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neinnovation<br />
through<br />
philanthropy<br />
<br />
What If<br />
children<br />
really were<br />
our future<br />
NetApp’s<br />
Dan Warmenhoven<br />
talks corporate<br />
philanthropy<br />
Keeping<br />
Doors<br />
Open<br />
Solutions<br />
from the front line<br />
of foreclosure<br />
prevention<br />
spring 2009
LOS ANGELES NEW YORK WASHINGTON, D.C.<br />
The Charitable Sector Practice at<br />
Mitchell Silberberg & Knupp LLP<br />
Nationally recognized expertise in helping clients realize their philanthropic objectives:<br />
Charitable Remainder Trusts • Family Foundations • Sophisticated Gift Agreements<br />
And other current and deferred charitable gift planning vehicles.<br />
David Wheeler Newman, Practice Chair<br />
310.312.3171 ~ dwn@msk.com<br />
Find out why the top professional advisors<br />
in our region trust <strong>Silicon</strong> <strong>Valley</strong><br />
<strong>Community</strong> Foundation to facilitate<br />
their clients’ charitable giving.<br />
“<br />
<strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation provides<br />
user-friendly solutions to assist clients in better<br />
defining their philanthropic objectives and<br />
optimizing the benefit of their contributions.”<br />
— Mark Vorsatz<br />
Founder and CEO of Wealth and Tax Advisory Services and member<br />
of <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation’s Professional Advisor League<br />
Call 650.450.5517<br />
or email donate@siliconvalleycf.org<br />
to learn more about how you can<br />
make giving easier today.
oneinnovation<br />
through<br />
philanthropy spring 2009<br />
3 From Emmett D. Carson<br />
Big Ideas<br />
4 Preserving<br />
the Safety Net<br />
Nonprofits balance growing<br />
need and shrinking resources to<br />
help families put food on their<br />
tables and pay rent and bills.<br />
5 Finding Value<br />
in the Arts<br />
In hard times, a donor circle<br />
steps up for the dancers,<br />
musicians and artists who enrich<br />
our lives and communities.<br />
15 siliconvalleycf.org<br />
A roundup of news and<br />
developments at <strong>Silicon</strong> <strong>Valley</strong><br />
<strong>Community</strong> Foundation.<br />
What If<br />
By John L. Maltbie 16<br />
Local leader and former county<br />
manager John Maltbie asks a<br />
simple question: What if children<br />
really had rights<br />
On the cover: One of many foreclosed homes in east San José.<br />
Photography by John Lee/Aurora Select.<br />
John Lee/Aurora Select<br />
6 Keeping Doors Open<br />
From legal aid to housing counseling,<br />
workers on the front line of the foreclosure<br />
crisis fight to save people’s homes.<br />
Features<br />
Robert Houser<br />
12<br />
The Power of<br />
Corporate <strong>Philanthropy</strong><br />
A Q&A with Dan Warmenhoven<br />
of NetApp on why corporations<br />
can and should be good neighbors.<br />
www.siliconvalleycf.org<br />
innovation through philanthropy 1
In the face of<br />
foreclosures, legal<br />
services workers and<br />
housing counselors<br />
fight to keep<br />
homeowners such<br />
as Mary Vaughn of<br />
south Palo Alto from<br />
losing their homes.<br />
Page 6<br />
John Lee/Aurora Select<br />
2 innovation through philanthropy<br />
www.siliconvalleycf.org
Bay Area Event Photography<br />
Volume 3, Number 1<br />
BOARD OF DIRECTORS<br />
Nancy H. Handel, Chair<br />
John M. Sobrato, Vice Chair<br />
Laura Arrillaga-Andreessen<br />
Jayne Battey<br />
Gloria Brown<br />
Emmett D. Carson, Ph.D.<br />
Caretha Coleman<br />
Thomas J. Friel<br />
Gregory Gallo<br />
Narendra Gupta<br />
Susan M. Hyatt<br />
William S. Johnson<br />
Anne F. Macdonald<br />
Ivonne Montes de Oca<br />
C.S. Park<br />
Jennifer Raiser<br />
Sanjay Vaswani<br />
Richard Wilkolaski<br />
Erika Williams<br />
Jane Williams<br />
Gordon Yamate<br />
CEO & PRESIDENT<br />
Emmett D. Carson, Ph.D.<br />
innovation through philanthropy<br />
MEDIA RELATIONS OFFICER<br />
Rebecca Salner<br />
CREATIVE DIRECTOR<br />
Mark L. Hannah<br />
MANAGING EDITOR Chris Blose<br />
SENIOR EDITOR Kim Caviness<br />
ART DIRECTORS Gregory T. Atkins, Nancy Roy<br />
PHOTO EDITOR Sara Elder<br />
PROJECT MANAGER Connie Otto<br />
COPY EDITOR Tara Kawar<br />
CONTRIBUTORS<br />
Denise Bridges<br />
Nichole Evanovich<br />
one@siliconvalleycf.org<br />
Editorial, Design and Production Management<br />
ONE: <strong>Innovation</strong> <strong>Through</strong> <strong>Philanthropy</strong> is published<br />
two times a year by <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation.<br />
To receive a copy, call 650.450.5400 or email<br />
one@siliconvalleycf.org. Postmaster: Please send address<br />
changes to <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation,<br />
2440 West El Camino Real, Suite 300, Mountain View,<br />
California 94040-1498. The opinions and statements<br />
expressed by the authors and contributors to this publication<br />
do not necessarily reflect opinions or positions<br />
of <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation. All rights<br />
reserved. No material in this publication may be published<br />
or copied without the express written consent of<br />
<strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation. Copyright<br />
© 2009 <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation<br />
<strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation is<br />
confirmed in compliance with National<br />
Standards for U.S. <strong>Community</strong> Foundations.<br />
Cert no. SCS-COC-00648<br />
<br />
Emmett D. Carson<br />
at the State of the<br />
<strong>Valley</strong> Conference.<br />
From<br />
Emmett D. Carson<br />
As we created this<br />
issue of ONE: <strong>Innovation</strong><br />
<strong>Through</strong> <strong>Philanthropy</strong>,<br />
we faced constant<br />
reminders of the<br />
growing human toll of<br />
this prolonged and<br />
painful economic<br />
downturn. We heard<br />
about safety-net clients<br />
who are struggling to<br />
meet basic needs, such<br />
as food and shelter, for<br />
themselves and their<br />
families. We heard<br />
heartbreaking stories from the<br />
front lines of the foreclosure crisis.<br />
We learned from our 2009 Index<br />
of <strong>Silicon</strong> <strong>Valley</strong> that our region<br />
has the least affordable housing<br />
and fastest growing number of<br />
foreclosures in California.<br />
There is another side to<br />
these stories, though. We are<br />
reminded of the tireless work<br />
the nonprofit organizations<br />
in San Mateo and Santa Clara<br />
counties do to curb these<br />
problems. Our cover story<br />
features workers dedicated<br />
to keeping doors open for<br />
homeowners in crisis through<br />
our economic security<br />
grantmaking, and there are<br />
