Schmidt Family Foundation
| Founded | 2006 |
|---|---|
| Founder | |
| Location |
|
| Website | theschmidtfamilyfoundation |
The Schmidt Family Foundation is a private foundation created in 2006 by Eric Schmidt, the Executive Chairman of Google, and his wife Wendy Schmidt, to address issues pertaining to sustainability and the responsible use of natural resources.
The foundation was established in 2006 by Eric and Wendy Schmidt, with assets valued at $82 million. As of December 31, 2011, the foundation’s assets were valued at $178 million, which included $30.7 million in Google Class A stock.
The foundation is focused on the application of new knowledge and innovation and advancement original research in science, energy, and biosphere sustainability, often in collaboration with other organizations. Its initial specific focus areas are environmental preservation and education.
Since 2006, the Foundation has made grants to organizations, including the Energy Foundation, the California Academy of Sciences, the Regeneration Project, the Columbia Center for Children’s Environmental Health, Green for All, Grist magazine, the Center for Investigative Reporting, the Environmental Media Association, and the Precourt Institute for Energy at Stanford University.
Between 2006 and 2011, it made a five-year grant of $1 million per year to the Natural Resources Defense Council.
It has supported several Schmidt family projects. In 2010, it made a $1 million grant to the Marine Science and Technology Foundation, a private operating foundation founded in 2010 by Eric Schmidt.
The 11th Hour Project was founded by Wendy Schmidt in 2005, and operates as part of the foundation It works to raise awareness about climate change and renewable energy sources, and operates as part of the foundation. The project awards various grants and helped distribute the documentary film An Inconvenient Truth. It also provided initial operating budget for the nonprofit news organization Climate Central.
...
Wikipedia