Silicon Valley Community Foundation (SVCF) connects people, ideas and resources to ensure equity and opportunity for all.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$3.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $103.2M a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $10.70B in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $10.70B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $49.3M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$748.8M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6B
Spent
$2.8B
To programs
96%
Net assets
$10.0B
By yearFY2020–FY2024
Revenue
$2.6B
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6B
FY2021$5.6B
FY2022$3.0B
FY2023$1.6B
FY2024$4.9B
Expenses
$2.8B
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8B
FY2021$2.7B
FY2022$4.2B
FY2023$5.2B
FY2024$3.4B
Net assets
$10.0B
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$10.0B
FY2021$13.6B
FY2022$10.1B
FY2023$8.3B
FY2024$10.5B

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.7B Management & general 4% · $110.2M Fundraising 0% · $3.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$693,186Pt VII · Sec A
EVP, Finance and Operations
$344,390Pt VII · Sec A
EVP, Chief of Staff
$298,951Pt VII · Sec A
EVP, Fundraising and Business Development
$290,675Pt VII · Sec A
EVP, Community Impact (thru June 2020)
$278,826Pt VII · Sec A
SR. VP, Legal Affairs
$256,761Pt VII · Sec A
SR. VP, Finance
$241,294Pt VII · Sec A
EVP, Community Action, Policy and Strategy
$234,976Pt VII · Sec A

Nicole Taylor’s $1.1M as President & CEO is at the 93rd percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Nicole Taylor$1,110,573$1,010,598$996,341$693,186
Elizabeth a Carey$530,196$457,398$419,679$344,390
Therese Wilson$461,498$420,507$387,193$298,951
Gina Dalma$437,050$357,439$329,881$234,976
Chanthi Lune$430,451$368,103$322,840$256,761
Judith Powell$317,613$334,576——
Ian Alex Tenorio——$332,759$290,675
Sarah Valencia$300,688$278,045$255,445$241,294

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Silicon Valley Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Connects donors and resources to fund local disaster relief, community action grants, and equity initiatives that support vulnerable residents in Silicon Valley.

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1 program · $2.7B · in their own filed words · FY2020
01

Covid Response

When COVID-19 hit the Bay Area in March 2020, it became clear that communities of color and low-income communities were disproportionately affected. With equity at the center of our initiatives, SVCF launched seven COVID-19 response funds, working with trusted partner organizations to support our community members facing the most…

