The Schmidt Family Foundation

Organization Overview

The Schmidt Family Foundation is located in Palo Alto, CA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schmidt Family Foundation 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 12/2020, Schmidt Family Foundation generated $171.2m in total revenue. All expenses for the organization totaled $112.6m during the year ending 12/2020. While expenses have increased by 44.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Schmidt Family Foundation has awarded 1,335 individual grants totaling $317,007,289. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

11TH HOUR PROJECT - FUNDED EVENTS AND ACTIVITIES RELATED TO INCREASING EDUCATION AND AWARENESS AROUND CLIMATE CHANGE, RENEWABLE ENERGY, SUSTAINABLE FOOD AND AGRICULTURE, HUMAN RIGHTS AND MARINE TECHNOLOGY


GREENHOUND - FUNCTIONED AS: 1) A BUS DEPOT TO PROMOTE PUBLIC TRANSPORTATION, 2) A TRANSIT AND CULTURAL INFORMATION CENTER, AND 3) THE LOCAL FOOD PANTRY LOCATION


REMAIN NANTUCKET - SPONSORED COMMUNITY EVENTS WITH SOCIAL, CLIMATE AND ENVIRONMENTAL SUSTAINABILITY MESSAGES


MIDDLE C - PROPERTY 100% USED BY NANTUCKET NON-PROFITS - NANTUCKET COMMUNITY MUSIC CENTER AND NANTUCKET ADULT COMMUNITY SCHOOL


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hillspire Llc
$3,975,725
General Atlantic Service Company Lp
$444,963
Geode Capital Management Llc
$297,412
Rally
$184,450
Torulosa Management Llc
$346,921
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $84,324,770
Interest on Savings $1,029
Dividends & Interest $10,101,390
Net Rental Income$107,345
Net Gain on Sale of Assets $76,108,153
Capital Gain Net Income $198,718,105
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $12,505
Total Revenue $171,198,618

Grants Awarded

Over the last fiscal year, The Schmidt Family Foundation has awarded $108,039,995 in support to 487 organizations.

Grant RecipientAmount

HUMAN RIGHTS WATCH INC

PURPOSE: PROTECTING HUMAN RIGHTS

$4,325,000

ELLEN MACARTHUR FOUNDATION

PURPOSE: ADVANCING SUSTAINABLE MATERIALS

$3,400,000

MONTEREY BAY AQUARIUM FOUNDATION

PURPOSE: OCEAN STEWARDSHIP AND RESEARCH

$3,000,000

ALLIANCE FOR OPEN SOCIETY INTERNATIONAL INC

Org PageRecipient Profile

New York, NY

PURPOSE: SUPPORTING HUMANITARIAN RELIEF

$2,500,000

RUDOLF STEINER FOUNDATION

PURPOSE: PROTECTING HUMAN RIGHTS IN AFRICA

$2,467,820

HUMAN RIGHTS WATCH INC

PURPOSE: CAPACITY BUILDING FOR PARTNERS, PROTECTING HUMAN RIGHTS IN AFRICA

$2,225,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Schmidt Family Foundation has recieved totaling $34,115.

Awarding OrganizationAmount
Social And Environmental Entrepreneurs Inc

Calabasas, CA

PURPOSE: RETURN OF UNUSED GRANT FUNDS ADVOCATES FOR COMMUNITY ALTERNA

$34,115
View Grant Recipient Profile

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