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Schmidt Ocean Institute is a private corporation based in PALO ALTO, CA. The foundation received its IRS ruling in 2009. The principal officer is % John Kelly. It holds total assets of $108.5M. Annual income is reported at $32.8M. MARINE RESEARCH VESSEL PLATFORM DEVELOPMENT, DEVELOPMENT AND OPERATION OF 4500M REMOTE UNDERWATER VEHICLE, SUPPORTING EQUIPMENT. According to available records, Schmidt Ocean Institute has made 37 grants totaling $2.5M, with a median grant of $20K. The foundation has distributed between $381K and $1.6M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.6M distributed across 18 grants. Individual grants have ranged from $1K to $978K, with an average award of $66K. The foundation has supported 27 unique organizations. The foundation primarily supports organizations in District of Columbia, California, New York, which account for 49% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
MARINE RESEARCH VESSEL PLATFORM DEVELOPMENT: DEVELOPMENT AND OPERATION OF 4,500M REMOTE UNDERWATER ROBOTIC VEHICLE, SUPPORTING EQUIPMENT.
Expenses: $645K
RESEARCH VESSEL OPERATIONS AND MAINTENANCE - MAPPING AND ROV OPERATIONS - SOUTH PACIFIC, INDIAN OCEAN: 244 SEA DAYS.
Expenses: $15.2M
SCIENTIFIC PROGRAMS RESEARCH AND DEVELOPMENT
Expenses: $1.7M
SCIENCE OUTREACH AND COMMUNICATION
Expenses: $634K
MARINE RESEARCH VESSEL PLATFORM DEVELOPMENT, DEVELOPMENT AND OPERATION OF 4500M REMOTE UNDERWATER VEHICLE, SUPPORTING EQUIPMENT. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in DC, CA, NY.
Schmidt Ocean Institute has distributed a total of $2.5M across 37 grants. The median grant size is $20K, with an average of $66K. Individual grants have ranged from $1K to $978K.
Schmidt Ocean Institute typically selects its grantees rather than accepting unsolicited proposals.
Schmidt Ocean Institute is headquartered in PALO ALTO, CA. While based in CA, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jyotika Virmani | EXECUTIVE DIRECTOR | $562K | $43K | $605K |
| Eric Schmidt | DIRECTOR/VICE PRESIDENT | $0 | $0 | $0 |
| Wendy Schmidt | DIRECTOR/PRESIDENT | $0 | $0 | $0 |
| John Kelly | TREASURER/CHIEF FINANCIAL OFFICER | $0 | $0 | $0 |
| Frances Babb | SECRETARY | $0 | $0 | $0 |
Total Giving
$33.5M
Total Assets
$137.3M
Fair Market Value
$137.3M
Net Worth
$131.7M
Grants Paid
$405K
Contributions
$75M
Net Investment Income
$3.3M
Distribution Amount
$0
Total: $34.4M
Total Grants
37
Total Giving
$2.5M
Average Grant
$66K
Median Grant
$20K
Unique Recipients
27
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Corporation For Atmospheric ResearchNATIONAL OCEAN SCIENCES BOWL | Boulder, CO | $112K | 2023 |
| University Of South Florida Foundation IncFLORIDA INSTITUTE OF OCEANOGRAPHY PEERSIDE PROGRAM | Tampa, FL | $100K | 2023 |
| University Of Rhode IslandURI NOVEL APPROACHES TO ANALYZING GENETIC VARIATIONS AMONG SAMPLES | Kingston, RI | $59K | 2023 |
| Mate Inspiration For InnovationMATE INSPIRATION ROV COMPETITION | Monterey, CA | $50K | 2023 |
| Nautilusthink IncNAUTILUS OCEANS CHANNEL MAGAZINE 2023 | New York, NY |
| $50K |
| 2023 |
| Lehigh UniversityLEHIGH NOVEL APPROACHES TO ANALYZING GENETIC VARIATIONS AMONG SAMPLES | Bethlehem, PA | $41K | 2023 |
| World Ocean ObservatoryWORLD OCEAN EXPLORER EXHIBITS | Sedgwick, ME | $15K | 2023 |
| Marine Technology Society IncMARINE TECHNOLOGY SOCIETY SPONSORSHIP OCEANS (GLOBAL) STUDENT POSTER COMPETITION | Washington, DC | $6K | 2023 |
| Friends Of The Charles Darwin Foundation For The Galapagos IslandsCONNECTING THE GALAPAGOS COMMUNITY TO OUR OCEANS | Valhalla, NY | $5K | 2023 |
| Map The GapsMAP THE GAPS SYMPOSIUM 2023 | Seattle, WA | $5K | 2023 |
| Sustainable Markets FoundationINTERACTIVE DISPLAY TECHNOLOGY FOR COSTA RICA SCHOOL EXHIBIT | New York, NY | $5K | 2023 |
| University Of Puerto Rico MayaguezTO SUPPORT STUDENT PARTICIPATION IN RESEARCH CRUISE | Mayaguez | $5K | 2023 |
| Dri Research FoundationNETWORK FOR OCEAN WORLDS RETREAT | Reno, NV | $2K | 2023 |
| Geomar Helmholtz Centre For Ocean Research KielGEOMAR OCEAN VOLCANISM WORKSHOP 2023 | — | $2K | 2023 |
| Consiglio Nazionale Delle RicercheFALKOR DONATION | Rome | $978K | 2022 |
| Consortium For Ocean LeadershipOCEAN STEM BUILDING DIVERSE LEADERSHIP | Washington, DC | $213K | 2022 |
| The Regents Of The University Of CaliforniaSEAWATER MEASUREMENTS TO TRACK OCEAN ACIDIFICATION | Berkeley, CA | $90K | 2022 |
| Nautilus Think IncNAUTILUS OCEANS CHANNEL MAGAZINE | New York, NY | $50K | 2022 |
| National Academy Of SciencesBLUE DREAMS EXHIBIT | Washington, DC | $40K | 2022 |
| King Baudouin Foundation2022 OCEAN FELLOWSHIP RUN BY TBA21-ACADEMY | New York, NY | $30K | 2022 |
| Air CentreAD AIR CENTRE_2022 SYMPOSIUM ON ADVANCES IN OCEAN OBSERVATION | Azores | $20K | 2022 |
| Ifremer2022 MARINE IMAGING WORKSHOP | Plouzne | $5K | 2022 |
| University Of Hawaii Foundation2022 IRSO MEETING RECEPTION | Honolulu, HI | $5K | 2022 |
| UnescoUN DECADE OF OCEAN SCIENCES CONFERENCE | Paris | $5K | 2022 |
| Institute Of Electrical And Electronics Engineers2022 AUV SYMPOSIUM | New York, NY | $5K | 2022 |
| Geochemical Society2022 GOLDSCHMIDT CONFERENCE | Washington, DC | $1K | 2022 |
| Marine Technology SocietyOCEANS (GLOBAL) 2020 STUDENT POSTER COMPETITION | Washington, DC | $6K | 2020 |
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