sweet success stories among the heartbreak. Our Big Ideas section<br />
highlights safety-net services helping a growing clientele despite<br />
shrinking private and government aid. Our Q&A with NetApp’s<br />
Dan Warmenhoven reminds us of the power of corporate giving<br />
to build a community, even in the midst of a downturn. Local<br />
leader John Maltbie implores us to remember that preserving the<br />
rights of children should not be put in jeopardy, even in the face of<br />
challenging state and local budget cuts.<br />
Our community foundation, along with all our partners, will<br />
continue to respond to our region’s challenges flexibly and quickly,<br />
using real-time data and community input. But we face long-term<br />
problems, so we are also poised with long-term solutions. one<br />
www.siliconvalleycf.org<br />
innovation through philanthropy 3
ig ideas<br />
Trends and innovations in philanthropy<br />
Preserving<br />
the Safety Net<br />
The struggle to provide<br />
more food and shelter<br />
Four years ago, Nancy Tivol used the phrase<br />
“dramatic increase” to describe the growing need<br />
for safety-net services such as food and housing.<br />
The next year, it was “growing phenomenally.” Then<br />
“skyrocketing.” Last year, as the economy<br />
declined, it was “exploding.”<br />
Tivol has run out of phrases.<br />
“What comes after<br />
‘exploding’” asks<br />
the executive<br />
director of<br />
Sunnyvale<br />
<strong>Community</strong><br />
Services (SCS).<br />
“With what we’re<br />
seeing this year, all previous<br />
numbers pale in comparison.”<br />
Five years ago, about 750 families turned to<br />
SCS for help putting food on the table each month.<br />
Now that number has doubled to 1,420, and the need<br />
for financial aid for housing and other basics is up 56<br />
percent before this fiscal year even ends.<br />
Using a $75,000 grant, part of $3 million in food and<br />
shelter grants awarded by <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong><br />
Foundation in December 2008, SCS offered housing<br />
assistance and food to families during a tough<br />
holiday season. But Tivol notes that the grant money<br />
was used in less than a month due to the growing<br />
demand for services.<br />
Two-income homes are becoming no-income homes.<br />
Seniors on fixed incomes sometimes choose between<br />
paying for rent or medicine. People seeking government<br />
benefits face longer waits. Families who can’t pay the<br />
rent need immediate help before they become homeless,<br />
especially when so many shelters are full.<br />
These trends may become worse, says Patricia<br />
Gardner, executive director of the <strong>Silicon</strong> <strong>Valley</strong><br />
Council of Nonprofits (SVCN). “If we’re already seeing<br />
more than a 30 percent increase in the need for safetynet<br />
services, and most government cuts won’t take<br />
effect until July, right around the holiday season we’re<br />
likely to see another incredible jump in need.”<br />
SVCN surveyed health and human services agencies<br />
in Santa Clara County in February 2009. Only 7 percent<br />
saw themselves as financially strong, in part because of<br />
a reported 23 percent decrease in individual donations<br />
and 39 percent decrease in corporate support.<br />
Karla Molina de Bourdon, executive director of North<br />
Peninsula Neighborhood Services Center (NPNSC), says<br />
donations are down 60 percent to 70 percent, but the<br />
center is serving 40 percent more people. Caseworkers at<br />
NPNSC, which serves San Bruno, South San Francisco<br />
and Brisbane, also spend more time on increasingly<br />
complex cases. “You keep digging and digging,” she<br />
says, “and you find more and more things people need.”<br />
NPNSC, which received a $50,000 community<br />
foundation grant in December, has developed ways to<br />
serve more people. “We’re being creative and packaging<br />
families,” she says. “We’ll pay the rent if another agency<br />
will pay the utilities, for example. For many current<br />
clients, the amount we are able to give them can be just a<br />
Band-Aid if they don’t get some relief elsewhere, too.”<br />
Creative thinking helps, but the need for funding<br />
will grow as the long-term effects of this economic<br />
downturn do the same. The community foundation<br />
will release a request for proposals for another round<br />
of safety-net grants in May. As nonprofits provide more<br />
help, they’ll need more in turn.<br />
“Keeping up would be enough of a challenge,” Tivol<br />
says of SCS’ work, “but to provide even more this year<br />
in this environment would be a miracle.”<br />
—Chris Blose one<br />
chris rogers/iStockphoto.com<br />
4 innovation through philanthropy www.siliconvalleycf.org
Finding Value in the Arts<br />
Donors Step Up for Local Culture<br />
Jaci Hall knows the joy of playing her flute for an<br />
audience. She saw the way her son’s world changed<br />
at age 7 when he first played the bagpipes; now<br />
it’s his career. And she helped her mother become an<br />
accomplished weaver at age 50.<br />
The San José resident and retired teacher also knows<br />
joy is not enough to sustain the arts. That is why she<br />
has volunteered for local arts organizations, established<br />
a donor advised fund in her mother’s honor at <strong>Silicon</strong><br />
<strong>Valley</strong> <strong>Community</strong> Foundation to support elementary<br />
school arts programs and, most recently, joined likeminded<br />
individuals in the donor circle for the arts.<br />
The donor circle is funded by those individuals,<br />
as well as the James Irvine Foundation, the National<br />
Endowment for the Arts (NEA) and the community<br />
foundation. In its first round of grants, it issued $55,000<br />
to 16 organizations and artists as diverse as the people<br />
of San Mateo and Santa Clara counties, mixing hip-hop<br />
and quilting, exercise and experimental dance, jazz<br />
and ancient music. The circle of 10 donors plans to<br />
publish guidelines for a second round of funding<br />
in summer 2009.<br />
Hall speaks about creative value, but she realizes<br />
bottom-line-oriented people want a different kind of<br />
value in difficult economic times. “We say arts foster<br />
beauty, creativity, vitality,” Hall says, “but what is now<br />
being proven is that the arts create jobs and contribute<br />
significantly to the community and the economy. Arts<br />
are good business.”<br />
Hall points to a 2007 study by Americans for the<br />
Arts stating that the national nonprofit arts-andculture<br />
industry generated $166.2 billion in economic<br />
activity in a year and supported 5.7 million full-time<br />
jobs. But numbers for artists themselves are not so<br />
positive now. An NEA study published in March<br />
