1/26/2024 0 Comments Nicole voicey eastbaySVCF’s history in some ways mirrors that of Silicon Valley. The board named an interim leader, shifting its sights from fund-raising and asset building to survival mode and a global search for a new leader. The CEO and the top fund-raiser resigned. Scathing articles referred to the “meltdown” or “implosion” at SVCF, turning it into a national news story. At the same time, criticisms mounted: that the foundation had allowed billionaire donors to benefit from tax breaks by parking their funds without making many disbursements that it enabled donors to pursue international philanthropic interests while failing to adequately serve its own community that it created an intimidation-fueled workplace. It grew by 507 percent in the decade spanning 2008 to 2018, making it the ninth-largest foundation (and largest community foundation) in the United States, with $8.9 billion in assets. SVCF has come under fire in recent years. It’s also why housing is one of the priorities of the Silicon Valley Community Foundation (SVCF), where Taylor, ’90, MA ’91, took the helm in November 2018. The view-a family living in a vehicle right outside one of the richest foundations in the world-illustrates the wealth gap that has made Silicon Valley a national focal point for the contrast between the haves and have-nots. “That motivates me,” Taylor says, gesturing to the camper below. Each weekday morning a young woman dressed neatly in a skirt and heels steps out and waves goodbye. Two adult bikes hang on a rack attached to the rear of the vehicle the children’s bikes are piled on the roof. Nicole Taylor stands at her second-floor office window looking at the tan and white Tioga camper parked on a side street below.
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