David and Lucile Packard Foundation

Overview

The Packard Foundation supports work in conservation, science, children, families, communities, and reproductive health and rights.¹

The endowment supports Packard Foundation grantmaking and mission-related investing.¹

Estimated AUM: $8.5B as of Dec 31, 2024³
Capital pool: private foundation endowment²
Investment model: Federal law requires each to distribute at least 5 percent of net investment assets annually for charitable purposes, which means the investment office needs to clear distributions, inflation, and management costs every year just to keep the endowment flat.⁴
Investment approach: Littlejohn makes the case for treating ocean science, stewardship, and long-term investment as essential infrastructure.²
Spending support: Not listed yet
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: private equity, venture capital, private credit, hedge funds, real estate, infrastructure, public markets, fixed income.²
Performance: Not listed yet
Governance: The fund's scale rivals the largest university endowments, but its governance structure and religious institutional mandate set it apart from traditional foundation investors.²
Investment team: Federal law requires each to distribute at least 5 percent of net investment assets annually for charitable purposes, which means the investment office needs to clear distributions, inflation, and management costs every year just to keep the endowment flat.⁵
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 4, 2026 · Verified

Last verified Jul 4, 2026 from public career and organization materials.

Website (packard.org)Parent organization overview, Pool purpose, Investment office page · checked Jul 3, 2026
Website (packard.org)Institution type, Capital pool, Headquarters, Investment approach, Asset allocation, Governance · checked Jul 3, 2026
Form 990 (projects.propublica.org)Estimated AUM · checked Jul 25, 2026
Website (praxisrock.com)Investment model · checked Jul 4, 2026
Job posting (packard.org)Investment team · checked Jul 4, 2026