMBURSEMENTS ASSUMING THEY QUALIFY.
Schedule J, Part I, Line 1a	MARIA WILTON RECEIVED $14,459 FOR A TRAVEL COMPANION TICKET.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part I, Line 1	TO LEAD THE INVESTMENT PROFESSION GLOBALLY BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, EDUCATION, AND PROFESSIONAL EXCELLENCE FOR THE ULTIMATE BENEFIT OF SOCIETY.
Form 990, Part III, Line 1	CFA INSTITUTE IS THE GLOBAL, NON-PROFIT PROFESSIONAL MEMBERSHIP ASSOCIATION THAT ADMINISTERS THE CHARTERED FINANCIAL ANALYST (CFA) CERTIFICATION, THE CERTIFICATE IN INVESTMENT PERFORMANCE MEASUREMENT (CIPM), AND THE SUSTAINABLE INVESTING CERTIFICATE AND ALSO PROVIDES PROFESSIONAL LEARNING COURSES. EXAMINATION PROGRAMS ARE CONDUCTED WORLDWIDE ALONG WITH RESEARCH, PROFESSIONAL DEVELOPMENT PROGRAMS AND PROFESSIONAL CONDUCT ENFORCEMENT FOR ITS INDIVIDUAL MEMBERS. THE ORGANIZATION SETS VOLUNTARY, ETHICS-BASED PROFESSIONAL AND PERFORMANCE- REPORTING STANDARDS FOR THE INVESTMENT PROFESSION. THE STATED MISSION OF THE ORGANIZATION IS TO LEAD THE INVESTMENT PROFESSION GLOBALLY BY PROMOTING THE HIGHEST STANDARDS OF ETHICS, EDUCATION, AND PROFESSIONAL EXCELLENCE FOR THE ULTIMATE BENEFIT OF SOCIETY. CFA INSTITUTE PURSUES THIS MISSION ON BEHALF OF ITS INDIVIDUAL MEMBERS WHO CURRENTLY NUMBER 213,660 IN 170 MARKETS. CFA INSTITUTE'S MEMBERSHIP INCLUDES 207,729 CFA CHARTERHOLDERS AND EXTENDS ITS REACH INTO LOCAL COMMUNITIES THROUGH A NETWORK OF 157 MEMBER SOCIETIES IN 81 MARKETS. CFA INSTITUTE IS HEADQUARTERED IN CHARLOTTESVILLE, VIRGINIA, UNITED STATES, WITH BRANCH OFFICES IN LONDON, BRUSSELS, HONG KONG, NEW YORK, WASHINGTON D.C., AND BEIJING AND SUBSIDIARY OFFICES IN BEIJING, HONG KONG, MUMBAI, SHANGHAI, SINGAPORE, ABU DHABI, AND TORONTO. MORE INFORMATION ON THE ORGANIZATION CAN BE FOUND AT WWW.CFAINSTITUTE.ORG.
Form 990, Part VI, Line 5 Diversion of organization assets	On June 23, 2025, the Manhattan District Attorney's Office announced criminal charges against a former employee of CFA Institute, and alleged that, over a several year period, the former employee embezzled approximately $5 million from CFA Institute. CFA Institute retained a highly reputable outside law firm to conduct an internal investigation and assess relevant internal controls. CFA Institute is in the process of implementing the recommendations made by the outside law firm. On April 22, 2026, the former employee pleaded guilty to Grand Larceny in the First Degree with respect to his theft from CFA Institute. CFA Institute presented a claim for the theft loss under its Crime Coverage Insurance Policy and received payment from the insurer in the amount of $5,459,912, which represents the amount of the theft loss demonstrated in the criminal matter, plus $100,000 in investigation expense costs, less the $100,000 retention in the policy.
