Our community is on the wrong track.
Silicon Valley boasts a world-changing culture of innovation, a beautiful natural environment, and a reputation for boundless opportunity. It's home to more than 148,000 millionaires and billionaires.
Yet this is not a place of shared prosperity. A third of the people who live here cannot meet their basic needs without help. The number of homeless people in Silicon Valley outstrips San Francisco and continues to grow. Just miles away from some of the best schools in the country, the majority of third graders struggle to read. Due to soaring costs, many well-regarded nonprofits can't pay their rent or retain staff, even as demand increases for their services.
But here's the good news: we can make a difference.
In Silicon Valley, we know how to tackle hard problems. Just as our start-ups are changing the world, innovative and resilient community organizations are developing new ways to solve age-old challenges and leverage scarce resources. They are feeding, housing, mentoring, and training vulnerable people; preserving our environment; caring for our seniors; changing policy to sustain and improve our quality of life, and more.
Magnify Community works with local leaders and philanthropists to change the way Silicon Valley donors think about investing in their community. We are working together to catalyze $100 million in additional giving to nonprofit organizations serving Silicon Valley by 2023.
By making local giving the norm, we aim to foster enduring investment that will make Silicon Valley a vibrant community for generations to come.