#437 of 500 · Foundation / Grantmaker / DAF

The Eric And Wendy Schmidt Fund For Strategic Innovation

EIN 46-3460261 · CA · NTEE T20 · Form 990-PF, fiscal 2023

A private foundation based in California, established by former Google chairman Eric Schmidt and Wendy Schmidt. It funds science, technology, and talent-development initiatives, operating programmatically through Schmidt Sciences (formerly Schmidt Futures, rebranded 2024). It supports scientific research, fellowships, and infrastructure through competitive solicitations and invitation, rather than accepting unsolicited proposals.

Financials, fiscal 2023

Revenue

$357.9M

Expenses

$374.7M

Total assets

$1.40B

Net assets

$1.25B

Operating margin

-4.7%

1-year growth

182.9%

5-year growth (CAGR)

29.1%

Reserve (years of spending)

40.2

Contributions share

65.3%

Programme spending

n/a

Fundraising cost

n/a

Executive pay share

0.22%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

9

NFP Health Score: 79 / 100

Financial 71 · Governance 85 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To identify, develop, and support global talent working in service of others.

Revenue history