the rotary club of san jose december 10, 2014 innovative philanthropy in silicon valley: trends...
TRANSCRIPT
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?
3
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
11
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)
12
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
13
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
15
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
16
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%
17
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
19
Innovations: Local Foundation Initiatives
Sobrato FamilyFoundation: SEAL (PreK-3 Model for ELLs)
The David and LucilePackard Foundation:Cultivating Empathy
20
Innovations: New Ways of Working
21 What We Can Do
22
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
23
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