The Eric and Wendy Schmidt Fund for Strategic Innovation
555 Bryant St 374, Palo Alto, CA · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $357,883,941 | $374,652,875 | $1,254,245,225 |
| FY2022 | $126,518,918 | $186,060,464 | $1,044,317,321 |
| FY2021 | $412,161,407 | $78,262,882 | $1,689,116,672 |
| FY2020 | $407,049,107 | $57,808,547 | $1,043,631,882 |
| FY2019 | $128,642,441 | $69,002,690 | $578,141,600 |
| FY2015 | $5,028,961 | $11,468,221 | $297,520,780 |
| FY2014 | $40,388,352 | $15,013,814 | $311,846,108 |
| FY2013 | $293,456,837 | $6,409,398 | $311,372,636 |
Form 990 filings
The returns filed by The Eric and Wendy Schmidt Fund for Strategic Innovation (EIN 46-3460261), including Form 990-PF PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $233,657,535 | 65% |
| Other revenue | $124,226,406 | 35% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in CA. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $301,970,372 |
| FY2022 | $119,929,532 |
| FY2021 | $36,335,916 |
| FY2020 | $37,059,591 |
| FY2019 | $59,377,896 |
| FY2015 | $11,159,367 |
| FY2014 | $12,498,750 |
| FY2013 | $0 |
What the numbers show
- Contributions & grants made up 65% of total revenue in FY2023.
- Net assets covered about 40.2 months of expenses at the end of the reporting year. That puts it in the 33rd percentile among 6903 Philanthropy, Voluntarism & Grantmaking Foundations organizations in CA.
- Total revenue was higher than 99.9% of 7106 Philanthropy, Voluntarism & Grantmaking Foundations organizations in CA.
- Total revenue rose from $293,456,837 in FY2013 to $357,883,941 in FY2023. Revenue increased in 4 and decreased in 3 of 7 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 8 reported years (FY2015, FY2022, FY2023).
- The highest revenue on record here is $412,161,407 in FY2021.
- Net assets grew from $311,372,636 to $1,254,245,225 between FY2013 and FY2023.
- Contributions and grants made up 95% of revenue in FY2013 and 65% in FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | T20 — Philanthropy, Voluntarism & Grantmaking Foundations (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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