Darla Moore and Richard Rainwater Foundation
Private foundation Lake City, SC Still adding venture funds
Darla Moore and Richard Rainwater Foundation reports 6 venture funds, $18M in all.
Holdings are from its Form 990-PF return for the year ending December 31, 2024, compared with the one for December 31, 2023. That is more than a year ago: it may have added or sold funds since. Foundations file up to ten and a half months after their year ends, and the IRS publishes returns months after that. “Still adding venture funds”: its newest venture fund is a 2021 vintage, within 3 years of 2024.
Updates from Darla Moore and Richard Rainwater Foundation
All of Darla Moore and Richard Rainwater Foundation’s updates on Hottub VC
Largest venture holdings
From its Form 990-PF return for the year ending December 31, 2024; “New” is a fund that wasn’t on the return before it.
| Fund, as reported | Manager | Vintage | Year-end value |
|---|---|---|---|
| Madrona Venture | Madrona Venture Group | — | $7.2M |
| TCG Crossover Fund | TCG Labs | — | $3.2M |
| Wavecrest Growth Partners | Wavecrest Management Company, LLC | — | $1.9M |
| Obvious Ventures III LP | Obvious Ventures | 2019 | $1.8M |
| Tusk Venture Partners III Emerging manager | Tusk Venture Partners Advisor LLC | 2021 | $914K |
In the app: 1 more venture fund, 1 fund of funds, the 2 firms it pays to manage or advise on its investments. Open Darla Moore and Richard Rainwater Foundation in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
LPs nearby
Within 100 miles, by city: a trip to one can take in the others.
About this data
Holdings as this foundation lists them on its Form 990-PF (Part II, lines 13 and 15). Amounts are year-end fair market value, or book value where it gives no other, not commitments or returns. As of December 31, 2024; new holdings are those not on its return for the year ending December 31, 2023. Source: IRS Form 990-PF. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.
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