California · Nonprofit
THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION
THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION (California) receives grants from 4 organizations whose IRS filings report $12,090,000 to it, the largest being FOUNDATION FOR FOOD AND AGRICULTURE RESEARCH ($10,000,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $407M
- Funders on record
- 4
- Grants received
- $12M
- Net assets
- $1.4B
What The Eric and Wendy Schmidt Fund for Strategic Innovation does
Programs
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.
$22,135,881 spentRise - a talent program designed to increase opportunity for exceptional young people worldwide to serve others throughout their lives and to build a cohort that reflects a broad range of experiences, backgrounds, passions and talents. The program will foster skilled teenagers and an environment that will enable them to learn and share ideas throughout their lives with others that will allow them to improve their own skills and talents to help them serve the public.
$7,080,737 spentTgt - the technologists for global change (tgt) program is designed to bring together exceptional technologists from around the world to tackle some of humanity's most pressing challenges. Through fellowships, collaborative projects, and mentorship, tgt empowers innovators to apply cutting-edge science and technology to issues ranging from climate and health to economic opportunity and security. By fostering a community of purpose-driven leaders, tgt helps accelerate solutions that can scale for global impact.
$3,273,333 spentArt initiative - initiating and organizing a not-for-profit international art exhibition with accompanying events.
$1,170,683 spent
The 4 programs described on its FY2024 Form 990-PF.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.1B to $1.7B (+63%).
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $65k → $12M.
1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION leans on a few funders — its largest provides 83% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
83% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION.
Largest funder’s share by year: 2022 100% · 2023 83% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION draws 100% of its grant income from funders outside California, across 3 states in all.
Funder states come from each funder’s own filing. $65k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION has grown faster than three-quarters of the 153 philanthropy nonprofits its size.
this organization peer median middle 50% of peers· 153 philanthropy nonprofits over $100M, FY2024
Organizations like THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Screen this organization
A dated, signed PDF of the compliance screen for THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION?
- THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION (California) receives grants from 4 organizations whose IRS filings report $12,090,000 to it, the largest being FOUNDATION FOR FOOD AND AGRICULTURE RESEARCH ($10,000,000). 0 of them have funded it in more than one year.
- How many funders does THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION have?
- IRS filings report 4 organizations giving $12,090,000 in grants to THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION.
- Who is the largest funder of THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION?
- FOUNDATION FOR FOOD AND AGRICULTURE RESEARCH is the largest funder on record, with $10,000,000 in grants. The full list of funders is on this page.
- How can an organization like THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing