Silicon Valley Community Foundation
Silicon Valley Community Foundation (SVCF) connects people, ideas and resources to ensure equity and opportunity for all.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$4.9B
Total Expenses
$3.4B
Net Assets
$10.5B
Employees
110
Volunteers
45
Grants Paid
$3.3B
Program Expense Ratio
98.3%
Fundraising Efficiency
104250.2%
This nonprofit profile presents IRS Form 990 tax filing data for Silicon Valley Community Foundation (EIN: 20-5205488), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Silicon Valley Community Foundation is a 501(c)(3) nonprofit headquartered in Mountain View, CA, founded in 2006. It is classified under NTEE code T31 (Community Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2006. In its 2024 filing, the organization reported $4.9B in total revenue, a 205.9% increase from the prior year, and $3.4B in total expenses. The organization employed 110 people and engaged 45 volunteers. Nicole Taylor, President & CEO, is the highest-compensated individual at $1,268,486. The organization runs 1 program, totaling $3.3B in program expenses. 6 of 6 recommended governance policies are in place.
Silicon Valley Community Foundation is classified under NTEE code T31 (Community Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 15.
Programs(Tax Year 2024)
1 record
Silicon Valley Community Foundation operates 1 program, with total program expenses of $3.3B. Silicon Valley Community Foundation's largest program accounts for 100% of total program spending.
Emergency and Disaster Relief Fund To respond to our changing world and evolving climate, SVCF in 2023 created the Emergency and Disaster Relief Fund, an ongoing effort that will support immediate and long-term local disaster recovery efforts. The historic local rainfalls of the 2022-23 winter season and previous fires catalyzed the fund's launch. The fund has distributed grants totaling more than $744,000 since inception, including to organizations serving those affected by storms and floods and those affected by fatal shootings at two local farms. Community Action Grants Program SVCF's Community Action Grants program funds our local organizations that nurture and build community and advance community-led solutions that alleviate ingrained problems. In 2024, Community Action Grants totaling more than $3 million were awarded to over 104 organizations across different issue areas, including arts and culture, faith and neighborhoods, local journalism, civic participation, the environment, and health. Convening Leaders to Improve Farmworker Housing In 2024, SVCF made strides toward addressing the critical housing challenges facing farmworker communities along San Mateo County's coastline. Through research, convenings and collaborative action, SVCF is working with diverse stakeholders to help develop holistic solutions for those who harvest the region's food but struggle to find safe, affordable housing. SVCF published "Homes for Those Who Harvest: Housing San Mateo County's Farmworkers," a comprehensive report detailing the housing challenges farmworkers face and proposing actionable solutions. Advancing Local Journalism with the Press Forward Initiative In 2024, SVCF deepened its commitment to supporting local journalism that amplifies community voices and ensures the region's residents have access to accurate, relevant information about issues that impact their lives every day. SVCF was selected to house the local chapter of the national Press Forward initiative, a movement investing more than $500 million to strengthen local newsrooms, close gaps in journalism coverage, and expand access to trustworthy local news. As Press Forward Silicon Valley, SVCF is cultivating a network of funders dedicated to enhancing local journalism and increasing available resources.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Silicon Valley Community Foundation's revenue has grown from $1.7B to $4.9B, a 185.8% increase. Program expenses represent 98% of total spending.
Revenue increased 205.9% year-over-year, while expenses declined 34.0%. net assets rose to $10.5B, up 27.5% from the prior year. the organization reduced headcount by 19 employees.
Silicon Valley Community Foundation derives 64% from contributions and grants, with 0% from program services, with 36% from investment income.
Revenue is diversified across contributions and grants (64%), investment income (36%), program service revenue (0%).
Silicon Valley Community Foundation allocates 98% to programs, 2% to management and general, 0% to fundraising.
Revenue grew by 205.9% while expenses declined by only 34.0%, suggesting improving operational efficiency.
Silicon Valley Community Foundation distributed $3.3B in grants to other organizations and individuals, representing 98% of total expenses.
Over 6 filings from 2019–2024, Silicon Valley Community Foundation grew revenue from $1.7B to $4.9B (+185.8%) while maintaining a program expense ratio of 98%. During this period, the organization reduced from 283 to 110 employees.