places their unemployment rate at twice that of<br />
other professional workers. The donor circle aims<br />
to provide help in a time when the arts are often<br />
seen as a luxury, says participant Phil Kurjan, a<br />
Distinguished Engineer at Applied Materials and a<br />
community foundation fund advisor.<br />
“The place where this donor circle really shines is<br />
in grants to small groups that may not have access to<br />
big donors and other forms of funding,” says Kurjan,<br />
of Sunnyvale.<br />
The circle also involves donors directly with the<br />
artists and the grantmaking process, says Noel<br />
Butler, an avid reader, dancer and former database<br />
engineer from Los Gatos. Butler shares a love of<br />
the arts with her 13-year-old son, William, both as<br />
patrons and participants. And through the circle,<br />
Kurjan and Butler learned more about artists the<br />
couple already admired and gained admiration for<br />
others they didn’t know before, including a group<br />
dedicated to preserving China’s oldest stringed<br />
instrument, the guqin.<br />
People too often fail to recognize that great music,<br />
dance, theater and other arts live outside the biggest<br />
cities, Butler says. “We have genius right in our<br />
backyard. We just need to find what’s<br />
out there and support it.”<br />
—Chris Blose one<br />
Donors interested in participating<br />
should contact Jennifer Kane at<br />
jbkane@siliconvalleycf.org<br />
or 650.450.5501.<br />
Mark L. Hannah<br />
www.siliconvalleycf.org
By Richard Rapaport<br />
Photography by John Lee<br />
Doors<br />
Keeping<br />
c<br />
Ope<br />
Sitting quietly in the outer office of <strong>Community</strong><br />
Legal Services in East Palo Alto (CLSEPA) on a<br />
warm March afternoon, Kathryn Latour’s outer<br />
demeanor doesn’t match her inner anger. Latour, an<br />
attorney who had retired to raise her family, is here at<br />
the behest of a friend, Mary Vaughn, an 86-year-old<br />
caught up in the foreclosure crisis making its malicious<br />
march across <strong>Silicon</strong> <strong>Valley</strong>.<br />
“I get riled up just thinking about it,” Latour says. In<br />
fact, Vaughn’s case and others like it have infuriated<br />
Latour to the extent that she is here to volunteer her time<br />
and legal expertise to help CLSEPA clients.<br />
Vaughn is one of many homeowners in the<br />
neighborhoods near East Palo Alto and south Palo Alto<br />
that are financially awash in the floodtide of subprime<br />
loans gone bad and the resulting defaults, foreclosures<br />
and evictions. An estimated one in three homes in East<br />
Palo Alto is in default. What has mobilized Latour is the<br />
distress of fellow Mormon church member Vaughn, a<br />
woman she describes as “giving, honest and good.”<br />
Vaughn and Latour are seeking help at CLSEPA,<br />
one of seven legal services and housing counseling<br />
organizations that received a total of $500,000 in grants<br />
from <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation (see full<br />
list of grantees at www.siliconvalleycf.org/ONE/31a).<br />
These grants are designed to augment existing legal<br />
services, information and loan counseling to residents<br />
of Santa Clara or San Mateo counties facing foreclosure<br />
or eviction. The goal is to effectively double the number<br />
of trained counselors and lawyers dealing with<br />
foreclosures and their fallout.<br />
Seeking solutions on the front line of foreclosure prevention<br />
6 innovation through philanthropy www.siliconvalleycf.org
n<br />
Mary Vaughn<br />
at home in south<br />
Palo Alto.<br />
www.siliconvalleycf.org
One agency had to help clients<br />
in its parking lot — the number of folks<br />
looking for assistance was that large.<br />
Vaughn and her late husband, Johnny, operated a<br />
window-washing business that was successful enough<br />
for them to buy a modest 2,000-square-foot, fourbedroom<br />
house in south Palo Alto in the early 1960s.<br />
When Vaughn’s husband died in 1987, he left her with a<br />
home that they owned free and clear. Free and clear, that<br />
is, until a day in 2003 when two men in suits showed<br />
up at her front door. They were friendly and seemed<br />
to know a good deal about her: her religious activities,<br />
credit card and bank account histories. They were there,<br />
one of them told her, to offer a once-in-a-lifetime homeequity<br />
loan. The terms seemed too good to pass up. As<br />
Vaughn now knows, they were too good to be true.<br />
Vaughn agreed she could use some new plumbing<br />
and, considering the escalation in regional home values<br />
since she and her husband had purchased the home,<br />
agreed to sign up for what she thought was a small<br />
home equity loan. In reality, through complicated<br />
terms that were unclear to her, Vaughn was inking an<br />
agreement for a hefty mortgage. Vaughn was content<br />
writing monthly interest-only checks for around $2,000,<br />
unaware that the amount was not fixed and could<br />
balloon. In 2008, letters began arriving from a loan<br />
company she had never heard of stating that it now<br />
Boarded homes are<br />
abundant in an east San<br />
José neighborhood.<br />
owned the mortgage, and that she would owe a heartstopping<br />
$5,400 each month for interest and principal.<br />
Shirley Hochhausen, managing attorney for antipredatory<br />
lending at CLSEPA, took Vaughn’s case.<br />
Legal aid workers such as her offer one avenue to help<br />
people in need; housing and mortgage counselors offer<br />
another. Additionally, local, state and national legislation<br />
will reshape policy and practices in coming months<br />
and years. The American Recovery and Reinvestment<br />
Act of 2009, for example, includes provisions for lowcost<br />
refinancing, loan modifications for people facing<br />
foreclosure and a call to maintain low interest rates.<br />
In the meantime, dedicated workers at the front line<br />
of the foreclosure crisis seek solutions for the people<br />
who need help right now.<br />
“We made the decision to support foreclosure<br />
prevention counseling and legal services because<br />
we saw a pressing need and wanted to address it,”<br />
says Pat Krackov, the program officer responsible<br />
for the community foundation’s economic security<br />
strategy. “We heard that agencies were swamped<br />
with clients facing foreclosure and needed additional<br />
manpower. One agency had to help clients in its<br />
parking lot on several occasions before moving to<br />
larger quarters—the number of folks<br />
looking for assistance was that large.<br />
We wanted to fund programs that could<br />
hit the ground running and make an<br />
immediate difference.”<br />
Extensive Effects<br />
Vaughn, an African-American,<br />
