Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Thiel Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)9200 W Sunset Blvd No 1110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
West Hollywood, CA90069
A Employer identification number

20-3846597
B Telephone number (see instructions)

(323) 990-2000
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$12,369,873J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 57,994
b Gross sales price for all assets on line 6a 57,994
7 Capital gain net income (from Part IV, line 2)... 57,994
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 350,000 -21,972  
12 Total. Add lines 1 through 11........ 2,907,994 36,022  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 378,481 11,545   263,031
15 Pension plans, employee benefits....... 37,531 1,905   18,132
16a Legal fees (attach schedule)......... Click to see attachment 29,179 38   28,804
b Accounting fees (attach schedule)....... Click to see attachment 87,605 8,761   0
c Other professional fees (attach schedule).... Click to see attachment 977,920 916   968,756
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,678 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,108 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 216,824 0   191,913
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 640,043 0   571,771
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,379,369 23,165   2,042,407
25 Contributions, gifts, grants paid....... 4,528,833 4,650,450
26 Total expenses and disbursements. Add lines 24 and 25 6,908,202 23,165   6,692,857
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,000,208
b Net investment income (if negative, enter -0-) 12,857
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,378,797 3,397,250 3,397,250
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 8,053 16,000 16,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 9,205,663 Click to see attachment205,663 205,663
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,095,000 Click to see attachment8,742,500 8,742,500
14 Land, buildings, and equipment: basis bullet38,465
Less: accumulated depreciation (attach schedule) bullet35,368 10,205 Click to see attachment3,097 3,097
15 Other assets (describe bullet) Click to see attachment5,363 Click to see attachment5,363 Click to see attachment5,363
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,703,081 12,369,873 12,369,873
Liabilities 17 Accounts payable and accrued expenses.......... 23,597 27,264
18 Grants payable................. 2,142,966 2,021,299
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment215,000 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 2,381,563 2,048,563
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 14,321,518 10,321,310
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 14,321,518 10,321,310
31 Total liabilities and net assets/fund balances (see instructions). 16,703,081 12,369,873
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
14,321,518
2
Enter amount from Part I, line 27a .....................
2
-4,000,208
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,321,310
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
10,321,310
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Apple Inc - Deskconnect Inc P 2015-12-30 2018-09-21
b Apple Inc - Deskconnect Inc P 2015-12-30 2018-10-10
c Apple Inc - Deskconnect Inc P 2015-12-30 2018-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 55,729     55,729
b 1,393     1,393
c 872     872
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       55,729
b       1,393
c       872
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 57,994
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 9,651,537 7,934,859 1.216346
2016 9,737,408 10,459,980 0.930920
2015 9,402,422 20,766,113 0.452777
2014 11,174,632 28,057,990 0.398269
2013 7,871,712 20,197,046 0.389746
2
Total of line 1, column (d) .....................
2
3.388058
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.677612
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
9,329,453
5
Multiply line 4 by line 3......................
5
6,321,749
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
129
7
Add lines 5 and 6........................
7
6,321,878
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,692,857
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 129
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 129
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 129
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 129
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, DE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.thielfoundation.org
    14
    The books are in care ofbulletThe Organization Telephone no.bullet (323) 990-2000