Silicon Valley Community Foundation holds $12.3B in total assets against $1.8B in liabilities (debt-to-asset ratio of 14%). The organization has 37.2 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $4.9B | $3.1B | $240K | $3.2M | $1.8B |
| 2023 | $1.6B | $1.2B | $150K | $3.1M | $350.4M |
| 2022 | $3.0B | $2.5B | $390K | $3.1M | $529.6M |
| 2021 | $5.6B | $4.0B | $6.0M | $2.7M | $1.6B |
| 2020 | $2.6B | $2.1B | $14.6M | $2.3M | $507.5M |
| 2019 | $1.7B | $1.2B | $5.1M | $2.7M | $495.2M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $3.4B | $3.3B | $54.8M | $3.0M | $3.3B |
| 2023 | $5.2B | $5.1B | $15.3M | $4.0M | $5.1B |
| 2022 | $4.2B | $4.2B | $43.7M | $4.1M | $4.2B |
| 2021 | $2.7B | $2.6B | $71.3M | $3.9M | $2.6B |
| 2020 | $2.8B | $2.7B | $110.2M | $3.5M | $2.6B |
| 2019 | $1.5B | $1.4B | $53.5M | $3.8M | $1.4B |
Program Expense Ratio
98.3%
Admin Expense Ratio
1.6%
Fundraising Efficiency
104250.2%
Operating Reserve
37.2 mo
People & Compensation(Tax Year 2024)
27 records
Silicon Valley Community Foundation reported compensation for 27 officers and key employees. Total officer compensation was $4.9M, representing 0.1% of total expenses. 4 individuals received total compensation exceeding $500,000.
Silicon Valley Community Foundation's highest-compensated individual received $1.3M in total compensation. Total officer compensation of $4.9M represents 0.1% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Nicole Taylor | President & CEO | OfficerDirector | 40.00 | $1,177,663 | $0 | $1,268,486 |
| Elizabeth A Carey | Chief Financial Officer | Officer | 40.00 | $570,212 | $0 | $644,448 |
| Therese Wilson | EVP, Chief of Staff | Key Employee | 40.00 | $497,281 | $0 | $549,345 |
| Chanthi Lune | General Counsel | Officer | 40.00 | $493,848 | $0 | $542,491 |
| Marc Philpart | Executive Director, California Black Freedom Fund | Highest Comp | 40.00 | $292,466 | $0 | $360,690 |
| Ana Akhtar | VP, Donor Services | Highest Comp | 40.00 | $292,274 | $0 | $360,066 |
| Sarah Valencia | SVP, Finance | Highest Comp | 40.00 | $322,125 | $0 | $357,983 |
| To Tsang | SVP, IT and Knowledge Management | Highest Comp | 40.00 | $307,225 | $0 | $341,442 |
| Imelda Gonzalez | VP, Human Resources | Highest Comp | 40.00 | $274,894 | $0 | $329,389 |
| Gina Dalma | Former Key Employee | Former | — | $175,981 | $0 | $175,981 |
| Luz Urrutia | Director | Director | 0.50 | $0 | $0 | $0 |
| Rebecca Guerra | Director | Director | 0.50 | $0 | $0 | $0 |
| Rosanne Foust | Director | Director | 0.50 | $0 | $0 | $0 |
| Scott Kupor | Director | Director | 0.50 | $0 | $0 | $0 |
| Shannon Nash | Director | Director | 0.50 | $0 | $0 | $0 |
| Van Ton-Quinlivan | Director | Director | 0.50 | $0 | $0 | $0 |
| Zach Hulsey | Director | Director | 0.50 | $0 | $0 | $0 |
| Archana Sathaye | Director | Director | 0.50 | $0 | $0 | $0 |
| Mauricio Simbeck | Secretary | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Max Cuellar | Treasurer | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Alan Zafran | Director | Director | 0.50 | $0 | $0 | $0 |
| Greta Hansen | Chair | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Daniel Perez | Director | Director | 0.50 | $0 | $0 | $0 |
| David Chun | Director | Director | 0.50 | $0 | $0 | $0 |
| Issac Vaughn | Director | Director | 0.50 | $0 | $0 | $0 |
| Jennifer Urdan | Director | Director | 0.50 | $0 | $0 | $0 |
| Judy Miner | Director | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Nicole Taylor
Base Salary
$1,050,599
Bonus
$33,839
Other Reportable
$93,225
Retirement/Deferred
$57,500
Nontaxable Benefits
$33,323
Elizabeth A Carey
Base Salary
$541,492
Bonus
$28,000
Other Reportable
$720
Retirement/Deferred
$50,213
Nontaxable Benefits
$24,023
Chanthi Lune
Base Salary
$493,128
Bonus
—
Other Reportable
$720
Retirement/Deferred
$47,030
Nontaxable Benefits
$1,613
Gina Dalma
Base Salary
—
Bonus
—
Other Reportable
$175,981
Retirement/Deferred
—
Nontaxable Benefits
—
Therese Wilson
Base Salary
$494,113
Bonus
—
Other Reportable
$3,168
Retirement/Deferred
$34,500
Nontaxable Benefits
$17,564
Ana Akhtar
Base Salary
