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David and Lucile Packard Foundation company history timeline

1964

David and Lucile formalized their passion for philanthropy in 1964 when they established the David and Lucile Packard Foundation.

1987

Packard's wishes for his foundation had been expressed in a private letter to his children in 1987, apparently in very general terms.

1988

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.

1997

In 1997, the Packard Foundation gave to large number of groups, many of them active in environmental protection and population control.

1998

The foundation gave out 1,155 grants in 1998, totaling about $3.5 million.

1999

In 1999, the foundation's total endowment increased to around $13 billion, buoyed by the rising worth of Hewlett-Packard stock.

2000

Even as its assets shrank to $9.8 billion as of December 31, 2000, it remained far larger than many older philanthropies.

2022

© 2022 The David and Lucile Packard Foundation • Privacy • Creative Commons

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Founded
1964
Company founded
Headquarters
Los Altos, CA
Company headquarter
Founders
David Packard,Lucile Packard
Company founders
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