The Patterson Foundation
Private foundation Sarasota, FL thepattersonfoundation.org Still adding venture funds
The Patterson Foundation reports 4 venture funds, $16M in all; 1 is new since its last report.
Holdings are from its Form 990-PF return for the year ending June 30, 2025, compared with the one for June 30, 2024. 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”: 1 fund on this one was not on the one for June 30, 2024.
The numbers
| Vintage | Venture funds |
|---|---|
| 2015 | 1 |
| 2016 | 1 |
| 2017 | 1 |
Updates from The Patterson Foundation
Largest venture holdings
From its Form 990-PF return for the year ending June 30, 2025; “New” is a fund that wasn’t on the return before it.
| Fund, as reported | Manager | Vintage | Year-end value |
|---|---|---|---|
| Institutional Venture Partners XVI | IVP | 2017 | $5.9M |
| Foundry Group Next LP | Foundry Group | 2016 | $5.6M |
| Frazier Healthcare Growth Buyout Fund VIII LP Emerging manager | Frazier Group Management, LLC | 2015 | $1.3M |
| Benchmark 2024-V6 6.38427% Due 03-15-2057 New | Benchmark | — | $172K |
In the app: 6 funds of funds. Open The Patterson 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.
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- DRS Kiran & Pallavi Patel 2017 Foundation for Global Understanding Inc
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15 LPs within 100 miles in all: see them on the map.
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 June 30, 2025; new holdings are those not on its return for the year ending June 30, 2024. 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.