LOS ALTOS, CA

David And Lucile Packard Foundation

Quick Facts

EIN: 942278431
Location: LOS ALTOS, CA
Category: Philanthropy & Grantmaking
Total Assets: $8.5B
Annual Income: $55.9M
IRS Ruling Year: 1964
Organization Type: Corporation
Tax Deductibility: Contributions are deductible

About This Foundation

David And Lucile Packard Foundation is a private corporation based in LOS ALTOS, CA. The foundation received its IRS ruling in 1964. It holds total assets of $8.5B. Annual income is reported at $55.9M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$458.2M

2023-15%

Total Assets

$8.3B

2023+1%

Fair Market Value

$8.3B

2023

Net Worth

$8B

2023

Grants Paid

$371.6M

2023

Contributions

2023

Net Investment Income

$349.3M

2023

Distribution Amount

$429.4M

2023

Total Giving by Year

$284.9M

$308.2M

$353.9M

$355.5M

$372.3M

$391.9M

$555.4M

$513.8M

$540.6M

$458.2M

Asset Growth

$5.8B

$6.3B

$6.9B

$7.1B

$7B

$8B

$9B

$10B

$8.3B

Investment Portfolio (2023)

Total: $334.4M

Government Obligations: $334.4M

Other Investments: $7.7B

Cash: $7K

Government Obligations (4%)

Other Investments (96%)

Cash (0%)

Expense Breakdown (2023)

Grants Paid$371.6M

Pension & Benefits$10M

Officer Compensation$5.4M

Travel & Conferences$5.2M

Depreciation$2.5M

Occupancy$1.8M

Legal Fees$946K

Accounting Fees$667K

Printing & Publications$279K

Interest$147K

Revenue Sources (2023)

Capital Gains (Net): $358.8M
Dividends: $46.6M
Gross Rents: $976K
Other Income: $828K
Interest: $343K

Financial Details (2023)

Total Revenue: $407.6M
Total Expenses: $458.2M
Exempt Purpose Expenses: $421.7M
Required Distribution: $429.4M
Undistributed Income: $0
Grants Approved (Future): $141.9M
Total Liabilities: $304.5M
Excise Tax: $4.9M

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

990-PF Filings

Tax Period	Return Type	View
2023-12	990PF	View Filing
2022-12	990PF	View Filing
2021-12	990PF	View Filing
2020-12	990PF	View Filing
2018-12	990PF	View Filing
2016-12	990PF	View Filing
2015-12	990PF	View Filing