HOWARD HUGHES MEDICAL INSTITUTE Charity Report

Public IRS 990 nonprofit record

HOWARD HUGHES MEDICAL INSTITUTE

EIN 59-0735717 · Medical Research (H920)

What they do

THE MISSION of THE INSTITUTE HAS REMAINED CONSTANT SINCE ITS FOUNDING IN 1953. AS ITS RESTATED ARTICLES of INCORPORATION STATE THE PRIMARY PURPOSE and OBJECTIVE of THE HOWARD HUGHES MEDICAL INSTITUTE SHALL BE THE PROMOTION of HUMAN KNOWLEDGE BY CONDUCTING DISCOVERY RESEARCH and SCIENCE EDUCATION, PRINCIPALLY WITHIN FIELDS ASSOCIATED WITH BASIC BIOMEDICAL SCIENCES, and THE DISSEMINATION and APPLICATION of THAT KNOWLEDGE for THE BENEFIT of HUMANITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

47.11%of revenue went to mission work80.2% of expenses · Program services

$58.77spent for every $100 of revenueRevenue covered expenses this year.

11.66%of revenue went to management and office costs19.8% of expenses

$25.04in assets for every $1 spent this yearSome assets cannot be spent right away.

0.1%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $2,004,966 for DONALD KOCH (VP & CHIEF INVESTMENT OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,004,784,057

Mission workProgram services$944,508,06747.11% of revenue80.2% of expenses

ManagementOffice and general costs$233,694,47711.66% of revenue19.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$826,581,51341.23% of revenueShown in gray on the chart

Total expenses$1,178,202,54458.77% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.2% mission · 19.8% management · 0.0% fundraisingTotal expenses: 58.77% of revenue

2023Expense mix: 79.7% mission · 20.3% management · 0.0% fundraisingTotal expenses: 65.47% of revenue

2022Expense mix: 80.9% mission · 19.1% management · 0.0% fundraisingTotal expenses: 153.14% of revenue

2021Expense mix: 76.3% mission · 23.7% management · 0.0% fundraisingTotal expenses: 46.58% of revenue

2020Expense mix: 77.5% mission · 22.5% management · 0.0% fundraisingTotal expenses: 45.53% of revenue

2019Expense mix: 77.6% mission · 22.4% management · 0.0% fundraisingTotal expenses: 64.57% of revenue

2018Expense mix: 77.0% mission · 23.0% management · 0.0% fundraisingTotal expenses: 76.64% of revenue

2017Expense mix: 71.3% mission · 28.7% management · 0.0% fundraisingTotal expenses: 60.61% of revenue

Money in and money out

Revenue$2,004,784,057

Expenses$1,178,202,544

Annual surplus $826,581,513 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$944,508,067 · 80.2% of expenses

Management and office costs$233,694,477 · 19.8% of expenses

See all reported dollar amounts

Revenue$2,004,784,057

Expenses$1,178,202,544

Assets$29,497,763,012

Income$20,140,663,337

Contributions$1,783,098

Mission work (program services)$944,508,067

Grants given$428,317,434

Average grant$411,053

Management and general$233,694,477

Executive compensation (total)$13,962,872

Stocks and bonds$5,409,644,608

Accounting fees$1,178,958

Investing fees$72,402,650

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DONALD KOCHVP & CHIEF INVESTMENT OFFICER · 40 hrs/week $2,004,966Base $1,928,020 · Other $76,946

ERIN K OSHEA PHDPRESIDENT · 40 hrs/week $1,721,384Base $1,652,120 · Other $69,264

MARK SPROLESMANAGING DIRECTOR, PRIVATE MARKETS · 40 hrs/week $1,244,070Base $1,207,419 · Other $36,651

KAREN EIFLERMANAGING DIRECTOR, PUBLIC MARKETS · 40 hrs/week $1,196,207Base $1,160,055 · Other $36,152

GLEN ZWICKERMANAGING DIRECTOR & HEAD OF INVESTMENT OPERATIONS · 40 hrs/week $1,118,524Base $1,043,689 · Other $74,835

HEIDI E HENNING ESQVP & GENERAL COUNSEL & SECRETARY · 40 hrs/week $887,510Base $831,890 · Other $55,620

