SVCF’s economic security grants help provide tax preparation services to area families

Tax preparation services

Silicon Valley Community Foundation works to address our region’s most challenging problems. Through our grants that focus on economic security initiatives, we support nonprofits and programs that help families make smart financial decisions and learn about saving and investing. Our aim is to help low- and moderate-income residents of San Mateo and Santa Clara counties get on a path to greater financial security. 

One way we’ve focused on boosting our community’s economic security is through grants to nonprofits that provide free income tax preparation services to low-income residents. Since 2009, our nonprofit partners have provided free income tax preparation to over 2,000 individuals!

This tax assistance especially helped individuals fully claim Earned Income Tax Credits. Our nonprofit partners provide free services in multiple languages to help eligible individuals and families complete the arduous filing process to claim Earned Income Tax Credits. In all, these services helped return more than $6.1 million back to the pockets of some of the region’s neediest residents. 

The Earned Income Tax Credit, in conjunction with the Child Tax Credit, have proven to be among the most important and effective anti-poverty programs in the U.S. by providing low- and moderate-income working families refunds that are critical for staying above the poverty line. 

Some of our nonprofit partners working on this initiative include: Tax Aid, Sacred Heart Community Service and Samaritan House

Additional tax preparation resources

SVCF is funding the United Ways of California’s "My Free Taxes" online platform that will help families find the most convenient tax site near their home or workplace. This year, users can book appointments online at many locations, to help reduce wait times and ensure more families are able to receive these critical services. Using technology to streamline the tax filing process is a priority for SVCF’s grantmaking. 

CalEITC4Me, a project SVCF helped fund through the Golden State Opportunity Foundation, provides a helpful Interactive Heat Map to provide insights as to where filing and eligible families may be living, including detailed information by zip code. This map can be used by nonprofits and service providers to identify where the highest needs are for free tax preparation and financial education services. 

 

Learn more about SVCF’s work to support economic security initiatives during the past 10 years through our Impact Report.