    Located atbullet9200 W Sunset Blvd Ste 1110West HollywoodCA ZIP+4bullet90069
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletNZ
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Peter Thiel Chairman of the Board
    2.00     		0 0 0
    9200 W Sunset Blvd Ste 1110
    West Hollywood,CA90069
    Mathew Alexander Treasurer/Secretary
    1.00     		0 0 0
    9200 W Sunset Blvd Ste 1110
    West Hollywood,CA90069
    Ajay Royan Director
    1.00     		0 0 0
    9200 W Sunset Blvd Ste 1110
    West Hollywood,CA90069
    Sonia Arrison Director
    1.00     		0 0 0
    9200 W Sunset Blvd Ste 1110
    West Hollywood,CA90069
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Alison Dias Program Manager
    40.00     		190,631 2,559 0
    9200 W Sunset Blvd Ste 1110
    West Hollywood,CA90069
    Kathryn Strupp Program Manager
    40.00     		135,734 6,309 0
    9200 W Sunset Blvd Ste 1110
    West Hollywood,CA90069
    Trevor Merrill Program Manager
    40.00     		72,400 0 0
    9200 W Sunset Blvd Ste 1110
    West Hollywood,CA90069
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Altour Travel 160,716
    1270 Avenue of the Americas
    New York,NY10020
    Torch Communications Media consulting 99,712
    9 Lafayette st 9
    San Francisco,CA94103
    Michigan State University Press Printing and Advertising 71,611
    1405 South Harrison Rd Rm 25
    East Lansing,MI48823
    CCA LLP Accounting 65,795
    2300 Contra Costa Blvd Ste 220
    Pleasant Hill,CA94523
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,355,142
    b
    Average of monthly cash balances.......................
    1b
    1,116,384
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,471,526
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,471,526
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    142,073
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,329,453
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    466,473
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    466,473
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    129
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    129
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    466,344
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    466,344
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    466,344
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    6,692,857
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,692,857
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    129
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,692,728
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 466,344
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 6,861,860
    b From 2014...... 10,018,154
    c From 2015...... 8,595,744
    d From 2016...... 9,214,409
    e From 2017...... 8,860,419
    fTotal of lines 3a through e........ 43,550,586
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,692,857
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 466,344
    e Remaining amount distributed out of corpus 6,226,513
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 49,777,099
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		6,861,860
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		42,915,239
    10 Analysis of line 9:
    a Excess from 2014.... 10,018,154
    b Excess from 2015.... 8,595,744
    c Excess from 2016.... 9,214,409
    d Excess from 2017.... 8,860,419
    e Excess from 2018.... 6,226,513
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Alexander Rodrigues
    3766 21st Street
    San Francisco,CA94114     		None Individual Thiel Fellowship Grant 20,833
    Alexandra Smith
    14 Savin Hill Court
    Boston,MA02125     		None Individual Thiel Fellowship Grant 20,833
    Andre Bertram
    37 Medhurst Rd
    Toronto,OntarioM4B1B2
    CA     		None Individual Thiel Fellowship Grant 25,000
    Andrew Sampson
    2015 2nd Ave Unit 810
    Seattle,WA98121     		None Individual Thiel Fellowship Grant 25,000
    Aparna Krishnan
    1155 Howard St Apt 11
    San Francisco,CA94103     		None Individual Thiel Fellowship Grant 25,000
    Ashish Pandhi
    323 E 78th St Apt 1C
    New York,NY10075     		None Individual Thiel Fellowship Grant 50,000
    Association Recherches Mimetique
    42 RUE Diderot
    Montreal   93100
    FR     		None Nonprofit Foreign En Imitatio Grant -support for educational events 80,000
    Axel Ericsson
    2121 Webster St Apt 208
    San Francisco,CA94115     		None Individual Thiel Fellowship Grant 25,000
    Benoit Chantre
    42 RUE Diderot
    Montreal,Pas-de-Calais  
    FR     		None Individual Imitatio Grant - support for research and writing about mimetic theory 80,000
    Brian Truong
    39 Sidney Pl Apt 5
    Brooklyn,NY11201     		None Individual Thiel Fellowship Grant 12,500
    Christian Owens
    Apt 12 20 Gainsford Street
    London   SE12PG
    UK     		None Individual Thiel Fellowship Grant 20,833
    Colloquium on Violence & Religion
    3206 W Wimbledon Drive
