Chip Foundation
Chip Foundation is a private foundation, based in CUPERTINO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $178K in total assets. In 2024, it awarded 6 grants totaling $14K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$178K
-2.4% YoY
Annual Giving
$14K
-44.9% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$2K
-44.9% YoY
Under IRS private-foundation payout rules, Chip Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About Chip Foundation
Based on IRS filings
Chip Foundation is a private foundation, based in CUPERTINO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $178K in total assets. In 2024, it awarded 6 grants totaling $14K. Net investment income was $7K.
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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 | $177,537 | $181,957 | $209,265 |
| Revenue | $7,221 | $3,139 | $7,771 |
| Expenses | $18,447 | $30,729 | $28,415 |
| Qualifying Distributions | $15,500 | $26,875 | $23,200 |
| Net Investment Income | $6,645 | $52,853 | $30,887 |
| Distributable Amount | $8,835 | $8,658 | $11,218 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stanford University- Mr ($5,000), Peninsula Open Space Trust ($4,000), Theatreworks of Silicon Valley ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| JUNIOR LEAGUE OF PALO ALTO MP MENLO PARK, CA | GENERAL OPERATING OR ENDOWMENT FUND | $1,000 |
| PALO ALTO COMMUNITY FUND PALO ALTO, CA | GENERAL OPERATING OR ENDOWMENT FUND | $1,000 |
| PENINSULA OPEN SPACE TRUST PALO ALTO, CA | GENERAL OPERATING OR ENDOWMENT FUND | $4,000 |
| STANFORD UNIVERSITY- MR STANFORD, CA | GENERAL OPERATING OR ENDOWMENT FUND | $5,000 |
| THEATREWORKS OF SILICON VALLEY PALO ALTO, CA | GENERAL OPERATING OR ENDOWMENT FUND | $1,500 |
| VISTA CENTER PALO ALTO, CA | GENERAL OPERATING OR ENDOWMENT FUND | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT H MILLER | PRESIDENT | 1 | — |
| CAROLYN D MILLER | SECRETARY/TR | 1 | — |
Frequently Asked Questions
How large is Chip Foundation?
As of 2024, Chip Foundation holds $178K in total assets with $7K in annual revenue. It awarded 6 grants totaling $14K in 2024.
Where does Chip Foundation operate?
Chip Foundation has awarded grants in California, Colorado, District of Columbia, Massachusetts, Maryland, New York, Pennsylvania, Virginia.
What size grants does Chip Foundation award?
In 2024, Chip Foundation awarded 6 grants totaling $14K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Chip Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chip Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chip Foundation's EIN?
Chip Foundation's EIN (Employer Identification Number) is 94-2782935. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Chip 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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