Additional Ventures Foundation
Preselected recipients only
Additional Ventures Foundation is a private foundation in Palo Alto, California. In tax year 2024 it gave $14.9 million in 68 grants; the typical grant was $220,000 and the largest $1.2 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$14.9 million
- Number of grants68
- Typical grant$220,000
- Largest grant$1.2 million
- Assets$220 million
- New grantees26%
Giving in 2024 was down from $21.8 million the year before.
26% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $21.8 million | 79 | $206 million |
| 2024 | $14.9 million | 68 | $220 million |
How to apply
Additional Ventures Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Additional Ventures Foundation funds
Where it gives
Its US grants went to recipients in 19 states, the most to California. It also paid $2.2 million in 12 grants to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| California | 15 | $5.2 million |
| Massachusetts | 4 | $1.5 million |
| Pennsylvania | 6 | $1.5 million |
| Ohio | 5 | $1.5 million |
| New York | 5 | $1.1 million |
| Missouri | 3 | $818,093 |
| Texas | 3 | $648,046 |
| Georgia | 2 | $522,993 |
| Connecticut | 2 | $371,767 |
| North Carolina | 2 | $290,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| The J David Gladstone Institutes | Innovation award | $1.2 million |
| Renata Medical Inc | Transcatheter fontan shunt development | $1.1 million |
| Boston Children's Hospital | Force fund | $934,317 |
| Nationwide Children's Hospital Inc | Cures collaborative | $594,872 |
| Carnegie Mellon University | Cures collaborative | $493,452 |
| Washington University in St Louis | Cures collaborative | $381,383 |
| The Board of Trustees of the Leland Stanford Junior University | Cures collaborative | $322,050 |
| Emory University | Cures collaborative | $302,993 |
| Irccs Azienda Ospedaliero Universitaria Di Bologna | Single ventricle research fund | $295,918 |
| The Rector & Visitors of the University of Virginia | Single ventricle research fund | $282,614 |
| Imperial College of Science Technology and Medicine | Single ventricle research fund | $264,436 |
| Icahn School of Medicine at Mount Sinai | Cures collaborative | $261,404 |
| Sanford Burnham Prebys Medical Discovery Institute | Catalyst to independence award | $247,933 |
| The Board of Trustees of the Leland Stanford Junior University | Catalyst to independence award | $241,941 |
| The Board of Trustees of the Leland Stanford Junior University | Cures collaborative | $233,359 |
| Catholic University of Leuven | Single ventricle research fund | $230,000 |
| Children's Hospital Los Angeles | Single ventricle research fund | $227,998 |
| Research Institute at Nationwide Children's Hospital | Single ventricle research fund | $225,412 |
| Yale University | Single ventricle research fund | $221,347 |
| The Hospital for Sick Children | Single ventricle research fund | $221,200 |
| California Institute of Technology | Single ventricle research fund | $220,000 |
| Children's Hospital Medical Center | Single ventricle research fund | $220,000 |
| Children's Hospital Medical Center | Single ventricle research fund | $220,000 |
| Cornell University | Single ventricle research fund | $220,000 |
| Duke University | Single ventricle research fund | $220,000 |
| Emory University | Single ventricle research fund | $220,000 |
| Icahn School of Medicine at Mount Sinai | Single ventricle research fund | $220,000 |
| Imagine Institute | Single ventricle research fund | $220,000 |
| Indiana University | Single ventricle research fund | $220,000 |
| Massachusetts General Hospital | Single ventricle research fund | $220,000 |
| Nationwide Children's Hospital Inc | Single ventricle research fund | $220,000 |
| New York University | Single ventricle research fund | $220,000 |
| Regents of the University of California at San Diego | Single ventricle research fund | $220,000 |
| Regents of the University of California at San Diego | Single ventricle research fund | $220,000 |
| Regents of the University of California San Francisco | Single ventricle research fund | $220,000 |
| The Board of Trustees of the Leland Stanford Junior University | Single ventricle research fund | $220,000 |
| The Children's Hospital of Philadelphia | Single ventricle research fund | $220,000 |
| Universita Degli Studi Di Torino | Single ventricle research fund | $220,000 |
| University Health Network | Single ventricle research fund | $220,000 |
| University of Pittsburgh | Single ventricle research fund | $220,000 |
Officers and trustees
- Erin Hoffmann
- Michael Schroepfer
- Tom van Loben Sels
- Kirstie Keller
Questions people ask
Does Additional Ventures Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Additional Ventures Foundation give?
$14.9 million in tax year 2024, across 68 grants, with a typical grant of $220,000.
Who runs Additional Ventures Foundation?
Its 2024 filing lists Erin Hoffmann (President/Chairman/Director), Michael Schroepfer (Cfo/Director), Tom van Loben Sels (Secretary) and Kirstie Keller (Ceo).
What does Additional Ventures Foundation fund?
Based on its grants, mainly science and research, education and health.