    Augusta,GA30909     		None PC Imitatio Grant - support for educational events 8,000
    Colton Jang
    338 Main Street 33D
    San Francisco,CA94105     		None Individual Thiel Fellowship Grant 50,000
    Cornerstone Forum
    PO Box 269
    Sonoma,CA95476     		None C-Corp Imitatio Grant - support for writing about mimetic theory 65,000
    Curie Co Inc
    64 Thompson St 19
    New York,NY10012     		None C-Corp Breakout Labs Grant - development of a new class of sustainable and safe industrial enzymes for consumer products 500,000
    Cynthia Sol Chen
    1001 Mariposa St Apt 310
    San Francisco,CA94107     		None Individual Thiel Fellowship Grant 50,000
    Cynthia Haven
    PO Box 18530
    Stanford,CA94309     		None Individual Imitatio Grant - support for writing and teaching about mimetic theory 5,000
    Daniel Zachary Ternyak
    3116 W Lake 420
    Minneapolis,MN55416     		None Individual Thiel Fellowship Grant 25,000
    Daria Evdokimova
    4105 Pacific Ave Unit 7
    Marina Del Rey,CA90292     		None Individual Thiel Fellowship Grant 50,000
    David Gornoski
    2161 E County Road 540A 231
    Lakeland,FL33813     		None Individual Imitatio Grant - support for research and writing about mimetic theory 40,000
    Dean Travers
    6B Athens St
    Cambridge,MA02138     		None Individual Thiel Fellowship Grant 50,000
    Divyaditya Shrivastava
    7070 Sedge Dr
    Lewis Center,OH43035     		None Individual Thiel Fellowship Grant 25,000
    Erin Smith
    PO Box 11115
    Santa Clara,CA94309     		None Individual Thiel Fellowship Grant 25,000
    Eva Yingchong Shang
    1345 Church St
    San Francisco,CA94114     		None Individual Thiel Fellowship Grant 20,833
    Flight Wave
    1119 Colorado Ave Suite 12
    Santa Monica,CA90401     		None C-Corp Breakout Labs Grant - development of innovative drone technology 225,000
    Frederick Edward Turner
    1 Vista Montana Apt 5428
    San Jose,CA95134     		None Individual Thiel Fellowship Grant 50,000
    Gemma Rodriguez Busoni
    3207 Ellenda Ave
    Los Angeles,CA90034     		None Individual Thiel Fellowship Grant 25,000
    George Dunn
    5033 Evanston Ave
    Indianapolis,IN46205     		None Individual Imitatio Grant - support for writing and teaching about mimetic theory 37,500
    Gregory B Tseng
    28 Kessler Farm Drive 609
    Nashua,NH03063     		None Individual Thiel Fellowship Grant 25,000
    Helson Jose Taveras
    260 King Street 779
    San Francisco,CA94107     		None Individual Thiel Fellowship Grant 50,000
    Hunter Rosenblume
    3434 Russell St Ste 406
    Detroit,MI48207     		None Individual Thiel Fellowship Grant 10,417
    Iddo Jonathan Gino
    8 10th St Apt 3711
    San Francisco,CA94103     		None Individual Thiel Fellowship Grant 50,000
    Ivonna Dumayan
    110 Corcoran St
    Durham,NC27701     		None Individual Thiel Fellowship Grant 20,833
    James Alison
    Calle de Pelayo 42 2DR
    Madrid   28004
    SP     		None Individual Imitatio Grant - support for writing and teaching about mimetic theory 95,000
    James Boehm
    7811 NE 198th ST
    Kenmore,WA98028     		None Individual Thiel Fellowship Grant 20,833
    James Cox
    114 Victoria Drive
    London   SW19 6PS
    UK     		None Individual Thiel Fellowship Grant 25,000
    James Graham
    24 Bayard St
    Allston,MA02134     		None Individual Thiel Fellowship Grant 50,000
    Jean Pierre Dupuy
    5 Rue de labb de lpe
    Paris   75005
    FR     		None Individual Imitatio Grant - support for research and writing about mimetic theory 40,000
    Jesper Theil Thomsen
    Reventlowsgade 16 5tv
    Copenhagen   1651
    DA     		None Individual Thiel Fellowship Grant 50,000
    Jordon Decicco - Sunniva Cafe Inc
    161 Bowery Fl 5
    New York,NY10002     		None Individual Thiel Fellowship Grant 50,000
    Jorge Izquierdo
    Weinbergstrasse 40
    Zug   6300
    SZ     		None Individual Thiel Fellowship Grant 50,000
    Joseph Charles Krug
    4241 Santa Rita Rd
    El Sobrante,CA94803     		None Individual Thiel Fellowship Grant 20,833
    Joseph Varikooty Amber Agriculture
    2519 N Califronia Ave Apt 2R
    Chicago,IL60642     		None Individual Thiel Fellowship Grant 25,000
    Josh Sakhai
    135 Christopher St
    New York,NY10014     		None Individual Thiel Fellowship Grant 25,000
    Joshua Browder
    100 Van Nes Ave Apt 2013
    San Francisco,CA94102     		None Individual Thiel Fellowship Grant 25,000
    Julian Rios Cantu
    Fresnos 118 Santa Engracia
    San Pedro Garza Garca,Monterrey Nuevo N66267
    MX     		None Individual Thiel Fellowship Grant 25,000
    Kimberlie Le
    1933 Davis St Ste 310B
    San Leandro,CA94577     		None Individual Thiel Fellowship Grant 25,000
    Lani Lazzari
    1655 Fifth Ave Apt 312
    Pittsburgh,PA15219     		None Individual Thiel Fellowship Grant 50,000
    Laura Vaughan
    722 Alcatraz Ave Unit 100
    Oakland,CA94609     		None Individual Thiel Fellowship Grant 50,000
    Liam Christopher Berryman
    7717 Claremont Ave
    Berkeley,CA94705     		None Individual Thiel Fellowship Grant 25,000
