Overview
The Crankstart Foundation, based in San Jose, California, is a philanthropic organization with assets totaling approximately $3.9 billion. The foundation's annual expenses are around $195 million, with a revenue of about $213 million. It funds a wide range of projects across numerous cities and states in the United States, including major cities like New York, Los Angeles, and Chicago, as well as international locations such as London and Stockholm. The foundation is led by Michael Moritz, who serves as President and CFO, and Melissa Narula, the CEO. The board also includes directors Harriet Heyman, William Moritz, and Jake Moritz, with Gretchen Selfridge serving as the Audit Chair. Notably, none of the board members receive compensation for their roles. The foundation does not specify particular subject areas of focus, indicating a broad philanthropic reach.
Focus Areas
Geographic Focus
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Financials
in 2024, compared to $3,853,358,712 in 2023
424 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $50,000,000 | THE JUILLIARD SCHOOL | TO SUPPORT THE MUSIC ADVANCEMENT PROGRAM | 60 LINCOLN CENTER PLZ NEW YORK, NY US | 2022 |
| $15,937,000 | SAN FRANCISCO DEPARTMENT OF CHILDREN YOUTH AND THEIR FAMILIES | FOR SUMMER TOGETHER | 1390 MARKET STREET SUITE 900 SAN FRANCISCO, CA US | 2023 |
| $12,300,000 | SAN FRANCISCO FOUNDATION | FOR THE CRANKSTART TRANSFER AND RE-ENTRY SCHOLARSHIP PROGRAM | ONE EMBARCADERO CENTER SUITE 1400 SAN FRANCISCO, CA US | 2024 |
| $10,000,000 | SAN FRANCISCO FOUNDATION | REGIONAL HOMELESSNESS PREVENTION FUND (RHPF) | ONE EMBARCADERO CENTER SUITE 1400 SAN FRANCISCO, CA US | 2022 |
| $10,000,000 | NEW VENTURE FUND | TO SUPPORT PROJECT DAYBREAK | 1828 L STREET NW SUITE 300-A WASHINGTON, DC US | 2023 |
| $10,000,000 | SAN FRANCISCO FOUNDATION | TO PROVIDE EQUITABLE ACCESS TO INDIA BASIN SHORELINE PARK | ONE EMBARCADERO CENTER SUITE 1400 SAN FRANCISCO, CA US | 2024 |
| $10,000,000 | SAN FRANCISCO FOUNDATION | FOR CATALYST IMPACT FUND | ONE EMBARCADERO CENTER SUITE 1400 SAN FRANCISCO, CA US | 2024 |
| $7,500,000 | ARC RESEARCH INSTITUTE | TO ADVANCE RESEARCH TO UNDERSTAND COMPLEX HUMAN DISEASES | 3160 PORTER DRIVE SUITE 110 PALO ALTO, CA US | 2023 |
| $6,900,000 | ARC RESEARCH INSTITUTE | TO ADVANCE RESEARCH TO UNDERSTAND COMPLEX HUMAN DISEASES | 3160 PORTER DRIVE SUITE 110 PALO ALTO, CA US | 2023 |
| $6,000,000 | MERCY HOUSING CALIFORNIA | FOR THE COMMUNITY HUB AT SUNNYDALE | 1256 MARKET STREET SAN FRANCISCO, CA US | 2023 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
MM
MICHAEL MORITZ
| PRESIDENT/CFO | $0 | 2022 |
MN
MISSY NARULA
| CEO | $0 | 2022 |
HH
HARRIET HEYMAN
| DIRECTOR | $0 | 2022 |
WM
WILLIAM MORITZ
| DIRECTOR | $0 | 2022 |
JM
JAKE MORITZ
| DIRECTOR | $0 | 2022 |
JP
JUDI POWELL
| AUDIT CHAIR | $0 | 2022 |
MM
MICHAEL MORITZ
| PRESIDENT/CFO | $0 | 2023 |
MN
MELISSA NARULA
| CEO | $0 | 2023 |
HH
HARRIET HEYMAN
| DIRECTOR | $0 | 2023 |
WM
WILLIAM MORITZ
| DIRECTOR | $0 | 2023 |
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Opportunities
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025