Nonprofit · EIN 94-2278431
DAVID AND LUCILE PACKARD FOUNDATION
Tax-exempt · LOS ALTOS, CA 94022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $569,876,756 | $452,085,577 | $117,791,179 | $8,547,237,871 | $322,053,604 | $8,225,184,267 |
| December 31, 2023 | 990-PF | $407,602,346 | $458,216,523 | -$50,614,177 | $8,324,855,767 | $304,542,146 | $8,020,313,621 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $53,035,210
- Interest
- $780,160
- Net rental income
- $647,408
- Net gain from sales of assets
- $513,947,661
- Other income
- $1,058,306
Expenses
- Grants and similar amounts paid
- $366,176,787
- Compensation of officers, directors and key employees
- $5,631,534
- Salaries, compensation and benefits (total)
- $28,700,751
- Disbursements for charitable purposes
- $404,615,235
- Excise tax on investment income
- $7,462,240
Balance sheet and other
- Total assets, start of year
- $8,324,855,767
- Total assets, end of year
- $8,547,237,871
- Total liabilities, end of year
- $322,053,604
- Net assets, end of year
- $8,225,184,267
- Fair market value of assets
- $8,547,237,871
- Qualifying distributions
- $442,570,897
- Net investment income
- $645,064,079
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY SARGENT 343 SECOND STREET, LOS ALTOS, CA 94022 | CHIEF INVESTMENT OFFICER | 40 | $3,213,324 | $222,816 |
| SILPA S PERICHERLA 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,384,774 | $149,031 |
| CHRISTINE ORTIZ ARENT 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,244,206 | $123,670 |
| STEPHEN BLUESTEIN 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,136,606 | $124,749 |
| BEN CHIQUOINE 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,031,532 | $117,336 |
| DAVID R CORMIER 343 SECOND STREET, LOS ALTOS, CA 94022 | INVEST OPS DIRECTOR Highest-paid employee | 40 | $933,682 | $129,874 |
| NANCY LINDBORG 343 SECOND STREET, LOS ALTOS, CA 94022 | PRESIDENT & CEO | 40 | $922,198 | $169,460 |
| CRAIG T NEYMAN 343 SECOND STREET, LOS ALTOS, CA 94022 | CFO & COO | 40 | $559,861 | $121,853 |
| EMILY FAN 343 SECOND STREET, LOS ALTOS, CA 94022 | SECRETARY & GENERAL COUNSEL | 40 | $498,844 | $114,714 |
| LISA CLARK 343 Second Street, Los Altos, CA 94022 | CHIEF PEOPLE OFFICER | 40 | $437,307 | $107,279 |
| MARIELENA HINCAPIE 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| JULIE E PACKARD 343 SECOND STREET, LOS ALTOS, CA 94022 | VICE CHAIR | 3 | $0 | $0 |
| DAVID M ORR 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| MIMI ALEMAYEHOU 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE (AS OF JUNE 2024) | 2 | $0 | $0 |
| JASON K BURNETT 343 SECOND STREET, LOS ALTOS, CA 94022 | CHAIR | 4 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL C CAMUNEZ 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 |
| SIERRA CLARK 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 |
| MICHAEL KLAG 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 |
| STEPHEN LOCKHART 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 |
| LINDA MASON 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE (THROUGH JUNE 2024) | 2 | $0 |
| KATHERINE ORR 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 |
| ANNE GATES 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 |
| KO BARRETT 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE (THROUGH JULY 2024) | 2 | $0 |
| LOUISE STEPHENS 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY SARGENT 343 SECOND STREET, LOS ALTOS, CA 94022 | CHIEF INVESTMENT OFFICER | 40 | $3,182,491 | $209,136 |
| SILPA S PERICHERLA 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,350,137 | $138,794 |
| CHRISTINE ORTIZ ARENT 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,229,839 | $116,175 |
| STEPHEN BLUESTEIN 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,206,773 | $124,405 |
| BEN CHIQUOINE 343 SECOND STREET, LOS ALTOS, CA 94022 | MANAGING DIRECTOR Highest-paid employee | 40 | $975,671 | $105,206 |
| DAVID R CORMIER 343 SECOND STREET, LOS ALTOS, CA 94022 | INVEST OPS DIRECTOR Highest-paid employee | 40 | $888,753 | $116,105 |
| NANCY LINDBORG 343 SECOND STREET, LOS ALTOS, CA 94022 | PRESIDENT & CEO | 40 | $849,535 | $156,786 |
| CRAIG T NEYMAN 343 SECOND STREET, LOS ALTOS, CA 94022 | CFO & COO | 40 | $530,927 | $96,153 |
| EMILY FAN 343 SECOND STREET, LOS ALTOS, CA 94022 | SECRETARY & GENERAL COUNSEL | 40 | $449,465 | $107,842 |
| LISA CLARK 343 Second Street, Los Altos, CA 94022 | CHIEF PEOPLE OFFICER | 40 | $392,667 | $107,879 |
| MARIELENA HINCAPIE 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| JULIE E PACKARD 343 SECOND STREET, LOS ALTOS, CA 94022 | VICE CHAIR | 3 | $0 | $0 |
| DAVID M ORR 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| EDWARD W BARNHOLT 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| JASON K BURNETT 343 SECOND STREET, LOS ALTOS, CA 94022 | CHAIR | 4 | $0 | $0 |
| MICHAEL C CAMUNEZ 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| SIERRA CLARK 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| MICHAEL KLAG 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| STEPHEN LOCKHART 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| LINDA MASON 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| KATHERINE ORR 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| ANNE GATES 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| KO BARRETT 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
| LOUISE STEPHENS 343 SECOND STREET, LOS ALTOS, CA 94022 | TRUSTEE | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 343 2ND ST, LOS ALTOS, CA 94022-3639
- Signed the 990-PF
- Craig Neyman, CFO
- Phone
- (650) 948-7658
- Website
- www.packard.org
- Return prepared by
- CROWE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2278431 or by the name DAVID AND LUCILE PACKARD FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 94-2278431
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $8,547,237,871
- Income (IRS master file)
- $55,929,095
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $569,876,756 | $452,085,577 | $8,547,237,871 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $407,602,346 | $458,216,523 | $8,324,855,767 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2278431).
Questions about DAVID AND LUCILE PACKARD FOUNDATION
- What is the EIN of DAVID AND LUCILE PACKARD FOUNDATION?
- The employer identification number (EIN) of DAVID AND LUCILE PACKARD FOUNDATION is 94-2278431.
- Is DAVID AND LUCILE PACKARD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to DAVID AND LUCILE PACKARD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DAVID AND LUCILE PACKARD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DAVID AND LUCILE PACKARD FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAVID AND LUCILE PACKARD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DAVID AND LUCILE PACKARD FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 24 people; 10 received compensation from the organization, the highest $3,213,324 (KIMBERLY SARGENT, CHIEF INVESTMENT OFFICER).
- How much revenue does DAVID AND LUCILE PACKARD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $569,876,756, expenses of $452,085,577 and total assets of $8,547,237,871 at year end.
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All nonprofits in LOS ALTOS · California · Philanthropy, voluntarism and grantmaking foundations