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Filing year 2023

Howard Hughes Medical Institute

Chevy Chase, Maryland·EIN 59-0735717·NTEE H920 · Medical Research·3
Total revenue
$1.8B
Total assets
$27.3B
Total expenses
$1.2B
Reported officers
34
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 33 reported individuals · Filing year 2023

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
VP & Chief Investment Officer
vice president
$3.7M
$4M
Managing Director, Private Markets
highest compensated employee
$1.7M
$1.9M
$1.7M
$1.8M
Managing Director & Head of Investment Operations
$1.5M
$1.7M
Managing Director, Public Markets (thru 4/23)
highest compensated employee
$1.1M
$1.3M
VP Science Leadership and Culture
vice president
$1.1M
$1.2M
Managing Director, Public Markets
highest compensated employee
$1M
$1.1M
VP & General Counsel & Secretary
vice president
$952k
$1M
Investigator/ Former VP Sci. & Ed.media Group (thru 11/23)
vice president
$905k
$992k
Managing Director, Private Markets (thru 4/24)
highest compensated employee
$894k
$980k
VP & Chief Scientific Officer
vice president
$880k
$965k
VP & Exec Dir, Janelia Research Campus (thru 07/24)
vice president
$808k
$885k
VP & Exec Dir, Janelia Research Campus (as of 08/24)
vice president
$741k
$812k
VP & Chief Financial & Operating Officer (thru 01/23)
$689k
$755k
Senior Group Leader/former Vp&exec Dir, Jrc
former officer/director/trustee
$646k
$708k
Senior Group Leader/former VP & Chief Scientific Officer
senior vice president
$635k
$697k
Senior Scientific Officer/former Vice President of Operations
senior vice president
$515k
$564k
Chief of Strategic Initiatives
officer (unspecified)
$481k
$528k
Deputy General Counsel & Assistant Secretary
secretary (operational)
$470k
$516k
Chief Financial Officer & Treasurer
$458k
$502k
Senior Director, Financial Planning & Analysis
$326k
$358k
Associate Controller (thru 7/24)/controller & Assistant Treasurer (as of 08/24)
$278k
$304k
Trustee, Chair
board chair
$100k
$110k
Trustee, Chair Research Comm
board chair
$70k
$77k
Trustee, Chair Finance Comm
board chair
$70k
$77k
Trustee, Chair Audit & Comp
board chair
$70k
$77k
Trustee, Chair Nom & Gov Comm
board chair
$70k
$77k
Trustee, Chair Education Comm
board chair
$70k
$77k
Trustee
board member
$60k
$66k
Trustee
board member
$60k
$66k
Trustee
board member
$60k
$66k
Trustee
board member
$60k
$66k
Trustee
board member
$60k
$66k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Medical Research

Up 44%
from 2022

From $2.5M in 2022 to $3.7M in 2023.

$2.5M
2022
$3.7M
2023
In today's dollarsEst.
Up 40% in real terms$2.9M to $4M

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Howard Hughes Medical Institute reported revenue and expenses across 2 filing years.

RevenueExpenses
$749M
$1.1B
2022
$1.8B
$1.2B
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Medical Research executives earn

Comparable medical research organizations nationwide pay their highest-earning executive a median of $121,446.

25th percentile
$48k
Median
$121,446
75th percentile
$251k
90th percentile
$447k

These are medical research sector-wide figures, not this organization's reported pay. Based on 1,078 organizations across 1,078 filings (2020 – 2024).

See full Medical Research compensation data
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