Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE THIEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2121 AVENUE OF THE STARS 3300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90067
A Employer identification number

20-3846597
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$44,447,969J 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) 4,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 178,921 245,062  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,508,328
b Gross sales price for all assets on line 6a 4,778,208
7 Capital gain net income (from Part IV, line 2)... 2,066,291
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
List of Attached Documents:
// Content
1,553,439 1,203,439  
12 Total. Add lines 1 through 11........ 8,240,688 3,514,792  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 285,000 165,300   119,700
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
93,162 47,514   45,648
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
203,917 81,567   122,350
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
269,850 390,693   131,751
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
21,193 13,398   0
19 Depreciation (attach schedule) and depletion... 4,800 4,800  
20 Occupancy.............. 1,500 750   750
21 Travel, conferences, and meetings....... 212,739 61,696   151,042
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
66,286 21,652   44,634
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,158,447 787,370   615,875
25 Contributions, gifts, grants paid....... 2,157,763 4,334,013
26 Total expenses and disbursements. Add lines 24 and 25 3,316,210 787,370   4,949,888
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,924,478
b Net investment income (if negative, enter -0-) 2,727,422
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 5,815,594 8,038,832 8,038,832
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow10,000
Less: allowance for doubtful accounts right arrow   41,700 10,000 10,000
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 57,168 69,149 69,149
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 9,755 0 0
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 22,657,986 Click to see attachment
List of Attached Documents:
// Content
36,316,285 		36,316,285
14 Land, buildings, and equipment: basis right arrow53,571
Less: accumulated depreciation (attach schedule) right arrow45,231 1,951 8,340 8,340
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,023 		Click to see attachment
List of Attached Documents:
// Content
5,363 		Click to see attachment
List of Attached Documents:
// Content
5,363
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,591,177 44,447,969 44,447,969
Liabilities 17 Accounts payable and accrued expenses.......... 122,474 23,363
18 Grants payable................. 3,162,500 986,250
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
27,442
23 Total liabilities (add lines 17 through 22)......... 3,284,974 1,037,055
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 25,306,203 43,410,914
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 25,306,203 43,410,914
30 Total liabilities and net assets/fund balances (see instructions). 28,591,177 44,447,969
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
25,306,203
2
Enter amount from Part I, line 27a .....................
2
4,924,478
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
13,180,233
4
Add lines 1, 2, and 3 ..........................
4
43,410,914
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
43,410,914
Form 990-PF (2023)
Form 990-PF (2023)
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 PUBLICLY TRADED STOCK   2022-07-09 2023-02-06
b PUBLICLY TRADED STOCK   2023-09-21 2023-10-25
c FOXTROT P 2016-07-22 2023-12-31
d K-1 - REALIZED GAIN P 2022-01-01 2023-12-31
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 2,601,813   2,461,917 139,896
b 18,418     18,418
c     250,000 -250,000
d 2,157,977     2,157,977
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       139,896
b       18,418
c       -250,000
d       2,157,977
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 2,066,291
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
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 37,911
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 37,911
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 37,911
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 63,300
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 63,300
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 25,389
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow25,389 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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 the instructions
for the 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, 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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.THIELFOUNDATION.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (323) 990-2000

Located atright arrow2121 AVENUE OF THE STARS 3300LOS ANGELESCA ZIP+4right arrow90067
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
BLAKE MASTERS DIRECTOR
1.00 		0 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
JASON CAMM DIRECTOR
1.00 		0 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
SONIA ARRISON DIRECTOR
1.00 		0 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
AJAY ROYAN DIRECTOR
1.00 		0 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
DAVID WHEELOCK PRESIDENT
1.00 		0 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
MATTHEW ALEXANDER TREASURER/SECRETARY
1.00 		0 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
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
STEVE FRIENDLANDER PROGRAM MANAGER
40.00 		175,000 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
TREVOR MERRILL PROGRAM MANAGER
40.00 		110,000 0 0
2121 AVENUE OF THE STARS 3300
LOS ANGELES,CA90067
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
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
BREAKOUT MANAGEMENT CONSULTING SERVICES 225,000
38 KEYES AVE
SAN FRANCISCO,CA94129
MCDERMOTT WILL EMERY LLP LEGAL SERVICES 86,294
444 WEST LAKE STREET SUITE 400
CHICAGO,IL60606
WHEELER ACCOUNTANTS LLP ACCOUNTING SERVICES 81,009
1475 SARATOGA AVE STE 100
SAN JOSE,CA95129
TORCH COMMUNICATIONS LLC PUBLIC RELATIONS 74,446
PO BOX 502
SAN FRANCISCO,CA94104
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-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 VIII-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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
172,470
b
Average of monthly cash balances.......................
1b
4,327,602
c
Fair market value of all other assets (see instructions)................
1c
36,316,285
d
Total (add lines 1a, b, and c).........................
1d
40,816,357
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
40,816,357
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
612,245
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
40,204,112
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,010,206
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,010,206
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
37,911
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
37,911
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,972,295
4
Recoveries of amounts treated as qualifying distributions................
4
1,550,025
5
Add lines 3 and 4............................
5
3,522,320
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 XII, line 1 ...
7
3,522,320
Part XI
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
4,949,888
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
4,949,888
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 3,522,320
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 6,226,513
b From 2019...... 5,563,506
c From 2020...... 1,500,560
d From 2021...... 8,024,717
e From 2022...... 2,477,395
f Total of lines 3a through e ........ 23,792,691
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,949,888
a Applied to 2022, 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 2023 distributable amount..... 3,522,320
e Remaining amount distributed out of corpus 1,427,568
5 Excess distributions carryover applied to 2023. 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 25,220,259
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		6,226,513
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		18,993,746
10 Analysis of line 9:
a Excess from 2019.... 5,563,506
b Excess from 2020.... 1,500,560
c Excess from 2021.... 8,024,717
d Excess from 2022.... 2,477,395
e Excess from 2023.... 1,427,568
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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).)
PETER THIEL
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 right arrow
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 (2023)
Form 990-PF (2023)
Page 11
Part XIV
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

