Funder DirectoryTHE ERIC AND WENDY SCHMIDT FUND FOR
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Private foundation (trust)EIN 463460261Est. 2014-09

THE ERIC AND WENDY SCHMIDT FUND FOR

PALO ALTO, CA 94301

Total Assets

$1.4B

FY 2023

Annual Giving

$195.3M

FY 2023

Grants Made

233

FY 2023

Avg Grant

$838K

FY 2023

Grant Range

Typical

Deadlines

Applications

Programs & Activities

Program 1

$15.1M

Schmidt special competitive studies project - 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.

Program 2

$14.3M

Rise - 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.

Program 3

$2.7M

International strategy forum (isf) - a program to support the next generation of problem solvers with extraordinary potential in geopolitics, innovation, and public leadership. Through convenings, mentorship, and more, isf equips rising leaders in technology and international affairs with knowledge, networks, and resources they need to tackle hard global problems.

Program 4

$2.5M

Pearl - a program designed to build, develop, and operate innovative technologies, which will be used to conduct a variety of research and educational activities in the fields of space and astrophysics science. The organization will work to advance space and astrophysics research, discovery, and scientific knowledge and increase sharing of information about the universe.

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2023 filing

Total Revenue

$357.9M

Total Expenses

$374.7M

Qualifying Distributions

$254.7M

Distributable Amount

$54.2M

Min. Investment Return

$58.0M

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Giving Over Time

3 years

Giving over time from 2020 to 2023. Peak $195.3M in 2023. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

500 grants

THE RHODES TRUST
$55.0M
12 grants
CONVERGENT RESEARCH INC
$41.1M
7 grants
CALIFORNIA INSTITUTE OF TECHNOLOGY
$11.5M
10 grants
KYUTAI
$11.0M
1 grant
FUTURE HOUSE INC
$9.2M
1 grant
EUROPEAN ORGANIZATION FOR NUCLEAR RESEARCH (CERN)
$8.5M
1 grant
UNIVERSITY OF READING
$6.9M
3 grants
UNIVERSITY OF CHICAGO
$6.1M
4 grants

Grant Size Distribution

498 grants

<$10K
33
grants
$10–50K
101
grants
$50–250K
144
grants
$250K–1M
148
grants
$1–5M
60
grants
$5M+
12
grants

Geographic Focus

29 states

Massachusetts
$66.4M
32% of total
California
$47.9M
23% of total
New York
$37.0M
18% of total
District of Columbia
$12.6M
6% of total
Illinois
$6.8M
3% of total
Virginia
$4.8M
2% of total
Washington
$3.7M
2% of total
Texas
$3.6M
2% of total
Pennsylvania
$3.6M
2% of total
Maryland
$3.3M
2% of total

+19 more states

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