William & Flora Hewlett Foundation
- Assets
- $14.9b
- Revenue
- $1.1b
- Investments
- $14.7b
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 94-1655673
Organization Overview
William & Flora Hewlett Foundation is located in Menlo Park, CA. The organization was established in 1968. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Flora Hewlett Foundation 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 12/2021, William & Flora Hewlett Foundation generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $617.7m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, William & Flora Hewlett Foundation has awarded 17,206 individual grants totaling $5,209,145,388. 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 Program Activity:
SEE PAGES 20-21 (SUMMARY OF ALL DIRECT CHARITABLE ACTIVITIES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Marshall VP & Chief Investment Officer | 40 | $5,146,361 | |
Brett Johnson Dep Cio/dir Pub Inv | 40 | $2,656,533 | |
Luis Laboy Dir, Public Equity | 40 | $2,269,163 | |
Thomas Mieczkowski Dir, Private Invsmnt | 40 | $2,005,379 | |
Larry Kramer President | 40 | $927,156 | |
Bradley Mccarter Assoc Dir, Invesmnts | 40 | $548,381 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gmmb Inc | 12/30/21 | $463,885 |
Sri International | 12/30/21 | $435,150 |
Bny Mellon | 12/30/21 | $529,555 |
Slalom Llc | 12/30/21 | $6,340,009 |
Evercore | 12/30/21 | $373,424 |
Sri International | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,192 |
| Dividends & Interest | $19,644,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,053,753,407 |
| Capital Gain Net Income | $1,245,721,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,482,867 |
| Total Revenue | $1,115,887,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,515,472 |
| Other employee salaries and wages | $27,795,624 |
| Pension plans, employee benefits | $7,911,104 |
| Interest | $103,309 |
| Taxes | $30,564,938 |
| Depreciation | $1,741,187 |
| Occupancy | $720,415 |
| Travel, conferences, and meetings | $1,029,006 |
| Printing and publications | $2,843 |
| Other expenses | $5,294,906 |
| Total operating and administrative expenses | $98,219,075 |
| Contributions, gifts, grants paid | $519,443,745 |
| Total expenses and disbursements | $617,662,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $72,723,739 |
| Net Accounts receivable | $1,913,029 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,303,591 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,466,058,303 |
| Net Land, buildings, and equipment | $29,294,670 |
| Other assets | $43,226,088 |
| Total assets | $14,861,048,592 |
| Accounts payable and accrued expenses | $17,408,121 |
| Grants payable | $244,547,933 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $92,768,545 |
| Total liabilities | $354,724,599 |
Grants Awarded
Over the last fiscal year, William & Flora Hewlett Foundation has awarded $773,608,518 in support to 2,437 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $12,000,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: FOR SUPPORT OF A NEW UNIVERSITY CENTER ON ECONOMY AND SOCIETY | $10,000,000 |
San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $10,000,000 |
Washington, DC PURPOSE: FOR SUPPORT OF A NEW UNIVERSITY CENTER ON ECONOMY AND SOCIETY | $10,000,000 |
San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $8,000,000 |
STICHTING EUROPEAN CLIMATE FOUNDATION PURPOSE: FOR GENERAL OPERATING SUPPORT | $8,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that William & Flora Hewlett Foundation has recieved totaling $128,038.
| Awarding Organization | Amount |
|---|---|
West Contra Costa Public Education Fund Richmond, CA | | $64,019 |
West Contra Costa Public Education Fund Richmond, CA | | $64,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William & Flora Hewlett Foundation Menlo Park, CA | $14,861,048,592 | $1,115,887,438 |
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |