Lucile Packard Foundation For Childrens Health
- Assets
- $374.7m
- Revenue
- $175.7m
- Investments
- $146.1m
- Employees
- 102
- Location
- Palo Alto, CA
- Founding
- 07/2001
- Data as of
- 08/2021
- EIN
- 77-0440090
Organization Overview
Lucile Packard Foundation For Childrens Health is located in Palo Alto, CA. The organization was established in 2001. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 08/2021, Lucile Packard Foundation For Childrens Health employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucile Packard Foundation For Childrens Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Lucile Packard Foundation For Childrens Health generated $175.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $164.2m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lucile Packard Foundation For Childrens Health has awarded 124 individual grants totaling $822,929,842. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH WORKS IN ALIGNMENT WITH LUCILE PACKARD CHILDREN'S HOSPITAL STANFORD AND THE CHILD HEALTH PROGRAMS OF STANFORD UNIVERSITY. OUR MISSION IS TO ELEVATE THE PRIORITY OF CHILDREN'S HEALTH AND INCREASE THE QUALITY AND ACCESSIBILITY OF CHILDREN'S HEALTH CARE THROUGH LEADERSHIP AND DIRECT INVESTMENT.
Describe the Organization's Program Activity:
DEVELOPMENT: THE FOUNDATION RAISES MONEY TO SUPPORT THE LUCILE PACKARD CHILDREN'S HOSPITAL AND THE PEDIATRIC AND OBSTETRIC PROGRAMS AT THE STANFORD SCHOOL OF MEDICINE. ONE HUNDRED PERCENT OF FUNDS RAISED ARE TRANSFERRED TO THE HOSPITAL AND SCHOOL OF MEDICINE ON A MONTHLY BASIS. THE FOUNDATION COMPLETED ITS LAST CAMPAIGN AT THE END OF 2012, RAISING A TOTAL OF $548M AGAINST A CAMPAIGN GOAL OF $500M. THE FOUNDATION HAS ENTERED A NEW CAMPAIGN AND IS CURRENTLY DEVELOPING THE CASE STATEMENT AND SOLICITING LEAD GIFTS.
FOUNDATION PROGRAMS: THROUGH ITS PROGRAMS AND PARTNERSHIPS WORK, THE FOUNDATION SEEKS TO BUILD AWARENESS ABOUT ISSUES AFFECTING CHILDREN'S HEALTH BY INVESTING IN PROGRAMS TO ENHANCE THE SYSTEM OF CARE FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS AND THEIR FAMILIES AND THROUGH THE PROVISION OF DATA ON THE HEALTH AND WELL BEING OF CHILDREN IN CALIFORNIA. DURING THE FISCAL YEAR ENDED AUGUST 31, 2021, THE FOUNDATION INVESTED APPROXIMATELY $5.9 MILLION IN THIS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Perronne SVP For Development Admin, COO | Officer | 40 | $904,670 |
Cynthia Brandt President & CEO | OfficerTrustee | 40 | $772,269 |
Kathryn Coulbourn CFO | Officer | 40 | $539,505 |
Sarah Collins VP Principal Gifts | 40 | $342,595 | |
James Deasy Associate VP & Deputy Ops | 40 | $281,447 | |
Rachel Glebov Associate VP Major Gifts | 40 | $274,221 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Population Reference Bureau Consulting/data Collection | 8/30/21 | $262,240 |
Community Counselling Service Consulting/recruitment | 8/30/21 | $620,000 |
Matthew I Reamy Consulting/recruitment | 8/30/21 | $207,022 |
Davinci Direct Inc Consulting/production/printing | 8/30/21 | $195,909 |
Schultz & Williams Inc Consulting/printing | 8/30/21 | $252,372 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,997 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,031,654 |
| Noncash contributions included in lines 1a–1f | $10,786,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,133,651 |
| Total Program Service Revenue | $22,342,066 |
| Investment income | $286,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,908,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,670,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,398,262 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $64,666 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,960,283 |
| Compensation of current officers, directors, key employees. | $384,092 |
| Compensation to disqualified persons | $100,341 |
| Other salaries and wages | $11,717,887 |
| Pension plan accruals and contributions | $949,959 |
| Other employee benefits | $1,250,835 |
| Payroll taxes | $824,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $180,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $595,770 |
| Fees for services: Investment Management | $346,232 |
| Fees for services: Other | $3,393,623 |
| Advertising and promotion | $221,550 |
| Office expenses | $523,779 |
| Information technology | $600,087 |
