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 DRAPER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)55 EAST 3RD AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN MATEO, CA94401
A Employer identification number

94-3256415
B Telephone number (see instructions)

(415) 601-6111
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$130,180,012J 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) 43,673
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,649,322 1,649,322  
5a Gross rents............ 14,880 14,880  
b Net rental income or (loss) 14,880
6a Net gain or (loss) from sale of assets not on line 10 -75,666,288
b Gross sales price for all assets on line 6a 25,344,760
7 Capital gain net income (from Part IV, line 2)... 0
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
19,970 19,970  
12 Total. Add lines 1 through 11........ -73,938,443 1,684,172  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
18,659 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
57,575 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,471 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
69,314 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
208,392 14,880   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 389,411 14,880   0
25 Contributions, gifts, grants paid....... 6,254,725 6,502,836
26 Total expenses and disbursements. Add lines 24 and 25 6,644,136 14,880   6,502,836
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -80,582,579
b Net investment income (if negative, enter -0-) 1,669,292
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.............      
2 Savings and temporary cash investments......... 38,178,564 22,502,791 22,502,791
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 15,820,404 Click to see attachment
List of Attached Documents:
// Content
31,694,716 		31,694,716
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).......... 63,127,721 Click to see attachment
List of Attached Documents:
// Content
69,319,546 		69,319,546
14 Land, buildings, and equipment: basis right arrow6,594,459
Less: accumulated depreciation (attach schedule) right arrow205,355 6,453,156 Click to see attachment
List of Attached Documents:
// Content
6,389,104 		6,389,104
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
719,716 		Click to see attachment
List of Attached Documents:
// Content
273,855 		Click to see attachment
List of Attached Documents:
// Content
273,855
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 124,299,561 130,180,012 130,180,012
Liabilities 17 Accounts payable and accrued expenses.......... 15,369 8,357
18 Grants payable................. 248,111  
19 Deferred revenue.................   1,453
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
289,489 		Click to see attachment
List of Attached Documents:
// Content
517,154
23 Total liabilities (add lines 17 through 22)......... 552,969 526,964
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........... 123,746,592 129,653,048
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)..... 123,746,592 129,653,048
30 Total liabilities and net assets/fund balances (see instructions). 124,299,561 130,180,012
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
123,746,592
2
Enter amount from Part I, line 27a .....................
2
-80,582,579
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
86,760,843
4
Add lines 1, 2, and 3 ..........................
4
129,924,856
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
271,808
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
129,653,048
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 1,490 SHS - AMPLITUDE INC CL A D 2012-04-19 2023-02-21
b 4,164 SHS - AFFIRM HLDGS INC CL A D 2012-08-07 2023-11-06
c 13,624 SHS - AMPLITUDE INC CL A D 2014-12-31 2023-11-06
d 10,850 SHS - FASTLY INC CL A D 2017-08-17 2023-11-06
e 2,000,000 SHS - GOLDMAN SACHS GRO 2000 23SP15 D 2022-03-11 2023-09-15
13,271 SHS - SNAP INC. CL A D 2013-08-26 2023-11-06
4,668 SHS - WARBY PARKER INC CL A D 2011-05-19 2023-11-06
33,257 SHS - ADEIA INC COM D 2008-01-03 2023-11-06
1,760 SHS - CHARTER COMMUNICATIONS INC D 1993-07-17 2023-11-06
10,000 SHS - CIENA CORP NEW D 2002-07-03 2023-11-06
1,506 SHS - CIMPRESS PLC EURO D 2004-08-30 2023-11-06
6,550 SHS - CISCO SYS INC D 2003-11-03 2023-11-06
182,991 SHS - COINBASE GLOBAL INC CL A D 2017-07-28 2023-11-06
0.250 SHS - COMSCORE INC NEW D   2023-12-20
1,046 SHS - CONTEXTLOGIC INC CL A NEW D 2012-05-11 2023-11-06
5,615 SHS - DROPBOX INC CL A D 2011-09-13 2023-11-06
369 SHS - ELASTIC N V D 2013-01-24 2023-11-06
100 SHS - HOME DEPOT INC D 2005-07-18 2023-11-06
115 SHS - MICROSOFT CORP D 2005-07-18 2023-11-06
4,262 SHS - PAGERDUTY INC D 2010-09-16 2023-11-06
15,684 SHS - PINTEREST INC CL A D 2011-04-12 2023-11-06
119 SHS - PROTHENA CP PLC ORD D 1984-12-31 2023-11-06
408,005 SHS - ROBINHOOD MKTS INC CL A D 2016-07-31 2023-11-06
173 SHS - SALESFORCE INC D 2010-05-14 2023-11-06
20,640 SHS - SUMMIT HOTEL PROPERTIES INC D 2003-06-18 2023-11-06
690 SHS - SWK HLDGS CORP D 1997-03-19 2023-11-06
859 SHS - TWILIO INC CL A D 2017-06-27 2023-11-06
WYRE AUM PROGRAM WRITE OFF P 2020-05-07 2023-03-16
WYRE NOTE WRITE OFF P 2022-09-09 2023-12-31
(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 20,951   309 20,642
b 90,227   1,782 88,445
c 144,047   7,660 136,387
d 179,989   82,026 97,963
e 2,000,000   2,000,000 0
142,537   9,113 133,424
62,930   3,564 59,366
295,513   551,992 -256,479
727,220     727,220
436,416   9,304 427,112
91,860   6,190 85,670
347,230   11,093 336,137
15,867,285   739,208 15,128,077
4     4
4,296   1,293 3,003
143,570   59,945 83,625
26,240   1,445 24,795
29,431   4,198 25,233
41,038   2,952 38,086
90,273   852 89,421
478,178   61,906 416,272
4,285   189 4,096
3,899,837   15,748 3,884,089
35,725   212 35,513
128,481   83,501 44,980
11,144   85 11,059
46,053   12,871 33,182
    18,618,932 -18,618,932
    10,000,000 -10,000,000
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       20,642
b       88,445
c       136,387
d       97,963
e       0
      133,424
      59,366
      -256,479
      727,220
      427,112
      85,670
      336,137
      15,128,077
      4
      3,003
      83,625
      24,795
      25,233
      38,086
      89,421
      416,272
      4,096
      3,884,089
      35,513
      44,980
      11,059
      33,182
      -18,618,932
      -10,000,000
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 -6,941,610
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 23,203
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 23,203
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 23,203
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 26,912
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,912
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 23,709
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow23,709 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
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 arrowN/A
14
The books are in care ofright arrowDESIREE OMRAN Telephone no.right arrow (415) 601-6111

