The Hidden Power Players Shaping Silicon Valley's Philanthropy

Nicole Taylor, president and CEO of the Silicon Valley Community Foundation, reveals key insights on philanthropy. In 2023, the foundation in Mountain View, California, saw its donations surge to nearly $4.6 billion from the previous year's $2.6 billion, driven by large donors. Predicting donor activity in 2024 remains challenging due to global and local factors. Donor-advised funds have broadened participation in philanthropy, allowing more people to contribute without creating private foundations. The foundation promotes donations through various issue area funds and moves contributions to a community fund if donors are inactive for over two years. It actively addresses racial justice through the California Black Freedom Fund, supporting legal education and advocacy. In Silicon Valley, tech, politics, and giving intersect, with donors from both political parties being particularly active around elections. The foundation emphasizes civic engagement and journalism to influence public participation. Technology plays a crucial role in enhancing civic engagement and combating disinformation.

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