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John A. Sobrato wins 2012 David Packard Award

Developer and philanthropist to receive Joint Venture's highest award at State of the Valley conference Feb. 10

SAN JOSE, Calif. – January 18, 2012 – Joint Venture Silicon Valley announced today that prominent Silicon Valley real estate developer, philanthropist and community leader John A. Sobrato is the recipient of the 2012 David Packard Award for civic entrepreneurship.

The Packard Award is Joint Venture’s highest honor, presented annually to an individual who brings an entrepreneurial, cross-boundary, problem-solving approach to Silicon Valley’s challenges. Recipients embody the spirit of David Packard, Silicon Valley’s legendary pioneer who set the highest standard for civic engagement.

“I could not think of a more deserving recipient than John Sobrato for this distinguished honor,” said Christopher Wilder, executive director of the Valley Medical Center Foundation, who will make the formal presentation to Sobrato at the annual State of the Valley conference in San Jose on February 10. “No one in Silicon Valley has done more to support our region through his contributions to education, medical services and commercial development.”

“As a charter member and long active board member of Joint Venture, John Sobrato is an ideal choice for the David Packard Award,” said Russell Hancock, President and CEO of Joint Venture. “The award jury was fittingly unanimous in its selection.”

Sobrato is a member of many business, education, civic and community boards and foundations. Among them, he is a Trustee of the University of Santa Clara, a board member of the Valley Medical Center Foundation and Vice Chairman of the National Hispanic University.

For more than fifty years, John Sobrato has played a dynamic role in the emergence and growth of Silicon Valley. Beginning in 1953 with his mother, Sobrato first sold residential real estate in Palo Alto, and then grew his business over two decades, forming the Sobrato Development Companies in 1979. It later became The Sobrato Organization. Sobrato has donated more than $300 million in real estate to Silicon Valley communities through the Sobrato Family Foundation since 1996.

The Sobrato family has been the major funders for such community resources as the Sobrato Hall at the National Hispanic University, the Sobrato Center for Employment Training, the Sobrato Residence Hall and Sobrato Technology Center at Santa Clara University, the auditorium at San Jose Rep, the new hospital building under construction at Lucile Packard Children's Hospital, the Sobrato Center for Humanities and the Arts at Bellarmine, The Sobrato Commons building at St. Francis High School and a cancer center and a new hospital building under construction at Valley Medical Center.

Previous David Packard Award honorees include Aart de Geus (2011), Richard M. Levy (2010), Paul L. Locatelli (2009), William F. Miller (2008), Eric Benhamou (2007) and Bruce Chizen (2006).

About Joint Venture Silicon Valley
Established in 1993, Joint Venture provides analysis and action on issues affecting the Silicon Valley economy and quality of life. The organization brings together established and emerging leaders—from business, government, academia, labor, and the broader community—to spotlight issues, launch projects, and work toward innovative solutions. For more information, visit www.jointventure.org.

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