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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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