Packard, Caring for Colorado Foundations Announce $20 Million Fund

Packard, Caring for Colorado Foundations Announce $20 Million Fund

The David and Lucile Packard Foundation and the Caring for Colorado Foundation have announced the launch of a $20 million fund in support of David Packard's hometown of Pueblo.

Established with a one-time endowment gift to Caring for Colorado's Centennial Fund, the Sperry S. and Ella Graber Packard Fund for Pueblo will support the people, organizations, and aspirations of Pueblo for decades to come. Packard, who was born in Pueblo in 1912, spoke often about how Puebloans' support for one another fueled his desire to give back to the community. Since 1972, the foundation has provided funding annually in support of local leaders and organizations working in a variety of areas, including the arts, the environment, youth development, and basic services such as food security and health. Caring for Colorado, which has managed the Packard Foundation's grantmaking in Pueblo since 2016, will award grants from the new fund beginning in 2020.

"After more than four decades of managing grantmaking in Pueblo, we are transitioning our support fully and directly to Coloradoans," said Packard Foundation president and CEO Carol Larson. "We could not be more humbled by the dedication of leaders and organizations in Pueblo to make their community stronger for all people. We are excited for all that is to come for this community that has such deep ties to the Packard family and foundation."

"Three years ago, the Packard Foundation and Caring for Colorado entered into a unique partnership to support and strengthen the Packard Foundation's grantmaking in Pueblo. The result is an incredible new asset and opportunity for Pueblo," said Caring for Colorado president and CEO Chris Wiant. "We are grateful to the Packard Foundation for their vision in developing this lasting resource to support community-identified needs and opportunities in Pueblo. We are honored to steward these funds and build upon the amazing legacy of the Packard Foundation's work in Pueblo."

"Packard Foundation and Caring for Colorado Foundation Announce the Sperry S. and Ella Graber Packard Fund for Pueblo." David and Lucile Packard Foundation and Caring for Colorado Foundation Press Release 04/10/2019.