Although many states have enacted legislation to cap interest rates for pay-day loans, California has yet to. Here, predatory lenders — who target low-wage workers who struggle to cover rent, food, and services for their families — can charge more than 400% annualized interest.
A new batch of organizations just got a $2.4 million boost thanks to a prominent local funder. The dollar amounts for the focus categories were pretty evenly split, but the targets within each category are very specific.Read More
Banks and insurance companies aren't alone in promoting financial inclusion these days. Here's how the Silicon Valley Community Foundation is helping the not-rich class gain access to financial tools and information.Read More
Until now, only San Mateo, Santa Clara and San Benito County nonprofits could participate in the Silicon Valley Community Foundation's annual online fundraiser. Now SF groups can get in on the action too.Read More
Alarming statistics spawned the creation of the Big Lift, a San Mateo County effort to make at least 80 percent of youngsters literate by 2020. But it takes a massive foundation to get things moving. Cue the SVCF.Read More
Earlier this month, the Silicon Valley Community Foundation (SVCF) announced the formation of a new center aimed at improving early childhood education programs in the Silicon Valley. Avo Makdessian will be the program’s new director, leaving his previous position of Policy Director at First 5 Santa Clara County.Read More
SVCF's education grantmaking puts a big emphasis on teacher development and training strategies in the field of mathematics. It recently made a $768,407 commitment to helping Bay Area middle school teachers develop their mathematics instruction skills.Read More
This story isn’t just about Bay Area foundations that give away piles of cash due to their extreme profitability and wealth. The Silicon Valley Community Foundation’s 2013 Corporate Citizenship report has found giving amongst Bay Area companies soars far above the giving rates in other parts of the country, and we’re here to take in a peek inside the numbers and find out why.Read More