The Ethereum Foundation holds $845 million in ETH, representing 0.25% of the total supply. It allocates funding to education, research, and development, which has led to the development of zero-knowledge cryptography and funded conferences, online courses, and novel projects like the ZK Email Wallet and Daimo payment protocol. The foundation recently came under fire for transferring $100 million to Kraken for future expenses as some in the community call for greater transparency.