PHILANTHROPY: Packard's Big Giveaway

Packard's Big Giveaway

David Packard already ranks among the most successful American entrepreneurs in history. From now on, the lanky, 6-ft. 4-in. chairman and co-founder of the Hewlett-Packard electronics corporation will also be counted among the most generous. In the tradition of such industrialists as Henry Ford and John D. Rockefeller, Packard, 75, has disclosed that he will give more than $2 billion -- most of his fortune -- to charity.

Starting this year, Packard will gradually donate his 450,000 Hewlett- Packard shares to the foundation he and his wife established in 1964 to support scientific and health research and a broad range of...

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