The William and Flora Hewlett Foundation was established by entrepreneur William R. Hewlett with his wife, Flora Lamson Hewlett, and eldest son Walter B. Hewlett.
The foundation's programs aim to help reduce global poverty, limit risk of climate change, improve educations for students in California and elsewhere, improve reproductive health and rights worldwide, support vibrant performing arts in the community, promote philanthropy, and support disadvantaged communities in the San Francisco Bay Area.
The foundation is classified as a private foundation under section 509(a) of the Internal Revenue Code. Hence, it is independent of the Hewlett packard Company and the Hewlett Packard Company Foundation.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.