Lucile Packard Foundation For Childrens Health
- Assets
- $331.7m
- Revenue
- $160.0m
- Investments
- $105.9m
- Employees
- 112
- Location
- Palo Alto, CA
- Founding
- 07/2001
- Data as of
- 08/2019
- EIN
- 77-0440090
Lucile Packard Foundation For Childrens Health 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 08/2019, Lucile Packard Foundation For Childrens Health employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 08/2019, Lucile Packard Foundation For Childrens Health generated $160.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $139.0m during the year ending 08/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lucile Packard Foundation For Childrens Health has awarded 90 individual grants totaling $572,252,887. 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
2019
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:
Part 3 - Line 4a
CHILD HEALTH RESEARCH GRANTS: THE FOUNDATION PROVIDES GRANTS TO THE PEDIATRIC PROGRAMS AT THE STANFORD SCHOOL OF MEDICINE AND THE LUCILE PACKARD CHILDREN'S HOSPITAL TO FUND CLINICAL PROGRAMS, RESEARCH, EDUCATION, AND TRAINING. THE GRANTS ARE FUNDED BY A GRANT RECEIVED FROM THE DAVID AND LUCILE PACKARD FOUNDATION BETWEEN 2000 AND 2004. THE FOUNDATION OVERSEES THE DISBURSEMENT OF THE PACKARD FOUNDATION GRANT FUNDS THROUGH INDEPENDENT REVIEW OF THE RESEARCH PROGRAMS. ANY FOUNDATION OVERSIGHT EXPENSES ARE PAID FOR BY THE INVESTMENT EARNINGS ON THE ORIGINAL GRANT.
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 IS CURRENTLY WORKING WITH THE HOSPITAL AND SCHOOL OF MEDICINE TO ESTABLISH STRATEGIC PRIORITIES WHICH WILL FRAME THE NEXT CAMPAIGN.
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, 2019, THE FOUNDATION INVESTED APPROXIMATELY $4.9 MILLION IN THIS AREA.
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Lucile Packard Foundation For Childrens Health Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Alexander Thru 32018 Former CEO & Officer | 0 | $2,014,748 | |
Brian Perronne Coo/interim CEO (thru 8/2018) | OfficerTrustee | 40 | $639,386 |
Cynthia Brandt President & CEO | OfficerTrustee | 40 | $498,138 |
Edward Schor Thru 72019 VP Programs & Partners | Officer | 40 | $370,363 |
Kathy Coulbourn Cfo/interim VP P&p | Officer | 36 | $281,696 |
Greg Muniz Assoc VP Principal Gifts | 40 | $276,157 |
Lucile Packard Foundation For Childrens Health Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schultz & Williams Inc Printing/consulting | 8/30/19 | $616,372 |
Cambridge Associates Llc Investment Advisor | 8/30/19 | $233,151 |
Russell Reynolds Associates Inc Professional Srvs. - Recruitment | 8/30/19 | $223,876 |
Patsons Press Inc Printing/consulting | 8/30/19 | $284,987 |
Population Reference Bureau Consulting/data Collection | 8/30/19 | $372,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,831,261 |
| Investment income | $592,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$109,992 |
| Net Income from Fundraising Events | -$634,199 |
| Net Income from Gaming Activities | $11,482 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,045,111 |
| Statement of Expenses | |
|---|---|
| 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. | $2,708,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,035,070 |
| Pension plan accruals and contributions | $890,973 |
| Other employee benefits | $1,218,030 |
| Payroll taxes | $767,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $722 |
| Fees for services: Accounting | $171,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $90,559 |
| Fees for services: Investment Management | $227,802 |
| Fees for services: Other | $1,895,074 |
| Advertising and promotion | $349,077 |
| Office expenses | $493,547 |
| Information technology | $631,527 |
| Royalties | $0 |
| Occupancy | $1,305,569 |
| Travel | $118,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,318 |
| Insurance | $103,746 |
| All other expenses | $0 |