Located atright arrow55 EAST 3RD AVENUESAN MATEOCA ZIP+4right arrow94401
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)
 
No
(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
 
 
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
 
No
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
 
 
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(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
 
 
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
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
TIMOTHY DRAPER PRESIDENT & DIRECTOR
0.50 		0 0 0
55 E 3RD AVENUE
SAN MATEO,CA94401
ANDREA DRAPER DIRECTOR
0.50 		0 0 0
55 E 3RD AVENUE
SAN MATEO,CA94401
JESSICA DRAPER DIRECTOR
0.50 		0 0 0
55 E 3RD AVENUE
SAN MATEO,CA94401
WILLIAM H DRAPER III SECRETARY & DIRECTOR
0.50 		0 0 0
55 E 3RD AVENUE
SAN MATEO,CA94401
DESIREE OMRAN CFO
1.00 		0 0 0
55 E 3RD AVENUE
SAN MATEO,CA94401
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
NONE
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
NONE
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
55,575,324
b
Average of monthly cash balances.......................
1b
2,485,897
c
Fair market value of all other assets (see instructions)................
1c
78,405,515
d
Total (add lines 1a, b, and c).........................
1d
136,466,736
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
136,466,736
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,047,001
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
134,419,735
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,720,987
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
6,720,987
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
23,203
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
10,579
c
Add lines 2a and 2b............................
2c
33,782
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,687,205
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
6,687,205
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
6,687,205
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
6,502,836
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
6,502,836
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 6,687,205
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 6,476,939
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,502,836
a Applied to 2022, but not more than line 2a 6,476,939
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..... 25,897
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		6,661,308
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
TIMOTHY DRAPER
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 e-mail address of the person to whom applications should be addressed:
TIMOTHY C DRAPER
55 EAST 3RD AVENUE
SAN MATEO,CA94401
(650) 233-9000
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION SHOULD BE IN WRITING AND THE PURPOSE OF THE FUNDING SHOULD BE STATED CLEARLY IN THE MATERIALS.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WILLIAM DRAPER
55 EAST 3RD AVENUE
SAN MATEO,CA94401
(650) 233-9000
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION SHOULD BE IN WRITING AND THE PURPOSE OF THE FUNDING SHOULD BE STATED CLEARLY IN THE MATERIALS.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

