Palo Alto Weekly
News - February 10, 2012
A Feb. 3 story on charitable foundations stated that the Hewlett Foundation distributed $213 million in 2011 and $748 million in 2008. Rather, the foundation awarded — as opposed to distributed or disbursed — $203 million and $748 million respectively. The foundation awarded $483 million, not $427 million, in 2007; and $785 million in 2008, including $497 million, not $481.5 million, to the Climate Works Foundation. Its peak endowment was $9.3 billion, not $9.2 billion, which dropped to $6.3 billion in 2008. The article's figures had been drawn from the foundation's annual report. To request a correction, contact Editor Jocelyn Dong at 650-223-6514, firstname.lastname@example.org or P.O. Box 1610, Palo Alto, CA 94302.