Silicon Valley Community Foundation
- Assets
- $14.5b
- Revenue
- $5.6b
- Investments
- $5.8b
- Employees
- 128
- Location
- Mountain View, CA
- Founding
- 10/2006
- Data as of
- 12/2021
- 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 12/2021, 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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iconiq Capital Llc Investment Management | 12/30/21 | $1,928,772 |
Cambridge Associates Investment Management | 12/30/21 | $675,000 |
Navisite Inc Data Services & Web Hosting | 12/30/21 | $300,413 |
Moss Adams Llp Audit Services | 12/30/21 | $233,761 |
Bny Mellon Investment Management | 12/30/21 | $586,222 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,426,143,911 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $183,933,137 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,068,198 |
| Compensation of current officers, directors, key employees. | $1,151,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,886,013 |
| Pension plan accruals and contributions | $363,183 |
| Other employee benefits | $1,216,158 |
| Payroll taxes | $814,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $377,759 |
| Fees for services: Accounting | $414,506 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,434,808 |
| Fees for services: Other | $4,044,221 |
| Advertising and promotion | $1,637,608 |
| Office expenses | $76,794 |
| Information technology | $2,860,973 |
| Royalties | $0 |
| Occupancy | $3,458,622 |
| Travel | $252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609,486 |
| Insurance | $355,844 |
| All other expenses | $580,907 |
| Total functional expenses | $2,701,939,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,000 |
| Savings and temporary cash investments | $301,801,155 |
| Pledges and grants receivable | $9,215,546 |
| Accounts receivable, net | $454,012 |
| Loans from Officers, Directors, or Controlling Persons | $438,552 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,673 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $606,431 |
| Net Land, buildings, and equipment | $5,566,473 |
| Investments—publicly traded securities | $8,328,897,303 |
| Investments—other securities | $5,848,790,467 |
| Investments—program-related | $10,021,723 |
| Intangible assets | $0 |
| Other assets | $2,536,420 |
| Total assets | $14,508,335,755 |
| Accounts payable and accrued expenses | $2,112,700 |
| Grants payable | $770,974,964 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $87,582,162 |
| 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 | $21,991,844 |
| Total liabilities | $882,661,670 |
| Net assets without donor restrictions | $13,253,949,064 |
| Net assets with donor restrictions | $371,725,021 |
| 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 | $14,508,335,755 |
Grants Awarded
Over the last fiscal year, Silicon Valley Community Foundation has awarded $2,412,842,326 in support to 3,504 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: General Nonprofit Support | $229,480,927 |
San Francisco, CA PURPOSE: Health | $150,500,000 |
Washington, DC PURPOSE: General Nonprofit Support | $119,192,500 |
Kansas City, MO PURPOSE: General Nonprofit Support | $107,901,172 |
New York, NY PURPOSE: General Nonprofit Support | $50,515,232 |
New York, NY PURPOSE: Human Services | $50,353,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silicon Valley Community Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Elkind Family Foundation Palo Alto, CA PURPOSE: B25CONT:EDUCATIONAL | $1,000 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Community Foundation Portland, OR | $3,083,541,362 | $417,266,834 |
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
East Bay Community Foundation Oakland, CA | $785,752,885 | $390,383,292 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |