David And Lucile Packard Foundation
- Assets
- $0.0
- Revenue
- $658.6m
- Investments
- $8.6b
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 05/1964
- Data as of
- 12/2020
- 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 12/2020, David And Lucile Packard Foundation generated $658.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $555.4m during the year ending 12/2020. While expenses have increased by 8.3% per year over the past 5 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 9,122 individual grants totaling $3,171,796,361. 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
2020
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 2021, 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 |
|---|---|---|---|
Kimberly Sargent Chief Investment Officer | 40 | $2,480,385 | |
Christine Ortiz Arent Managing Dir Real As | 40 | $1,053,011 | |
Silpa S Pericherla Managing Dir Global | 40 | $1,040,414 | |
Nancy Lindborg President/ceo | 40 | $867,734 | |
David R Cormier Investment Operation | 40 | $810,273 | |
Ben Chiquoine Investments Associat | 40 | $630,708 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Workforce Logiq Llc | 12/30/21 | $1,803,857 |
Mathematica Policy Research Inc | 12/30/21 | $985,086 |
Northern Trust | 12/30/21 | $892,950 |
Deloitte Consulting | 12/30/21 | $760,000 |
Cea Consulting | 12/30/21 | $591,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $109 |
| Dividends & Interest | $37,551,965 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,356,001 |
| Total Revenue | $658,614,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,725,889 |
| Pension plans, employee benefits | $7,601,501 |
| Depreciation | $2,591,344 |
| Occupancy | $1,348,944 |
| Travel, conferences, and meetings | $1,198,631 |
| Printing and publications | $176,488 |
| Total operating and administrative expenses | $78,557,078 |
| Contributions, gifts, grants paid | $476,800,475 |
| Total expenses and disbursements | $555,357,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,810,325 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,093,051,914 |
| Other assets | $85,957,563 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $55,763,559 |
Grants Awarded
Over the last fiscal year, David And Lucile Packard Foundation has awarded $606,245,801 in support to 1,586 organizations.
| Grant Recipient | Amount |
|---|---|
Moss Landing, CA PURPOSE: MBARI | $79,540,134 |
San Francisco, CA PURPOSE: CONSERVATION AND SCIENCE | $66,168,750 |
Moss Landing, CA PURPOSE: MBARI | $51,274,039 |
New York, NY PURPOSE: CONSERVATION AND SCIENCE | $13,000,000 |
New York, NY PURPOSE: CONSERVATION AND SCIENCE | $11,374,000 |
Oakland, CA PURPOSE: JUSTICE AND EQUITY | $10,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that David And Lucile Packard Foundation has recieved totaling $42,337.
| Awarding Organization | Amount |
|---|---|
Whalley Foundation Inc Houston, TX PURPOSE: FUND PROGRAMS | $25,000 |
Aim For Mental Health Carmel, CA PURPOSE: RESEARCH | $10,000 |
New Venture Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $7,177 |
Draper Foundation San Mateo, CA PURPOSE: COMMUNITY OUTREACH | $160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $7,102,375,761 | $894,057,700 |
David And Lucile Packard Foundation Los Altos, CA | $0 | $658,614,112 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $0 | $528,454,632 |
Gerson Bakar Foundation San Francisco, CA | $2,671,857,395 | $1,929,752,035 |
Carl Victor Page Memorial Foundation Palo Alto, CA | $3,530,742,616 | $1,087,074,441 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ | $496,549,315 | $85,713,153 |
The Heising-Simons Foundation Los Altos, CA | $866,467,309 | $244,878,185 |
Bin Lin And Daisy Liu Family Foundation Fremont, CA | $227,760,848 | $146,668,013 |
Sequoia Climate Fund Irvine, CA | $47,430,446 | $181,073,206 |
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |