THE ROTARY CLUB OF SAN JOSE DECEMBER 10, 2014 Innovative Philanthropy In Silicon Valley: Trends & Opportunities Alexa Cortes Culwell

Today’s Time Together  Explore the region’s growing need, and the opportunity to apply ingenuity and resources to address increasing disparities in SV Can Silicon Valley become as acclaimed for generosity and social problem solving as it is for technological innovation?

Our Next Twenty Minutes… 3  A Region of Contrasts  How We Measure Up  The State of our Local Nonprofits  Highlight Innovations  How We Can Help

A Region of Contrasts 4

Homelessness 5

Affordable Housing 6

Food Security 7

Public Education 8

Job Opportunities 9

How We Measure Up 10

How America Gives: Share of income:  4.6% Total giving:  6% Share of income:  4.5% 11 Wealthiest Americans (over $200k)Other Americans (under $100K) Source: “How America Gives” The Chronicle of Philanthropy, October 2014 Analysis of itemized tax returns comparing 2006 giving with 2012 giving: (Percentage of adjusted gross income)

How America Gives: Top 50 Metro Areas 1. Salt Lake City: 5.4% 2. Memphis: 5.1% 3. Birmingham: 4.8% 45. San Francisco/Oakland/Fremont 2012 Giving: 2.4% (-5.2%) 48. San Jose/Sunnyvale/Santa Clara 2012 Giving: 2.2% (-7.8%) 12 Local Metro Areas Lag Behind Three Metro Areas 2012 Giving Top the List [ Each increased since 2006 ] Source: “How America Gives” The Chronicle of Philanthropy, October 2014

How America Gives: Wealthiest SV Cities 13 Share of income down from 2006, but higher than peers 2012 Share of Income [AGI]:  Palo Alto4.57%  Portola4.11%  Atherton 3.96%  Woodside 3.57%  Los Altos Hills3.24% Source: “How America Gives” The Chronicle of Philanthropy, October 2014

State of our Local Nonprofits 14

Our Local Nonprofits: Some Good News 15  Government funding has rebounded after drastic cuts  Many nonprofits focused on private philanthropy during downturn  Corporate giving is up, although targeted  Nonprofit sector is the 4 th largest employer in the State of California …But nonprofit expenses are expected to increase significantly with passage of living wage

Our Local Nonprofits: Some Good News 16  Revenues  17%  Private Philanthropy  14%  Operating Deficit 37% (~10% higher than nat’l avg)  Breaking Even 27%  Surplus 36%

Our Local Nonprofits: Need is Rising 17  About 80% report need is rising (according to 2 separate surveys)  Only 3% report decreases  45% say they are struggling to meet demand

Innovations: New Ways of Working 18

Innovations: Local Foundation Initiatives  Sobrato Family Foundation: SEAL (PreK-3 Model for ELLs)  The David and Lucile Packard Foundation: Cultivating Empathy 19

Innovations: New Ways of Working 20

What We Can Do 21

Offer Our Treasure, Time & Talents 22  Cultivate empathy  Give more share of income  Give flexibly to help with increased costs for nonprofits  Target nonprofits serving the most vulnerable

Offer Our Treasure, Time & Talents 23  Lend/align your time and expertise to needs (e.g., be mentors or tutors, serve on nonprofit boards…)  Leverage your positions, networks, and ingenuity

Q&A 24

Let’s become a region of innovation and generosity