Chan Zuckerberg Initiative Foundation
- Assets
- $7.1b
- Revenue
- $894.1m
- Investments
- $6.7b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-5002209
Organization Overview
Chan Zuckerberg Initiative Foundation is located in Palo Alto, CA. The organization was established in 2012. 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. Chan Zuckerberg Initiative 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 12/2021, Chan Zuckerberg Initiative Foundation generated $894.1m in total revenue. All expenses for the organization totaled $882.4m during the year ending 12/2021. While expenses have increased by 914.4% per year over the past 6 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 2017, Chan Zuckerberg Initiative Foundation has awarded 452 individual grants totaling $1,706,365,852. 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
2021
Describe the Organization's Program Activity:
TO CURE, PREVENT, OR MANAGE ALL DISEASE BY THE END OF THE CENTURY, FOUNDATION PERSONNEL BUILD AND SUPPORT A VARIETY OF TRANSFORMATIVE TECHNOLOGIES IN PARTNERSHIP WITH THE SCIENTIFIC COMMUNITY AND FOSTER INTERDISCIPLINARY RESEARCH COLLABORATIONS. MAJOR AREAS OF THIS WORK INCLUDE IMAGING TECHNOLOGIES CAPABLE OF BETTER OBSERVING BIOLOGICAL PROCESSES; SINGLE-CELL TECHNOLOGIES TO ENABLE SCIENTISTS TO BETTER AND MORE QUICKLY UNDERSTAND HOW DISEASES MANIFEST IN THE BODY; OPEN SOURCE PLATFORMS THAT ACCELERATE THE DETECTION, IDENTIFICATION, AND TRACKING OF INFECTIOUS DISEASE; AND A RESEARCH DISCOVERY TOOL POWERED BY MACHINE LEARNING. THESE ACTIVITIES BEGAN IN APRIL 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Lin As Of 40121 Director | 40 | $308,060 | |
Krunal Patel As Of 40121 Engineering Director | 40 | $303,550 | |
Katja Brose As Of 40121 Program Officer | 40 | $288,633 | |
Tania Simoncelli As Of 40121 Director | 40 | $283,792 | |
Bruce Martin As Of 40121 Engineer | 40 | $278,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iconiq Capital Llc | 12/30/21 | $1,312,500 |
Frost & Sullivan | 12/30/21 | $264,832 |
Pricewaterhousecoopers Llp | 12/30/21 | $410,177 |
Tiledb Inc | 12/30/21 | $200,000 |
Morgan Lewis & Bockius | 12/30/21 | $179,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $362,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,528,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $397,848,379 |
| Capital Gain Net Income | $1,074,678,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $130,181,082 |
| Total Revenue | $894,057,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $22,829,774 |
| Pension plans, employee benefits | $3,300,121 |
| Interest | $0 |
| Taxes | $10,000,000 |
| Depreciation | $0 |
| Occupancy | $5,943 |
| Travel, conferences, and meetings | $32,353 |
| Printing and publications | $0 |
| Other expenses | $167,186 |
| Total operating and administrative expenses | $40,930,471 |
| Contributions, gifts, grants paid | $841,490,044 |
| Total expenses and disbursements | $882,420,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,163,078 |
| Savings and temporary cash investments | $388,320,684 |
| Net Accounts receivable | $1,160,343 |
| 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 | $274,786 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,397,157,139 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $37,618,247 |
| Total assets | $7,102,375,761 |
| Accounts payable and accrued expenses | $5,940,681 |
| Grants payable | $617,337,895 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,000,000 |
| Total liabilities | $649,278,576 |
Grants Awarded
Over the last fiscal year, Chan Zuckerberg Initiative Foundation has awarded $997,602,275 in support to 209 organizations.
| Grant Recipient | Amount |
|---|---|
PRESIDENT AND FELLOWS OF HARVARD COLLEGE PURPOSE: THE KEMPNER INSTITUTE FOR THE STUDY OF NATURAL AND ARTIFICIAL INTELLIGENCE | $500,000,000 |
Washington, DC PURPOSE: CRIMINAL JUSTICE REFORM | $73,125,000 |
San Francisco, CA PURPOSE: MEDICAL RESEARCH | $60,000,000 |
UNIVERSITY OF HAWAII FOUNDATION PURPOSE: OCEAN CONSERVATION AND RESEARCH | $42,000,000 |
Washington, DC PURPOSE: CRIMINAL JUSTICE REFORM | $28,925,000 |
Seattle, WA PURPOSE: CARDIOVASCULAR HEALTH AND INFRASTRUCTURE INITIATIVE | $15,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $7,102,375,761 | $894,057,700 |
David And Lucile Packard Foundation Los Altos, CA | $0 | $658,614,112 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $0 | $528,454,632 |
Gerson Bakar Foundation San Francisco, CA | $2,671,857,395 | $1,929,752,035 |
Carl Victor Page Memorial Foundation Palo Alto, CA | $3,530,742,616 | $1,087,074,441 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ | $496,549,315 | $85,713,153 |
The Heising-Simons Foundation Los Altos, CA | $866,467,309 | $244,878,185 |
Bin Lin And Daisy Liu Family Foundation Fremont, CA | $227,760,848 | $146,668,013 |
Sequoia Climate Fund Irvine, CA | $47,430,446 | $181,073,206 |
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |