Robert and Virginia Shiller Foundation
The Robert and Virginia Shiller Foundation is a private family foundation established by Nobel Prize-winning economist Robert Shiller and clinical psychologist Virginia Shiller. Based in Belmont, Massachusetts, the foundation operates as an invitation-only funder that makes discretionary grants to preselected charitable organizations without accepting unsolicited applications.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$603K
+24.2% YoY
Grant Count
14
+100.0% YoY
Avg Grant Size
$43K
-37.9% YoY
Mission & Focus Areas
The foundation does not specify formal subject areas of focus but has demonstrated support across education, philanthropy, voluntarism and grantmaking, and human services. For the Shillers, sharing their wealth and supporting social programs is described as "a core part of their life philosophy," though the foundation is noted as "still evolving" in its mission and focus.
Grantmaking
The foundation makes discretionary grants to preselected organizations and does not operate formal grant programs.
Grant Range
$1,000–$350,000
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Geographic Focus
Where this funder awards grants
The foundation funds projects across numerous U.S. cities and states, with emphasis on Connecticut and the Northeast. Geographic reach includes Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Massachusetts, Maryland, Michigan, Minnesota, New Jersey, New York, Oregon, Pennsylvania, Texas, Virginia, Washington, and Washington, DC. The foundation has also made grants internationally in London and Oxford.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $14,509,954
- Total giving: $602,500
- Total revenues: $986,001
- Total expenses: $678,512
Assets & Revenue (2023):
- Total assets: $14,202,465
- Total revenues: $2,963,061
- Total expenses: $512,237
Investment Performance:
- Investment income and dividends (2024): $542,614 (19.7% increase from 2023)
The foundation maintains a giving rate of approximately 4.2% of assets.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
144 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
The foundation is managed by trustees Robert Shiller, Virginia Shiller, and Derek Shiller, who all serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT SHILLER | TRUSTEE | 0.5 | — |
| VIRGINIA SHILLER | TRUSTEE | 0.5 | — |
| DEREK SHILLER | TRUSTEE | 0.5 | — |
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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