Welcome to our
This report draws on our audited financial results to demonstrate our financial health, as well as our commitments to responsible stewardship, transparency and public accountability regarding our financial operations.
In 10 years, SVCF has grown to become the world’s largest community foundation.
donated to local, national & global charities since 2007
donated to charities in 2016 alone
including the U.S., served by SVCF in 2016 alone
Because we work with innovative people in Silicon Valley, innovative people from across the country are drawn to partner with us. Hear from our leaders about our accomplishments over the past ten years and their vision for the future.
Emmett Carson, Ph.D.
CEO & President
COO & CFO
Chief Donor Experience and Engagement Officer
We know donors have options when it comes to charitable giving. So we thank our donors — with your generosity, you support your charitable interests, and you also allow Silicon Valley Community Foundation to do important community work that otherwise would not get done.
10 Years of Impact
SVCF’s assets under management grew to $8.2 billion in 2016. We are proud to work with more than 2,000 individuals, families and companies. Our growth is a testament to our donors’ commitment to philanthropy and to our own adherence to a strategic investment philosophy.
largest share of total assets
for advised funds in 2016
10 year span
|Fund balance||Number of funds||Average payout rate||Percentage of funds making grants in 2016|
|$25k - $100k||263||69.1%||70%|
|$100k - $1M||322||26.6%||77%|
Includes donor advised and committee advised funds. Excludes corporate advised, memorial and employee engagement funds. Excludes funds with zero balance. Payout figures represent the average of the calculated payout ratios for each fund. Payout ratios were calculated by dividing total grants authorized by each fund during the calendar year by each fund’s average balance for the year.
With the Individually Managed Fund program at Silicon Valley Community Foundation, donors can continue to receive investment management expertise from advisors they have built relationships with while enjoying the world-class donor services of Silicon Valley’s center of philanthropy.
Senior Vice President, Investments
3-, 5- and 7- year returns for our four main investment pools
3 year returns
5 year returns
7 year returns
Social Impact Pool
Long-Term Growth Pool
As of December 31, 2016. Performance is net of investment expenses. Returns are annualized for periods greater than one year. Benchmarks are a blend of MSCI All Country World Index (equity) and Barclays Capital Aggregate Bond Index (fixed income) in the ratios indicated.
7-year annualized returns surpass peers
Source: Russell/Mellon Endowment & Foundation Survey, 12/31/16. 67 participants with assets over $500 million.
Number of dollars SVCF and its supporting organizations steward in impact investments
We made a record $1.3 billion in grants in 2016, up 57% from the year before. This includes grants from all sources – including from SVCF’s discretionary grantmaking strategies and from funds established by individuals, families and corporations.
We thank the Sand Hill Endowment, established by the late philanthropist Tom Ford, and the many members of our Legacy Society who have chosen to make gifts to SVCF’s endowment that will benefit Silicon Valley in perpetuity.
SVCF is the biggest giver to Bay Area causes.
for causes in nine Bay Area counties.
in grants throughout the United States (excluding Bay Area).
in international grants.
Percentage of grants that went to each cause area
Total of $19.2 million in community support in 2016
Discretionary grants and disbursements are from funds directed by SVCF staff and board. Non-discretionary grants are from funds advised by SVCF fund holders and supporting organizations, including from donor advised, committee advised and corporate advised funds.
Total gifts yearly, 2007 through 2016 (10 years, as in Foundation Center report)
SVCF has seen charitable gift annuities (CGAs) become a more popular choice among donors because they provide future income to donors and/or their loved ones for life, in addition to providing support for organizations that are meaningful to the donors. With a CGA, in exchange for an irrevocable gift to Silicon Valley Community Foundation, SVCF pays a guaranteed, fixed dollar amount to donors and/or their designated family member or friend for life. Donors receive a charitable deduction for a portion of the gift at the time it is established, and a portion of the gift annuity income may also be income-tax-free.
Annual Revenue, 2012-2016