Non-profit

Schmidt Family Foundation

Website:

tsffoundation.org

Location:

CHICAGO, IL

Tax ID:

13-6808881

Tax-Exempt Status:

501(c)(3)-PF

Budget (2014):

Revenue: $3,741,745
Expenses: $3,989,249
Assets: $40,587,239

Formation:

2006

Founders:

Eric Schmidt

Wendy Schmidt

President:

Joe Sciortino

Former Google CEO Eric Schmidt and his wife, Wendy Schmidt, established the Schmidt Family Foundation in 2006. The foundation, based in Palo Alto, California, was created as a 501(c)(3) exempt private foundation. The foundation’s mission is “to advance the wiser use of energy and natural resources and to support efforts worldwide that empower communities to build resilient systems for food, water, and human resources.”[1]

At the end of 2014, the foundation’s assets were $399 million, with over $24.3 million in grants awarded that year.[2]

Founding

Eric and Wendy Schmidt established the Schmidt Family Foundation in 2006 in Palo Alto, California. Eric Schmidt is the executive chairman and former CEO of Google.[3] The foundation supports projects that help “transform the world’s environmental and energy practices in the 21st century.” More broadly, the foundation’s mission is to foster a positive relationship between human activity and the use of natural resources.[4]

Overview

The Schmidt Family Foundation’s giving priorities fall under three key areas. All of these interests are housed and carried out underneath the foundation’s 11th Hour Project program.[5] They are:

  • Renewable Energy and Climate: The program focuses on reducing reliance on fossil fuels and adopting renewable energy sources. This also includes the restoration and future preservation of landmarks, using new technology, and growing awareness about the impact of climate change through public education.[6] Example grantees include the Energy Policy Forum, Earthworks, Clean Coalition, Mother Jones, and Resource Media.[7]
  • Human Rights: The program seeks to protect communities’ access to energy, food, and water systems to ensure their survival and is environmentally sustainable in the long-run.[8] The foundation also works to create “global equity.”[9] Example grantees include the Mary Robinson Foundation, New Media Advocacy Project, EarthSpark International, and WITNESS.[10]
  • Ecological Agriculture: The program’s goals include changing animal agriculture and building regional food systems; to encourage these changes, the foundation is involved in long-term movement building, actively encouraging public support for policy change at the local, state, and national level.[11] Example grantees include Real Food Media, Sustainable Agriculture and Food System Funders, Center for Investigative Reporting, Environmental Working Group, and Center for Food Safety.[12]

Board and Key Staff

Wendy Schmidt serves as president of the Schmidt Family Foundation board. Other board members include:[13]

  • Eric and Sophie Schmidt both serve as vice presidents.
  • Henry Chik is the Schmidt Family Foundation’s treasurer.
  • William Arthur is listed as the foundation’s secretary.
  • Amy Rao is director of the Schmidt Family Foundation.

Joe Sciortino is the current executive director of the Schmidt Family Foundation. Amy Rao serves as president of the 11th Hour Project, the Schmidt Family Foundation’s direct charitable education program on its issues.[14]

Affiliations

Wendy Schmidt founded ReMain Nantucket, which preserves and protects historic landmarks of Nantucket, Massachusetts.[15]

Wendy established the Wendy Schmidt Oil Cleanup X Challenge after the Deepwater Horizon oil spill; she and her husband also founded and fund the Schmidt Ocean Institute and the Schmidt Transformative Technology Fund.[16]

Wendy is a founding board member of the climate control and media organization, Climate Central.[17]

References

  1. “About.” Schmidt Family Foundation. Accessed December 28, 2016. http://tsffoundation.org/about/.
  2. Find Grantmakers & Nonprofit Funders | Foundation Directory Online. Accessed December 28, 2016. https://fconline.foundationcenter.org/grantmaker-profile?collection=grantmakers&%3Bkey=SCHM120.
  3. “Schmidt Family Foundation: Grants for the Environment.” Inside Philanthropy. Accessed December 28, 2016. http://www.insidephilanthropy.com/grants-for-conservation/schmidt-family-foundation-grants-for-the-environment.html.
  4. Find Grantmakers & Nonprofit Funders | Foundation Directory Online. Accessed December 28, 2016. https://fconline.foundationcenter.org/grantmaker-profile?collection=grantmakers&%3Bkey=SCHM120.
  5. Project, 11th Hour. “About Us | 11th Hour Project.” About Us | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/about-us.
  6. Project, 11th Hour. “Climate & Energy | 11th Hour Project.” Climate & Energy | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/programs/climate-and-energy.
  7. Project, 11th Hour. “Climate & Energy | 11th Hour Project.” Climate & Energy | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/grantees/program/climate-and-energy.
  8. Project, 11th Hour. “Human Rights | 11th Hour Project.” Human Rights | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/programs/human-rights.
  9. “Schmidt Family Foundation: Grants for the Environment.” Inside Philanthropy. Accessed December 28, 2016. http://www.insidephilanthropy.com/grants-for-conservation/schmidt-family-foundation-grants-for-the-environment.html.
  10. Project, 11th Hour. “Grantees (Human Rights Program) | 11th Hour Project.” Grantees (Human Rights Program) | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/grantees/program/human-rights.
  11. Project, 11th Hour. “Ecological Agriculture | 11th Hour Project.” Ecological Agriculture | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/programs/ecological-agriculture.
  12. Project, 11th Hour. “Grantees (Ecological Agriculture Program) | 11th Hour Project.” Grantees (Ecological Agriculture Program) | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/grantees/program/ecological-agriculture.
  13. Tsffoundation.org. Accessed December 28, 2016. http://tsffoundation.org/wp-content/uploads/2014/04/2011_TSF_Foundation_990_PF.pdf.
  14. Project, 11th Hour. “Team | 11th Hour Project.” Team | 11th Hour Project. Accessed December 28, 2016. http://www.11thhourproject.org/about-us/team.
  15. “Wendy Schmidt | Climate Central.” Wendy Schmidt | Climate Central. Accessed December 28, 2016. http://www.climatecentral.org/what-we-do/people/wendy_schmidt.
  16. “Schmidt Family Foundation: Grants for the Environment.” Inside Philanthropy. Accessed December 28, 2016. http://www.insidephilanthropy.com/grants-for-conservation/schmidt-family-foundation-grants-for-the-environment.html.
  17. “Wendy Schmidt | Climate Central.” Wendy Schmidt | Climate Central. Accessed December 28, 2016. http://www.climatecentral.org/what-we-do/people/wendy_schmidt.

Directors, Employees & Supporters

  1. Eric Schmidt
    Vice President/Director
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: January 1, 1982

  • 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
    2014 Dec Form PF $3,741,745 $3,989,249 $40,587,239 $0 $0 $0 $0 $0 PDF
    2013 Dec Form PF $3,065,779 $2,905,128 $40,821,394 $0 $0 $0 $0 $0 PDF
    2012 Dec Form PF $2,270,764 $8,139,332 $41,169,824 $0 $0 $0 $0 $0 PDF
    2011 Dec Form PF $3,440,438 $2,741,996 $47,176,563 $0 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Schmidt Family Foundation

    10 S DEARBORN
    CHICAGO, IL 60603-2300