Yale University is New Haven’s largest employer with over 12,000 full time employees. Yale employs more than 4,000 New Haven residents.
Yale University pays taxes and is currently one of the top 5 taxpayers in New Haven. Every non-profit university in the nation is exempt from paying taxes on their academic property. But, through its community investment program that redevelops nearby property, Yale pays real estate taxes – over $4 million last year – on all of our non-academic property.
Yale University makes a voluntary payment – over $8 million this year – to the City of New Haven. Since 1990, Yale has paid the City over $74m in voluntary payments alone.
The University supports local youth, including being the primary donor for scholarships offered by New Haven Promise. Through Promise, Yale will provide up to $4 million per year every year for city residents who graduate from a New Haven public school and attend college in Connecticut. Additionally, Yale dedicates several million dollars each year of resources toward programs for young people in New Haven and the region. Each year more than 10,000 public school children participate in academic and social development programs sponsored by Yale on the campus, while more than 1,000 Yale people work in a variety of community partnership programs in public schools across the city.
Yale University provides jobs for the community. In addition to its employee base, Yale monitors work hours allocated to New Haven residents on each of its major construction projects and works closely with its contractors to meet and exceed targeted goals. Over the past decade, Yale research has contributed to a growing cluster of spin-off companies in the greater New Haven area, generating over 30 business ventures. Higher One, a company that was founded in 2000 by Yale students, recently broke ground on a new headquarters building in Science Park, ensuring that over 200 jobs would stay in New Haven.
Yale University contributes to the revitalization of neighborhoods. Yale committed funds to the restoration of Scantlebury Park, the Farmington Canal, and the improvements of streetscapes and creation of pedestrian and bike paths. Yale’s commitment to Science Park has contributed to the success of the revitalization of the Winchester area. The Dixwell-Yale Community Learning Center Rose Center (DYCLC), which was built and is run by Yale, is open to the community.
The Yale University Homebuyer Program strengthens the tax base and has committed $25m in funds to assist over 1,000 employees in their purchase of homes in New Haven with a total value of approximately $175 million. Neighborhoods that benefit from the Yale University Homebuyer Program include West Rock, Beaver Hills, Newhallville, Dixwell, Dwight, Hill, and Fair Haven, amongst others.
The University provides cultural resources for the community. Yale’s museums, exhibition spaces, concerts and theatre productions are generally open to the public and many programs are free of charge.
Yale University fosters economic development in New Haven. Since 1990, in addition to its homebuyers program, Yale has contributed over $40 million to economic development initiatives including providing funds to the Economic Development Corporation of New Haven, Start Community Bank, Science Park, and our Broadway and Chapel Street community investment programs.
Yale University supports the local community with its resources. Yale University Medical School physicians provide over $12 million per year in free care to the local community. (Yale New Haven Hospital also provides significant uncompensated care but it is a separate entity from Yale University with its own independent management). The Yale Jerome N. Frank Legal Services Organization offers free legal assistance to organizations that cannot afford to retain private counsel. The Urban Resource Initiative oversees the planting of trees in New Haven. The Yale Center for Clinical Investigation works with the community to seek solutions to local health questions.