Nicole Taylor has an insider’s view of philanthropic trends from her seat as the president and CEO of the Silicon Valley Community Foundation. Located in Mountain View, California, the community foundation’s donors gave out nearly $4.6 billion in 2023, a significant increase from the $2.6 billion granted the previous year.
That spike, Taylor said, was thanks to some large donors “who really doubled down big on some things that they cared about.”
She said it’s hard to predict what will happen this year, “Are there going to be more wars? We have a huge election coming up. We fully expected donors to be active. Whether it’s going to be $4 billion again? Hard to say.”
The foundation doesn’t comment on specific donors or donations, but its reported grants reveal its clients include some of the wealthiest and most powerful people in Silicon Valley. That includes Meta CEO Mark Zuckerberg and his wife Priscilla Chan, other Facebook alumni, and those whose wealth comes from the booming business of artificial intelligence.
Taylor, who was the first Black woman to lead the foundation when she joined in December 2018, spoke with The Associated Press about the role of philanthropy in democracy, threats to racial justice advocacy and the growth of donor-advised funds. The interview has been condensed.
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