Nonprofits/Organizations/77-0528216
Active
501(c)(3)
T11 · Philanthropy, Voluntarism & Grantmaking
Form 990

The Skoll Fund

DBA: SKOLL FUND

EIN 77-0528216MOUNTAIN VIEW, CA 94040Founded 1999WebsiteIRS Tax Year 2024 · Period ending December 31, 2024
Mission Statement

CATALYZE TRANSFORMATIONAL SOCIAL CHANGE BY INVESTING IN, CONNECTING, AND CHAMPIONING SOCIAL ENTREPRENEURS AND OTHER SOCIAL INNOVATORS WHO TOGETHER ADVANCE BOLD AND EQUITABLE SOLUTIONS TO THE WORLD'S MOST PRESSING PROBLEMS.

IRS Tax Year 2024

Period ending December 31, 2024

Total Revenue

$75.2M

+131.3%YoY

Total Expenses

$59.6M

+10.7%YoY

Net Assets

$923.5M

+8.5%YoY

Employees

0

Volunteers

7

Grants Paid

$56.1M

Program Expense Ratio

94.3%

This nonprofit profile presents IRS Form 990 tax filing data for The Skoll Fund (EIN: 77-0528216), based on the 2024 tax year annual return filed with the Internal Revenue Service.

Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.

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RoundPaper IndicatorsTax Year 2024

Financial Health

Revenue grew +131.3% to $75.2M
Program spending ratio of 94.3% — excellent
185.8 months of operating reserves — strong cushion
Expenses increased +10.7% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
7-member board, 7 independent

Compensation

No Schedule J filed — standard compensation reporting only

Program Effectiveness

3 programs reported
94.3% of spending goes to programs
No programs generate independent revenue
$56.1M in grants paid to other organizations
7 volunteers engaged

Financial Stability

Debt-to-asset ratio of 2.4% — low leverage
0.0 months cash runway — tight liquidity
Revenue diversification: well diversified
Net assets consistently growing over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
Family or business relationships among officers/directors

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

The Skoll Fund is a 501(c)(3) nonprofit headquartered in MOUNTAIN VIEW, CA, founded in 1999. It is classified under NTEE code T11 (Single Organization Support), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2000. In its 2024 filing, the organization reported $75.2M in total revenue, a 131.3% increase from the prior year, and $59.6M in total expenses. The organization engaged 7 volunteers. The organization runs 3 programs, totaling $56.3M in program expenses. 3 of 6 recommended governance policies are in place.

The Skoll Fund is classified under NTEE code T11 (Single Organization Support), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 17.

Programs(Tax Year 2024)

3 records

Programs Overview

The Skoll Fund operates 3 programs, with total program expenses of $56.3M. The Skoll Fund's largest program accounts for 84% of total program spending.

1
Program 1Expenses: $47,311,996

INVEST - WE INVEST IN SOCIAL ENTREPRENEURS AND OTHER SOCIAL INNOVATORS WHO OFFER A COMPELLING VISION, CREATIVE SOLUTIONS, AND PROVEN APPROACHES.

2
Program 2Expenses: $4,626,476

CONNECT & CHAMPION - WE CONNECT OUR COMMUNITY TO DRIVE TOWARDS TRANSFORMATIONAL CHANGE THROUGH OUR GLOBAL NETWORK AND CONVENINGS LIKE THE SKOLL WORLD FORUM TO SHARE LEARNINGS, JOIN FORCES, AND ACHIEVE AMBITIOUS GOALS WITH OTHER SOCIAL INNOVATORS, FUNDERS, AND KEY STAKEHOLDERS. WE USE OUR VOICE AND GLOBAL AUDIENCE TO CHAMPION THE WORK OF SOCIAL INNOVATORS, HELPING EXTEND THEIR REACH AND EXPAND THEIR IMPACT. COMBINING STORYTELLING, THOUGHT LEADERSHIP, AND STRATEGIC ALLIANCES, WE SUPPORT ORGANIZATIONS TO MOBILIZE MORE RESOURCES AND CREATE MOMENTUM FOR LASTING SOCIAL CHANGE

3
Program 3Expenses: $4,324,993

SPECIAL OPPORTUNITY & OTHER - WE SUPPORT TIMELY OPPORTUNITIES THAT HELP ADVANCE THE FOUNDATION'S MISSION

Total Program Expenses: $56,263,465

Financial Overview(Tax Years 2019–2024)

6 records

Financial Highlights

Over the past 6 years, The Skoll Fund's revenue has grown from $58.3M to $75.2M, a 29.0% increase. Program expenses represent 94% of total spending.

Revenue increased 131.3% year-over-year, while expenses grew 10.7%. net assets rose to $923.5M, up 8.5% from the prior year.

The Skoll Fund derives 44% from contributions and grants, with 56% from investment income.

Revenue is diversified across investment income (56%), contributions and grants (44%).

