OVERVIEW: The ZOOM Foundation supports organizations helping to provide children with access to quality public school education.
IP TAKE: This funder seeks innovative projects and programs that demonstrate a high potential to have a sustainable impact.
PROFILE: Established in 2000, the ZOOM Foundation is a “[f]amily foundation established to effect social change through philanthropy,” by partnering with “[e]xceptional leaders who use a practical, entrepreneurial approach to innovation and change.” ZOOM’s founders are Stephen and Susan Mandel. Stephen Mandel, an investor and hedge fund manager, founded the private investment management company Lone Pine Capital in 1997. The foundation’s funding priorities include the environment and education.
ZOOM’s education program focuses on “[t]ransformative and sustainable change efforts at the school, community and system levels” According to tax filings, ZOOM is a sizable foundation with $75 million to $100 million in assets and awards between $45 million and $55 million in grants each year.
This foundation is not transparent regarding its grantmaking activities, guidelines and eligibility requirements. Grantseekers are encouraged to contact foundation staff for detailed grant information. The ZOOM Foundation does not accept unsolicited letters of inquiry or requests for funding.
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