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Founderorg Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2014. The principal officer is Chris Seybold. It holds total assets of $14.2M. Annual income is reported at $587K. Total assets have grown from $388K in 2013 to $14.2M in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. Tax records are available from 2015 to 2024. According to available records, Founderorg Inc. has made 3 grants totaling $1.1M, with a median grant of $500K. Annual giving has decreased from $1M in 2022 to $75K in 2023. Individual grants have ranged from $75K to $500K, with an average award of $358K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in California and New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Founderorg Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in CA, NY.
Founderorg Inc. has distributed a total of $1.1M across 3 grants. The median grant size is $500K, with an average of $358K. Individual grants have ranged from $75K to $500K.
The application deadline is NONE FOR THE UPCOMING YEAR. Students, faculty and recent alumni (last 18 months) from accredited universities around the world are eligible to apply. Teams involved in innovation and entrepreneurial programs at our partner universities are also eligible to apply. Team must have at least one, full-time eligible person. We make the final determination regarding eligibility.
Founderorg Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael J Baum | PRESIDENT/BOARD CHAIR | $246K | $0 | $246K |
| Christopher Seybold | SECRETARY & TREASURER | $91K | $0 | $91K |
| Julie F Carabello | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$14.2M
Fair Market Value
N/A
Net Worth
$14.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
3
Total Giving
$1.1M
Average Grant
$358K
Median Grant
$500K
Unique Recipients
2
Most Common Grant
$500K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Friends Of The University Of Stellenbosch FoundationEDUCATIONAL ENTREPRENEURSHIP AND INNOVATION PROGRAMS | New York, NY | $75K | 2023 |
| Health Hub SfTO EDUCATE AND MENTOR YOUNG ENTREPRENEURS STARTING COMPANIES TO SOLVE HEALTHCARE-RELATED PROBLEMS | Bel Tiburon, CA | $500K | 2022 |