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The Corporation comprises 19 members:
- Three ex officio members: the President of the University and the Governor and the Lieutenant Governor of the State of Connecticut.
- Ten "Successor Trustees" who elect their own successors.
- Six Alumni Fellows who are elected by the body of Yale alumni.
While Article 8 Section 3 of the Constitution of the State of Connecticut recognizes a 1792 Act of the Connecticut General Assembly, which established the governor, lieutenant governor, and six members of the State Senate as ex officio members of the Corporation, an 1871 act of the Connecticut Legislature gave Yale alumni the right to elect the six posts formerly occupied by state senators. As explained by George Pierson, a descendant of Yale's first president:
In the 1750s President Clap did cause or engineer two great breaks: the separation of the College from the churches by the setting up of an independent college church, and separation of the College from the state by the refusal of inspection and termination of colony support. But the second separation proved unsuccessful. So Stiles and his trustees had to bring political authorities back into management of the College by adding the governor, lieutenant governor, and six senior assistants to the Fellows of the Corporation in return for some monies and for the confirmation of the colonial charter. So, whatever the traditions or later assumptions, Yale College would not find itself operationally free from political supervision until 1872, when by law six alumni fellows or trustees were allowed to be substituted for the six senior senators of the Corporation.
Members of the Yale Corporation, as of March 2013, were, according to the Yale University webpages concerning the Corporation and its members' biographies:
- Richard Charles Levin, B.A., B.Litt., '74 Ph.D., Chairman of the Yale Corporation and President of Yale University (since 1993), New Haven, Connecticut, Frederick William Beinecke Professor of Economics; former chair, Yale Economics Department; former Dean, Yale Graduate School of Arts and Sciences; member, President's Council of Advisors for Science and Technology; trustee, Hewlett Foundation; board member, ClimateWorks, American Express, and C3; fellow, American Academy of Arts and Sciences
- Byron Gerald Auguste, '89 B.A., M.Phil, D.Phil., Successor Trustee (since 2011), Washington, D.C., Senior Partner, McKinsey & Company; Oxford Marshall Scholar; author, "The Economics of International Payments Unions and Clearing Houses (1997); co-founder/board chairman, the Hope Street Group; trustee, Hewlett Foundation; member, White House Council for Community Solutions; former advisory board member, World Economic Forum and the Center for American Progress
- Edward Perry Bass, '67 ('68 B.S.), Successor Trustee (since 2001) and Senior Fellow of the Yale Corporation (since 2011), Fort Worth, Texas, Rancher/Environmentalist, Executive Committee member, New York Botanical Garden & Botanical Research Institute of Texas, Director Emeritus, World Wildlife Fund (WWF), Co-Founder, Tucson Biosphere 2, Founding Trustee, Philecology Trust; former chair, Council Committee on the Peabody Museum; co-chair, Leadership Council of the Yale School of Forestry & Environmental Studies
- Jeffrey Lawrence Bewkes, '74 B.A., M.B.A., Successor Trustee (since 2006), Old Greenwich, Connecticut, Chairman and CEO, Time Warner Inc. (Time Warner Publishing; Warner Bros. Studios; Home Box Office (HBO and Cinemax); and CNN, TNT, TBS, and Cartoon Network); formerly, CEO of Home Box Office and Time Warner group chairman; board member, Partnership for New York City; member, Business Council; advisory board member, Creative Coalition, Paley Center for Media, and the George Washington University Law School
- Francisco Gonzalez Cigarroa, '79 B.S., M.D., Alumni Fellow (since 2010), San Antonio, Texas, First Hispanic Chancellor of a major university system (The University of Texas System) and noted pediatric surgeon and expert surgeon in transplant medicine; former President, University of Texas Health Science Center at San Antonio; member, National Institute of Medicine (NIM), and White House Initiative on Educational Excellence for Hispanic Americans; fellow, American College of Surgery; diplomate, American Board of Surgery