$291,170
Bonus
—
Other Reportable
$1,104
Retirement/Deferred
$30,715
Nontaxable Benefits
$37,077
To Tsang
Base Salary
$305,161
Bonus
—
Other Reportable
$2,064
Retirement/Deferred
$30,600
Nontaxable Benefits
$3,617
Sarah Valencia
Base Salary
$321,645
Bonus
—
Other Reportable
$480
Retirement/Deferred
$32,076
Nontaxable Benefits
$3,782
Imelda Gonzalez
Base Salary
$273,790
Bonus
—
Other Reportable
$1,104
Retirement/Deferred
$27,827
Nontaxable Benefits
$26,668
Marc Philpart
Base Salary
$291,986
Bonus
—
Other Reportable
$480
Retirement/Deferred
$31,147
Nontaxable Benefits
$37,077
Top Contractors(Tax Year 2024)
5 records
Silicon Valley Community Foundation reported 5 contractors receiving over $100,000, with total contractor payments of $4.3M.
| Name | Service | Compensation |
|---|---|---|
| CAMBRIDGE ASSOCIATES | INVESTMENT MANAGEMENT | $1,153,846 |
| ICONIQ Capital LLC | Investment Management | $1,136,960 |
| BNY MELLON | INVESTMENT MANAGEMENT | $723,463 |
| T ROWE PRICE ASSOCIATES INC | INVESTMENT MANAGEMENT | $701,972 |
| SLALOM LLC | CONSULTING SERVICES | $632,560 |
Governance & Compliance(Tax Year 2024)
Silicon Valley Community Foundation has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 18 members, 17 of whom are independent.
Silicon Valley Community Foundation's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2024)
1 record
Nicole Taylor — Employee
Grants Awarded(Tax Year 2024)
3577 records
Silicon Valley Community Foundation awarded $3.2B across 3576 grants to organizations. Top recipients include National Philanthropic Trust (Jenkintown, PA) — $1.6B for general nonprofit support; Fidelity Investments Charitable Gift Fund (Cincinnati, OH) — $51.9M for general nonprofit support; American Online Giving Foundation Inc (Newark, DE) — $42.1M for general nonprofit support. The organization also provided grants to individuals (684 recipients) totaling $4.1M, including scholarships.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| National Philanthropic Trust237825575 | Jenkintown, PA | $1.6B | General Nonprofit Support |
| Fidelity Investments Charitable Gift Fund110303001 | Cincinnati, OH | $51.9M | General Nonprofit Support |
| American Online Giving Foundation Inc810739440 | Newark, DE | $42.1M | General Nonprofit Support |
| Parker Institute for Cancer Immunotherapy473355381 | San Francisco, CA | $40.0M | Health |
| City Fund824938743 | Beaverton, OR | $31.5M | General Nonprofit Support |
| Cornell University150532082 | Ithaca, NY | $26.7M | Education |
| United States Olympic and Paralympic Foundation800939841 | Colorado Springs, CO | $25.0M | Youth Development |
| Gradient Learning352645251 | Covina, CA | $22.0M | Education |
| The Skoll Fund770528216 | Mountain View, CA | $20.0M | General Nonprofit Support |
| Minerva Institute for Research and Scholarship462589747 | San Francisco, CA | $20.0M | Education |
| College Track943279613 | Oakland, CA | $19.7M | Education |
| Primary School371975407 | East Palo Alto, CA | $19.1M | Education |
| Goldman Sachs Philanthropy Fund311774905 | Albany, NY | $17.2M | General Nonprofit Support |
| Board of Trustees of the Leland Stanford Junior University941156365 | Stanford, CA | $16.9M | Education |
| University of Southern California951642394 | Los Angeles, CA | $16.1M | Education |
| Clinton Health Access Initiative Inc271414646 | Boston, MA | $13.8M | International Development |
| Conservation International Foundation521497470 | Boston, MA | $13.1M | Environment |
| Mercy for Animals542076145 | Hagerstown, MD | $12.5M | Animal Welfare |
| Lawndale Christian Development Corporation363573036 | Chicago, IL | $12.0M | Community Development |
| The Regents of the University of California San Francisco946036493 | San Francisco, CA | $10.4M | Education |
Showing 20 of 3576 grants.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| SCHOLARSHIPS | 684 | $4.1M |
Foreign Activities(Tax Year 2024)
Activities span Central America and the Caribbean, East Asia and the Pacific, Europe (Including Iceland and Greenland), Middle East and North Africa, North America (Canada & Mexico only).
