Draper Foundation
- Assets
- $195.1m
- Revenue
- $78.3m
- Investments
- $143.6m
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 94-3256415
Organization Overview
Draper Foundation is located in San Mateo, CA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Draper 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, Draper Foundation generated $78.3m in total revenue. All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 17.2% 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 2014, Draper Foundation has awarded 392 individual grants totaling $28,404,476. 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 |
|---|---|---|---|
Timothy Draper President | 1 | $0 | |
Desiree Omran CFO | 1 | $0 | |
William H Draper III Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,041,875 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,067,879 |
| Capital Gain Net Income | $8,137,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,202,755 |
| Total Revenue | $78,341,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21,059 |
| Taxes | $185,225 |
| Depreciation | $66,782 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $191,280 |
| Total operating and administrative expenses | $528,835 |
| Contributions, gifts, grants paid | $6,127,134 |
| Total expenses and disbursements | $6,655,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,132,348 |
| 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 | $79,425,797 |
| Net Land, buildings, and equipment | $6,512,563 |
| Other assets | $860,658 |
| Total assets | $195,149,192 |
| Accounts payable and accrued expenses | $4,896 |
| Grants payable | $497,164 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,404,412 |
| Total liabilities | $2,906,472 |
Grants Awarded
Over the last fiscal year, Draper Foundation has awarded $6,127,134 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
Tustin, CA PURPOSE: COMMUNITY OUTREACH | $1,050,000 |
MAKESCHOOLORG PURPOSE: EDUCATION PROGRAM | $1,000,000 |
Menlo Park, CA PURPOSE: COMMUNITY OUTREACH | $1,000,000 |
Oakland, CA PURPOSE: COMMUNITY OUTREACH | $750,000 |
SCHWAB FUND FOR CHARITABLE GIVING PURPOSE: COMMUNITY OUTREACH | $500,000 |
Lehi, UT PURPOSE: COMMUNITY OUTREACH | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |