The tax ID number for Fordham University is 131740451.
Understanding Fordham University's Tax ID (EIN)
A tax ID number, officially known as an Employer Identification Number (EIN), is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to identify a business or organization for tax purposes. For non-profit organizations like Fordham University, the EIN serves as their primary identifier for federal tax compliance, similar to how individuals use a Social Security Number (SSN).
Here are the details for Fordham University's EIN:
| Organization Name | Tax ID Number (EIN) |
|---|---|
| Fordham University | 131740451 |
This number is publicly accessible and often used by donors, researchers, and government agencies to verify the organization's non-profit status and review its financial transparency.
Why Non-Profit Organizations Like Universities Have an EIN
Non-profit entities, including educational institutions such as Fordham University, are required to obtain an EIN for several key reasons:
- Tax Exempt Status: To apply for and maintain tax-exempt status under IRS Section 501(c)(3), which exempts them from federal income tax.
- Filing Tax Returns: To file annual information returns with the IRS (e.g., Form 990), which provides detailed financial and operational information to the public.
- Employment Purposes: To hire employees, process payroll, and remit payroll taxes.
- Opening Bank Accounts: To open bank accounts and manage financial transactions under the organization's name.
- Government Grants & Funding: To apply for grants and receive funding from government agencies or private foundations.
- Public Accountability: The EIN facilitates public access to financial information through platforms like Charity Navigator, promoting transparency and accountability.
Knowing an organization's EIN can be useful for various purposes, including verifying its legitimacy, researching its financial health, or making tax-deductible contributions.
