The Gordon & Betty Moore Foundation, based in Palo Alto, California and founded in September 2000, is the eleventh largest foundation (by assets) in the United States at just over $6 billion. The Foundation"s science-based, results-driven orientation stems from the principles and interests of Gordon and Betty Moore. The Foundation operates proactively in three specific areas of focus-environmental conservation, science, and the San Francisco Bay Area-where a significant and measurable impact can be achieved. The foundation maintains a 30% allocation ($1.8 billion) to direct hedge funds and 15% ($900 million) to private equity funds.