SILICON VALLEY SOCIAL VENTURE FUND - SV2

Where the Valley gives & learns together

aka SV2   |   Redwood City, CA   |  www.sv2.org

Mission

Silicon Valley Social Venture Fund's (SV2's) mission is to unleash the resources and talents of the Silicon Valley community to achieve meaningful social impact. SV2 works to build the organizational capacity of our nonprofit Grantees and Impact Investees and the philanthropic capacity of our donors (called "Partners"). SV2 does this through engaged grantmaking and impact investing in a number of issue areas with funds contributed by our donor-partners.

Ruling year info

2008

CEO

David Onek

Main address

350 Twin Dolphin Drive Suite 103

Redwood City, CA 94065 USA

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EIN

51-0644783

NTEE code info

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

Nonprofit Management (S50)

Leadership Development (W70)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Experiential Grantmaking & Impact Investing

SV2 conducts hands-on, collaborative grantmaking and impact investing, through which SV2 Partners (donors) gain experiential education about specific social or environmental issue areas and strategic philanthropy. SV2 Partners pool their charitable contributions and then work together to identify and select high-potential Grantees and Impact Investees from among local nonprofits and social ventures. Grantees receive unrestricted, multi-year grants and organizational capacity-building support.

Population(s) Served
Economically disadvantaged people

SV2 offers Beyond-the-Dollars support to help social ventures increase and sustain organizational health and capacity. SV2 Partners and staff provide this support, which includes ad-hoc guidance, connections to people, opportunities and resources, and / or focused projects. Offerings include volunteering with the organizations, making network connections, supporting fund development, guiding strategic planning, speaking at community events, serving as thought partners, and sharing resources. This support supplements SV2’s unrestricted, multi-year grant awards.

Population(s) Served
Economically disadvantaged people

In addition to learning-oriented grant rounds, SV2 hosts regular learning events at which Partners and Grantees/Impact Investees build knowledge and skills for working in the social impact space. They hear from social sector and community leaders who share their experiences and lessons learned. In-depth workshops have included topics like evidence-based pathways out of poverty; how to conduct due diligence on nonprofits; understanding nonprofits’ financial statements and theories of change; and impact investing 101. Small group cohorts engage deeply together on topics like Justice, Equity, Diversity, and Inclusion, and aligning your investing portfolio with your values. These learning programs provide new skills, understanding of local issues and root causes of inequity, and opportunities for SV2 community members to connect with and learn from one another.

Population(s) Served
Adults
Children and youth

Field Leadership and Community Building: SV2 extends its impact through field leadership (speaking, writing, social media), hosting major community-wide events, spearheading regular communications across our network, and building strategic partnerships with social impact-focused organizations across the Bay Area and around the world.

Population(s) Served
Adults
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth

Related Program

Experiential Grantmaking & Impact Investing

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Total dollars loaned to organizations

This metric is no longer tracked.
Totals By Year
Population(s) Served

Infants and toddlers, Children and youth, Farmers

Related Program

Experiential Grantmaking & Impact Investing

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

As per SV2's 2014-17 Strategic Plan, in 2015-2016 we broadened our funding approach to include 3 direct investments in early-stage impact companies via convertible debt.

Number of clients reporting increased knowledge after educational programs

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Experiential Grantmaking & Impact Investing

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

Four out of five Partner reported an increased level of knowledge about local community needs and potential solutions since joining SV2 -- source: 2016 All Partner survey

Number of clients who self-report increased skills/knowledge after educational program/intervention

This metric is no longer tracked.
Totals By Year
Related Program

Field Leadership and Community Building

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

87% of Partners reported that SV2 has helped them develop into more effective social impact leaders -- source: 2016 anonymous all-Partner survey

Number of organizational partners

This metric is no longer tracked.
Totals By Year
Related Program

Field Leadership and Community Building

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number donor Partner households

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

SV2's goals are two-fold:

1. To develop effective philanthropists and social impact leaders across Silicon Valley

2. To scale the impact of promising nonprofits and social enterprises to improves lives in the Bay Area and around the world

Silicon Valley Social Venture Fund (commonly known as SV2) is a vibrant community of givers and change-makers who come together to learn about effective giving and pool their resources to invest in innovative nonprofits and for-profit social ventures. SV2 envisions a more equitable and sustainable Bay Area and world where everyone thrives. Our mission is to unleash the resources and talents of the Silicon Valley community to achieve meaningful social impact.