$2.7Bprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Deploy-US INCFY2025$1.7M
Total grants receivedfrom 4 funders$49.3M
See all 4 funders →
Grants paid · 14,126 grants · $11.9B · 2020–2023
Further Future FoundationCA · FY2023$1,309,000,000
Cz Institute for Advanced Biological Imaging LLCFY2023$586,007,469
Cz Biohub Sf LLCFY2023$576,046,150
Cz Biohub New York LLCFY2023$248,000,000
Cz Biohub Chicago LLCFY2023$246,500,000
Just Trust for EducationNC · FY2023$131,625,000
Helen Keller InternationalNY · FY2023$67,455,086
Philanthropic Ventures FoundationCA · FY2023$33,283,997
City FundOR · FY2023$26,733,812
College TrackCA · FY2023$19,714,200
Minerva UniversityCA · FY2023$17,000,000
Second Harvest of Silicon ValleyCA · FY2023$16,956,823
Johns Hopkins UniversityMD · FY2023$15,981,728
See all 14,126 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.6B
Ln 12
Gifts and grantsLn 1h$2.1B
Investment incomeLn 3$507.5M
Fees for servicesLn 2g$2.3M
Money outPt IX
$2.8B
Ln 25
Programscol B$2.7B
Managementcol C$110.2M
Fundraisingcol D$3.5M
Owns and owesPt X
$10.0B
net assets · Ln 32
Cash and savingsLn 1–2$51.5M
Total assetsLn 16$10.8B
LiabilitiesLn 26$748.8M
PeoplePt VI, VII
27
listed · VII A
PaidVII A10
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1B
Government grantsLn 1e$14.6M
Noncash giftsLn 1g$1.43B
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$507.5M
Other incomeLn 4–11$36K
Gains on assetsLn 7$417.5M
Total revenueLn 12$2.6B
Assets in detailPt X, end of year
SavingsLn 2$51.5M
Cash and savings togetherLn 1–2$51.5M
InvestmentsLn 11–13$10.70B
Land, buildings, equipmentLn 10c$6.0M
Other assetsLn 15$2.5M
Total assetsLn 16$10.8B
LiabilitiesLn 26$748.8M
Net assetsLn 32$10.0B
OperationsPt I, VI
EmployeesI 5128
VolunteersI 661
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$95.4M$51.5M
InvestmentsLn 11–13$9.16B$10.70B
Land, buildings, equipmentLn 10c$1.1M$6.0M
Total assetsLn 16$9.26B$10.77B
LiabilitiesLn 26$745.7M$748.8M
Net assetsLn 32$8.52B$10.02B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.58B$2.58B
Grants to domestic individualsLn 2$395K$395K
Grants and assistance to foreign recipientsLn 3$59.0M$59.0M
Pay of current officers, directors and key staffLn 5$2.6M$860K$1.1M$659K
Other salaries and wagesLn 7$11.6M$5.1M$5.0M$1.5M
Pension plan contributionsLn 8$111K$47K$48K$17K
Other employee benefitsLn 9$1.6M$625K$763K$214K
Payroll taxesLn 10$915K$384K$394K$137K
Legal feesLn 11b$331K$60K$254K$17K
Accounting feesLn 11c$352K$0$352K$0
Investment management feesLn 11f$99.2M$19K$99.2M$0
Other fees for servicesLn 11g$5.6M$5.2M$397K$0
Advertising and promotionLn 12$674K$332K$343K$0
Office expensesLn 13$297K$65K$219K$14K
Information technologyLn 14$1.6M$747K$639K$195K
OccupancyLn 16$3.3M$1.6M$1.1M$520K
TravelLn 17$6K$4K$2K$418
Conferences, conventions and meetingsLn 19$198K$54K$33K$111K
Depreciation, depletion and amortizationLn 22$290K$145K$99K$46K
InsuranceLn 23$346K$173K$118K$55K
Other expenses (24a–d)Ln 24$709K$545K$163K$905
All other expensesLn 24e$1K$401$812$0
Total functional expensesLn 25$2.77B$2.66B$110.2M$3.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.9B$3.4B$1.5B$10.5B 990 PDF
FY2023 $1.6B$5.2B−$3.6B$8.3B 990 PDF
FY2022 $3.0B$4.2B−$1.2B$10.1B 990 PDF
FY2021 $5.6B$2.7B$2.9B$13.6B 990 PDF
FY2020 Viewing $2.6B$2.8B−$136.7M$10.0B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,635,999,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,213,021,029$2,126,116,882
I-9 Program service revenuePrior year $2,745,762$2,314,418
I-10 Investment incomePrior year $495,193,501$507,531,966
I-11 Other revenuePrior year −$447,077$36,259
I-12 Total revenuePrior year $1,710,513,215$2,635,999,525
I-13 Grants and similar amounts paidPrior year $1,399,752,369$2,643,053,123
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $20,455,037$16,844,564
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,702,635$112,846,291
I-18 Total expensesPrior year $1,476,910,041$2,772,743,978
I-19 Revenue less expensesPrior year $233,603,174−$136,744,453
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,635,999,525 across 11 lines filed
VIII-1d Related organizations$59,444,584
VIII-1e Government grants$14,617,642
VIII-1f All other contributions, gifts and grants$2,052,054,656
VIII-1g Noncash contributions (included above)$1,433,119,894
VIII-1h Total contributions, gifts and grants$2,126,116,882
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,992,094 · Unrelated business $322,324$2,314,418
