ReMain Nantucket | Archives

01/2020

Schmidt Announcement

ERIC AND WENDY SCHMIDT ANNOUNCE NEW $1 BILLION PHILANTHROPIC COMMITMENT TO IDENTIFY, DEVELOP AND SUPPORT GLOBAL TALENT WORKING IN SERVICE OF OTHERS

MENLO PARK, Calif.— Eric and Wendy Schmidt announced today a $1 billion philanthropic commitment to identify and support talent across disciplines and around the world to serve others and help address the world’s most pressing problems.

Building on the last 13 years of their family’s philanthropy, led by Wendy Schmidt, the couple has steadily increased their philanthropic giving—more than $1 billion to date through The Schmidt Family Foundation, The 11th Hour Project, Schmidt Ocean Institute, 11th Hour Racing, and Schmidt Marine Technology Partners. In 2017, Eric and Wendy Schmidt also created Schmidt Futures, a philanthropic initiative and venture facility for public benefit that focuses on finding exceptional people and helping them do more for others. Today, the couple is deepening their philanthropic work with a new, $1 billion talent commitment to these ini... Read More

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