2025-05-14T10:42:42+00:00 2024-06-29 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2023-06-30 464395157 JOAN AND IRWIN JACOBS TECHNION - CORNELL INSTITUTE INC JOAN 6072545898 2 WEST LOOP ROAD NEW YORK NY 10044 MICHAEL WEISSMAN Treasurer 2025-05-14 false true Aaron Shapiro P01333816 2128127000 2025-05-14 2023 2025-03-06 01:10:19Z MICHAEL WEISSMAN 2 WEST LOOP ROAD NEW YORK NY 10044 35381055 false X TECH.CORNELL.EDU X 2012 NY ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS AND STUDENTS. 8 8 0 11 0 0 3568594 6683545 13610514 15997241 -199055 6366831 12464 21984 16992517 29069601 3993504 3528322 0 0 0 0 24088946 26503256 28082450 30031578 -11089933 -961977 199052060 203412008 1048819 717384 198003241 202694624 ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL UNIVERSITY. PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS, AND STUDENTS. false false 24470752 3528322 15997241 THE JOAN AND IRWIN JACOBS TECHNION-CORNELL INSTITUTE, INC. (JACOBS) WAS FORMED IN APRIL 2013 TO ADMINISTER A DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY (TECHNION) AND CORNELL UNIVERSITY. THE PROGRAM CONDUCTS AND SUPPORTS SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND ENCOURAGES THE DEVELOPMENT OF THE INDUSTRY. 1962626 JACOBS' RUNWAY PROGRAM IS A UNIQUE PROGRAM THAT GIVES RECENT PHD'S INTERESTED IN ENTREPENEURSHIP IN TECHNOLOGY THE OPPORTUNITY TO DRAW ON THEIR RESEARCH KNOWLEDGE TO LAUNCH NEW VENTURES WITH THE ACADEMIC, PROFESSIONAL, AND NETWORKING SUPPORT FROM JACOBS. 26433378 true true false false false false false false true true true false true false false true true false false false false false false false false false true false false false false false false false false false false true false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 8 8 false false false false false true true true true false false true false true false true true false NY X MICHAEL WEISSMAN 6072545898 377 PINE TREE ROAD ITHACA NY 14850 X MICHAEL KOTLIKOFF TRUSTEE & PROVOST 2.0 X X 0 0 0 ARIEL ORDA TRUSTEE 2.0 X 0 0 0 AVIGDOR GAL TRUSTEE 2.0 X 0 0 0 GREG MORRISETT TRUSTEE 2.0 X 0 0 0 LAURA SYER TRUSTEE 2.0 X 0 0 0 MARK LEWIS TRUSTEE 2.0 X 0 0 0 ODED RABINOVITCH TRUSTEE 2.0 X 0 0 0 RAFI AVIRAM TRUSTEE 2.0 X 0 0 0 DONICA THOMAS VARNER SECRETARY 2.0 X 0 0 0 ISRAEL CIDON DIRECTOR 50.0 X 0 0 0 MICHAEL WEISSMAN TREASURER 2.0 X 0 0 0 0 0 0 0 false false false 0 6683545 205448 6683545 TUITION 611710 12487706 12487706 RESEARCH 611710 3350827 3350827 APPLICATION FEES 611710 48316 48316 OTHER SOURCES 611710 110392 110392 0 0 0 0 15997241 6366831 6366831 7853 7853 0 0 6311454 6311454 0 0 OTHER 900099 14131 14131 0 0 0 0 14131 29069601 15997241 0 6388815 X 3528322 3528322 206838 206838 96500 96500 22732952 22732952 0 0 2659595 2659595 635267 635267 97042 97042 75062 75062 0 0 0 0 30031578 26433378 3598200 0 3425598 1268554 699918 643768 0 0 0 0 455778 271524 173013 184254 169315332 186775420 9936177 1214919 515220 720669 14986802 12604424 199052060 203412008 1048819 681033 36351 0 0 0 0 1048819 717384 15601199 13257730 182402042 189436894 198003241 202694624 199052060 203412008 -961977 5653360 0 X false true X true false X 17530429 3138898 8157117 3568594 6683545 39078583 0 0 17530429 3138898 8157117 3568594 6683545 39078583 5000302 34078281 -1485211 5566761 6343890 6165913 6374684 22966037 0 0 0 679413 4277 14131 697821 62742441 59529540 0.5431 0.5612 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - , COLUMN B - , COLUMN C - 679413.0, COLUMN D - 4277.0, COLUMN E - 14131.0, COLUMN F - 697821.