|$8 Million in Giving in 2011|
In 2011 PVF set a record for its giving at $8.1 million. Up from $5.6 million in grants made in 2010.
For many foundations, giving is set at 5% of assets. PVF's giving would put it at $160 million in size, but we are nowhere near that size. We do what we do by raising the funds from people like you, and by giving out money way beyond the 5% measure.
We give out hundreds of grants, small sums to teachers and social workers, larger grants to programs primarily in San Mateo County but also in Alameda and Santa Clara counties. We even gave $2 million in international grants.
Some of our giving is discretionary, meaning we decide where to give. Some giving is donor advised, where the
donor decides. We are proud that much of our giving is
unique - to teachers, social workers, juvenile court judges. Much of our giving is for discretionary use by the agency staff, meaning
|A preschool students at Nesbit Puma Cubs |
in Belmont, CA engage in a math activity
their teacher purchased through a
PVF Teacher Grant.
general support. And many grants are first time seed funding to outstanding grassroots organizations. All of our giving is immediate response with grants awarded in 48 hours. We are one of the only foundations in the country doing this.
Our Work in Poverty
PVF gives out about $800,000 a year to programs relating to poverty, with grants ranging in size from $1,000 to $125,000. 85% of this giving is on the Peninsula and 15% is in Oakland.
A primary focus of PVF is on poverty and programs that address this issue through education, food-clothing-housing services, health, youth, legal. These are safety net programs that make life livable and help people stabilize their lives and get ahead.
PVF gives continuing funding to many of these programs. It is our feeling that these programs are run by outstanding individuals and that is the hallmark of PVF: "find outstanding people and fund them" and do it quickly when they need the money.
While the philanthropic field has evolved into more bureaucratic directions, such as requiring 25+ hours to complete an application for funding from a foundation, PVF has moved to paperless giving wherein the foundation staff will delineate what the money is for and come to an agreement for funding. We are possibly the only foundation doing this but we feel this might be the future of philanthropy with less emphasis on paper as due diligence.
Alleviating poverty is something that takes the best thinking we can come up with, something that tests our mettle in willingness to trust applicants, something that challenges everyone to be their brother's keeper.
We thank you, our donors, for making our work possible.
Philanthropic Ventures Foundation has come to depict exciting philanthropy - grassroots giving that is born out of creative thinking. If readers would like to explore new possibilities in their giving, we are ready to meet at your convenience. We believe your giving should be fun, satisfying and significant.
We can be reached at (510) 645-1890.
About the Editor
Bill Somerville has been in non-profit and philanthropic work for 50 years. He was the director of a community foundation for 17 years, and in 1991 founded Philanthropic Ventures Foundation where he serves as Executive Director. PVF is a demonstration foundation practicing unique forms of grantmaking and conducting innovative philanthropy. Bill has consulted at over 400 community foundations in the United States, Canada, and the U.K., on creative grantmaking and foundation operations. His primary interest is in the creative and significant use of the philanthropic dollar.
Board of Directors
Duncan Beardsley, Chair
Generosity in Action
John P. Carver
Retired Senior Vice-President
The Gap Inc.
William E. Green
William Green & Associates
Albert J. Horn
Carr, McClellan, Ingersoll,
Thompson & Horn PC
Bill Somerville, President
Philanthropic Ventures Foundation
12th District of California
Moira C. Walsh
Colburn S. Wilbur
Trustee and Former President,
David and Lucile Packard Foundation
Board of Advisors
Director, San Francisco Office,
The Foundation Center
Judge-in-Residence, California Administrative Office of the Courts
The Eustace-Kwan Family Foundation
Chief Philanthropy Officer,
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