Draper Richards Kaplan Foundation

Last updated
Draper Richards Kaplan Foundation
AbbreviationDRK
Formation2002
Type Private foundation
Headquarters Menlo Park, CA, United States
Chief executive officer
Jim Bildner
Key people
  • William H. Draper
  • Robin Richards Donohoe
  • Robert S. Kaplan
Revenue$20,603,194 [1] (in 2015)
Expenses$7,833,298 [1] (in 2015)
Website www.drkfoundation.org

The Draper Richards Kaplan Foundation, also known as the DRK Foundation, is an international venture philanthropy firm. [2]

History

The foundation was founded in 2002 by William Henry Draper III and Robin Richards Donohoe as the Draper Richards Foundation. [2] [3] Robert Steven Kaplan joined the foundation in 2010 and the foundation changed its name to the Draper Richards Kaplan Foundation. [2] [3] The foundation funds non-profit organizations and for-profit organizations. [2] [4]

In 2020, the foundation launched a $80 million impact investing fund. [5] In 2023, the foundation was one of fifteen foundations to endorse the U.S. Agency for International Development's donor statement on supporting locally led development. [6] [7] In 2024, the foundation received a $8.6 million grant from the Swiss Agency for Development and Cooperation. [8]

The foundation has provided grants and invested in organizations including Kiva, [9] [10] Watsi, [11] Living Goods, [12] Room to Read, [13] and the One Acre Fund. [14]

The foundation has offices in Boston, Massachusetts; Dallas, Texas, Menlo Park, California; Nairobi, Kenya; and The Hague, Netherlands. [2]

See also

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References

  1. 1 2 "Draper Richards Kaplan Foundation" (PDF). Foundation Center. 23 November 2016. Retrieved 21 December 2017.
  2. 1 2 3 4 5 https://www.insidephilanthropy.com/home/2023-4-24-from-the-ground-up-a-few-things-to-know-about-the-draper-richards-kaplan-foundation
  3. 1 2 https://www.drkfoundation.org/about/history/
  4. https://www.wsj.com/articles/SB122124827514029295
  5. https://philanthropynewsdigest.org/news/draper-richards-kaplan-launches-80-million-impact-investing-fund
  6. https://philanthropynewsdigest.org/news/foundations-sign-donor-statement-on-supporting-locally-led-development
  7. https://www.usaid.gov/news-information/press-releases/sep-20-2023-fifteen-foundations-endorse-donor-statement-supporting-locally-led-development
  8. https://philanthropynewsdigest.org/news/draper-richards-kaplan-foundation-receives-8.6-million
  9. https://www.philanthropy.com/article/a-grant-maker-builds-a-record-of-helping-nonprofits-innovate/
  10. https://www.kiva.org/blog/kivaorg-supported-by-the-draper-richards-foundation
  11. https://www.wsj.com/articles/DJFVW00120151104ebb4iuxgo
  12. https://ssir.org/articles/entry/the_urgency_to_fund_early_stage_social_entrepreneurs#
  13. https://www.forbes.com/sites/petercohan/2012/11/05/room-to-read-turns-silicon-valley-riches-into-global-libraries-schools/
  14. https://www.philanthropy.com/article/causes-that-earned-support-from-the-draper-richards-foundation/