EIN 20-5205488

Silicon Valley Community Foundation (SVCF)

IRS 501(c) type
501(c)(3)
Num. employees
128
Year formed
2006
Most recent tax filings
2021-12-01
NTEE code, primary
Description
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.
Total revenues
$5,613,435,516
2021
Total expenses
$2,701,939,929
2021
Total assets
$14,508,335,755
2021
Num. employees
128
2021

Program areas at SVCF

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.

Grants made by SVCF

GranteeGrant descriptionAmount
Fidelity Investments Charitable Gift FundGeneral Nonprofit Support$229,480,927
Parker Institute for Cancer ImmunotherapyHealth$150,500,000
New Venture FundGeneral Nonprofit Support$119,192,500
...and 970 more grants made totalling $2,291,412,255

Who funds Silicon Valley Community Foundation (SVCF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Goldman Sachs Philanthropy Fund (GSPF)Community & Human Services$430,025,000
National Philanthropic TrustPublic, Societal Benefit$302,143,931
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$36,430,770
...and 125 more grants received totalling $882,165,279

Personnel at SVCF

NameTitleCompensation
Jen LovingChief Executive Officer
Nicole TaylorPresident and Chief Executive Officer$996,341
Ray BramsonChief Operations Officer
Therese WilsonExecutive Vice President and Chief of Staff$387,193
Chanthi LuneGeneral Counsel and Senior Vice President , Operations$322,840
...and 56 more key personnel

Financials for SVCF

RevenuesFYE 12/2021
Total grants, contributions, etc.$3,979,452,881
Program services$2,734,842
Investment income and dividends$54,250,142
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,576,997,651
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,613,435,516

Form 990s for SVCF

Fiscal year endingDate received by IRSFormPDF link
2020-122021-11-15990View PDF
2019-122021-03-31990View PDF
2018-122020-01-17990View PDF
2017-122019-03-15990View PDF
2016-122018-01-18990View PDF
...and 7 more Form 990s

Organizations like SVCF

OrganizationLocationRevenue
The Chicago Community TrustChicago, IL$2,005,272,891
The Pauley Family FoundationRichmond, VA$1,899,350,410
Fidelity Investments Charitable Gift FundBoston, MA$19,858,151,933
Schwab Charitable FundSan Francisco, CA$10,074,660,178
Vanguard Charitable Endowment ProgramSoutheastern, PA$3,094,926,210
National Philanthropic TrustJenkintown, PA$14,381,775,406
Renaissance Charitable FoundationIndianapolis, IN$1,643,145,757
American Online Giving FoundationNewark, DE$1,823,580,082
Morgan Stanley Global Impact Funding TrustIndianapolis, IN$2,993,172,517
Open Society FoundationsNew York, NY$2,059,390,609
Data update history
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 22, 2023
Used new vendors
Identified 7 new vendors, including , , , , , , and
May 7, 2023
Received grants
Identified 3 new grant, including a grant for $2,461,648 from Starhill Associates
November 23, 2022
Updated personnel
Identified 23 new personnel
August 3, 2022
Received grants
Identified 26 new grant, including a grant for $4,322,678 from Foundational Questions Institute
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Political advocacyOperates donor advised fundsProvides grantsLobbyingOperates internationallyReceives government fundingEndowed supportAuction fundraisersTax deductible donations
General information
Address
2440 West El Camino Real 300
Mountain View, CA 94040
Metro area
San Jose-Sunnyvale-Santa Clara, CA
County
Santa Clara County, CA
Website URL
siliconvalleycf.org/ 
Phone
(650) 450-5400
Facebook page
siliconvalleycf 
Twitter profile
@siliconvalleycf 
IRS details
EIN
20-5205488
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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