The Eric And Wendy Schmidt Fund For Strategic Innovation

The Eric And Wendy Schmidt Fund For Strategic Innovation Overview

The Eric And Wendy Schmidt Fund For Strategic Innovation is located in Palo Alto, CA. The organization was established in 2014. 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, Eric And Wendy Schmidt Fund For Strategic Innovation generated $128.6m in total revenue. All expenses for the organization totaled $69.0m during the year ending 12/2019. While expenses have increased by 81.9% per year over the past 3 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 2018, Eric And Wendy Schmidt Fund For Strategic Innovation has awarded 184 individual grants totaling $92,091,121. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2019

Describe the Organization's Program Activity:

Part 3 - Line 4a

RISE IS A TALENT PROGRAM DESIGNED TO INCREASE OPPORTUNITY FOR EXCEPTIONAL YOUNG PEOPLE WORLDWIDE TO SERVE OTHERS THROUGHOUT THEIR LIVES AND TO BUILD A COHORT THAT REFLECTS A BROAD RANGE OF EXPERIENCES, BACKGROUNDS, PASSIONS AND TALENTS. THE PROGRAM WILL FOSTER SKILLED TEENAGERS AND AN ENVIRONMENT THAT WILL ENABLE THEM TO LEARN AND SHARE IDEAS THROUGHOUT THEIR LIVES WITH OTHERS THAT WILL ALLOW THEM TO IMPROVE THEIR OWN SKILLS AND TALENTS TO HELP THEM SERVE THE PUBLIC.


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The Eric And Wendy Schmidt Fund For Strategic Innovation Board, Officers & Key Employees

The Eric And Wendy Schmidt Fund For Strategic Innovation Vendors

Vendor Name (Service)Compensation
Hillspire Llc
$273,732
Hillspire Llc
$763,982
Hiltzik Strategies Llc
$129,026
Copperfield Advisory Llc
$180,000
Futures Action Network Llc
$4,142,624
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $106,896,093
Interest on Savings $0
Dividends & Interest $3,102,552
Net Rental Income$0
Net Gain on Sale of Assets $18,628,329
Capital Gain Net Income $26,650,671
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $15,467
Total Revenue $128,642,441

The Eric And Wendy Schmidt Fund For Strategic Innovation Grants Awarded

Over the last fiscal year, The Eric And Wendy Schmidt Fund For Strategic Innovation has awarded $63,345,912 in support to 84 organizations.

Grant RecipientAmount

THE RHODES TRUST

PURPOSE: GENERAL SUPPORT

$25,000,000

THE RHODES TRUST

PURPOSE: SCHMIDT SCIENCE FELLOWSHIP PROGRAM ADMINISTRATION

$4,240,149

THE RHODES TRUST

PURPOSE: AWARDS EARMARKED TO 33 INDIVIDUALS IN THE SCHMIDT SCIENCE FELLOWSHIP PROGRAM

$1,763,267

WORCESTER POLYTECHNIC INSTITUTE

Org PageRecipient Profile

Worcester, MA

PURPOSE: CUSTOMIZING A DIGITAL LEARNING PLATFORM FOR RAPID, LOW-COST RESEARCH

$1,400,000

UNIVERSITY OF CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: INNOVATION FELLOWS: COMPUTATIONAL MEDICINE "NIGHTINGALE" PROJECT PHASE 2

$1,350,000

NATIONAL CENTER FOR HIGHER EDUCATION MANAGEMENT SYSTEMS

Org PageRecipient Profile

Boulder, CO

PURPOSE: DATA IMPLEMENTATION FOR THE AMERICAN DREAM

$1,250,000
View Grant Profile

The Eric And Wendy Schmidt Fund For Strategic Innovation Peer Organizations

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