The Carl Victor Page Memorial Foundation
The Carl Victor Page Memorial Foundation is a private foundation established in 2006 by Google co-founder Larry Page and his wife Lucinda Southworth. Named in memory of Larry Page's father, the foundation is based in Palo Alto, California. As one of the largest foundations in the United States, it operates as a 501(c)(3) private grantmaking foundation with substantial assets and annual giving capacity.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5B
+10.6% YoY
Annual Giving
$285.3M
-0.1% YoY
Grant Count
17
+13.3% YoY
Avg Grant Size
$16.8M
-11.9% YoY
Under IRS private-foundation payout rules, The Carl Victor Page Memorial Foundation reported a distributable amount of $326.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission focuses on supporting philanthropy, technological advancement, clean energy, health, education, human rights, and the sciences. Primary funding areas include:
- Environment and environmental restoration
- Human services
- Clean energy
- Health
- Education
- Human rights
- Scientific advancement
Grantmaking
The foundation operates on a preselected, invitation-only basis. It does not accept unsolicited requests for funds and has no public application process. The foundation does not maintain a public website and does not provide contact information for grant inquiries.
Grant Range
$500,000 to $10,000,000 (based on disclosed grants)
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation has national and international geographic focus, with documented grant activity in:
- California (including Berkeley and San Francisco)
- Massachusetts (including Boston)
- New York
- Pennsylvania (including Jenkintown)
- Washington, D.C.
- International locations (including Rio de Janeiro)
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Annual Giving
- Total assets: $4.45 billion (2024)
- Annual giving: $285-$286 million (2023-2024)
- Total revenues: $799 million (2024)
- Total expenses: $322 million (2024)
- Total liabilities: $0 (2024)
Historical Context
The foundation has grown substantially since its 2006 establishment, reaching approximately $4 billion in assets by 2023 and continuing to expand its asset base.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,451,884,704 | $4,024,325,038 | $3,826,155,231 |
| Revenue | $798,559,805 | $458,432,661 | $615,685,345 |
| Expenses | $321,993,373 | $315,831,379 | $309,013,185 |
| Qualifying Distributions | $286,081,457 | $286,190,502 | $276,530,876 |
| Net Investment Income | $812,579,574 | $581,623,367 | $623,337,301 |
| Distributable Amount | $326,481,609 | $273,574,252 | $285,931,272 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Philanthropic Trust ($235,000,000), Climate Breakthrough Inc ($10,000,000), Food for Education Foundation Inc ($8,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL PHILANTHROPIC TRUST Jenkintown, PA | General grant-making support for a donor-advised fund | $1,262,880 |
| CLEAN SLATE INITIATIVE INC Orlando, FL | General support | $1,000,000 |
| THINK OF US Washington, DC | General support | $400,000 |
| UPSTREAM USA INC Boston, MA | General support | $500,000 |
| WORLD RESOURCES INSTITUTE Washington, DC | Project support for land restoration | $4,750,000 |
| GLOBAL FISHING WATCH Washington, DC | General Support | $3,000,000 |
| CLIMATE BREAKTHROUGH INC Berkeley, CA | General operating support | $10,000,000 |
| ROCKEFELLER PHILANTHROPY ADVISORS INC New York, NY | Project support to provide funding for projects carrying out ecological priorities identified by marine scientists | $6,000,000 |
| UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION Berkeley, CA | Project support for genomics research | $750,000 |
| AFRICAN ENTREPRENEURSHIP COLLECTIVE dba INKOMOKO Clinton, WA | General operating support | $1,000,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Lawrence Page - Director, Chairman & President (volunteer, no compensation)
- Lucinda Southworth - Director & Chief Financial Officer (volunteer, no compensation)
- P Wayne Osborne - Secretary (volunteer, no compensation)
The foundation operates with limited paid staffing and relies on volunteer leadership.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAWRENCE PAGE | DIRECTOR, CHAIRMAN & PRESIDENT | 0.25 | — |
| LUCINDA SOUTHWORTH | DIRECTOR & CFO | 0.25 | — |
| P WAYNE OSBORNE | SECRETARY | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Carl Victor Page Memorial Foundation fund?
The foundation's mission focuses on supporting philanthropy, technological advancement, clean energy, health, education, human rights, and the sciences. Primary funding areas include: • Environment and environmental restoration • Human services • Clean energy • Health • Education • Human rights • Scientific advancement
How do I apply for a grant from The Carl Victor Page Memorial Foundation?
**Application Process** The foundation operates on a preselected, invitation-only basis. It does not accept unsolicited requests for funds and has no public application process. The foundation does not maintain a public website and does not provide contact information for grant inquiries. **Grant Characteristics** • Grant range: $500,000 to $10,000,000 (based on disclosed grants) • Typical awards: $1,000 to $275,000,000 • Recent grant activity indicates active distribution **Grantmaking Mechani…
Where does The Carl Victor Page Memorial Foundation make grants?
The foundation has national and international geographic focus, with documented grant activity in: • California (including Berkeley and San Francisco) • Massachusetts (including Boston) • New York • Pennsylvania (including Jenkintown) • Washington, D.C. • International locations (including Rio de Janeiro)
What size grants does The Carl Victor Page Memorial Foundation award?
In 2024, The Carl Victor Page Memorial Foundation awarded 17 grants totaling $285.3M — an average of about $16.8M per grant, based on its IRS Form 990 filings.
How much is The Carl Victor Page Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carl Victor Page Memorial Foundation reported a distributable amount of $326.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Carl Victor Page Memorial Foundation's EIN?
The Carl Victor Page Memorial Foundation's EIN (Employer Identification Number) is 20-1922957. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Carl Victor Page Memorial Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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