The Gordon and Betty Moore Foundation was established in September 2000, by Intel co-founder Gordon Moore and his wife Betty.
The Foundation grew rapidly from its establishment in 2000 and currently employs more than 70 people, manages over $6 billion of assets, and has an annual operating budget of approximately $20 million. The Foundation intends to pay out at least five percent of its endowment annually, which equates to an annual grant budget of approximately $300 million. Since inception, the Foundation has exceeded the federally mandated payout level by $20 million and paid over $65 million in taxes.
The Foundation’s investment objective is to protect the purchasing power of the endowment in perpetuity. As such, the investment portfolio is a collection of diversified assets designed to deliver relatively stable returns in a variety of market environments. The Foundation strives to balance the competing goals of generating a long-term return in excess of spending and inflation while providing a predictable, stable source of funds for current programs. Success in this approach will enable the Foundation to address the challenges of today and those of future generations.
Grants and Contributions Paid During the Year
Form 990-PF
Form 990-T
Audited Financial Statements