Chan Zuckerberg Initiative Foundation
- Assets
- $5.5b
- Revenue
- $130.9m
- Investments
- $3.0b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 08/2012
- Data as of
- 12/2019
- EIN
- 45-5002209
Organization Overview
Chan Zuckerberg Initiative Foundation is located in Palo Alto, CA. The organization was established in 2012. 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.
For the year ending 12/2019, Chan Zuckerberg Initiative Foundation generated $130.9m in total revenue. All expenses for the organization totaled $202.1m during the year ending 12/2019. While expenses have increased by 2134.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Chan Zuckerberg Initiative Foundation has awarded 121 individual grants totaling $472,868,030. 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.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Munger Tolles & Olson Llp | 12/30/19 | $303,164 |
Apercen Partners Llc | 12/30/19 | $175,260 |
Moss Adams Llp | 12/30/19 | $52,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,482,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,862,371 |
| Capital Gain Net Income | $1,373,289,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,523,000 |
| Total Revenue | $130,867,530 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $310 |
| Total operating and administrative expenses | $673,154 |
| Contributions, gifts, grants paid | $201,377,124 |
| Total expenses and disbursements | $202,050,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,483,435,216 |
| 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 | $1,806,767,429 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,087,071 |
| Total assets | $5,513,014,582 |
| Accounts payable and accrued expenses | $308,587 |
| Grants payable | $114,214,284 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $22,054,000 |
| Total liabilities | $136,576,871 |
Grants Awarded
Over the last fiscal year, Chan Zuckerberg Initiative Foundation has awarded $237,774,300 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: MEDICAL RESEARCH | $54,425,000 |
Walnut, CA PURPOSE: DEVELOP & IMPLEMENT SUMMIT LEARNING PROGRAM | $38,000,000 |
Oakland, CA PURPOSE: MATH EXECUTIVE FUNCTION PROJECT | $19,000,000 |
East Palo Alto, CA PURPOSE: INTEGRATED HEALTH AND ED SCHOOL MODEL | $15,599,562 |
Oakland, CA PURPOSE: IMPROVE PUBLIC EDUCATION | $10,000,000 |
Cambridge, MA PURPOSE: SCHOOL OF ED PERSONALIZED LEARNING PROJECT | $6,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David And Lucile Packard Foundation Los Altos, CA | $7,969,450,311 | $583,512,886 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $7,171,712,288 | $420,429,327 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $5,513,014,582 | $130,867,530 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $216,107,505 | $79,449,712 |
The Heising-Simons Foundation Los Altos, CA | $592,364,420 | $130,276,952 |
The Energy Foundation San Francisco, CA | $101,883,000 | $125,609,558 |
Gerson Bakar Foundation San Francisco, CA | $820,628,561 | $470,431,818 |
Helen And Sanford Diller Family Foundation San Mateo, CA | $0 | $103,100,333 |
Koum Family Foundation Menlo Park, CA | $1,835,620,491 | $59,731,479 |
Knight Foundation Beaverton, OR | $2,272,552,214 | $887,142,889 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $585,768,391 | $128,642,441 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,342,598,467 | $238,519,173 |