Schmidt Family Foundation Schmidt Family Foundation The Schmidt Family Foundation is a private foundation created in 2006 by Eric Schmidt, the Executive Chairman of Google, and his wife Wendy Schmidt, to address issues pertaining to sustainability and the responsible use of natural resources. The foundation was established in 2006 by Eric and Wendy Schmidt, with assets valued at $82 million. As of December 31, 2011, the foundation’s assets were valued at $178 million, which included $30.7 million in Google Class A stock. The foundation is focused on the application of new knowledge and innovation and advancement original research in science, energy, and biosphere
Eric Schmidt fossil fuels with renewable energy. Ash Carter appointed Schmidt as chairman of the DoD Innovation Advisory Board announced March 2, 2016. It will be modeled like the Defense Business Board and will facilitate the Pentagon at becoming more innovative and adaptive. Schmidt is an investor in The Groundwork, a start-up company associated with Hillary Clinton's 2016 presidential campaign. For example, it charged the campaign $177,000 in the second quarter of 2015. By May 2016, the campaign had spent $500,000 on it. Schmidt is an investor in Timshel, another start up company associated with Hillary Clinton's 2016 presidential campaign. Timshel is