The Silicon Valley Community Foundation (SVCF) is a donor-advised community foundation serving the Silicon Valley region. It is the largest charitable foundation in Silicon Valley. SVCF is a 501(c)(3) organization that publishes annual reports of its financial transactions and grantmaking. As a donor-advised fund sponsor, the IRS allows donors to claim a tax benefit immediately upon donating the assets to the donor advised fund, but may defer when the assets are distributed as grants to charities. The fund is not legally required to distribute any assets, like family foundations are, so there is little pressure to move money. More information...
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