Silicon Valley Community Foundation

Analysis

Silicon Valley Community Foundation is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Silicon Valley Community Foundation reported income of $1.60bn and spending of $5.16bn, spending 323% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.71bn to $1.60bn (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Silicon Valley Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include The Chicago Community Trust ($1.54bn), American Online Giving Foundation Inc ($1.76bn) and Renaissance Charitable Foundation Inc ($1.46bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $3.6m (0.1% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $10.36bn against liabilities of $2.10bn, net assets of $8.26bn. It reported 129 employees.