dChan - Q Origins Project Archive

SILICON VALLEY COMMUNITY FOUNDATION ISA COMMUNITY CATALYST FOR POSITIVE CHANGE. WE PARTNER WITH DONORS, BUSINESSES, GOVERNMENTS AND (CONTINUED ON SCHEDULE O)

The Silicon Valley Community Foundation (SVCF) is a left-of-center grantmaking organization with over $11 billion in assets. The Foundation conducts most of its grantmaking through donor-advised fund (DAF) accounts established with oversight from individual donors who can advise how their gifts are distributed for charitable purposes.

SVCF has drawn criticism in recent years as a “Black Hole” for charitable donations because IRS rules and SVCF practice have allowed money to be held in DAF accounts for years with no required minimum payouts to charitable organizations (as are required of private foundations). [1] This allows donors to receive large tax breaks immediately, before the donations benefit charitable causes.

SVCF was rocked by scandal in 2018 when its largest fundraiser, Mari Ellen Loijens, resigned amidst dozens of allegations of abusive management and sexual harassment. An independent investigation by the law firm Boies Schiller Flexner found a number of the allegations “were substantiated,” leading to the ouster of former CEO Emmet Carson following an independent investigation. [2]

Donors to SVCF

SVCF is highly dependent upon substantial donations from a relatively small number of ultra-wealthy donors. According to its 2019 annual report, SVCF received 70 percent of its contributions from 11 donors; in 2018, 75 percent of its contributions came from just 10 donors, up from 69 percent of all contributions from 11 donors in 2017. [84] [85]

As of May 2018, at least 17 billionaires had donated to SVCF, including high-profile, left-of-center donors. [86] Most donors placed shares of stock into donor-advised funds (DAFs), allowing the donors to benefit from upfront tax benefits and the power to advise the disbursement of their donations. [87]

Facebook founder Mark Zuckerberg gave the largest donation to SVCF, amounting to $1.75 billion in Facebook stock in 2010. [88] In 2018, he gave an additional donation of $200 million. [89]

Most of the other billionaire donors are Silicon Valley CEOs or founders of companies, including WhatsApp cofounder Brian Acton, Twitter founder and CEO Jack Dorsey, and notable left-of-center donor and Netflix co-founder Reed Hastings. [90] Howard Schultz, the Starbucks chairman who explored a presidential campaign as an independent in 2019, also gave to SVCF. [91]

Grants from SVCF

In spite of its purpose as a grantmaking organization, SVCF disbursed just $1.8 billion in grants in 2017, just over 14 percent of its total assets. [92] That same year, SVCF assets increased from just $5.3 billion to $13.5 billion, surpassing the assets of the Ford Foundation. [93] Though SVCF is not required to publicly disclose specific asset sources, the increase likely came from the appreciation of SVCF investments, which include potentially 36 million Facebook shares, donated by founder Mark Zuckerberg. [94]

References

Semuels, Alana. “The ‘Black Hole’ That Sucks Up Silicon Valley’s Money.” The Atlantic.

Atlantic Media Company, May 18, 2018. https://www.theatlantic.com/technology/archive/2018/05/silicon-valley-community-foundation-philanthropy/560216/. ^

“Update from Silicon Valley Community Foundation Board of Directors.” Silicon Valley Community Foundation, June 27, 2018. https://www.siliconvalleycf.org/blog/announcements/update-silicon-valley-community-foundation-board-directors. ^

Woolfolk, John. “Warehousing Tech Elite’s Wealth? New Path Urged for Silicon Valley Charity.” The Mercury News. The Mercury News, August 1, 2018. https://www.mercurynews.com/2018/08/01/warhousing-tech-elites-wealth-new-path-urged-for-silicon-valley-charity/. ^

Schleifer, Theodore. “Today’s ‘Working Robber Barons’ Have Used a Tax Break to Create a $110 Billion Charity Stockpile That Isn’t Getting Any Smaller.” Vox. Vox, July 2, 2019. https://www.vox.com/recode/2019/7/2/18691693/silicon-valley-donor-advised-funds-fidelity-charitable-lawsuit. ^

Pender, Kathleen. “Silicon Valley Community Foundation’s Assets Surged in 2017. It Won’t Say Why.” SFChronicle.com. San Francisco Chronicle, February 24, 2018. https://www.sfchronicle.com/business/networth/article/Silicon-Valley-Community-Foundation-s-assets-12704936.php. ^

https://www.shalomdc.org/wp-content/uploads/2017/01/Jfed-Pub-insspection-990-6_30_15.pdf

>>15937069

Why she wouldn't define woman

Ketanji Brown Jackson Sits On The Board Of A School That Teaches Preschoolers To ‘Dismantle Cisgender Privilege’

By: Spencer Lindquist

March 23, 2022

3 min read

The board of trustees, of which Jackson has been a member since 2019, is also ‘involved with executing their ‘anti-racism action plan.”

eorgetown Day School, where Supreme Court nominee Ketanji Brown Jackson serves on the board of trustees, recently hosted a critical race theorist to indoctrinate pre-K students as part of a “Black Lives Matter at School’s Week of Action,” a campaign that seeks to turn children into extremist political activists.

Fox News recently reported that the school promotes critical race theory books and that the board of trustees, of which Jackson has been a member since 2019, is “involved with executing their ‘anti-racism action plan.’”

One section of the school website, archived here, displays that Georgetown Day School recently hosted Dr. Denisha Jones, a critical race theorist, to indoctrinate pre-K students with the corrosive left-wing theory. Jones joined the children via Zoom to discuss the guiding principles of Black Lives Matter at School Week of Action, where Jones has been a member of the steering committee since 2017.

The Georgetown Day School website includes a link to a Google Drive folder containing several graphics associated with the Week of Action, which described the mission of the campaign.

One graphic explains that one of the Week of Action’s principles is to be “Transgender Affirming,” which means working to “dismantle cisgender privilege and uplift Black trans folk.” One of the principles is also titled “Black Villages.” The poster continues“We disrupt the Western-prescribed nuclear family.”

Another document in the folder is titled “Black Lives Matter Guiding Principles,” and is specifically noted as “Kid-friendly.” One of the principles is “globalism.”

Yet another document outlines the demands of the campaign, among which are “fund counselors not cops” and “mandate black history and ethnic studies.”

Jones has also openly defended critical race theory. In a panel discussion, called “In Defense of Critical Race Theory,” Jones remarked that “Without critical race theory, people will fall back on those old tropes that we know continue to harm students.” Jones, who has promoted black trans prostitutes on Twitter, also took part in an event titled “Standing Up To CRT Attacks: Strategies and Actions.”

Jones is also an editor of a book called “Black Lives Matter At Schools,” which received glowing praise from various critical race theorists. Michael Bennet, author of “Things That Make White People Uncomfortable,” called it “a playbook for undoing institutional racism,” while the infamous Ibram X. Kendi described it as an “essential resource.”

Neither Georgetown Day School Head Russell Shaw nor Denisha Jones returned a request for comment.