David and Lucile Packard Foundation is a private foundation based in Los Altos, CA that was founded in 1964. As of 2019 they had $440 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.
David and Lucile Packard Foundation makes grants to other organizations, such as $30,000,000 to Lucile Packard Foundation for Children's Health for "LPFCH"; $21,250,000 to ClimateWorks Foundation for "Conservation and Science"; $20,000,000 to Caring for Colorado Centennial Fund for "Local Grantmaking"; $8,500,000 to Rockefeller Philanthropy Advisors (RPA) for "Population and Reproductive Health"; and $5,750,000 to The Energy Foundation for "Conservation and Science".
EIN:
94-2278431
City:
State:
Metro:
Website:
Phone:
650-948-7658
Facebook:
Founded:
1964
Type:
501(c)(3)
NTEE:
Revenue:
$440,724,440
Assets:
$7,423,383,781
Fiscal year end:
December
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 | 2018 |
|---|
| Total grants, contributions, etc. | $0 |
| Investment income and dividends | $59,438,503 |
| Net rental income | $109,304 |
| Net gain from sale of non-inventory assets | $375,125,802 |
| Gross sales of inventory | $0 |
| Miscellaneous revenues | $5,986,135 |
| Total revenues | $440,724,440 |
| Field | 2018 |
|---|
| Compensation of current officers, etc. | $8,273,203 |
| Non-officer salaries and wages | $15,581,656 |
| Pension/retirement accruals and contributions | $7,550,376 |
| Legal fees | $765,166 |
| Accounting fees | $572,115 |
| Other fee-for-service | $10,589,079 |
| Interest | $0 |
| Depreciation, amortization, etc. | $2,910,708 |
| Occupancy | $1,626,976 |
| Travel | $5,389,826 |
| Office expenses | |
| Grants to all govts., orgs., and individuals | $333,796,149 |
| All other expenses | $8,332,148 |
| Total expenses | $395,550,448 |
| 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 | $155,555,056 |
| 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 | $110,596,252 |
| 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 | 2018 |
|---|
| Unrestricted net assets | $7,178,644,674 |
| Temporarily restricted net assets | $0 |
| Permanently restricted net assets | $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 |
| ██████ ██████████ | Insurance | | 2019-12-31 |
| ██████ ███████ ████ | Insurance | | 2019-12-31 |
| █████ ██████ ██ ██████████ | Insurance | | 2019-12-31 |
| ██████ ████ █████ ████ ███ ██████ █████████ ███████ | Insurance | | 2019-12-31 |
| ███████ ███ | Insurance | | 2019-12-31 |
| ████ █████████ ███████ ██ █████ ███████ ███████ | Insurance | | 2019-12-31 |
| ...and nine more vendors |
Personnel at David and Lucile Packard Foundation
| Name | Title | Compensation | Most recent data |
|---|
| Carol S Larson See Stmt | President and Chief Executive Officer | $859,193 | Dec. 31, 2018 |
| Carol S. Larson | President and Chief Executive Officer * Office of the President | - | July 17, 2019 |
| █████ ██████ | Vice President and Chief Financial Officer | - | June 4, 2020 |
| █████ █ ██████████ | Managing Director GL | $812,874 | Dec. 31, 2018 |
| ████ ████ ███████ ███ ████ | Secretary and General Counsel | $443,263 | Dec. 31, 2018 |
| ██████ ████ | Director , C and S | $384,216 | Dec. 31, 2018 |
| ████████ ███████ ███ ████ | Past Chief Investment Officer | $1.7 million | Dec. 31, 2018 |
| █████ ███████ ███ ████ | Vice President and Dir of Pro | $444,912 | Dec. 31, 2018 |
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|---|
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| 24 | John S. and James L. Knight Foundation | 501(c)(3) | $166 million | Miami, FL |
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