10X Better Foundation
10X Better Foundation is a private foundation, based in San Francisco, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $7.3M in total assets. In 2025, it awarded 1 grant totaling $500K. Net investment income was $116K.
10X Better Foundation at a glance
In short: 10X Better Foundation gave $500K across 1 grant in 2025 (avg $500K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $500,000
- -91.1% vs 2024
- Grants made (2025)
- 1
- -87.5% vs 2024
- Average grant
- $500,000
- -29.1% vs 2024
- Median grant
- $500,000
- Total assets
- $7,338,043
- +11.8% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who 10X Better Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Rockefeller Philanthropy Advisors Inc ($500K).
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 12 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How 10X Better Foundation gives
- In 2025 it paid out 150% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $135K (2023) to $5.6M (2024). In 2025 it made 1 grant totaling $500K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rockefeller Philanthropy Advisors Inc New York, NY | General Public Support | $500,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7,338,043 | $1,313,636 | $538,125 | $500,000 | 1 | $538,125 | $115,955 | $358,052 |
| 2024 | $6,562,532 | $1,733,285 | $5,791,651 | $5,640,000 | 8 | $5,691,651 | $307,749 | $405,233 |
| 2023 | $10,620,898 | $9,922,674 | $322,766 | $135,000 | 3 | $135,000 | $9,922,674 | $184,597 |
| 2022 | $995,586 | $5,250 | $5,250 | — | — | $2,625 | — | $74,309 |
| 2021 | $3,036,518 | $3,111,717 | — | — | — | — | — | $15,978 |
Under IRS private-foundation payout rules, 10X Better Foundation reported a distributable amount of $358K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
10X Better Foundation is led by Tony Xu, Co-Chairperson, President & Secretary on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Tony Xu
Co-Chairperson, President & Secretary
On filings since 2021
1 hr/week
No compensation reported
Patricia Bao
Co-Chairperson & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about 10X Better Foundation
How much does 10X Better Foundation give each year?
10X Better Foundation gave $500K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5.6M across 8 grants.
How large is 10X Better Foundation?
10X Better Foundation reported $7.3M in total assets on its 2025 IRS Form 990-PF. It paid out $538K in qualifying distributions that year, against a required minimum of $358K (roughly 5% of its investment assets).
Where does 10X Better Foundation operate?
10X Better Foundation has awarded grants in California, District of Columbia, Illinois, New York, Oregon.
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 2021–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 8, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work 10X Better Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in 10X Better Foundation's focus areas in our free grants database
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