Study finds Peninsula, Valley firms strong givers

Companies in Silicon Valley, including San Mateo County, are likely “on par” with companies nationally in charitable giving, according to a study released this morning by the Silicon Valley Community Foundation.

“For a long time, Silicon Valley had this rap as the land of the cyber-stingy,” said Peter Hero, senior advisor to the foundation, which commissioned a survey of 100 companies, most in information technology, professional services and finance. “In point of fact, people living in Silicon Valley are about as generous as people nationally.”

By some measures, the companies may give even more than their counterparts nationwide, according to the study. The firms surveyed gave, on the median, 1 percent of revenue and 3 percent of profit, compared to .1 percent and .9 percent for those same medians in the Corporate Giving Standards 2006 national study of charitable giving.

The study included 13 San Mateo County companies, including Genentech Inc. (DNA), Electronic Arts Inc. (ERTS) and the restaurant 231 Ellsworth. The largest recipients of corporate giving by companies in the study were, in order, health and human services, education, civic and community groups, arts and culture and the environment,but companies reported a planned increase in giving to education and the environment, and a recent decrease in giving to arts and culture

businessBusiness & Real Estate

Just Posted

Cabernet sauvignon grapes sat in a container after being crushed at Smith-Madrone Winery in St. Helena. (Courtesy Smith-Madrone Winery)
San Francisco’s ‘Champagne problems’ — Wine industry suffers supply chain woes

‘Everywhere you turn, things that were easy are no longer easy’

Glasses behind the bar at LUNA in the Mission District on Friday, Oct. 15, 2021. Glassware is just one of the many things restaurants have had trouble keeping in stock as supply chain problems ripple outward. (Kevin N. Hume/The Examiner)
SF restaurants face product shortages and skyrocketing costs

‘The supply chain crisis has impacted us in almost every way imaginable’

A Giants fans hangs his head in disbelief after the Dodgers won the NLDS in a controversial finish to a tight Game 5. (Chris Victorio/Special to The Examiner)
Giants dream season ends at the hands of the Dodgers, 2-1

A masterful game comes down to the bottom of the ninth, and San Francisco came up short

<strong>Workers with Urban Alchemy and the Downtown Streets Team clean at Seventh and Market streets on Oct. 12. <ins>(Kevin N. Hume/The Examiner)</ins> </strong>
<ins></ins>
Why is it so hard to keep San Francisco’s streets clean?

Some blame bureaucracy, others say it’s the residents’ fault

Speaker of the House Nancy Pelosi — seen in Washington, D.C., on Tuesday — touted Congressional Democrats’ infrastructure bill in San Francisco on Thursday. (Stefani Reynolds/The New York Times)
Pelosi touts infrastructure bill as it nears finish line

Climate change, social safety net among major priorities of Democrats’ 10-year funding measure

Most Read