“We want to create a Bay Area where all have good jobs, live in affordable homes, and have strong political voices. This is our vision of what our region could be. The solutions are on the horizon, not in the rearview mirror.”Fred Blackwell
San Francisco Foundation CEO
For nearly 75 years, the San Francisco Foundation has been a trusted partner for donors, grantees, and community leaders who are interested in improving the lives of others and strengthening the Bay Area. Anybody interested in doing good has a place at our table. As a community foundation, we serve the whole region because our lives and our communities are connected.
Together, we can take on issues that are too big for any individual. We can look to the horizon and make the Bay Area better. Last year, thanks to the incredible generosity of our donors, we supported 3,004 organizations with a total of $238.2 million in grants.
Your generosity supported an amazing array of activities such as the arts, housing equity, education, and building a racially just and economically inclusive Bay Area. With the support of our donors and partners, SFF supported the development of Keep Oakland Housed (KOH). Now a stand-alone program, KOH has prevented homelessness for over 7,200 households. This year, KOH was awarded the U.S. Department of Housing and Urban Development’s Secretary’s Award for Public-Philanthropic Partnerships in recognition of its achievements.
Two years ago, we were thrust into a racial reckoning by the murder of George Floyd and a pandemic that brought profound suffering to the Bay Area’s communities of color. Equity was suddenly in every room. Big commitments were made. However, as the world begins to reopen, I am seeing a clear retreat from that moment. People are fighting to remove any discussion of race from our classrooms. Communities of color, who marched in solidarity, are now being pitted against each other. Some leaders are arguing that centering racial equity means we cannot build a big tent.
I stand firm in our commitment to a racially just Bay Area. That commitment was not born of a moment. It was born of the realities our neighbors live. For all of us to thrive, we must focus our efforts on supporting communities that have borne the brunt of our country’s ongoing racial discrimination. We simply cannot leave people behind. This is how we build an inclusive future in which we all have a stake.
We are using every tool we have to reach our North Star. We want to create a Bay Area where all have good jobs, live in affordable homes, and have strong political voices. This is our vision of what our region could be. The solutions are on the horizon, not in the rearview mirror.
Thank you for uniting in a shared vision for a future in which we can all prosper. We are honored to stand shoulder-to-shoulder with you as we embark on the work ahead.
CEO, San Francisco Foundation
Supporting an Equitable Bay Area
Partnering with Donors
Investing for Impact
Providing Regional Leadership
Convening our Community
Going All in on Housing
Innovation and Systems Change
To realize our vision, we must move forward with a focus on innovation and changing the systems that were put in place to hold back Black, Brown, and Asian communities. Below are a couple of examples of our approach.
Partnership for the Bay’s Future
The Partnership for the Bay’s Future’s Policy Grant program brings local governments and community partners together to facilitate collaboration and community engagement and co-create more robust, effective, and equitable housing policy.
The Partnership for the Bay’s Future’s Family of Loans brings more than $500 million of catalytic capital to support affordable housing. It takes on the initial risk for creating new loan products that are missing from the market to build affordable housing.
Supporting Housing Statewide
Over 161,000 Californians are experiencing homelessness. Without a solution, our housing crisis will drive up homelessness, slow our economy, and threaten our children’s future. Increasing affordable housing requires regional and state changes and ongoing public funding. SFF is helping to envision and support regional and state coalitions of diverse housing advocacy stakeholders.
Together we will build a stronger, coordinated infrastructure, align our current campaigns, plan for statewide priorities, strengthen connections within and between regions, and increase community voice in affordable housing policy.
We are committed to using every tool in our toolbelt to achieve lasting change. This past year, we funded research on the pandemic’s inequitable impacts and convened cross-sector decision makers to improve working conditions for low-wage workers and keep families in their homes. We hosted education forums, published voter guides, and advocated for policies that advance racial equity and economic inclusion.
Tenets of our Leadership to Advance Equity
Center communities of color
We supported and celebrated the leadership of womxn of color in local governments. We commissioned data on the diversity of experience within our region’s Asian American and Pacific Island populations for the Bay Area Equity Atlas.
