Kevin and Nicole Systrom Foundation
Kevin and Nicole Systrom Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.1M
+62.5% YoY
Annual Giving
$1.1M
+31.7% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$157K
+31.7% YoY
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.
About Kevin and Nicole Systrom Foundation
Based on IRS filings
Kevin and Nicole Systrom Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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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 | $38,113,976 | $23,456,776 | $21,628,939 |
| Revenue | $13,435,102 | $270,478 | $-82,764 |
| Expenses | $1,641,207 | $744,940 | $925,307 |
| Qualifying Distributions | $1,101,436 | $836,373 | $629,427 |
| Net Investment Income | $13,349,459 | $293,177 | $318,686 |
| Distributable Amount | $1,074,711 | $1,140,059 | $1,086,032 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Investments Charitable Gift Fund ($375,000), Prime Coalition Inc ($250,000), Activate Global Inc ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTIVATE GLOBAL INC BERKELEY, CA | GENERAL SUPPORT | $200,000 |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND BOSTON, MA | GENERAL SUPPORT | $375,000 |
| FOOD FOR SOUL INC LIVERPOOL, NY | GENERAL SUPPORT | $15,000 |
| PRIME COALITION INC CAMBRIDGE, MA | GENERAL SUPPORT | $250,000 |
| RELEASE RECOVERY FOUNDATION INC NEW YORK, NY | ANNUAL GALA | $10,000 |
| THE NUEVA SCHOOL HILLSBOROUGH, CA | NUEVA FUND | $200,000 |
| TIPPING POINT COMMUNITY SAN FRANCISCO, CA | GENERAL SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN SYSTROM | CO-PRESIDENT/TREASURER | 1 | — |
| NICOLE SYSTROM | CO-PRESIDENT/SECRETARY | 1 | — |
| TOM VAN LOBEN SELS | ASSISTANT SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kevin and Nicole Systrom Foundation?
Kevin and Nicole Systrom Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALO ALTO, CA. It holds $38.1M in total assets as of 2024.
How large is Kevin and Nicole Systrom Foundation?
As of 2024, Kevin and Nicole Systrom Foundation holds $38.1M in total assets with $13.4M in annual revenue. It awarded 7 grants totaling $1.1M in 2024.
Where does Kevin and Nicole Systrom Foundation operate?
Kevin and Nicole Systrom Foundation has awarded grants in California, Massachusetts, New York, Washington.
What size grants does Kevin and Nicole Systrom Foundation award?
In 2024, Kevin and Nicole Systrom Foundation awarded 7 grants totaling $1.1M — an average of about $157K per grant, based on its IRS Form 990 filings.
How much is Kevin and Nicole Systrom Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kevin and Nicole Systrom Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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