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THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION

THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION

Palo Alto, CA, US
501(c)3
EIN
46-3460261
Open for Solicitation
Private Foundation
Family Foundation
Regional Funder
funder logo

THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION

Palo Alto, CA, US
501(c)3
EIN
46-3460261
Open for Solicitation
Private Foundation
Family Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$1,589,520,998

Investments
94%
Cash & Equivalents
4%
Other Assets
<1%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$149,169,506

Grants Payable
77%
Other Liabilities
18%
Payables & Accruals
4%
Deferred Revenue
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$86,907,437
$68,109,813
-22%
Receivables (Non-Related)
$590,501
$4,369,549
+640%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,841,760
$3,163,997
+72%
Investments
$1,312,703,276
$1,497,770,887
+14%
Property, Plant, & Equipment (net)
$295,137
$3,260,802
+1005%
Other Assets
$657,238
$12,845,950
+1855%
Total Assets
$1,402,995,349
$1,589,520,998
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$5,000,673
$6,629,605
+33%
Grants Payable
$130,282,467
$114,923,021
-12%
Deferred Revenue
-
$158,771
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
$1,984
-
-
Related-Party Payables
-
-
-
Other Liabilities
$13,465,000
$27,458,109
+104%
Total Liabilities
$148,750,124
$149,169,506
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$250,000
$4,696,743
+1779%
Unrestricted Net Assets
$1,253,995,225
$1,435,654,749
+14%
Net assets
2023
2024
Change
Net assets
+$1,254,245,225
+$1,440,351,492
+15%
Balance Sheet
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