Chan Zuckerberg Initiative Foundation
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$1.5B
Total Expenses
$323.0M
Net Assets
$7.0B
Employees
—
Grants Paid
$166.1M
Program Expense Ratio
0.0%
This nonprofit profile presents IRS Form 990-PF tax filing data for Chan Zuckerberg Initiative Foundation (EIN: 45-5002209), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), officer and key employee compensation, governance policies and audit information. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Chan Zuckerberg Initiative Foundation is a 501(c)(3) nonprofit headquartered in PALO ALTO, CA. It is classified under NTEE code T20 (Private Grantmaking Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2012. In its 2024 filing, the organization reported $1.5B in total revenue, a 537.3% increase from the prior year, and $323.0M in total expenses. 0 of 6 recommended governance policies are in place.
Chan Zuckerberg Initiative Foundation is classified under NTEE code T20 (Private Grantmaking Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 04.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Chan Zuckerberg Initiative Foundation's revenue has grown from $130.9M to $1.5B, a 1042.0% increase. Program expenses represent 0% of total spending.
Revenue increased 537.3% year-over-year, while expenses grew 153.1%. net assets rose to $7.0B, up 22.8% from the prior year.
Chan Zuckerberg Initiative Foundation derives 46% from contributions and grants, with 81% from investment income.
Revenue is primarily driven by investment income (81%), with contributions and grants at 46%.
Revenue grew by 537.3% while expenses grew by only 153.1%, suggesting improving operational efficiency.
Chan Zuckerberg Initiative Foundation distributed $166.1M in grants to other organizations and individuals, representing 51% of total expenses.
Over 6 filings from 2019–2024, Chan Zuckerberg Initiative Foundation grew revenue from $130.9M to $1.5B (+1042.0%) while maintaining a program expense ratio of 0%.
Chan Zuckerberg Initiative Foundation holds $7.5B in total assets against $486.1M in liabilities (debt-to-asset ratio of 6%). The organization has 260.5 months of operating reserves. Cash and equivalents of $686.0M cover approximately 25.5 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $1.5B | $690.5M | $0 | $0 | $1.2B |
| 2023 | $234.5M | $31.0M | $0 | $0 | $314.7M |
| 2022 | $-141.6M | $10.0M | $0 | $0 | $6.0M |
| 2021 | $894.1M | $362.5M | $0 | $0 | $1.1B |
| 2020 | $226.2M | $60.0M | $0 | $0 | $226.6M |
| 2019 | $130.9M | $55.0M | $0 | $0 | $1.4B |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $323.0M | $0 | $0 | $0 | $166.1M |
| 2023 | $127.6M | $0 | $0 | $0 | $58.0M |
| 2022 | $402.6M | $0 | $0 | $0 | $342.8M |
| 2021 | $882.4M | $0 | $0 | $0 | $841.5M |
| 2020 | $188.3M | $0 | $0 | $0 | $170.0M |
| 2019 | $202.1M | $0 | $0 | $0 | $201.4M |
Program Expense Ratio
0.0%
Admin Expense Ratio
0.0%
Fundraising Efficiency
—
Operating Reserve
260.5 mo
People & Compensation(Tax Year 2024)
4 records
Chan Zuckerberg Initiative Foundation reported compensation for 4 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| LIZ CASTELLANOS | FINANCE OFFICER | 1.00 | $0 | $0 | $0 | |
| KIMBERLY NEUFELD | FINANCE OFFICER | 1.00 | $0 | $0 | $0 | |
| BRIAN MANCA | FINANCE OFFICER | 1.00 | $0 | $0 | $0 | |
| MARK ZUCKERBERG | TRUSTEE | 1.00 | $0 | $0 | $0 |
Governance & Compliance(Tax Year 2024)
Chan Zuckerberg Initiative Foundation has 0 of 6 recommended governance policies in place.
Chan Zuckerberg Initiative Foundation does not have audited financial statements.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 2012–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990-PF | 2024-01-01 – 2024-12-31 | $1.5B | $323.0M | $7.0B |
| 2023 | 990-PF | 2023-01-01 – 2023-12-31 | $234.5M | $127.6M | $5.7B |
| 2022 | 990-PF | 2022-01-01 – 2022-12-31 | $-141.6M | $402.6M | $4.7B |
| 2021 | 990-PF | 2021-01-01 – 2021-12-31 | $894.1M | $882.4M | $6.5B |
| 2020 | 990-PF | 2020-01-01 – 2020-12-31 | $226.2M | $188.3M | $6.3B |
| 2019 | 990-PF | 2019-01-01 – 2019-12-31 | $130.9M | $202.1M | $5.4B |
| 2012–2018 | No filings acquired yet | ||||
Frequently Asked Questions
How much revenue does Chan Zuckerberg Initiative Foundation have?
Chan Zuckerberg Initiative Foundation reported $1,494,476,554 in total revenue for tax year 2024, up 537.3% from the prior year.
Who is the highest-paid executive at Chan Zuckerberg Initiative Foundation?
LIZ CASTELLANOS, FINANCE OFFICER, received $0 in total compensation as of tax year 2024.
Is Chan Zuckerberg Initiative Foundation a 501(c)(3)?
Yes, Chan Zuckerberg Initiative Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Chan Zuckerberg Initiative Foundation located?
Chan Zuckerberg Initiative Foundation is headquartered in PALO ALTO, CA 94301.
What type of nonprofit is Chan Zuckerberg Initiative Foundation?
Chan Zuckerberg Initiative Foundation is classified under NTEE code T20 (Private Grantmaking Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Chan Zuckerberg Initiative Foundation audited?
No, Chan Zuckerberg Initiative Foundation does not currently have audited financial statements.
Does Chan Zuckerberg Initiative Foundation give grants?
Yes, Chan Zuckerberg Initiative Foundation distributed $166,070,038 in grants to other organizations and individuals in tax year 2024.
Data Source
Prepared by: KPMG LLP, LOS ANGELES, CA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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