SVCF is a community foundation based in Mountain View, CA that was founded in 2006. As of 2019 they had $2.9 billion in revenue and $8.0 billion in assets.
Silicon Valley Community Foundation is a comprehensive center of philanthropy. Through visionary leadership, strategic grantmaking and world-class experiences, they partner with donors to strengthen the common good locally and throughout the world.
Silicon Valley Community Foundation (SVCF) makes grants to other organizations, such as $451,635,863 to Schwab Charitable Fund for "General Nonprofit Support"; $49,587,432 to Flying Heritage and Combat Armor Museum for "Arts & Culture"; $47,387,099 to Fidelity Investments Charitable Gift Fund for "General Nonprofit Support"; $38,000,000 to Charter School Growth Fund (CSGF) for "Education"; and $36,802,916 to Santa Clara University (SCU) for "Education".
EIN:
20-5205488
City:
State:
Metro:
Website:
Phone:
650-450-5400
Facebook:
Twitter:
Founded:
2006
Type:
501(c)(3)
NTEE:
Revenue:
$2,918,419,538
Assets:
$8,046,442,203
Employees:
232
Fiscal year end:
December
Form 990s for SVCF
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Jan 17, 2020 | 990 | View PDF |
| 2017-12 | Mar 15, 2019 | 990 | View PDF |
| 2016-12 | Jan 18, 2018 | 990 | View PDF |
| 2015-12 | Apr 7, 2017 | 990 | View PDF |
| 2014-12 | Feb 16, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for SVCF
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $1,332,403 | $1,315,446 | 1.3% |
| Related organizations | $213,827,095 | $250,649,266 | -14.7% |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $1,801,045,198 | $1,210,544,919 | 48.8% |
| <em>Non-cash contributions included in above</em> | $896,061,707 | $584,816,939 | 53.2% |
| Total grants, contributions, etc. | $2,016,204,696 | $1,462,509,631 | 37.9% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $2,016,204,696 | $1,462,509,631 | 37.9% |
| Program services | $3,098,574 | $3,068,812 | 1.0% |
| Investment income and dividends | $127,982,740 | $92,768,084 | 38.0% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $3,331 | $3,951 | -15.7% |
| Net gain from sale of non-inventory assets | $771,597,458 | $859,830,923 | -10.3% |
| Net income from fundraising events | $-573,741 | $-285,112 | -101.2% |
| Net income from gaming activities | $106,480 | $115,170 | -7.5% |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $2,918,419,538 | $2,418,011,459 | 20.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $1,829,191,064 | $1,731,333,075 | 5.7% |
| Grants to individuals in USA | $116,774 | $0 | 999% |
| Grants to govts., orgs., and individuals outside USA | $65,665,796 | $95,051,703 | -30.9% |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $2,642,130 | $2,242,916 | 17.8% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $13,310,903 | $12,185,927 | 9.2% |
| Pension/retirement accruals and contributions | $409,095 | $501,921 | -18.5% |
| Other employee benefits | $2,083,761 | $1,740,562 | 19.7% |
| Payroll taxes | $1,140,347 | $1,128,553 | 1.0% |
| Management fees | $76,127 | $4,160 | 1730.0% |
| Legal fees | $1,665,210 | $479,348 | 247.4% |
| Accounting fees | $352,956 | $336,699 | 4.8% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $38,184,282 | $28,630,277 | 33.4% |
| Other fee-for-service | $7,470,262 | $9,948,262 | -24.9% |
| Advertising and promotion | $1,820,862 | $1,825,991 | -0.3% |
| Office expenses | $282,444 | $318,454 | -11.3% |
| Information tech. expenses | $1,565,294 | $1,588,415 | -1.5% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $3,287,618 | $2,837,459 | 15.9% |
| Travel | $63,559 | $52,353 | 21.4% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $2,495,144 | $3,238,974 | -23.0% |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $62,688 | $771,238 | -91.9% |
| Insurance | $290,679 | $317,660 | -8.5% |
| All other expenses | $961,341 | $709,186 | 35.6% |
| Total expenses | $1,973,062,209 | $1,895,238,973 | 4.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $0 | $0 | |
| Savings, short-term investments, etc. | $152,684,798 | $64,807,077 | 135.6% |
| Pledges and grants receivable | $10,071,958 | $18,468,570 | -45.5% |
| Accounts receivable | $368,074 | $365,099 | 0.8% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $1,149,504 | $1,330,196 | -13.6% |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $322,703 | $341,329 | -5.5% |
| Buildings, equipment, etc. post-depreciation | $1,199,670 | $1,070,003 | 12.1% |
