Silicon Valley Community Foundation

Organization Overview

Silicon Valley Community Foundation is located in Mountain View, CA. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Silicon Valley Community Foundation employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Silicon Valley Community Foundation generated $5.6b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $2.7b during the year ending 12/2021. While expenses have increased by 20.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Silicon Valley Community Foundation has awarded 25,754 individual grants totaling $12,546,062,499. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SILICON VALLEY COMMUNITY FOUNDATION (SVCF) CONNECTS PEOPLE, IDEAS AND RESOURCES TO ENSURE EQUITY AND OPPORTUNITY FOR ALL.

Describe the Organization's Program Activity:

COMMUNITY ACTION GRANTS PROGRAM TO SHIFT MORE FUNDING TOWARD LOCAL ORGANIZATIONS LED BY PEOPLE OF COLOR, SVCF LAUNCHED THE COMMUNITY ACTION GRANTS PROGRAM IN JANUARY 2021. IN JUST ITS FIRST YEAR, THE PROGRAM AWARDED 108 GRANTS TOTALING NEARLY $2.7 MILLION TO ORGANIZATIONS ACROSS SEVEN DIFFERENT ISSUE AREAS: ARTS AND CULTURE, FAITH, NEIGHBORHOODS, LOCAL JOURNALISM, CIVIC PARTICIPATION, THE ENVIRONMENT AND HEALTH. INVESTING IN MOVEMENT- AND POWER-BUILDING SVCF IS WORKING TO ADDRESS STRUCTURAL INEQUALITIES AND POWER DYNAMICS IN THE COMMUNITY THROUGH GRANT FUNDS ESTABLISHED IN 2021: THE CALIFORNIA BLACK FREEDOM FUND AND THE LATINXCEL FUND. THESE FUNDS WERE CREATED TO ADDRESS UNEQUAL ACCESS TO POWER AND FUNDING BY INTENTIONALLY PROVIDING UNRESTRICTED FUNDS TO NONPROFIT ORGANIZATIONS THAT ORGANIZE AND SERVE PEOPLE OF COLOR, BUILD COALITIONS AND ADVOCATE FOR PUBLIC POLICY CHANGES. CALIFORNIA BLACK FREEDOM FUND LAUNCHED IN FEBRUARY 2021, THE CALIFORNIA BLACK FREEDOM FUND (CBFF), CREATED WITH BLACK LEADERS AND ORGANIZERS, ENSURES THAT CALIFORNIA'S GROWING ECOSYSTEM OF LOCALLY ROOTED, BLACK-LED ORGANIZING EFFORTS HAVE SUSTAINED INVESTMENTS AND RESOURCES NEEDED TO ERADICATE SYSTEMIC AND INSTITUTIONAL RACISM. THE FUND ADDRESSES A HISTORY OF UNDERINVESTMENT IN BLACK-LED ORGANIZATIONS AND POWER-BUILDING BY PHILANTHROPY. SINCE ITS LAUNCH, THE CBFF HAS MADE $15 MILLION IN GRANTS TO SUPPORT OVER 75 BLACK-LED GROUPS ACROSS CALIFORNIA. LATINXCEL FUND SVCF LAUNCHED THE LATINXCEL FUND IN MAY 2021 IN PARTNERSHIP WITH THE CASTELLANO FAMILY FOUNDATION AS A WAY TO UNLEASH THE LATINX COMMUNITY'S CIVIC AND ECONOMIC POTENTIAL THROUGH TARGETED, LONG-TERM INVESTMENTS IN LATINX-LED NONPROFITS AND LEADERS. IN 2021, SVCF AWARDED $1.4 MILLION IN GRANTS TO 36 INAUGURAL GRANTEES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Iconiq Capital Llc
Investment Management
$1,928,772
Cambridge Associates
Investment Management
$675,000
Navisite Inc
Data Services & Web Hosting
$300,413
Moss Adams Llp
Audit Services
$233,761
Bny Mellon
Investment Management
$586,222
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$21,061,172
Government grants $6,007,903
All other contributions, gifts, grants, and similar amounts not included above$3,952,383,806
Noncash contributions included in lines 1a–1f $2,035,693,312
Total Revenue from Contributions, Gifts, Grants & Similar$3,979,452,881
Total Program Service Revenue$2,734,842
Investment income $54,250,142
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,576,997,651
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,613,435,516

Grants Awarded

Over the last fiscal year, Silicon Valley Community Foundation has awarded $2,412,842,326 in support to 3,504 organizations.

Grant RecipientAmount

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: General Nonprofit Support

$229,480,927

PARKER INSTITUTE FOR CANCER IMMUNOTHERAPY

Org PageRecipient Profile

San Francisco, CA

PURPOSE: Health

$150,500,000

Washington, DC

PURPOSE: General Nonprofit Support

$119,192,500

GREATER KANSAS CITY COMMUNITY FOUNDATION

Org PageRecipient Profile

Kansas City, MO

PURPOSE: General Nonprofit Support

$107,901,172

AFRICAN LEADERSHIP FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: General Nonprofit Support

$50,515,232

New York, NY

PURPOSE: Human Services

$50,353,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Silicon Valley Community Foundation has recieved totaling $1,000.

Awarding OrganizationAmount
Elkind Family Foundation

Palo Alto, CA

PURPOSE: B25CONT:EDUCATIONAL

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$383,870,296
Earnings$49,976,556
Admin Expense$7,810,493
Net Contributions$1,710,929
Other Expense$638,680
Grants$16,872,312
Ending Balance$410,236,296

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