Sequoia Climate Fund
- Assets
- $78.8m
- Revenue
- $289.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- Data as of
- 11/2023
- EIN
- 85-4095972
Organization Overview
Sequoia Climate Fund is located in Irvine, CA. 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. Sequoia Climate Fund 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 11/2023, Sequoia Climate Fund generated $289.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $280.9m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sequoia Climate Fund has awarded 372 individual grants totaling $557,448,143. 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 |
|---|---|---|---|
C Frederick Taylor Director, Chair | 1 | $0 | |
Jennifer Reynoso Director, Secretary | 1 | $0 | |
Christie Ulman President | 40 | $648,167 | |
Gilbert Ching Treasurer, Dir. Of Finance And Admin. | 40 | $404,167 | |
Michelle Moersfelder Secretary, General Counsel | 40 | $375,188 | |
Seema Paul Program Director | 40 | $379,971 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Incandescent Llc | 11/29/23 | $610,148 |
Slalom Inc | 11/29/23 | $431,789 |
Identity Holdings Ltd | 11/29/23 | $358,156 |
Dpr Construction | 11/29/23 | $343,013 |
Koya Leadership Partners | 11/29/23 | $278,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $281,000,000 |
| Interest on Savings | $8,249,266 |
| Dividends & Interest | $0 |
| 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 | $289,249,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,664,244 |
| Other employee salaries and wages | $8,877,660 |
| Pension plans, employee benefits | $2,909,492 |
| Interest | $0 |
| Taxes | $127,634 |
| Depreciation | $321,291 |
| Occupancy | $1,387,056 |
| Travel, conferences, and meetings | $2,154,221 |
| Printing and publications | $0 |
| Other expenses | $1,063,182 |
| Total operating and administrative expenses | $23,483,471 |
| Contributions, gifts, grants paid | $257,446,975 |
| Total expenses and disbursements | $280,930,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,641,102 |
| Savings and temporary cash investments | $51,167,497 |
| 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 | $729,038 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,527,392 |
| Other assets | $3,718,949 |
| Total assets | $78,783,978 |
| Accounts payable and accrued expenses | $1,207,463 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,238,858 |
| Total liabilities | $4,446,321 |
Grants Awarded
Over the last fiscal year, Sequoia Climate Fund has awarded $257,446,975 in support to 171 organizations.
| Grant Recipient | Amount |
|---|---|
AGORA THINK TANKS GGMBH PURPOSE: TO ACCELERATE DECARBONIZATION THROUGH GRID RESILIENCE AND TECHNICAL ASSISTANCE | $1,380,000 |
AGORA THINK TANKS GGMBH PURPOSE: TO ENABLE DECARBON- IZATION OF THE POWER SECTOR BY INCREASING SYSTEM FLEXIBILITY AND RESILIENCE | $1,000,000 |
ALLIANCE FOR SUSTAINABLE ENERGY LLC PURPOSE: TO SUPPORT A CLEAN TRANSFORMATION OF THE POWER SECTOR | $1,500,000 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: TO SUPPORT THE PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS WORK ON GREENHOUSE GAS ACCOUNTING | $500,000 |
ALLIANCE FOR THE CLIMATE EMERGENCY INC PURPOSE: TO SUPPORT ENGAGEMENT WITH YOUTH ON CLIMATE CHANGE | $2,000,000 |
AMERICAN FRIENDS OF EDELGIVE FOUNDATION PURPOSE: TO SUPPORT GLOBAL CLIMATE ACTION | $500,000 |