August 23, 2001

Silicon Valley's United Way Hopes It Has Recovered From Crisis

By MICHAEL ANFT

Two years ago, the United Way of Santa Clara County, in California's Silicon Valley, was floundering in debt, and its donors were awash in doubt about the organization's future. It had emptied its reserve fund, spent $11-million more than it had raised from 1994 to 1999, and sought a $1-million line of credit to help make up the shortfall.

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