exemplifies the results of a November<br />
2008 study by the Federal Reserve<br />
Bank of San Francisco confirming that<br />
African-Americans were 3.3 times more<br />
likely than whites to have mortgages in<br />
foreclosure. After fighting for years to<br />
prohibit banks from “redlining” minority<br />
neighborhoods out of mortgage loan<br />
eligibility, these same neighborhoods<br />
had become fertile targets for “reverse<br />
redlining” raids by predatory lenders.<br />
This does not mean the housing crisis<br />
is totally the fault of lenders or solely<br />
John Lee/Aurora Select<br />
www.siliconvalleycf.org
Kathryn<br />
Latour, right,<br />
helped<br />
friend Mary<br />
Vaughn find<br />
legal aid.<br />
within the realm of minorities. Ginna Green, from the<br />
California office of the Center for Responsible Lending,<br />
describes how the macroeconomic scenario played<br />
out: “Poor regulation, astronomical housing prices<br />
and massive numbers of risky loans with difficult-tounderstand<br />
features brought the housing market to the<br />
brink, and with it the general economy.”<br />
According to a report by research firm First American<br />
Core Logic, of the $2.4 trillion in housing wealth lost<br />
in the United States last year, $1.2 trillion was lost<br />
in California, with <strong>Silicon</strong> <strong>Valley</strong> responsible for a<br />
ballooning percentage of that loss. Much has been said<br />
about the culpability of lenders, but there is enough<br />
blame to go around, and borrowers need to get their<br />
own “financial houses” in order, too, Green says.<br />
“Borrowers should work with their lenders to make sure<br />
they are clear about payment and interest amounts, how<br />
long the original interest rate is going to last, and if or<br />
when their payment will balloon.”<br />
With her own loan ballooning, Mary Vaughn wasn’t<br />
sure what to do with the loan company’s letters until<br />
October 2008, when a foreclosure notice was posted<br />
at her house. “I was so embarrassed and humiliated,”<br />
Vaughn says, explaining her initial lack of response.<br />
“It simply defies reason,” says Hochhausen,<br />
regarding banks and loan companies that often<br />
refuse to negotiate reduced monthly home payments<br />
rather than go through an expensive and emotionally<br />
punishing foreclosure. In CLSEPA’s office, she listens<br />
for a moment as Latour lays out Vaughn’s case,<br />
and then Hochhausen adds her own take on the<br />
broad effects of foreclosure. In addition to affecting<br />
individuals, she notes, “Foreclosures affect entire<br />
neighborhoods by lowering surrounding home<br />
values, decreasing neighborhood safety, shrinking the<br />
community property-tax base that pays for valuable<br />
community services such as schools and roads, and<br />
eliminating revenue streams for mortgage holders.”<br />
In what she sees as an out-of-whack financial system,<br />
Hochhausen views the role of legal aid as helping clients<br />
wisely navigate a complicated legal system, which requires<br />
expertise. “If civilians go in by themselves,” Hochhausen<br />
says, “they always get slaughtered.”<br />
Hochhausen is fiercely outspoken about the fate of<br />
the soon-to-be-dispossessed, and her résumé backs up<br />
her words. In 2001, the University of San Francisco law<br />
professor founded CLSEPA’s Anti-Predatory Lending<br />
Initiative, a first-of-its-kind program. Since then, the<br />
number of legal aid lawyers, loan counselors funded and<br />
sanctioned by the U.S. Department of Housing and Urban<br />
Development (HUD), law students and volunteers dealing<br />
with predatory lending has grown. But it hasn’t grown fast<br />
enough to deal with a crisis that, while slower to hit San<br />
Mateo and Santa Clara counties than some other California<br />
locales, is making up for that tardiness with a frightening<br />
spike in numbers. According to the Index of <strong>Silicon</strong> <strong>Valley</strong><br />
(see “The Crisis in Numbers”), the number of home<br />
foreclosure sales in 2008 went up 184 percent, far higher<br />
than in the rest of the state.<br />
“San Mateo and Santa Clara kept getting slighted,” notes<br />
Martin Eichner, director of Project Sentinel’s HUD housing<br />
The Crisis<br />
in Numbers<br />
The following numbers from the Index of<br />
<strong>Silicon</strong> <strong>Valley</strong>, a research resource produced<br />
by Joint Venture: <strong>Silicon</strong> <strong>Valley</strong> Network and<br />
<strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation, back<br />
up the heartbreaking personal stories of the<br />
foreclosure crisis:<br />
• The number of home foreclosure sales in<br />
<strong>Silicon</strong> <strong>Valley</strong> went up 184 percent in 2008,<br />
far outpacing the 126 percent increase<br />
for California as a whole. The resulting<br />
correction in the housing market has led to<br />
dropping sale prices.<br />
• In December 2008, foreclosed homes made<br />
up 41.2 percent of sales in Santa Clara County<br />
and 27.3 percent in San Mateo County.<br />
• In 2008, <strong>Silicon</strong> <strong>Valley</strong> became the least<br />
affordable region in which to live in California,<br />
with only 29 percent of first-time homebuyers<br />
able to afford a median-priced home.<br />
www.siliconvalleycf.org<br />
innovation through philanthropy 9
Asset-Building<br />
in Hard Times<br />
When San José renter Jannie Lugo faced a<br />
sudden eviction because of foreclosure on<br />
her rental house, she made a smart decision.<br />
She sought expert help at Bay Area Legal Aid’s<br />
Santa Clara County offices and got the eviction<br />
delayed. But even before she sought legal aid,<br />
Lugo had made other smart financial decisions.<br />
Lugo has managed to put away enough<br />
savings so that when she finds a new home,<br />
she will have the assets available to pay first<br />
and last months’ rent. She’ll also be able to<br />
weather the storm of recession that has seen<br />
her hours as a medical assistant at Kaiser<br />
Permanente cut by one-third.<br />
Building and keeping assets in difficult times<br />
is a skill that, once learned, can be useful<br />
throughout a lifetime and even beyond,<br />
through the ability to pass assets on to the next<br />
generation. Recognizing that asset-building<br />
can be a lifesaver, <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong><br />
Foundation awarded $934,000 in grants to<br />
create or grow educational programs aimed<br />
at helping low-income residents make smarter<br />
financial decisions, develop new habits and<br />
begin to put aside savings (see more at<br />
www.siliconvalleycf.org/ONE/31b).<br />
Financial “coaching” programs at<br />
organizations such as EARN and Project Read<br />
