David And Lucile Packard Foundation
- Assets
- $8.0b
- Revenue
- $583.5m
- Investments
- $7.6b
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 05/1964
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, David And Lucile Packard Foundation generated $583.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $391.9m during the year ending 12/2019. While expenses have increased by 1.3% per year over the past 4 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 6,281 individual grants totaling $2,202,054,120. 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
2019
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, WITH APPROXIMATELY 120 ACTIVE FELLOWS AT ANY TIME. IN 2019, 22 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 |
|---|---|---|---|
Kimberly Sargent Chief Investment Officer | 40 | $2,101,436 | |
Christine Ortiz Arent Managing Dir Real As | 40 | $1,175,303 | |
Seck-Eng Tan Managing Dir Private | 40 | $1,094,372 | |
Carol S Larson President/ceo | 40 | $965,186 | |
Silpa S Pericherla Managing Dir Global | 40 | $918,568 | |
David R Cormier Investment Operation | 40 | $739,471 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 12/30/19 | $1,178,158 |
Institute Of International Education Inc | 12/30/19 | $1,051,901 |
Pacific Investment Management Company Llc | 12/30/19 | $475,225 |
Cea Consulting | 12/30/19 | $550,590 |
Mathematica Policy Research Inc | 12/30/19 | $536,844 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,750,000 |
| Interest on Savings | $76 |
| Dividends & Interest | $51,415,761 |
| Net Rental Income | $258,519 |
| Net Gain on Sale of Assets | $521,438,297 |
| Capital Gain Net Income | $289,236,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,548,891 |
| Total Revenue | $583,512,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,414,059 |
| Other employee salaries and wages | $20,235,161 |
| Pension plans, employee benefits | $7,608,334 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,807,004 |
| Occupancy | $1,811,617 |
| Travel, conferences, and meetings | $4,181,346 |
| Printing and publications | $155,671 |
| Other expenses | $5,099,176 |
| Total operating and administrative expenses | $58,509,164 |
| Contributions, gifts, grants paid | $333,344,671 |
| Total expenses and disbursements | $391,853,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,200,771 |
| Savings and temporary cash investments | $63,233,649 |
| Net Accounts receivable | $118,001,595 |
| 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 | $9,817,450 |
| Net Investments - land, buildings, equipment | $14,578,486 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,951,406,210 |
| Net Land, buildings, and equipment | $62,406,825 |
| Other assets | $96,190,628 |
| Total assets | $7,969,450,311 |
| Accounts payable and accrued expenses | $23,025,288 |
| Grants payable | $128,998,498 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $44,058,798 |
| Total liabilities | $196,082,584 |
Grants Awarded
Over the last fiscal year, David And Lucile Packard Foundation has awarded $470,881,696 in support to 1,189 organizations.
| Grant Recipient | Amount |
|---|---|
Moss Landing, CA PURPOSE: MBARI | $47,406,827 |
Moss Landing, CA PURPOSE: MBARI | $45,365,385 |
San Francisco, CA PURPOSE: CONSERVATION AND SCIENCE | $32,895,050 |
Palo Alto, CA PURPOSE: LPFCH | $20,000,000 |
New York, NY PURPOSE: CONSERVATION AND SCIENCE | $18,890,000 |
San Francisco, CA PURPOSE: CONSERVATION AND SCIENCE | $9,780,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that David And Lucile Packard Foundation has recieved totaling $5,250.
| Awarding Organization | Amount |
|---|---|
Whalley Foundation Inc Houston, TX PURPOSE: FUND PROGRAMS | $5,000 |
The Frederick & Patricia Supper Foundation Inc Sheridan, WY PURPOSE: OPERATING GRANT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David And Lucile Packard Foundation Los Altos, CA | $7,969,450,311 | $583,512,886 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $7,171,712,288 | $420,429,327 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $5,513,014,582 | $130,867,530 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $216,107,505 | $79,449,712 |
The Heising-Simons Foundation Los Altos, CA | $592,364,420 | $130,276,952 |
The Energy Foundation San Francisco, CA | $101,883,000 | $125,609,558 |
Gerson Bakar Foundation San Francisco, CA | $820,628,561 | $470,431,818 |
Helen And Sanford Diller Family Foundation San Mateo, CA | $0 | $103,100,333 |
Koum Family Foundation Menlo Park, CA | $1,835,620,491 | $59,731,479 |
Knight Foundation Beaverton, OR | $2,272,552,214 | $887,142,889 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $585,768,391 | $128,642,441 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,342,598,467 | $238,519,173 |