10X Better Foundation
10X Better Foundation is a private foundation, 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.
10X Better Foundation at a glance
In short: 10X Better Foundation gave $5.6M across 8 grants in 2024 (avg $705K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,640,000
- +4077.8% vs 2023
- Grants made (2024)
- 8
- +166.7% vs 2023
- Average grant
- $705,000
- +1466.7% vs 2023
- Median grant
- $750,000
- Total assets
- $6,562,532
- -38.2% vs 2023
- Primary geography
- California (53% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who 10X Better Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Open Philanthropy Advisors Inc (Leaf) ($1.0M). Together the top 8 received $5.6M.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 11 (36%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How 10X Better Foundation gives
- In 2024 it paid out well above 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 2024, annual grant giving ranged from $135K (2023) to $5.6M (2024). In 2024 it made 8 grants totaling $5.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Open Philanthropy Advisors Inc (Leaf) San Francisco, CA | General Public Support | $1,000,000 |
| 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 |
| World Wildlife Fund Washington, DC | General Public Support | $500,000 |
| Health in Harmony Program Portland, OR | General Public Support | $500,000 |
| 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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 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 $405K for 2024 — 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 2024 report compensation.
Officers on the 2024 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, 2021–2024. "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 $5.6M across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $135K across 3 grants.
What is 10X Better Foundation's typical grant size?
10X Better Foundation's median grant in 2024 was $750,000, and its average grant was $705,000, across 8 grants on its 2024 IRS Form 990-PF.
Where does 10X Better Foundation give grants?
10X Better Foundation gives mostly in California: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (18%) and Illinois (18%). The most frequent recipient cities were San Francisco, CA (3 grants) and Washington, DC (2 grants).
Does 10X Better Foundation give general operating support?
Yes: 100% of 10X Better Foundation's 2024 grants with a stated purpose (8 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are 10X Better Foundation's largest grantees?
10X Better Foundation's largest 2024 grantees include Open Philanthropy Advisors Inc (Leaf) ($1,000,000), Climateworks Foundation ($1,000,000) and Refed Inc ($1,000,000), according to its 2024 IRS Form 990-PF. Together they received 53% of its itemized 2024 grant dollars.
How large is 10X Better Foundation?
10X Better Foundation reported $6.6M in total assets on its 2024 IRS Form 990-PF. It paid out $5.7M in qualifying distributions that year, against a required minimum of $405K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- 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.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in 10X Better Foundation's focus areas in our free grants database
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