Silicon Valley Community Foundation Awards $1.6 Million

The Silicon Valley Community Foundation has announced grants totaling more than $1.6 million in support of organizations working to advance economic security and planning efforts in the region.

The awards include twenty-eight grants totaling $865,000 to organizations offering financial education and asset-building assistance to low- and moderate-income residents of the valley. Recipients include Samaritan House, which was awarded $40,000 to empower low-income individuals and families in San Mateo County to change their financial behavior and achieve long-term economic self-sufficiency through a bilingual, in-house financial coaching program; and the AnewAmerica Community Corporation, which will receive $15,000 to expand its tax preparation assistance, financial literacy education, and one-on-one counseling programs in Santa Clara County.

The foundation also awarded $745,000 in support of local and regional planning efforts aimed at promoting affordable housing and transit-oriented development, access to green space, and greater coordination and civic engagement. Recipients include the San Francisco Organizing Project/Peninsula Interfaith Action, which was awarded $80,000 to train and empower low-income residents and residents of color to find long-term solutions to the housing affordability and displacement crisis in Santa Clara and San Mateo counties; and the Legal Aid Society of San Mateo County, which will receive $15,000 in support of a research project aimed at preserving mobile home parks in San Mateo County.

"As the cost of living in Silicon Valley has increased, our grants to deliver financial education and asset building programs for low-income people have grown even more important," said Manuel Santamaría, vice president of strategic initiatives and grantmaking for SVCF. "Likewise, SVCF's grants to improve residents’ access to affordable housing and public transit help address very timely needs across the Silicon Valley community."