Skoll Foundation
- Assets
- $785.7m
- Revenue
- $53.8m
- Investments
- $734.5m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 11-3659133
Organization Overview
Skoll Foundation is located in Palo Alto, CA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Skoll 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 12/2022, Skoll Foundation generated $53.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (47.9%) each year. All expenses for the organization totaled $159.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Skoll Foundation has awarded 1,254 individual grants totaling $556,129,494. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION PERFORMS ALL STRATEGIC AND PROGRAMMATIC ACTIVITES FOR THE SKOLL FUND, A SUPPORTING ORGANIZATION ASSOCIATED WITH THE SILICON VALLEY COMMUNITY FOUNDATION, INCLUDING GRANTEE SELECTION, GRANT NEGOTIATION AND MANAGEMENT, GRANTEE IMPACT EVALUATION AND ALL OTHER ASPECTS OF GENERATING IMPACT FROM GRANTS DISBURSED BY THE SKOLL FUND.
ACTIVITIES RELATED TO THE PRODUCTION OF THE ANNUAL SKOLL WORLD FORUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gb Demartini III Chair | 1 | $0 | |
Cheryl Dorsey Director | 1 | $0 | |
Debra Dunn Director | 1 | $0 | |
James Mwangi Director | 1 | $0 | |
Lindsey Spindle Director | 1 | $0 | |
Donald Gips Director And CEO | 40 | $839,129 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sustainable Asset Fund | 12/30/22 | $2,197,022 |
Caspian Agency | 12/30/22 | $741,239 |
Empire Entertainment | 12/30/22 | $520,327 |
Technology Impact Fund Ii | 12/30/22 | $392,830 |
Xantrion Inc | 12/30/22 | $346,553 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $101,636 |
| Dividends & Interest | $3,963,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,515,132 |
| Capital Gain Net Income | $89,625,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,247,476 |
| Total Revenue | $53,827,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,194,984 |
| Other employee salaries and wages | $9,733,566 |
| Pension plans, employee benefits | $2,932,949 |
| Interest | $0 |
| Taxes | $3,305,762 |
| Depreciation | $207,373 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,339,203 |
| Printing and publications | $3,656 |
| Other expenses | $3,243,173 |
| Total operating and administrative expenses | $30,832,826 |
| Contributions, gifts, grants paid | $128,434,052 |
| Total expenses and disbursements | $159,266,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,421,394 |
| 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 | $326,512 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $698,143,339 |
| Net Land, buildings, and equipment | $1,548,813 |
| Other assets | $12,869,281 |
| Total assets | $785,671,055 |
| Accounts payable and accrued expenses | $3,771,662 |
| Grants payable | $64,332,486 |
| 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 | $68,104,148 |
Grants Awarded
Over the last fiscal year, Skoll Foundation has awarded $158,556,679 in support to 409 organizations.
| Grant Recipient | Amount |
|---|---|
AYUDANDO LATINOS A SONAR PURPOSE: GENERAL OPERATING SUPPORT | $600 |
ASPEN VALLEY HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AVINA AMERICAS INC PURPOSE: AVINA LOCALLY LED CLIMATE SOLUTIONS HUB | $490,000 |
BOYS & GIRLS CLUB OF THE PENINSULA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
BATONGA FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
B LAB COMPANY PURPOSE: GENERAL OPERATING SUPPORT | $85,000 |