will help individuals and organizations better<br />
understand and apply the basics of finance,<br />
including practices as simple and effective as<br />
opening and maintaining savings accounts.<br />
Other programs include the Corporation for<br />
Enterprise Development’s planned online<br />
marketplace, which will allow donors to match<br />
funds saved by residents in need.<br />
Innovative ideas are crucial in difficult<br />
times, says Carolina Reid, a researcher for the<br />
Federal Reserve Bank of San Francisco. “To<br />
me, the important story is that the foreclosure<br />
crisis means that homeownership has, in<br />
many cases, become a lost opportunity to<br />
build assets and close the wealth gap,” Reid<br />
says. “We now need to think of new ways to<br />
restructure asset-building and provide people<br />
with other opportunities to save.”<br />
counseling program, which provides one-on-one<br />
mortgage delinquency and default counseling. “They<br />
were not initially considered by government to be as<br />
much in crisis as the Central <strong>Valley</strong>.” The successful<br />
tech sector masked early signs of trouble, but Eichner<br />
says there are growing pockets of distress in <strong>Silicon</strong><br />
<strong>Valley</strong>, particularly along Highway 101.<br />
Since 1994, Project Sentinel has taken the cases of<br />
homeowners in or near foreclosure. Counselors attempt<br />
to find common ground with lenders. Working in<br />
particular through the Obama administration’s new<br />
Making Home Affordable program, one solution<br />
might be a loan modification, which changes monthly<br />
payments and timeframe. Another is a forbearance<br />
agreement, in which a lender agrees not to foreclose in<br />
exchange for an altered mortgage plan that will, over<br />
time, bring the homeowner up to date on payments. In<br />
drastic cases, bankruptcy may be appropriate.<br />
Language and Legal Barriers<br />
Eichner’s mortgage-default caseload was nearly<br />
negligible until 2007. Then, he says, a financial<br />
meltdown began “that was like a train hitting a car.”<br />
Eighty-four cases in 2007 became 350 cases in 2008.<br />
For 2009, Eichner predicts his office will handle nearly<br />
a thousand mortgage-default cases. Project Sentinel<br />
is adding more staff to meet a demand that today<br />
forces a several-week wait for clients not in immediate<br />
foreclosure. One more statistic jumps out: Just short of<br />
40 percent of Eichner’s cases involve Spanish speakers.<br />
Maeve Elise Brown, executive director of Housing<br />
and Economic Rights Advocates (HERA), says such<br />
cases reflect the work of Spanish-speaking loan agents<br />
working overtime to sell subprime loans in largely<br />
Hispanic neighborhoods in towns such as Santa<br />
Clara, San José, Redwood City, San Mateo, Daly City<br />
and South San Francisco. Brown, Hochhausen and<br />
others hear stories about brokers who exploited family,<br />
regional and even religious ties to sell subprime loans.<br />
These tactics allowed brokers and banks to collect<br />
billions in fees, interest and penalties while often<br />
leaving customers vulnerable and in the dark.<br />
Brown, a longtime Bay Area housing advocate,<br />
co-founded HERA in 2005. Today, at the organization’s<br />
Oakland headquarters, the phones never stop ringing,<br />
she says. In addition to offering free community<br />
workshops and other resources, HERA’s staff handles<br />
litigation and drafts pleadings. The work requires<br />
10 innovation through philanthropy www.siliconvalleycf.org
Maggie<br />
McCarthy,<br />
a housing<br />
counselor<br />
at Project<br />
Sentinel's<br />
Sunnyvale<br />
office,<br />
works with<br />
a couple<br />
to clear<br />
up their<br />
financial<br />
issues.<br />
John Lee/Aurora Select<br />
a detailed, thorough search for hidden language<br />
and legal landmines, including buried clauses that<br />
force a client to give up the right to sue. “The loan<br />
documentation is so complex,” Brown says, “we need<br />
specialist lawyers to spot the kinds of problems that<br />
loan counselors might miss.”<br />
Another problem comes from the disarray in the<br />
offices of mortgage companies and banks. “On one<br />
day, you get someone who promises to help, and on the<br />
next they have no indication you even called before,”<br />
Brown says. Much of the grant money will go toward<br />
increasing the size of her staff to address what she sees<br />
as HERA’s most important job: educating people on<br />
the other end of the phone, whether they’re lenders or<br />
homeowners in need of counseling or legal aid.<br />
Collateral Damage<br />
The most vulnerable people in the foreclosure process<br />
often don’t even have their names on the deed. Renters<br />
have limited legal remedies when the sheriff comes<br />
knocking. Unlike homeowners, to whom the law<br />
typically gives at least 60 days in eviction cases, the<br />
process for renters “moves like a lightning bolt,” says<br />
Julie Patiño. Patiño, managing attorney of the Santa<br />
Clara County office of Bay Area Legal Aid, seeks to<br />
limit the collateral damage experienced by the renters<br />
who make up one-third of her office’s caseload.<br />
Renters have little protection and recognition; a<br />
foreclosure notice might simply lump all renters in a<br />
home or apartment under a “John Doe” alias. “These<br />
tenants are basically persona non grata,” Patiño says.<br />
When eviction is the order of the day, attorneys<br />
in Patiño’s office scramble to work with the lender’s<br />
lawyers to get them either to allow tenants to pay<br />
and stay, or give them a reasonable amount of time<br />
to move. “This strikes at the heart of what legal aid<br />
really is about,” she says. “The best we can do is<br />
put our finger in the legal dam and plug the holes.”<br />
However, she adds that the legal aid community is<br />
trying to shore up that dam by training real estate<br />
and lending professionals, educating tenants about<br />
rights and even targeting unscrupulous attorneys and<br />
lenders in lawsuits.<br />
For now, the victories may be small, but they can be<br />
sweet. Take the case of Jannie Lugo, a medical assistant<br />
at Kaiser Permanente who didn’t find out she was being<br />
evicted from her three-bedroom rental house in San<br />
José until a sheriff came to her door. Between having<br />
her hours cut at work and needing to find a new place<br />
to live, times were becoming increasingly stressful for<br />
Lugo and her 16-year-old son, Daniel. Finding Bay Area<br />
Legal Aid was a godsend, Lugo says.<br />
“They did such a great job explaining the process to<br />
me, guiding me through what I needed to do,” Lugo<br />
says, relief replacing anger in her voice. With expert<br />
