NonprofitsZcash Foundation

Science & Technology

Zcash Foundation

MCLEAN, VA

Total revenue

$3.8M

Total expenses

$8.0M

Net assets

$23.3M

Grants received

EIN

820707962

Tax year

2024

Mission

The Zcash Foundation builds financial privacy infrastructure for the public good, primarily serving users of the Zcash protocol and blockchain.

Programs

4 programs

Protocol & Governance: The Zcash protocol and the open network it powers is valuable, privacy-protecting Internet infrastructure; it should be developed and maintained by an open and diverse community of experts and enthusiasts. It is a tool for financial privacy available to the general public. The Zcash Foundation acts as a steward of the Zcash protocol, providing leadership and supporting its continued maintenance and improvement.

Expenses: $982KGrants: $17K

FROST: FROST (Flexible Round-Optimized Schnorr Threshold) is a cryptographic protocol that enables efficient and secure threshold signing--where only a minimum number of participants are required to generate a valid signature. FROST advances the state of the art in threshold Schnorr signature schemes by significantly reducing network overhead and supporting concurrent signing operations without compromising security. Its novel design includes safeguards against known forgery attacks, making it a robust and flexible tool for modern cryptographic applications. The Zcash Foundation supports the continued development and adoption of FROST as part of its mission to advance privacy-preserving infrastructure.

Expenses: $590K

Research: Technical decisions are best supported by scientific activities, such as rigorous validation, empirical measurement, and continued innovation and refinement. The Zcash Foundation therefore support these activities within our community. All cryptocurrencies, but especially Zcash, rely on cutting-edge contributions from the scientific research community, thus interaction with this community can also help the community stay healthy. We will encourage this scientific research and educate the public regarding the substance and benefits of these scientific developments.

Expenses: $97K

Community: The Zcash Foundation supports the expansion of Zcash into a large and healthy community with diverse stakeholders, held accountable to our user-base in the broadest sense. Our goal is creating tools that help sustain open networks, which enable individuals to protect their privacy on their own terms. Privacy comprises both autonomy and consent, which are essential to human dignity and the healthy continuation of civil society.

Expenses: $526KGrants: $49K

Financials

FY 2024

Revenue

Contributions & grants$4.4M
Program service revenue
Investment income
Other revenue
Total revenue$3.8M

Expenses

Grants paid$4.8M
Salaries & benefits$1.1M
Fundraising
Other expenses$2.1M
Total expenses$8.0M
Total assets$23.4M
Net assets$23.3M

People

8 listed

NameRoleCompensation

Alex Bornstein

Chief Operating Officer

Board

$234K

40 hrs/wk

Jack Gavigan

Executive Director

Board

$202K

40 hrs/wk

Jay Verret

Director

Board

0.5 hrs/wk

Andrew Miller

Chairman/Treasurer

Board

0.5 hrs/wk

Marta Belcher

Director

Board

0.5 hrs/wk

Peter Van Valkenburgh

Director

Board

0.5 hrs/wk

Amber Baldet

Director

Board

0.5 hrs/wk

Danika Delano

Operations Director

Staff

$126K

40 hrs/wk

Independent contractors

CPL GOUVEA LTDA

Cryptography engineer and protocol desig

$241K

Arya Solhi

Core engineer and protocol designer

$173K

Marek Bielik

Cryptography engineer and protocol desig

$163K

Alfredo Garcia

Rust systems engineer and protocol desig

$151K

Livingston LLC

Researcher and cryptographer

$143K

Details

EIN820707962
NTEE codeU99
Subsection03
Ruling date2017-09
Formed2017
Employees21
Volunteers0
ZCASH FOUNDATION — Mission, Financials & Grants Received | Grantivo