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Nonprofiteer
← SHELL FOUNDATION

Form 990 for tax year 2024

Filed by SHELL FOUNDATION.

Totals

Total revenue
$45,331,982
Total expenses
$22,671,900
Contributions and grants received
$26,147,360
Grants paid
$8,432,253
Program service revenue
$0
Investment income
$19,184,622
Other revenue
$0
Total assets, end of year
$697,105,639
Total liabilities, end of year
$24,951,856
Net assets or fund balances, end of year
$672,153,783
Program services expenses (Part IX)
$13,479,504
Management and general expenses
$9,192,396
Fundraising expenses
$0
Program service expenses (Part III)
$13,479,504

Program services were 59.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR GRZEGORZ LUKASZ GUT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR HUIBERT HANS VIGEVENO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Jack Ngare

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Parminder Kohli

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Paul Simpson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • MS ALICE CHAPPLE

    TRUSTEE (END DECEMBER 2024)

    Total calculated
    $0
    Hours/week
    1

  • MS GAIL KLINTWORTH

    TRUSTEE - CHAIR

    Total calculated
    $31,865
    From this org
    $31,865
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MS OLUFUNKE OLAYEMI OPEKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS SINEAD CAITLIN LYNCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS VINITA BALI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JONATHAN BERMAN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $448,387
    From this org
    $448,387
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,963
    Bonus
    $58,580
    Other
    $50,844
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $448,387

  • Mr Nicholas Voges

    Chief Financial and Operating Officer

    Total calculated
    $0
    Hours/week
    40

  • MR RICHARD GOMES

    CHIEF PROGRAMME OFFICER

    Total calculated
    $291,371
    From this org
    $291,371
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,371
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $291,371

  • MS RACHEL SINGH DAVIES

    CFO AND COMPANY SECRETARY

    Total calculated
    $278,988
    From this org
    $278,988
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,988
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $278,988

  • MR NICHOLAS JONES

    MARKET DEVELOPMENT MANAGER

    Total calculated
    $212,634
    From this org
    $212,634
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,634
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $212,634

  • MR WILLIAM SUMNER

    FINANCE MANAGER

    Total calculated
    $201,288
    From this org
    $201,288
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,288
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $201,288

  • MS EMMA STEPHENSON

    PORTFOLIO LEAD TRANSPORTERS

    Total calculated
    $206,870
    From this org
    $206,870
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,870
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $206,870

  • MS MEERA SHAH

    PORTFOLIO LEAD FARMERS

    Total calculated
    $248,553
    From this org
    $248,553
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,553
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $248,553

  • Ms Tanya Kothari

    Portfolio Lead Micro-entrepreneurs

    Total calculated
    $188,496
    From this org
    $188,496
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,496
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,496

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4c Equity-based compensation arrangement
SOME SHELL FOUNDATION STAFF ARE ELIGIBLE FOR THE PERFORMANCE SHARE SCHEME OF SHELL PLC. THIS DATA IS NOT AVAILABLE TO SHELL FOUNDATION AT INDIVIDUAL LEVEL.
Schedule J, Part I, Line 7 Non-fixed payments
THE ORGANIZATION OFFERS BONUSES TO PERSONS EMPLOYED BY THE ORGANIZATION. THESE BONUSES ARE CALCULATED WITH A FORMULA. THE DECISION TO AWARD BONUSES IS DISCRETIONARY AND INDIVIDUAL DETAILS ARE NOT KNOWN DUE TO DATA PROTECTION REGULATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Google LLC - X Division

    $1,550,000

    Accelerating radical solutions with breakthrough technologies that will materially move farmers, UTs and MEs from earning below a living income to a living income

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SHELL INTERNATIONAL LIMITED

    C Corporation · CORPORATE SERVICE · UK · 0% owned · share of income $0 · share of assets $0

  • SHELL ASSET MANAGEMENT COMPANY

    C Corporation · ASSET MANAGEMENT · NL · 0% owned · share of income $0 · share of assets $0

  • BG GROUP LTD

    C Corporation · CORPORATE HOLDING · UK · 0% owned · share of income $0 · share of assets $0

  • SHELL TRADING INTERNATIONAL LTD

    C Corporation · OPERATING COMPANY · UK · 0% owned · share of income $0 · share of assets $0

  • SHELL PLC

    C Corporation · ULTIMATE PARENT COMPANY · UK · 0% owned · share of income $0 · share of assets $0

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202503189349313240

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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