Good Ventures Foundation
- Assets
- $4.0b
- Revenue
- $627.1m
- Investments
- $3.8b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 03/2013
- Data as of
- 06/2022
- 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 06/2022, Good Ventures Foundation generated $627.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $405.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Good Ventures Foundation has awarded 811 individual grants totaling $1,147,642,750. 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 |
|---|---|---|---|
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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parametric Portfolio Associates Llc | 6/29/22 | $708,359 |
Slc Management | 6/29/22 | $591,024 |
Center For Welfare Metrics | 6/29/22 | $231,166 |
Hypermind Llc | 6/29/22 | $332,693 |
Arnold & Porter Kaye Scholer Llp | 6/29/22 | $301,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $170,486,513 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,012,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $198,407,620 |
| Capital Gain Net Income | $512,423,262 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $215,149,671 |
| Total Revenue | $627,055,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,331,851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,540,687 |
| Total operating and administrative expenses | $9,918,127 |
| Contributions, gifts, grants paid | $395,994,068 |
| Total expenses and disbursements | $405,912,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,097 |
| Savings and temporary cash investments | $230,066,524 |
| Net Accounts receivable | $2,037,109 |
| 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 | $454,687 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,211,348,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,000,631,017 |
| Accounts payable and accrued expenses | $182,929 |
| Grants payable | $141,349,637 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,217,000 |
| Total liabilities | $154,749,566 |
Grants Awarded
Over the last fiscal year, Good Ventures Foundation has awarded $469,346,659 in support to 358 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN RESEARCH COLLABORATION FOR HEALTH LIMITED PURPOSE: COMPLETION OF R21 MALARIA VACCINE TRIAL | $472,016 |
1DAY SOONER INC PURPOSE: GENERAL SUPPORT | $2,000,000 |
AI SQUARED PURPOSE: PROJECT ON CREATING A BELIEF AND REASONING DATASET THAT TESTS CONSISTENCY | $500,000 |
AFRICAN UNION DEVELOPMENT AGENCY PURPOSE: GENE DRIVE TECHNOLOGY EDUCATION IN AFRICA | $500,000 |
ALIGNMENT RESEARCH CENTER PURPOSE: GENERAL SUPPORT | $265,000 |
ALIMA USA INC PURPOSE: MALNUTRITION TREATMENT AND PEDIATRIC EMERGENCY TREATMENT IN CHAD | $2,656,024 |