Nonprofit · EIN 46-3460261
THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION
Tax-exempt · PALO ALTO, CA 94301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $406,766,399 | $313,041,582 | $93,724,817 | $1,589,520,998 | $149,169,506 | $1,440,351,492 |
| December 31, 2023 | 990-PF | $357,883,941 | $374,652,875 | -$16,768,934 | $1,402,995,349 | $148,750,124 | $1,254,245,225 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $255,301,007
- Dividends
- $14,425,862
- Net rental income
- $13,355
- Net gain from sales of assets
- $136,194,653
- Other income
- $831,522
Expenses
- Grants and similar amounts paid
- $228,709,012
- Compensation of officers, directors and key employees
- $1,425,609
- Salaries, compensation and benefits (total)
- $24,143,700
- Disbursements for charitable purposes
- $315,860,401
- Excise tax on investment income
- $5,973,482
Balance sheet and other
- Total assets, start of year
- $1,402,995,349
- Total assets, end of year
- $1,589,520,998
- Total liabilities, end of year
- $149,169,506
- Net assets, end of year
- $1,440,351,492
- Fair market value of assets
- $1,589,520,998
- Qualifying distributions
- $318,839,462
- Net investment income
- $435,651,574
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STUART FELDMAN 555 BRYANT ST 374, PALO ALTO, CA 94301 | PRESIDENT - SCHMIDT SCIENCES | 40 | $683,667 | $21,918 |
| DHAVAL ADJODAH 555 BRYANT ST 374, PALO ALTO, CA 94301 | FELLOW Highest-paid employee | 40 | $475,742 | $23,003 |
| MARK GREAVES 555 BRYANT ST 374, PALO ALTO, CA 94301 | EXECUTIVE DIRECTOR, Highest-paid employee | 40 | $452,088 | $41,203 |
| MICHAEL GABLE 555 BRYANT ST 374, PALO ALTO, CA 94301 | EXECUTIVE VP - SCSP Highest-paid employee | 40 | $418,971 | $14,220 |
| CHARLES GILLER 555 BRYANT ST 374, PALO ALTO, CA 94301 | CHIEF EXECUTIVE OFFICER - AGOG | 40 | $397,500 | $48,266 |
| MARIA ANGELA PONMAKHA 555 BRYANT ST 374, PALO ALTO, CA 94301 | SR VP AND CHIEF OF S Highest-paid employee | 40 | $371,658 | $46,655 |
| VENKATRAMANI BALAJI 555 BRYANT ST 374, PALO ALTO, CA 94301 | DISTINGUISHED FELLOW Highest-paid employee | 40 | $370,297 | $12,800 |
| JOHN REDD 555 BRYANT ST 374, PALO ALTO, CA 94301 | CHIEF EXECUTIVE OFFICER - SILC | 40 | $344,442 | $14,427 |
| ERIC SCHMIDT 555 BRYANT ST 374, PALO ALTO, CA 94301 | PRESIDENT & DIRECTOR | 1 | $0 | $0 |
| WENDY SCHMIDT 555 BRYANT ST 374, PALO ALTO, CA 94301 | DIRECTOR | 1 | $0 | $0 |
| GREGG GOLDMAN 555 BRYANT ST 374, PALO ALTO, CA 94301 | CHIEF FINANCIAL OFFICER (THRU 09/2024) | 0.4 | $0 | $0 |
| MANDY QUACH 555 BRYANT ST 374, PALO ALTO, CA 94301 | TREASURER | 0.5 | $0 | $0 |
| FRANCES BABB 555 BRYANT ST 374, PALO ALTO, CA 94301 | CO-SECRETARY | 0.5 | $0 | $0 |
| COLETTE HAIDER 555 BRYANT ST 374, PALO ALTO, CA 94301 | CO-SECRETARY | 0.5 | $0 | $0 |
| YLL BAJRAKTARI 555 BRYANT ST 374, PALO ALTO, CA 94301 | CHIEF EXECUTIVE OFFICER - SCSP | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL GABLE 555 BRYANT ST 374, PALO ALTO, CA 94301 | EXECUTIVE VP Highest-paid employee | 40 | $463,500 | $14,254 |
| MARIA ANGELA PONMAKHA 555 BRYANT ST 374, PALO ALTO, CA 94301 | VP AND CHIEF OF STAF Highest-paid employee | 40 | $411,500 | $48,039 |
| PAUL MAYKISH 555 BRYANT ST 374, PALO ALTO, CA 94301 | SENIOR ADVISOR Highest-paid employee | 40 | $345,080 | $14,925 |
| TARA MARGARET RIGLER 555 BRYANT ST 374, PALO ALTO, CA 94301 | SR DIRECTOR COMS PUB Highest-paid employee | 40 | $342,525 | $26,840 |
| YLL BAJRAKTARI 555 BRYANT ST 374, PALO ALTO, CA 94301 | CEO - SSCSP (THRU 05/2023) | 40 | $341,718 | $42,844 |
| JOHN REDD 555 BRYANT ST 374, PALO ALTO, CA 94301 | CHIEF EXECUTIVE OFFICER - SILC | 40 | $311,750 | $12,378 |
| JOE WANG 555 BRYANT ST 374, PALO ALTO, CA 94301 | SENIOR POLICY ADVISO Highest-paid employee | 40 | $298,650 | $26,840 |
| CHARLES GILLER 555 BRYANT ST 374, PALO ALTO, CA 94301 | CHIEF EXECUTIVE OFFICER - AGOG | 40 | $156,250 | $13,518 |
| ERIC SCHMIDT 555 BRYANT ST 374, PALO ALTO, CA 94301 | PRESIDENT & DIRECTOR | 1 | $0 | $0 |
| WENDY SCHMIDT 555 BRYANT ST 374, PALO ALTO, CA 94301 | DIRECTOR | 1 | $0 | $0 |
| ERIC BRAVERMAN 555 BRYANT ST 374, PALO ALTO, CA 94301 | DIRECTOR (THRU 08/2023) | 1 | $0 | $0 |
| GREGG GOLDMAN 555 BRYANT ST 374, PALO ALTO, CA 94301 | CHIEF FINANCIAL OFFICER | 0.4 | $0 | $0 |
| MANDY QUACH 555 BRYANT ST 374, PALO ALTO, CA 94301 | TREASURER | 0.5 | $0 | $0 |
| FRANCES BABB 555 BRYANT ST 374, PALO ALTO, CA 94301 | SECRETARY | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 BRYANT ST 374, PALO ALTO, CA 94301-1704
- Signed the 990-PF
- MANDY QUACH, TREASURER
- Phone
- (650) 461-8088
- Return prepared by
- CLARK NUBER PS
California records
California keeps its own records of charities and corporations. Search them by EIN 46-3460261 or by the name THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-3460261
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,589,520,998
- Income (IRS master file)
- $918,204,883
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $406,766,399 | $313,041,582 | $1,589,520,998 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $357,883,941 | $374,652,875 | $1,402,995,349 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3460261).
Questions about THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION
- What is the EIN of THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION?
- The employer identification number (EIN) of THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION is 46-3460261.
- Is THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION?
- The 990-PF for the year ended December 31, 2024 lists 15 people; 8 received compensation from the organization, the highest $683,667 (STUART FELDMAN, PRESIDENT - SCHMIDT SCIENCES).
- How much revenue does THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $406,766,399, expenses of $313,041,582 and total assets of $1,589,520,998 at year end.
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All nonprofits in PALO ALTO · California · Philanthropy, voluntarism and grantmaking foundations