AFC GROWTH FUND

5950 BERKSHIRE LANE
DALLAS,TX75225 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 25,000

AMERICAN FRIENDS OF THE OCEAN CLEANUP FDN

1300 19TH ST NW - 8TH FLOOR
WASHINGTON,DC20036 		  501(C)(3) PUBLIC CHA ENVIRONMENTAL REFORM 10,000

AMERICAN TRANSPARENCY

3 GRANT SQUARE 355
HINSDALE,IL60651 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 50,000

ART OF LIVING FOUNDATION

14758 PIPELINE AVE SUITE E-1
CHINO HILLS,CA91709 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 25,000

ART OF LIVING FOUNDATION

14758 PIPELINE AVE SUITE E-1
CHINO HILLS,CA91709 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 100,000

BENIOFF CHILDRENS HOSPITALS

747 52ND ST
OAKLAND,CA94609 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 10,000

BENIOFF CHILDRENS HOSPITALS

747 52ND ST
OAKLAND,CA94609 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 25,000

BIZWORLD FOUNDATION

344 THOMAS L BERKLEY WAY SUITE 111
OAKLAND,CA94612 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 500,000

BOYS & GIRLS CLUB OF THE PENINSULA

401 PIERCE RD
MENLO PARK,CA94025 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 1,000

BRINK TECHNOLOGY INC

10900 RESEARCH BLVD STE 160C 2054
AUSTIN,TX787595718 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 100,000

BRINK TECHNOLOGY INC

10900 RESEARCH BLVD STE 160C 2054
AUSTIN,TX787595718 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 100,000

BRINK TECHNOLOGY INC

10900 RESEARCH BLVD STE 160C 2054
AUSTIN,TX787595718 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 50,000

BRUIN VENTURES

405 HILGARD AVENUE
LOS ANGELES,CA90095 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 5,000

BRUIN VENTURES

405 HILGARD AVENUE
LOS ANGELES,CA90095 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

BUILD OUR BALLPARK INC

3846 TRENT LANE
WATERLOO,IA50701 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 10,000

CALIFORNIA POLICY CENTER

18002 IRVINE BLVD SUITE 108
TUSTIN,CA92780 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 200,000

CALIFORNIA POLICY CENTER

18002 IRVINE BLVD SUITE 108
TUSTIN,CA92780 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 100,000

CAMP KESEM

10586 WEST PICO BOULEVARD 196
LOS ANGELES,CA90064 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 1,000

CANYON SCHOOL BOOSTER CLUB

421 ENTRADA DR SANTA MONICA
LOS ANGELES,CA90402 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 80,000

CARLA AND DAVID CRANE FOUNDATION

121 STEUART STREET
SAN FRANCISCO,CA94105 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 100,000

CHAMBER OF MOTHERS

360 FURMAN ST APT 318
BROOKLYN,NY112014584 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 10,000

CHILD AND FAMILY INSTITUTE

1040 LAUREL ST
MENLO PARK,CA94025 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 5,000

COMPUTER HISTORY MUSEUM

1401 N SHORELINE BLVD
MOUNTAIN VIEW,CA94043 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 10,000

CORPORATION OF THE FINE ARTS MUSEUMS

50 HAGIWARA TEA GARDEN DRIVE
SAN FRANCISCO,CA94118 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 50,000

CRYSTAL SPRINGS UPLANDS SCHOOL

400 UPLANDS DR
HILLSBOROUGH,CA94010 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 100,000

CSSSA FOUNDATION

6060 CENTER DR FLOOR 10
LOS ANGELES,CA90045 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 200,000

DAVID LYNCH FOUNDATION

228 E 45TH ST 15TH FLOOR
NEW YORK,NY10017 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 100,000

DONORSCHOOSE

134 WEST 37TH STREET 11TH FLOOR
NEW YORK,NY10018 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 6,000

DRAPER RICHARDS KAPLAN FOUNDATION

1600 EL CAMINO REAL 155
MENLO PARK,CA94025 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 1,000,000

DREAMORG

1630 SAN PABLO AVE 4TH FLOOR
OAKLAND,CA94612 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 10,000

ENDEAVOR GLOBAL INC

3593 5TH AVE
SAN DIEGO,CA92103 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 50,000

