Program areas at The Eric and Wendy Schmidt Fund for Strategic Innovation
Rise - a talent program designed to increase opportunity for exceptional young people worldwide to serve others and to build a cohort that reflects a broad range of experiences, backgrounds, passions and talents. The program will foster skilled teenagers and an environment that will enable them to learn and share ideas with others that will allow them to improve their own skills and talents to help them serve The public.
Schmidt special competitive studies project - a project to conduct an analysis and make recommendations to strengthen america's long term competitiveness for a future where artificial intelligence and other emerging technologies reshape our national security, economy, and society.
Convergent research - an initiative designed to solve gaps in The research and design ecosystem by identifying high-impact scientific or technological research and development opportunities, then defining and launching these projects as focused research organizations (fros).
Previously distributed grants returned to The foundation
Grants made by The Eric and Wendy Schmidt Fund for Strategic Innovation
| Grantee | Grant description | Grant year | Amount |
|---|
| Convergent Research | Cash - $8,200,000LLC Interest - $964,687valuation Method: Fair Market Valuedate of Gift: 12/31/2022purpose: General Operations and Focused Research Organizations. | 2022-12 | $9,164,687 |
| National Science Foundation Employees Association (NSFEA) | To Provide Support for K12 Education Research, Training, and Infrastructure Partnership. | 2022-12 | $1,435,000 |
| National Science Foundation Employees Association (NSFEA) | To Provide Support for K12 Education Research, Training, and Infrastructure Partnership. | 2022-12 | $1,430,000 |
| ...and 84 more grants made totalling $37,188,396 |
Who funds The Eric and Wendy Schmidt Fund for Strategic Innovation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| New Venture Fund | 2022-12 | Capacity Building | $65,000 |
Personnel at The Eric and Wendy Schmidt Fund for Strategic Innovation
| Name | Title | Compensation | Date of data |
|---|
| Adam Marblestone | Chief Executive Officer - CRLLC | $140,000 | 2022-12-31 |
| Yll Bajraktari | Chief Executive Officer - SSCSP | $579,500 | 2022-12-31 |
| Anastasia K Gamick | Chief Operating Officer - CRLLC | $116,667 | 2022-12-31 |
| Gregg Goldman | Chief Financial Officer | $8,775 | 2022-12-31 |
| Maria Ponmakha | Chief of Staff | $362,700 | 2022-12-31 |
| ...and 6 more key personnel |
Financials for The Eric and Wendy Schmidt Fund for Strategic Innovation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $23,294,434 | $359,463,607 | -93.5% |
| Investment income and dividends | $6,242,082 | $4,755,180 | 31.3% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $87,656,473 | $47,936,723 | 82.9% |
| Gross sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $9,325,929 | $5,897 | - |
| Total revenues | $126,518,918 | $412,161,407 | -69.3% |
Organizations like The Eric and Wendy Schmidt Fund for Strategic Innovation
| Organization | Type | Location | Revenue |
|---|
| Wellspring Philanthropic Fund | 501(c)(3) | New York, NY | $374,958,422 |
| The William K Warren Foundation | 501(c)(3) | Tulsa, OK | $34,266,089 |
| O'donnell Foundation | 501(c)(3) | Dallas, TX | $106,903,917 |
| Dave & Cheryl Duffield Foundation | 501(c)(3) | Incline Village, NV | $132,057,271 |
| Rasmuson Foundation | 501(c)(3) | Anchorage, AK | $33,697,600 |
| W.K. Kellogg Foundation (WKKF) | 501(c)(3) | Battle Creek, MI | $383,208,005 |
| Rawlings Foundation | 501(c)(3) | Palm Beach, FL | $36,942,959 |
| Duke Endowment | 501(c)(3) | Charlotte, NC | $497,718,591 |
| Alumbra Innovations Foundation | 501(c)(3) | Bentonville, AR | $69,805,396 |
| Pepsico Foundation | 501(c)(3) | Purchase, NY | $81,826,431 |
Data update history
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $65,000 from New Venture Fund December 26, 2023
Posted financials
Added Form 990PF for fiscal year 2022
December 26, 2023
Updated personnel
Identified 2 new personnel
December 24, 2023
Used new vendors
Identified 2 new vendors, including , and
July 28, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Social sciences
Characteristics
Provides grantsConducts researchPartially liquidatedNational levelTax deductible donations
General information
- Address
- 555 Bryant St 374
- Palo Alto, CA 94301
- Metro area
- San Jose-Sunnyvale-Santa Clara, CA
- County
- Santa Clara County, CA
- Phone
- (650) 461-8088
IRS details
- EIN
- 46-3460261
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 2014
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T21: Corporate foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current - In Process
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0199889
- FTB Entity ID
- 3596182
- AB 488 data last updated ("as-of") date
- 2024-12-04
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