VIII-3 Investment incomeUnrelated business $7,234,961 · Excluded from tax $82,793,043$90,028,004
VIII-6 Net rental income or lossExcluded from tax −$3,197−$3,197
VIII-7 Net gain or loss on sales of assetsExcluded from tax $417,503,962$417,503,962
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $39,456$39,456
VIII-12 Total revenueRelated to mission $1,992,094 · Unrelated business $7,557,285 · Excluded from tax $500,333,264$2,635,999,525
Part IX · Statement of functional expenses $2,772,743,978 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $2,583,656,855$2,583,656,855
IX-2 Grants to domestic individualsPrograms $394,775$394,775
IX-3 Grants and assistance to foreign recipientsPrograms $59,001,493$59,001,493
IX-5 Pay of current officers, directors and key staffPrograms $859,856 · Management $1,095,751 · Fundraising $659,206$2,614,813
IX-7 Other salaries and wagesPrograms $5,114,063 · Management $5,015,482 · Fundraising $1,471,028$11,600,573
IX-8 Pension plan contributionsPrograms $46,594 · Management $47,703 · Fundraising $16,641$110,938
IX-9 Other employee benefitsPrograms $625,333 · Management $763,077 · Fundraising $214,456$1,602,866
IX-10 Payroll taxesPrograms $384,457 · Management $393,611 · Fundraising $137,306$915,374
IX-11b Legal feesPrograms $59,696 · Management $254,035 · Fundraising $17,446$331,177
IX-11c Accounting feesPrograms $0 · Management $352,099 · Fundraising $0$352,099
IX-11f Investment management feesPrograms $18,742 · Management $99,151,212 · Fundraising $0$99,169,954
IX-11g Other fees for servicesPrograms $5,214,458 · Management $397,369 · Fundraising $0$5,611,827
IX-12 Advertising and promotionPrograms $331,678 · Management $342,792 · Fundraising $0$674,470
IX-13 Office expensesPrograms $64,874 · Management $218,556 · Fundraising $13,694$297,124
IX-14 Information technologyPrograms $747,188 · Management $639,147 · Fundraising $195,028$1,581,363
IX-16 OccupancyPrograms $1,624,018 · Management $1,133,945 · Fundraising $519,686$3,277,649
IX-17 TravelPrograms $4,287 · Management $1,591 · Fundraising $418$6,296
IX-19 Conferences, conventions and meetingsPrograms $53,675 · Management $33,009 · Fundraising $111,127$197,811
IX-22 Depreciation, depletion and amortizationPrograms $145,237 · Management $98,761 · Fundraising $46,476$290,474
IX-23 InsurancePrograms $172,956 · Management $117,610 · Fundraising $55,346$345,912
IX-24 Other expenses (24a–d)Programs $545,292 · Management $162,725 · Fundraising $905$708,922
IX-24e All other expensesPrograms $401 · Management $812 · Fundraising $0$1,213
IX-25 Total functional expensesPrograms $2,659,065,928 · Management $110,219,287 · Fundraising $3,458,763$2,772,743,978
Part X · Balance sheet $10,766,839,330 assets, 18 lines filed
Asset lines not itemized here account for $813,160; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $95,358,648$51,506,891
X-3 Pledges and grants receivableStart of year $2,842,560$9,719,785
X-4 Accounts receivableStart of year $482,517$172,568
X-9 Prepaid expenses and deferred chargesStart of year $269,897$278,466
X-10c Land, buildings and equipment, netStart of year $1,113,347$6,040,550
X-11 Publicly traded securitiesStart of year $6,819,379,886$6,227,906,941
X-12 Other securitiesStart of year $2,333,503,861$4,457,658,032
X-13 Program-related investmentsStart of year $8,391,261$10,279,501
X-15 Other assetsStart of year $2,363,277$2,463,436
X-16 Total assetsStart of year $9,264,570,870$10,766,839,330
X-17 Accounts payable and accrued expensesStart of year $3,066,501$3,110,909
X-18 Grants payableStart of year $606,165,572$574,364,564
X-25 Other liabilitiesStart of year $18,324,260$18,309,803
X-26 Total liabilitiesStart of year $745,746,621$748,750,128
X-27 Net assets without donor restrictionsStart of year $8,233,422,201$9,699,941,512
X-28 Net assets with donor restrictionsStart of year $285,402,048$318,147,690
X-32 Total net assets or fund balancesStart of year $8,518,824,249$10,018,089,202
X-33 Total liabilities and net assetsStart of year $9,264,570,870$10,766,839,330
Part XI · Reconciliation of net assets $10,018,089,202 net assets at year end
XI-1 Total revenue$2,635,999,525
XI-2 Total expenses$2,772,743,978
XI-3 Revenue less expenses−$136,744,453
XI-4 Net assets at start of year$8,518,824,249
XI-5 Net unrealized gains (losses) on investments$1,644,651,262
XI-9 Other changes in net assets−$8,641,856
XI-10 Net assets at end of year$10,018,089,202

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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