SV2 pursues this mission through an engaged giving model with three core lines of work:
Grants & Impact Investments: Our donors (called “Partners”) pool their capital to give financial support to high potential social ventures and work together to identify and fund the most promising organizations
Beyond-the-Dollars Support: Many Partners roll up their sleeves and contribute time and expertise in service of SV2 Grantees’ needs
Learning Programs: We offer workshops, speakers, and other opportunities for Partners and Grantees to augment their learning and growth

Five guiding principles inform SV2’s strategies. These principles represent the values and purpose that SV2 seeks to infuse in our work:
We will foster a community of continuous learners with Partners, Grantees, Investees, and community members.
We will broaden the voices involved in our work as we seek to break down the traditional power dynamics in philanthropy.
We will be leaders in practices that align giving and investing with personal values.
We will work with our network of change makers to drive impact in our Bay Area community.
Equity is a central through line in our work.

SV2's main organizational capabilities center around:

- an engaged, strategic, and high-performing Board of Directors
- a seasoned staff team
- dozens of committed and talented SV2 Partner leaders who volunteer to run virtually all of SV2's giving and learning programs (enabling SV2 to keep its paid staff team small and lean)
- mission-aligned strategic allies we collaborate with across the field, including peer funders and the global Social Venture Partner network

SV2 has a long, proven track record of developing effective givers. SV2 has empowered more than 500 strategic givers since its founding almost two decades ago.

During this time, SV2 has also carefully diligenced and funded more than 160 locally-based nonprofits and social enterprises, many of whom have gone on to achieve remarkable scale and become best-in-class social impact models for others.

Our new strategic plan was approved by our Board in December 2021, and it will both preserve the heart of SV2 and push us into new territory. We will be doubling down on what makes SV2 unique while piloting new approaches, learning from these efforts, and refining and fine-tuning as needed. We are excited to begin implementation of our new strategies as we approach our 25th year and beyond.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • Who are the people you serve with your mission?

    SV2 serves our Partners (donors) through learning programs and collaborative grantmaking and impact investing. We survey our Partners annually for their feedback. We also seek feedback from our Grantees annually. In addition, we seek feedback from the nonprofit organizations who participate in our grantmaking processes.

  • How is your organization collecting feedback from the people you serve?

    Electronic surveys (by email, tablet, etc.), Focus groups or interviews (by phone or in person), Community meetings/Town halls,

  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals,

  • What significant change resulted from feedback?

    We have changed our grantmaking process to eliminate written proposals and instead conduct conversational interviews with nonprofit Executive Directors. We are working to mitigate a competitive feel in our Grant Rounds by making two multi-year, unrestricted grants in each Grant Round. We eliminated our written reporting requirement for Grantees during FY20-21 because of the COVID pandemic, and are working to make all of our processes more relational and trust-based.

  • With whom is the organization sharing feedback?

    The people we serve, Our staff, Our board, Our community partners,

  • How has asking for feedback from the people you serve changed your relationship?

    Our more relational and transparent grantmaking approach has shifted power to the nonprofit organizations who choose to engage with SV2. They know our exact process and what engagement points there will be, as well as the other organizations which are participating. They are welcome to engage or not, as they wish - and we have had nonprofits choose not to engage with us.

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded,

  • What challenges does the organization face when collecting feedback?

    It is difficult to get honest feedback from the people we serve,

Financials

SILICON VALLEY SOCIAL VENTURE FUND - SV2
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

SILICON VALLEY SOCIAL VENTURE FUND - SV2

Board of directors
as of 12/21/2021
SOURCE: Self-reported by organization
Board chair

Jim Basile

Kirkland & Ellis LLP

Term: 2023 - 2021

Laura Arrillaga-Andreessen

Dan Barritt

Aarti Chandna

Alison Elliott

Lisa Jones

Rick Tinsley

Paru Desai

Jim Basile

Nancy Heinen

Christy Chin

Lisa Guerra

Rachel Klausner

Paul Work

Kwok Lau

Rekha Kamath

David Dill

Clara Roa

Joyce Song

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 12/20/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 12/18/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.