Silicon Valley Community Foundation

Silicon Valley Community Foundation 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 12/2019, Silicon Valley Community Foundation employed 283 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Silicon Valley Community Foundation generated $1.7b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.5b during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Silicon Valley Community Foundation has awarded 18,526 individual grants totaling $7,553,934,358. 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 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

SVCF IS A COMMUNITY CATALYST FOR POSITIVE CHANGE, HARNESSING SILICON VALLEY'S INGENUITY, INNOVATION AND CREATIVITY TO ADDRESS COMPLEX, LOCAL CHALLENGES. WE CONNECT SILICON VALLEY PHILANTHROPISTS WITH NONPROFIT ORGANIZATIONS TO BUILD STRONG AND VITAL COMMUNITIES WHERE PEOPLE CAN LIVE WITH DIGNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PREPARATION FOR CENSUS 2020: LEADING UP TO THE 2020 CENSUS, SVCF DISTRIBUTED MORE THAN $1.9 MILLION IN GRANTS TO 70 LOCAL ORGANIZATIONS WORKING AT THE GRASSROOTS LEVEL TO ENCOURAGE PARTICIPATION IN THE CENSUS AND ENSURE AN ACCURATE COUNT. FUNDING FOCUSED ON HARD-TO-COUNT POPULATIONS AND REGIONS, INCLUDING ELDERLY RESIDENTS AND THE RURAL SAN MATEO COUNTY COAST, WHERE NONPROFITS DEPLOYED TRUSTED MESSENGERS TO GET THE WORD OUT. HOUSING: IN 2019, SVCF WORKED TO PROTECT, PRESERVE AND PRODUCE AFFORDABLE HOUSING IN SANTA CLARA AND SAN MATEO COUNTIES. KEY STRATEGIES INCLUDED LOCAL GRANTMAKING, COLLABORATING WITH CORPORATE PARTNERS, FOCUSING ON PREVENTING HOMELESSNESS AND SUPPORTING SAFETY-NET SERVICES TO KEEP FAMILIES IN THEIR HOMES. SVCF HOSTED GOVERNOR GAVIN NEWSOM AND A GROUP OF MORE THAN A DOZEN CEOS OF THE TOP LOCAL COMPANIES TO GAIN MORE CORPORATE COMMITMENTS TO IMPROVING HOUSING AVAILABILITY IN THE HIGH-PRICED BAY AREA. FIGHTING SYSTEMIC INJUSTICES IN OUR REGION: AFTER TWO YEARS OF ADVOCACY ACTIVITIES BY SVCF AND PARTNERS, IN 2019, GOVERNOR GAVIN NEWSOM SIGNED SENATE BILL 41, MAKING IT ILLEGAL TO USE GENDER AND RACE TO DETERMINE THE COMPENSATION VICTIMS AND FAMILIES ARE AWARDED IN CIVIL CASES INVOLVING INJURY AND DEATH. RESPONDING TO LOCAL TRAGEDY: WITHIN HOURS OF THE TRAGIC GILROY GARLIC FESTIVAL SHOOTING IN JULY 2019, SVCF RESPONDED BY ESTABLISHING A RELIEF FUND IN COLLABORATION WITH GILROY FOUNDATION. SVCF ADMINISTERED MORE THAN $1.9 MILLION IN DONATIONS. AS INTENDED BY DONORS, 100% OF FUNDS WENT DIRECTLY TO THOSE AFFECTED: 22 INJURED VICTIMS OR FAMILIES OF VICTIMS WHO DIED FROM GUNFIRE, AND TO 98 ADDITIONAL VICTIMS WHO RECEIVED HARDSHIP SUPPORT.


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Silicon Valley Community Foundation Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President/chief Executive Director Of Destination Home
$0

Silicon Valley Community Foundation Vendors

Vendor Name (Service)Compensation
Slc Management
Investment Management
$1,112,391
Cerberus Icq Offshore Loan Opportunity Fund
Investment Management
$1,202,293
Baker Brothers
Investment Management
$1,720,158
Parametric S&p 500 Strategy
Investment Management
$1,100,822
Iconiq
Investment Management
$17,398,220
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,201,761
Related organizations$12,014,601
Government grants $5,082,806
All other contributions, gifts, grants, and similar amounts not included above$1,194,721,861
Noncash contributions included in lines 1a–1f $840,771,082
Total Revenue from Contributions, Gifts, Grants & Similar$1,213,021,029
Total Program Service Revenue$2,745,762
Investment income $158,097,365
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,120
Net Gain/Loss on Asset Sales $337,096,136
Net Income from Fundraising Events -$610,113
Net Income from Gaming Activities $113,640
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,710,513,215

Silicon Valley Community Foundation Grants Awarded

Over the last fiscal year, Silicon Valley Community Foundation has awarded $1,310,515,348 in support to 3,109 organizations.

Grant RecipientAmount

THE CHICAGO COMMUNITY TRUST

Org PageRecipient Profile

Chicago, IL

PURPOSE: General Nonprofit Support

$100,705,810

PARKER INSTITUTE FOR CANCER IMMUNOTHERAPY

Org PageRecipient Profile

San Francisco, CA

PURPOSE: Health

$91,753,500

PHILADELPHIA ORCHESTRA ASSOCIATION

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: Arts & Culture

$55,000,000

San Francisco, CA

PURPOSE: Sciences

$30,000,000

PRESIDENT-BOARD OF TRUSTEES SANTA CLARA COLLEGE

Org PageRecipient Profile

Santa Clara, CA

PURPOSE: Education

$26,695,943

Falls Church, VA

PURPOSE: General Nonprofit Support

$26,340,169
View Grant Profile

Silicon Valley Community Foundation Grants Recieved

Over the last fiscal year, we have identified 22 grants that Silicon Valley Community Foundation has recieved totaling $5,513,199.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$3,023,745
Everlasting Private Foundation

Cupertino, CA

PURPOSE: GENERAL SUPPORT

$1,100,000
California Physicians Service Foundation

San Francisco, CA

PURPOSE: RAPID RESPONSE FUNDING ADDRESSING THE COVID-19 PUBLIC HEALTH CRISIS IN SUPPORT OF HEALTHY FAMILIES AND COMMUNITIES IN CALIFORNIA

$250,000
Tipping Point Community

San Francisco, CA

PURPOSE: CALIFORNIA BLACK FREEDOM FUND

$250,000
Elfenworks Foundation

San Mateo, CA

PURPOSE: GRANT

$149,099
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$125,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$225,791,539
Earnings$129,998,948
Admin Expense$5,921,636
Net Contributions$435,131
Other Expense$846,561
Grants$10,553,092
Ending Balance$338,904,329

Silicon Valley Community Foundation Peer Organizations

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