Press Release - November 5, 2014

SVCF Grants $1.8 Million To Local Nonprofits For Financial Education, Building Strong Communities

MOUNTAIN VIEW — Silicon Valley Community Foundation has awarded a total of $1.8 million to support organizations that provide financial education and services to low- and moderate-income residents of San Mateo and Santa Clara counties, and organizations working to improve land use, affordable housing and public transportation options for people of all income levels.

Grant amounts range from $10,000 to $200,000 and are spread among two of SVCF’s grantmaking focus areas: economic security and building strong communities. Forty-nine grants will go to nonprofit organizations serving the two counties.

“These grants will help ensure that more people in Silicon Valley can build stable financial futures for themselves and their families, and will help build communities that include more housing that people can afford and transportation options that really work,” said Manuel Santamaria, vice president of strategic initiatives and grantmaking for SVCF.

Of the $1.8 million awarded, 29 grants totaling $840,000  will go to organizations offering financial education and asset-building assistance to primarily low- and moderate-income households in San Mateo and Santa Clara counties. The work of these grantees is aligned with SVCF’s grantmaking strategy on economic security, which aims to increase availability of financial education and reduce predatory lending to help families achieve greater economic security.

Among the economic security grantees:

A total of $961,000 will go to support 20 nonprofit organizations  whose programs align with SVCF’s grantmaking strategy for building strong communities. This strategy supports local and regional planning efforts that promote affordable housing and transit-oriented development, access to green space and greater coordination and civic engagement in regional planning issues.

Among the building strong communities grantees:

  • Urban Habitat will receive $65,000 to conduct research on transit-oriented development (TOD), advance equitable transportation options, prevent displacement and support bus rider organizing in San Mateo and Santa Clara counties. 
  • Sacred Heart Community Service will receive $25,000 to build a transportation action committee that will organize and develop leadership among low-income individuals to promote publication transportation in Santa Clara County.

You can view a full list of the organizations receiving financial education and asset-building grants here.

You can view a full list of the organizations receiving building strong communities grants here .

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About Silicon Valley Community Foundation
Silicon Valley Community Foundation makes all forms of philanthropy more powerful. We serve as a catalyst and leader for innovative solutions to our region’s most challenging problems, and through our donors we award more money to charities than any other community foundation in the United States. SVCF has more than $6 billion in assets under management. As Silicon Valley’s center of philanthropy, we provide thousands of individuals, families and corporations with simple and effective ways to give locally and around the world. Find out more at http://www.siliconvalleycf.org.