RICHARD AXEL MDINVESTIGATOR · 40 hrs/week $854,925Base $806,661 · Other $48,264

LESLIE B VOSSHALL PHDVP & CHIEF SCIENTIFIC OFFICER · 40 hrs/week $850,327Base $772,292 · Other $78,035

BLANTON TOLBERT PHDVP SCIENCE LEADERSHIP AND CULTURE (THRU 05/25)/LAB · 40 hrs/week $833,368Base $778,489 · Other $54,879

RONALD VALE PHDSENIOR GROUP LEADER/FORMER VP & EXEC. DIR., JRC · 40 hrs/week $826,070Base $769,522 · Other $56,548

NELSON SPRUSTON PHDVP & EXEC DIR, JANELIA RESEARCH CAMPUS · 40 hrs/week $715,383Base $643,812 · Other $71,571

DAVID E CLAPHAM PHDSENIOR GROUP LEADER/FORMER VP & CHIEF SCIENTIFIC O · 40 hrs/week $663,738Base $590,291 · Other $73,447

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

DONALD KOCHVP & CHIEF INVESTMENT OFFICER

ERIN K OSHEA PHDPRESIDENT

MARK SPROLESMANAGING DIRECTOR, PRIVATE MARKETS

KAREN EIFLERMANAGING DIRECTOR, PUBLIC MARKETS

GLEN ZWICKERMANAGING DIRECTOR & HEAD OF INVESTMENT OPERATIONS

HEIDI E HENNING ESQVP & GENERAL COUNSEL & SECRETARY

RICHARD AXEL MDINVESTIGATOR

LESLIE B VOSSHALL PHDVP & CHIEF SCIENTIFIC OFFICER

BLANTON TOLBERT PHDVP SCIENCE LEADERSHIP AND CULTURE (THRU 05/25)/LAB

RONALD VALE PHDSENIOR GROUP LEADER/FORMER VP & EXEC. DIR., JRC

NELSON SPRUSTON PHDVP & EXEC DIR, JANELIA RESEARCH CAMPUS

DAVID E CLAPHAM PHDSENIOR GROUP LEADER/FORMER VP & CHIEF SCIENTIFIC O

GERALD M RUBIN PHDSENIOR GROUP LEADER/FORMER VP & EXEC. DIR., JRC

SEAN B CARROLL PHDINVESTIGATOR/FORMER VP SCI. & ED. MEDIA GROUP

SETH GROSSMAN ESQVP, CHIEF OPERATING OFFICER & SENIOR ADVISOR TO TH

LYNNE LOCHTECHIEF FINANCIAL OFFICER & TREASURER

KRISTINA HEIBERGER ESQDEPUTY GENERAL COUNSEL & ASSISTANT SECRETARY

BODO STERN PHDCHIEF OF STRATEGIC INITIATIVES

NATASHA NEISESSENIOR DIRECTOR, FINANCIAL PLANNING & ANALYSIS

JEREMY COMPTONCONTROLLER

KRISTIAN GREENEDIRECTOR, TREASURY OPERATIONS & ASSISTANT TREASURE

CLAYTON S ROSE PHDTRUSTEE, CHAIR

CHARLENE BARSHEFSKY ESQTRUSTEE, CHAIR NOM & GOV COMM

ALISON F RICHARD PHDTRUSTEE

DEBORA L SPAR PHDTRUSTEE, CHAIR AUDIT & COMP

FRED R LUMMISTRUSTEE, CHAIR FINANCE COMM

JOSEPH L GOLDSTEIN MDTRUSTEE

MARGARET D TUTWILERTRUSTEE

DAVID JULIUS PHDTRUSTEE, CHAIR RESEARCH COMM

PAUL M NURSE PHDTRUSTEE

RISA LAVIZZO-MOUREY MD MBATRUSTEE, CHAIR EDUCATION COMM

KURT L SCHMOKE ESQTRUSTEE (THRU 10/24)

JAY JACOBSTRUSTEE (AS OF 11/24)

EDITH HEARD PHDTRUSTEE (AS OF 02/25)/ADVISORY BOARD MEMBER (2024)

About this charity

Recognized since: January 1957
Location: 4000 JONES BRIDGE RD, CHEVY CHASE, MD 20815-6720
County: Montgomery
In care of: LYNNE LOCHTE
Primary officer: LYNNE LOCHTE, CFO & Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(301) 215-8500

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Medical Research (H920)
Grant-giving organization: Yes