NCG member Sobrato Family Foundation has announced that its board recently approved a second multi-million grant round this year, giving more than $3.8M to a range of organizations working toward the goal of economic mobility for all residents in an increasingly divided Silicon Valley.
"It is crucial that our community addresses economic disparity, and the hopelessness it creates," said Sobrato Family Foundation CEO Rick Williams. "Far too many people in our community see the wealth generated and the opportunities created in the Valley as unattainable. That's why Sobrato Philanthropies supports strategies designed to create opportunities, and help individuals grow the skills needed to take advantage of these opportunities when they're presented."
The $3.8M in awards includes:
- $245K to ensure that funds received by high-need districts through California's new Local Control Funding Formula are used as intended—helping to close the achievement gap of low-income and English Learner students.
- Nearly $1.5M in general operating support through SFF's Healthy People & Places program to help 13 organizations continue to provide critical services to Families and Children throughout the Valley.
- More than $1.75M in flexible funds to 11 Emergency and Food Assistance providers throughout San Mateo, Santa Clara and Alameda Counties to meet growing local needs.
- $55K toward a coordinated plan to improve the delivery of services to homeless and formerly homeless individuals and families in Santa Clara County through Health Trust / Destination: Home.
This grant round’s nearly $3.4M in multi-year, conditional general operating support will stimulate $5M as grantees meet Year-1 conditions, which include a 2-1 matching requirement met by increasing and diversifying funding sources.