The foundation was established in September 2000, by Intel co-founder Gordon Moore and his wife Betty.
We have grown rapidly from inception in 2000. We currently employ more than 75 people, manage over $5 billion of assets, and have an annual operating budget of approximately $25 million. We intend to pay out approximately five percent of our endowment annually, which equates to an annual grant budget of roughly $250 million.
Our investment objective is to protect the purchasing power of the endowment in perpetuity, and the investment portfolio is a collection of diversified assets designed to deliver relatively stable returns in a variety of market environments. Our investment team 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 us to address the challenges of today and those of future generations.
Grants and Contributions Paid During the Year
Audited Financial Statements