2025 Impact Report

A Shared Commitment to Lasting Change

Dear friends,

This year reminded me that progress rarely unfolds in ideal conditions. Progress happens because people press forward, even when the path is unclear.

Across the United States and around the world, 2025 brought disruption and challenges, including rising threats to our democracy, pressure on civic institutions, accelerating climate impacts, and deep uncertainty about global cooperation. Yet, even amid these challenges, people continue to innovate, collaborate, and find solutions.

We’re pleased to share what this looks like in practice. In this report, we highlight where sustained investment has supported our partners who have pressed forward despite intensifying challenges.

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Supporting partners in times of uncertainty  
As conditions have become increasingly adverse, our partners need practical support to stay effective and safe.

This past year, in partnership with Nonprofit Secure, we helped more than 450 grantee partners strengthen their digital and physical security, communications, and legal readiness. At a time when many civil society organizations are facing increased threats and risks, these protections are no longer optional. They are essential to continuing the work.

We also supported partners with longer, more flexible funding that enabled them to pivot as policies abruptly changed. Notably, partners mobilized quickly to protect key aspects of Medicaid, which provides affordable health coverage to one in five Americans. Their fast and concerted action helped prevent changes that could have led to millions of families losing access to care.

After Title X family planning funding was paused in spring 2025, grantee partners worked together to secure its restoration and preserve access to essential reproductive health care across the U.S.

Scaling solutions through new forms of collaboration
Across our work, we see that complex challenges require coordinated, cross-sector collaboration.

In our home county of Santa Clara, Destination: Home had a simple idea: stop homelessness before it happens by working with those families most at risk. Doing so requires concerted, collective action. They brought together public agencies and community organizations to do just that, and since 2020, this collaborative has helped more than 33,000 people avoid losing their housing. That success is now being replicated nationally with the newly launched Right at Home, a national effort to prevent homelessness by providing flexible financial assistance and coordinated case management.

New forms of collaborative action are also essential for tackling the urgent challenges of climate change. Our big bet is Forests, People, Climate, a global partnership focused on stopping tropical deforestation in Indonesia, the Amazon and the Congo Basin. Through this effort, we collaborate with regional leaders, civil society, entrepreneurs, and governments to advance efforts that protect forests, strengthen local leadership, and advance local economies. This requires shifting markets to favor standing forests and strengthening public support and policies for tropical forests and the people stewarding them. At COP30 in Belém, Brazil, we joined governments and philanthropic partners to renew the $1.8 billion Forest and Land Tenure Pledge, supporting Indigenous Peoples and local communities in protecting forests — one of the most effective ways to address climate change.

Building a more resilient democracy
Five years ago, we added to our programs a focus on democracy in the U.S., with the intent of taking the long view needed to build a more inclusive and healthier democracy. We have funded efforts to reduce polarization and repair civic life as essential building blocks. This includes our support for the Trust for Civic Life, which funds locally led efforts that get people working together across differences. Communities have come together to solve the problems that affect their lives and, in the process, build a stronger civic fabric – whether by uplifting local youth voices, revitalizing mine lands, developing a mobile home cooperative for greater ownership or creating local meeting places, trails, and playgrounds.

Often our policy makers are more polarized than the communities they serve, resulting in policy gridlock that impedes progress. This year, we invested in Future Caucus, which brings together young lawmakers from different parties across the aisle to build skills in negotiation, strategic planning, and conflict management. Early results show these leaders are more likely to advance bipartisan legislation that becomes law.

We also understand the urgent importance of safe and secure elections as necessary for safeguarding our democracy at such a critical moment. We are supporting partners who are pushing back against misinformation and political violence, and supporting election officials, including physical and cybersecurity resources.

Looking Ahead
Midway through 2026, civic life and global cooperation continue to face painful pressure. At the same time, our partners continue to show strength and resolve. We are grateful to stand alongside you and continue investing together in solutions that last.