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 169315332 2824158 13401417 6311454 179229453 168791006 1600000 4989654 6065328 169315332 170451503 6595000 -2752165 5503332 168791006 121059862 4210462 48897248 3716069 170451503 122979253 3643750 1202627 6765768 121059862 0.735 0.265 true false 455778 271524 184254 184254 CORNELL LT INVESTMENT POOL 186775420 F 186775420 FUNDS HELD AT CORNELL 12604424 12604424 31726357 5653360 207800 0 5861160 25865197 3204404 3204404 29069601 27034974 207800 0 207800 26827174 3204404 3204404 30031578 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds JACOBS' ENDOWMENT ASSETS ARE MANAGED BY CORNELL UNIVERSITY. CORNELL'S BOARD OF TRUSTEES HAS OVERSIGHT FOR THE MANAGEMENT OF CORNELL'S ENDOWMENT, IN WHICH JACOBS PARTICIPATES, INCLUDING INVESTMENT POLICY, OBJECTIVES, AND GUIDELINES FOR ASSET ALLOCATION AND ANNUAL DISTRIBUTION. JACOBS WILL USE ITS ENDOWMENT FUNDS TO FURTHER ITS TAX EXEMPT MISSION AS DESCRIBED IN ITS FUNDING AGREEMENT. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Financial Aid - 3204404 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid - 3204404 true Cornell University 341 Pine Tree Road Ithaca NY 14850 150532082 501(c)(3) 3204404 TUITION ASSISTANCE 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. JACOBS ADMINISTERS THE MASTERS AND PHD PROGRAMS WHILE CORNELL AND TECHNION JOINTLY DETERMINE THE SELECTION CRITERIA FOR GRANTS AND AWARDS AS THEY ARE THE DEGREE GRANTING INSTITUTIONS. THE JACOBS ADMISSION COMMITTEE DETERMINES INDIVIDUAL STUDENT ELIGIBILITY FOR AWARDS, IN LINE WITH AVAILABLE RESOURCES AND ADMISSION GOALS. THE FUNDING FOR THESE GRANTS AND AWARDS IS THEN PAID TO CORNELL UNIVERSITY, TO PROVIDE TO THE INDIVIDUAL STUDENTS ADMITTED INTO THE JACOBS PROGRAMS. APPROXIMATELY 167 STUDENTS RECEIVED FINANCIAL AID FROM JACOBS THROUGH THIS PROCESS. X Cryptocurrencies 205448 Market value false false false Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD CONSISTS OF FOUR DIRECTORS NOMINATED BY EACH UNIVERSITY (CORNELL AND THE TECHNION), ACCORDING TO THE SPECIFICATIONS IN THE BYLAWS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders GOVERNANCE DECISIONS ARE MADE THROUGH THE BOARD OF DIRECTORS, WHICH ARE ELECTED AND FILLED BY BOTH CORNELL AND TECHNION. ANY DECISIONS CONCERNING THE BUDGET, FINANCIAL STATEMENTS, AND AUDIT ARE APPROVED BY THE FINANCE AND AUDIT SUBCOMMITTEE, WHICH CONSISTS OF THE JACOB'S DIRECTOR AND BOARD TREASURER, IN ADDITION TO MEMBERS OUTSIDE OF THE GOVERNING BODY WHICH INCLUDES CORNELL UNIVERSITY'S VP OF FINANCE, CORNELL TECH'S CHIEF ADMINISTRATIVE OFFICER, AND TECHNION'S VP FOR FINANCE AND ADMINISTRATION. THE JACOBS STEERING COMMITTEE WAS CREATED TO PROVIDE SUPPORT AND STRATEGIC GUIDANCE TO THE JACOBS DIRECTOR AND THE JACOBS BOARD OF DIRECTORS IN JACOBS EDUCATIONAL, RESEARCH, AND INNOVATION ACTIVITIES. CANDIDATES FOR MEMBERSHIP WILL BE RECOMMENDED AND APPROVED BY THE JACOBS DIRECTOR, MEMBERS OF THE JACOBS BOARD OF DIRECTORS, AND BY THE PRESIDENTS OF CORNELL UNIVERSITY AND THE TECHNION, THE LATTER NOT BEING MEMBERS OF THE JACOBS BOARD OF DIRECTORS AND GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 WAS REVIEWED BY BOTH THE JACOBS DIRECTOR AND THE BOARD OF DIRECTORS. ANY QUESTIONS ON THE RETURN ARE BROUGHT UP AND DISCUSSED WITH THE PREPARER. ONCE THE 990 IS AGREED UPON, THE PREPARER GETS APPROVAL TO FILE. Form 990, Part VI, Line 15a Process to establish compensation of top management official JACOBS DOES NOT HAVE ANY EMPLOYEES, BUT RATHER THEY ARE EMPLOYED THROUGH CORNELL UNIVERSITY. ALL COMPENSATION CONCERNS FOR THE JACOBS DIRECTOR AND OTHER TOP MANAGEMENT GOES THROUGH THE AUTHORIZATION PROCEDURES ESTABLISHED BY CORNELL UNIVERSITY. Form 990, Part VI, Line 19 Required documents available to the public AS NOTED ABOVE, JACOBS FOLLOWS THE CORNELL UNIVERSITY CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION AND DESTRUCTION POLICIES. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE CORNELL UNIVERSITY WEBSITE (WWW.CORNELL.EDU). THE JACOBS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT YET AVAILABLE ON THE INTERNET; HOWEVER, THEY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Other Fees - Total Expense: 22732952, Program Service Expense: 22732952, Management and General Expenses: , Fundraising Expenses: ;