8chan/8kun QResearch Posts (3)
#15937069 at 2022-03-24 23:46:45 (UTC+1)
Q Research General #20154: Hunter Biden Investments in Biolabs Edition
SILICON VALLEY COMMUNITY FOUNDATION ISA COMMUNITY CATALYST FOR POSITIVE CHANGE. WE PARTNER WITH DONORS, BUSINESSES, GOVERNMENTS AND (CONTINUED ON SCHEDULE O)
The Silicon Valley Community Foundation (SVCF) is a left-of-center grantmaking organization with over $11 billion in assets. The Foundation conducts most of its grantmaking through donor-advised fund (DAF) accounts established with oversight from individual donors who can advise how their gifts are distributed for charitable purposes.
SVCF has drawn criticism in recent years as a "Black Hole" for charitable donations because IRS rules and SVCF practice have allowed money to be held in DAF accounts for years with no required minimum payouts to charitable organizations (as are required of private foundations). [1] This allows donors to receive large tax breaks immediately, before the donations benefit charitable causes.
SVCF was rocked by scandal in 2018 when its largest fundraiser, Mari Ellen Loijens, resigned amidst dozens of allegations of abusive management and sexual harassment. An independent investigation by the law firm Boies Schiller Flexner found a number of the allegations "were substantiated," leading to the ouster of former CEO Emmet Carson following an independent investigation. [2]
Donors to SVCF
SVCF is highly dependent upon substantial donations from a relatively small number of ultra-wealthy donors. According to its 2019 annual report, SVCF received 70 percent of its contributions from 11 donors; in 2018, 75 percent of its contributions came from just 10 donors, up from 69 percent of all contributions from 11 donors in 2017. [84] [85]
As of May 2018, at least 17 billionaires had donated to SVCF, including high-profile, left-of-center donors. [86] Most donors placed shares of stock into donor-advised funds (DAFs), allowing the donors to benefit from upfront tax benefits and the power to advise the disbursement of their donations. [87]
Facebook founder Mark Zuckerberg gave the largest donation to SVCF, amounting to $1.75 billion in Facebook stock in 2010. [88] In 2018, he gave an additional donation of $200 million. [89]
Most of the other billionaire donors are Silicon Valley CEOs or founders of companies, including WhatsApp cofounder Brian Acton, Twitter founder and CEO Jack Dorsey, and notable left-of-center donor and Netflix co-founder Reed Hastings. [90] Howard Schultz, the Starbucks chairman who explored a presidential campaign as an independent in 2019, also gave to SVCF. [91]
Grants from SVCF
In spite of its purpose as a grantmaking organization, SVCF disbursed just $1.8 billion in grants in 2017, just over 14 percent of its total assets. [92] That same year, SVCF assets increased from just $5.3 billion to $13.5 billion, surpassing the assets of the Ford Foundation. [93] Though SVCF is not required to publicly disclose specific asset sources, the increase likely came from the appreciation of SVCF investments, which include potentially 36 million Facebook shares, donated by founder Mark Zuckerberg. [94]
References
Semuels, Alana. "The 'Black Hole' That Sucks Up Silicon Valley's Money." The Atlantic.
Atlantic Media Company, May 18, 2018. https://www.theatlantic.com/technology/archive/2018/05/silicon-valley-community-foundation-philanthropy/560216/. ^
"Update from Silicon Valley Community Foundation Board of Directors." Silicon Valley Community Foundation, June 27, 2018. https://www.siliconvalleycf.org/blog/announcements/update-silicon-valley-community-foundation-board-directors. ^
Woolfolk, John. "Warehousing Tech Elite's Wealth? New Path Urged for Silicon Valley Charity." The Mercury News. The Mercury News, August 1, 2018. https://www.mercurynews.com/2018/08/01/warhousing-tech-elites-wealth-new-path-urged-for-silicon-valley-charity/. ^
Schleifer, Theodore. "Today's 'Working Robber Barons' Have Used a Tax Break to Create a $110 Billion Charity Stockpile That Isn't Getting Any Smaller." Vox. Vox, July 2, 2019. https://www.vox.com/recode/2019/7/2/18691693/silicon-valley-donor-advised-funds-fidelity-charitable-lawsuit. ^
Pender, Kathleen. "Silicon Valley Community Foundation's Assets Surged in 2017. It Won't Say Why." SFChronicle.com. San Francisco Chronicle, February 24, 2018. https://www.sfchronicle.com/business/networth/article/Silicon-Valley-Community-Foundation-s-assets-12704936.php. ^
https://www.shalomdc.org/wp-content/uploads/2017/01/Jfed-Pub-insspection-990-6_30_15.pdf
#1392641 at 2018-05-13 04:36:27 (UTC+1)
Q Research General #1746: Now Comes The Pain
Former and current employees of Silicon Valley Community Foundation say top executives ignored complaints of a toxic environment.
Mari Ellen Loijens, the foundation's top fund-raiser, was accused of making racist and sexually charged remarks and bullying her colleagues.
Employees said the company's CEO Emmett Carson ignored complaints because of how much money Loijens brought in.
Loijens has since resigned and Carson was placed on administrative leave.
Mark Zuckerberg has donated more than one billion to the foundation since 2011.
http
://www.dailymail.co.uk/news/article-5722507/Charity-favored-Zuckerberg-ignored-widespread-bullying-sexual-violence-racism-employees-say.html
#1381527 at 2018-05-12 06:37:29 (UTC+1)
Q Research General #1732: This is Why We Are Here Edition
https://www.philanthropy.com/article/A-Star-Performer-Created-a/243159
This lady Mari Ellen Loijens brought in 83% of the donations in the second largest richest foundation in the US–the "Silicon Valley Community Foundation." It amounted to over $8 billion in fund raising.
The workers/former workers there spilled on her being terrible to work for:
>During this period, so uncomfortable were some employees with the sex talk that they came up with a word of warning - muskrat - that they told Loijens they would say out loud when they felt she had crossed a line. "She thought it was funny, but she was grossly inappropriate," says a former fundraiser. "We had a picture of a muskrat on the wall. You can't make that up."
The funny part is all of these egotistical SJW's that can't put aside their personal sensitivities in order to focus on the priority of raising money for the cause. She's forced to resign because muh feelings. Never mind the $8+ billion for the poor–muh feelings come first.
But besides that, it seems like a rich vein for digging–never even heard of the SVCF before. Maybe she had some dirt on the tech guys? Who knows.