| Royalties | $0 |
| Occupancy | $1,741,465 |
| Travel | $16,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,375 |
| Insurance | $101,258 |
| All other expenses | $155,326 |
| Total functional expenses | $164,157,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,142 |
| Savings and temporary cash investments | $30,692,067 |
| Pledges and grants receivable | $152,686,866 |
| Accounts receivable, net | $1,088,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,818 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $585,868 |
| Net Land, buildings, and equipment | $440,860 |
| Investments—publicly traded securities | $28,257,598 |
| Investments—other securities | $146,140,568 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,472,804 |
| Total assets | $374,660,556 |
| Accounts payable and accrued expenses | $3,486,024 |
| Grants payable | $2,140,323 |
| Deferred revenue | $10,019,759 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,334,758 |
| Total liabilities | $40,980,864 |
| Net assets without donor restrictions | $151,776,707 |
| Net assets with donor restrictions | $181,902,985 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $374,660,556 |
Grants Awarded
Over the last fiscal year, Lucile Packard Foundation For Childrens Health has awarded $138,398,262 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: CHILDREN'S HEALTH | $135,060,835 |
Washington, DC PURPOSE: KIDSDATA | $1,700,000 |
San Francisco, CA PURPOSE: PROJECT LEADERSHIP PHASE VI: ENGAGING DIVERSE FAMILIES FOR HEALTH SYSTEMS IMPROVEMENT | $418,192 |
San Francisco, CA PURPOSE: THE AFFIRM 2021 STUDY (ASSESSING FAMILY FRIENDLY CARE IN REALIZING SELF-MANAGEMENT): DEVELOPMENT AND PHASE I PILOT OF A SELF-MANAGEMENT SUPPORT SURVEY FOR FAMILIES OF CHILDREN WITH SPECIAL HEALTH CARE | $249,400 |
New York, NY PURPOSE: PEDIATRIC ICU CONTINUITY STRATEGIES CONFERENCE AND GUIDELINES FORMULATION | $155,636 |
San Francisco, CA PURPOSE: CALIFORNIA HEALTH REPORT SOLUTIONS JOURNALISM ON CSHCN | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lucile Packard Foundation For Childrens Health has recieved totaling $1,362,022.
| Awarding Organization | Amount |
|---|---|
San Jose Auxiliary For Children San Jose, CA PURPOSE: TO ASSIST FAMILIES WITH CHILDREN'S MEDICAL EXPENSES. | $806,725 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. MICHELLE MONJE FOR PEDIATRIC BRAIN CANCERS | $300,000 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. MICHELLE MONJE FOR ASSESSING THE CD2-CD58 AXIS AS A POTENT REGULATOR OF CAR T CELL ACTIVITY IN ADOPTIVE CELLULAR IMMUNOTHERAPY | $142,000 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. LAURA PROLO INTO THE METABOLIC ADAPTATION OF CANCER CELLS (MACROPINOCYTOSIS) AS A THERAPEUTIC TARGET IN PEDIATRIC HIGH-GRADE GLIOMAS | $50,000 |
San Jose Auxiliary For Children San Jose, CA PURPOSE: ASSIST TEENS AFFECTED BY ILLNESS | $33,297 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. LAURA PROLO INTO THE METABOLIC ADAPTATION OF CANCER CELLS (MACROPINOCYTOSIS) AS A THERAPEUTIC TARGET IN PEDIATRIC HIGH-GRADE GLIOMAS | $25,000 |
Endowment Analysis
| Beg. Balance | $118,883,388 |
| Earnings | $39,885,897 |
| Admin Expense | $387,344 |
| Other Expense | $2,985,942 |
| Grants | $2,233,924 |
| Ending Balance | $153,162,075 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars-Sinai Medical Care Foundation Los Angeles, CA | $564,609,326 | $560,931,684 |
Torrance Health Association Inc Torrance, CA | $170,153,261 | $225,041,407 |
Loma Linda University Health Care Loma Linda, CA | $123,842,223 | $208,247,107 |
Kaiser Hospital Asset Management Inc Oakland, CA | $974,819,494 | $187,480,627 |
Health Care Employees Dental Trust Dublin, CA | $44,289,961 | $174,833,116 |
Lucile Packard Foundation For Childrens Health Palo Alto, CA | $374,660,556 | $175,670,547 |
Teamsters Managed Health Care Trust Pleasanton, CA | $34,990,586 | $90,291,232 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $8,134,571 | $74,305,229 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $691,186,910 | $97,588,377 |
Saint Agnes Medical Foundation Fresno, CA | $14,742,009 | $46,818,162 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $65,023,279 | $80,787,185 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $308,869,561 | $61,696,347 |