    Lucas Demetri Sophinos
    500 W Harbor Drive Unit 1507
    Ssn Diego,CA92101     		None Individual Thiel Fellowship Grant 20,833
    Mark Anspach
    Via Goito 8 Interno 6
    Bologna   40216
    IT     		None Individual Imitatio Grant - support for research and writing about mimetic theory 65,000
    Mark Prokoudine
    1085 Homer Street Unit 310
    Vancouver,British ColumbiaV6B 2X5
    CA     		None Individual Thiel Fellowship Grant 50,000
    Megan Grassell
    PO Box 6904
    Jackson,WY83002     		None Individual Thiel Fellowship Grant 20,833
    Meghan E Sharkus
    1721 W Lake St Apt 3
    Minneapolis,MN55408     		None Individual Thiel Fellowship Grant 25,000
    Micah Gabriel Estis Green
    1106 West 6th Street Unit 213
    Austin,TX78703     		None Individual Thiel Fellowship Grant 62,500
    Newbigin House of Studies
    1388 Sutter St Suite 412
    San Francisco,CA94109     		None C-Corp Imitatio Grant - support for writing and teaching about mimetic theory 15,000
    Nicholas Shekerdemian
    201 E 21st St
    New York,NY10010     		None Individual Thiel Fellowship Grant 50,000
    Orion BioScience Inc
    1009 Moundridge Dr
    Lawrence,KS66049     		None C-Corp Breakout Labs Grant - development of a novel therapeutic platform to reverse autoimmune diseases including Type I Diabetes 350,000
    Pamela Valdes Esteva
    Eje 5 Sur San Antonio 188 303
    Ciudad de los deportes Ci   03710
    MX     		None Individual Thiel Fellowship Grant 20,833
    Panashe Kudzai Mahachi
    183 Wellington St W Suite 3506
    Toronto,OntarioM5V0A1
    CA     		None Individual Thiel Fellowship Grant 20,833
    Peeyush Shrivastava
    5412 Courseview Drive Suite 150
    Mason,OH45040     		None Individual Thiel Fellowship Grant 50,000
    Pelitex Inc
    841 East Fayette St
    Syracuse,NY13210     		None C-Corp Breakout Labs Grant - development of next generation magnetic beads to enable liquid biopsy 350,000
    Peroxygen Systems Inc
    11020 Solway School Rd Ste 108
    Knoxville,TN37931     		None C-Corp Breakout Labs Grant - development of an on site electrolyzer for the synthesis of hydrogen peroxide and industrial chemicals 350,000
    Phat Le - Lyfeboat Inc
    4610 Lisa Ln
    Allentown,PA18103     		None Individual Thiel Fellowship Grant 37,500
    Prahasith Veluvolu
    14098 Colville Circle
    Carmel,IN46033     		None Individual Thiel Fellowship Grant 50,000
    Raul Jordan
    2626 N Lakeview Ave Apt 3502
    Chicago,IL60614     		None Individual Thiel Fellowship Grant 20,783
    Robert Kirstiuk
    16330 60th Ave
    Surrey,British ColumbiaV3S 1S4
    CA     		None Individual Thiel Fellowship Grant 25,000
    Robert Philipp Habermeier
    Krossenerstr Str 20
    Berlin   10245
    GM     		None Individual Thiel Fellowship Grant 25,000
    Rohith Varanasi
    199 2nd Ave Apt 3
    New York,NY10003     		None Individual Thiel Fellowship Grant 10,417
    Samuel Forcier-Poirier
    118 Highfield
    Montreal,QuebecH3P1C8
    CA     		None Individual Thiel Fellowship Grant 25,000
    Samuel Wraver Bernstein - LoftSmart
    121 Greene St FL 2
    New York,NY10002     		None Individual Thiel Fellowship Grant 50,000
    San Francisco Community Foundation
    One Embarcadero Center Suite 1400
    San Francisco,CA94111     		None PC Ainur Fund Grant 240,000
    Shahed Khan
    660 Hayes St
    San Francisco,CA94102     		None Individual Thiel Fellowship Grant 50,000
    Shakir Lakhani
    280 Lester St Unit 319
    Waterloo,OntarioN2L 3W5
    CA     		None Individual Thiel Fellowship Grant 25,000
    Sohail Prasad
    340 S Lemon Ave 4848
    Walnut,CA91789     		None Individual Thiel Fellowship Grant 20,833
    Tapabrata Ghosh
    15976 NW Heckman Ln
    Portland,OR97229     		None Individual Thiel Fellowship Grant 25,000
    Tara Bosch
    1912- 68 Smithie St
    Vancouver,British ColumbiaV6B 0P4
    CA     		None Individual Thiel Fellowship Grant 30,000
    Theology & Peace
    1116 S 7th Street
    Goshen,IN46526     		None PC Imitatio Grant - support for educational events 10,000
    William Johnsen
    1042 Lakeside Drive SE
    East Grand Rapids,MI49506     		None Individual Imitatio Grant - support for publishing series 40,000
    Zai Ming James Sun
    201 Folsom Street 7B
    San Francisco,CA94105     		None Individual Thiel Fellowship Grant 20,833
    Zaidur Rahman
    338 Main Street 12C
    San Francisco,CA94105     		None Individual Thiel Fellowship Grant 50,000
    Total .................................bullet 3a 4,650,446
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     15    
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 57,994  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRecovered Grants     		611600       350,000
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 57,994 350,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    407,994
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11 Recovered grants - Breakout Labs program
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    Thiel Foundation
     
