Nonprofit · EIN 94-2618409
HP FOUNDATION
Tax-exempt · PALO ALTO, CA 94304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $3,057,657 | $14,649,309 | -$11,591,652 | $51,467,462 | $2,775,868 | $48,691,594 |
| October 31, 2024 | 990-PF | $3,169,197 | $22,136,956 | -$18,967,759 | $63,656,709 | $4,576,864 | $59,079,845 |
| October 31, 2023 | 990-PF | -$5,232,335 | $14,836,933 | -$20,069,268 | $73,972,686 | $504,986 | $73,467,700 |
| October 31, 2022 | 990-PF (amended) | $33,494,518 | $13,042,042 | $20,452,476 | $83,359,343 | $304,112 | $83,055,231 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $1,674,292
- Interest
- $486,055
- Net gain from sales of assets
- $897,310
Expenses
- Grants and similar amounts paid
- $11,972,868
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $16,379,819
- Excise tax on investment income
- $53,165
Balance sheet and other
- Total assets, start of year
- $63,656,709
- Total assets, end of year
- $51,467,462
- Total liabilities, end of year
- $2,775,868
- Net assets, end of year
- $48,691,594
- Fair market value of assets
- $51,467,462
- Qualifying distributions
- $16,379,819
- Net investment income
- $3,945,854
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE MALEJKI 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | EXECUTIVE DIRECTOR (START 11/24) | 1 | $0 |
| MATT BUCKLEY 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | EXECUTIVE DIRECTOR (THRU 11/24) | 1 | $0 |
| STEPHANIE BORMANN 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | DEPUTY DIRECTOR | 32 | $0 |
| PHYLLIS TURNER-BRIM 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | SECRETARY/INTERIM AUDIT CHAIR | 1 | $0 |
| OLGA MARRUFFO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | TREASURER | 0.2 | $0 |
| ERNEST NICOLS 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
| ANTONIO LUCIO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
| CAROL SURFACE 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
| ANNELIESE OLSON 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
| ALEX CHO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
| STELLA LOW 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER (THRU 12/24) | 0.2 | $0 |
| KRISTEN LUDGATE 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER/AUDIT CHAIR (THRU 03/25) | 0.1 | $0 |
990-PF for the year ended October 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW BUCKLEY 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | EXECUTIVE DIRECTOR | 1 | $0 |
| STEPHANIE BORMANN 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | DEPUTY DIRECTOR | 32 | $0 |
| PHYLLIS TURNER-BRIM 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | SECRETARY | 1 | $0 |
| KRISTEN LUDGATE 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER/AUDIT CHAIR | 0.1 | $0 |
| ALEX CHO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
| ERNEST NICOLS 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
| STELLA LOW 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.2 | $0 |
| OLGA MARRUFFO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | TREASURER | 0.2 | $0 |
| STEPHANIE LIEBMAN 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | TREASURER (THROUGH 2/15/24) | 0.2 | $0 |
| ANTONIO LUCIO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.1 | $0 |
990-PF for the year ended October 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW BUCKLEY 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | EXECUTIVE DIRECTOR | 0.2 | $0 |
| STEPHANIE BORMANN 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | DEPUTY DIRECTOR | 20 | $0 |
| PHYLLIS TURNER-BRIM 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | SECRETARY | 0.2 | $0 |
| BARBARA BARTON-WEISZHAAR 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | TREASURER | 0.2 | $0 |
| KRISTEN LUDGATE 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER/AUDIT CHAIR | 0.2 | $0 |
| ALEX CHO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.2 | $0 |
| ERNEST NICOLS 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.2 | $0 |
| STELLA LOW 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.2 | $0 |
990-PF for the year ended October 31, 2022: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH MCISAAC 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | EXECUTIVE DIRECTOR (THRU 02/22) | 0.2 | $0 |
| ALEX CHO 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER | 0.2 | $0 |
| CHRISTOPH SCHELL 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER (THRU 03/22) | 0.2 | $0 |
| STEPHANIE BORMANN 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | DEPUTY DIRECTOR | 20 | $0 |
| RICK HANSEN 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | SECRETARY (THRU 02/22) | 0.2 | $0 |
| PHYLLIS TURNER-BRIM 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | SECRETARY (AS OF 02/22) | 0.2 | $0 |
| MARIE MYERS 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | TREASURER (THRU 02/22) | 0.2 | $0 |
| KRISTEN LUDGATE 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER/AUDIT CHAIR | 0.2 | $0 |
| ELLEN JACKOWSKI 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | EXECUTIVE DIRECTOR (THRU 06/22) | 0.2 | $0 |
| MATTHEW BUCKLEY 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | EXECUTIVE DIRECTOR (AS OF 09/22) | 0.2 | $0 |
| ERNEST NICOLS 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER (AS OF 09/22) | 0.2 | $0 |
| KAREN KAHN 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER (THRU 05/22) | 0.2 | $0 |
| BARBARA BARTON-WEISZHAAR 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | TREASURER (AS OF 02/22) | 0.2 | $0 |
| STELLA LOW 1501 PAGE MILL ROAD MS-1300, PALO ALTO, CA 94304 | BOARD MEMBER (AS OF 09/22) | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 PAGE MILL RD MS1300, PALO ALTO, CA 94304-1126
- Signed the 990-PF
- TUNDE AGBOKE, DEPUTY DIRECTOR
- Phone
- (858) 924-4341
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2618409 or by the name HP FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990-PF on file |
IRS record
- EIN
- 94-2618409
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1979
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $51,467,462
- Income (IRS master file)
- $17,415,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $3,057,657 | $14,649,309 | $51,467,462 | XML |
| 990-PF | October 2024 | $3,169,197 | $22,136,956 | $63,656,709 | XML |
| 990-PF | October 2023 | -$5,232,335 | $14,836,933 | $73,972,686 | XML |
| 990-PF | October 2022 | $33,494,518 | $13,042,042 | $83,359,343 | XML |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-T | October 2021 | – | – | – | IRS |
| 990-PF | October 2020 | – | – | – | IRS |
| 990-PF | October 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2618409).
Questions about HP FOUNDATION
- What is the EIN of HP FOUNDATION?
- The employer identification number (EIN) of HP FOUNDATION is 94-2618409.
- Is HP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to HP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HP FOUNDATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of HP FOUNDATION?
- The 990-PF for the year ended October 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does HP FOUNDATION have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $3,057,657, expenses of $14,649,309 and total assets of $51,467,462 at year end.
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- GORDON E AND BETTY I MOORE FOUNDATION EIN 94-3397785 · last filed 990-PF for 2024
- GOOD VENTURES FOUNDATION EIN 46-1008520 · last filed 990-PF for 2025
- CHAN ZUCKERBERG INITIATIVE FOUNDATION EIN 45-5002209 · last filed 990-PF for 2024
- CARL VICTOR PAGE MEMORIAL FOUNDATION EIN 20-1922957 · last filed 990-PF for 2024
- ELECTRIC POWER RESEARCH INSTITUTE INC EIN 23-7175375 · last filed 990 for 2024
- THE ERIC AND WENDY SCHMIDT FUND FOR STRATEGIC INNOVATION EIN 46-3460261 · last filed 990-PF for 2024