EPATT

3460 W BAYSHORE RD
PALO ALTO,CA94303 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

GO2 FKA ADDARIO LUNG CANCER FDN

1100 INDUSTRIAL RD STE 1
SAN CARLOS,CA94070 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 10,000

GOLDEN APPLE FDN FOR EXCELLENCE IN TEACHING

901 W JACKSON BLVD SUITE 205
CHIGACO,IL60607 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

HARVARD BUSINESS SCHOOL

TEELE HALL SOLIERS FIELD
BOSTON,MA02163 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 25,000

HEARD NATURAL SCIENCE MUSEUM

1 NATURE PL
MCKINNEY,TX750698840 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 4,000

HOOVER INSTITUTION

434 GALVEZ MALL STANFORD UNIVERSITY
STANFORD,CA94305 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 5,000

ICIVICS INC

1035 CAMBRIDGE STREET SUITE 1
CAMBRIDGE,MA02141 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 30,000

INVERNESS FOUNDATION

15 PARK AVE
IVERNESS,CA94937 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 200

JUMPSTART

235 MONTGOMERY STREET SUITE 1025
SAN FRANCISCO,CA94104 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

LIBERTAS INSTITUTE

2183 W MAIN ST SUITE A102
LEHI,UT84043 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 350,000

LISTEN FIRST PROJECT

202 SARAZEN MEADOW WAY
CARY,NC27513 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 100,000

LUCILE PACKARD FOUNDATION

400 HAMILTON AVE STE 340
PALO ALTO,CA943011805 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 35,000

MENLO SCHOOL

50 VALPARAISO AVENUE
ATHERTON,CA94027 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

MUSEUM OF MODERN ART - NYC

11 W 53RD ST
NEW YORK,NY10019 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 50,000

OAK KNOLL PTO

23 BODINE AVE
WILLIAMSTOWN,NJ080941607 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 20,000

ONE COMMUNITY CAMPAIGN

181 ENCINAL AVE
ATHERTON,CA94027 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 6,500

OPEN MIND LEGACY PROJECT

825 8TH AVENUE
NEW YORK,NY10019 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 25,000

PHILLIPS ANDOVER ACADEMY

180 MAIN STREET
ANDOVER,MA01810 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 2,000

PHILLIPS ANDOVER ACADEMY

180 MAIN STREET
ANDOVER,MA01810 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 50,000

POINT OWOOD FOUNDATION INC

1271 AVENUE OF THE AMERICAS
NEW YORK,NY10020 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 75,000

POINT OWOOD FOUNDATION INC

1271 AVENUE OF THE AMERICAS
NEW YORK,NY10020 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 50,000

POINT O'WOODS VOLUNTEER FIRE CO

5 POINT-O-WOODS AVE
POINT OWOODS,NY11706 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 2,500

PROJECT GLIMMER

269 STAFORD DRIVE
SAN FRANCISCO,CA94132 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 10,000

PURDUE RESEARCH FOUNDATION

1281 WIN HETSCHEL BLVD
WEST LAFAYETTE,IN47906 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 100,000

REFUGEE RELIEF INTERNATIONAL INC

760 MARKET ST
SAN FRANCISCO,CA94102 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 50,000

RYDER INSTITUTE

55 E 3RD AVENUE
SAN MATEO,CA94401 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 50,000

SACRED HEART SCHOOLS

150 VALPARAISO AVE
ATHERTON,CA94027 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 25,000

SCHWAB FUND FOR CHARITABLE GIVING

PO BOX 628298
ORLANDO,FL32862 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 76,160

SCHWAB FUND FOR CHARITABLE GIVING

PO BOX 628298
ORLANDO,FL32862 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 123,976

SFMOMA

151 3RD ST
SAN FRANCISCO,CA94103 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 50,000

SMITH COLLEGE

COLLEGE HALL 204 10 ELM STREET
NORTHAMPTON,MA01063 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 50,000

STAND TOGETHER TRUST

4201 WILSON BLVD
ARLINGTON,VA22203 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 100,000

STANFORD CAGE CLUB

PO BOX 20466
STANFORD,CA943090466 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 20,000

