The Synopsys Foundation
- Assets
- $8.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 77-0488629
Organization Overview
The Synopsys Foundation is located in Wilmington, DE. The organization was established in 1999. 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. Synopsys 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, Synopsys Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 7 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, Synopsys Foundation has awarded 61 individual grants totaling $20,689,311. 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 |
|---|---|---|---|
Celio Domingos Lemos Albuquerque Dir | 0.5 | $0 | |
Aart Jan DE Geus Dir | 0.5 | $0 | |
Erin Guzman Chief Operating Officer, Pres | 5 | $0 | |
Deirdre Hanford Dir, Chair | 0.5 | $0 | |
Sudhindra Kankanwadi Chief Financial Officer, Treas | 1 | $0 | |
Meng-Che Robert Li Dir | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $29,662 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,029,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,590 |
| Total operating and administrative expenses | $143,253 |
| Contributions, gifts, grants paid | $4,010,986 |
| Total expenses and disbursements | $4,154,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,268,232 |
| 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 | $8,268,232 |
| 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, The Synopsys Foundation has awarded $4,010,986 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AGASTYA USA PURPOSE: GENERAL & UNRESTRICTED | $141,492 |
AMERICAN ONLINE GIVING FOUNDATION INC PURPOSE: SYNOPSYS AOGF FLOAT FUND | $300,000 |
AMERICAN ONLINE GIVING FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $800,000 |
BEAVERTON EDUCATION FOUNDATION PURPOSE: ADVANCING TRADITIONAL ECOLOGICAL KNOWLEDGE IN BEAVERTON SCHOOLS PROGRAM | $15,000 |
BEAVERTON EDUCATION FOUNDATION PURPOSE: THE PATTERN CHEMISTRY TRAVELING LIBRARY PROGRAM | $15,000 |
CAREERVILLAGE INC PURPOSE: VIRTUAL VOLUNTEER PROGRAM WITH CAREERVILLAGE | $20,000 |