help from attorney Nadia Aziz, she was able to win<br />
a 60-day reprieve on the eviction. “Otherwise, I don’t<br />
know what we would have done.” one<br />
www.siliconvalleycf.org<br />
innovation through philanthropy 11
The<br />
Power<br />
of Corporate<br />
<strong>Philanthropy</strong><br />
c<br />
Dan Warmenhoven<br />
and NetApp weave<br />
generosity into<br />
company culture
Robert houser<br />
When <strong>Silicon</strong> <strong>Valley</strong> is booming, the region’s nonprofit<br />
organizations benefit. But when the boom ends, so does<br />
much of the largesse. Fortunately, not everyone turns<br />
off the philanthropic tap so abruptly.<br />
Dan Warmenhoven, chief executive officer of<br />
NetApp since October 1994 and chairman of its board<br />
since March 2008, has overseen the storage company’s<br />
transition from startup to upstanding corporate citizen.<br />
Recently ranked first on Fortune magazine’s list of 100<br />
Best Companies to Work For, NetApp has earned a<br />
reputation as a caring member of every community<br />
in which it has offices. Employees around the globe<br />
discover charitable groups and nonprofits that fit with<br />
their individual passions. NetApp supports their<br />
philanthropic efforts with cash, donated equipment<br />
and a unique program that lets employees spend up to<br />
40 hours of paid company time each year volunteering<br />
for the nonprofit or school of their choice.<br />
NetApp employees in <strong>Silicon</strong> <strong>Valley</strong> have forged<br />
close relationships with the Second Harvest Food<br />
Bank of Santa Clara and San Mateo Counties, the<br />
American Heart Association and the American Cancer<br />
Society. Simultaneously, Warmenhoven has served<br />
on numerous <strong>Silicon</strong> <strong>Valley</strong> nonprofit and charitable<br />
boards and operates the Warmenhoven Family Trust to<br />
provide more direct cash contributions to charity.<br />
Warmenhoven met recently with <strong>Silicon</strong> <strong>Valley</strong><br />
<strong>Community</strong> Foundation CEO and President Emmett<br />
D. Carson and ONE contributor Janet Rae-Dupree at<br />
NetApp’s headquarters in Sunnyvale.<br />
Tell us about the role of corporate philanthropy<br />
in shaping NetApp’s philosophy.<br />
Early on, we identified five constituents in our<br />
corporate values statement whom we serve: employees,<br />
shareholders, customers, business partners and the<br />
communities in which we are located. We believe that<br />
we should be involved in the communities in which we<br />
have a presence. We would like the people in each of<br />
these communities to feel that we’re a good neighbor,<br />
that we contribute to the community and that they<br />
want us to be there.<br />
Why did NetApp make philanthropy such a<br />
critical part of its corporate philosophy<br />
There was a book published around the time NetApp<br />
went public called Built to Last [by James C. Collins<br />
and Jerry I. Porras]. After we went public, the<br />
executive team agreed that we were on the brink of a<br />
great opportunity. We wanted to build a really great<br />
company. Our goal became: When Built to Last Version 2<br />
is written, we want to be a featured company.<br />
In addition, for whatever reason, we recruited a<br />
group of people who were particularly involved in<br />
the community. This included our executive team,<br />
who individually are very philanthropic in their<br />
personal lives.<br />
How do you decide where to focus your efforts<br />
This is not like the old days, where George Eastman<br />
decided how to donate the Kodak wealth. We let our<br />
employees drive the company’s focus. We believe that<br />
our employees should choose how they want to get<br />
involved in the community, and the company backs<br />
them. Typically, there is a high degree of employee<br />
participation in the organization before there are a lot<br />
of funds from NetApp going to the nonprofit.<br />
What type of philanthropy are you doing<br />
We’ve done a lot in three areas: cash, equipment and<br />
volunteer time. Our total contributions last year were<br />
just under $2.5 million. About half of that was in cash.<br />
The second component, which gets overlooked, is<br />
equipment. A lot of nonprofits have fairly antiquated IT<br />
systems, and we can really make a difference. Last year<br />
we donated almost $800,000 in NetApp systems and<br />
software. When our customers upgrade, we take their<br />
systems back and donate them to nonprofits, schools<br />
and universities. It’s a great program because the<br />
nonprofit is getting needed systems and software, we<br />
are supporting organizations that are important to our<br />
employees and we are reusing equipment that still has<br />
a useful life and market value.<br />
The third component is one we pioneered: the<br />
volunteer time-off program. An employee can take up to<br />
40 hours per year, with full pay and benefits, to volunteer<br />
at the nonprofit or school of their choice. Employees love<br />
it. This is a terrific win-win-win. The employees feel like<br />
they’ve got time to get involved at their kids’ school or at<br />
any other nonprofit in the community and that NetApp is<br />
supporting them. You see NetApp volunteers everywhere<br />
you go. We don’t lose anything in terms of employee<br />
productivity, either. Our employees are professionals.<br />
They’re goal-oriented. They get their jobs done.<br />
What are the challenges to continuing<br />
philanthropy through the downturn<br />
It comes back to the value system. Anything we give<br />
comes off the earnings line. You can argue that we’re<br />
taking away from shareholders at a time when we’re<br />
www.siliconvalleycf.org<br />
innovation through philanthropy 13
Dan Warmenhoven, left,<br />
and Emmett D. Carson.<br />
not quite at our normal profit levels. But giving is<br />
important to our employees. Recently, we had to reduce<br />
employment, about 6 percent of our global work force.<br />
You could argue that if we didn’t give $2 million to<br />
nonprofits, we might have more to support employment.<br />
Recently, we agreed to give about $250,000 in used<br />
equipment to help Second Harvest develop a database.<br />
One of our employees agreed to do the install. Turns<br />
out he was one of the people affected by the reduction<br />
in force. It was the week<br />
that he was to do the<br />
install, and he lost his job.<br />
He showed up anyway.<br />
He lost his job on Monday,<br />
and he showed up<br />
on Thursday to do<br />
the installation.<br />
Finding the balance<br />
between what’s fair to all<br />
parties is challenging.<br />
So how do you make<br />
those choices<br />
The issue for us comes<br />
down to cash and how<br />
