Silicon Valley Education Foundation
Silicon Valley Education Foundation is a non-profit organization serving Silicon Valley. Headquartered in San Jose, California, the SVEF creates resources and programs for students and educators in Silicon Valley in Science, technology, engineering, and mathematics (STEM) fields.
History
SVEF was founded as a result of a merger of the San Jose Education Foundation and Santa Clara County Education Foundation.Funding
Recent financials and funding
SVEF's total expenditures in the 2015 fiscal year netted around $5,132,000. These funds were focused 78% on SVEF's programs, 14% on fundraising, and 8% on management.In 2015, SVEF raised more than $1.3 million for its purpose of expanding STEM education in the Silicon Valley. This money came from various donors, including venture-capitalist John Doerr. Intel and SanDisk are also sponsors of SVEF, among other corporations such as Adobe, Oracle, Cisco, and Chevron.
Past funding
Since its launch in 1998, SVEF has received support from large foundations focused on improving education in the United States and reducing the achievement gap.- The John S. and James L. Knight Foundation is a partner of SVEF. The Knight Foundation granted $1.7 million to partially fund the Silicon Valley STEM initiative, that would raise a total of $3 million.
- The Bill & Melinda Gates Foundation made grants of $351,493, $750,000, and $1,616,641.
- The Hewlett Foundation made grants of $470,000, $50,000, and $100,000.
Initiatives and partnerships
SVEF has developed various resources available to school districts around Silicon Valley.Elevate Math and Science
This program is a 75-hour, 19-day-long summer intervention program that focuses on preparing 7th, 8th, 9th, and 10th graders for more advanced math and science courses, as well as offering teachers a 35-hour course for the development of their skills, which is based on Common Core ideals.iHub
This pilot program is a platform for entrepreneurs from Silicon Valley to propose various educational and technological products in order to improve education. The program allows students and teachers to provide feedback to the entrepreneurs. Collaborators and partners of this program include the Bill & Melinda Gates Foundation, Stanford Graduate School of Education, and several others. It is distinct from the iHub located in Kenya.SVEF also hosts the Learning Innovation Hub Pitch Games, in which entrepreneurs present a product or business model, and judges ask them questions and decide winners. Funding for the competition comes from grants made by the Bill & Melinda Gates Foundation.