Akamai Foundation Inc

LAKE SUCCESS, NY 11042 EIN 043530777

https://n/a
Total Given 2016–2023
$8.7M
348 grants · $1.1M avg/year
based on 8 yrs of IRS 990-PF records on file
$1M+/yr
mid-tier
capacity
$10K
typical small grants · $5K–$25K
grant size
43%
supporter · 81/187 multi-year
repeat
$76.8M
Assets · 2020
187
Distinct recipients

About

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2017, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $469,500. This amount represents over 25% of the Foundation's net assets of $649,064 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2017. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Focus Areas

Education Health Arts & Culture Human Services Youth Development

Application Information

Accepts Unsolicited Proposals Unknown
Contact Person Foundation Source
Phone 8008391754
Deadlines HTTPS://WWW.AKAMAI.COM/US/EN/ABOUT/CORPORATE-RESPONSIBILITY/AKAMAI -FOUNDATION.JSP
How to Apply HTTPS://WWW.AKAMAI.COM/US/EN/ABOUT/CORPORATE-RESPONSIBILITY/AKAMAI -FOUNDATION.JSP
Restrictions HTTPS://WWW.AKAMAI.COM/US/EN/ABOUT/CORPORATE-RESPONSIBILITY/AKAMAI -FOUNDATION.JSP

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2016 $482K $649K $262K 17
2017 $470K $213K $185K 17
2019 N/A $53.1M $527K N/A
2020 $2.2M $76.8M $21.2M 100
2022 $2.7M $62.9M $-376K 107
2023 $2.9M $69.3M $-293K 107

Grant Size Distribution

Based on 348 grants on record

Minimum
$275
25th Pctl
$5K
Median
$10K
Average
$25K
75th Pctl
$25K
Maximum
$300K

Geographic Distribution

US Grant Distribution Map

Key Personnel

NameTitleCompensation
Natalie Billingham Dir —
Anthony Williams Dir —
Lauren Van Wazer Dir —
Khalil Smith Pres —
Saskia Schwartz Sec —
Kim Salem-Jackson Dir —
David Neshat Treas —
Prasad Mandava Dir —
F Thomson Leighton Dir —
James Kretchmar Dir —
Kara DiGiacomo Assistant Sec —
George Conrades Dir —
RACHEL LIPTON SEC —
Graeme Beardsell Dir —
Monique Bonner Dir —
Liz Borowsky Dir —
Jim Gemmell Dir —
James Hammons Sec —
Jim Benson Dir —
Jonathan Seelig Dir / Treas —
Paul Sagan Dir —
Jim Gemmel Dir —
Noelle Faris Pres / Sec —

Grants Awarded (348 total)

Purpose
GIVINGA FOUNDATION INC WELLESLEY, MA $300,000 Akamai Compassion Fund 2020
NORTHEASTERN UNIVERSITY BOSTON, MA $250,000 Akamai Foundation A2M4Tech Fund 2022
NORTHEASTERN UNIVERSITY BOSTON, MA $250,000 Akamai Foundation A2M4Tech Fund 2023
GIVINGA FOUNDATION INC WELLESLEY, MA $200,000 25th Anniversary fund 2023
MATHEMATICAL ASSOCIATION OF AMERICA INCORPORATED WASHINGTON, DC $196,500 General & Unrestricted 2016
MATHEMATICAL ASSOCIATION OF AMERICA INCORPORATED WASHINGTON, DC $174,500 General & Unrestricted 2017
EMERGENCY ASSISTANCE FOUNDATION INC WEST PALM BCH, FL $125,000 Akamai Compassion Fund 2022
EMERGENCY ASSISTANCE FOUNDATION INC WEST PALM BCH, FL $125,000 Akamai Compassion fund 2023
NPOWER NY INC BROOKLYN, NY $125,000 Advanced Trainings Programs 2023
GIVINGA FOUNDATION INC WELLESLEY, MA $121,726 Ukraine fund 2022
GIVINGA FOUNDATION INC WELLESLEY, MA $100,000 Giving Account Funding - COVID-19 Matching Campaign 2020
FFWD SAN FRANCISCO, CA $100,000 women and BIPOC Fast Forward alumni tech nonprofit founders for further wraparound support 2022
HIDDEN GENIUS PROJECT OAKLAND, CA $100,000 Intensive Immersion Program 2022
PER SCHOLAS INC BRONX, NY $100,000 General & Unrestricted 2023
HIDDEN GENIUS PROJECT OAKLAND, CA $100,000 Support to scale the Immersion Program 2023
UNITED NEGRO COLLEGE FUND INC WASHINGTON, DC $100,000 UNCF TechHub 2022
FFWD SAN FRANCISCO, CA $100,000 Continued support for vertical of Fast Forward alumni tech nonprofits 2023
NPOWER NY INC BROOKLYN, NY $100,000 Advanced Trainings Program 2022
PER SCHOLAS INC BRONX, NY $100,000 General & Unrestricted 2022
SWASTH FOUNDATION GOREGAON EAST $100,000 Mumbai's fight against Covid-19 through Swasth's network of 18 community-based primary and preventive health clinics 2020
HIDDEN GENIUS PROJECT OAKLAND, CA $100,000 The Hidden Genius Project's Intensive Immersion and catalyst programs with covid-19 modifications 2020
INTERNATIONAL MEDICAL CORPS LOS ANGELES, CA $100,000 Ukraine Crisis Response 2022
SOCIETY FOR SCIENCE AND THE PUBLIC WASHINGTON, DC $100,000 Grand Award Category fund in Mathematics at the International Science and Engineering Fair 2022
GIVINGA FOUNDATION INC WELLESLEY, MA $100,000 COVID-19 Matching Campaign 2020
SOCIETY FOR SCIENCE AND THE PUBLIC WASHINGTON, DC $100,000 Grand Award Category in Mathematics at the 2023-2025 International Science and Engineering Fair 2023