The Thiel Foundation
- Assets
- $28.6m
- Revenue
- $5.7m
- Investments
- $22.7m
- Employees
- 0
- Location
- West Hollywood, CA
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-3846597
Organization Overview
The Thiel Foundation is located in West Hollywood, CA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thiel 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, Thiel Foundation generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $7.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Thiel Foundation has awarded 831 individual grants totaling $79,527,870. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Thiel Chairman Of The Board | 2 | $0 | |
Matthew Alexander Treasurer/secretary | 1 | $0 | |
Ajay Royan Director | 1 | $0 | |
Sonia Arrison Director | 1 | $0 | |
Jason Camm Director | 1 | $0 | |
Brian Rowen President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Torch Communications Llc | 12/30/22 | $65,873 |
Wheeler Accountants Llp | 12/30/22 | $109,629 |
Breakout Management Llc | 12/30/22 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,210,376 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,432 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$644,151 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,141,458 |
| Total Revenue | $5,743,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $235,109 |
| Pension plans, employee benefits | $20,868 |
| Interest | $0 |
| Taxes | $87 |
| Depreciation | $1,540 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $51,912 |
| Printing and publications | $0 |
| Other expenses | $115,266 |
| Total operating and administrative expenses | $765,586 |
| Contributions, gifts, grants paid | $6,668,150 |
| Total expenses and disbursements | $7,433,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,815,594 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $41,700 |
| 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 | $57,168 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $22,657,986 |
| Net Land, buildings, and equipment | $1,951 |
| Other assets | $7,023 |
| Total assets | $28,591,177 |
| Accounts payable and accrued expenses | $122,474 |
| Grants payable | $3,162,500 |
| 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 | $3,284,974 |
Grants Awarded
Over the last fiscal year, The Thiel Foundation has awarded $6,668,150 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
RAINA JAIN (QUEEN BEE LLC) PURPOSE: FELLOWSHIP:FELLOWSHIP GRANTS | $50,000 |
RACHEL XU PURPOSE: FELLOWSHIP:FELLOWSHIP GRANTS | $50,000 |
GEFFEN AVRAHAM (SKYLINE CELESTIAL INC) PURPOSE: FELLOWSHIP:FELLOWSHIP GRANTS | $50,000 |
MICHAEL LEE PURPOSE: FELLOWSHIP:FELLOWSHIP GRANTS | $50,000 |
NIVRITI KIARA NIRGHIN PURPOSE: FELLOWSHIP:FELLOWSHIP GRANTS | $37,500 |
JOHN CIOCCA PURPOSE: FELLOWSHIP:FELLOWSHIP GRANTS | $50,000 |