    Employer identification number

    20-3846597
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Thiel Foundation
          		Employer identification number
    20-3846597
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Peter Thiel  
    9200 W Sunset Blvd Ste 320
     
    West Hollywood, CA90069

    		$ 2,500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Thiel Foundation
          		Employer identification number

    20-3846597
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Thiel Foundation
          		Employer identification number

    20-3846597
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fees 87,605 8,761   0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Computer equipment 2017-12-31 38,465 28,260 SL 5.000000000000 7,108 0    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Alexander Rodrigues 3766 21st Street
    San Francisco,CA94114     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 3/15/2018 2018-03-15 Grant was in compliance.
    Alexandra Smith 14 Savin Hill Court
    Boston,MA02125     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 3/29/2018 2018-03-29 Grant was in compliance.
    Andre Bertram 37 Medhurst Rd
    Toronto,OntarioM4B1B2
    CA     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/20/2018, 8/7/2018, 9/4/2018, 10/2/2018, 11/6/2018, 11/4/2018 2018-11-04 Grant was in compliance.
    Andrew Sampson 2015 2nd Ave Unit 810
    Seattle,WA98121     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 8/21/2018, 9/17/2018, 10/15/2018, 11/18/2018, 12/17/2018 2018-12-17 Grant was in compliance.
    Aparna Krishnan 1155 Howard St Apt 11
    San Francisco,CA94103     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/11/18, 8/16/18, 9/26/18, 10/10/18, 10/24/18, 11/7/18, 11/21/18,12/5/18, 11 2018-11-19 Grant was in compliance.
    Ashish Pandhi 323 E 78th St Apt 1C
    New York,NY10075     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 2/8/2018, 2/13/2018, 6/8/2018, 8/10/2018, 10/3/2018, 11/1/2018 2018-11-01 Grant was in compliance.
    Association Recherches Mimetique
          		42 RUE Diderot
    Montreal   93100
    FR     		2018-02-02 80,000 Imitatio Grant -support for educational events 80,000 No. 1/16/2019 2019-01-16 Grant was in compliance.
    Axel Ericsson 2121 Webster St Apt 208
    San Francisco,CA94115     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/12/2018, 9/18/2018, 10/23/2018, 11/5/2018 2018-11-05 Grant was in compliance.
    Benoit Chantre 42 RUE Diderot
    Montreal,Pas-de-Calais  
    FR     		2018-02-22 80,000 Imitatio Grant - support for research and writing about mimetic theory 80,000 No. 1/25/2019 2019-01-25 Grant was in compliance.
    Brian Truong 39 Sidney Pl Apt 5
    Brooklyn,NY11201     		2016-02-09 100,000 Thiel Fellowship Grant 12,500 No. 3/7/2018 2018-03-07 Grant was in compliance.
    Christian Owens Apt 12 20 Gainsford Street
    London   SE12PG
    UK     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 1/18/2018, 3/27/2018, 4/21/2018, 5/21/2018, 6/9/2018 2018-06-09 Grant was in compliance.
    Colton Jang 338 Main Street 33D
    San Francisco,CA94105     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/25/2018, 5/18/2018, 11/30/2018, 2018-11-30 Grant was in compliance.
    Cornerstone Forum
          		PO Box 269
    Sonoma,CA95476     		2018-02-07 65,000 Imitatio Grant - support for writing about mimetic theory 65,000 No. 1/14/2019 2019-01-14 Grant was in compliance.
    Curie Co Inc
          		64 Thompson St 19
    New York,NY10012     		2018-10-12 500,000 Breakout Labs Grant - development of a new class of sustainable and safe industrial enzymes for consumer products 500,000 No. 7/2/2019 2019-07-03 Grant was in compliance.
    Cynthia Sol Chen 1001 Mariposa St Apt 310
    San Francisco,CA94107     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/2/2018, 3/15/2018, 5/23/2018, 8/22/2018, 9/18/2018, 12/15/2018 2018-12-15 Grant was in compliance.
    Cynthia Haven PO Box 18530
    Stanford,CA94309     		2018-01-05 5,000 Imitatio Grant - support for writing and teaching about mimetic theory 5,000 No. 11/12/19 2019-11-13 Grant was in compliance.
    Daniel Zachary Ternyak 3116 W Lake 420
    Minneapolis,MN55416     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 8/6/2018, 9/12/2018, 10/10/2018, 11/14/2018, 12/12/2018 2018-12-12 Grant was in compliance.
    Daria Evdokimova 4105 Pacific Ave Unit 7
    Marina Del Rey,CA90292     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/19/2018, 2/21/2018, 5/15/2018, 7/12/2018, 8/13/2018, 8/16/2018, 9/18/2018, 2018-10-03 Grant was in compliance.
    David Gornoski 2161 E County Road 540A 231
    Lakeland,FL33813     		2018-02-13 40,000 Imitatio Grant - support for research and writing about mimetic theory 40,000 No. 11/6/2019 2019-11-06 Grant was in compliance.
    Dean Travers 6B Athens St
    Cambridge,MA02138     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 3/22/2018, 11/16/2018 2019-11-06 Grant was in compliance.
    Divyaditya Shrivastava 7070 Sedge Dr
    Lewis Center,OH43035     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 9/24/2018, 12/12/2018 2018-11-16 Grant was in compliance.
    Erin Smith PO Box 11115
    Santa Clara,CA94309     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 8/3/2018, 9/19/2018, 10/10/2018, 11/14/2018, 12/12/2018 2018-12-12 Grant was in compliance.
    Eva Yingchong Shang 1345 Church St
    San Francisco,CA94114     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 2/21/2018, 3/21/2018, 4/22/2018, 6/14/2018, 8/16/2018, 9/18/2018 2018-09-18 Grant was in compliance.
    Flight Wave
          		1119 Colorado Ave Suite 12
    Santa Monica,CA90401     		2018-06-16 225,000 Breakout Labs Grant - development of innovative drone technology 225,000 No. 12/4/2018 2018-12-05 Grant was in compliance.
