Private Foundation

Schmidt Ocean Institute

Schmidt Ocean Institute, of Palo Alto, CA, is a Private Foundation tracked in Imperigo's IRS 990 database. The 2024 filing shows $9.4M in revenue, $36.9M in expenses, $108.5M in total assets. IRS filings disclose 56 grants awarded by this foundation, totaling roughly $3.2M.

EIN: 264562328 Palo Alto, CA Latest filing: 2024
Total Revenue$9.4M
Total Expenses$36.9M
Total Assets$108.5M
Grants Given56
Grant Total$3.2M
Filing Years2019–2024

Sample Grants Given

The Regents of the University of California
Berkeley, CA · 2024
Seawater measurements to track ocean acidification
$180,000
University of South Florida Foundation Inc
Tampa, FL · 2024
To support university programs that broaden access to the OCEAN STEAM fields and related blue economy workforce
$100,000
Marine Technology Society Inc
Washington, DC · 2024
MATE ROV Competition
$100,000
University Corporation for Atmospheric Research
Boulder, CO · 2024
National Oceans Science Bowl 2024
$99,831
Marine Technology Society Inc
Washington, DC · 2024
MATE ROV 2024 Competition and Championship
$50,000

Showing up to 5 of 56 total records — full history available with membership.

Officers & Directors

DIRECTOR/VICE PRESIDENT Eric Schmidt
SECRETARY Frances Babb
TREASURER/CHIEF FINANCIAL OFFICER John Kelly
EXECUTIVE DIRECTOR Jyotika Virmani
DIRECTOR/PRESIDENT Wendy Schmidt

Officer compensation and complete director data available with membership.

Top Grant Purposes

FALKOR DONATION
$978,122 1 grant
SEAWATER MEASUREMENTS TO TRACK OCEAN ACIDIFICATION
$330,000 3 grants
OCEAN STEM BUILDING DIVERSE LEADERSHIP
$294,728 2 grants
Seawater measurements to track ocean acidification
$180,000 1 grant
NATIONAL OCEAN SCIENCES BOWL
$112,184 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $9.4M $36.9M $108.5M
2023 $78.3M $33.5M $137.3M
2022 $46.9M $21.8M $99.9M
2020 $65.0M $26.8M $69.3M
2019 $17.9M $27.7M $29.4M

Between 2019 and 2024, reported annual revenue declined from $17.9M to $9.4M (-48%), with total assets most recently reported at $108.5M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in CA, CO, DC, FL, HI, MD, and 4 other states.

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Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for Schmidt Ocean Institute

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