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The David and Lucile Packard Foundation is a private family foundation created in 1964 and guided by some of the same innovative approaches that helped transform a small electronics shop in a garage into one of the world's leading technology companies. The Foundation, based in Los Altos, CA, invests in issues its founders cared about most, including conserving and restoring the earth's natural systems, improving the lives of children, advancing reproductive health, and investing in its local community.
Since 1980, the Foundation has made a diverse array of program-related investments (PRIs) to extend its impact, encompassing all of the Foundation's program areas. The Foundation currently has a USD 180 million allocation for this purpose, which is available for investments that advance specific programmatic strategies of the Foundation, while maintaining preservation of its capital to serve future needs. The Foundation has made loans, guarantees, and equity investments. It has the ability to make both PRIs and other types of mission-related investments from its USD 180 million capital allocation; to date all of its investments have been structured as PRIs as the most suitable tool to achieve its programmatic objectives.
The Foundation co-led the Land Conservation Working Group with Manta Consulting, and is a GIIN Investors Council member.