Analyzing Lucile Packard Foundation for Children’s Health 990: Where the Money Goes

Analyzing Lucile Packard Foundation for Children’s Health 990: Where the Money Goes

As a leading healthcare foundation in the U.S., Lucile Packard Foundation for Children’s Health has been instrumental in funding various initiatives to support children’s health and wellness. Every year, the Foundation files its Form 990 with the IRS, which provides a comprehensive breakdown of its revenue, expenses, and activities.

In this article, we will be analyzing the Form 990 of Lucile Packard Foundation for Children’s Health to gain a better understanding of where the money goes and how it’s being allocated to various programs and initiatives. With this information, we hope to shed light on the Foundation’s impact and inspire other healthcare foundations to follow in its footsteps.

Revenue Sources

According to the Form 990 for the fiscal year 2020, Lucile Packard Foundation for Children’s Health generated a total revenue of $450 million. Of this, almost 90% came from contributions and grants from various donors and foundations, while the remaining 10% was earned from investments, interest, and other miscellaneous sources.

Program Expenses

The Foundation spends a significant portion of its revenue on program expenses, which includes various initiatives to improve the health and well-being of children in the U.S. In the fiscal year 2020, the Foundation spent over $390 million on program expenses, which accounted for almost 87% of its total expenses.

One of the primary focus areas of the Foundation is supporting medical research to find better treatments and cures for childhood diseases. In 2020, the Foundation invested over $250 million in research and academic institutions to drive innovation and breakthroughs in children’s healthcare.

The Foundation also supports various community-based programs aimed at improving the health and wellness of children, such as the Healthier Kids Foundation Santa Clara County, which received over $1.5 million in funding from the Foundation in 2020.

Administrative and Fundraising Expenses

Apart from program expenses, the Foundation also incurs administrative and fundraising expenses to manage its operations and raise funds to support its initiatives. Administrative expenses include personnel costs, office expenses, and other costs associated with running the Foundation’s operations. In 2020, the Foundation incurred $26 million in administrative expenses, which accounted for almost 6% of its total expenses.

Fundraising expenses include costs associated with raising funds from donors and organizing events to create awareness about the Foundation’s initiatives. In 2020, the Foundation spent $20 million on fundraising expenses, which accounted for almost 4.5% of its total expenses.

Conclusion

The Lucile Packard Foundation for Children’s Health is a leading healthcare foundation in the U.S. that has been instrumental in funding various initiatives to support children’s health and wellness. By analyzing the Foundation’s Form 990, we can see that it’s spending a significant portion of its revenue on program expenses, primarily investing in medical research and community-based programs.

The Foundation’s impact on children’s health and wellness is evident from its programs and initiatives, and we commend its efforts to make a meaningful difference in the lives of children. We hope that other healthcare foundations follow in its footsteps and work towards creating a healthier future for children.