Akamai Foundation Inc
EIN 043530777 Private FoundationAbout
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
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 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
Geographic Distribution
Texas Counties Served
Top 3 counties
- 1 Harris
- 2 Travis
- 3 Collin
Officers & Directors
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 | COVID-19 Matching Campaign | 2020 |
| Givinga Foundation Inc | Wellesley, MA | $100,000 | Giving Account Funding - COVID-19 Matching Campaign | 2020 |
| Hidden Genius Project | Oakland, CA | $100,000 | The Hidden Genius Project's Intensive Immersion and catalyst programs with covid-19 modifications | 2020 |
| Swasth Foundation | Goregaon East, None | $100,000 | Mumbai's fight against Covid-19 through Swasth's network of 18 community-based primary and preventive health clinics | 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 |
| International Medical Corps | LOS Angeles, CA | $100,000 | Ukraine Crisis Response | 2022 |
| Npower NY Inc | Brooklyn, NY | $100,000 | Advanced Trainings Program | 2022 |
| Per Scholas Inc | Bronx, NY | $100,000 | General & Unrestricted | 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 |
| 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 |
| Hidden Genius Project | Oakland, CA | $100,000 | Support to scale the Immersion Program | 2023 |
| Per Scholas Inc | Bronx, NY | $100,000 | General & Unrestricted | 2023 |
| 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 |
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