STANFORD HCM CENTER

300 PASTUER DRIVE 2ND FLOOR ROOM
A260
STANFORD,CA94305 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 5,000

STANFORD UNIVERSITY DEVELOPMENT SERVICES

PO BOX 20466
STANFORD,CA943090466 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 20,000

THE CHURCH AT POINT O' WOODS

31 BROOKSIDE DR
GREENWICH,CT068306422 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 500

THE DANIEL R SAYRE MEMORIAL FOUNDATION

73-1535 HAO ST
KAILUA KONA,HI96740 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 100,000

THE DANIEL R SAYRE MEMORIAL FOUNDATION

73-1535 HAO ST
KAILUA KONA,HI96741 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 100,000

THE HAWN FOUNDATION

220 26TH STREET STE 203
SANTA MONICA,CA904022500 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 10,000

THE INDEPENDENT INSTITUTE

100 SWAN WAY
OAKLAND,CA94621 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 750,000

THE LEMO FOUNDATION

2575 E BAYSHORE RD
REDWOOD CITY,CA64063 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 2,500

THE SALVATION ARMY

615 SLATERS LN 1112
ALEXANDRIA,VA22314 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 10,000

THE UC BERKELEY FOUNDATION

1995 UNIVERSITY AVE SUITE 401
BERKELEY,CA947041058 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 30,000

THEATREWORKS SILICON VALLEY

350 TWIN DOLPHIN DRIVE SUITE 127
REDWOOD CITY,CA94065 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 5,000

THEATREWORKS SILICON VALLEY

351 TWIN DOLPHIN DRIVE SUITE 127
REDWOOD CITY,CA94066 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 50,000

TIDEPOOL PROJECT

555 BRYANT ST 429
PALO ALTO,CA94301 		  501(C)(3) PUBLIC CHA MEDICAL RESEARCH 1,000

TIE FOUNDATION

3964 RIVERMARK PLAZA 113
SANTA CLARA,CA95054 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 25,000

UCLA

PO BOX 7145
PASADENA,CA91109 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

UCLA

PO BOX 7145
PASADENA,CA91109 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

UCLA

PO BOX 7145
PASADENA,CA91109 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000

UNIVERSITY OF PENNSYLVANIA

2929 WALNUT STREET
PHILADELPHIA,PA191045099 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 500,000

UNIVERSITY OF SOUTHERN CALIFORNIA

UNIVERSITY GARDENS UGB203
LOS ANGELES,CA90089 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 25,000

UNIVERSITY OF TEXAS FDN INC FBO UTSA

110 INNER CAMPUS DR RM 1
AUSTIN,TX78713 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 1,889

UNIVERSITY OF TEXAS FDN INC FBO UTSA

110 INNER CAMPUS DR RM 1
AUSTIN,TX78713 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 248,110

VIRGIE GILES FOUNDATION

PO BOX 4189
VALLEJO,CA94590 		  501(C)(3) PUBLIC CHA COMMUNITY OUTREACH 500

YOUNG AMERICANS FOR LIBERTY FOUNDATION

3267 BEE CAVES ROAD STE 107-65
AUSTIN,TX78746 		  501(C)(3) PUBLIC CHA EDUCATION PROGRAM 10,000
Total .................................right arrow 3a 6,502,835
bApproved for future payment
Total ................................. right arrow 3b 0
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 1,649,322  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 14,880  
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 -75,666,288  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFROM K-1: BOOST VC FUND 3, LP 		    14 -19,688  
bFROM K-1: THRESHOLD VENTURES II PARTNERS FUND LLC     14 1,033,722  
cFROM K-1: DFJ PARTNERS IX LLC     14 -31,810  
dFROM K-1: MAKENA CAPITAL ASSOCIATES (U.S.) LP     14 131,329  
eFROM K-1: HALOGEN VENTURES LP     14 -73,315  
fFROM K-1: DRAPER ASSOCIATES VI LP     14 -232,193  
gFROM K-1: AMPLIFY. LA CAPITAL V, LP     14 -26,028  
hFROM K-1: WALDEN CATALYST VENTURES     14 -26,021  
iFROM K-1: LIV AT UNIV II & SAHARA EAST MANAGER LLC     14 -125,483  
jFROM K-1: MAGIC OPPORTUNITIES FUND II, LP     14 -22,614  
kFROM K-1: USALDUSFOND CHANGE VENTURES FUND II     14 -16,342  
lFROM K-1: DRAPER FRONTIER OPPTECH FUND III, LP     14 -30,258  
mFROM K-1: ANDRA CAPITAL FUND, LP     14 -90,420  
nFROM K-1: EPIC VENTURES VI, LP     14 -71,982  
oFROM K-1: H. BARTON VENTURE SELECT IV     14 -47,345  
pFROM K-1: SLAUSON & CO. FUND I, LP     14 -29,903  
qFROM K-1: 2048 VENTURES II, LP     14 -53,145  
rFROM K-1: EXPONENTIAL ZASIAN PARTNERS FUND I, LP     14 -15,363  
sFROM K-1: MAGRAC VENTURES, LP     14 -25,073  
tFROM K-1: N PLUS ONE PILOT FUND LP     14 -1,379  
12 Subtotal. Add columns (b), (d), and (e) .. 0 -73,982,116 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-73,982,116
(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.)
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 DRAPER FOUNDATION
 
