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March 10, 2016

Restructuring Puts United Way Silicon Valley Grants on Hold

Undergoing a restructuring that could see it merge with a neighboring charity, United Way Silicon Valley will stop making grants later this year, dealing a blow to nonprofits serving low-income residents in the region, the San Jose Mercury News reports. Grants totaling $1.6 million to some two dozen Santa Clara County, Calif., nonprofits won't be renewed when the current three-year cycle ends June 30.

With revenue suffering from a decline in workplace giving, the Silicon Valley chapter is mulling a union with United Way of the Bay Area in San Francisco, according to the Mercury News. Sandra Miley, interim CEO of the Silicon Valley group, said it will not make new grants "while we are in the middle of restructuring our organization" and is exploring a "formal partnership" that could include a merger or strategic alliance with another entity.