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Founded | 1964 |
---|---|
Founder | David Packard and Lucile Salter Packard |
Location | |
Key people | Carol S. Larson, President and CEO David Orr, Chairman |
Revenue (2017) | $536,372,952 [1] |
Expenses (2017) | $380,569,988 [1] |
Endowment | $7.1 billion [2] Endowment value as of December 31, 2014. |
Website | www.packard.org |
The David and Lucile Packard Foundation is a private foundation that provides grants to not-for-profit organizations. It was created in 1964 by David Packard (co-founder of HP) and his wife Lucile Salter Packard. Following David Packard's death in 1996, the Foundation became the beneficiary of part of his estate.
The foundation's goals, through the use of grants, are to "improve the lives of children, enable creative pursuit of science, advance reproductive health, and conserve and restore earth's natural systems. [3] " As of 2016, The David and Lucile Packard Foundation was the 20th wealthiest foundation in the United States. [2]
As of December 2015, the Foundation's investment portfolio totaled $6.7 billion. General program grant awards for 2015 totaled $307 million.
According to the OECD, the David and Lucile Packard Foundation provided USD 122.9 million for development in 2018, all of which was related to its grant-making activities. [4]
The majority of grants are distributed among four main program areas: Conservation and Science; Population and Reproductive Health; Children, Families, and Communities; and Local Grantmaking. [3] The Foundation also deploys Mission Investments to expand the impact of grantmaking by making loans and equity investments to further programmatic goals.
The Conservation and Science program invests in actions and ideas that conserve and restore ecosystems while enhancing human well-being.
It promotes effective management of fisheries and an end to both overfishing and destructive fishing methods. It promotes sustainability in coastal systems in three specific locations: California's coast, the Gulf of California, and the Western Pacific. It funds marine research and management for coastal-marine systems. It supports energy policy reforms and research in the United States, China, and the Amazon. The program also provides academic grants for university researchers.
The foundation also funds the Monterey Bay Aquarium Research Institute, an oceanography research center, and the Center for Ocean Solutions, which brings together marine science and policy to develop solutions to the challenges facing the ocean.
The Foundation supports programs that promote the rights of individuals to make educated decisions about family planning. The program is focused specifically (but not exclusively) on Ethiopia, Rwanda, Democratic Republic of the Congo, India, and the southern United States.
The Children, Families, and Communities program area is focused on providing early education through the Preschool for California's Children program. The program area also supports Health Insurance for all children and after-school programs for elementary and middle school students in California.
The Local Grantmaking Program makes investments in the five contiguous counties of San Mateo, Santa Clara, Santa Cruz, San Benito and Monterey—as well as Pueblo, Colorado, the birthplace of David Packard.
Established in 1988, the annual Packard Fellowship for Science and Engineering is the largest award given to young faculty in STEM fields, and is widely regarded as one of the most prestigious awards given to junior faculty members. [5] Fellows receive an award of $875,000, distributed over five years, which has "no strings attached" and are designed to provide maximum flexibility in pursuing new scientific questions and frontiers in their fields of study. Each year, the Foundation invites the presidents of 50 universities to nominate two early-career professors each from their institutions. An advisory panel of distinguished scientists and engineers carefully reviews the nominations and selects roughly 18 Fellows to receive individual grants of $875,000, distributed over five years.
Packard Fellows' work has contributed to breakthroughs like the creation of the CRISPR-Cas9 gene-editing technique, the discovery of soft tissues in dinosaur fossils, and the first-ever observation of a neutron star collision. Fellows have gone on to receive a range of accolades, including Nobel Prizes in Chemistry and Physics, the Fields Medal, the Alan T. Waterman Award, elections to the National Academies, and MacArthur, Sloan, Searle, and Guggenheim fellowships.
The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a US$25,000 gift from Edsel Ford. By 1947, after the death of the two founders, the foundation owned 90% of the non-voting shares of the Ford Motor Company. Between 1955 and 1974, the foundation sold its Ford Motor Company holdings and now plays no role in the automobile company.
David Packard was an American electrical engineer and co-founder, with Bill Hewlett, of Hewlett-Packard (1939), serving as president (1947–64), CEO (1964–68), and chairman of the board of HP. He served as U.S. Deputy Secretary of Defense from 1969 to 1971 during the Nixon administration. Packard served as president of the Uniformed Services University of the Health Sciences (USU) from 1976 to 1981 and chairman of its board of regents from 1973 to 1982. He was a member of the Trilateral Commission. Packard was the recipient of the Presidential Medal of Freedom in 1988 and is noted for many technological innovations and philanthropic endeavors.
The John D. and Catherine T. MacArthur Foundation is a private foundation that makes grants and impact investments to support non-profit organizations in approximately 117 countries around the world. It has an endowment of $7.6 billion and provides approximately $260 million annually in grants and impact investments. It is based in Chicago, and in 2014 it was the 12th-largest private foundation in the United States. It has awarded more than US$7.92 billion since its first grants in 1978.
The William and Flora Hewlett Foundation, commonly known as the Hewlett Foundation, is a private foundation, established by Hewlett-Packard cofounder William Redington Hewlett and his wife Flora Lamson Hewlett in 1966. The Hewlett Foundation awards grants to a variety of liberal and progressive causes.
The Monterey Bay Aquarium Research Institute (MBARI) is a private, non-profit oceanographic research center in Moss Landing, California. MBARI was founded in 1987 by David Packard, and is primarily funded by the David and Lucile Packard Foundation. Christopher Scholin serves as the institute's president and chief executive officer, managing a work force of approximately 220 scientists, engineers, and operations and administrative staff.