| Total functional expenses | $139,038,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,861 |
| Savings and temporary cash investments | $48,973,859 |
| Pledges and grants receivable | $144,164,937 |
| Accounts receivable, net | $44,222 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $124,693 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $490,579 |
| Investments—publicly traded securities | $31,222,492 |
| Investments—other securities | $105,851,677 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,478 |
| Total assets | $331,716,034 |
| Accounts payable and accrued expenses | $2,988,208 |
| Grants payable | $1,447,348 |
| Deferred revenue | $11,022,510 |
| 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 | $11,648,636 |
| Total liabilities | $27,106,702 |
| Net assets without donor restrictions | $114,030,179 |
| Net assets with donor restrictions | $190,579,153 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $304,609,332 |
Lucile Packard Foundation For Childrens Health Grants Awarded
Over the last fiscal year, Lucile Packard Foundation For Childrens Health has awarded $116,820,603 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: CHILDREN'S HEALTH | $113,641,277 |
Redwood City, CA PURPOSE: CHILDREN'S HEALTH INITIATIVE | $1,085,588 |
San Francisco, CA PURPOSE: PARENT LEADERSHIP COORDINATION AND EXPANSION | $455,174 |
Portland, ME PURPOSE: NATIONAL CARE COORDINATION STANDARDS FOR CHILDREN AND YOUTH WITH SPECIAL HEALTH CARE NEEDS | $286,759 |
Palo Alto, CA PURPOSE: CREATING PARENT MENTOR/SELF-MANAGEMENT TRAINING CENTER FOR PEDIATRIC HEALTH SETTINGS | $197,026 |
Lexington, MA PURPOSE: THE FAMILY ENGAGEMENT IN SYSTEMS ASSESSMENT TOOL AND TOOLKIT: ENSURING MEANINGFUL USE | $174,334 |
Lucile Packard Foundation For Childrens Health Grants Recieved
Over the last fiscal year, we have identified 21 grants that Lucile Packard Foundation For Childrens Health has recieved totaling $2,304,211.
| Awarding Organization | Amount |
|---|---|
Hill Family Foundation Inc New York, NY PURPOSE: CHARITABLE FOR CHILDREN'S HEALTH | $400,000 |
Hill Family Foundation Inc New York, NY PURPOSE: CHARITABLE FOR CHILDREN'S HEALTH | $400,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $333,543 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: DR. MICHELLE MONJE FOR GD2 CAR T CELLS IN DIPG & SPINAL DMG RESEARCH | $285,000 |
Hrh Foundation Menlo Park, CA PURPOSE: GENERAL OPERATING PURPOSES | $150,000 |
San Jose Auxiliary For Children San Jose, CA PURPOSE: TO ASSIST FAMILIES WITH CHILDREN'S MEDICAL EXPENSES. | $142,423 |
Endowment Analysis
| Beg. Balance | $118,241,165 |
| Earnings | $489,705 |
| Admin Expense | -$2,816,053 |
| Other Expense | $2,814,728 |
| Grants | $2,094,558 |
| Ending Balance | $116,637,637 |
Lucile Packard Foundation For Childrens Health Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars-Sinai Medical Care Foundation Beverly Hills, CA | $526,267,961 | $448,424,647 |
Torrance Health Association Inc Torrance, CA | $161,368,953 | $190,486,270 |
Loma Linda University Health Care Loma Linda, CA | $101,625,561 | $217,358,438 |
Kaiser Hospital Asset Management Inc Oakland, CA | $905,522,906 | $176,033,288 |
Health Care Employees Dental Trust Dublin, CA | $27,507,478 | $150,331,684 |
Lucile Packard Foundation For Childrens Health Palo Alto, CA | $331,716,034 | $160,045,111 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $574,875,807 | $29,402,107 |
Teamsters Managed Health Care Trust Pleasanton, CA | $31,910,144 | $93,526,906 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $7,739,695 | $80,259,646 |
Saint Agnes Medical Foundation Fresno, CA | $21,169,286 | $54,271,756 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $49,622,770 | $66,828,975 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $272,017,683 | $54,213,939 |
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