At Carnegie Mellon University, we strive every day to be a catalyst for progress around the world and beyond by conducting research that has a real impact in fields from medicine to manufacturing to crisis management. Applying our knowledge, imagination and unquenchable appetite for innovation, we achieve breakthroughs that reimagine what is possible and change lives. It’s progress with a purpose, and it’s fueled by the crucial support of partners throughout the region and the country. It’s all about sharing knowledge. And advancing humanity.
Highlights from the CFO and CIO
Angela Blanton, Vice President for Finance and Chief Financial Officer, and Charles A. Kennedy, Chief Investment Officer, on why Carnegie Mellon's financial strength is important and how it empowers work that matters.
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, 2023 (FY23).
Carnegie Mellon’s vision is to advance humanity through work that matters; we do this not only by investing in our education and research mission, but by eliminating obstacles for the great thinkers, innovators, artists, and leaders of the future.
The financial strength and sustainability of Carnegie Mellon unlocks great potential to advance humanity and make broad societal impacts both locally and globally.
Charles A. Kennedy, CIO
Carnegie Mellon University’s mission seeks to make the world better by providing transformational research and education focused on advancing knowledge and understanding in science, technology, the humanities, business, and the fine arts. Carnegie Mellon’s endowment is a key strategic asset in achieving this mission. Created largely through incredible acts of philanthropy and augmented by careful financial stewardship, the endowment stood at a market value of $3.1 billion as of June 30, 2023.
Year in Review
Carnegie Mellon Surpasses Initial Goal with Over $2B in Support for Ongoing Campaign
Make Possible to be extended by one year to continue momentum, complete major projects.
CMU Joins Transportation Officials at Launch of New Autonomous Vehicle Testing, Safety and Training Facility
A state-of-the-art facility created to benefit emergency responders, transportation technology companies and research institutions.
Carnegie Mellon, Rales Foundation Announce Groundbreaking Initiative to Broaden Access to STEM Education
$150 million investment aims to eliminate cost as barrier to graduate education, create distinctive ecosystem to ensure success.
Guiding the Clean Energy Transition
The three-day Global Clean Energy Action Forum, co-sponsored by Carnegie Mellon University, drew attendees to Pittsburgh to share their ideas on how to move toward a clean and sustainable future.
The Richard King Mellon Hall of Sciences
A $75 million lead grant from the Richard King Mellon Foundation will help fund CMU’s new Richard King Mellon Hall of Sciences.
Sloan Foundation Funds New Office to Support Open Source Activities
Carnegie Mellon University’s Helen and Henry Posner, Jr. Dean of the University Libraries Keith Webster received a $650,000 grant from the Alfred P. Sloan Foundation.
CMU to Lead NASA Space Technology Research Institute
A new NASA Space Technology Research Institute (STRI) led by Carnegie Mellon seeks to shorten the cycle required to design, manufacture and test parts for vehicles.
$20M from NIH Provides Infrastructure, Leadership for Project to Map the Human Body at the Cellular Level
Carnegie Mellon University researchers received a total of $20 million in renewed funding from the National Institutes of Health.
Carnegie Mellon Leads NSF AI Institute for Societal Decision Making
$20 million collaboration brings together AI researchers, social scientists to develop tools for societal challenges.
Carnegie Mellon, Region, to Share Benefits of $62.7M Build Back Better Grant
The grant will expand Pittsburgh’s well-established robotics, AI and automation cluster to 11 counties in Southwestern Pennsylvania and help address regional challenges.
NATIONAL CHAMPIONS! Men’s Golf Wins the First NCAA Team Title in CMU Athletics History
The Carnegie Mellon University men’s golf team made history by winning the first NCAA Division III Championship in university history. The Tartans turned in a final round to finish play at the 2023 NCAA Division III Championships in Nicholasville, Kentucky with a 72-hole score of one-under par 1,151 to become national champions.
CMU Alumna Wins Grammy Award
Carnegie Mellon University School of Drama alumna Patina Miller took home her first Grammy Award for her work as the Witch in the revival of Stephen Sondheim’s “Into the Woods,” which won for Best Musical Theater Album.