Cause IQ organization profile

David and Lucile Packard Foundation

Form 990s | Financials | Vendors | Personnel | Peers

David and Lucile Packard Foundation is a private foundation based in Los Altos, CA that was founded in 1964. As of 2017 they had $355 million in revenue and $7.4 billion in assets.

The David and Lucile Packard Foundation is a family foundation. We are guided by the enduring business philosophy and personal values of Lucile and David, who helped found one of the world's leading technology companies.

EIN:

94-2278431

City:

Los Altos

State:

California

Metro:

San Jose-Sunnyvale-Santa Clara, CA

Website:

packard.org

Phone:

650-948-7658

Facebook:

facebook.com/PackardFoundation

Founded:

1964

Type:

501(c)(3)

NTEE:

T20: Private foundations

Revenue:

$355,494,669

Assets:

$7,423,383,781

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for David and Lucile Packard Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 27, 2020	990PF	View PDF
2017-12	Feb 20, 2020	990PF	View PDF
2016-12	Jan 18, 2018	990PF	View PDF
2015-12	Mar 2, 2017	990PF	View PDF
2014-12	Feb 15, 2017	990PF	View PDF
...and five more Form 990 PDFs

Financials for David and Lucile Packard Foundation

Field	2016	2015	% Change
Total grants, contributions, etc.	$0	$0
Investment income and dividends	$48,764,160	$45,493,477	7.2%
Net rental income	$108,977	$112,820	-3.4%
Net gain from sale of non-inventory assets	$305,233,316	$218,855,022	39.5%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$1,330,855	$1,218,266	9.2%
Total revenues	$355,494,669	$265,744,920	33.8%

Field	2016	2015	% Change
Compensation of current officers, etc.	$4,439,500	$4,319,648	2.8%
Non-officer salaries and wages	$17,335,890	$16,889,096	2.6%
Pension/retirement accruals and contributions	$8,321,936	$9,466,692	-12.1%
Legal fees	$896,397	$854,701	4.9%
Accounting fees	$685,013	$652,735	4.9%
Other fee-for-service	$10,658,117	$8,523,079	25.1%
Interest	$0	$0
Depreciation, amortization, etc.	$3,772,311	$4,074,308	-7.4%
Occupancy	$1,550,828	$1,447,212	7.2%
Travel	$3,688,521	$3,283,814	12.3%
Office expenses
Grants to all govts., orgs., and individuals	$406,785,444	$308,199,806	32.0%
All other expenses	$13,541,012	$14,394,336	-5.9%
Total expenses	$471,900,035	$372,325,799	26.7%

Field	2018
Cash (non-interest-bearing)	$11,322,602
Savings, short-term investments, etc.	$16,876,938
Accounts receivable	$155,555,056
Pledges and grants receivable	$0
Loans receivable from officers, directors, etc.	$0
Notes and loans receivable	$0
Inventories for use	$0
Prepaid expenses and deferred charges	$6,374,443
Investments in government obligations	$605,420,485
Investments in corporate stock	$0
Investments in corporate bonds	$0
Investments in land, buildings, and equipment	$3,220,000
Investments in mortgage loans	$0
Other types of investments	$6,449,648,864
Buildings, equipment, etc. post-depreciation	$64,369,141
Other assets	$113,816,252
Total assets	$7,423,383,781

Field	2018
Accounts payable and accrued expenses	$23,800,736
Grants payable	$165,633,214
Deferred revenue	$0
Loans payable to officers and disqualified persons	$0
Secured mortgages and notes payable to unrelated third parties	$0
Other liabilities	$55,305,157
Total liabilities	$244,739,107

Field	2016	2015	% Change
Unrestricted net assets	$6,808,281,502	$6,817,155,351	-0.1%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for David and Lucile Packard Foundation

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-06-15
█████████ ████████	Software		2020-04-23
████████ ███ ███	Tax accounting		2017-11-10
██████ ████ █████ ████ ███ ██████ █████████ ███████	Insurance		2016-12-31
███████	Insurance		2016-12-31
█████ ██████ ██ ██████████	Insurance		2016-12-31
████████ ███████████ █████████████	Investment management;	$-6,217	2016-12-31
████ ███ ███████ ███	Audit accounting		2016-12-31
...and nine more vendors

Personnel at David and Lucile Packard Foundation

Name	Title	Compensation	Most recent data
Carol S. Larson	President and Chief Executive Officer * Office of the President	-	July 17, 2019
Craig Neyman	Vice President and Chief Financial Officer	-	June 4, 2020
█████ █ ██████ ███ ████	President and Chief Executive Officer	$759,855	Dec. 31, 2016
█████ ███████ ███ ████	Vice President and Director of Programs	$408,710	Dec. 31, 2016
████ ████ ███████ ███ ████	Secretary and General Counsel	$405,710	Dec. 31, 2016
█████ █ ██████ ███ ████	Vice President and Chief Financial Officer	$368,613	Dec. 31, 2016

Peer private foundations

	Name	Type	Revenue	Location
1	Alfred P Sloan Foundation	501(c)(3)	$102 million	New York, NY
2	Charles Koch Foundation	501(c)(3)	$153 million	Arlington, VA
3	John Templeton Foundation	501(c)(3)	$232 million	West Conshohocken, PA
4	Rippleworks	501(c)(3)	$296 million	Redwood City, CA
5	Heising Simons Foundation	501(c)(3)	$179 million	Los Altos, CA
6	The Schmidt Family Foundation (TSFF)	501(c)(3)	$613 million	Palo Alto, CA
7	Gordon E and Betty I Moore Foundation	501(c)(3)	$530 million	Palo Alto, CA
8	Tarsadia Foundation	501(c)(3)	$106 million	Newport Beach, CA
9	Rodan Family Foundation	501(c)(3)	$100 million	Orinda, CA
10	Saul Brandman Foundation	501(c)(3)	$226 million	Beverly Hills, CA
11	James Irvine Foundation	501(c)(3)	$128 million	San Francisco, CA
12	William and Flora Hewlett Foundation	501(c)(3)	$609 million	Menlo Park, CA
13	M J Murdock Charitable Trust	501(c)(3)	$115 million	Vancouver, WA
14	Charter School Growth Fund (CSGF)	501(c)(3)	$216 million	Broomfield, CO
15	Cynthia & Geo Mitchell Foundation (CGMF)	501(c)(3)	$154 million	The Woodlands, TX
16	Andrew W. Mellon Foundation	501(c)(3)	$483 million	New York, NY
17	Kresge Foundation	501(c)(3)	$275 million	Troy, MI
18	Margaret A Cargill Foundation	501(c)(3)	$96 million	Eden Prairie, MN
19	Foundation for A Just Society (FJS)	501(c)(3)	$125 million	New York, NY
20	The Leona M and Harry B Helmsley Charitable Trust	501(c)(3)	$191 million	New York, NY
21	Richard King Mellon Foundation	501(c)(3)	$181 million	Ligonier, PA
22	Michael and Susan Dell Foundation (MSDF)	501(c)(3)	$139 million	Austin, TX
23	Robert Wood Johnson Foundation (RWJF)	501(c)(3)	$548 million	Princeton, NJ
24	Matan B'seter Foundation	501(c)(3)	$289 million	New York, NY
25	THE Hollyhock Foundation	501(c)(3)	$189 million	New York, NY

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Cause IQ organization profile

David and Lucile Packard Foundation

Form 990s for David and Lucile Packard Foundation

Financials for David and Lucile Packard Foundation

Vendors for David and Lucile Packard Foundation

Personnel at David and Lucile Packard Foundation

Peer private foundations

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