Foundation awards $182 million in grants


The Silicon Valley Community Foundation announced Monday that it awarded $182 million in grants in 2007, its first full year of existence.

The foundation administered an additional $60 million worth of grants from corporate, nonprofit and supporting organization funds for a 2007 total of $242 million in awarded grants.

"This is an exceptional first-year milestone for us and confirms our commitment to meeting community needs," foundation CEO Emmett Carson said. "Many donors have invested their philanthropic dollars to support the common good of our communities and it is our responsibility to identify and better meet the challenges in San Mateo and Santa Clara counties, the nation and the world."

The largest share of the grants, $174 million, was made through the more than 1,500 donor advised funds.

The foundation is the result of the 2006 merger of the former Community Foundation Silicon Valley and the Peninsula Community Foundation. Since the merger took effect the combined foundation has continued to make grants to local nonprofit organizations based of the guidelines established by the two original foundations. The foundation is scheduled to announce a new grant-making structure later this year.

— Bay City News Service

What is democracy worth to you?
Support local journalism.


Sorry, but further commenting on this topic has been closed.

All your news. All in one place. Every day.

After 39 years of cakes and pastries, Palo Alto institution Prolific Oven to close
By Elena Kadvany | 50 comments | 14,653 views

What is your climate personality?
By Sherry Listgarten | 28 comments | 1,724 views

Eat Your Values – August 15
By Laura Stec | 1 comment | 1,192 views

The Regional Housing Needs Allocation (RHNA) Process Explained
By Steve Levy | 1 comment | 991 views

Do something about assault weapons, now!
By Diana Diamond | 30 comments | 947 views


Early Bird rates end Sunday!

‚ÄčOn Friday, October 11, join us at the Palo Alto Baylands for a 5K walk, 5K run, 10K run or half marathon! All proceeds benefit local nonprofits serving children and families. Early Bird prices end Sun., Aug 18.

Register now