DONORSTRUST

1800 DIAGONAL ROAD SUITE 280
ALEXANDRIA,VA22314 		  PC GENERAL FOUNDATION GRANT 1,276,111
AKSHAYA DINESH


2362 BERKSHIRE LANE
NORTH BRUNSWICK,NJ08902 		  I FELLOWSHIP GRANT 50,000
ALEXANDER TAYLOR


730 LINCOLN LAKE AVE SE BLDG 3
LOWELL,MI49331 		  I FELLOWSHIP GRANT 50,000
ALEXANDRE SINGER


18117 BISCAYNE BLVD SUITE 2039
MIAMI,FL33160 		  I FELLOWSHIP GRANT 50,000
ALFONSO DE LOS RIOS VILLAREAL


LOMA REDONDA 2712
LOMAS DE SAN FRANCISCO,MONTERREY64710
MX 		  I FELLOWSHIP GRANT 50,000
ANA CORNELL


1701 BIG BEND BLVD
FAIRVIEW,TX75069 		  I FELLOWSHIP GRANT 50,000
ARIANA ISABEL SOKOLOV


1430 GALAXY DR
NEWPORT BEACH,CA92660 		  I FELLOWSHIP GRANT 50,000

ART PRESS

8 RUE FRANCOIS VILLON
PARIS   75015
FR 		  NC IMITATIO GRANT 11,152

ASSOCIATION RECHERCHES MIMETIQUES

42 RUE DIDEROT
MONTREUIL   93100
FR 		  NC IMITATIO GRANT 80,000
BENJAMIN BOTVINICK


1823 HAMILTON AVE
PALO ALTO,CA94303 		  I FELLOWSHIP GRANT 50,000
BENJAMIN NASHMAN


46 FOREST HILL ROAD
TORONTO,ONTARIO  
CA 		  I FELLOWSHIP GRANT 50,000
BENOIT CHANTRE


24 RUE DE LENTREPONT
AMBOISE   37400
FR 		  I IMITATIO GRANT 80,000

COLLOQUIUM ON VIOLENCE AND RELIGION

901 GREENE STREET
AUGUSTA,GA30910 		  PC IMITATIO GRANT 8,000
DAYTON MILLS


3022 HUNTS POINT RD
HUNTS POINT,WA98004 		  I FELLOWSHIP GRANT 50,000
EDWARD BECCLE


20 CHURCH ENDSTANDLAKE OXFORDSHIRE
WHITNEY    
UK 		  I FELLOWSHIP GRANT 50,000
ERIK LARSON


300 NORTH PARKER AVE APT C
BRYAN,TX77803 		  I GENERAL FOUNDATION GRANT 120,000
ETHAN THORNTON


100 LANDSDOWNE STREET
CAMBRIDGE,MA02139 		  I FELLOWSHIP GRANT 50,000
EUNBIN LEE


EL TAIHUEN E2 DPTO 44 LO BARNECHEA
REGION METROPOLITANA
SANTIAGO    
CI 		  I FELLOWSHIP GRANT 50,000
GEFFEN AVRAHAM


136 BAKER ST
SAN FRANCISCO,CA94117 		  I FELLOWSHIP GRANT 50,000

GLASS DARKLY FILMS INC

212 BARRINGTON LANE
BOURBONNAIS,IL60914 		  NC IMITATIO GRANT 80,000
HUGO CHROST


PULKU PIECHOTY 2/12
LESZNO   64100
PL 		  I FELLOWSHIP GRANT 75,000
IAN MICHAEL BROCK


1510 E 55TH STREET UNIT 15174
CHICAGO,IL60615 		  I FELLOWSHIP GRANT 50,000
JAKE RYDER ADLER


207 STRATHALLAN BLVD
TORONTO,ONTARIO  
CA 		  I FELLOWSHIP GRANT 50,000
JAMES ALLISON


CALLE DE SILVA 25 5B
MADRID   28004
SP 		  I IMITATIO GRANT 95,000
JAMES DACOMBE


5 RIVERLIGHT QUAY APT 18NINE ELMS
LONDON    
UK 		  I FELLOWSHIP GRANT 50,000
JEAN-PIERRE DUPUY


11 RUE DARCOLE
PARIS   95004
FR 		  I IMITATIO GRANT 40,000
JOHN CIOCCA


13093 SW VERMILLION CIRCLE
PORT SAINT LUCIE,FL34987 		  I FELLOWSHIP GRANT 50,000
JOHN GUIBAS


4165 WILLMAR DR
PALO ALTO,CA94306 		  I FELLOWSHIP GRANT 50,000
JOHN MCELHONE


5214F DIAMOND HEIGHTS BLVD 3244
SAN FRANCISCO,CA94131 		  I FELLOWSHIP GRANT 50,000
KAI MICAH MILLS


1618 E 3300 S
SALT LAKE CITY,UT84106 		  I FELLOWSHIP GRANT 50,000
KESAVA KIRUPA DINAKARAN


2255 BUSH ST APT 10
SAN FRANCISCO,CA94115 		  I FELLOWSHIP GRANT 50,000
KIAN SADEGHI


584 BROADWAY
NEW YORK,NY10012 		  I FELLOWSHIP GRANT 50,000
LADA NUZHNA


1010 16TH ST
SAN FRANCISCO,CA94107 		  I FELLOWSHIP GRANT 50,000

LEO STRAUSS FOUNDATION

1925 WEST PATTERSON
CHICAGO,IL60613 		  PC GENERAL FOUNDATION GRANT 100,000

LUMEN CHRISTI INSTITUTE

1220 E 58TH ST
CHICAGO,IL60637 		  PC IMITATIO GRANT 60,000
MARK ANSPACH


INTERNO 6 VIA GOITO 8
BOLOGNA   40126
IT 		  I IMITATIO GRANT 65,000
MARKIE WAGNER


7007 WASHINGTON AVENUE
WHITTIER,CA90062 		  I FELLOWSHIP GRANT 50,000
MICHAEL LEE


3233 HARMON AVENUE UNIT 580
AUSTIN,TX78705 		  I FELLOWSHIP GRANT 50,000
MICHAEL IOFFE


524 MANHATTAN AVE 4A
BROOKLYN,NY11222 		  I FELLOWSHIP GRANT 50,000