| Investments, publicly traded securities | $6,631,562,094 | $6,651,960,615 | -0.3% |
| Investments, other securities | $1,246,947,628 | $5,822,664,604 | -78.6% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $2,135,774 | $2,902,469 | -26.4% |
| Total assets | $8,046,442,203 | $12,563,909,962 | -36.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $3,000,253 | $5,343,503 | -43.9% |
| Grants payable | $580,268,790 | $705,686,554 | -17.8% |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $131,345,508 | $151,527,995 | -13.3% |
| Total liabilities | $714,614,551 | $862,558,052 | -17.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $7,146,208,072 | $11,528,047,617 | -38.0% |
| Temporarily restricted net assets | $76,803,064 | $68,130,691 | 12.7% |
| Permanently restricted net assets | $108,816,516 | $105,173,602 | 3.5% |
Vendors for SVCF
| Vendor | Services | Amount paid | Date |
|---|
| Drupal | Content management system software | | 2020-06-15 |
| █████ | Fundraising software | | 2020-06-15 |
| █████████ | Fundraising software; CRM software; Marketing software | | 2019-09-16 |
| █████████ ████████ | Software | | 2019-09-16 |
| ████ █████ ███ | Tax accounting; Audit accounting | | 2018-11-14 |
| ████ ██████ ██ ██████████ | Insurance | | 2017-12-31 |
| ████████████ ████ █████████ ███████ | Insurance | | 2017-12-31 |
| ██████ ███████ ████ | Insurance | | 2017-12-31 |
| ...and 10 more vendors |
Personnel at SVCF
| Name | Title | Compensation | Most recent data |
|---|
| Jen Loving | Chief Executive Officer | - | Aug. 17, 2020 |
| Michelle Torgerson | President and Chief Executive Officer | - | Aug. 17, 2020 |
| ███ ███████ | Chief Operations Officer | - | Aug. 17, 2020 |
| ███████ ██████ | Executive Vice President, Chief of Staff | - | Aug. 17, 2020 |
| ████ ██████████ | Chief Donor Experience and Engagement Officer | - | Sept. 1, 2019 |
| ███ █████ | Executive Vice President, Finance and Operations | - | Aug. 17, 2020 |
| ████ █████ | Interim Executive Vice President, Finance and Operations | - | July 17, 2019 |
| ████ █████ | Senior Vice President, Investments | $211,365 | July 17, 2019 |
| █████ ████████ | Senior Vice President, Finance | - | Aug. 17, 2020 |
| ████ ██ █████ | Executive Vice President, Community Action, Policy and Strategy | - | Aug. 17, 2020 |
| ...and 52 more key personnel |
Peer community foundations
| | Name | Type | Revenue | Location |
|---|
| 1 | Paulson Family Foundation | 501(c)(3) | $1.1 billion | New York, NY |
| 2 | Chan Zuckerberg Foundation | 501(c)(3) | $2.3 billion | Palo Alto, CA |
| 3 | Jewish Communal Fund | 501(c)(3) | $822 million | New York, NY |
| 4 | Lilly Cares Foundation | 501(c)(3) | $827 million | Indianapolis, IN |
| 5 | Bristol-Myers Squibb Patient Assistance Foundation (BMSPAF) | 501(c)(3) | $1.0 billion | Lawrenceville, NJ |
| 6 | Novartis Patient Assistance Foundation (NPAF) | 501(c)(3) | $1.3 billion | East Hanover, NJ |
| 7 | Sunderland Foundation | 501(c)(3) | $1.5 billion | Leawood, KS |
| 8 | Fidelity Investments Charitable Gift Fund | 501(c)(3) | $9.9 billion | Boston, MA |
| 9 | Merck Patient Assistance Program | 501(c)(3) | $1.2 billion | Kenilworth, NJ |
| 10 | Johnson and Johnson Patient Assistance Foundation | 501(c)(3) | $1.7 billion | New Brunswick, NJ |
| 11 | AbbVie Patient Assistance Foundation | 501(c)(3) | $1.0 billion | North Chicago, IL |
| 12 | A Good Name Foundation | 501(c)(3) | $770 million | Atlanta, GA |
| 13 | Knight Foundation Attn Lisa Mckillips | 501(c)(3) | $2.8 billion | Beaverton, OR |
| 14 | Bill and Melinda Gates Foundation Trust (BMGF) | 501(c)(3) | $4.0 billion | Seattle, WA |
| 15 | Pfizer Patient Assistance Foundation | 501(c)(3) | $1.1 billion | New York, NY |
| 16 | The Signatry | 501(c)(3) | $1.0 billion | Overland Park, KS |
| 17 | Amgen Safety Net Foundation | 501(c)(3) | $1.1 billion | Thousand Oaks, CA |
| 18 | Schwab Charitable Fund | 501(c)(3) | $4.5 billion | San Francisco, CA |
| 19 | Direct Relief | 501(c)(3) | $1.4 billion | Santa Barbara, CA |
| 20 | Health Share of Oregon | 501(c)(3) | $2.0 billion | Portland, OR |
| 21 | Morgan Stanley Global Impact Funding Trust | 501(c)(3) | $751 million | Indianapolis, IN |
| 22 | Goldman Sachs Philanthropy Fund (GSPF) | 501(c)(3) | $3.7 billion | New York, NY |
| 23 | Gothic Corporation | 501(c)(3) | $2.0 billion | Durham, NC |
| 24 | Open Society Foundations | 501(c)(3) | $878 million | New York, NY |
| 25 | Harvard Private Capital Holdings (HMC) | 501(c)(3) | $895 million | Boston, MA |