SVCF Awards $474 Million To Nonprofit Organizations In 2014
MOUNTAIN VIEW, Calif. - In partnership with its individual and corporate donors, Silicon Valley Community Foundation awarded a total of $474 million to charities in 2014, benefiting thousands of people and causes in the Bay Area, across the United States and around the world. SVCF made 12,800 grants in 2014, and administered another 52,700 matching gift grants on behalf of other companies.
SVCF received a record $1.96 billion in new gifts from individual and corporate donors in 2014, bringing its assets under management to approximately $6.5 billion. Those results demonstrate the tremendous generosity of Silicon Valley philanthropists and their desire to make a positive difference in their local communities and around the world.
Of SVCF’s overall grantmaking total, $216 million was awarded to nonprofits in the nine Bay Area counties, making SVCF the largest single grantmaker to local charities. The nonprofit organization – the nation’s largest community foundation – also continued its strong tradition of international grantmaking, awarding a total of $18 million to charities in 56 countries outside the U.S.
SVCF’s corporate donors continued to make a significant impact on the issues they care about most. Corporate advised funds accounted for more than 2,300 grants, totaling $35.6 million in awards to 49 countries outside the U.S.
“Our grantmaking activity in 2014 is just one example of the incredible generosity of individuals and corporations throughout the Bay Area,” said Emmett D. Carson, Ph.D., CEO. “We are proud of the confidence so many philanthropists place in us, whether they are supporting huge global causes or their favorite hometown charity.”
In 2014, SVCF expanded its role as a leader in local, national and international philanthropic efforts. We hosted Silicon Valley Gives, the region’s first-ever day of giving, which raised $8 million for more than 600 local charities and drew support from nearly 15,000 unique donors. We launched the Center for Early Learning, reinforcing SVCF’s commitment to Silicon Valley’s young children and their families. Research completed last year included the 2014 Silicon Valley Index, in partnership with Joint Venture Silicon Valley, and a report on human trafficking in Silicon Valley, completed in partnership with Juniper Networks Foundation Fund and Not For Sale. The first project of the Center for Early Learning was the Parent Story Project, a first-of-its-kind study on the well-being of Silicon Valley parents.
SVCF also was honored to co-host a historic meeting at the White House of representatives from more than 150 community foundations and government agencies. The event celebrated the 100th anniversary of community foundations while laying the groundwork for increased partnership between these vital local institutions and federal government.
SVCF played a role in a national philanthropic effort when the organization was selected to process and administer charitable funds donated during the Concert for Valor, a spectacular Veterans Day event on the National Mall in Washington, D.C.
On an international front, SVCF brought simplicity to global giving for those moved to help address the Ebola crisis in West Africa. Philanthropist and Microsoft co-founder Paul G. Allen selected SVCF to process and administer donations for his international Tackle Ebola fund.
SVCF has been ranked the 16th largest U.S. foundation by total giving, according to The Foundation Center, based on 2013 figures. And in 2014, SVCF ranked 8th on the Chronicle of Philanthropy’s top 400 nonprofits by fundraising.
About Silicon Valley Community Foundation
Silicon Valley Community Foundation makes all forms of philanthropy more powerful. We serve as a catalyst and leader for innovative solutions to our region’s most challenging problems, and through our donors we award more money to charities than any other community foundation in the United States. SVCF has $6.5 billion in assets under management. As Silicon Valley’s center of philanthropy, we provide thousands of individuals, families and corporations with simple and effective ways to give locally and around the world. Find out more at http://www.siliconvalleycf.org.