- Maureen Cathy Chiquet, '85 B.A., Successor Trustee (since 2012), Purchase, New York, Global CEO, Chanel (previously, U.S. President of Chanel, Inc., Old Navy divisional merchandise manager, Gap employee, and L'Oreal Paris product manager); supervisory board and Human Resources board member, Vivendi; board of directors member, Peek ... Aren't You Curious; board of trustees member, New York Academy of Art
- Peter Brendan Dervan, B.S., '72 Ph.D., Alumni Fellow (since 2008), San Marino, California, Bren Professor of Chemistry, California Institute of Technology; former chair, Caltech division of chemistry and chemical engineering; member, National Academy of Sciences, Institute of Medicine, American Academy of Arts and Sciences, and American Philosophical Society; 2006 National Medal of Science; Yale Kirkwood Medal/Wilbur Cross Medal; co-founder, Gilead Sciences
- Donna Lee Dubinsky, '77 B.A., M.B.A., Successor Trustee (since 2006), Portola Valley, California, Co-founder/board chair, Numenta, Inc. (formerly, employee, Apple Computer; co-founder, Claris Corporation; president/CEO and director, Palm Computing, and co-founder, Palm Computing's Handspring, Inc.); trustee of the Computer History Museum and the Peninsula Open Space Trust
- Mimi Gardner Gates, B.A., M.A., '81 Ph.D., Alumni Fellow (since 2007), Seattle, Washington, Director Emerita, Seattle Art Museum (now, oversees the Gardner Center for Asian Art and Ideas there; previously, Henry J. Heinz II Director, Yale University Art Gallery); former president/trustee, Association of Art Museum Directors; steering committee member, Museum Program of the National Endowment for the Arts and the Getty Leadership Institute Advisory Committee; board member, Blakemore Foundation, Dunhuang Foundation, Copper Canyon Press, Northwest African American Museum, Terra Foundation, and the Heinz Center
- Charles Waterhouse Goodyear IV, '80 B.S., M.B.A., Successor Trustee (since 2011), London, England, President, Goodyear Capital Corporation; former CEO, Chief Development Officer, and CFO, BHP Billiton; former executive vice president, Kidder, Peabody & Co.; former senior vice president and CFO, Freeport-McMoRan Inc.; former CEO-designate and board member, Temasek Holdings of the Singapore Minister for Finance; former member, Yale Tomorrow Campaign Committee, and member, Yale President's Council on International Activities
- Paul Lewis Joskow, B.A., '70 M.Phil., '72 Ph.D., Successor Trustee (since 2008), New York, New York, President, Alfred P. Sloan Foundation; former faculty member and former head, Massachusetts Institute of Technology (MIT) Department of Economics and former director, MIT Center for Energy and Environmental Policy Research; fellow, [[Econometric Society, American Academy of Arts and Sciences, and the Industrial Organization Society]]; board of overseers member, Boston Symphony Orchestra; board member, Exelon Corporation and Putnam Mutual Funds; former president, Yale University Council (1994-2006); 2005 Yale Medal
- Catharine Bond Hill In May 2013, Catharine Bond Hill was elected as an Alumni Fellow at Yale Corporation.
- Pierson, George Wilson. (1988). The Founding of Yale: the Legend of the Forty Folios, p. 255.
- "The Yale Corporation | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "President Levin, University leadership | Yale". Yale.edu. Retrieved 2013-04-22.
- "Auguste: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "Bass: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "Bewkes: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "Francisco G. Cigarroa: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "chiquet". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "Peter Brendan Dervan: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "Dubinsky: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "Gates: University leadership | Yale". Yale.edu. Retrieved 2013-04-22.
- "Goodyear: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- "Paul Lewis Joskow: University leadership | Yale". Yale.edu. 2010-02-15. Retrieved 2013-04-22.
- Pierson, George Wilson. (1988). The Founding of Yale: the Legend of the Forty Folios. New Haven: Yale University Press. 10-ISBN 0300042523/13-ISBN 9780300042528; OCLC 17872942