New York University (NYU) is a private research university located in New York City,[2] which was founded by Albert Gallatin in 1831.[3] The "president and chancellor", often shortened to president, is the highest authority in the university after the board of trustees,[4] serving as its chief executive and chief academic officer.[5] From the university's founding until June 1956, the position was simply titled "chancellor".[6]
The president is elected by the board of trustees, and serves as an ex officio member of the board. The president recommends persons to fill the university's senior offices, including provost, executive vice president, general counsel, and deans, who are then appointed by the board. The president also presides over the university senate and confers all degrees, with the board's authorization and upon certification of a student by the faculty.[5]
The president is provided a penthouse residence, which is owned by the university, on Washington Square Park.[7] As of 2021[update], the president received over $1.5 million in annual compensation.[8] The current president, Linda G. Mills, a social worker who is the university's first female president, assumed office on July 1, 2023.[9]
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