Valhalla Foundation

Valhalla Foundation (Valhalla) is a nonprofit foundation located in Woodside, California that focuses on early childhood education, medical research funding, environmental issues, and equity. It collaborates with other nonprofits, its two main partners being The Audacious Project and Blue Meridian Partners. The Valhalla Foundation was founded in 2003 by Intuit co-founder Scott Cook and his spouse Signe Otsby. 1 Valhalla’s operations are supported by Fox Hollow Ventures, Cook and Otsby’s family office, and employees are employed by Fox Hollow Ventures. 2

At-A-Glance

Founded:

2003

Founders:

Scott Cook and Signe Otsby

Executive Director:

Amy Rodde

Location: Woodside, CA View on map
Tax ID: 20-0478828
Most Recent Filing: 2024
Budget (2024): Assets: $527,054,705 Revenue: $14,125,198 Expenses: $123,257,382

Contents

    Activities

    The key areas of focus of the Valhalla Foundation are early childhood development, K-12 education, medical research and talent, environmental issues, and data literacy. The Foundation has noted that early childhood development through age five is its main area of focus. 2 Early childhood development programs include research projects, field-building efforts, and groups providing solutions. 3

    In K-12 education, Valhalla has funded Khan Academy, The City Fund, Owl Ventures, Imagine Learning, Code for America, and KIPP Public Charter Schools. 4 Valhalla Foundation funds medical research and breakthroughs by working on multiple sclerosis, autoimmune diseases, and other medical breakthroughs. 5 Valhalla has mainly funded environmental programs through the Environmental Defense Fund but has worked with other organizations on air quality. 6

    The Valhalla Foundation works with researchers and educators to increase a data literacy divide among students. 7 Valhalla states it has made numerous donations to COVID relief, racial justice issues, and is a proponent of left-wing diversity, equity, and inclusion. 2 In 2021, Valhalla made a multiyear grant to the Center for Policing Equity. 8

    Collaboration

    The Valhalla Foundation partners funding projects with The Audacious Project, a project of the TED Foundation that groups have criticized for funding left-of-center policy goals. 9 Audacious Project programs supported by the Valhalla Foundation include Educate Girls, Waterford Upstart, Living Goods, Last Mile Health, One Acre Fund, and Thorn. 10

    The Valhalla Foundation also lists Blue Meridian Partners as a key partner donating $10 million in 2021. 11 Blue Meridian Partners received notoriety in 2020 after receiving a donation from Mackenzie Scott, listing it as one of the 116 Organizations Driving Change. 12 Other Blue Meridian Partners funders include the Bill and Melinda Gates Foundation, the Druckenmiller Foundation, George Kaiser Family Foundation, JPB Foundation, the William and Flora Hewlett Foundation, the Duke Endowment, and the Charles and Lynn Schusterman Family Philanthropies. 13

    In July 2025, Valhalla Foundation  joined a coalition including the Gates Foundation, Ballmer Group, and Stand Together the to launch NextLadder Ventures, a $1 billion initiative aimed at expanding economic opportunity for low-income Americans. The 15-year effort supports for-profit and nonprofit entrepreneurs and organizations in developing tools to aid those suffering from job loss, housing instability, or health crises. Ryan Ripple currently serves as the CEO of NextLadder Ventures, previously serving as the founding director of U.S. economic mobility and opportunity at the Gates Foundation. In order to aid in this development, NextLadder ventures will employ Artificial Intelligence tools developed by Anthropic AI. 14

    Finances

    In 2021, the Valhalla Foundation had net assets of $839,554,681. 15 According to the organization’s tax returns, in 2021 Valhalla Foundation recorded $50,541,806 in revenue and $103,655,046 in expenses. 15 In 2020, the Foundation had $465,139,878 in revenue and $116,508,931 in expenses. 16

    Leadership

    Scott Cook and his spouse Signe Otsby are the founders and sole trustees of the Valhalla Foundation. 17 Cook is a co-founder of the Intuit corporation. 2 Cook and Otsby have given at least $700 million to philanthropy groups through personal donations and the Valhalla Foundation, signing the Giving Pledge to donate a majority of their wealth to philanthropy. 18

    Amy Rodde has been executive director of the Valhalla Foundation since 2019. 19 Previously, Rodde was a partner at The Bridgespan Group. 20 She also has previously worked for Education for Change, NewSchools Venture Fund, and Bain and Company. 20

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $527,054,705 $14,125,198 $123,257,382 View
    2023 $602,326,886 $16,134,902 $133,120,208 View
    2022 $638,333,924 $12,933,665 $89,926,403 View
    2021 $839,554,681 $50,541,806 $103,655,046 View
    2020 $798,059,895 $465,139,878 $116,508,931 View

    Prior year filings: 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $250
    • Number of Grants: 1
    • Number of Funders: 1

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $2502022 The Carmelo 3 FoundationCHARITABLE

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $547,892,915
    • Number of Grants: 538
    • Number of Recipients: 217

