Good Ventures Foundation
- Assets
- $4.4b
- Revenue
- $449.7m
- Investments
- $4.3b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 03/2013
- Data as of
- 06/2021
- EIN
- 46-1008520
Organization 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. Good Ventures Foundation 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 06/2021, Good Ventures Foundation generated $449.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $226.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Good Ventures Foundation has awarded 532 individual grants totaling $749,790,043. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Moskovitz Secretary, Treasurer, Director | 1 | $0 | |
Tom Van Loben Sels Assistant Secretary | 1 | $0 | |
Cari Tuna President, Director | 1 | $0 | |
Divesh Makan Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Slc Management | 6/29/21 | $588,613 |
Rethink Priorities | 6/29/21 | $418,500 |
Arnold & Porter Kaye Scholer Llp | 6/29/21 | $291,226 |
Hypermind Llc | 6/29/21 | $249,944 |
Parametric Portfolio Associates Llc | 6/29/21 | $814,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $269,722,092 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,269,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,036,406 |
| Capital Gain Net Income | $389,985,029 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,655,370 |
| Total Revenue | $449,683,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,974,045 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,148,674 |
| Total operating and administrative expenses | $25,770,025 |
| Contributions, gifts, grants paid | $200,968,871 |
| Total expenses and disbursements | $226,738,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,437,204 |
| 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 | $1,297,802 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,697,443,431 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,383,621,636 |
| Accounts payable and accrued expenses | $98,581 |
| Grants payable | $85,646,580 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,728,000 |
| Total liabilities | $104,473,161 |
Grants Awarded
Over the last fiscal year, Good Ventures Foundation has awarded $227,281,574 in support to 173 organizations.
| Grant Recipient | Amount |
|---|---|
MALARIA CONSORTIUM PURPOSE: LONG-LASTING INSECTICIDAL NET CAMPAIGNS IN NIGERIA | $18,259,171 |
Washington, DC PURPOSE: ESTABLISHMENT OF AN ACADEMIC CENTER AT THE EDMUND A WALSH SCHOOL OF FOREIGN SERVICE | $15,000,000 |
MALARIA CONSORTIUM PURPOSE: SEASONAL MALARIA CHEMOPREVENTION PROGRAMS | $13,538,379 |
MALARIA CONSORTIUM PURPOSE: SEASONAL MALARIA CHEMOPREVENTION PROGRAMS | $13,538,379 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: CENTER FOR HUMAN-COMPATIBLE ARTIFICIAL INTELLIGENCE | $11,355,246 |
MALARIA CONSORTIUM PURPOSE: SEASONAL MALARIA CHEMOPREVENTION PROGRAMS | $10,971,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crankstart Foundation San Francisco, CA | $5,105,990,197 | $480,695,638 |
Conrad N Hilton Foundation Westlake Village, CA | $7,732,630,405 | $2,481,413,875 |
Good Ventures Foundation Palo Alto, CA | $4,383,621,636 | $449,683,738 |
The California Endowment Los Angeles, CA | $0 | $280,955,609 |
Sergey Brin Family Foundation San Francisco, CA | $4,934,252,269 | $912,518,052 |
James Irvine Foundation San Francisco, CA | $4,085,262,775 | $499,578,433 |
Columbia Lutheran Charities Astoria, OR | $246,096,987 | $180,771,261 |
Skoll Foundation Palo Alto, CA | $1,166,571,958 | $379,652,535 |
Broad Foundation Los Angeles, CA | $2,410,166,174 | $240,915,854 |
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |