LP profile · Foundation
Crankstart Foundation
Crankstart Foundation is a foundation headquartered in United States (North America). Ranked #188 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- Crankstart is a family foundation established by venture capitalist Michael Moritz and his wife, novelist Harriet Heyman.
- The foundation, based in San Francisco, has seen its endowment and grantmaking activities expand significantly in recent years, corresponding with the founders' growing wealth.
Source of Capital
- The foundation's capital is derived from the personal wealth of its founders, Michael Moritz and Harriet Heyman.
- As of 2020, the foundation reported net assets of $1.8 billion, with Michael Moritz contributing $81 million in that year alone.
Major Events
- No information available.
Allocation Strategy
- The foundation operates as a private grantmaking organization, focusing on providing funds to non-profit organizations.
- Its primary funding interests are centered on education, economic mobility, housing security, democracy, arts and culture, and scientific research.
- In 2021, the foundation reported distributing over $250 million in grants, and in 2023, it contributed over $203 million.
Sources
- https://crankstart.org/
- https://www.influencewatch.org/non-profit/crankstart-foundation/
- https://www.insidephilanthropy.com/find-a-grant/grants-c/crankstart-foundation
- https://www.instrumentl.com/990-report/crankstart-foundation
- https://missionlocal.org/2025/06/foundation-of-michael-moritz-vc-billionaire-gives-3-4m-to-s-f-immigrant-defense/
- https://www.vox.com/recode/2021/3/27/22351181/san-francisco-philanthropy-summer-school-crankstart