Hewlett charity – Exact impact not clear

The William and Flora Hewlett Foundation stands to get a big infusion of cash and stock as a result of the death at age 87 of Jan. 12 of William Hewlett, co-founder of Hewlett-Packard and of the foundation, The San Francisco Chronicle reported Jan. 13.

The foundation, based in Menlo Park, Calif., was founded in 1966 to benefit global well-being.

Funded mainly by Hewlett, the foundation last May had assets of more than $2.7 billion, at least $232 million of it in Hewlett-Packard stock.

His estate could contain millions more in stock and cash earmarked for the foundation, the Chronicle said.

Foundation officials said they were too stunned by the news of his death to know whether the organization would benefit from his death, which was from natural causes.

In addition to funding the foundation, Hewlett has given millions to other causes. He and H-P co-founder David Packard together gave more than $300 million to Stanford University. And in 1974, he donated $70 million to establish the Public Policy Institute of California, a think-tank devoted to improving public policy in the state.

For full story, go to San Francisco Chronicle.

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