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William & Flora Hewlett Foundation

A Silicon Valley foundation running an endowment-style portfolio.

Institutional LP CapitalFirmGlobal
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Target market
Venture and private-markets managers with institutional discipline
Typical check
Foundation-scale fund commitments
Geography
Global

Overview

The William & Flora Hewlett Foundation, established by the HP co-founder and his wife, invests a multi-billion-dollar endowment to fund its grant-making in perpetuity. Its investment office runs an endowment-style portfolio with long-standing private-markets and venture allocations, managed through external managers. Sitting in Menlo Park, it is culturally fluent in venture and values the same things its endowment peers do: durable strategies, honest loss ratios and GPs who treat LP capital like the trust it is.

Key facts

  • Founded by HP co-founder William Hewlett and Flora Hewlett
  • Multi-billion-dollar endowment invested for perpetual grant-making
  • Endowment-style portfolio with long-running private-markets exposure
  • Headquartered in Menlo Park, California

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