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For Immediate Release Silicon Valley Urgency Fund Grants Help Close the Funding Gap for Local Agencies Serving Region's Neediest ResidentsSan Jose, CA - With local agencies serving Silicon Valley's most vulnerable residents facing record fiscal challenges, the Silicon Valley Urgency Fund at Community Foundation Silicon Valley announced its second round of grants - which will in most cases will cover 10 percent of each agency's projected unmet need. "Now we're hoping the community will step forward to cover the remaining 90 percent," said Jeff Skoll, chairman and founder of the Skoll Foundation, Community Foundation Silicon Valley's largest supporting foundation. Skoll initiated the Silicon Valley Urgency Fund last October to respond to agencies' need to meet increased demands for their services at the same time that they face steep declines in charitable donations and government funding due to the recession and other forces. Forty-seven agencies that provide food, clothing, shelter, and primary healthcare to Silicon Valley families will receive the second and final round of grants today from the Silicon Valley Urgency Fund. "Our goal is to help the most critical safety net services meet rising community needs during this difficult time, Skoll said. "For those who can help, it's time to rally; together we can make the difference for Valley agencies and the families who rely on them for help." "These grants will help strengthen our local safety net during a time when many agencies are seeing more families needing help and are facing major losses in government support due to the state deficit," said Mark Walker, president of United Way Silicon Valley, which is receiving a $81,075 grant from the Urgency Fund for its Emergency Assistance Network. Skoll initiated the Urgency Fund with a Skoll Foundation grant of $2.5 million to Community Foundation Silicon Valley for the purpose of making "above and beyond" grants to organizations that would not ordinarily qualify for Skoll Fund support, and to encourage others to make similar commitments. Several local philanthropists joined the effort, and Community Foundation Silicon Valley added $150,000 that the foundation had received from the California Endowment to fund nonprofits meeting local emergency needs, raising the total to just under $3 million. Other partners include the Steven and Michele Kirsch Foundation; the Lucile Packard Foundation for Children's Health; the Morgan Family Foundation; Steve and Anita Westly; Silicon Valley Social Venture Fund (SV2); David and Holly Mendel; the Mellam Family Foundation; and Laura and Gary Lauder.
Nominees who met the Fund's criteria for delivery of critical services in the areas of shelter, food, and primary health care were asked to verify their budgets, to estimate the increased need for their services, and to estimate the gap between community needs and their available resources. "Every agency, big or small, plays a vital role in strengthening the Silicon Valley community," said Sally Osberg, president of the Skoll Foundation. "We decided to award the remaining Urgency Fund to agencies, based on their projected unmet needs for the current fiscal year. Our goal is to provide 10 percent and help bridge the gap. It is vital that the community step forward to support the charities serving our most needy residents." During this downturn, public benefit corporations are seeing greater need for their services, at the same time that many in the community have cut back on their charitable giving, Osberg said. "The slowdown in the economy has meant more and more families here in Silicon Valley need help meeting the basic needs of life. No one in our community should have to go hungry or homeless; working together, we can make sure that they don't." "Silicon Valley is blessed with great generosity," said Peter Hero, president of Community Foundation Silicon Valley. "We pull together in difficult times. Today's grants will go part way towards meeting the tremendous need that exists, but the community needs to step forward and help as well."
Urgency Fund Grantees for Round 2: African American Community Center, San Jose: $2,000
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