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| Central America and the Caribbean | — | — |
| East Asia and the Pacific | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| Middle East and North Africa | — | — |
| North America (Canada & Mexico only) | — | — |
| Russia and Neighboring States | — | — |
| South America | — | — |
| South Asia | — | — |
| Sub-Saharan Africa | — | — |
| Central America and the Caribbean | — | — |
| North America (Canada & Mexico only) | — | — |
| Sub-Saharan Africa | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| East Asia and the Pacific | — | — |
Supplemental Financial Data(Tax Year 2024)
Silicon Valley Community Foundation operates a donor-advised fund (DAF) program with 1,011 accounts. The endowment stands at $379.3M, with $1.5M in new contributions.
Filing History(Tax Years 2006–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $4.9B | $3.4B | $10.5B |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $1.6B | $5.2B | $8.3B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $3.0B | $4.2B | $10.1B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $5.6B | $2.7B | $13.6B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $2.6B | $2.8B | $10.0B |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $1.7B | $1.5B | $8.5B |
| 2006–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Silicon Valley Community Foundation do?
Silicon Valley Community Foundation (SVCF) connects people, ideas and resources to ensure equity and opportunity for all.
How much revenue does Silicon Valley Community Foundation have?
Silicon Valley Community Foundation reported $4,889,245,872 in total revenue for tax year 2024, up 205.9% from the prior year.
Who is the highest-paid executive at Silicon Valley Community Foundation?
Nicole Taylor, President & CEO, received $1,268,486 in total compensation as of tax year 2024.
Is Silicon Valley Community Foundation a 501(c)(3)?
Yes, Silicon Valley Community Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Silicon Valley Community Foundation located?
Silicon Valley Community Foundation is headquartered in Mountain View, CA 94040.
How many employees does Silicon Valley Community Foundation have?
Silicon Valley Community Foundation has 110 employees and 45 volunteers as of tax year 2024.
What type of nonprofit is Silicon Valley Community Foundation?
Silicon Valley Community Foundation is classified under NTEE code T31 (Community Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Silicon Valley Community Foundation audited?
Yes, Silicon Valley Community Foundation's financial statements are audited, and the organization has an audit committee.
How much does Silicon Valley Community Foundation spend on fundraising?
Silicon Valley Community Foundation reported $3,006,427 in fundraising expenses for tax year 2024, which represents 0.1% of total expenses.
Does Silicon Valley Community Foundation give grants?
Yes, Silicon Valley Community Foundation distributed $3,326,495,992 in grants to other organizations and individuals in tax year 2024. Top recipients include National Philanthropic Trust, Fidelity Investments Charitable Gift Fund, American Online Giving Foundation Inc.
Does Silicon Valley Community Foundation operate internationally?
Yes, Silicon Valley Community Foundation conducts activities outside the United States. Activities span Central America and the Caribbean, East Asia and the Pacific, Europe (Including Iceland and Greenland), Middle East and North Africa, North America (Canada & Mexico only).
Data Source
Prepared by: CROWE LLP, San Francisco, CA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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