Elsewhere online
October 17, 2014

Booming Silicon Valley Foundation Extends Giving Reach

The San Francisco Chronicle looks at the history and growth of the Silicon Valley Community Foundation, the largest philanthropic entity of its kind in the country. Among other things, the article includes a profile of foundation CEO Emmett D. Carson and details its increasingly regional approach and work with growing immigrant communities in Northern California.

The foundation has received some of the biggest donations of recent years, including a nearly $1-billion stock gift from Facebook co-founder Mark Zuckerberg, and his wife, Priscilla Chan, in late 2013 and $500-million in GoPro shares from the camera maker's founders, Nicholas and Jill Woodman, earlier this month. It had assets of more than $4.7-billion in fiscal year 2013, up from $2.9-billion the previous year, and has a grant presence in about 80 countries, double the number a year earlier. It made $362-million in grants in 2013, most from donor-advised funds.

Read a Chronicle of Philanthropy article about how the Silicon Valley Community Foundation retooled to win over entrepreneurs and tech firms.