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Abbreviation | DRK |
---|---|
Formation | 2002 |
Type | Private foundation |
Headquarters | Menlo Park, CA, United States |
Chief executive officer | Jim Bildner |
Key people |
|
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]
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]
Open Society Foundations (OSF), formerly the Open Society Institute, is a US-based grantmaking network founded by business magnate George Soros. Open Society Foundations financially supports civil society groups around the world, with the stated aim of advancing justice, education, public health and independent media. The group's name was inspired by Karl Popper's 1945 book The Open Society and Its Enemies.
Tides Foundation is a left-leaning donor advised fund based in the United States that manages over $1.4 billion in assets. It was founded in San Francisco in 1976 by Drummond Pike. Tides distributes money from anonymous donors to other organizations, which are often politically progressive. An affiliated group, Tides Advocacy, is a "massive progressive incubator." Tides has received substantial funding from George Soros.
William Henry Draper III is an American venture capitalist.
Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for non-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.
The W. K. Kellogg Foundation was founded in June 1930 as the W. K. Kellogg Child Welfare Foundation by breakfast cereal pioneer Will Keith Kellogg. In 1934, Kellogg donated more than $66 million in Kellogg Company stock and other investments to the W. K. Kellogg Trust. Ninety years later, the W.K. Kellogg Foundation manages more than eight billion dollars in assets and is one of the largest philanthropic foundations in the world.
The Sierra Club Foundation is an American nonprofit charitable organization focused on environmental efforts. It is an independent 501(c)(3) social welfare organization, the fiscal sponsor of the charitable programs of the Sierra Club. The organization's stated mission is to "help educate, inspire, and empower humanity to preserve the natural and human environment."
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund but retain advisory privileges over how their account is invested, and how it distributes money to charities.
Philanthrocapitalism or philanthropic capitalism is a way of doing philanthropy, which mirrors the way that business is done in the for-profit world. It may involve venture philanthropy that actively invests in social programs to pursue specific philanthropic goals that would yield return on investment over the long term, or in a more passive form whereby "social investors" benefit from investing in socially-responsible programs.
The Jessie Ball duPont Fund, "Florida's leading national foundation", is a charitable foundation that issues grants to organizations that received support from Jessie Ball duPont between 1960 and 1964. When she died on September 26, 1970, the bulk of her estimated $42 million estate, one of the largest in Florida history, became the Jessie Ball duPont Religious, Charitable and Educational Fund.
National Philanthropic Trust (NPT) is an American independent public charity that provides philanthropic expertise to donors, foundations and financial institutions. NPT ranks among the largest grantmaking institutions in the United States.
Hamilton Community Foundation (HCF) is a Community Foundation that pools donations and Financial endowments into a coordinated investment and grant-making facility dedicated primarily to the social improvement of Hamilton, Ontario. Its current President and CEO is Terry Cooke, the former Regional Municipality of Hamilton-Wentworth regional chair and Hamilton Spectator columnist.
The Community Foundation of the Eastern Shore (CFES) was established in 1984, and is located in Salisbury, Maryland. Its mission is to "To strengthen our community by connecting people who care with causes that matter to improve quality of life in our region" and its vision is for "...a community where all can live, learn, work, create and prosper". It serves the three lower counties of the Eastern Shore of Maryland: Somerset, Wicomico, and Worcester.
The Colorado Health Foundation is a private foundation focused on health. The organization's partners include nonprofits, health care leaders, policymakers, educators and the private sector.
UK Community Foundations (UKCF) is a registered charity that leads a movement of community foundations committed to positive social change in the UK through the development of “community philanthropy”. Community philanthropy involves people from all parts of a community working together locally to use the financial and other resources available to them to improve others’ lives.
The Mulago Foundation is a private foundation focused on high impact philanthropy: they fund high-impact organizations mostly through grants, sometimes with debt or equity. The foundation was originally envisioned by Rainer Arnhold, a San Francisco pediatrician and philanthropist, who taught at Mulago Hospital, Uganda. The foundation was officially created by his brother Henry Arnhold after Rainer Arnhold's death in 1993.
Bloomberg Philanthropies is a philanthropic organization that encompasses all of the charitable giving of founder Michael R. Bloomberg. Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation and education. According to the Foundation Center, Bloomberg Philanthropies was the 10th largest foundation in the United States in 2015, the last year for which data was available. Bloomberg has pledged to donate the majority of his wealth, currently estimated at more than $54 billion. Patti Harris is the CEO of Bloomberg Philanthropies.
Arnold Ventures LLC is a limited liability company focused on evidence-based philanthropy in a wide range of areas including criminal justice, education, health care, and public finance. The organization was founded by billionaires John D. Arnold and Laura Arnold in 2008.
John David Risher is an American businessman and philanthropist. He is the CEO of Lyft, co-founder of Worldreader, a non-profit organization that aims to get children reading so they can reach their potential, and the co-founder of #HalfMyDAF whose goal is to inspire more philanthropic giving.
The New York Community Trust is a community foundation that serves New York City's five boroughs, Long Island, and Westchester County. The Trust administers more than 2,200 charitable funds.