The Eric And Wendy Schmidt Fund For Strategic Innovation

Organization 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. Eric And Wendy Schmidt Fund For Strategic Innovation 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 12/2021, Eric And Wendy Schmidt Fund For Strategic Innovation generated $412.2m in total revenue. All expenses for the organization totaled $78.3m during the year ending 12/2021. While expenses have increased by 46.8% per year over the past 5 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 400 individual grants totaling $168,650,388. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

RISE IS A TALENT AWARD 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.


SCHMIDT SPECIAL COMPETITIVE STUDIES PROJECT IS A PROJECT TO CONDUCT AN ANALYSIS AND MAKE RECOMMENDATIONS TO STRENGTHEN AMERICA'S LONG TERM COMPETITIVENESS FOR A FUTURE WHERE ARTIFICIAL INTELLIGENCE AND OTHER EMERGING TECHNOLOGIES RESHAPE OUR NATIONAL SECURITY, ECONOMY, AND SOCIETY.


INTERNATIONAL STRATEGY FORUM IS A SERIES OF EDUCATIONAL MEETINGS ARRANGED THROUGHOUT THE YEAR TO BRING A COHORT OF YOUNG INDIVIDUALS FROM DIVERSE FIELDS AND BACKGROUNDS TO DEBATE AND STRATEGIZE ALONGSIDE EXPERTS IN FOREIGN POLICY AND TECHNOLOGY. THE GOAL IS TO BRING TOGETHER EXCEPTIONAL YOUNG STRATEGISTS AND TECHNOLOGISTS WITH EXTRAORDINARY POTENTIAL IN GEOPOLITICS, INNOVATION, AND PUBLIC LEADERSHIP, AND BRIDGE THE GAP BETWEEN POLICYMAKERS AND EXPERTS TO PRESERVE PROGRESS AND SECURITY AMID TECHNOLOGICAL INNOVATION AND A CHANGING WORLD ORDER. THE PURPOSE OF THIS FORUM IS CHARITABLE AND EDUCATIONAL IN THAT THE OBJECTIVE OF THESE CONFERENCES IS TO DEVELOP PROGRAMMATIC CONTENT, PROBLEM SETS, AND PROVIDE MENTORSHIP TO THE PARTICIPANTS.


CONVERGENT RESEARCH IS AN INITIATIVE DESIGNED TO SOLVE GAPS IN THE RESEARCH AND DESIGN ECOSYSTEM BY IDENTIFYING HIGH-IMPACT SCIENTIFIC OR TECHNOLOGICAL RESEARCH AND DEVELOPMENT OPPORTUNITIES, THEN DEFINING AND LAUNCHING THESE PROJECTS AS FOCUSED RESEARCH ORGANIZATIONS (FROS).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hillspire Llc
$2,353,580
High Resolves America
$695,000
Mischiefnofixedaddress Inc
$2,261,099
Futures Action Network Llc
$11,036,128
Hr&a Advisors
$596,000
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $359,463,607
Interest on Savings $0
Dividends & Interest $4,755,180
Net Rental Income$0
Net Gain on Sale of Assets $47,936,723
Capital Gain Net Income $90,251,239
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $5,897
Total Revenue $412,161,407

Grants Awarded

Over the last fiscal year, The Eric And Wendy Schmidt Fund For Strategic Innovation has awarded $37,462,623 in support to 112 organizations.

Grant RecipientAmount

ROCKEFELLER PHILANTHROPY ADVISORS INC

Org PageRecipient Profile

New York, NY

PURPOSE: SUPPORT FOR THE REIMAGINE K-12 EMERGENCY FUND

$5,000,000

THE RHODES TRUST

PURPOSE: AWARDS EARMARKED TO 56 INDIVIDUALS IN THE SCHMIDT SCIENCE FELLOWSHIP PROGRAM

$3,590,387

THE RHODES TRUST

PURPOSE: SCHMIDT SCIENCE FELLOWSHIP PROGRAM ADMINISTRATION

$3,496,912

Washington, DC

PURPOSE: AMERICA'S FRONTIER FUND PROJECT

$3,000,000

CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE

PURPOSE: SUPPORT FOR THE SCALE-AWARE SEA ICE PROJECT (SASIP) (VESRI) PROJECT

$2,669,155

THE RHODES TRUST

PURPOSE: RISE, AN INITIATIVE OF SCHMIDT FUTURES AND THE RHODES TRUST

$1,346,283
View Grant Profile

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