Craig Newmark Foundation
- Assets
- $192.1m
- Revenue
- $51.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-5338517
Organization Overview
Craig Newmark Foundation is located in San Francisco, CA. The organization was established in 2016. 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. Craig Newmark 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 12/2022, Craig Newmark Foundation generated $51.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $41.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Craig Newmark Foundation has awarded 220 individual grants totaling $150,871,282. 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 |
|---|---|---|---|
Craig Newmark President | 40 | $0 | |
Mabel Hsu CFO | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edelman | 12/30/20 | $98,869 |
Cmgrp Inc | 12/30/20 | $53,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,600,000 |
| Interest on Savings | $8,276 |
| Dividends & Interest | $2,724,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,332,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,882 |
| Printing and publications | $0 |
| Other expenses | $27,026 |
| Total operating and administrative expenses | $186,266 |
| Contributions, gifts, grants paid | $41,599,500 |
| Total expenses and disbursements | $41,785,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,034,443 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,277 |
| Total assets | $192,052,720 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,000,000 |
Grants Awarded
Over the last fiscal year, Craig Newmark Foundation has awarded $41,599,500 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
VETS IN TECH PURPOSE: GENERAL PURPOSE | $500,000 |
THE ASPEN INSTITUTE PURPOSE: GENERAL PURPOSE | $250,000 |
UNIVERSITY OF SAN FRANCISCO PURPOSE: GENERAL PURPOSE | $600,000 |
BOB WOODRUFF FAMILY FOUNDATION PURPOSE: GENERAL PURPOSE | $2,950,000 |
AI FOR THE PEOPLE PURPOSE: GENERAL PURPOSE | $250,000 |
GIRLS WHO CODE PURPOSE: GENERAL PURPOSE | $200,000 |