Form 990, Part VI, Line 6 Classes of members or stockholders	THE CLASSES OF MEMBERSHIP IN CFA INSTITUTE ARE REGULAR, AFFILIATE, CHARTER-HOLDER MEMBERS AND MEMBER SOCIETIES. REGULAR MEMBERS AND CHARTERHOLDER MEMBERS ARE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO THE REGULAR MEMBERS.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	REGULAR MEMBERS HAVE ONE VOTE PER EACH MATTER SUBMITTED INCLUDING THE RIGHT TO ELECT THE OFFICERS (CHAIR AND VICE CHAIR) AND MEMBERS OF THE CFA INSTITUTE BOARD OF GOVERNORS.
Form 990, Part VI, Line 11b Review of form 990 by governing body	FORM 990 IS PRESENTED TO THE AUDIT AND FINANCE COMMITTEE AND DISCUSSED IN DETAIL. IN ADDITION, COPIES ARE PROVIDED TO EACH OF THE BOARD OF GOVERNORS. THESE PRESENTATIONS TAKE PLACE PRIOR TO FILING THE FORM 990 WITH THE IRS.
Form 990, Part VI, Line 12c Conflict of interest policy	CONFLICT OF INTEREST STATEMENTS ARE COLLECTED ANNUALLY. EMPLOYEE AND BOARD OF GOVERNORS' DISCLOSURES ARE DIRECTED TO THE CHIEF COMPLIANCE OFFICER. THE CONFLICT OF INTEREST POLICY PROVIDES VARIOUS AVENUES FOR REPORTING, INCLUDING ANYONE WISHING TO ESCALATE CONCERNS DIRECTLY TO THE RISK COMMITTEE CHAIR. COMPLIANCE TRAINING ON THE CODE OF CONDUCT, INCLUDING ON CONFLICTS OF INTEREST, IS REQUIRED FOR ALL NEW EMPLOYEES AND ONGOING ANNUALLY. ALL EMPLOYEES ACKNOWLEDGE THEIR UNDERSTANDING AND ADHERENCE TO POLICY WITHIN THE CODE OF CONDUCT ANNUALLY. THE RESTRICTIONS IMPOSED ON A PERSON WITH A CONFLICT VARY BASED ON THE NATURE OF THE CONFLICT AND THE SITUATION; HOWEVER, RESOLUTION OF A CONFLICT COULD INCLUDE PROHIBITING A BOARD MEMBER FROM PARTICIPATING IN A PARTICULAR DELIBERATION AND/OR DECISION.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	TO ENSURE ONGOING AND EFFECTIVE CORPORATE GOVERNANCE, THE BOARD OF GOVERNORS UTILIZES A COMMITTEE - THE PEOPLE AND CULTURE (PAC) COMMITTEE - COMPRISED OF THREE GOVERNORS WHO ARE INDEPENDENT OF MANAGEMENT OF CFA INSTITUTE AND ARE FREE OF ANY RELATIONSHIP THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. THE PAC COMMITTEE SETS THE COMPENSATION OF THE CEO, INCLUDING ANY INCENTIVE, AND ENGAGES INDEPENDENT CONSULTANTS AS NEEDED TO PROVIDE COMPENSATION RECOMMENDATIONS. THE COMMITTEE ENSURES THAT INDEPENDENT COMPARATIVE COMPENSATION STUDIES ARE CONDUCTED ON AN BIENNIAL BASIS TO GAUGE THE COMPETITIVENESS OF EXECUTIVE COMPENSATION AT CFA INSTITUTE. THE MOST RECENT EXECUTIVE MARKET STUDY WAS CONDUCTED IN FY2025, WHEN CFA INSTITUTE RETAINED A GLOBAL MANAGEMENT CONSULTING FIRM TO PROVIDE COMPETITIVE PAY BENCHMARKS THAT REFLECT THE MARKETS FROM WHICH CFA INSTITUTE WOULD MOST LIKELY RECRUIT EXECUTIVE TALENT. PEER GROUP SELECTION SPANNED DIFFERENT INDUSTRY SECTORS, INCLUDING NOT-FOR-PROFIT AND FINANCIAL SERVICES FIRMS, AND GENERAL INDUSTRY. THE NOT-FOR-PROFIT PEER GROUP SELECTION WAS BASED ON CRITERIA THAT INCLUDED MISSION, REVENUE, HEADCOUNT AND GLOBAL PRESENCE. PAY DATA WAS COLLECTED FROM PUBLICLY DISCLOSED IRS CFA INSTITUTE 54-1386480 FORM 990S. DATA FOR THE OTHER INDUSTRY SECTORS WAS SOURCED USING BOTH THIRD-PARTY SURVEY DATA AND INFORMATION DISCLOSED ON PUBLIC FILINGS. THE CONSULTING FIRM PERFORMED THIS STUDY ON AN INDEPENDENT FEE BASIS. ADDITIONALLY, THE CFA INSTITUTE PAC COMMITTEE ALSO ENGAGES INDEPENDENT ADVISORS TO HELP INTERPRET HOW THE REPORTED MARKET DATA APPLIES TO CFA INSTITUTE'S EXECUTIVE POSITIONS.