Sincerely,

Nancy Lindborg

President and Chief Executive Officer

Working toward

our goals

The challenges facing humanity and all of nature are intricately interconnected, and so are the solutions. We focus on supporting leaders who have the audacity to think big and act, despite the headwinds, on transforming systems so they work for everyone, with institutions, policies, and practices that are more inclusive and fair.

Build Just Societies

We support a strong civil society and inclusive institutions and governance to build just and equitable societies for all people.

199

grants awarded in 2025

$86M

amount awarded in 2025

Investing in Families and Communities

We prioritize the importance of children having a healthy start and promoting resilient and vibrant communities where children and families thrive, so they have the power to shape their lives.

161

grants awarded in 2025

$41M

amount awarded in 2025

Protecting and Restoring Our Natural World

We champion bold climate solutions, an ocean that sustains us, and scientific innovation and discovery to secure the health and future of people and planet.

150

grants awarded in 2025

$88M

amount awarded in 2025

Institutional Commitments

Honoring long-term commitments to institutions that are core to our legacy: Lucile Packard Children’s Hospital, Monterey Bay Aquarium Research Institute (MBARI), Packard Fellowships for Science and Engineering, The Monterey Bay Aquarium.

24

grants awarded in 2025

$85M

amount awarded in 2025

Mission Investing

Expanding the impact of our grantmaking through loans and equity investments.

$33.5M

new Mission Investments approved in 2025

By the Numbers

Meaningful solutions require balancing patience with urgency, and supporting the conditions for transformational change. We address complex issues over the long term while making tangible progress today. 

605

Grants awarded in 2025 

View the grants

$322M

Grant dollars awarded in 2025

$8.8B

Total assets

$240K

Median grant size in 2025

40%

Multi-year unrestricted support in 2025

41.4%

of grantmaking in Global Majority countries supported locally led organizations

 

Dollars of Grants by Goal

Number of Grants by Goal

Regions Served by 2024 Grant Dollars

Stories of Impact

The past year was a time of both significant disruption and forward momentum. It offered an opportunity to look back on what we’ve learned while continuing to push ahead with purpose.

Young Lawmakers Lead the Way on Bipartisan Solutions

Future Caucus is equipping young lawmakers with practical tools, resources, and relationships to collaborate across party lines and find common ground to address the challenges facing their communities.

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Expanding Progress Through Mission Investing
Yurok Tribe Secures Largest Land Back Transfer in California History
Health Clinics Need Reliable, Affordable Energy: Here’s How They Get It
Building A Connected System of Care for Families
What It Really Takes for Families to Thrive
How a New Orleans Play Space Helps Families Flourish
The Mississippi Clinic Providing So Much More Than Healthcare

A Collaborative Approach to Stop Homelessness Before It Starts

In California, Destination: Home is leading a collaborative effort to end homelessness through a shared database that connects residents to critical resources.

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Coffee, Conservation, and Choice: A New Future for Ethiopia’s Forest Communities

In the coffee forests of Ethiopia, groups of women gather regularly to pool their savings, plan their futures, and exchange ideas.

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Reimagining Marine Conservation with Coastal Communities at the Helm

A multinational team of marine scientists and economists work together to balance ecological restoration with human well-being.

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Packard Fellows Advance Bold Ideas into Real-World Solutions
How a Simple Candy Could Transform At-Home Testing
How Flexibility Fueled David Baker’s Nobel-Winning Discovery
A Case for Child Care Support for Scientists

New Ship Enhances MBARI’s Ability to Study and Protect the Ocean

The Monterey Bay Aquarium Research Institute’s (MBARI) new research vessel is expanding their capacity to pursue bold marine research initiatives and transform ocean science and engineering. 

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Ending Tropical Deforestation for People and Climate
A Proven Climate Solution: Tropical Forests and the Communities Who Protect Them
Advancing Community-Led Climate Solutions at COP30

Building a Just and Equitable Future for People and Nature

Together we are building a world where families and communities have the power to shape their lives, societies are more just and inclusive, and all of nature is sustained by a healthy ocean and climate.

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