Silicon Valley Bank Foundation
- Assets
- $12.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 77-0414630
Organization Overview
Silicon Valley Bank Foundation is located in Raleigh, NC. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Bank 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 12/2022, Silicon Valley Bank Foundation generated $2.1m in total revenue. All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 40.4% per year over the past 8 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 2015, Silicon Valley Bank Foundation has awarded 849 individual grants totaling $29,936,857. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Hori President/chair | 2.5 | $0 | |
Alicia Koht-Phipps Treasurer/cfo | 3 | $0 | |
Ann Fong Secretary | 3 | $0 | |
Ajay Kattel Audit Committe Chairperson | 2.5 | $0 | |
Andrew Moiseyev Admin Assistant | 2 | $0 | |
Carrie Merritt Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,126 |
| Interest on Savings | $141,377 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,141,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,834 |
| Contributions, gifts, grants paid | $3,002,960 |
| Total expenses and disbursements | $3,018,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,110,638 |
| Net Accounts receivable | $460,500 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,571,138 |
| Accounts payable and accrued expenses | $7,300 |
| Grants payable | $692,960 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $700,260 |
Grants Awarded
Over the last fiscal year, Silicon Valley Bank Foundation has awarded $13,010,206 in support to 217 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: TO SUPPORT FOOD SECURITY IN THE COMMUNITY AND TO DISTRIBUTE TO UNSHELTERED INDIVIDUALS AND FAMILIES IN NEED | $25,000 |
ADLER PLANTARIUM FBO ZOONIVERSE PURPOSE: SCIENCE & TECHNOLOGY; ASTROLOGY | $22,200 |
ALIENTO PURPOSE: TO SERVE UNDOCUMENTED, DACA, AND MIXED IMMIGRATION STATUS FAMILIES TO TRANSFORM TRAUMA INTO HOPE AND ACTION | $10,000 |
ANN & ROBERT H LURIE CHILDRENS HOSPITAL OF CHICAGO FOUNDATION PURPOSE: TO OPTIMIZE PHILANTHROPY IN SUPPORT OF THE MISSION AND FUTURE OF THE CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER | $25,000 |
ARIZONA HUMANITIES COUNCIL PURPOSE: TO BUILD A JUST AND CIVIL SOCIETY BY CREATING OPPORTUNITIES FOR THE PUBLIC TO EXPLORE OUR SHARED HUMAN EXPERIENCES THROUGH DISCUSSION, LEARNING, AND REFLECTION | $10,000 |
ARIZONA SUSTAINABILITY ALLIANCE PURPOSE: TO CREATE AND SUPPORT CUTTING-EDGE, PROJECT-BASED SUSTAINABILITY SOLUTIONS IN ARIZONA | $10,000 |