NASTASSIA PONOMARENKO


44 JIM ELDER DR
CAMPBELL,CA95008 		  I FELLOWSHIP GRANT 37,500
NIKITA SHEVCHENKO


611 SAN LUISITO WAY
SUNNYVALE,CA94085 		  I FELLOWSHIP GRANT 50,000
NIVRITI KIARA NIRGHIN


401 HARRISON ST
SAN FRANCISCO,CA94105 		  I FELLOWSHIP GRANT 50,000
OLIVER EDHOLM


GRYCKSBOVAGEN 39ENSKEDE
STOCKHOLM   12247
SW 		  I FELLOWSHIP GRANT 75,000
QUINN FAVRET


2102 CITYWEST
HOUSTON,TX77042 		  I FELLOWSHIP GRANT 50,000
RAINA JAIN


6 GERALD CT
RIVERSIDE,CT06878 		  I FELLOWSHIP GRANT 50,000
REISS JONES


18A CHESTER ROAD MACCLESFIELD
CHESHIRE    
UK 		  I FELLOWSHIP GRANT 50,000
RYAN PARK


105-1002 HYUNDAIMORNINGSIDE1-CHA
APT SINHYEON-RO OPO-EUP
GWANGJUSI,GYEONGGI-DO  
KS 		  I FELLOWSHIP GRANT 50,000
SAMARTH ATHREYA


4287 COUPLES CRESCENT
BURLINGTON,ONTARIO  
CA 		  I FELLOWSHIP GRANT 50,000
SARA DU


1 IRVING PL APT V26C
NEW YORK,NY10003 		  I FELLOWSHIP GRANT 50,000
STEVE LENZNER


250 COLLEGE PARK DRIVE APT P35
UPLAND,CA91786 		  I GENERAL FOUNDATION GRANT 50,000
SUNG HYUN MO


653 ARCADIA ROAD
RIDGEWOOD,NJ07450 		  I FELLOWSHIP GRANT 50,000
TAMARA CHAYO ROMO


81 LAFAYETTE ST
SAN FRANCISCO,CA94103 		  I FELLOWSHIP GRANT 50,000
TEJAS MANOHAR


9821 ALBEMARLE LANE
BRENTWOOD,TN37027 		  I FELLOWSHIP GRANT 50,000

THE CATHOLIC UNIVERSITY OF AMERICA

620 MICHIGAN AVE NE
WASHINGTON,DC20064 		  PC IMITATIO GRANT 5,000

THE CORNERSTONE FORUM

19201 HIGHWAY 12 221
SONOMA,CA95476 		  PC IMITATIO GRANT 65,000
TOBIAS HUBER


STEINWIESSTRASSE 63
ZURICH    
SZ 		  I IMITATIO GRANT 11,250
TYLER BERNSTEIN


709 G ST STE 300
WASHINGTON,DC20001 		  I FELLOWSHIP GRANT 50,000
VICTOR CARDENAS


434 UNION STREET
SAN FRANCISCO,CA94133 		  I FELLOWSHIP GRANT 50,000
RACHEL XU


7414 BRAIDBURN AVENUE
NEWARK,CA94560 		  I FELLOWSHIP GRANT 50,000
Total .................................right arrow 3a 4,334,013
bApproved for future payment
TOBIAS HUBER

STEINWIESSTRASSE 63
ZURICH    
SZ 		  I IMITATIO GRANT 11,250
Total ................................. right arrow 3b 11,250
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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 ....     14 178,921  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,508,328  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGRANT CONVERSION 		        1,550,025
bROYALTIES     15 3,414  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,690,663 1,550,025
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,240,688
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11 THE RECOVERED GRANT INCOME IS RELATED TO THE FOUNDATION'S GRANT
11 PROGRAM, SOME OF WHICH INCLUDES GRANTS THAT, IF THE GRANTEE ACHIEVES
11 OUTSIDE EQUITY FINANCING, THE FOUNDATION HAS THE OPPORTUNITY TO
11 RECOVER THE GRANT AND INVEST ON FAVORABLE TERMS.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
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
2023
Name of the organization
THE 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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE THIEL FOUNDATION
  		Employer identification number
20-3846597
Part I
Contributors
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
2121 AVENUE OF THE STARS 3300
 
LOS ANGELES, CA90067

$ 4,000,000


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE 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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE 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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 203,917 81,567   122,350

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TY 2023 ExpenditureResponsibilityStmt
Name:
THE 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
ASSOCIATION RECHERCHES MIMETIQUES
  		AD POSTALE 24 RUE DE IENTREPONT
AMBOISE   37400
FR 		2023-02-15 80,000 FOR TEACHING AND EDITING CONCERNING MIMETIC THEORY. 80,000 N/A 02/02/2024    
GLASS DARKLY FILMS INC
  		212 BARRINGTON LANE
BOURBONNAIS,IL60914 		2023-08-25 80,000 IMITATIO GRANT 80,000 N/A 02/01/2024    
ART PRESS
  		8 RUE FRANCOIS VILLON
PARIS    
FR 		2023-06-30 11,152 IMITATIO GRANT 11,152 N/A 11/15/2024    

TY 2023 InvestmentsOtherSchedule2
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GIFS.COM FMV 230,000 230,000
FOUNTAIN FMV 250,000 250,000
FUND II FMV 2,000,000 2,000,000
FUND III FMV 1,590,000 1,590,000
LUMINAR TECHNOLOGIES INC. FMV 79,953 79,953
KISAN INC. FMV 600,000 600,000
BREAKOUT VENTURES LP FMV 1,546,101 1,546,101
CAFE X TECHNOLOGIES FMV 250,000 250,000
FORGE TECHNOLOGIES FMV 923,439 923,439
DOPPLERTECHNOLOGIES INC. FMV 100,000 100,000
PLAY NICE LTD FMV 200,000 200,000
HORSESHOE MAG, INC FMV 686,500 686,500
BREAKOUT VENTURES II, LP FMV 1,775,000 1,775,000
BRINC DRONES INC FMV 249,984 249,984
CYTOVALE INVESTMENT FMV 699,720 699,720
QUINCE THERAPUTICS (CORTEXYME) FMV 16,070 16,070
AZITRA INVESTMENT FMV 175,861 175,861
C2SENSE INVESTMENT FMV 16,340 16,340
OPUS 12 INVESTMENT FMV 5,564,043 5,564,043
FLIGHT WAVE INVESTMENT FMV 123,310 123,310
EPIBONE INVESTMENT FMV 964,115 964,115
UBIQD INVESTMENT FMV 933,269 933,269
GLYSCEND INVESTMENT FMV 624,989 624,989
NANOGRIPTECH INVESTMENT FMV 795,717 795,717
MAXTERIAL INVESTMENT FMV 686,260 686,260
INHALON INVESTMENT FMV 1,738,300 1,738,300
CURIE INVESTMENT FMV 1,663,932 1,663,932
G-TECH INVESTMENT FMV 597,401 597,401
SEATREC INVESTMENT FMV 849,150 849,150
DROPGENIE, INC FMV 630,537 630,537
ENTOPSIS, LLC FMV 316,728 316,728
ENVISAGENICS INC. FMV 2,275,001 2,275,001
EXABYTE INC. FMV 750,015 750,015
IMMUSOFT FMV 202,334 202,334
MODERN MEADOW FMV 980,189 980,189
CYTEGEN FMV 992,192 992,192
NAPIGEN FMV 625,008 625,008
STRATEOS (FORMERLY 3SCAN) AT COST 655,438 655,438
INSPIROTEC AT COST 56,334 56,334
ZYMOCHEM FMV 2,903,055 2,903,055

TY 2023 LegalFeesSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 93,162 47,514   45,648


TY 2023 OtherAssetsSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DOMAIN NAME 7,023 5,363 5,363


TY 2023 OtherExpensesSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 66,286 21,652   44,634


TY 2023 OtherIncomeSchedule2
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GRANT CONVERSION 1,550,025 1,550,025 1,550,025
ROYALTIES 3,414 3,414 3,414


TY 2023 OtherIncreasesSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Description Amount
UNREALIZED GAINS 13,159,159
PRIOR PERIOD ADJUSTMENT 21,074


TY 2023 OtherLiabilitiesSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLES 0 13,054
ACCRUED EXPENSES 0 14,388


TY 2023 OtherProfessionalFeesSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 269,850 138,100   131,751
K-1 OTHER DEDUCTIONS 0 252,593   0


TY 2023 TaxesSchedule
Name:
THE THIEL FOUNDATION
EIN:
20-3846597
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES 21,193 13,398   0