EIN 46-3460261

The Eric and Wendy Schmidt Fund for Strategic Innovation

IRS 501(c) type
501(c)(3)
Num. employees
44
Year formed
2014
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Eric and Wendy Schmidt Fund for Strategic Innovation is a corporate foundation of Schmidt Futures located in Palo Alto, CA, that primarily funds international strategy fellows to support students engaging in research, travel, event organization, or professional development. The fund aims to increase opportunities for exceptional young people worldwide to serve others and build a community. Last year, it made 184 grants to various grantees, including The Rhodes Trust and others.
Also known as...
Schmidt Philanthropies
Total revenues
$357,883,941
2023
Total expenses
$374,652,875
2023
Total assets
$1,402,995,349
2023
Num. employees
44
2023

Program areas at The Eric and Wendy Schmidt Fund for Strategic Innovation

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.
Rise - a talent program designed to increase opportunity for exceptional young people worldwide to serve others throughout their lives 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 throughout their lives with others that will allow them to improve their own skills and talents to help them serve The public.
International strategy forum (isf) - a program to support The next generation of problem solvers with extraordinary potential in geopolitics, Innovation, and public leadership. Through convenings, mentorship, and more, isf equips rising leaders in technology and international affairs with knowledge, networks, and resources they need to tackle hard global problems.
Previously distributed grants returned to The foundation

Grants made by The Eric and Wendy Schmidt Fund for Strategic Innovation

GranteeGrant descriptionAmount
Convergent ResearchTo Support Convergent Research and Its Focused Research Organizations$15,800,000
Future HouseSupport for Scientific Institute Focused on Accelerating Biological Research Through Machine Learning$9,200,000
Convergent ResearchTo Provide Support for Eve (Everything VS. Everything) Fro.$8,000,000
...and 137 more grants made totalling $143,833,185

Who funds The Eric and Wendy Schmidt Fund for Strategic Innovation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Foundation for Food and Agriculture Research (FFAR)Research$10,000,000
Mastercard Impact FundDiscretionary$2,000,000

Personnel at The Eric and Wendy Schmidt Fund for Strategic Innovation

NameTitleCompensation
Adam MarblestoneChief Executive Officer - CRLLC$140,000
Yll BajraktariChief Executive Officer - SSCSP$579,500
Anastasia K GamickChief Operating Officer - CRLLC$116,667
Gregg GoldmanChief Financial Officer$8,775
Maria PonmakhaChief of Staff$362,700
...and 4 more key personnel

Financials for The Eric and Wendy Schmidt Fund for Strategic Innovation

RevenuesFYE 12/2023
Total grants, contributions, etc.$233,657,535
Investment income and dividends$8,377,076
Net rental income$21,368
Net gain from sale of non-inventory assets$115,329,955
Gross sales of inventory$0
Miscellaneous revenues$498,007
Total revenues$357,883,941

Form 990s for The Eric and Wendy Schmidt Fund for Strategic Innovation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990PFView PDF
2022-122023-11-15990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-15990PFView PDF
...and 6 more Form 990s

Organizations like The Eric and Wendy Schmidt Fund for Strategic Innovation

OrganizationLocationRevenue
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The Tepper FoundationShort Hills, NJ$197,392,418
Sequoia Climate FoundationIrvine, CA$289,249,266
W. K. Kellogg Foundation TrustBattle Creek, MI$396,754,982
The JPB FoundationNew York, NY$323,861,107
Rees-Jones FoundationDallas, TX$106,902,751
VolkswagenStiftungSalt Lake City, UT$482,978,744
Breakthrough Prize FoundationWashington, DC$98,745,658
Wayne and Nan Kocourek FoundationBuffalo Grove, IL$111,313,699
Delaware Atlantis FoundationPennington, NJ$146,683,834
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 foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
Social sciences
Characteristics
Provides grantsConducts researchPartially liquidatedTax 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
FTB status revoked
Not revoked
AG Registration Number
CT0199889
FTB Entity ID
3596182
AB 488 data last updated ("as-of") date
2025-02-05
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