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The Eric and Wendy Schmidt Fund for Strategic Innovation

Grantmaking foundation in Palo Alto, California · EIN 46-3460261

Grants itemized on the 990
$290MTax year 2024
Grants made
284Tax year 2024
Total assets
$1.6BLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

SCHMIDT SPECIAL COMPETITIVE STUDIES PROJECT - A PROJECT TO CONDUCT AN ANALYSIS AND MAKE RECOMMENDATIONS TO STRENGTHEN AMERICA'S LONG TERM COMPETITIVENESS FOR A FUTURE WHERE ARTIFICIAL INTELLIGENCE AND OTHER EMERGING TECHNOLOGIES RESHAPE OUR NATIONAL SECURITY, ECONOMY, AND SOCIETY.

Quoted from the foundation's IRS filing.

Giving by year

$23M2018
$29M2019
$37M2020
$36M2021
$100M2022
$200M2023
$290M2024

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
The Rhodes Trust$34M2024
Convergent Research Inc$33M2024
Barack Obama Foundation$20M2024
California Institute of Technology$17M2024
Massachusetts Institute of Technology$14M2024

Amounts are rounded. The full grantee list (284 grants in 2024) is available with a free account.

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Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.