Town Square

A billion-dollar year for Silicon Valley foundation

Original post made on Oct 3, 2013

A contribution worth $500 million from Facebook founder and CEO Mark Zuckerberg helped propel the Silicon Valley Community Foundation to a record-breaking year in amassing charitable funds in 2012 -- $985 million altogether, officials said Tuesday.

Read the full story here Web Link posted Thursday, October 3, 2013, 9:50 AM


Like this comment
Posted by Joh
a resident of Barron Park
on Oct 3, 2013 at 12:39 pm

Isn't this the foundation that has advocated immigration reform? Since they wanted more visas for high-performing technical types who they might hire at lower salaries than current citizens donations might be thought of as a tax-deductible political contribution.

Like this comment
Posted by Sylvia
a resident of Midtown
on Oct 3, 2013 at 3:18 pm

@Jon: Zuckerberg has been actively working toward immigration reform; and of course this has a lot to do with hiring foreign born engineers and nothing to do with Mexican laborers.

But, is there evidence that the charitable foundation puts money toward political lobbying? I would think that would not be legal.

Like this comment
Posted by Chris Kenrick, Palo Alto Weekly Staff Writer
a resident of Old Palo Alto
on Oct 3, 2013 at 3:37 pm


Carson said community foundations are permitted to engage in some lobbying activities, within limits. Web Link

Like this comment
Posted by musical
a resident of Palo Verde
on Oct 3, 2013 at 3:55 pm

I can't imagine PAHC doing any political lobbying.

Like this comment
Posted by Matt
a resident of Midtown
on Oct 3, 2013 at 10:19 pm

May be they can build some affordable housing units for folks in need. Facebook is building 394 apartments, in which only 15 will be allocated to low-income folks . This billion could of could do wonders when we're talking about affordable housing.