10x Better Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $6.6M in total assets. In 2024, it awarded 8 grants totaling $5.6M. Net investment income was $308K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.6M
-38.2% YoY
Annual Giving
$5.6M
+4077.8% YoY
Grant Count
8
+166.7% YoY
Avg Grant Size
$705K
+1466.7% YoY
Under IRS private-foundation payout rules, 10x Better Foundation reported a distributable amount of $405K for 2024 — the minimum it must pay out in qualifying distributions.
About 10x Better Foundation
Based on IRS filings
10x Better Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $6.6M in total assets. In 2024, it awarded 8 grants totaling $5.6M. Net investment income was $308K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,562,532 | $10,620,898 | $995,586 |
| Revenue | $1,733,285 | $9,922,674 | $5,250 |
| Expenses | $5,791,651 | $322,766 | $5,250 |
| Qualifying Distributions | $5,691,651 | $135,000 | $2,625 |
| Net Investment Income | $307,749 | $9,922,674 | — |
| Distributable Amount | $405,233 | $184,597 | $74,309 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Open Philanthropy Advisors Inc (leaf) ($1,000,000), Climateworks Foundation ($1,000,000), Refed Inc ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OPEN PHILANTHROPY ADVISORS INC (LEAF) SAN FRANCISCO, CA | GENERAL PUBLIC SUPPORT | $1,000,000 |
| WORLD WILDLIFE FUND WASHINGTON, DC | GENERAL PUBLIC SUPPORT | $500,000 |
| HEALTH IN HARMONY PROGRAM PORTLAND, OR | GENERAL PUBLIC SUPPORT | $500,000 |
| CLIMATEWORKS FOUNDATION SAN FRANCISCO, CA | GENERAL PUBLIC SUPPORT | $1,000,000 |
| REFED INC CHICAGO, IL | GENERAL PUBLIC SUPPORT | $1,000,000 |
| RAINFOREST ACTION NETWORK SAN FRANCISCO, CA | GENERAL PUBLIC SUPPORT | $1,000,000 |
| BRADY CENTER TO PREVENT GUN VIOLENCE WASHINGTON, DC | GENERAL PUBLIC SUPPORT | $500,000 |
| THE TONY XU AND PATTI BAO FAMILY DONOR ADVISOR FUND ALBANY, NY | GENERAL PUBLIC SUPPORT | $140,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TONY XU | CO-CHAIRPERSON, PRESIDENT, SECRETARY | 1 | — |
| PATRICIA BAO | CO-CHAIRPERSON, TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 10x Better Foundation?
10x Better Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN FRANCISCO, CA. It holds $6.6M in total assets as of 2024.
How large is 10x Better Foundation?
As of 2024, 10x Better Foundation holds $6.6M in total assets with $1.7M in annual revenue. It awarded 8 grants totaling $5.6M in 2024.
Where does 10x Better Foundation operate?
10x Better Foundation has awarded grants in California, District of Columbia, Illinois, New York, Oregon.
What size grants does 10x Better Foundation award?
In 2024, 10x Better Foundation awarded 8 grants totaling $5.6M — an average of about $705K per grant, based on its IRS Form 990 filings.
How much is 10x Better Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 10x Better Foundation reported a distributable amount of $405K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 10x Better Foundation's EIN?
10x Better Foundation's EIN (Employer Identification Number) is 87-3883624. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in 10x Better Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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