The Skoll Fund allocates 94% to programs, 6% to management and general.

Revenue grew by 131.3% while expenses grew by only 10.7%, suggesting improving operational efficiency.

The Skoll Fund distributed $56.1M in grants to other organizations and individuals, representing 94% of total expenses.

Over 6 filings from 2019–2024, The Skoll Fund grew revenue from $58.3M to $75.2M (+29.0%) while maintaining a program expense ratio of 94%.

The Skoll Fund holds $945.8M in total assets against $22.3M in liabilities (debt-to-asset ratio of 2%). The organization has 185.8 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2024$75.2M$33.0M$0$0$42.2M
2023$32.5M$0$0$0$32.5M
2022$41.6M$11.9M$0$0$29.7M
2021$96.7M$0$0$0$96.7M
2020$115.9M$75.6M$0$0$40.3M
2019$58.3M$21.5M$0$0$36.8M

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2024$59.6M$56.3M$3.4M$0$56.1M
2023$53.9M$51.1M$222K$0$50.9M
2022$3.9M$379K$3.5M$0$250K
2021$30.6M$26.7M$3.9M$0$26.6M
2020$54.7M$53.0M$1.7M$0$52.9M
2019$18.0M$16.6M$1.4M$0$16.5M

Program Expense Ratio

94.3%

Admin Expense Ratio

5.7%

Fundraising Efficiency

Operating Reserve

185.8 mo

People & Compensation(Tax Year 2024)

11 records

Compensation Summary

The Skoll Fund reported compensation for 11 officers and key employees.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
JAMES GB DEMARTINI IIICHAIR, DONOR CLASS DIRECTOR
Director
0.50$0$0$0
SHASHI BULUSWARDONOR CLASS DIRECTOR
Director
0.50$0$0$0
CHERYL DORSEYCONTROLLING ORGANIZATION CLASS DIRECTOR
Director
0.50$0$0$0
PAT MITCHELLCONTROLLING ORGANIZATION CLASS DIRECTOR
Director
0.50$0$0$0
RAJESH PANJABICONTROLLING ORGANIZATION CLASS DIRECTOR
Director
0.50$0$0$0
GAYLE SMITHCONTROLLING ORGANIZATION CLASS DIRECTOR
Director
0.50$0$0$0
LINDSEY SPINDLEDONOR CLASS DIRECTOR
Director
0.50$0$0$0
MARLA BLOWPRESIDENT
Officer
0.50$0$0$0
BRUCE LOWRYSECRETARY
Officer
0.50$0$0$0
DEBBIE SANTOSTREASURER
Officer
0.50$0$0$0
DON GIPSCHIEF EXECUTIVE OFFICER
Officer
0.50$0$0$0

Top Contractors(Tax Year 2024)

5 records

Contractor Summary

The Skoll Fund reported 5 contractors receiving over $100,000, with total contractor payments of $872K.

NameServiceCompensation
SVCFMANAGEMENT FEES$258,492
CAPRICORN - LIBRA INVESTMENT GROUP LPINVESTMENT MANAGEMENT$168,135
TECHNOLOGY IMPACT FUND IIINVESTMENT MANAGEMENT$150,000
COPENHAGEN INFRASTRUCTURE ENERGY TRANSITINVESTMENT MANAGEMENT$148,942
SUSTAINABLE ASSET FUND IV (US FEEDER) LINVESTMENT MANAGEMENT$146,250

Governance & Compliance(Tax Year 2024)

Governance Snapshot

The Skoll Fund has 3 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 7 members, 7 of whom are independent.

The Skoll Fund's financial statements are audited, an audit committee oversees the process.

The Skoll Fund has family or business relationships among officers, directors, or key employees, and delegates management duties to an outside firm.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members7
Independent members7

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2024)

147 records

Grantmaking Summary

The Skoll Fund awarded $51.7M across 147 grants to organizations. Top recipients include MAYO CLINIC (ROCHESTER, MN) — $4.5M for general nonprofit support; PANORAMA GLOBAL (SEATTLE, WA) — $3.2M for general nonprofit support; THE ALLIANCE FOR CLIMATE PROTECTION (WASHINGTON, DC) — $3.0M for environment.

