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At Silicon Valley Community Foundation, growth and change are part of our everyday
lives. But even by our standards, 2012 was a remarkable year.
We can begin to illustrate the phenomenon with just three numbers: We distributed
$294 million in grants last year, more than ever before ­ and more than any other
community foundation in the United States. We received a record $993 million in
charitable contributions. Our assets under management rose to $2.9 billion, nearly
double the total from just four years earlier.
Clearly, 2012 marked a significant point in our history and helped underscore our
position as the nation's leading center of philanthropy.
Investing in the Common Good, our annual financial report, focuses on our audited
financial results, and the details behind those results, for that remarkable year.
We take a look at last year's tremendous financial growth, the allocation of our
grantmaking monies and the impressive performance of our investments. Along with
the annual program report we published in March 2013 ­ At Home in a Global
Community ­ this document showcases the impact we are making locally and globally
along with donors, corporate partners, grantees and community leaders. Because public
accountability is one of our core values, you'll find information here that clearly conveys
both our financial health and our steadfast commitment to responsible stewardship of
the funds entrusted to us by donors and partners. You can find our full, audited financial
statements and notes at siliconvalleycf.org/financial-data.
Because of the vision and support of our board of directors and the generosity of
our donors, we are continually working to improve the common good and expand our
ability to do even more.
Emmett D. Carson, Ph.D.
CEO and President
Vera Bennett
Chief Operating Officer/Chief Financial Officer