Presentation on theme: "Primer on Silicon Valley Community Foundation Thrive Presentation May 22, 2014 Emmett D. Carson, Ph.D."— Presentation transcript:
Primer on Silicon Valley Community Foundation Thrive Presentation May 22, 2014 Emmett D. Carson, Ph.D.
2 On January 1, 2007 - Eight Years Ago - Peninsula Community Foundation and Community Foundation Silicon Valley Merged
Mission Silicon Valley Community Foundation is a comprehensive center of philanthropy. Through visionary leadership, strategic grantmaking and world-class experiences, we partner with donors to strengthen the common good locally and throughout the world. 3
Silicon Valley Community Foundation Today We are the largest community foundation and the 12 th largest foundation of any type in the U.S. Our donors grant more money to Bay Area nonprofits than any other foundation. We have successfully advocated and lobbied for new state laws, e.g., food stamps for homeless teens and removal of finger printing for food stamp participation. We are the 15 th largest international grantmaker in the U.S. and the largest among community foundations. 4
Community Foundations are Different from Private Foundations 5 1.SVCF can lobby in support or opposition to legislation. 2.Rather than a single endowment, SVCF has hundreds of individual donor advised funds that recommend grants to nonprofit organizations of their choice. 3.Some donors, typically through bequests, have provided SVCF with discretionary funds that we allocate.
Number of Advised Funds by Fund Balance as of 12/13/13 6
2013 Grants 7 Total Grants: $367m 9 County Bay Area: $198m US (Non-California): $122m California (Non-Bay Area): $34m International: $13m
2013 Community Discretionary Grants 9 SVCF Discretionary Endowment Assets:$162.8m Available Discretionary Grantmaking:$8.3m San Mateo County:$4.4m Santa Clara County:$3.9m
5 Grantmaking Strategies 1.Creating a better financial future for low-income families 2.Creating great communities in Silicon Valley 3.Making a difference for immigrants in Silicon Valley 4.Closing the middle school achievement gap in mathematics 5.Community Opportunity Fund: Supporting time-sensitive community issues 10