David And Lucile Packard Foundation
- Assets
- $0.0
- Revenue
- $743.0m
- Investments
- $9.6b
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 94-2278431
Organization Overview
David And Lucile Packard Foundation is located in Los Altos, CA. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. David And Lucile Packard 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, David And Lucile Packard Foundation generated $743.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $513.8m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 6 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, David And Lucile Packard Foundation has awarded 10,469 individual grants totaling $3,792,417,590. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS THE TAAFFE PROPERTY IN LOS ALTOS HILLS. THE TOWN OF LOS ALTOS HILLS HAS GRANTED A PATHWAY EASEMENT ACROSS THE PROPERTY AND A CONSERVATION EASEMENT TO PROTECT THE ORCHARD AND RIPARIAN AREAS. THE EXISTING RESIDENCE ON THE PROPERTY WAS REMODELED FOR USE BY THE FOUNDATION SPECIFICALLY AS A MEETING AND CONFERENCE FACILITY. IT IS APPROPRIATELY STAFFED AND CONFIGURED TO ACCOMODATE MEETING AND THEREFORE, SERVES AS A CONFERENCE CENTER FOR USE BY STAFF, GRANTEES, AND LOCAL COMMUNITY GROUPS.
THE PACKARD FELLOWSHIPS IN SCIENCE AND ENGINEERING ENCOURAGE THE NATION'S MOST PROMISING EARLY-CAREER UNIVERSITY PROFESSORS TO PURSUE THEIR SCIENCE AND ENGINEERING RESEARCH WITH FEW FUNDING RESTRICTIONS. EACH YEAR, UP TO 20 FELLOWS ARE SELECTED. IN 2022, APPROXIMATELY 117 FELLOWS WERE ACTIVE AND 20 FELLOWS RECEIVED AWARDS. THE FOUNDATION HOPES THAT THESE EXCEPTIONAL SCIENTISTS AND ENGINEERS WILL REMAIN WITHIN ACADEMIA TO CONDUCT BASIC RESEARCH AND TO TEACH THE NEXT GENERATION OF SCIENCE LEADERS. EACH YEAR, THE FOUNDATION CONVENES A NATIONAL MEETING FOR THESE EXCEPTIONAL SCIENTISTS TO PRESENT THE RESULTS OF THEIR RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Lindborg President/ceo | 40 | $753,375 | |
Craig T Neyman VP & Chief Financial Officer | 40 | $523,819 | |
Kimberly Sargent Chief Investment Officer | 40 | $3,021,811 | |
Mary Anne Rodgers Sec & Gen Counsel (to Nov 2022) | 40 | $989,374 | |
Emily Fan Sec & Act Gen Counsel (from Nov 2022) | 40 | $344,792 | |
David M Orr Chair | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Magnit Apc I Llc | 12/30/22 | $2,486,265 |
Deloitte Consulting | 12/30/22 | $1,462,751 |
Cea Consulting | 12/30/22 | $1,009,858 |
Northern Trust | 12/30/22 | $1,005,239 |
Institute Of International Education Inc | 12/30/22 | $911,107 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32 |
| Dividends & Interest | $77,182,252 |
| Profit on Inventory Sales | $0 |
| Other Income | $829,070 |
| Total Revenue | $743,039,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,329,105 |
| Pension plans, employee benefits | $8,347,459 |
| Depreciation | $2,472,839 |
| Occupancy | $1,422,924 |
| Travel, conferences, and meetings | $835,937 |
| Printing and publications | $241,875 |
| Total operating and administrative expenses | $84,278,173 |
| Contributions, gifts, grants paid | $429,476,706 |
| Total expenses and disbursements | $513,754,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,492,645 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,048,165,777 |
| Other assets | $80,911,723 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $66,575,502 |
Grants Awarded
Over the last fiscal year, David And Lucile Packard Foundation has awarded $620,621,229 in support to 1,347 organizations.
| Grant Recipient | Amount |
|---|---|
ABT ASSOCIATES INC PURPOSE: REPRODUCTIVE HEALTH | $110,000 |
ACTERRA ACTION FOR A HEALTHY PLANET PURPOSE: LOCAL GRANTMAKING | $80,000 |
ACTION COUNCIL OF MONTEREY COUNTY INC PURPOSE: ORGANIZATIONAL EFFECTIVENESS | $45,000 |
ACTION COUNCIL OF MONTEREY COUNTY INC PURPOSE: LOCAL GRANTMAKING | $40,000 |
ACTIONAID USA PURPOSE: CONSERVATION AND SCIENCE | $250,000 |
ADDISCODER INC PURPOSE: SPECIAL OPPORTUNITIES | $30,000 |