Employer identification number

94-3256415
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 DRAPER FOUNDATION
  		Employer identification number
94-3256415
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
JESSICA DRAPER
55 E 3RD AVENUE
 
SAN MATEO, CA94401

$ 22,193


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
JESSICA DRAPER
55 E 3RD AVENUE
 
SAN MATEO, CA94401

$ 21,480


(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 DRAPER FOUNDATION
  		Employer identification number

94-3256415
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
1
 825 SHS OF DOXIMITY INC $ 22,193 2023-12-18
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 140 SHS OF COINBASE GLOBAL INC $ 21,480 2023-12-18
(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 DRAPER FOUNDATION
  		Employer identification number

94-3256415
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 DRAPER FOUNDATION
EIN:
94-3256415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 57,575 0   0

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

TY 2023 DepreciationSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
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
OFFICE BUILDING 2021-01-01 2,309,553 118,438 SL 39.000000000000 59,219 0    
LAND 2021-01-01 4,016,613   NC 0 % 0 0    
QPODS X5 - FF&E 2021-07-01 12,500 3,750 SL 5.000000000000 2,500 0    
STRATUS SYSTEMS - CISCO MS355 MGIG SWITCH PLUS 5 YR LICENSE 2021-07-01 8,930 2,679 SL 5.000000000000 1,786 0    
BUILDING IMPROVEMENTS - 5 YR 2021-01-01 25,375 10,150 SL 5.000000000000 5,075 0    
BUILDING IMPROVEMENTS - 39 YR 2021-01-01 8,085 414 SL 39.000000000000 207 0    
BUILDING IMPROVEMENTS - 39 YR 2021-12-31 187,507   NC 0 % 0 0    
BUILDING IMPROVEMENTS - 39 YR 2021-07-01 10,782 414 SL 39.000000000000 276 0    
BUILDING IMPROVEMENTS - 39 YR 2022-05-16 9,782 146 SL 39.000000000000 251 0    

TY 2023 InvestmentsCorpStockSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCKS 31,694,716 31,694,716

TY 2023 InvestmentsOtherSchedule2
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT IN PARTNERSHIPS AT COST 54,479,139 54,479,139
INVESTMENT IN LIMITED LIABILITY COMPANIES AT COST 12,845,271 12,845,271
INVESTMENT IN CRYPTOCURRENCY AT COST 645,136 645,136
INVESTMENT IN NON-MARKETABLE SECURITIES AT COST 1,350,000 1,350,000

TY 2023 LandEtcSchedule2
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE BUILDING 2,309,553 177,657 2,131,896  
LAND 4,016,613 0 4,016,613  
QPODS X5 - FF&E 12,500 6,250 6,250  
STRATUS SYSTEMS - CISCO MS355 MGIG SWITCH PLUS 5 YR LICENSE 8,930 4,465 4,465  
BUILDING IMPROVEMENTS - 5 YR 25,375 15,225 10,150  
BUILDING IMPROVEMENTS - 39 YR 8,085 621 7,464  
BUILDING IMPROVEMENTS - 39 YR 187,507 0 187,507  
BUILDING IMPROVEMENTS - 39 YR 10,782 690 10,092  
BUILDING IMPROVEMENTS - 39 YR 9,782 397 9,385  


TY 2023 LegalFeesSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 18,659 0   0