Form 990, Part VI, Line 19 Required documents available to the public	THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE, WWW.CFAINSTITUTE.ORG.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (7 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Province Or StateForeignAddress/ProvinceOrStateNm	Foreign PostalForeignAddress/ForeignPostalCd	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Legal Domicile StateLegalDomicileStateCd	Address Line2ForeignAddress/AddressLine2Txt
CFA INSTITUTE CHINA LIMITED
27/F Henley Building 5 Queens Rd	Hong Kong	HK	980615079	PROF. ORG	HK	$1,546,945	$2,743,363	CFA INSTITUTE
CFA INSTITUTE INDIA PRIVATE LTD
702 7th Floor One BKC Tower G Bl	MUMBAI	IN	981196398	PROF. ORG	IN	$5,750,928	$5,366,701	CFA INSTITUTE	MH	400051
CFA GLOBAL HOLDINGS LLC
			471269465	HOLDINGS		$0	$0	CFA INSTITUTE			915 EAST HIGH STREET	CHARLOTTESVILLE	VA	22902	VA
SI WEI BEIJING ENTERPRISE MGMT
Unit 5501 55/F China World Tower B	BEIJING	CH	981228213	PROF. ORG	CH	$4,805,591	$4,622,038	CFA INSTITUTE CHINA LIMITED								No 1 Jianguomenwai Avenue Chaoyan
CFA INSTITUTE SINGAPORE PVT LTD
30 Raffles PL 23-01	SINGAPORE	SN	981261400	PROF. ORG	SN	$28,327	$571,323	CFA INSTITUTE		048622
CFA INSTITUTE LTD
21st Floor Al Maqam Tower ADGM Sq	Abu Dhabi	AE	981442588	PROF. ORG	AE	$712,753	$1,657,040	CFA INSTITUTE								Al Maryah Island
CFA INSTITUTE CANADA LTD
BAY ADELAIDE CENTRE EAST TOWER	TORONTO	CA	981845917	PROF. ORG	CA	$446,087	$775,533	CFA INSTITUTE	ONTARIO	M5H4E3						22 ADELAIDE ST W SUITE 3400

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CFA INSTITUTE RESEARCH FOUNDATION	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	915 EAST HIGH STREET	AddressLine1Txt
City	CHARLOTTESVILLE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22902	ZIPCd

Field	Value	IRS element (for citing)
EIN	546063408	EIN
Primary Activities	INV.RESEARCH	PrimaryActivitiesTxt
Legal Domicile State	VA	LegalDomicileStateCd
Exempt Code Section	501(c)(3)	ExemptCodeSectionTxt
Public Charity Status	7	PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CFA INSTITUTE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Controlled Organization	Yes (true)	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (true)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (true)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (true)	TransferToOtherOrgInd
Transfer From Other Org	Yes (true)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
CFA INSTITUTE RESEARCH FOUNDATION
O	$309,200	HISTORICAL COST
CFA INSTITUTE RESEARCH FOUNDATION
B	$128,575	FAIR MARKET VALUE
CFA INSTITUTE RESEARCH FOUNDATION
Q	$95,300	FAIR MARKET VALUE