Founders Pledge Inc
- Assets
- $13.7m
- Revenue
- $29.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 37-1795297
Organization Overview
Founders Pledge Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Founders Pledge Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Founders Pledge Inc generated $29.2m in total revenue. All expenses for the organization totaled $26.5m during the year ending 12/2021.
Since 2016, Founders Pledge Inc has awarded 231 individual grants totaling $33,301,052. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDERS PLEDGE, INC. IS A NON-PROFIT ORGANIZATION CREATED TO ENCOURAGE AND FACILITATE CHARITABLE GIVING BY ENTREPRENEURS AND INVESTORS. DURING 2021, THE ORGANIZATION GAVE GRANTS TO 94 CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Gram Managing Director | 40 | $152,208 | |
Ashley Neff Growth Manager | 40 | $82,948 | |
Emily Jablonski Community Manager | 40 | $82,604 | |
Erin Arnold Implementation Speci | 40 | $77,687 | |
Anupama Khan Research Advisor | 40 | $73,832 | |
Sabrina Pourmand Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Justworks Employment Group Llc | 12/30/21 | $948,492 |
Michael Rubel | 12/30/21 | $103,018 |
National Philanthropic Trust | 12/30/21 | $151,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,212,931 |
| Interest on Savings | $0 |
| Dividends & Interest | $314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,071 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,209,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,024 |
| Occupancy | $3,389 |
| Travel, conferences, and meetings | $13,734 |
| Printing and publications | $0 |
| Other expenses | $500,395 |
| Total operating and administrative expenses | $1,662,915 |
| Contributions, gifts, grants paid | $24,847,836 |
| Total expenses and disbursements | $26,510,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,218,367 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,804 |
| Net Pledges Receivable | $425,000 |
| 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 | $19,122 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $9,501 |
| Other assets | $456 |
| Total assets | $13,676,250 |
| Accounts payable and accrued expenses | $5,366 |
| 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 | $23,583 |
| Total liabilities | $28,949 |
Grants Awarded
Over the last fiscal year, Founders Pledge Inc has awarded $24,847,836 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRE FOR EFFECTIVE ALTRUISM USA INC (CEA) PURPOSE: SUPPORT OF CENTRE FOR THE GOVERNANCE OF AI; EA INFRASTRUCTURE FUND; LONG-TERM FUTURE FUND | $2,707,000 |
Berkeley, CA PURPOSE: SPARC, THE SUMMER PROGRAM ON APPLIED RATIONALITY AND COGNITION; LIGHTCONE INFRASTRUCTURE; LESSWRONG; GENERAL SUPPORT | $2,682,000 |
Jenkintown, PA PURPOSE: GENERAL SUPPORT | $2,523,179 |
CENTER FOR HUMAN-COMPATIBLE ARTIFICIAL INTELLIGENCE (CHAI) PURPOSE: GENERAL SUPPORT AND GIFT FOR THE WORK OF DR. ANDREW CRITCH | $1,817,000 |
BERKELEY EXISTENTIAL RISK INITIATIVE PURPOSE: CENTRE FOR THE STUDY OF EXISTENTIAL RISK AT CAMBRIDGE UNIVERSITY; MACHINE LEARNING RESEARCH ENGINEER PROGRAM; BERI-CHAI COLLABORATION; SUPPORT OF THE WORK OF ROBERT TRAGER AND JOSLYN BARNHART ON AI GOVERNANCE; THE STANFORD EXISTENTIAL RISKS INITIATIVE; THE FUTURE OF HUMANITY INSTITUTE AT OXFORD UNIVERSITY | $1,596,000 |
REDWOOD RESEARCH PURPOSE: GENERAL SUPPORT | $1,330,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Founders Pledge Inc has recieved totaling $1,765,998.
| Awarding Organization | Amount |
|---|---|
Musk Foundation Austin, TX PURPOSE: SUPPORT CHARITABLE GIVING | $1,000,000 |
Double Up Drive Inc Las Vegas, NV PURPOSE: Charitable Giving | $331,455 |
Sergey Brin Family Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Centre For Effective Altruism Usa Inc San Francisco, CA PURPOSE: Support for philanthropic community | $149,464 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $15,079 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |