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20 - ORGANIZATIONS/PRIVATE/Thiel Foundation.md
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@ -180,7 +180,7 @@ relations:
role: "3,000,000 dollars"
fn: 21
created: 2026-10-01
updated: 2026-10-01
updated: 2026-10-14
---
The Thiel Foundation (employer identification number 20-3846597) is a private foundation exempt under section 501(c)(3) of the Internal Revenue Code, with an [[Internal Revenue Service]] ruling date of May 2006. Its first Form 990-PF covers November 22 to December 31, 2005, and reports California as the state in which it is registered. [[Peter Thiel]] is the substantial contributor named on every Schedule B or contributor statement opened for the years 2005 through 2023, and he appears as a director or as chairman of the board in every return from the first to the most recent. The Internal Revenue Service's current record for the foundation gives an address at 215 NW 24th Street, Suite 801, [[Miami]], [[Florida]].[^1][^2] The returns record grants under four program labels (general foundation grants, Imitatio, Breakout Labs, and a fellowship program that the returns call "20under20" through 2016 and the [[Thiel Fellowship]] from 2017), followed in the 2020s by grants to [[DonorsTrust]] labelled "donor advised fund" and a single grant to the [[New Venture Fund]].
@ -257,7 +257,7 @@ The return for 2014 lists 152,983 dollars to the Association Recherches Mimétiq
### Thiel Fellowship and Breakout Labs
Fellowship grants are labelled "20under20 fellowship" in the returns for 2012 to 2016, "Thiel Fellowship Grant" in the returns for 2017 and 2018, and "fellowship" in later returns. Fellowship totals were 2,093,046 dollars in 2013, 2,025,438 dollars in 2014, 2,369,206 dollars in 2015, 2,637,858 dollars in 2016, 2,224,071 dollars in 2017, 2,054,946 dollars in 2018, 1,650,000 dollars in 2021, 2,193,650 dollars in 2022 and 2,187,500 dollars in 2023. The returns for 2013 to 2016 list [[Dylan Field]], [[Delian Asparouhov]] and [[Vitalik Buterin]] among the 20under20 grantees.[^8][^11][^16][^17][^18][^19][^20][^21][^23] The amended return for 2021 reports fellowship grants of 100,000 dollars each on expenditure responsibility statements, and its schedule of other income includes 1,360,000 dollars labelled "grant conversion".[^22] The return for 2012 lists a grant of 200,000 dollars to David Allen Dalrymple under the general program.[^15] The returns for 2012 to 2014 list [[Danielle Strachman]] as a contractor for management of the 20under20 program, paid 275,163 dollars (2012), 250,845 dollars (2013) and 174,363 dollars (2014).[^15][^16][^17]
Fellowship grants are labelled "20under20 fellowship" in the returns for 2012 to 2016, "Thiel Fellowship Grant" in the returns for 2017 and 2018, and "fellowship" in later returns. Fellowship totals were 2,093,046 dollars in 2013, 2,025,438 dollars in 2014, 2,369,206 dollars in 2015, 2,637,858 dollars in 2016, 2,224,071 dollars in 2017, 2,054,946 dollars in 2018, 1,650,000 dollars in 2021, 2,193,650 dollars in 2022 and 2,187,500 dollars in 2023. The returns for 2013 to 2016 list [[Dylan Field]], [[Delian Asparouhov]] and [[Vitalik Buterin]] among the 20under20 grantees.[^8][^11][^16][^17][^18][^19][^20][^21][^23] The amended return for 2021 reports fellowship grants of 100,000 dollars each on expenditure responsibility statements, and its schedule of other income includes 1,360,000 dollars labelled "grant conversion".[^22] The return for 2012 lists a grant of 200,000 dollars to David Allen Dalrymple under the general program.[^15] The returns for 2012 to 2014 list [[Danielle Strachman]] as a contractor for management of the 20under20 program, paid 275,163 dollars (2012), 250,845 dollars (2013) and 174,363 dollars (2014).[^15][^16][^17] In 2015 Strachman and [[Michael Gibson]] founded [[1517 Fund]], a venture fund that describes its grant program as having been scaled from the foundation's own work: its site says that when the two were at the foundation they "put $100K grants behind young people," and that in their last year there the team piloted smaller $1,000 grants.[^29]
Breakout Labs grants first appear in the return for 2011 (Arigos Biomedical, 50,000 dollars). The return for 2012 lists 3Scan (340,000 dollars), Arigos Biomedical (300,000 dollars), Avetech Energy (300,000 dollars), General Genomics (350,000 dollars), Immusoft (398,607 dollars), Siva Therapeutics (350,025 dollars) and Longevity Biotech (346,726 dollars).[^14][^15] Breakout Labs totals were 1,113,513 dollars in 2013, 1,616,000 dollars in 2014 (including 350,000 dollars to Cortexyme), 1,970,000 dollars in 2015, 1,315,000 dollars in 2016, 3,775,000 dollars in 2017 and 1,775,000 dollars in 2018, and the return for 2019 lists six grants of 500,000 dollars each.[^8][^9][^16][^17][^18][^19][^20] The amended return for 2021 lists a holding in Cortexyme valued at 193,149 dollars and investments in unconsolidated entities valued at 18,477,914 dollars.[^22]
@ -301,3 +301,4 @@ The return for 2022 lists "general foundation grants" of 100,000, 120,000 and 12
[^26]: Mithril II LP, Schedule 13D on BlackSky Technology Inc., filed September 20, 2021 (event date September 9, 2021), SEC accession 0001193125-21-277424 (cover page). https://www.sec.gov/Archives/edgar/data/1753539/000119312521277424/d234079dsc13d.htm
[^27]: Seasteading Institute, EIN 26-2386590, Form 990 for 2013, submitted October 15, 2014, ProPublica object ID 201412889349300226 (Part VII, Section A). https://projects.propublica.org/nonprofits/full_text/201412889349300226/IRS990
[^28]: American Friends of Bilderberg Inc., EIN 51-0163715, Forms 990-PF for 2013 (object ID 201431369349100608), 2014 (201501349349102800) and 2015 (201622229349100732), Part I line 1, Part VIII line 1 and Part IX-A. https://projects.propublica.org/nonprofits/full_text/201501349349102800/IRS990PF and https://projects.propublica.org/nonprofits/full_text/201622229349100732/IRS990PF
[^29]: 1517 Fund, "1517 Medici Project," undated page. https://www.1517fund.com/medici