the rotary club of san jose december 10, 2014 innovative philanthropy in silicon valley: trends...

THE ROTARY CLUB OF SAN JOSEDECEMBER 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 acclaimedfor generosity and social problem solving

as it is for technological innovation?

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Our Next Twenty Minutes…

A Region of Contrasts   How We Measure Up The State of our Local Nonprofits Highlight Innovations How We Can Help

4 A Region of Contrasts

Homelessness5

Affordable Housing6

Food Security7

Public Education8

Job Opportunities9

10 How We Measure Up

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How America Gives: 2006 - 2012

Share of income:

$4.6%

Total giving:

#6%

Share of income:

#4.5%

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)

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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%)

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

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How America Gives: Wealthiest SV Cities

Share of income down from 2006, but higher than peers

2012 Share of Income [AGI]: Palo Alto

4.57% Portola

4.11% Atherton

3.96% Woodside

3.57% Los Altos Hills

3.24%

Source: “How America Gives” The Chronicle of Philanthropy, October 2014

14 State of our Local Nonprofits

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Our Local Nonprofits: Some Good News

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 4th largest employer in the State of California

…But nonprofit expenses are expected to

increase significantlywith passage of living

wage

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Our Local Nonprofits: Some Good News

Revenues #17%   Private Philanthropy #14%

Operating Deficit 37% (~10% higher than nat’l

avg)

Breaking Even 27% Surplus 36%

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Our Local Nonprofits: Need is Rising

About 80% report need is rising(according to 2 separate surveys)

Only 3% report decreases

45% say they are struggling to meet demand

18Innovations: New Ways of Working

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Innovations: Local Foundation Initiatives

Sobrato FamilyFoundation: SEAL (PreK-3 Model for ELLs)

The David and LucilePackard Foundation:Cultivating Empathy

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Innovations: New Ways of Working

21 What We Can Do

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Offer Our Treasure, Time & Talents

Cultivate empathy

Give more share of income

Give flexibly to help with increased costs for nonprofits

Target nonprofits serving the most vulnerable

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Offer Our Treasure, Time & Talents

Lend/align your time and expertise to needs (e.g., be mentors or tutors, serve on nonprofit boards…)

Leverage your positions, networks, and ingenuity

24 Q&A

Let’s become a region of innovation and generosity