Peninsula Community Foundation and Community Foundation Silicon Valley, two of the nation's most well recognized community foundations - despite the fact that each is named after a place that you can't find on a map - are merging. The story is here. Based on the headline, all that matters is how much money the combined entity would have.
Anybody wonder or care about whether or not one organization will do positive things for these communities that two entities weren't doing? Couldn't do? Wouldn't do?
1 comment:
Actually, the headline kind of a misnomer since both of those community foundations have relatively little 'control' over the grantmaking by their donor advised funds. Peninsula had discretion over 5.6% of their grants in 2005, and CFSV had less than 2% (cite: League of CA Community Fdns). What will that figure be for the new entity? The new CFPSV will be a major investor in financial markets, but what about its investments in the local communities?
Post a Comment