    Frederick Edward Turner 1 Vista Montana Apt 5428
    San Jose,CA95134     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 2/21/2018, 3/22/2018, 5/23/2018, 5/23/2018, 8/16/2018, 11/13/2018 2018-11-13 Grant was in compliance.
    Gemma Rodriguez Busoni 3207 Ellenda Ave
    Los Angeles,CA90034     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/12/2018, 8/16/2018, 11/16/2019, 12/18/2018, 12/27/2018 2018-12-27 Grant was in compliance.
    George Dunn 5033 Evanston Ave
    Indianapolis,IN46205     		2018-03-14 37,500 Imitatio Grant - support for writing and teaching about mimetic theory 37,500 No. 11/14/2019 2019-11-14 Grant was in compliance.
    Gregory B Tseng 28 Kessler Farm Drive 609
    Nashua,NH03063     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/18/2018, 8/15/2018, 9/19/2018, 10/17/2018, 11/21/2018, 12/19/2018 2018-12-19 Grant was in compliance.
    Helson Jose Taveras 260 King Street 779
    San Francisco,CA94107     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/25/18, 3/16/18, 6/14/18, 7/25/18, 8/2/18, 8/23/18, 10/8/18, 10/11/18, 12 2019-12-18 Grant was in compliance.
    Hunter Rosenblume 3434 Russell St Ste 406
    Detroit,MI48207     		2016-06-15 100,000 Thiel Fellowship Grant 10,417 No. 2/20/2018 2018-02-20 Grant was in compliance.
    Iddo Jonathan Gino 8 10th St Apt 3711
    San Francisco,CA94103     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/24/2018, 2/16/2018, 3/8/2018, 6/26/2018, 8/24/2018 2018-08-24 Grant was in compliance.
    Ivonna Dumayan 110 Corcoran St
    Durham,NC27701     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 3/10/2018 2018-03-10 Grant was in compliance.
    James Alison Calle de Pelayo 42 2DR
    Madrid   28004
    SP     		2018-01-29 95,000 Imitatio Grant - support for writing and teaching about mimetic theory 95,000 No. 1/16/2019 2019-01-16 Grant was in compliance.
    James Boehm 7811 NE 198th ST
    Kenmore,WA98028     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 3/22/2018 2018-03-22 Grant was in compliance.
    James Cox 114 Victoria Drive
    London   SW19 6PS
    UK     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/12/2018, 8/12/2018, 9/13/2018, 11/8/2018 2018-11-08 Grant was in compliance.
    James Graham 24 Bayard St
    Allston,MA02134     		2018-07-16 100,000 Thiel Fellowship Grant 50,000 No. 1/4/2018, 1/31/18, 5/3/18, 6/13/18, 7/19/18, 8/2/18, 10/4/18, 10/8/18, 11/8/ 2018-11-08 Grant was in compliance.
    Jean Pierre Dupuy 5 Rue de labb de lpe
    Paris   75005
    FR     		2018-03-01 40,000 Imitatio Grant - support for research and writing about mimetic theory 40,000 No. 1/28/2019 2019-01-28 Grant was in compliance.
    Jesper Theil Thomsen Reventlowsgade 16 5tv
    Copenhagen   1651
    DA     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 3/13/2018, 5/16/2018, 12/4/2018 2018-12-04 Grant was in compliance.
    Jordon Decicco - Sunniva Cafe Inc 161 Bowery Fl 5
    New York,NY10002     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 3/15/2018, 5/17/2018, 6/9/2018, 8/16/2018, 9/28/2018, 10/3/2018, 12/6/2018 2018-12-06 Grant was in compliance.
    Jorge Izquierdo Weinbergstrasse 40
    Zug   6300
    SZ     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 2/17/2018, 5/16/2018, 10/16/2018 2018-10-16 Grant was in compliance.
    Joseph Charles Krug 4241 Santa Rita Rd
    El Sobrante,CA94803     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 4/17/2018, 5/21/2018 2018-05-21 Grant was in compliance.
    Joseph Varikooty Amber Agriculture 2519 N Califronia Ave Apt 2R
    Chicago,IL60642     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/11/2018, 9/12/2018, 10/9/2018, 11/14/2018, 12/12/2018, 2018-12-12 Grant was in compliance.
    Josh Sakhai 135 Christopher St
    New York,NY10014     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 8/14/2018, 9/11/2018, 10/3/2018, 10/9/2018, 11/15/2018, 12/11/2018 2018-12-22 Grant was in compliance.
    Joshua Browder 100 Van Nes Ave Apt 2013
    San Francisco,CA94102     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/30/2018, 9/26/2018 2018-09-26 Grant was in compliance.
    Julian Rios Cantu Fresnos 118 Santa Engracia
    San Pedro Garza Garca,Monterrey Nuevo N66267
    MX     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 914/2018, 7/11/2018, 8/15/2018, 12/16/2018, 12/13/2018 2018-12-13 Grant was in compliance.
    Kimberlie Le 1933 Davis St Ste 310B
    San Leandro,CA94577     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/13/2018, 8/16/2018, 9/18/2018, 9/28/2018, 10/11/2018, 11/19/2018, 12/6/201 2018-12-06 Grant was in compliance.
    Lani Lazzari 1655 Fifth Ave Apt 312
    Pittsburgh,PA15219     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 3/14/2018, 6/9/2018, 8/6/2018, 11/9/2018 2018-11-09 Grant was in compliance.
    Laura Vaughan 722 Alcatraz Ave Unit 100
    Oakland,CA94609     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/9/18, 2/9, 3/2, 4/4, 5/4, 6/1, 7/13, 8/3, 9/7, 8/2, 9/7, 10/5/18, 11/7/18, 2018-12-06 Grant was in compliance.
    Liam Christopher Berryman 7717 Claremont Ave
    Berkeley,CA94705     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 9/25/2018, 11/27/2018, 2018-11-27 Grant was in compliance.
    Lucas Demetri Sophinos 500 W Harbor Drive Unit 1507
    Ssn Diego,CA92101     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 1/23/2018 2018-01-23 Grant was in compliance.
    Mark Anspach Via Goito 8 Interno 6
    Bologna   40216
    IT     		2018-01-31 65,000 Imitatio Grant - support for research and writing about mimetic theory 65,000 No. 1/22/2019 2019-01-22 Grant was in compliance.
    Mark Prokoudine 1085 Homer Street Unit 310
    Vancouver,British ColumbiaV6B 2X5
    CA     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 5/21/2018 2018-05-21 Grant was in compliance.
