Akamai Foundation Inc
- Assets
- $64.1m
- Revenue
- -$293.2k
- Investments
- $62.4m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 04-3530777
Organization Overview
Akamai Foundation Inc is located in Cambridge, MA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akamai Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Akamai Foundation Inc has awarded 463 individual grants totaling $11,402,462. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANNY LEWIN COMMUNITY CARE DAYS: AKAMAI EMPLOYEES WORK TOGETHER TO HONOR AND CELEBRATE CO-FOUNDER DANNY LEWIN'S SPIRIT BY GIVING BACK TO LOCAL COMMUNITIES AROUND THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Billingham Dir | 1 | $0 | |
George Conrades Dir | 1 | $0 | |
Kara Digiacomo Assistant Sec | 1 | $0 | |
James Kretchmar Dir | 1 | $0 | |
F Thomson Leighton Dir | 1 | $0 | |
Prasad Mandava Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collective Next Llc | 12/30/23 | $142,980 |
Morgan Stanley | 12/30/23 | $133,980 |
The Philanthropic Initiative | 12/30/23 | $97,569 |
Foundation Source | 12/30/23 | $96,500 |
Wespire | 12/30/23 | $85,113 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,640 |
| Interest on Savings | $84,490 |
| Dividends & Interest | $1,375,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,761,119 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,998 |
| Total Revenue | -$293,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $212,787 |
| Pension plans, employee benefits | $76,677 |
| Interest | $0 |
| Taxes | $19,713 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174,960 |
| Total operating and administrative expenses | $952,983 |
| Contributions, gifts, grants paid | $2,875,968 |
| Total expenses and disbursements | $3,828,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,660,017 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,061,737 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Akamai Foundation Inc has awarded $2,875,968 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
9 11 DAY PURPOSE: 9/11 DAY -2023 MEAL PACK FUND | $2,000 |
AKSHAYA PATRA FOUNDATION USA PURPOSE: MID-DAY MEAL PROGRAM | $4,000 |
AMERICA GIVES INC PURPOSE: ISRAELI CHILDREN'S FUND- STEM EDUCATION | $35,000 |
AMERICAN FRIENDS OF NATAL INC PURPOSE: ISRAEL RESPONSE FUND | $83,334 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: AFMDA ISRAEL HUMANITARIAN AID / ISRAEL EMERGENCY FUND FOR MDA ISRAEL | $83,333 |
ASCEND FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |