# Rippleworks Foundation

Rippleworks Foundation is an Endowment / Foundation based in Redwood City, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Redwood City, United States
- **Region:** North America
- **Address:** 889 Winslow St, Redwood City, CA 94063, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** rippleworks.org
- **LinkedIn:** https://www.linkedin.com/company/rippleworks

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Social Impact
- Venture Capital

## People

- Doug Galen — Co-founder and CEO
- Chris Larsen — Co-founder

## 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.

### 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.

## Related profiles

- [Jupiter Wealth Management](https://altss.com/profile/jupiter-wealth-management)
- [NMR Pension Fund](https://altss.com/profile/nmr-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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