The Packard Humanities Institute (PHI) is a non-profit foundation, established in 1987, and located in Los Altos, California, which funds projects in a wide range of conservation concerns in the fields of archaeology, music, film preservation, and historic conservation, plus Greek epigraphy, with an aim to create tools for basic research in the Humanities.
David Woodley Packard is an American former professor and philanthropist; he is the son of Hewlett-Packard co-founder David Packard. A former HP board member (1987–1999), David is best known for his opposition to the HP-Compaq merger and his support for classical studies, especially the digitization of classics research. He has made significant contribution to the study of the language and the sign repertory of the Minoan Linear A script. Packard currently serves as president of the Packard Humanities Institute.
The California Community Foundation(CCF) is a philanthropic organization located in Los Angeles, California. Foundation Center, an independent nonprofit organization, ranks it among the top 100 foundations in the nation by asset size and total giving. Among all community foundations, CCF is 5th by total giving and 7th by asset size, as of the fiscal year that ended 6/30/12.
The Lucile Packard Foundation for Children's Health is an independent public charity, devoted exclusively to elevating the priority of children's health and increasing the quality and accessibility of children's health care through leadership and direct investment. The foundation, established in 1996, evolved from Packard Children's Hospital at Stanford University. The foundation is named for noted philanthropist Lucile Salter Packard, who had a lifelong devotion to the health and well-being of children.
Lucile Packard Children's Hospital at Stanford (LPCH) is a nationally ranked women's and children's hospital which is part of the Stanford University Health system. The hospital is located adjacent to the campus at 725 Welch Road, Palo Alto, California. It was founded in 1991 and is staffed by over 650 physicians with 4,750 staff and volunteers. The hospital specializes in the care of infants, children, teens, young adults aged 0–21, but sometimes treats older adults and expectant mothers. Lucile Packard Children's Hospital is an ACS verified Level 1 regional pediatric trauma center, 1 of 7 in the state.
The Partnership for Interdisciplinary Studies of Coastal Oceans (PISCO) is a long-term ecosystem research and monitoring program, studying marine communities along the west coast of North America.
Kai Lee is the program officer of science for the Conservation and Science Program of the Packard Foundation. Lee's work focuses on science-based environmental issues. Lee is well regarded for his advocacy of Adaptive Management.
Christopher J. Chang is a professor of chemistry and of molecular and cell biology at the University of California, Berkeley, where he holds the Class of 1942 Chair. Chang is also a member of the Helen Wills Neuroscience Institute, a Howard Hughes Medical Institute investigator, adjunct professor of pharmaceutical chemistry at the University of California, San Francisco, and faculty scientist at the chemical sciences division of Lawrence Berkeley Lab. He is the recipient of several awards for his research in bioinorganic chemistry, molecular and chemical biology.
Leslie Frederick Greengard is an American mathematician, physicist and computer scientist. He is co-inventor with Vladimir Rokhlin Jr. of the fast multipole method (FMM) in 1987, recognized as one of the top-ten algorithms of the 20th century.
The David and Lucile Packard Foundation Headquarters is the corporate headquarters of the David and Lucile Packard Foundation, located in Los Altos, California. The Packard Foundation was created in 1964 by David Packard and his wife Lucile Salter Packard, one of the top 100 grant-making foundations in the United States, with the goals of improving the lives of children, enabling the creative pursuit of science, advancing reproductive health, and conserving and restoring the Earth’s natural systems. The David and Lucile Packard Foundation Headquarters is designed by EHDD to be the largest net zero energy building in California, and it has successfully reduced the energy use by 65% over conventional buildings.
Jillian Lee Dempsey is an American inorganic chemist and the Bowman and Gordon Gray Distinguished Term Professor at the University of North Carolina at Chapel Hill. Currently, her work focuses on proton-coupled electron transfer, charge transfer events, and quantum dots. She is the recipient of numerous awards for rising stars of chemistry, including most recently a 2016 Alfred P. Sloan Research Fellowship and a 2016 Air Force's Young Investigator Research Program (YIP).
Vassiliki Kalogera is a Greek astrophysicist. She is a professor at Northwestern University and the director of the Center for Interdisciplinary Exploration and Research in Astrophysics (CIERA). She is a leading member of the LIGO Collaboration that observed gravitational waves in 2015.
Susan Packard Orr is an American philanthropist and the former chair of the Board of Directors of the David and Lucile Packard Foundation. In addition to the Packard Foundation, she is a current or previous board member of several prominent nonprofit organizations including Stanford University and the Lucile Packard Children's Hospital at Stanford. She also served on the Hewlett-Packard board for 7 years (1993–2001), leaving shortly before the Compaq merger. Orr currently is founder and CEO of Telosa Software. She holds Economics and MBA degrees from Stanford, and a master's degree in computer science from New Mexico Tech.
Julie E. Packard is an American ocean conservationist and philanthropist. She helped create the Monterey Bay Aquarium in the early 1980s and is its executive director, a position she has held since its opening in 1984. She speaks at conferences and symposia related to ocean conservation and writes online about current issues. She is a fellow of the American Academy of Arts and Sciences and is a recipient of the Audubon Medal.
Nicolas Dauphas is a planetary scientist and isotope geochemist. He is a professor of geochemistry and cosmochemistry in the Department of the Geophysical Sciences and Enrico Fermi Institute at the University of Chicago. Within cosmochemistry, his research focus is on isotope geochemistry. He studies the origin and evolution of planets and other objects in the solar system by analyzing the natural distributions of elements and their isotopes using mass spectrometers.