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David and Lucile Packard Foundation
The David and Lucile Packard Foundation was established in 1964 by David Packard and Lucile Salter Packard. David Packard built Hewlett-Packard into a major...
David and Lucile Packard Foundation
The David and Lucile Packard Foundation was established in 1964 by David Packard and Lucile Salter Packard. David Packard built Hewlett-Packard into a major technology company. The foundation operates as a private grantmaker rather than a traditional investment vehicle. Capital deployment spans private equity, venture strategies, and direct holdings through a mission investing program. Asset classes include private equity at 29.77 percent of the portfolio. Positions include Afaxys in healthcare and ZOLA Electric in energy. Geographic reach covers the United States and Africa. The program also commits to vehicles such as Sea Change Investment Fund and Blueprint Equity. The foundation maintains its headquarters in Los Altos, California. Nancy Lindborg holds the role of President and CEO while Kimberly Sargent serves as Chief Investment Officer. April 2024: Sponsored the Our Ocean Conference in Athens, Greece. Related philanthropic vehicles include the Lucile Packard Foundation for Children's Health and the Monterey Bay Aquarium Research Institute. Governance rests with family trustees who trace lineage to the founders. This structure separates grant decisions from investment management while preserving family control over the endowment. Service providers include Aetos Alternatives Management for investment advice and Grant Thornton for audit work.
General information
Firm type
Endowment / Foundation
Year founded
1964
Location
Region
North America
Country
United States
City
Los Altos
Corporate office
343 Second Street, Los Altos, CA 94022, United States
Principals
Nancy Lindborg
President and CEO
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at the David and Lucile Packard Foundation?
Nancy Lindborg serves as President and CEO. Kimberly Sargent holds the Chief Investment Officer role. External advisors include Aetos Alternatives Management and BlackRock.
Does the David and Lucile Packard Foundation participate in fund commitments or only direct deals?
The foundation runs a mission investing program that includes both fund commitments and direct holdings. Confirmed positions include Afaxys and ZOLA Electric.
Where does the underlying wealth come from?
The endowment traces to David Packard, co-founder of Hewlett-Packard, and Lucile Salter Packard. Legacy public equity positions include HP Inc. and Agilent Technologies.
What investment stages does the David and Lucile Packard Foundation typically target?
The mission investing program covers early stage, growth, and buyout strategies. It also allocates to natural resources and special situations vehicles.
How is the David and Lucile Packard Foundation related to MBARI?
The foundation provides primary funding to the Monterey Bay Aquarium Research Institute. It has supported research vessels including R/V David Packard and R/V Rachel Carson.
Does the David and Lucile Packard Foundation maintain philanthropic structures, and how are they separated?
Separate entities include the Lucile Packard Foundation for Children's Health and the Packard Humanities Institute. These operate alongside the main foundation with distinct mandates.
What is the David and Lucile Packard Foundation's known posture on co-investments alongside external GPs?
The mission investing program commits as a limited partner to external managers. Examples include commitments to New Forests and Mirova SunFunder.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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