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Crankstart Foundation

Profile

Last Updated: 2016-06-04

At A Glance

Crankstart Foundation

1801 Page Mill Rd.

Palo Alto, CA United States 94304-1216

Telephone: (650) 845-8100

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business; Entertainment

Financial Data

(yr. ended 2014-12-31)

Assets: $779,627,770

Total giving: $17,111,910

EIN

943377099

BRIDGE Number

1646578712

Background

Established in 2000 in CA - Founded by Michael Moritz and Harriet Heyman. Michael Moritz is a businessman and venture capitalist with Sequoia Capital. Prior to Sequoia, Moritz was reporter for Time Magazine, and wrote the book "The Little Kingdom: the Private Story of Apple Computer," as well as co-authored "Going for Broke: The Chrysler Story" (with TIME's Detroit bureau chief). After leaving Time, Moritz co-founded Technologic Partners, a technology newsletter and conference company. Harriet Heyman is a former journalist for The New York Times, and a novelist known for her book "Between Two Rains." Michael Moritz and Harriet Heyman have committed to The Giving Pledge, and have pledged to give away at least half of their wealth to philanthropy

Fields of Interest

Subjects
  • Community and economic development
  • Education
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $779,627,770 (market value)

Expenditures: $30,927,943

Total giving: $17,111,910

Qualifying distributions: $17,111,910

Giving activities include:

$17,111,910 for 82 grants (high: $12,798,255; low: $1,000)