Cause IQ organization profile

The Eric and Wendy Schmidt Fund for Strategic Innovation

Form 990s | Financials | Vendors | Personnel | Peers

The Eric and Wendy Schmidt Fund for Strategic Innovation is a private foundation based in Palo Alto, CA that was founded in 2014. As of 2019 they had $37 million in revenue and $448 million in assets.

The Eric and Wendy Schmidt Fund for Strategic Innovation makes grants to other organizations, such as $2,762,159 to Robert R Rhodes Trust for "Schmidt Science Fellowship Program Administration"; $2,000,000 to Monterey Bay Aquarium for "Seafood Watch Program"; $1,666,667 to Doris G Kynett Trust for "Construction of New Hospital Facility"; $1,500,000 to Kqed for "General Support"; and $750,000 to Climate Central for "Bridge Loan for Climate Central's Operational Needs To Carry Out Its Charitable Purposes.".

Previous legal names or variations of their name include: Schmidt Philanthropies.

Fiscal year end:
Revenue trends:
Asset trends:

Form 990s for The Eric and Wendy Schmidt Fund for Strategic Innovation

Fiscal year endingDate received by IRSFormPDF link
2018-12Jan 22, 2020990PFView PDF
2017-12Feb 14, 2019990PFView PDF
2016-12Nov 29, 2017990PFView PDF
2015-12Nov 30, 2016990PFView PDF
2014-12Jul 28, 2015990PFView PDF
...and one more Form 990 PDF

Financials for The Eric and Wendy Schmidt Fund for Strategic Innovation

Total grants, contributions, etc.$25,578,854
Investment income and dividends$4,522,735
Net rental income$0
Net gain from sale of non-inventory assets$7,288,443
Gross sales of inventory$0
Miscellaneous revenues$7,157
Total revenues$37,397,189

Vendors for The Eric and Wendy Schmidt Fund for Strategic Innovation

VendorServicesAmount paidDate
Copperfield Advisory LLCConsulting$67,3502019-02-14
██████████ ███Professional Legal It and Finance Accounting Services; Investment Advisor$807,4482019-02-14
█████ ████Grant Advisory$67,5002019-02-14
██████ █████Grant Advisory$210,0002019-02-14
█████ █████ ██Tax accounting2017-11-29

Personnel at The Eric and Wendy Schmidt Fund for Strategic Innovation

NameTitleCompensationMost recent data
Eric SchmidtPresident and Director$0Nov. 29, 2017
Thomas KalilChief Innovation Officer-Dec. 31, 2017
██████ ███████Chief Scientist-Dec. 31, 2017
█████████ ████████Manager , Strategy and Planning-Dec. 31, 2017
█████ ███████Program Manager-Dec. 31, 2017

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9M. G. and Lillie A Johnson Foundation501(c)(3)$16 millionVictoria, TX
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11Neubauer Family Foundation501(c)(3)$51 millionPhiladelphia, PA
12The Charles and Peggy Stephenson Family Foundation501(c)(3)$15 millionTulsa, OK
13Sidney E Frank Charitable Foundation501(c)(3)$17 millionHarrison, NY
14Carl E Touhey Foundation501(c)(3)$21 millionAlbany, NY
15Coif Charities Investment Fund501(c)(3)$78 millionUnited Kingdom,
16Holland M Ware Charitable Foundation501(c)(3)$12 millionBoise, ID
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22Roy and Patricia Disney Family Foundation501(c)(3)$9.5 millionBurbank, CA
23The Grove Foundation501(c)(3)$51 millionLos Altos, CA
24Price Philanthropies Foundation501(c)(3)$16 millionLa Jolla, CA
25Carl and Roberta Deutsch Foundation501(c)(3)$11 millionSanta Monica, CA