Influence public policy
Among the issues on which we worked, we co-hosted working groups from the mayors’ offices of San Francisco, San Jose, and Oakland along with community partners to harness the region’s collective power to reimagine and rebuild a Bay Area where everyone can thrive.
Amplify community voice
Over the past year, we worked with a network of community partners to tackle the issues that impact them, including reforming child support so families have the resources they need and increasing access to housing that is affordable.
Bay Area Leads Fund
The Bay Area Leads Fund supports the San Francisco Foundation’s leadership activities to create an equitable Bay Area. We look forward to seeing how we, together, will continue to double down on this work in the year to come.
“If you’re focused on a racial equity agenda, ultimately, you’re going to need to move policy in order to achieve your and objectives and the work is difficult. Engaging people civically, doing the organizing, doing some of the policy influencing work is challenging and it needs to have flexible capital that’s patient and has long timelines.”Justin Steele
SFF Trustee, and Director, Google.org Americas
Thank you, Bay Area Leads Fund Donors
Atlas Project Alumni
The Benevity Community Impact Fund
Brickyard Family Fund (A)
Brickyard Family Fund (C)
Callan Family Fund
Charlie and Karen Couric
Meredith Shuey Etherington and Simon Etherington
Five Arts Fund
Robert E. Friedman
David A. Friedman and Paulette J. Meyer
Give Lively Foundation Inc.
Ginnie and Peter Haas, Jr. Fund
The High Street Fund
David ibnAle and Mollie Ricker
A. Joseph Kane
Justina T. Lai
Lawrence Livermore National Lab
Toby and Jerry Levine Fund
Ling Woo Liu
Michael and Catherine LiuBetsy and Ed McDermott Fund
MUFG Union Bank Foundation
Ruben Orduña and Elizabeth Hill
Osterweis Capital Management, Inc.
Terrence Parker/Yolanda Burrell Account
Pinecrest Endowment Fund
Progress Investment Management Company Fund
Ian Duncan Robertson
John and Barbara Rosston
William and Joan Roth Fund
Rusonis Charitable Fund
Erica Sigal Philanthropic Fund
Justin and Sally Steele
Sarah Stein and Michael Cohn Fund
Mary Winton Sheryl L. and Robert R. Wong
July 2, 2021 – June 30, 2022
Total Contributions & Bequests:
Total Assets by Funds
total grant dollars distributed in FY22
nonprofit organizations supported in FY22
in grants distributed to nonprofits since 1948
Our Program Grants
One of the many ways we invest in a more equitable Bay Area is providing grants to organizations aligned to our equity agenda.
program grants headquartered in the five-county Bay Area
of Executive Directors identify as BIPOC**
Number of Grants Serving Each County
** Among grantees with race/ethnicity data submitted, FY22
Our Equity Agenda
All people living in the Bay Area are economically secure, rooted in vibrant communities, and engaged in civic life. These are our pathways to racial equity: People, Place, and Power.
For each of our three pathways to racial equity, we make grants, advocate for policies, provide leadership, and bring people together, and build community power to help make community-driven change a reality.
All Bay Area residents should be able to afford to live in neighborhoods where they feel that they belong. Our approach focuses on keeping people in their homes, regional advocacy, supporting thriving neighborhoods, and preserving trusted local organizations.
All Bay Area residents should be able to make a good living and build long-term financial well-being for their families and communities. Our approach focuses on creating just laws and practices, reimagining public safety, building worker power, and building community wealth.
All Bay Area residents should have a strong political voice and shape decisions that affect their lives and communities. Our approach focuses on strengthening grassroots community organizing, developing the next generation of leaders, and promoting voter engagement.
Stories of Impact
Click the sections below to read more about some of the work our grantees and partners did last year to advance racial equity and economic inclusion.
