# David and Lucile Packard Foundation

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 "work with people and communities to create enduring solutions for just societies and a healthy, resilient natural world." As of 2016, The David and Lucile Packard Foundation was the 20th wealthiest foundation in the United States.

## Areas of funding

The majority of grants are distributed among three main goal areas: Just Societies, Natural World, and Families and Communities. The Foundation also deploys Mission Investments to expand the impact of grantmaking by making loans and equity investments that connect deeply with the Foundation’s goals.

### Just Societies

The Just Societies goal supports a strong civil society and inclusive institutions and governance to build just and equitable societies for all people. This goal area includes five initiatives: Civil Society and Leadership; Democracy, Rights, and Governance; Global Reproductive Health; U.S. Racial Justice; and U.S. Reproductive Health.

### Natural World

The Natural World goal champion bold climate solutions, an ocean that sustains us, and scientific innovation and discovery to secure the health and future of people and planet. This goal area includes three initiatives: Global Climate; Innovations in Climate Solutions; and Ocean.

### Families and Communities

The Families and Communities goal prioritizes the importance of children having a healthy start and promoting resilient and vibrant communities where children and families thrive, so they have the power to shape their lives. This goal area includes two initiatives: California Communities and Children and Families

## Institutional Commitments

The Foundation maintains a long-term commitment to providing various forms of support to the following organizations in order to honor and ensure the enduring legacy of David and Lucile Packard:

### Lucile Packard Children’s Hospital

Packard Children’s Hospital began with Lucile Packard’s vision to care for the body and soul of every child. Her approach revolutionized hospital care for mothers and children and today, Packard Children’s Hospital is a state-of-the-art, internationally recognized pediatric and obstetric hospital and a nurturing, supportive place for children and their families.

### Monterey Bay Aquarium Research Institute (MBARI)

The Monterey Bay Aquarium Research Institute (MBARI) is a world-class oceanographic research center that creates the technology required to explore, map, and understand our changing ocean. MBARI findings inform ocean conservation around the world and make the deep sea accessible to everyone.

### The Monterey Bay Aquarium

With over 200 exhibits and 80,000 plants and animals, the Aquarium Monterey Bay Aquarium is a window to the wonders of the ocean. Their work inspires people to find their voices as ocean conservation leaders and take action on some of the biggest threats to ocean health.

## Packard Fellowships for Science and Engineering

In 1988, the Packard Foundation established the Packard Fellowships for Science and Engineering to allow the nation’s most promising early-career scientists and engineers flexible funding to take risks and explore new frontiers in their fields of study.
Each year, the Foundation selects 20 Fellows from 50 invited institutions to receive individual grants of $875,000, distributed over five years. Fellows are encouraged to think big and look at complex issues with a fresh perspective. They can use their funds in whatever way would best advance their research.
The program is rooted in David Packard’s commitment to strengthening university-based science and engineering programs in recognition that the success of the Hewlett-Packard Company, which he co-founded, derived in large measure from the research and development in university laboratories. Since its inception, the Packard Foundation has awarded over $500 million to support 710 scientists and engineers.
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.

## Financials

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.