much you put forward. The<br />
volunteer time-off program<br />
is popular, and it’s not going away. And in-kind<br />
donations are going to continue. You can’t just take one<br />
of the constituents and say, “Too bad. We’ll get back to<br />
you later.” This is a very challenging time, and the needs<br />
are even higher than usual. More people are out of work.<br />
I’m sure contributions to the nonprofits from the donor<br />
community are down. It’s a situation where the needs<br />
are greatest and yet the capacity is the lowest.<br />
One of NetApp’s founders has just written a<br />
book. Can you tell me about it We understand<br />
he’s generously donating his royalty proceeds<br />
to the NetApp Fund, a corporate advised fund<br />
at <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation.<br />
It’s called How to Castrate a Bull, and it’s Dave Hitz’s life,<br />
and a story about NetApp, too. Dave is a remarkable,<br />
gifted individual who was invited to attend a very select<br />
college called Deep Springs on the California-Nevada<br />
border. The students, besides being students, also work<br />
as farm hands. This is a life experience, and the class<br />
president every spring has to castrate a bull. The reason<br />
for the title, he says, is that was the first time he really<br />
understood the issues around managing risk. He had to<br />
figure out how he was going to do this without getting<br />
“We would like the<br />
people in each of these<br />
communities to feel that<br />
we’re a good neighbor.”<br />
himself kicked in the head and killed. When you’re in<br />
a startup, it’s all about risk management, so he found<br />
great similarities in that. How to Castrate a Bull is more<br />
about how to form a company and get through the very<br />
difficult times. It’s a great little read.<br />
What do you see going forward a few years,<br />
past the end of the recession<br />
<strong>Philanthropy</strong> is going to continue to grow, and we’ve<br />
been pretty creative at keeping it going through the<br />
downturn. One example stems from the policy we<br />
have here that vice presidents and above don’t officially<br />
have a vacation plan. So when we promote somebody<br />
internally, there’s vacation that’s accrued that they’re<br />
going to forfeit. What happens to the accrual The<br />
money’s already been set aside, so Jan [Stewart,<br />
community relations manager] said, “Let’s give it to<br />
our communities,” and created the NetApp Fund.<br />
The point is, there are ways to come up with creative<br />
funding to continue growing.<br />
Why do you work with the community<br />
foundation We’re proud of the fact that you’re<br />
the first company to do so after the merger.<br />
This is going to sound like we’re not interested in hard<br />
work, but, frankly, it just makes it easy. It takes away all<br />
the administrative and compliance issues. We don’t lose<br />
any control, but we make sure that everything is done<br />
the right way.<br />
What advice would you give other companies<br />
seeking to contribute as you have done<br />
Tie your efforts and programs back to the employees.<br />
As a policy, I don’t think we’ve ever given any funds<br />
or equipment to an organization where we didn’t have<br />
employee involvement first.<br />
The volunteer time-off program is an employee<br />
benefit and a community benefit. Most of the things we<br />
do are in that zone. It’s not either/or.<br />
Even when we were a very small company of perhaps<br />
100 employees, the employees quickly became active in<br />
support of Second Harvest. That certainly has grown.<br />
Another one is the heart walk for the American Heart<br />
Association. We’ve participated in that now for over a<br />
decade. There are more NetApp employees at the walk<br />
than almost any other company. one<br />
Robert houser<br />
14 innovation through philanthropy www.siliconvalleycf.org
siliconvalleycf.org<br />
<strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation news and resources<br />
c<br />
Sustaining <strong>Innovation</strong><br />
If <strong>Silicon</strong> <strong>Valley</strong> is to maintain its place as a center of innovation, its people need to apply their<br />
innovative thinking to develop and nurture a changing work force.<br />
That key message comes from Economic Restructuring and Workforce Transitions, a special<br />
analysis with the 2009 Index of <strong>Silicon</strong> <strong>Valley</strong>. The index is a comprehensive examination of the<br />
region’s economy and the health of the community, produced in partnership by Joint Venture:<br />
<strong>Silicon</strong> <strong>Valley</strong> Network and <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation. The special analysis<br />
focuses on the impact that the shifting economy and changing<br />
industries have on the community.<br />
The region needs to fill 30,000 jobs annually until 2016, and<br />
70 percent of those jobs will replace current workers. The region<br />
is not producing enough skilled workers to fill replacement<br />
jobs, including those in the tech sector. Also, some of the fastestgrowing<br />
industries are in community infrastructure, including<br />
health services, education, transportation and others. Meeting<br />
work force needs in these areas is crucial, as they provide the<br />
backbone of support that allows other industries to flourish.<br />
“We need a strong system of work force development<br />
to support adult worker retraining and transition,”<br />
says Emmett D. Carson, Ph.D., CEO and president of<br />
the community foundation. “The cost of inaction will<br />
undermine the region’s innovative capacity and overall<br />
competitiveness and, with it, our regional prosperity and<br />
quality of life.”<br />
For the full index and special analysis, visit<br />
www.siliconvalleycf.org/ONE/31c.<br />
Beyond the 3Rs<br />
In March, more than 100<br />
donors and leaders joined<br />
top thinkers to learn what<br />
skills students will need<br />
to succeed in the future.<br />
“Beyond the 3Rs: Literacies<br />
for the 21st Century”<br />
featured a distinguished<br />
panel of experts including<br />
Linda Darling-Hammond,<br />
leader of President Obama’s<br />
education transition team;<br />
former Adobe Systems<br />
CEO Bruce Chizen; and<br />
Gary Knell, CEO of<br />
Sesame Workshop.<br />
These experts led a<br />
rich discussion about<br />
innovations in digital<br />
learning, the skills<br />
employers require and<br />
the national policies<br />
needed to support our<br />
schools and students.<br />
eBay’s Bid for Business Services<br />
When eBay Foundation became an independent, private foundation on Jan. 1, 2009, it marked milestones for both eBay<br />
and the community foundation. eBay Foundation started as a donor advised fund at a parent organization of the community<br />
foundation in 1998; since then, it has made more than $18.5 million in grants to further its mission to contribute to the<br />
economic and social well-being of local communities. Now, it has evolved and will design and operate its own grant programs.<br />
It also has become the first fee-for-service client of the community foundation’s new business services department, created<br />
in 2008 to harness the power of corporate philanthropy. The community foundation will continue to manage the assets of the<br />
private eBay Foundation and will provide accounting, audit and other support services under the new structure. Read more at<br />
www.siliconvalleycf.org/ONE/31d.<br />
A Soaring Report<br />
T a k i n g<br />
In February 2009, the community foundation published Taking Flight in Turbulent Times, a report that<br />
reviews the lessons learned in our first two years and highlights the generosity of our donors and<br />
corporate partners. In 2008, a year filled with difficult economic news, our philanthropic funds increased<br />
grantmaking to $264 million. The community foundation distributed $5 million to help safety-net services<br />
in crisis through our own grantmaking and the safety-net fund contributions of donors and corporate<br />
partners. Read about these successes and others at www.siliconvalleycf.org/ONE/31e.<br />
F l i g h t<br />
i n T u r b u l e n t<br />
T i m e s<br />
A Report from <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation<br />
2009<br />
Jorg Greuel/Getty Images<br />
www.siliconvalleycf.org<br />
innovation through philanthropy 15
What If<br />
By John L. Maltbie<br />
What if children really were our future<br />
Scott Bushman<br />
How many times have we heard it said, “Our children are our future” But in tough times,<br />
services for children are the first to be cut. California’s annual budget has become an exercise<br />
in alchemy—promising too much and delivering too little. As our economy sank into the<br />
worst recession since the Great Depression, taxes were raised and $15 billion in services were cut.<br />
Who will bear the brunt of these cuts as they trickle down to local governments Our children.<br />
What if politicians acted like they really believed our children were our future The<br />
fundamental problem is that children don’t have a seat at the table when budget and funding<br />
decisions get made. They can’t vote, and they don’t have PACs.<br />
These are hard times, and tough decisions have to be made. But are we making the right<br />
decisions Are we making wise strategic choices that lay the groundwork for our future safety<br />
and prosperity We are told that education and health care for kids have to take their fair share<br />
of cuts because they cost so much. In education, California already ranks near the bottom of<br />
states in per-pupil funding and achievement. We know that to be successful in the global<br />
economy of the 21st century, we will need a knowledgeable and well-trained work force.<br />
The United States continues to have the poorest health care results for children among<br />
leading industrial nations. Our state ranks among the worst in childhood obesity.<br />
Asthma rates have risen sharply in the past 20 years. Nearly 1 million children have<br />
no health coverage. Children who are healthy are more likely to attend school, get<br />
more out of their education and become healthy, productive adults. When did our<br />
children’s health become a luxury we can no longer afford<br />
What if the next time the “Big Five” (the governor, speaker of the Assembly,<br />
president pro tem of the Senate and the minority party leaders in both houses) talked<br />
about the budget, they included a group of children and explained to them why their<br />
services were being cut Or what if, before a legislator could vote on the budget, he or<br />
she had to spend a day teaching at an intermediate school, working at a public health<br />
clinic or handing out basketballs at an evening recreation program<br />
What if children really had “rights” like you and I do Last year, the San Mateo County<br />
Board of Supervisors took a step toward that future by adopting a Children’s Bill of Rights,<br />
developed by the Peninsula Partnership Leadership Council and the San Mateo County Youth<br />
Commission. The bill has been endorsed by <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation and local city<br />
councils and school boards.<br />
Under this Bill of Rights, children are entitled to “access to a 21st-century<br />
education that promotes success in life . . . and . . . a healthy, mind, body and<br />
spirit . . . to maximize their potential.” If legislators had to consider these<br />
rights when making decisions, California’s budget priorities would almost<br />
certainly change. We would truly invest in our future instead of just<br />
talking about it. one<br />
c<br />
To read the Children’s Bill<br />
of Rights and learn more, visit<br />
www.siliconvalleycf.org/ONE/31f.<br />
c<br />
John L. Maltbie recently retired as county manager<br />
of San Mateo County after nearly 20 years on the job.<br />
16 innovation through philanthropy www.siliconvalleycf.org
Leave Your Legacy<br />
Nancy Scammell dreamed of honoring her family’s long<br />
history in the Bay Area. Though she passed away in 2007,<br />
her dream of providing perpetual support for educational<br />
programs has come true. Nancy’s will designated <strong>Silicon</strong><br />
<strong>Valley</strong> <strong>Community</strong> Foundation to receive her estate, including<br />
the family home, to create an endowment for education. Now<br />
the region’s children will benefit from the generous support<br />
of the Scammell family for many generations to come.<br />
at <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation<br />
www.giverealestate.org<br />
Learn more about how you can leave a legacy for the community.<br />
Call 650.450.5444 or email donate@siliconvalleycf.org
During this challenging economic environment,<br />
everyone is re-evaluating their investments and<br />
resources. At <strong>Silicon</strong> <strong>Valley</strong> <strong>Community</strong> Foundation,<br />
we are seeing increased demand for the services<br />
we provide to private foundations and corporations.<br />
We can streamline your costs<br />
and workload, leaving you<br />
free to focus on giving.<br />
Find out how you can outsource the administration<br />
of your private foundation or corporate giving<br />
program to an industry expert. Explore how<br />
you can turn your private foundation into an<br />
easy-to-manage advised fund. Find out why<br />
nearly 40 of the most well known corporations in<br />
our region work with the community foundation.<br />
Call 650.450.5444 or email donate@siliconvalleycf.org