    Megan Grassell PO Box 6904
    Jackson,WY83002     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 1/16/2018, 3/22/2018 2018-03-22 Grant was in compliance.
    Meghan E Sharkus 1721 W Lake St Apt 3
    Minneapolis,MN55408     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 9/13/2018, 10/18/2018, 11/8/2018, 11/30/2018, 12/13/2018 2018-12-13 Grant was in compliance.
    Micah Gabriel Estis Green 1106 West 6th Street Unit 213
    Austin,TX78703     		2017-07-14 100,000 Thiel Fellowship Grant 62,500 No. 2/3/18, 3/1/18, 3/6/18, 4/24/18, 5/22/18, 5/30/18, 8/9/18, 10/30/18, 12/6/18 2018-12-06 Grant was in compliance.
    Newbigin House of Studies
          		1388 Sutter St Suite 412
    San Francisco,CA94109     		2018-05-01 15,000 Imitatio Grant - support for writing and teaching about mimetic theory 15,000 No. 11/1/2019 2019-11-01 Grant was in compliance.
    Nicholas Shekerdemian 201 E 21st St
    New York,NY10010     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 7/26/2018, 10/30/2018 2019-11-01 Grant was in compliance.
    Orion BioScience Inc
          		1009 Moundridge Dr
    Lawrence,KS66049     		2018-09-17 350,000 Breakout Labs Grant - development of a novel therapeutic platform to reverse autoimmune diseases including Type I Diabetes 350,000 No. 4/29/2019 2019-04-30 Grant was in compliance.
    Pamela Valdes Esteva Eje 5 Sur San Antonio 188 303
    Ciudad de los deportes Ciudad de Mxico   03710
    MX     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 2/21/2018 2018-02-21 Grant was in compliance.
    Panashe Kudzai Mahachi 183 Wellington St W Suite 3506
    Toronto,OntarioM5V0A1
    CA     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 1/19/18, 1/21, 2/28, 3/15, 4/18/18, 6/21/18, 7/24/18, 8/21/18, 10/21/18, 11/ 2018-12-21 Grant was in compliance.
    Peeyush Shrivastava 5412 Courseview Drive Suite 150
    Mason,OH45040     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 2/28/2018, 3/21/2018, 5/11/2018, 8/23/2018, 11/27/2018 2018-11-27 Grant was in compliance.
    Pelitex Inc
          		841 East Fayette St
    Syracuse,NY13210     		2018-07-20 350,000 Breakout Labs Grant - development of next generation magnetic beads to enable liquid biopsy 350,000 No. 7/30/2019 2019-08-01 Grant was in compliance.
    Peroxygen Systems Inc
          		11020 Solway School Rd Ste 108
    Knoxville,TN37931     		2018-04-23 350,000 Breakout Labs Grant - development of an on site electrolyzer for the synthesis of hydrogen peroxide and industrial chemicals 350,000 No. 4/20/2019 2019-04-21 Grant was in compliance.
    Phat Le - Lyfeboat Inc 4610 Lisa Ln
    Allentown,PA18103     		2017-07-14 100,000 Thiel Fellowship Grant 37,500 No. 1/12/2018, 1/21/2018, 3/15/2018, 7/17/2018, 8/16/2018 2018-08-16 Grant was in compliance.
    Prahasith Veluvolu 14098 Colville Circle
    Carmel,IN46033     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 8/13/2018, 11/5/2018 2018-11-05 Grant was in compliance.
    Raul Jordan 2626 N Lakeview Ave Apt 3502
    Chicago,IL60614     		2016-06-15 100,000 Thiel Fellowship Grant 20,783 No. 1/21/2018, 2/23/2018 2008-02-23 Grant was in compliance.
    Robert Kirstiuk 16330 60th Ave
    Surrey,British ColumbiaV3S 1S4
    CA     		2017-07-14 100,000 Thiel Fellowship Grant 25,000 No. 1/16/2018, 3/12/2018, 5/22/2018, 7/16/2018, 8/16/2018, 10/4/2018, 12/17/2018 2018-12-17 Grant was in compliance.
    Robert Philipp Habermeier Krossenerstr Str 20
    Berlin   10245
    GM     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 7/16/2018, 8/2/2018, 10/4/2018, 11/17/2018 2018-11-17 Grant was in compliance.
    Rohith Varanasi 199 2nd Ave Apt 3
    New York,NY10003     		2016-06-15 100,000 Thiel Fellowship Grant 10,417 No. 2/21/2018, 3/30/2018, 6/9/2018 2018-06-09 Grant was in compliance.
    Samuel Forcier-Poirier 118 Highfield
    Montreal,QuebecH3P1C8
    CA     		2016-06-15 100,000 Thiel Fellowship Grant 25,000 No. 3/22/2018 2018-03-22 Grant was in compliance.
    Samuel Wraver Bernstein - LoftSmart 121 Greene St FL 2
    New York,NY10002     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/10/2018, 3/19/2018, 3/28/2018, 5/10/2018, 9/26/2018 2018-09-26 Grant was in compliance.
    Shahed Khan 660 Hayes St
    San Francisco,CA94102     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/26/2018, 3/3//2018, 3/10/2018, 8/7/2018, 11/13/2018 2018-11-13 Grant was in compliance.
    Shakir Lakhani 280 Lester St Unit 319
    Waterloo,OntarioN2L 3W5
    CA     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 8/12/2018, 9/12/2018, 10/10/2018, 11/14/2018, 12/12/2018 2018-12-12 Grant was in compliance.
    Sohail Prasad 340 S Lemon Ave 4848
    Walnut,CA91789     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 3/8/2018, 9/12/2018 2018-09-12 Grant was in compliance.
    Tapabrata Ghosh 15976 NW Heckman Ln
    Portland,OR97229     		2018-07-16 100,000 Thiel Fellowship Grant 25,000 No. 9/25/2018, 12/17/2018 2018-12-17 Grant was in compliance.
    Tara Bosch 1912- 68 Smithie St
    Vancouver,British ColumbiaV6B 0P4
    CA     		2017-07-14 100,000 Thiel Fellowship Grant 30,000 No. 5/8/2018, 12/7/2018, 12/20/2018 2018-12-20 Grant was in compliance.
    William Johnsen 1042 Lakeside Drive SE
    East Grand Rapids,MI49506     		2018-02-07 40,000 Imitatio Grant - support for publishing series 40,000 No. 1/14/2019 2019-01-14 Grant was in compliance.
    Zai Ming James Sun 201 Folsom Street 7B
    San Francisco,CA94105     		2016-06-15 100,000 Thiel Fellowship Grant 20,833 No. 2/21/2018, 3/15/2018, 6/27/2018, 8/16/2018, 9/18/2018 2018-09-18 Grant was in compliance.
    Zaidur Rahman 338 Main Street 12C
    San Francisco,CA94105     		2017-07-14 100,000 Thiel Fellowship Grant 50,000 No. 1/30/2018, 3/29/2018, 5/17/2018, 8/14/2018, 11/9/2018, 12/19/2018 2018-12-19 Grant was in compliance.

