Lucile Packard Foundation For Childrens Health
- Assets
- $459.0m
- Revenue
- $230.0m
- Investments
- $128.9m
- Employees
- 153
- Location
- Palo Alto, CA
- Founding
- 07/2001
- Data as of
- 08/2022
- 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 08/2023, Lucile Packard Foundation For Childrens Health employed 153 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 08/2022, Lucile Packard Foundation For Childrens Health generated $230.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $142.5m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lucile Packard Foundation For Childrens Health has awarded 182 individual grants totaling $1,230,171,241. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH UNLOCKS PHILANTHROPY TO TRANSFORM HEALTH FOR CHILDREN AND FAMILIES IN OUR COMMUNITY AND AROUND THE WORLD. WE FOCUS ON FUNDRAISING FOR LUCILE PACKARD CHILDREN'S HOSPITAL AND THE MATERNAL AND CHILD HEALTH PROGRAMS OF STANFORD UNIVERSITY SCHOOL OF MEDICINE, ADVANCING EQUITY AND ACCESS TO CARE FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS AND RAISING AWARENESS AND SUPPORT FOR CHILDREN'S HEALTH ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT: THE FOUNDATION RAISES FUNDS TO SUPPORT THE LUCILE PACKARD CHILDREN'S HOSPITAL STANFORD AND THE CHILD HEALTH 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 SOLICITING LEAD GIFTS.
CHILDREN AND YOUTH WITH SPECIAL HEALTH CARE NEEDS: THROUGH ITS PROGRAM 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 AND YOUTH WITH SPECIAL HEALTH CARE NEEDS AND THEIR FAMILIES. DURING THE FISCAL YEAR ENDED AUGUST 31, 2023, THE FOUNDATION INVESTED APPROXIMATELY $4.8 MILLION IN THIS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul King Director | Trustee | 0.3 | $0 |
Cynthia Brandt President & CEO | OfficerTrustee | 40 | $1,024,651 |
Jeffrey Shilling Svp, Individual Giving | Officer | 40 | $501,617 |
Kathryn Coulbourn CFO | Officer | 40 | $503,733 |
Ann Rose Senior Director Foundations | 40 | $446,761 | |
Andrew Kaufteil SVP Strategic Communications | Officer | 40 | $373,510 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davinci Direct Inc Consulting/production/printing | 8/30/23 | $628,349 |
Parachute Technology Inc Consulting/it Services | 8/30/23 | $420,938 |
One Workplace L Ferrari Llc Construction/consulting | 8/30/23 | $3,448,423 |
Kate Wolf Consulting Inc Consulting/systems Setup & Training | 8/30/23 | $401,600 |
Cambridge Associates Llc Consulting/investments | 8/30/23 | $374,701 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $648,860 |
| Related organizations | $0 |
| Government grants | $98,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,244,841 |
| Noncash contributions included in lines 1a–1f | $5,222,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,991,701 |
| Total Program Service Revenue | $28,359,562 |
| Investment income | $383,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$566,959 |
| Net Income from Fundraising Events | -$134,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,032,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,820,786 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,788,507 |
| Compensation of current officers, directors, key employees. | $245,701 |
| Compensation to disqualified persons | $12,670 |
| Other salaries and wages | $14,684,721 |
| Pension plan accruals and contributions | $1,104,641 |
| Other employee benefits | $1,483,753 |
| Payroll taxes | $1,036,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $285,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $156,550 |
| Fees for services: Investment Management | $306,322 |
| Fees for services: Other | $4,360,841 |
| Advertising and promotion | $233,428 |
| Office expenses | $579,190 |
| Information technology | $51,661 |
| Royalties | $0 |
| Occupancy | $2,373,597 |
| Travel | $92,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,746 |
| Insurance | $145,239 |
| All other expenses | -$4,644 |
| Total functional expenses | $142,465,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,383 |
| Savings and temporary cash investments | $39,824,139 |
| Pledges and grants receivable | $245,620,160 |
| Accounts receivable, net | $1,073,682 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $746,366 |
| Net Land, buildings, and equipment | $3,161,508 |
| Investments—publicly traded securities | $26,379,157 |
| Investments—other securities | $128,913,802 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,107,243 |
| Total assets | $458,952,440 |
| Accounts payable and accrued expenses | $4,480,689 |
| Grants payable | $1,925,615 |
| Deferred revenue | $9,409,883 |
| 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 | $35,464,863 |
| Total liabilities | $51,281,050 |
| Net assets without donor restrictions | $135,053,368 |
| Net assets with donor restrictions | $272,618,022 |
| 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 | $458,952,440 |
Grants Awarded
Over the last fiscal year, Lucile Packard Foundation For Childrens Health has awarded $170,143,333 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN NOW PURPOSE: FAMILY ENGAGEMENT IN CHILDREN'S POLICYMAKING: CREATING A PLAYBOOK FOR ONBOARDING & SUPPORTING CAREGIVER ADVOCATES | $160,000 |
CHILDREN'S REGIONAL INTEGRATED SERVICE SYSTEM (CRISS) PURPOSE: CALAIM AND CCS CHILDREN & YOUTH: MONITORING PLANNING & IMPLEMENTATION | $44,000 |
STANFORD UNIVERSITY SCHOOL OF MEDICINE PURPOSE: CPQCC STATEWIDE NICU FAMILY ADVISORY COUNCIL | $186,499 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO PURPOSE: THE AFFIRM 2021 STUDY SUPPLEMENT | $6,000 |
LUCILE PACKARD CHILDREN'S HOSPITAL PURPOSE: CHILDREN'S HEALTH | $111,995,207 |
CALIFORNIA HEALTH REPORT (TIDES CENTER) PURPOSE: SOLUTIONS JOURNALISM STORIES AND COLUMNS ON CSHCN | $44,162 |