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $11,000,0002023 ENVIRONMENTAL DEFENSE FUNDMETHANE, AGRICULTURE, AND CLEAN AIR INITIATIVES
    $10,566,5002022 University of California San Francisco FoundationMEDICAL RESEARCH INITIATIVES
    $10,500,0002022 ENVIRONMENTAL DEFENSE FUNDENVIRONMENTAL RESEARCH INITIATIVES
    $10,000,0002024 Blue Meridian PartnersCOLLABORATIVE PHILANTHROPY INITIATIVE
    $10,000,0002024 Rand CorporationPROJECT CANARY, AN ARTIFICIAL INTELLIGENCE SAFETY INITIATIVE
    $10,000,0002023 Blue Meridian PartnersCOLLABORATIVE PHILANTHROPY INITIATIVE
    $10,000,0002022 Blue Meridian PartnersCOLLABORATIVE PHILANTHROPY INITIATIVE
    $10,000,0002021 Blue Meridian PartnersCOLLABORATIVE PHILANTHROPY INITIATIVE
    $8,500,0002024 ENVIRONMENTAL DEFENSE FUNDMETHANE, AGRICULTURE, AND CLEAN AIR INITIATIVES
    $8,333,3342024 City FundSCALING HIGH QUALITY PUBLIC SCHOOLS
    $8,333,3332023 City FundSCALING HIGH QUALITY PUBLIC SCHOOLS
    $8,333,3332022 City FundSCALING HIGH QUALITY PUBLIC SCHOOLS
    $7,299,8432023 Waterford InstituteSCALING KINDERGARTEN READINESS PROGRAMS
    $7,000,0002024 Charter FundSCALING HIGH QUALITY PUBLIC SCHOOLS
    $7,000,0002023 Charter FundSCALING HIGH QUALITY PUBLIC SCHOOLS
    $6,914,7002021 Ucsf Foundation Macwilliam 1997 UNITR Ua 022897MEDICAL RESEARCH INITIATIVES
    $6,756,0002023 Ucsf Foundation Macwilliam 1997 UNITR Ua 022897MEDICAL RESEARCH INITIATIVES
    $6,500,0002024 Windward FundMETHANE INITIATIVES
    $6,494,7002020 University of California San Francisco FoundationMEDICAL RESEARCH INITIATIVES
    $6,000,0002024 KIPP FoundationSCALING HIGH QUALITY PUBLIC SCHOOLS
    $6,000,0002023 KIPP FoundationSCALING HIGH QUALITY PUBLIC SCHOOLS
    $5,000,0002024 Avina Americas IncMAPBIOMAS
    $5,000,0002020 Blue Meridian PartnersCOLLABORATIVE PHILANTHROPY INITIATIVE
    $4,709,0002024 Ucsf Foundation Macwilliam 1997 UNITR Ua 022897MEDICAL RESEARCH INITIATIVES
    $4,000,0002024 Rockefeller Philanthropy Advisors, Inc.PLATFORM FOR AGRICULTURE AND CLIMATE TRANSFORMATION

    References

    1. “The Valhalla Charitable Foundation Overview.” Pitchbook. Accessed January 27, 2023. https://pitchbook.com/profiles/limited-partner/53197-48#overview; “Overview.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/wp-content/uploads/2022/05/Valhalla_Director.pdf
    2. “Overview.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/wp-content/uploads/2022/05/Valhalla_Director.pdf
    3. “Early Childhood Development.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/early-childhood-development/.
    4. “K-12 Education.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/k12-education/.
    5. “Medical Research and Talent.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/medical-research/.
    6. “Environmental Innovation.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/environmental-innovation/.
    7. “Data Literacy.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/data-literacy/
    8. “Valhalla Foundation Has Made A Multi-Year Grant Committing to the Center for Policing Equity.” Valhalla Foundation. April 19, 2021. Accessed January 27, 2023. https://valhalla.org/2021/04/19/valhalla-foundation-has-made-a-multi-year-grant-commitment-to-the-center-for-policing-equity/.
    9. “Collaborative Philanthropy.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/collaborative-philanthropy/; “About.” The Audacious Project. Accessed January 27, 2023. https://www.audaciousproject.org/about; “The Audacious Project.” Influence Watch. Accessed January 27, 2023. https://www.influencewatch.org/organization/the-audacious-project/.
    10. “Collaborative Philanthropy.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/collaborative-philanthropy/
    11. “Collaborative Philanthropy.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/collaborative-philanthropy/; Valhalla Foundation, Return of a Nonprofit Foundation (Form 990-PF), 2021.
    12. Scott, Mackenzie. “116 Organizations Driving Change. Medium. July 28, 2020. Accessed January 27, 2023. https://mackenzie-scott.medium.com/116-organizations-driving-change-67354c6d733d.
    13. “Our Partners.” Blue Meridian Partners. Accessed January 27, 2023. https://www.bluemeridian.org/our-partners/.
    14. “National Philanthropies Join Forces to Advance Economic Mobility and Access to Opportunity in America.” Gates Foundation, July 17, 2025. https://www.gatesfoundation.org/ideas/media-center/press-releases/2025/07/nextladder-ventures-economic-mobility.
    15. Valhalla Foundation, Return of a Nonprofit Foundation (Form 990-PF), 2021.
    16. Valhalla Foundation, Return of a Nonprofit Foundation (Form 990-PF), 2020.
    17. “Overview.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/wp-content/uploads/2022/05/Valhalla_Director.pdf; “Trustees.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/people/.
    18. “Trustees.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/people/.
    19. “Amy Rodde.” LinkedIn. Accessed January 27, 2023. https://www.linkedin.com/in/amy-rodde-2951b3/; “Staff.” Valhalla Foundation. Accessed January 27, 2023. https://valhalla.org/people/.
    20. “Amy Rodde.” LinkedIn. Accessed January 27, 2023. https://www.linkedin.com/in/amy-rodde-2951b3/.