776 Foundation
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.
Key facts about 776 Foundation
- EIN
- 87-4537467
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,782,585
- Grants made (2024)
- 63
- Average grant
- $28,295
- Median grant
- $25,000
- Total assets
- $613,008
- Primary geography
- California (17% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation indicates it makes contributions to preselected charitable organizations and does not accept unsolicited applications for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who 776 Foundation funds
By grant dollars, the top recipient states for 776 Foundation's 63 itemized 2024 grants were California (17%), Connecticut (6%) and Texas (6%). The most frequent recipient cities were San Francisco, CA (3 grants), Austin, TX (2 grants), Brooklyn, NY (2 grants) and New Haven, CT (2 grants). 2% of grants with a stated purpose were for general or operating support. Recurring purposes include "Grant to individual for travel, study, or similar purposes" (61 grants).
How 776 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.
Next steps with 776 Foundation
- How to evaluate 776 Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to 776 Foundation with AI
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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
Under IRS private-foundation payout rules, 776 Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
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
Share of all 63 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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
123 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include H Gualinga ($75,000), A Furnell ($50,000), A McNeill ($50,000 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| H Gualinga | Grant to individual for travel, study, or similar purposes | $75,000 |
| A Furnell | Grant to individual for travel, study, or similar purposes | $50,000 |
| E Tarimo | Grant to individual for travel, study, or similar purposes | $50,000 |
| F Kamara | Grant to individual for travel, study, or similar purposes | $50,000 |
| I Keghnen | Grant to individual for travel, study, or similar purposes | $50,000 |
| J Yan Cary, NC | Grant to individual for travel, study, or similar purposes | $50,000 |
| K Nirghin San Francisco, CA | Grant to individual for travel, study, or similar purposes | $50,000 |
| K O'Sullivan Downers Grove, IL | Grant to individual for travel, study, or similar purposes | $50,000 |
| M Chirara Hamilton, NY | Grant to individual for travel, study, or similar purposes | $50,000 |
| S Kianni Vienna, VA | Grant to individual for travel, study, or similar purposes | $50,000 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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
Frequently Asked Questions
What does 776 Foundation fund?
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.
How do I apply for a grant from 776 Foundation?
The foundation indicates it makes contributions to preselected charitable organizations and does not accept unsolicited applications for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does 776 Foundation make 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.
What size grants does 776 Foundation award?
In 2024, 776 Foundation awarded 63 grants totaling $1.8M — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is 776 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 776 Foundation reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 776 Foundation's EIN?
776 Foundation's EIN (Employer Identification Number) is 87-4537467. IRS Form 990 filing data is available on this page for 2022–2024.
Does 776 Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Explore Open Grants
Browse active grant opportunities in 776 Foundation's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.