#409 of 500 · Foundation / Grantmaker / DAF

Novo Foundation

EIN 47-0824753 · NY · NTEE T99 · Form 990-PF, fiscal 2023

A private grantmaking foundation established by Peter and Jennifer Buffett (Peter is a son of Warren Buffett). Operating as a 990-PF, it makes grants supporting social change, with historical focus areas including advancing the rights and wellbeing of adolescent girls, ending violence against girls and women, promoting social and emotional learning, local economies, and Indigenous communities.

Financials, fiscal 2023

Revenue

$373.9M

Expenses

$174.1M

Total assets

$719.3M

Net assets

$560.2M

Operating margin

53.4%

1-year growth

12.4%

5-year growth (CAGR)

-1.4%

Reserve (years of spending)

38.6

Contributions share

95.2%

Programme spending

n/a

Fundraising cost

n/a

Executive pay share

0.58%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

2

NFP Health Score: 78 / 100

Financial 69 · Governance 85 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To foster a transformation in global society, moving away from a culture of domination and toward a new and more balanced worldview based on partnership, mutual respect and collaboration.

Revenue history