Good Ventures Foundation
- Assets
- $3.3b
- Revenue
- $1.2b
- Investments
- $2.7b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 03/2013
- Data as of
- 06/2020
- EIN
- 46-1008520
Good Ventures Foundation Overview
Good Ventures Foundation is located in Palo Alto, CA. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 06/2020, Good Ventures Foundation generated $1.2b in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.6% each year . All expenses for the organization totaled $172.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Good Ventures Foundation has awarded 240 individual grants totaling $348,118,027. 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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Good Ventures Foundation Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Tuna President, Director | 1 | $0 | |
Dustin Moskovitz Secretary, Treasurer, Director | 1 | $0 | |
Divesh Makan Director | 1 | $0 | |
Tom Van Loben Sels Assistant Secretary | 1 | $0 |
Good Ventures Foundation Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold & Porter Kaye Scholer Llp | 6/29/20 | $543,432 |
Asia Research And Engagement Pte Ltd | 6/29/20 | $170,437 |
Parametric Portfolio Associates Llc | 6/29/20 | $503,902 |
Cynthia Schuck Paim | 6/29/20 | $143,502 |
Slc Management | 6/29/20 | $481,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,017,208,584 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,785,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,649,216 |
| Capital Gain Net Income | $1,157,719,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,149,044 |
| Total Revenue | $1,237,792,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,082,951 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,602,226 |
| Total operating and administrative expenses | $19,830,575 |
| Contributions, gifts, grants paid | $152,129,373 |
| Total expenses and disbursements | $171,959,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $593,606,346 |
| 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 | $214,549 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $717,379,496 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,336,254,185 |
| Accounts payable and accrued expenses | $53,222 |
| Grants payable | $51,341,213 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,535,000 |
| Total liabilities | $63,929,435 |
Good Ventures Foundation Grants Awarded
Over the last fiscal year, Good Ventures Foundation has awarded $174,390,442 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
MALARIA CONSORTIUM PURPOSE: WORK ON SEASONAL MALARIA CHEMOPREVENTION PROGRAMS | $33,926,000 |
GEORGETOWN UNIVERSITY PURPOSE: ESTABLISHMENT OF AN ACADEMIC CENTER AT THE EDMUND A WALSH SCHOOL OF FOREIGN SERVICE | $17,000,000 |
Baltimore, MD PURPOSE: WORK ON BIOSECURITY, GLOBAL HEALTH SECURITY AND GLOBAL CATASTROPHIC RISKS POSED BY PATHOGENS | $13,000,000 |
New York, NY PURPOSE: WORK ON VITAMIN A SUPPLEMENTATION | $9,709,000 |
Cincinnati, OH PURPOSE: RESEARCH TO AUGMENT THE NIH-FUNDED INFLUENZA IMPRINT COHORT RESEARCH | $9,105,777 |
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: RESEARCH TO AUGMENT THE IMPRINT INFANT IMMUNOME STUDY | $8,293,676 |
Good Ventures Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The California Endowment Los Angeles, CA | $3,446,801,045 | $280,955,609 |
Conrad N Hilton Foundation Agoura Hills, CA | $4,101,713,350 | $963,893,294 |
Good Ventures Foundation Palo Alto, CA | $3,336,254,185 | $1,237,792,121 |
Sergey Brin Family Foundation San Francisco, CA | $0 | $196,006,742 |
James Irvine Foundation San Francisco, CA | $2,606,961,983 | $106,811,064 |
Columbia Lutheran Charities Astoria, OR | $179,724,242 | $148,283,851 |
Tosa Foundation Portola Valley, CA | $602,851,213 | $74,662,846 |
Scully Memorial Foundation Mill Valley, CA | $0 | $177,202,304 |
Broad Foundation Los Angeles, CA | $1,846,960,427 | $168,915,423 |
Engelstad Fam Foundation Las Vegas, NV | $799,432,969 | $59,109,744 |
S D Bechtel Jr Foundation San Francisco, CA | $67,419,693 | $6,476,129 |
Henry J Kaiser Family Foundation San Francisco, CA | $735,632,115 | $53,799,622 |
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