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Rippleworks Foundation
Rippleworks Foundation was established in 2015 by Doug Galen and Chris Larsen. Their prior work at E-Loan and Ripple Labs supplied the initial endowment and...
Rippleworks Foundation
Rippleworks Foundation was established in 2015 by Doug Galen and Chris Larsen. Their prior work at E-Loan and Ripple Labs supplied the initial endowment and network. The foundation operates as a private grantmaking entity focused on scaling social impact organizations. The foundation commits capital across venture and direct holdings. Positions include EA Foods Limited in Kenya, WARC Ghana Limited, Kiva Protocol in Sierra Leone, Lapaire, Complete Farmer, and myAgro Farms in West Africa. It also holds limited partner interests in Illumen Capital and DAI Asset Management. Activity spans North America and multiple African markets. The organization employs 112 people at its Redwood City headquarters. Chris Larsen maintains membership in the Young Presidents' Organization. Rippleworks Foundation participated as a speaker at the 2024 Ripple Summit on entrepreneurship and scaling social ventures. The foundation's structure ties directly to Ripple Labs as primary donor and endowment source. This relationship supplies both the XRP treasury and ongoing operational support without creating a separate family office vehicle.
General information
Firm type
Endowment / Foundation
Year founded
2015
Location
Region
North America
Country
United States
City
Redwood City
Corporate office
889 Winslow St, Redwood City, CA 94063, United States
Principals
Doug Galen
Co-founder and CEO
Chris Larsen
Co-founder
Sector focus
Frequently asked questions
Who runs investment decisions at Rippleworks Foundation?
Doug Galen serves as co-founder and CEO. Chris Larsen serves as co-founder and maintains ties to Ripple Labs as Executive Chairman.
How is Rippleworks Foundation related to Ripple Labs?
Ripple Labs acts as primary donor and endowment provider. The foundation received its XRP holdings through this channel and lists Ripple Labs as its main business partner.
Does Rippleworks Foundation participate in fund commitments or only direct deals?
The foundation holds both direct operating businesses and limited partner interests. Confirmed LP positions include Illumen Capital and DAI Asset Management.
Where does the underlying wealth come from?
Wealth traces to Doug Galen and Chris Larsen through their roles at E-Loan and Ripple Labs. The foundation's endowment includes a substantial XRP position.
What geographic footprint does Rippleworks Foundation cover?
Headquarters sit in Redwood City, California. Portfolio companies operate in Kenya, Ghana, Sierra Leone, and other West African markets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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