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The Benificus Foundation

Profile

Last Updated: 2016-04-15

At A Glance

The Benificus Foundation

(formerly Vallejo Ventures Private Foundation)

751 Laurel St., Ste. 717

San Carlos, CA United States 94070-3113

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-09-30)

Assets: $172,971,533

Total giving: $8,701,301

EIN

770444504

BRIDGE Number

2068280953

Background

Established in 1997 in CA - Founded by L. John Doerr, a venture capitalist at Kleiner Perkins Caufield & Byers, whose venture capital funding went to some of the most successful technology companies in the world including Compaq, Netscape, Symantec, Sun Microsystems, drugstore.com, Amazon.com, Intuit, and Google, as well as Friendster, Go.com and myCFO. In 2009, Doerr was appointed to President Obama's Economic Recovery Advisory Board to provide the president and his administration with advice and counsel in fixing America's economic downturn. L. John and Ann Doerr have committed to The Giving Pledge, and have pledged to give away at least half of their wealth to philanthropy.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

Historically, the grantmaker has made a PRI in the form of bond anticipation notes to provide interim funds for an institute for regenerative medicine.

Fields of Interest

Subjects
  • Education
  • Higher education
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Homeless people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-09-30

Assets: $172,971,533 (market value)

Gifts received: $9,410

Expenditures: $9,022,951

Total giving: $8,701,301

Qualifying distributions: $8,774,151

Giving activities include:

$8,701,301 for 5 grants (high: $5,680,644; low: $10,000)