TY 2023 OtherAssetsSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER RECEIVABLES (AR) 44,099 234,688 234,688
PREPAID EXPENSE 8,917 9,281 9,281
OTHER RECEIVABLES 666,700 0 0
PREPAID EXCISE TAX 0 29,886 29,886


TY 2023 OtherDecreasesSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Description Amount
BOOK/TAX DIFFERENCES 22,278
DEFERRED EXCISE TAX 249,530


TY 2023 OtherExpensesSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 511 0   0
PROPERTY TAXES 79,582 14,880   0
INSURANCE 16,489 0   0
REPAIRS 20,290 0   0
UTILITIES 56,833 0   0
SECURITY 11,112 0   0
INTERNET 22,375 0   0
ATTORNEY GENERAL REGISTRATION FEE 1,200 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FROM K-1: BOOST VC FUND 3, LP -19,688 -19,688 -19,688
FROM K-1: THRESHOLD VENTURES II PARTNERS FUND LLC 1,033,722 1,033,722 1,033,722
FROM K-1: DFJ PARTNERS IX LLC -31,810 -31,810 -31,810
FROM K-1: MAKENA CAPITAL ASSOCIATES (U.S.) LP 131,329 131,329 131,329
FROM K-1: HALOGEN VENTURES LP -73,315 -73,315 -73,315
FROM K-1: DRAPER ASSOCIATES VI LP -232,193 -232,193 -232,193
FROM K-1: AMPLIFY. LA CAPITAL V, LP -26,028 -26,028 -26,028
FROM K-1: WALDEN CATALYST VENTURES -26,021 -26,021 -26,021
FROM K-1: LIV AT UNIV II & SAHARA EAST MANAGER LLC -125,483 -125,483 -125,483
FROM K-1: MAGIC OPPORTUNITIES FUND II, LP -22,614 -22,614 -22,614
FROM K-1: USALDUSFOND CHANGE VENTURES FUND II -16,342 -16,342 -16,342
FROM K-1: DRAPER FRONTIER OPPTECH FUND III, LP -30,258 -30,258 -30,258
FROM K-1: ANDRA CAPITAL FUND, LP -90,420 -90,420 -90,420
FROM K-1: EPIC VENTURES VI, LP -71,982 -71,982 -71,982
FROM K-1: H. BARTON VENTURE SELECT IV -47,345 -47,345 -47,345
FROM K-1: SLAUSON & CO. FUND I, LP -29,903 -29,903 -29,903
FROM K-1: 2048 VENTURES II, LP -53,145 -53,145 -53,145
FROM K-1: EXPONENTIAL ZASIAN PARTNERS FUND I, LP -15,363 -15,363 -15,363
FROM K-1: MAGRAC VENTURES, LP -25,073 -25,073 -25,073
FROM K-1: N PLUS ONE PILOT FUND LP -1,379 -1,379 -1,379
FROM K-1: SOA SEABIRD VENTURES LLC -1,071 -1,071 -1,071
FROM K-1: HI VENTURES IV LP -11,366 -11,366 -11,366
FROM K-1: NEXTGEN VENTURES FUND III, LP -22,545 -22,545 -22,545
FROM K-1: USALDUSFOND STARTUPIST VENTURES FUND I -35,159 -35,159 -35,159
FROM K-1: 3VC II SCSP -17,258 -17,258 -17,258
FROM K-1: INFINITA FUND I, LP -36,231 -36,231 -36,231
FROM K-1: DAEDALUS I FUND, LP -28,653 -28,653 -28,653
FROM K-1: ELEFUND III, LP -20,166 -20,166 -20,166
FROM K-1: BITCOIN MAGAZINE FUND LP - A1 -12,870 -12,870 -12,870
FROM K-1: PRETIOSUM VENTURES FUND I LP -21,400 -21,400 -21,400


TY 2023 OtherIncreasesSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Description Amount
NET UNREALIZED GAIN ON INVESTMENTS 86,760,843


TY 2023 OtherLiabilitiesSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Description Beginning of Year - Book Value End of Year - Book Value
EXCISE TAX PAYABLE - DEFERRED 267,623 517,154
EXCISE TAX PAYABLE - OTHER 21,866 0


TY 2023 TaxesSchedule
Name:
THE DRAPER FOUNDATION
EIN:
94-3256415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL & STATE TAXES 35,471 0   0