November 13, 2008
Extending a Helping Hand
Foundations retool their grant-making plans as the economy declines
The Silicon Valley Community Foundation was just finishing its first plan for grant making this fall as the area's teetering economy started to unravel.
The foundation will focus grants primarily on five causes, but Emmett D. Carson, its president, says the foundation decided to "frontload" its spending on a single cause — local organizations that provide food and shelter.
In September, the community foundation announced it would give $1-million to such charities to
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