Non-profit

Good Ventures

Website:

goodventures.org

Location:

MOUNTAIN VIEW, CA

Tax ID:

45-2757586

Tax-Exempt Status:

501(c)(3)

Budget (2017):

Revenue: $26,701,546
Expenses: $188,877,175
Assets: $100,227,237

Formation:

2011

Also see Good Ventures Foundation (Nonprofit)

Good Ventures was a nonprofit organization created by Facebook co-founder Dustin Moskovitz and his wife Cari Tuna in 2011. Good Ventures closed near the end of 2018, but the organization’s philanthropic endeavors continue through affiliate organizations including the Good Ventures Foundation and Good Ventures LLC. [1]

History

Good Ventures was founded in 2011 as a supporting organization of the Silicon Valley Community Foundation, a left-of-center grantmaking organization focused on causes including economic security, education, immigrant integration, and regional planning. [2]

Rather than employing a full-time staff to conduct research and create funding recommendations, Good Ventures partnered with Open Philanthropy,[3] a left-leaning funding organization,[4] to identify giving opportunities. [5] It also partnered with GiveWell, a nonprofit that analyzes and recommends charities to support. [6]

Grants

According to 2017 tax returns, Good Ventures reported over $26 million in total revenue and about $188 million in total expenses, resulting in net assets of just under $100 million. Good Ventures awarded grants to a number of organizations including $300,000 to the Drug Policy Alliance and $250,000 to Project Healthy Children, both for general support. Good Ventures also contributed $172 million to the Silicon Valley Community Foundation, a provider of donor-advised funds notably to left-of-center technology-industry-associated donors. [7]

Good Ventures reported over $177 million and $48 million in total revenue in 2015 and 2016, respectively. In 2016, the organization awarded over $64 million including $150,000 to the Drug Policy Alliance, just under $60 million to the Silicon Valley Community Foundation, over $1.4 million to the Life Sciences Research Foundation, and $1.1 million to Massachusetts General Hospital for research on Alzheimer’s disease. [8]

Leadership

Good Ventures was founded by Facebook co-founder Dustin Moskovitz and Cari Tuna, his then-fiancé, in 2011. Moskovitz co-founded Facebook with Mark Zuckerberg in their Harvard dorm room and served as the company’s first chief technology officer and vice president of engineering. [9] He left the social network company in 2008[10] and eventually co-founded Asana,[11] a workflow software company valued at $1.5 billion in 2018. [12] Moskovitz became the youngest self-made billionaire in 2011. He is worth $13.3 billion as of 2020. [13]

Cari Tuna, Moskovitz’s now-wife, worked as a reporter for the Wall Street Journal before she co-founded Good Ventures and became the president of the Good Ventures Foundation. She earned an undergraduate degree from Yale University in political science. [14]

In 2010, Tuna and Moskovitz became the youngest couple to sign the Giving Pledge, a commitment to give half of their wealth to charity in their lifetime. [15]

References

  1. “Governance.” Good Ventures. Accessed April 23, 2021. https://www.goodventures.org/about-us/governance. ^
  2. “Silicon Valley Community Foundation.” Good Ventures. Accessed April 23, 2021. https://www.goodventures.org/our-portfolio/organizations/silicon-valley-community-foundation. ^
  3. “Grantmaking Approach.” Good Ventures. Accessed May 4, 2021. https://www.goodventures.org/our-portfolio/grantmaking-approach. ^
  4. Open Philanthropy. Accessed May 3, 2021. https://www.openphilanthropy.org/. ^
  5. “Who We Are.” Open Philanthropy, June 9, 2020. https://www.openphilanthropy.org/about/who-we-are. ^
  6. “About GiveWell.” GiveWell. Accessed May 3, 2021. https://www.givewell.org/about. ^
  7. Good Ventures, Return of Organization Exempt from Income Tax (Form 990), 2017 ^
  8. Good Ventures, Return of Organization Exempt from Income Tax (Form 990), 2016 ^
  9. “Asana Leadership.” Asana. Accessed April 23, 2021. https://asana.com/leadership#moskovitz. ^
  10. “Dustin Moskovitz.” Forbes. Forbes Magazine. Accessed April 23, 2021. https://www.forbes.com/profile/dustin-moskovitz/?sh=37e6c9901dd3. ^
  11. “Asana Leadership.” Asana. Accessed April 23, 2021. https://asana.com/leadership#moskovitz. ^
  12. Meisenzahl, Mary. “How Early Facebook Employees Dustin Moskovitz and Justin Rosenstein Founded Billion-Dollar Productivity Software Startup Asana, Which Just Went Public.” Business Insider. Business Insider, September 30, 2020. https://www.businessinsider.com/asana-founders-dustin-moskovitz-justin-rosenstein-lives-careers-2020-2. ^
  13. Meisenzahl, Mary. “How Early Facebook Employees Dustin Moskovitz and Justin Rosenstein Founded Billion-Dollar Productivity Software Startup Asana, Which Just Went Public.” Business Insider. Business Insider, September 30, 2020. https://www.businessinsider.com/asana-founders-dustin-moskovitz-justin-rosenstein-lives-careers-2020-2. ^
  14. “Cari Tuna.” Open Philanthropy. Accessed April 23, 2021. https://www.openphilanthropy.org/about/team/cari-tuna. ^
  15. Eunjung Cha, Ariana. “Cari Tuna and Dustin Moskovitz: Young Silicon Valley Billionaires Pioneer New Approach to Philanthropy.” The Washington Post. WP Company, December 26, 2014. https://www.washingtonpost.com/business/billionaire-couple-give-plenty-to-charity-but-they-do-quite-a-bit-of-homework/2014/12/26/19fae34c-86d6-11e4-b9b7-b8632ae73d25_story.html. ^

Directors, Employees & Supporters

  1. Misti Sangani
    Board Secretary
  2. Emmett Carson
    Board Member
  3. Sarah Valencia
    Board Member
  4. Bert Feuss
    Board Member
  5. Paul Velaski
    Board Treasurer
  6. Cari Tuna
    Co-Founder and President
  7. Divesh Makan
    Board Member
  See an error? Let us know!

Nonprofit Information

  • Accounting Period: October - September
  • Tax Exemption Received: September 1, 2012

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2017 Dec Form 990 $26,701,546 $188,877,175 $100,227,237 $848,372 N $6,075,501 $0 $3,766,175 $0 PDF
    2016 Dec Form 990 $48,827,389 $66,536,451 $263,356,814 $1,392,665 N $38,277,684 $0 $5,815,396 $0 PDF
    2015 Dec Form 990 $177,849,222 $91,549,279 $316,141,903 $45,062,577 N $174,554,408 $0 $4,501,396 $0 PDF
    2014 Dec Form 990 $73,328,799 $35,635,534 $191,003,513 $2,749,942 N $70,468,364 $0 $3,416,393 $0 PDF
    2013 Dec Form 990 $81,126,361 $8,835,036 $148,471,980 $2,206,133 N $80,139,166 $0 $2,083,440 $0 PDF
    2012 Dec Form 990 $79,828,870 $5,731,585 $74,128,134 $13,333 N $79,272,604 $0 $872,817 $0 PDF
    2011 Dec Form 990EZ $185,127 $171,425 $34,420 $20,718 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Good Ventures

    2440 W EL CAMINO REAL STE 300
    MOUNTAIN VIEW, CA 94040-1498