Silicon Valley Community Foundation
- Assets
- $9.3b
- Revenue
- $1.7b
- Investments
- $2.3b
- Employees
- 283
- Location
- Mountain View, CA
- Founding
- 10/2006
- Data as of
- 12/2019
- EIN
- 20-5205488
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 12/2019, 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.
Form
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/chief Executive Director Of Destination Home | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Slc Management Investment Management | 12/30/19 | $1,112,391 |
Cerberus Icq Offshore Loan Opportunity Fund Investment Management | 12/30/19 | $1,202,293 |
Baker Brothers Investment Management | 12/30/19 | $1,720,158 |
Parametric S&p 500 Strategy Investment Management | 12/30/19 | $1,100,822 |
Iconiq Investment Management | 12/30/19 | $17,398,220 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,315,533,420 |
| Grants and other assistance to domestic individuals. | $1,601,746 |
| Grants and other assistance to Foreign Orgs/Individuals | $82,617,203 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,618,740 |
| Compensation of current officers, directors, key employees. | $1,060,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,342,683 |
| Pension plan accruals and contributions | $567,288 |
| Other employee benefits | $1,760,620 |
| Payroll taxes | $1,165,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $333,662 |
| Fees for services: Accounting | $332,139 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,795,088 |
| Fees for services: Other | $6,339,638 |
| Advertising and promotion | $1,672,983 |
| Office expenses | $275,862 |
| Information technology | $1,394,692 |
| Royalties | $0 |
| Occupancy | $3,420,651 |
| Travel | $41,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $536,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,150 |
| Insurance | $310,273 |
| All other expenses | $37,920 |
| Total functional expenses | $1,476,910,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,358,648 |
| Pledges and grants receivable | $2,842,560 |
| Accounts receivable, net | $482,517 |
| Loans from Officers, Directors, or Controlling Persons | $515,412 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $350,204 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $269,897 |
| Net Land, buildings, and equipment | $1,113,347 |
| Investments—publicly traded securities | $6,819,379,886 |
| Investments—other securities | $2,333,503,861 |
| Investments—program-related | $8,391,261 |
| Intangible assets | $0 |
| Other assets | $2,363,277 |
| Total assets | $9,264,570,870 |
| Accounts payable and accrued expenses | $3,066,501 |
| Grants payable | $606,165,572 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $118,190,288 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,324,260 |
| Total liabilities | $745,746,621 |
| Net assets without donor restrictions | $8,233,422,201 |
| Net assets with donor restrictions | $285,402,048 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,264,570,870 |
Grants Awarded
Over the last fiscal year, Silicon Valley Community Foundation has awarded $1,310,515,348 in support to 3,109 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: General Nonprofit Support | $100,705,810 |
San Francisco, CA PURPOSE: Health | $91,753,500 |
Philadelphia, PA PURPOSE: Arts & Culture | $55,000,000 |
San Francisco, CA PURPOSE: Sciences | $30,000,000 |
Santa Clara, CA PURPOSE: Education | $26,695,943 |
Falls Church, VA PURPOSE: General Nonprofit Support | $26,340,169 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Silicon Valley Community Foundation has recieved totaling $5,513,199.
| Awarding Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
Oregon Community Foundation Portland, OR | $2,274,086,320 | $232,236,926 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
Orange County Community Foundation Newport Beach, CA | $365,423,567 | $141,757,091 |
The San Diego Foundation San Diego, CA | $1,065,212,876 | $147,340,158 |
East Bay Community Foundation Oakland, CA | $594,786,047 | $456,879,431 |
Arizona Community Foundation Phoenix, AZ | $711,496,623 | $106,808,500 |
Hawaii Community Foundation Honolulu, HI | $698,916,314 | $96,096,508 |
Mayors Fund For Los Angeles Los Angeles, CA | $19,032,406 | $59,026,330 |
Santa Barbara Foundation Santa Barbara, CA | $392,665,597 | $29,668,906 |
North Valley Community Foundation Chico, CA | $73,552,900 | $23,908,330 |
Community Foundation For Monterey County Monterey, CA | $291,001,254 | $36,184,059 |