The David and Lucile Packard Foundation
The David and Lucile Packard Foundation is a private grantmaking foundation based in Los Altos, California. Established in 1964, the Foundation is guided by the enduring business philosophy and personal values of its founders, Lucile and David Packard, who helped establish one of the world's leading technology companies. The Foundation operates as a 501(c)(3) organization and maintains an affiliate relationship with the Monterey Bay Aquarium Research Institute (MBARI), of which the Foundation is the sole member and primary financial supporter.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.5B
+2.7% YoY
Annual Giving
$350.0M
-4.6% YoY
Grant Count
1,029
-6.2% YoY
Avg Grant Size
$340K
+1.7% YoY
Under IRS private-foundation payout rules, The David and Lucile Packard Foundation reported a distributable amount of $416.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation works on five primary issue areas that reflect the founders' values and priorities:
- Improving the lives of children
- Enabling the creative pursuit of science
- Advancing reproductive health
- Conserving and restoring the earth's natural systems
- Supporting and strengthening an array of local nonprofit organizations
The Foundation's overarching approach emphasizes that enduring solutions to today's biggest challenges require systems that are fair and inclusive.
Grantmaking
The Foundation maintains an active grantmaking program with significant annual giving. Recent grant activity shows a range of award sizes, from smaller grants to major commitments exceeding $50 million.
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Geographic Focus
Where this funder awards grants
The Foundation's grantmaking has a primary focus on California, with additional activity in the District of Columbia and New York. The Foundation also maintains particular commitment to the Monterey Bay region through its support of local nonprofit organizations and initiatives.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of fiscal year 2024:
- Total Assets: $8.55 billion
- Total Revenue: $570 million
- Total Expenses: $452 million
- Total Liabilities: $322 million
- Annual Giving (FY 2023): $367 million
The Foundation files Form 990-PF annually with the Internal Revenue Service, providing detailed financial data, complete grant lists, and information about Foundation activities. Audited consolidated financial statements are published yearly and include the financial activities of both the Foundation and its affiliate, MBARI.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,547,237,871 | $8,324,855,767 | $8,263,286,693 |
| Revenue | $569,876,756 | $407,602,346 | $496,627,949 |
| Expenses | $452,085,577 | $458,216,523 | $540,606,159 |
| Qualifying Distributions | $442,570,897 | $451,870,980 | $543,116,733 |
| Net Investment Income | $536,851,764 | $349,338,797 | $221,984,000 |
| Distributable Amount | $416,814,599 | $429,374,116 | $417,410,311 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from The David and Lucile Packard Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Online Giving Foundation Inc ($2,980,987), AmplifyChange ($1,100,000), Amalgamated Charitable Foundation Inc ($800,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Abortion Action Missouri Foundation St Louis, MO | Just Societies | $150,000 |
| Access Now New York, NY | Just Societies | $75,000 |
| Action Council of Monterey County Inc Salinas, CA | Families and Communities | $40,000 |
| Action Council of Monterey County Inc Salinas, CA | Families and Communities | $250,000 |
| Action Council of Monterey County Inc Salinas, CA | Just Societies | $62,500 |
| ActionAid USA Washington, DC | Environment and Science | $150,000 |
| African Development Solutions (ADESO) | Just Societies | $100,000 |
| African Population & Health Research Center Inc | Just Societies | $200,000 |
| AIDS Services Coalition Inc Hattiesburg, MS | Just Societies | $50,000 |
| Aksi Keadilan Indonesia | Just Societies | $125,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key leadership includes:
- Nancy Lindborg – President & CEO
- Craig T Neyman – Chief Financial Officer & Chief Operating Officer
- Kimberly Sargent – Chief Investment Officer
- Emily Fan – Secretary & General Counsel
- Jason K Burnett – Chair
- Julie E Packard – Vice Chair
The Foundation's Board of Trustees includes Marielena Hincapie, David M Orr, Mimi Alemayehou, Michael C Camunez, and Sierra Clark.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The Foundation announced the 2025 class of Packard Fellows for Science and Engineering, continuing its flagship fellowship program supporting early-career researchers.
Award Timeline \u2022 The David and Lucile Packard FoundationRecent grantee stories highlight the Foundation's impact across its focus areas, including partnerships connecting health care and child care services for families in Oakland, innovations in birth control accessibility through a new pharmaceutical model, and advances in environmental DNA technology for marine conservation.
The Foundation has committed significant resources to major initiatives, including support for housing development in the Monterey Bay region to address critical housing needs.
Making Way for Much-Needed Housing in the Monterey Bay Region \u2022 The\Contact Information
Address: 343 Second Street, Los Altos, CA 94022, USA
Phone: +1 (650) 948-7658
Email: communications@packard.org
Website: www.packard.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The David and Lucile Packard Foundation fund?
The Foundation works on five primary issue areas that reflect the founders' values and priorities: • **Improving the lives of children** • **Enabling the creative pursuit of science** • **Advancing reproductive health** • **Conserving and restoring the earth's natural systems** • **Supporting and strengthening an array of local nonprofit organizations** The Foundation's overarching approach emphasizes that enduring solutions to today's biggest challenges require systems that are fair and inclus…
How do I apply for a grant from The David and Lucile Packard Foundation?
The Foundation maintains an active grantmaking program with significant annual giving. Recent grant activity shows a range of award sizes, from smaller grants to major commitments exceeding $50 million. The Foundation operates the **Packard Fellowships for Science and Engineering**, a competitive fellowship program that supports early-career scientists and engineers. The Foundation publishes an annual class of Packard Fellows, with the 2025 class recently announced. The Foundation maintains a s…
Where does The David and Lucile Packard Foundation make grants?
The Foundation's grantmaking has a primary focus on California, with additional activity in the District of Columbia and New York. The Foundation also maintains particular commitment to the Monterey Bay region through its support of local nonprofit organizations and initiatives.
What size grants does The David and Lucile Packard Foundation award?
In 2024, The David and Lucile Packard Foundation awarded 1,029 grants totaling $350.0M — an average of about $340K per grant, based on its IRS Form 990 filings.
How much is The David and Lucile Packard Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The David and Lucile Packard Foundation reported a distributable amount of $416.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The David and Lucile Packard Foundation's EIN?
The David and Lucile Packard Foundation's EIN (Employer Identification Number) is 94-2278431. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The David and Lucile Packard 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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