""Am I satisfied? No," Nicole Taylor, CEO of the Silicon Valley Community Foundation, told San José Spotlight. "There is good news in 2025, though, that we've already exceeded through the third quarter what the (local) grantmaking has been in 2024.""
""I think the needles are moving in the right direction," Taylor said. "Just not as fast as I'd like.""
""We are a valley of transplants, so a lot of people want to give back to their home country, or their home state or home city," Taylor said. "There's also the national and global crises that our donors pay attention to.""
Silicon Valley donors contributed $1.52 billion to philanthropy in the past year, with only 8.6% directed to local needs in Santa Clara and San Mateo counties. Seventy-nine percent of donated funds left the region to support causes beyond the Bay Area, the state, and the United States. Local giving has remained below 10% annually for at least five years, reaching a low of 3.9% in 2023-24. Through the third quarter of 2025, $131 million went to local organizations, nearing the prior year's $182.2 million, while international funding fell by about $35 million. Contributing factors include a transient tech workforce, global donor identities, and donor focus on national and international crises.
Read at San Jose Spotlight
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