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Filing year 2023

Howard Hughes Medical Institute

Chevy Chase, Maryland·EIN 59-0735717·NTEE H920 · Medical Research·501(c)(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 · Part VII & Schedule J · 33 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Medical Research organizations nationwide.

VP & Chief Investment Officer
Vice President
Above 90th percentile
$3.7M
$4M
Base
$1.1M
Bonus
$2.5M
Other
$24k
Benefits
$39k
Managing Director, Private Markets
Highest Compensated Employee
Above 90th percentile
$1.7M
$1.9M
Base
$576k
Bonus
$1M
Other
$26k
Benefits
$34k
President
Above 90th percentile
$1.7M
$1.8M
Base
$1.6M
Bonus
Other
$31k
Benefits
$31k
Managing Director & Head of Investment Operations
Above 90th percentile
$1.5M
$1.7M
Base
$530k
Bonus
$898k
Other
$26k
Benefits
$38k
Managing Director, Public Markets (thru 4/23)
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.3M
Base
$201k
Bonus
$810k
Other
$96k
Benefits
$12k
VP Science Leadership and Culture
Vice President
Above 90th percentile
$1.1M
$1.2M
Base
$754k
Bonus
Other
$306k
Benefits
$20k
Managing Director, Public Markets
Highest Compensated Employee
Above 90th percentile
$1M
$1.1M
Base
$600k
Bonus
$386k
Other
$4k
Benefits
$2k
VP & General Counsel & Secretary
Vice President
Above 90th percentile
$952k
$1M
Base
$759k
Bonus
Other
$130k
Benefits
$30k
Investigator/ Former VP Sci. & Ed.media Group (thru 11/23)
Vice President
Above 90th percentile
$905k
$992k
Base
$773k
Bonus
$27k
Other
$49k
Benefits
$24k
Managing Director, Private Markets (thru 4/24)
Highest Compensated Employee
Above 90th percentile
$894k
$980k
Base
$491k
Bonus
$334k
Other
$3k
Benefits
$33k
VP & Chief Scientific Officer
Vice President
Above 90th percentile
$880k
$965k
Base
$733k
Bonus
Other
$78k
Benefits
$35k
VP & Exec Dir, Janelia Research Campus (thru 07/24)
Vice President
Above 90th percentile
$808k
$885k
Base
$742k
Bonus
Other
$8k
Benefits
$25k
VP & Exec Dir, Janelia Research Campus (as of 08/24)
Vice President
Above 90th percentile
$741k
$812k
Base
$566k
Bonus
$95k
Other
$7k
Benefits
$40k
VP & Chief Financial & Operating Officer (thru 01/23)
Above 90th percentile
$689k
$755k
Base
$28k
Bonus
Other
$656k
Benefits
$1k
Senior Group Leader/former Vp&exec Dir, Jrc
Former Officer/director/trustee
Above 90th percentilevs all sectors nationwide
$646k
$708k
Base
$555k
Bonus
Other
$33k
Benefits
$25k
Senior Group Leader/former VP & Chief Scientific Officer
Senior Vice President
Above 90th percentilevs all sectors nationwide
$635k
$697k
Base
$531k
Bonus
Other
$35k
Benefits
$36k
Senior Scientific Officer/former Vice President of Operations
Senior Vice President
75th to 90th percentilevs all sectors nationwide
$515k
$564k
Base
$434k
Bonus
$13k
Other
$12k
Benefits
$23k
Chief of Strategic Initiatives
Officer (Unspecified)
$481k
$528k
Base
$404k
Bonus
Other
$27k
Benefits
$17k
Deputy General Counsel & Assistant Secretary
Secretary (Operational)
Above 90th percentile
$470k
$516k
Base
$372k
Bonus
Other
$26k
Benefits
$40k
Chief Financial Officer & Treasurer
Above 90th percentile
$458k
$502k
Base
$333k
Bonus
$47k
Other
$27k
Benefits
$18k
Senior Director, Financial Planning & Analysis
75th to 90th percentile
$326k
$358k
Base
$280k
Bonus
Other
$3k
Benefits
$15k
Associate Controller (thru 7/24)/controller & Assistant Treasurer (as of 08/24)
Controller
Above 90th percentilevs all sectors nationwide
$278k
$304k
Base
$239k
Bonus
Other
$3k
Benefits
$11k
Trustee, Chair
Board Chair
Median to 75th percentile
$100k
$110k
Trustee, Chair Nom & Gov Comm
Board Chair
Median to 75th percentile
$70k
$77k
Trustee, Chair Research Comm
Board Chair
Median to 75th percentile
$70k
$77k
Trustee, Chair Education Comm
Board Chair
Median to 75th percentile
$70k
$77k
Trustee, Chair Finance Comm
Board Chair
Median to 75th percentile
$70k
$77k
Trustee, Chair Audit & Comp
Board Chair
Median to 75th percentile
$70k
$77k
Trustee
Board Member
Median to 75th percentile
$60k
$66k
Trustee
Board Member
Median to 75th percentile
$60k
$66k
Trustee
Board Member
Median to 75th percentile
$60k
$66k
Trustee
Board Member
Median to 75th percentile
$60k
$66k
Trustee
Board Member
Median to 75th percentile
$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

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Howard Hughes Medical Institute equaled 0.3% of the organization's total expenses. The median for medical research organizations is 10%.

This organization (2023)
0.3%
Sector median
10%
Middle half of sector
4% to 21%

Based on 1,118 medical research organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

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.

Pay for the position

Vice President pay rose 44% from 2022 to 2023, while revenue rose 135%.

$2.5M in 2022 to $3.7M in 2023.
  • Highest Compensated Employee pay fell 23% from 2022 to 2023.
  • Chief Executive Officer pay rose 1% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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 in Maryland

Comparable medical research organizations in Maryland pay their highest-earning executive a median of $248,659.

25th percentile
$96k
Median
$248,659
75th percentile
$426k
90th percentile
$657k

These are medical research sector-wide figures, not this organization's reported pay. Based on 51 organizations across 51 filings (2023 – 2024).

See full Medical Research pay data for Maryland
FAQ

Common questions about Howard Hughes Medical Institute

What does the Vice President of Howard Hughes Medical Institute earn?

In 2023, the Vice President of Howard Hughes Medical Institute received $3,664,516 in total compensation. This pay is in the top 10% for Vice President roles among Medical Research organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Vice President pay at Howard Hughes Medical Institute compare with similar nonprofits?

Compared with the same role at Medical Research organizations nationwide, the 2023 pay of the Vice President at Howard Hughes Medical Institute falls in the top 10%. In 2023, the highest total compensation at Howard Hughes Medical Institute equaled 0.3% of the organization's total expenses. The median for medical research organizations is 10%.

What are Howard Hughes Medical Institute's revenue and expenses?

In 2023, Howard Hughes Medical Institute reported $1.8B in total revenue and $1.2B in total expenses on its IRS Form 990.

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