A tax-wise alternative to a private foundation, supporting organizations allow you to hire staff and convene a board. They are far less restrictive than private foundations and the community foundation handles all of the administrative oversight including the IRS-mandated tax returns and annual audits.
Supporting organizations are individual 501(c)(3) public charities under Section 509(a)(3) of the tax code. Although they have their own tax ID number and your donations receive the maximum level of tax deductions (as with a donor advised fund) each supporting organization is covered under the umbrella of SVCF and its grants and activities must fulfill and support the charitable purposes of SVCF.
The donor and SVCF work together to appoint a board. A majority of its members must be appointed by SVCF because of its role as the “supported organization.” The board controls the investment strategy and may also select managers.
Our expert staff is always available to help your supporting organization meet its grantmaking and philanthropic goals. We can help define strategy, engage extended family, assess the effectiveness of grantees and more. Supporting organizations may make international grants and are allowed to continue for generations.
The cost to set up a supporting organization is several thousand dollars for legal fees and it can take several months to set up.
SVCF has over a dozen supporting organizations including the following:
|Supporting and Affiliated Organizations||Mission|
|William H. Cilker Family Foundation||Supports causes that promote a healthy, caring community|
|Destination: Home SV||Serves as the backbone organization for collective impact strategies to end homelessness in Santa Clara County.|
|Driscoll Family Foundation||Supports causes that promote education, ocean ecology and animal welfare|
|The Dirk and Charlene Kabcenell Foundation||Helps build robust and sustainable communities by investing in people and conserving natural resources|
|Chong-Moon Lee Foundation||Supports causes that promote cross-cultural understanding between Asia and the U.S. with specific emphasis on art, education, social and youth programs and activities|
|Bernard A. Newcomb Foundation||Supports organizations that focus on supporting families, building community, and vision-related research and technology; an overarching goal is to improve access and quality of life for individuals with disabilities|
|The Skoll Fund||Advances systemic change to benefit communities around the world by investing in, connecting and celebrating social entrepreneurs|
|Sobrato Foundation||Supports nonprofits and operates the Sobrato Center for Nonprofits|
|Peter and Nora Stent Family Foundation||Supports the charitable purpose of SVCF|
|Raising A Reader||Fosters healthy brain development, parent-child bonding and early literacy skills critical for school success by engaging parents in a routine of daily 'book cuddling' with their children from birth to age five|
|The Real Estate Trust||Supports SVCF by facilitating gifts of real estate|
|Reddere Foundation||Supports excellence in education through programs that increase teacher effectiveness, focused on the unique challenges of public education in Silicon Valley; also supports nonprofit organizations that strengthen the community, improve health and welfare, protect the environment and enrich lives through education|
|Resonance House||Empowers children and teens facing serious health challenges to overcome the emotional burden of their illness or disability by helping them access their own inner strength through journal writing|