Advancing Financial Stability
Forecasted
Advancing Financial Stability supports residents of Silicon Valley and the peninsula through grantmaking focused on improving financial stability and economic equity in response to growing income inequality.
Funder: Silicon Valley Community Foundation
Due Dates: By invitation only
Funding Amounts: Not specified
Summary: Supports financial stability for residents of Silicon Valley and the peninsula, addressing the region’s growing income inequality.
Key Information: SVCF is not accepting unsolicited proposals for this strategic initiative.
Description
Advancing Financial Stability is a strategic grantmaking initiative of Silicon Valley Community Foundation (SVCF). It focuses on improving the financial stability of residents in Silicon Valley and the peninsula, placing economic equity at the center of its response to the region’s growing income inequality.
SVCF identifies this inequality as a root cause of many regional challenges. Over the past decade, financial inequality in Silicon Valley and the peninsula has grown at twice the rate of the rest of California and the country. The top 16% of households hold 81% of the region’s wealth, while the bottom 53% hold only 2%. This widening economic divide informs the foundation’s priority to advance residents’ financial stability.
