Rio Vista Foundation is a grantmaking foundation that is primarily funded by Jess Yawitz, co-founder and CEO of NISA Investment Advisors. 12 It funds colleges and environmentalist groups such as Carbon 180, which advocates for public funding of removing carbon from the atmosphere and advocates for regulations to restrict carbon emissions. 134
In 2020, Rio Vista Foundation founded Climate Pathfinders Foundation, also known by the legal name Climate Pathfinder Foundation, LLC. 56 It operates as a grantmaking organization, donating to environmentalist organizations that advocate for government funding of businesses that remove carbon and methane from the atmosphere. 7
Background
Founded in 2016, Rio Vista Foundation is a private foundation that is primarily funded by the Jess Yawitz Revocable Trust. 1 During its first two years in operation, it was exclusively funded by a Missouri-based business named Adams Street 2 LLC, which was formed in 2015 and dissolved in 2019. 89
Rio Vista Foundation does not publicize its work either via website or through media appearances or otherwise. Its grantees include a mixture of environmentalist groups and colleges. 10
Funding
In 2021, Rio Vista Foundation made a total of $1.4 million in grants. This included $200,000 to Carbon 180, $200,000 to WePower, $25,000 to Social Good Fund, $425,000 to Silver Lining, and $200,000 to Clean Air Task Force. 11
Rio Vista Foundation received $2 million in 2016, $5 million in 2017, and $3 million in 2018 from West Adams Street 2 LLC. 12 In 2018, it received $2.3 million, $16.4 million in 2019, $9.5 million in 2020, and $7.6 million from Jess Yawitz Revocable Trust. 13
According to its tax returns, in 2021, Rio Vista Foundation reported $8.9 million in revenue and $1.7 million in expenses for the year, $1.4 million of which were grants paid. 14 It also reported having $56 million in assets. 15
Leadership
Daniel Yawitz is listed on Rio Vista Foundation’s tax returns as its treasurer and secretary. 16 Yawitz began working for the United States Department of Energy in August 2022 as a portfolio strategist in its Office of Clean Energy Demonstrations. He also co-founded and was a director for Climate Pathfinders Foundation from January 2020 to August 2022 and was a launch committee member for Carbon Gap from January 2021 to August 2022. He previously worked in client services for NISA Investment Advisors, an investment firm co-founded by Yawitz’s father, Jess Yawitz. 17218
CORNELL WILL DESIGN, CONDUCT, AND ANALYZE CLIMATE MODEL SIMULATIONS WITH THE GOAL OF MORE SYSTEMATICALLY ASSESSING THE IMPORTANCE OF DIFFERENT PHYSICAL STRATOSPHERIC PROCESSES IN CONTRIBUTING TO OVERALL UNCERTAINTY IN PROJECTING THE EFFECTS OF STRATOSPHERIC AEROSOL INJECTION (SAI); A FORM OF SOLAR GEOENGINEERING. SIMULATIONS WILL BE CONDUCTED WITH THE CLIMATE MODEL CESM(WACCM) DEVELOPED BY NCAR. POTENTIAL SOURCES OF UNCERTAINTY TO BE EXPLORED INCLUDE THE ROLE OF STRATOSPHERIC AEROSOL HEATING, AEROSOL MICROPHYSICAL GROWTH ASSUMPTIONS, AND STRATOSPHERIC TRANSPORT. FUTURE DECISIONS SURROUNDING THE USE OF SAI TO DELIBERATELY COOL THE CLIMATE AND OFFSET SOME OF THE EFFECTS OF CLIMATE CHANGE WILL BE INFLUENCED NOT ONLY BY BEST-ESTIMATE PROJECTIONS OF THE EFFECTS, BUT EQUALLY IMPORTANT BY ASSESSMENTS OF THE CONFIDENCE IN THOSE PROJECTIONS. A SYSTEMATIC ASSESSMENT OF CONFIDENCE IS CURRENTLY LACKING, AND THIS PROJECT WILL LAY ESSENTIAL GROUNDWORK TOWARDS THAT END.
$100,000
2023
River Relief, Inc.
FUND GENERAL OPERATIONS TO FURTHER THE CHARITABLE PURPOSE OF THE TAX EXEMPT RECIPIENT ORGANIZATION
$100,000
2023
The Tower Grove Park Foundation
SUPPORT FOR BUILDING OF NEW BASKETBALL COURTS
$100,000
2022
American Friends of Heriot-Watt University
SCIENTIFIC RESEARCH OF CREATING NOVEL MATERIALS SPECIFICALLY FOR INCREASING OCEAN ALKALINITY