Silicon Valley Community Foundation
- Assets
- $14.5b
- Revenue
- $5.6b
- Investments
- $5.8b
- Employees
- 137
- 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 12/2023, Silicon Valley Community Foundation employed 137 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 29,334 individual grants totaling $14,601,722,971. 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 SVCF'S COMMUNITY ACTION GRANTS PROGRAM FUNDS LOCAL ORGANIZATIONS LED BY PEOPLE OF COLOR AND ALLIED ORGANIZATIONS. IN 2022, COMMUNITY ACTION GRANTS TOTALING MORE THAN $3.2 MILLION WERE AWARDED TO 120 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 SUPPORTING NONPROFITS SERVING PEOPLE OF COLOR, PEOPLE WITH LOW INCOME, AND IMMIGRANTS, AMONG OTHERS. OUR PROGRAMS INCLUDE 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. ENCOURAGING GENERAL OPERATING SUPPORT FOR NONPROFITS TO HELP PROVIDE NONPROFIT ORGANIZATIONS WITH THE SUPPORT THEY NEED TO IMPLEMENT SOLUTIONS TO THEIR COMMUNITIES' CHALLENGES AS THEY DEEM MOST EFFECTIVE, SVCF ENCOURAGES ITS DONORS TO RECOMMEND GRANTS THAT ARE FOR GENERAL OPERATING SUPPORT RATHER THAN FOR SPECIFIC PROGRAMS OR OUTCOMES. IN 2022, SVCF DISTRIBUTED MORE THAN $369 MILLION IN GENERAL NONPROFIT OPERATING SUPPORT GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 40 | $1,010,598 |
Name Not Listed Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iconiq Capital Llc Investment Management | 12/30/22 | $2,002,806 |
Cambridge Associates Investment Management | 12/30/22 | $1,162,500 |
Bny Mellon Investment Management | 12/30/22 | $838,495 |
Slalom Llc Consulting Services | 12/30/22 | $804,435 |
Navisite Inc Data Services & Web Hosting | 12/30/22 | $328,278 |
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 $2,055,660,472 in support to 3,580 organizations.
| Grant Recipient | Amount |
|---|---|
13THTRIBEORG PURPOSE: Human Services | $10,000 |
10000 DEGREES PURPOSE: Youth Development | $80,500 |
19TH NEWS PURPOSE: Other | $300,000 |
2ND CALL PURPOSE: Education | $25,000 |
1DAY SOONER INC PURPOSE: Civil Participation | $75,000 |
3 STRANDS GLOBAL INC PURPOSE: Civil Participation | $10,000 |