Priem Family Foundation
The Priem Family Foundation is a private independent foundation based in Burlingame, California, established in 1999 by Curtis R. Priem, co-founder of NVIDIA Corporation and inventor holding nearly 200 patents. The foundation operates as a 501(c)(3) tax-exempt organization and is currently in a spending-down phase, with plans to fully dissolve by 2031.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$124.6M
-12.4% YoY
Annual Giving
$28.5M
-1.8% YoY
Grant Count
11
-21.4% YoY
Avg Grant Size
$2.6M
+24.9% YoY
Mission & Focus Areas
The foundation's mission is to "unleash possibilities in education and creativity for people, ensuring that students and adults have the opportunity to achieve bigger dreams for themselves and the world."
The foundation explicitly does not fund efforts to alleviate human-induced suffering, instead preferring to empower change through education, arts, science, and technology. The foundation operates across three primary program areas:
- Creativity: Supporting projects that ignite creativity and innovative thinking, including arts education and creative expression
- Education: Funding educational initiatives and learning opportunities that foster innovation and development
- People with Disabilities: Empowering individuals with disabilities through targeted support
Grantmaking
The Priem Family Foundation operates through trustee-directed grantmaking rather than formal grant programs. The foundation does not accept unsolicited proposals and proactively identifies organizations it supports by invitation only.
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Geographic Focus
Where this funder awards grants
The foundation funds primarily in two regions:
- San Francisco Bay Area, California
- Troy, New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $142,268,350
- Total Annual Giving: $28,987,743
- Total Revenues: $7,557,820
- Total Expenses: $30,614,309
- Total Liabilities: $3,150,000
The foundation maintains significantly larger assets compared to other nonprofits in California and has consistently reported income above average for the state.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $124,585,338 | $142,268,350 | $165,898,406 |
| Revenue | $11,387,095 | $7,557,820 | $14,546,620 |
| Expenses | $30,195,392 | $30,614,309 | $16,452,496 |
| Qualifying Distributions | $28,769,574 | $29,215,065 | $14,955,627 |
| Net Investment Income | $10,179,442 | $6,581,909 | $12,554,304 |
| Distributable Amount | $6,614,891 | $7,621,729 | $8,835,689 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Curtis R. Priem: Director, President, CEO; founder and visionary
- Cindi Priem: Co-leader with Curtis
- Edward Miles: Director, Vice President
- Fred B Weil: Assistant Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CURTIS PRIEM | DIRECTOR, PRESIDENT, CEO | 10 | — |
| EDWARD MILES | DIRECTOR, VICE PRESIDENT | 10 | — |
| FRED B WEIL | ASSISTANT SECRETARY | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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