Organization Grants

RecipientLocationAmountPurpose
MAYO CLINIC416011702ROCHESTER, MN$4.5MGENERAL NONPROFIT SUPPORT
PANORAMA GLOBAL814204119SEATTLE, WA$3.2MGENERAL NONPROFIT SUPPORT
THE ALLIANCE FOR CLIMATE PROTECTION870745629WASHINGTON, DC$3.0MENVIRONMENT
NEW VENTURE FUND205806345WASHINGTON, DC$2.2MCIVIL PARTICIPATION
EARTHENABLE INC465540643WESTON, MA$2.0MGENERAL NONPROFIT SUPPORT
MUSO INC203171837SAN FRANCISCO, CA$2.0MCOMMUNITY DEVELOPMENT
HEALTHY KIDS BRIGHTER FUTURE INCORPORATED043506482BRUNSWICK, ME$2.0MGENERAL NONPROFIT SUPPORT
FINANCING ALLIANCE FOR HEALTH850976806BETHLEHEM, PA$2.0MHEALTH
RIGHTS AND RESOURCES INSTITUTE INC203690821WASHINGTON, DC$2.0MENVIRONMENT
INTERNATIONAL FOUNDATION FOR VALUING IMPACTS INC883171997BOSTON, MA$1.5MCOMMUNITY DEVELOPMENT
COLUMBIA UNIVERSITY135598093NEW YORK, NY$1.5MHEALTH
CONTINA IMPACT364657870BERKELEY, CA$1.1MCIVIL PARTICIPATION
BUILD HEALTH INTERNATIONAL INC464300024BEVERLY, MA$1.0MHEALTH
VOTERUNLEAD464285577HARTSDALE, NY$1.0MGENERAL NONPROFIT SUPPORT
AVINA AMERICAS INC263525897WASHINGTON, DC$1.0MENVIRONMENT
EQUIS INSTITUTE871337465WASHINGTON, DC$1.0MCIVIL PARTICIPATION
ISSUE ONE320384285WASHINGTON, DC$850KCIVIL PARTICIPATION
ROCKEFELLER PHILANTHROPY ADVISORS133615533NEW YORK, NY$835KARTS & CULTURE
CERES INC223053747BOSTON, MA$750KENVIRONMENT
PUSHBLACK813834388WASHINGTON, DC$750KCIVIL PARTICIPATION

Showing 20 of 147 grants.

Foreign Activities(Tax Year 2024)

International Overview

Activities span CENTRAL AMERICA AND THE CARIBBEAN, EUROPE, SUB-SAHARAN AFRICA, SOUTH ASIA, NORTH AMERICA.

Regions & Countries

Region / CountryActivityExpenditure
CENTRAL AMERICA AND THE CARIBBEAN
EUROPE
SUB-SAHARAN AFRICA
SOUTH ASIA
NORTH AMERICA
EUROPE
SUB-SAHARAN AFRICA
SOUTH AMERICA

Filing History(Tax Years 2000–2024)

6 records

Showing the 6 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2024
990
2024-01-01 – 2024-12-31$75.2M$59.6M$923.5M
2023
990
2023-01-01 – 2023-12-31$32.5M$53.9M$851.1M
2022
990
2022-01-01 – 2022-12-31$41.6M$3.9M$784.4M
2021
990
2021-01-01 – 2021-12-31$96.7M$30.6M$886.9M
2020
990
2020-01-01 – 2020-12-31$115.9M$54.7M$883.2M
2019
990
2019-01-01 – 2019-12-31$58.3M$18.0M$614.8M
2000–2018No filings acquired yet

Frequently Asked Questions

What does The Skoll Fund do?

CATALYZE TRANSFORMATIONAL SOCIAL CHANGE BY INVESTING IN, CONNECTING, AND CHAMPIONING SOCIAL ENTREPRENEURS AND OTHER SOCIAL INNOVATORS WHO TOGETHER ADVANCE BOLD AND EQUITABLE SOLUTIONS TO THE WORLD'S MOST PRESSING PROBLEMS.

How much revenue does The Skoll Fund have?

The Skoll Fund reported $75,248,928 in total revenue for tax year 2024, up 131.3% from the prior year.

Who is the highest-paid executive at The Skoll Fund?

JAMES GB DEMARTINI III, CHAIR, DONOR CLASS DIRECTOR, received $0 in total compensation as of tax year 2024.

Is The Skoll Fund a 501(c)(3)?

Yes, The Skoll Fund is classified as a 501(c)(3) tax-exempt organization.

Where is The Skoll Fund located?

The Skoll Fund is headquartered in MOUNTAIN VIEW, CA 94040.

What type of nonprofit is The Skoll Fund?

The Skoll Fund is classified under NTEE code T11 (Single Organization Support), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.

Is The Skoll Fund audited?

Yes, The Skoll Fund's financial statements are audited, and the organization has an audit committee.

Does The Skoll Fund give grants?

Yes, The Skoll Fund distributed $56,133,469 in grants to other organizations and individuals in tax year 2024. Top recipients include MAYO CLINIC, PANORAMA GLOBAL, THE ALLIANCE FOR CLIMATE PROTECTION.

Does The Skoll Fund operate internationally?

Yes, The Skoll Fund conducts activities outside the United States. Activities span CENTRAL AMERICA AND THE CARIBBEAN, EUROPE, SUB-SAHARAN AFRICA, SOUTH ASIA, NORTH AMERICA.

Data Source

Prepared by: BAKER TILLY ADVISORY GROUP LP, STOCKTON, CA

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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