The William & Flora Hewlett Foundation

Nonprofit profile at a glance

EIN
941655673
IRS 990-PF coverage
2024–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Menlo Park, CA, USA
Phone
6502344500
Rating
90
Verdict
STRONG
Rating confidence
Standard
Sector
Corporate Foundations

Reported finances

Revenue
$784,700,540
Expenses
$754,606,113

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Corporate Foundations

What it reported funding in 2024

The foundation reported 2,001 grants totaling $625,009,380. The stated grant purposes included for general operating support, for support of the school remix program, and for internal organization planning, plus 934 other reported purposes.

Operating model

Revenue model
Mixed. The foundation's positive operating resources came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The foundation distributed 91% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. The filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 99
  • Cost Efficiency: 83
  • Transparency: 100
  • Compliance: 90
  • Endowment Health: 60

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 99.4%; rating input score 99; 45th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 82.8%; rating input score 83; 54th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 15 of 19 controls in place; rating input score 79
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Fail
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Fail
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 22.72; rating input score 60; 60th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 99.4% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 60th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Contacts: How to reach this organization
  • Money network: 2148 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Compliance: Part VII-B activity disclosures: 4 of 19 not reported.