Akamai Foundation Inc
- Assets
- $72.2m
- Revenue
- $6.9m
- Investments
- $67.7m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 03/2002
- Data as of
- 12/2021
- EIN
- 04-3530777
Organization Overview
Akamai Foundation Inc is located in Cambridge, MA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akamai Foundation Inc 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 12/2021, Akamai Foundation Inc generated $6.9m in total revenue. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 37.4% per year over the past 5 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 2016, Akamai Foundation Inc has awarded 249 individual grants totaling $5,836,086. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANNY LEWIN COMMUNITY CARE DAYS: AKAMAI EMPLOYEES WORK TOGETHER TO HONOR AND CELEBRATE CO-FOUNDER DANNY LEWIN'S SPIRIT BY GIVING BACK TO LOCAL COMMUNITIES AROUND THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Conrades Dir | 1 | $0 | |
Natalie Billingham Dir | 1 | $0 | |
James Hammons Sec | 1 | $0 | |
F Thomson Leighton Dir | 1 | $0 | |
Prasad Mandava Dir | 1 | $0 | |
Liz Borowsky Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/21 | $228,365 |
Collective Next Llc | 12/30/21 | $197,847 |
Foundation Source | 12/30/21 | $102,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,718 |
| Dividends & Interest | $1,190,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,727,992 |
| Capital Gain Net Income | $5,727,992 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,921,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67,986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,749 |
| Printing and publications | $0 |
| Other expenses | $125,759 |
| Total operating and administrative expenses | $650,496 |
| Contributions, gifts, grants paid | $1,780,154 |
| Total expenses and disbursements | $2,430,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,571,004 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $72,228,611 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Akamai Foundation Inc has awarded $1,780,154 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: AKAMAI FOUNDATION A2M4TECH FUND | $250,000 |
New York, NY PURPOSE: SUMMER IMMERSION PROGRAM- UK AND CAMBRIDGE, MA | $150,000 |
Wellesley, MA PURPOSE: INDIA AND COMPASSION FUND MATCHES, GIVE2ASIA AND CREDIT CARD FEES FUND | $133,000 |
New York, NY PURPOSE: VACCINATION EFFORTS IN INDIA | $125,000 |
FUNDACJA UNIWERSYTET DZIECI PURPOSE: EXPENDITURE RESPONSIBILITY GRANT | $50,000 |
Oakland, CA PURPOSE: INTENSIVE IMMERSION PROGRAM, CATALYST PROGRAMS, AND COMMUNITY PARTNERS PROGRAMMING | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |