IN THIS ISSUE:

• Letter from the CEO: What does it mean to be a global citizen?
• What Were Those Rules Again?…The Deduction Limitations
• Keeping You Informed! New Investment Pools for Clients Available Aug. 1
• Read the New Issue of ONE: Innovation Through Philanthropy

UPCOMING EVENTS:

• Valley Council Advisors Luncheon on Sept. 3
  
  
• Regional Meeting on Oct. 15: Save the Date
  Silicon Valley Community Foundation begins a new tradition this fall with our first Regional Meeting. The meeting is free but registration is required and seats are limited. Click here to learn more and sign up now!
  
  
• Wealth and Families Seminar for Professional Advisors on Oct. 29

Letter from the CEO: What does it mean to be a global citizen?
For those of you who have watched primetime television over the past month, you may have seen the commercials for 2008 Olympics in Beijing, China. The narrator concludes the commercial saying, “For a few short weeks the world will come together and be one nation, one world.”

While this commercial is intended to encourage viewers to watch the Olympics, it is also intended to promote a sense of global citizenship. I had a similar aim when I spoke at the University of California, Santa Barbara commencement ceremonies. As I shared with the graduates, I believe that we are moving away from a narrow view of citizenship focused on one’s home nation to a view of global citizenship that recognizes that we share one world and have a common humanity. We are entering a new age in which we will increasingly see ourselves as global citizens who are concerned about and act in ways to make our world a better place.

What Were Those Rules Again?…The Deduction Limitations
John M. Wunderling, partner at the San José law firm Ferrari Ottoboni Caputo & Wunderling LLP, discussed various types of charitable contributions and their deductibility during a popular session at the annual Conference on Charitable Giving 2008 this past May. The conference was co-sponsored by Silicon Valley Community Foundation and Stanford University and featured expert presenters and a variety of significant topics in the gift and estate planning field. Were you unable to attend? Sign up to be on our mailing list for next year’s conference and read on for a summary of one of the more highly rated sessions.

Keeping You Informed! New Investment Pools for Clients Available Aug. 1
One of the reasons why so many professional advisors refer clients to Silicon Valley Community Foundation is because of our world-class investment management. We recently developed a series of new investment options to help your clients maximize their philanthropic effectiveness and choose the best investments for their funds at the community foundation.

Read the New Issue of ONE: Innovation Through Philanthropy
We are excited to introduce the second issue of ONE: Innovation Through Philanthropy magazine. Read the online version now and look for ONE to arrive in your mailbox soon. Highlights of this issue include stories on creative approaches for helping immigrants in San Mateo and Santa Clara Counties turn their aspirations into reality, an interview with fund advisor and E*Trade co-founder Bernie Newcomb and thoughts from Frank Sharry, a national leader on immigration about his vision for our region.