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Long Cash and Sweep Funds 205,663 205,663

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Other Investments FMV 8,742,500 8,742,500

    TY 2018 LandEtcSchedule2
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Computer equipment 38,465 35,368 3,097 3,097


    TY 2018 LegalFeesSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 29,179 38   28,804


    TY 2018 OtherAssetsSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Other Investments - Domain Name 5,363 5,363 5,363


    TY 2018 OtherExpensesSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Hosted events 402,914 0   388,454
    Meal and entertainment 26,682 0   14,498
    Reference materials 3,852 0   2,420
    Telephone 5,704 0   1,356
    Postage and delivery 1,240 0   1,078
    Office supplies 127 0   42
    Miscellaneous 1,147 0   885
    Licenses and permits 250 0   0
    Dues and subscriptions 11,708 0   7,465
    Contract labor 443 0   443
    Equipment 33,805 0   33,805
    Bank service charges 3,284 0   123
    Communications & PR 148,311 0   120,626
    Recruitment 576 0   576


    TY 2018 OtherIncomeSchedule2
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    1517 Fund I K-1 Interest Income   13,598  
    1517 Fund I K-1 Net LT Cap Gains   2,502  
    1517 Fund I K-1 Box 13W Portfolio Expenses   -68,682  
    BVLP K-1 Interest Income   30,610  
    Recovered Grants 350,000   350,000


    TY 2018 OtherLiabilitiesSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Description Beginning of Year - Book Value End of Year - Book Value
    Taxes Payable 215,000 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting fees 847,060 0   847,060
    Translation fees 27,400 0   27,400
    Other 94,296 0   94,296
    Payroll service fees 9,164 916   0


    TY 2018 TaxesSchedule
    Name:
    Thiel Foundation
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax 4,668 0   0
    Other taxes 10 0   0