The Carl Victor Page Memorial Foundation
The Carl Victor Page Memorial Foundation is based in Palo Alto, California. Its 2024 filing lists $285.3 million in grants across 17 grants, including support for climate, land restoration, ocean and coral reef projects, and a donor-advised fund.
Key facts about The Carl Victor Page Memorial Foundation
In short: The Carl Victor Page Memorial Foundation gave $285.3M across 17 grants in 2024 (avg $16.8M), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- EIN
- 20-1922957
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $285,312,880
- Grants made (2024)
- 17
- Average grant
- $16,783,111
- Median grant
- $2,000,000
- Total assets
- $4,451,884,704
- Primary geography
- Pennsylvania (83% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation’s grantmaking is preselected and invitation-only; it does not accept unsolicited requests. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
How The Carl Victor Page Memorial Foundation gives
- 44% of 2024 grantees were also funded in 2023. Method
- Giving grew 46% from 2021 to 2024. Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and projects. For example, Climate Breakthrough describes its mission as launching climate mitigation efforts by supporting leaders with transformative strategies. Global Fishing Watch says it advances ocean governance through transparency about human activity at sea, while the Great Barrier Reef Foundation USA says it raises funds for science-based projects to protect and restore reefs.
Grantmaking
In filing year 2024, the foundation reported 17 grants totaling $285,312,880. Grant amounts ranged from $400,000 to $235 million, with a median grant of $2 million. The largest grant was $235 million to National Philanthropic Trust for general grant-making support for a donor-advised fund. Other notable grants included $10 million to Climate Breakthrough for general operating support; $8 million to Food for Education Foundation for general operating support; and $6 million each to Rockefeller Philanthropy Advisors for ecological-priority projects and Windward Fund for work in the energy, agriculture, and waste sectors.
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Geographic Focus
Where this funder awards grants
In 2024, grant dollars by recipient state were distributed as follows: Pennsylvania 83%, Washington, D.C. 6%, California 4%, Wisconsin 3%, and New York 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 17 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $31.0M (2020) to $285.6M (2023). In 2024 it made 17 grants totaling $285.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was National Philanthropic Trust ($236.3M across 2 grants). Together the top 10 received $280.2M.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was in the $1–5M range: 18 grants of 40 (45%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust Jenkintown, PA | General grant-making support for a donor-advised fund | $235,000,000 |
| Climate Breakthrough Inc Berkeley, CA | General operating support | $10,000,000 |
| Food for Education Foundation Inc Milwaukee, WI | General operating support | $8,000,000 |
| 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 |
| Windward Fund Washington, DC | Project support for an interdisciplinary network to create and advance developments in the energy, agriculture, and waste sectors | $6,000,000 |
| World Resources Institute Washington, DC | Project support for land restoration | $4,750,000 |
| Global Fishing Watch Washington, DC | General Support | $3,000,000 |
| Stichting European Climate Foundation | Project support to help expand availability of wind and solar power | $2,150,000 |
| Every Cure Inc Kansas City, MO | General operating support | $2,000,000 |
| Great Barrier Reef Foundation USA Inc Washington, DC | Project support for research and the implementation of technological advancements for coral reefs in Australia | $2,000,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $4,451,884,704 | $798,559,805 | $321,993,373 | $285,312,880 |
| 2023 | $4,024,325,038 | $458,432,661 | $315,831,379 | $285,596,584 |
| 2022 | $3,826,155,231 | $615,685,345 | $309,013,185 | $276,017,372 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Lawrence Page as director, chairman, and president; Lucinda Southworth as director and CFO; and P Wayne Osborne as secretary.
The Carl Victor Page Memorial Foundation is led by Lawrence Page, Director, Chairman & President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lawrence Page
Director, Chairman & President
On filings since 2020
0.3 hrs/week
No compensation reported
Lucinda Southworth
Director & CFO
On filings since 2020
0.3 hrs/week
No compensation reported
P. Wayne Osborne
Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 3000 El Camino Real Suite 2-1000, Palo Alto, CA 94306
Phone: (650) 313-2002
Frequently asked questions about The Carl Victor Page Memorial Foundation
How much does The Carl Victor Page Memorial Foundation give each year?
The Carl Victor Page Memorial Foundation gave $285.3M across 17 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $285.6M across 15 grants.
What is The Carl Victor Page Memorial Foundation's typical grant size?
The Carl Victor Page Memorial Foundation's median grant in 2024 was $2,000,000, and its average grant was $16,783,111, across 17 grants on its 2024 IRS Form 990-PF.
Where does The Carl Victor Page Memorial Foundation give grants?
The Carl Victor Page Memorial Foundation gives mostly in Pennsylvania: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (6%). The most frequent recipient cities were Washington, DC (6 grants), Jenkintown, PA (2 grants) and Berkeley, CA (2 grants).
Does The Carl Victor Page Memorial Foundation give general operating support?
Yes: 59% of The Carl Victor Page Memorial Foundation's 2024 grants with a stated purpose (10 of 17) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Carl Victor Page Memorial Foundation's largest grantees?
The Carl Victor Page Memorial Foundation's largest 2024 grantees include National Philanthropic Trust ($236,262,880 across 2 grants), Climate Breakthrough Inc ($10,000,000) and Food for Education Foundation Inc ($8,000,000), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.
How large is The Carl Victor Page Memorial Foundation?
The Carl Victor Page Memorial Foundation reported $4.5B in total assets on its 2024 IRS Form 990-PF. It paid out $286.1M in qualifying distributions that year, against a required minimum of $326.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Carl Victor Page Memorial Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and projects. For example, Climate Breakthrough describes its mission as launching climate mitigation efforts by supporting leaders with transformative strategies. See mission & focus areas ↑
How do I apply for a grant from The Carl Victor Page Memorial Foundation?
The foundation’s grantmaking is preselected and invitation-only; it does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Carl Victor Page Memorial Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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