The 776 Foundation is a philanthropic organization based in Jupiter, Florida, founded in 2022 by Alexis Ohanian. The foundation operates as the charitable vehicle of 776 Management, a venture capital firm focused on social enterprise. The foundation employs 26 staff members and operates in eight countries, including the United States, Philippines, Argentina, Nigeria, and the United Kingdom.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$613K
+515.0% YoY
Annual Giving
$1.8M
-6.8% YoY
Grant Count
63
+57.5% YoY
Avg Grant Size
$28K
-40.8% YoY
Mission & Focus Areas
The 776 Foundation was established to fund builders and organizations whose work supports marginalized people. The foundation pursues a mission "to support problem-solvers at the earliest possible stage," with a primary focus on climate change mitigation through its flagship fellowship program.
Grantmaking
The 776 Foundation's primary grantmaking vehicle is the **776 Fellowship**, a two-year, full-time program for young people ages 18 to 24 from anywhere in the world. Fellows receive a $100,000 grant over two years to work on projects addressing climate change instead of pursuing a university degree.
Grant Range
of $25,000, with grants ranging from $10,000 to $75,000. The foundation reported 63 grants in its most recent tax filing.
How to Apply
** The foundation indicates it makes contributions to preselected charitable organizations and does not accept unsolicited applications for funds.
Ready to take the next step with 776 Foundation?
Geographic Focus
Where this funder awards grants
The 776 Foundation funds initiatives globally, with a worldwide reach. The fellowship program explicitly welcomes applicants from anywhere in the world. The foundation supports work across numerous cities and international locations, including major centers like New York, London, and Los Angeles, as well as locations such as Arusha and Vienna.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Assets: $613,000 (as of FYE December 2024)
- Annual Revenue: $2,300,945
- Annual Expenses: $2,226,704
- Total Grants: 63 grants reported
- Median Grant Size: $25,000
- Grant Range: $10,000–$75,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $613,008 | $99,671 | $25,430 |
| Revenue | $2,763,693 | $2,300,945 | $802,105 |
| Expenses | $2,250,356 | $2,226,704 | $776,675 |
| Qualifying Distributions | $2,240,213 | $2,226,492 | $776,675 |
| Net Investment Income | — | $883 | $105 |
| Distributable Amount | $28,948 | $4,636 | $1,673 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Alexis Ohanian serves as Director, President, Secretary, and Treasurer of the foundation. Ohanian is best known as a co-founder of Reddit and has accumulated significant wealth through investment vehicles including Initialized Capital, which specializes in seed and early-stage funding for internet and cryptocurrency startups.
Elisabeth Garvin serves as a Foundation Person with 40 hours per week commitment and annual compensation of $264,000.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alexis Ohanian | Dir, Pres, Sec, Treas | 1 | — |
Recent News & Activity
Recent developments and announcements
The 776 Foundation has actively supported climate innovation projects through its fellowship program. Recent grantees in the climate and sustainability space include Semion (biotechnology research focused on plant defense), Ventrix Labs (a decentralized CO2 supply chain startup), and Esper Satellite Imagery (hyperspectral satellite imagery for exploration data). The foundation also provided support to The Sports Bra, a women's sports-focused restaurant and bar in Portland, Oregon.
776 Foundation Climate Fellowship: Cohort 2 - fundsforNGOsThe 776 Fellowship accepts applications on a rolling basis, with recent application deadlines noted in April 2025.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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