How the New Wave of Tech Philanthropists Are Using Complex Assets to Make A Big Impact Presented by Mari Ellen R. Loijens Erik Dryburgh

Introductions Mari Ellen R. Loijens, CFRE Chief Business, Development and Brand Officer Silicon Valley Community Foundation @mrloijens @siliconvalleycf Erik Dryburgh, J.D. Principal Adler & Colvin dryburgh@adlercolvin.com

About Adler & Colvin The mission of Adler & Colvin is: To provide legal services and support to the nonprofit and philanthropic sector in the U.S., including: providing outstanding specialized legal services and resources to clients; educating organizations, other service providers, and the public about nonprofit and philanthropic law and culture through teaching, publishing, and other means; and improving the laws that apply to the nonprofit and philanthropic sectors. Adler & Colvin is a for-profit law firm focused for over 30 years on helping its clients promote a better world.

About SVCF Silicon Valley Community Foundation advances innovative philanthropic solutions to challenging problems. As the largest community foundation in the world, we engage donors and corporations from Silicon Valley, across the country and around the globe to make our region and world better for all. Our passion for helping people and organizations achieve their philanthropic dreams has created a global philanthropic enterprise committed to the belief that possibilities start here.

$1.3 BILLION $49.7 MILLION $19.2 MILLION $8.2 BILLION $1.4 BILLION SVCF By the Numbers In 2016, SVCF and our donors gave: $1.3 BILLION In grants to charities around the world $49.7 MILLION In grants from Corporate Advised Funds $19.2 MILLION In grants and disbursements from SVCF’s discretionary funds In 2016, SVCF had: $8.2 BILLION In assets under management $1.4 BILLION In contributions received

Why Cash is Not Always King

The Trendsetter

In the News

Amount SVCF Has Accepted in complex gifts since 2011 $2.3 Billion

Case Studies

Case Study: Square Square Directed Share Program Shares held through lock-up Results: Mission of company and founder supported through gift Immediate liquidity for grantmaking SVCF able to further donor’s philanthropic interests

What do the lawyers worry about? Case Study: Facebook What do the lawyers worry about? Can the donor give the stock at all? “Do no harm.” Will the charity get any cashflow? Will there be a liquidity event? Valuation. Securities law.

Case Study: Partnership Interest Examples Typically an investment partnership What do the lawyers worry about? Can the donor give the interest at all? “Do no harm.” Limited partner Capital calls Phantom income Will the charity get any cashflow? Will there be a liquidity event? Valuation.

Questions? © 2016 SILICON VALLEY COMMUNITY FOUNDATION

Thank You For more information, please contact: Mari Ellen R. Loijens Chief Business, Development and Brand Officer Silicon Valley Community Foundation Erik Dryburgh Principal Adler & Colvin mrloijens@siliconvalleycf.org @mrloijens www.siliconvlleycf.org dryburgh@adlercolvin.com www.adlercolvin.com www.nonprofitlawmatters.com © 2017 SILICON VALLEY COMMUNITY FOUNDATION