Carnegie Mellon University

Relentless

There’s no slowing down the thinkers and doers of Carnegie Mellon University. We let nothing interrupt our pursuit of new knowledge and novel solutions. The strength of our collective intellectual curiosity powers us onward in a spirit of confidence and optimism. Always resilient, always hopeful, always looking forward, we remain in constant motion as we find and create ways to make a positive impact on our community and the world. It’s not just our mindset. It’s our mission.

Highlights from the CFO and CIO

angela blanton

Angela Blanton, Vice President for Finance and CFO

It is my honor to present Carnegie Mellon University’s Annual Financial Report for the fiscal year ended June 30, 2022 (FY22).

Our world is changing every day. Even before the pandemic caused numerous shifts in how we work and live, digital transformation was accelerating across industries and public life. Carnegie Mellon stands at the forefront of this change, as the birthplace of innovations that reshape society. This is a responsibility and opportunity that we take very seriously. The financial strength and sustainability of Carnegie Mellon is about so much more than dollars and cents — it is about creating and nurturing an environment where big ideas flourish. It is about ensuring that the university can fulfill its mission and pursue its vision of a better, more equitable future.

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Charles A. Kennedy, CIO

Created through generous gifts and augmented by careful financial stewardship, Carnegie Mellon University’s endowment stood at a market value of $3.0 billion as of June 30, 2022. The endowment serves as a key strategic asset of the university. Carnegie Mellon seeks to advance knowledge and understanding in science and technology, fine arts and the humanities through its research and education mission.

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Year in Review

Bollinger Truck

Design Students Envision New Ways to Provide Relief in a Water Crisis

The studio teamed with alumnus-run Bollinger Motors on a mobile water-filtration systems project.

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Cloud Lab

Carnegie Mellon University and Emerald Cloud Lab to Build World’s First University Cloud Lab

Automated laboratory will provide researchers with state-of-the-art facilities for life sciences and chemistry research.

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JPMorgan Chase & Co. AI Maker Space

The JPMorgan Chase & Co. AI Maker Space officially opened on Nov. 10. A Fetch robot cut the ceremonial ribbon opening the space.

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NREC

National Robotics Engineering Center Has Transformational Economic Impact

New report finds Carnegie Mellon organization has helped advance its neighborhood, the region and industry.

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Biden

Biden Delivers Passionate Call to Action to Invest in American Innovation

President interacts with faculty and students during visit to CMU at Mill 19.

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CMU Hosts U.S.-EU Trade and Technology Council Meeting at Hazelwood Green

The inaugural United States-European Union Trade and Technology Council Meeting was held at CMU’s Mill 19 facility.

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Farming AI

CMU Puts AI to Work in New NSF-Funded Institutes

These new institutes will advance technology in fields from agriculture to wireless networks.

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Baker Hall

CMU Receives $20 Million to Establish Hoskinson Center for Formal Mathematics in Dietrich College

The center will promote mathematical research by improving access to knowledge and resources.

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Carnegie Mellon University and Mastercard Foundation Partner To Drive Youth-led Digital Transformation in Africa

The $275.7 million partnership will significantly expand advanced engineering and technology education at CMU-Africa.

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Heder

CMU Alumna Takes Oscar Gold

“CODA,” written and directed by School of Drama alumna Siân Heder, won Best Picture and Best Adapted Screenplay.

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Women

Undergraduate Women Use Political Power to Create Change

Undergraduate women at CMU are working together to impact local and national politics.

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Posner Foundation to Support Student Success, Libraries at CMU

Foundation will provide $16M to endow Tartan Scholars program and University Libraries deanship, help build new Health, Wellness and Athletics Center.

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highmark center

CMU Breaks Ground for New Beacon of Student Life

Highmark Center to bring to campus a holistic approach to health and wellness.

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Commencement

CMU Celebrates Historic Commencement Weekend

Carnegie Mellon University undergraduate and graduate students from the Classes of 2020, 2021 and 2022 celebrated their achievements at the 124th Commencement.

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