Kevin and Nicole Systrom Foundation
Kevin and Nicole Systrom Foundation is a private foundation, based in Palo Alto, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $38.1M in total assets. In 2024, it awarded 7 grants totaling $1.1M. Net investment income was $13.3M.
Kevin and Nicole Systrom Foundation at a glance
In short: Kevin and Nicole Systrom Foundation gave $1.1M across 7 grants in 2024 (avg $157K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,100,000
- +31.7% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $157,143
- +31.7% vs 2023
- Median grant
- $200,000
- Total assets
- $38,113,976
- +62.5% vs 2023
- Primary geography
- Massachusetts (57% 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 Kevin and Nicole Systrom Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Fidelity Investments Charitable Gift Fund ($375K). Together the top 7 received $1.1M.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was in the $100–250K range: 9 grants of 18 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Kevin and Nicole Systrom Foundation gives
- In 2024 it paid out 102% 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 2022 to 2024, annual grant giving ranged from $600K (2022) to $1.1M (2024). In 2024 it made 7 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund Boston, MA | General Support | $375,000 |
| Prime Coalition Inc Cambridge, MA | General Support | $250,000 |
| Activate Global Inc Berkeley, CA | General Support | $200,000 |
| The Nueva School Hillsborough, CA | Nueva Fund | $200,000 |
| Tipping Point Community San Francisco, CA | General Support | $50,000 |
| Food for Soul Inc Liverpool, NY | General Support | $15,000 |
| Release Recovery Foundation Inc New York, NY | Annual Gala | $10,000 |
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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 | $38,113,976 | $13,435,102 | $1,641,207 | $1,100,000 | 7 | $1,101,436 | $13,349,459 | $1,074,711 |
| 2023 | $23,456,776 | $270,478 | $744,940 | $835,000 | 7 | $836,373 | $293,177 | $1,140,059 |
| 2022 | $21,628,939 | $-82,764 | $925,307 | $600,000 | 4 | $629,427 | $318,686 | $1,086,032 |
| 2021 | $25,520,473 | $24,808,247 | $447,971 | — | — | $23,964 | $24,761,809 | $363,920 |
Under IRS private-foundation payout rules, Kevin and Nicole Systrom Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kevin and Nicole Systrom Foundation is led by Kevin Systrom, Co-President & Treasurer on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kevin Systrom
Co-President & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Nicole Systrom
Co-President & Secretary
On filings since 2021
1 hr/week
No compensation reported
Tom Van Loben Sels
Assistant Secretary
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 Kevin and Nicole Systrom Foundation
How much does Kevin and Nicole Systrom Foundation give each year?
Kevin and Nicole Systrom Foundation gave $1.1M across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $835K across 7 grants.
What is Kevin and Nicole Systrom Foundation's typical grant size?
Kevin and Nicole Systrom Foundation's median grant in 2024 was $200,000, and its average grant was $157,143, across 7 grants on its 2024 IRS Form 990-PF.
Where does Kevin and Nicole Systrom Foundation give grants?
Kevin and Nicole Systrom Foundation gives mostly in Massachusetts: 57% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (41%).
Does Kevin and Nicole Systrom Foundation give general operating support?
Yes: 71% of Kevin and Nicole Systrom Foundation's 2024 grants with a stated purpose (5 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Kevin and Nicole Systrom Foundation's largest grantees?
Kevin and Nicole Systrom Foundation's largest 2024 grantees include Fidelity Investments Charitable Gift Fund ($375,000), Prime Coalition Inc ($250,000) and Activate Global Inc ($200,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is Kevin and Nicole Systrom Foundation?
Kevin and Nicole Systrom Foundation reported $38.1M in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).
What is Kevin and Nicole Systrom Foundation's EIN?
Kevin and Nicole Systrom Foundation's EIN (Employer Identification Number) is 86-3372429. 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
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