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David and Lucile formalized their passion for philanthropy in 1964 when they established the David and Lucile Packard Foundation.
Packard's wishes for his foundation had been expressed in a private letter to his children in 1987, apparently in very general terms.
In 1988 he declared that he would give over $2 billion to the charity, making it suddenly one of the largest private foundations in the country.
In 1997, the Packard Foundation gave to large number of groups, many of them active in environmental protection and population control.
The foundation gave out 1,155 grants in 1998, totaling about $3.5 million.
In 1999, the foundation's total endowment increased to around $13 billion, buoyed by the rising worth of Hewlett-Packard stock.
Even as its assets shrank to $9.8 billion as of December 31, 2000, it remained far larger than many older philanthropies.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| William and Flora Hewlett Foundation | 1966 | $526.7M | 75 | 9 |
| MacArthur Foundation | 1978 | $52.1M | 261 | 8 |
| Bill & Melinda Gates Foundation | 2000 | $4.8B | 1,602 | 17 |
| The Rockefeller Foundation | 1913 | $176.8M | 347 | 19 |
| The Kresge Foundation | 1924 | $50.0M | 126 | 4 |
| Council on Foundations | 1949 | $50.0M | 50 | - |
| Gordon and Betty Moore Foundation | 2000 | $790,000 | 50 | - |
| American Council on Education | 1918 | $150.0M | 750 | - |
| Foundation For The Carolinas | 1958 | $445.4M | 125 | 3 |
| Association of American Publishers | 1970 | $5.0M | 30 | - |
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