Beyond the Check
Jobs with Justice San Francisco – an alliance of 30+ organizations focused on workers’ rights – has organized workers for better working conditions, supported undocumented workers with emergency aid, and helped pass critical COVID relief such as paid emergency leave for employees. Read the story
Keeping Tenants in Their Homes
Tenants Together is based in San Francisco but has helped keep Californians across the state in their homes. They have trained tenant organizers to build tenant power and counselors to help tenants access resources. They helped a network of over 50 service provider partners stay up-to-date on the rapidly changing local and statewide eviction protections this year. Read the story
Empowering Young Leaders
Communities United for Restorative Youth Justice (CURYJ) supports youth leaders. Last year, they ran youth empowerment programs, responded to anti-Asian violence, and hosted community meetings focused on reimagining public safety and community-based violence interruption. Read the story
Investing in the Leadership of Communities of Color
This year, we’re proud to report that the vast majority of our equity-focused programmatic grantmaking went to organizations serving and led by Black, Indigenous, and people of color. These communities of color were hardest hit by the COVID-19 pandemic, and our recovery will not be complete if it leaves them behind.
of Executive Directors identify as BIPOC**
average amount for our grants
of grantees served a population that was majority BIPOC**
** Among grantees with race/ethnicity data submitted, FY22
In 2020, our Board of Trustees authorized an additional $10 million in grantmaking resources from SFF’s endowment. With these additional resources, we partnered with Black leaders to develop the Bese Saka Initiative, funded Asian American and Pacific Islander organizations standing up against hate, and supported the Latinx Power Fund. These investments are focused on power building to strengthen the civic voices of communities of color.
The communities closest to the problem are also closest to the solution, and we center their voices and vision knowing that the future they work towards will be better, richer, and more vibrant for all people in the Bay Area.
Supporting a Region Rooted in Arts and Culture
A region’s art institutions are a signifier of the health of its civic society. Art is also a form of cultural expression, of identity, of connection, and belonging to a place. For decades, the San Francisco Foundation has played a pivotal role in launching and supporting arts organizations, individual artists, and art movements that strengthen our sense of belonging and inclusion in the Bay Area. Since launching our Equity Agenda in 2016, our arts work has also become an integral strategy to advance racial equity and economic inclusion in the Bay Area. SFF launched the Artistic Hubs Cohorts to support arts organizations that focus on the intersections of artistic excellence, community access, and social justice. This video features our 3rd Arts Cohort.
Donor Advised Grants Snapshot
As a community foundation, we work with hundreds of passionate Bay Area donors to support causes they care most about.
in donor advised fund grants
donor advised fund payout rate
The payout rate, as calculated by the IRS, is the amount that is distributed collectively by our donor advised funds.
of donor advised fund grants went to organizations headquartered in the 5-county Bay Area
“We chose to work with the San Francisco Foundation because of its focus on racial equity and its expertise in the Bay Area. . . . We didn’t want to be the resistant, white-led foundation with our heads in the sand. We needed to get involved in the fight for racial equity.”Trustee of a Bay Area family foundation that sought out SFF’s philanthropic advisory services in 2020
SFF Donors Meeting the Moment
Last year we hosted 12 events – exclusively for SFF fund holders – to share solutions to the region’s most urgent needs and respond to current events.
- We hosted an event following the tragic events in Afghanistan. SFF donors gave $1 million to support featured organizations.
- We hosted an event and published a give guide when the U.S. Supreme Court overturned of Roe v. Wade. SFF donors raised $1 million to protect reproductive rights.
“My friend, Deborah Santana, encouraged me to partner with San Francisco Foundation to create my donor advised fund, The Black Harvest Fund. Black farmers need assistance now more than ever. SFF made the process seamless.”Natalie Baszile is the author of Queen Sugar and We Are Each Other’s Harvest, and she is founder of The Black Harvest Fund.
We invest our assets in alignment with our values and with the goal of generating strong long-term investment results. Our fund holders have four investment pools to select from to meet their grantmaking objectives. Each pool screens for certain sectors which hinder our equity agenda.
We intentionally allocate to funds which are majority-owned by women or people of color, going from 2 to 25 managers since 2016.
of our assets managed by women or people of color, compared to 2% globally
# of Funds Majority-owned by Women or People of Color
We screen to exclude these industries in our mission-aligned and short-term pools, as well as in our separately managed accounts in the long-term and endowment pools. Private prisons and predatory lenders are excluded by all managers.
Bay Area Community Impact Fund (BACIF)
BACIF helps make the Bay Area a better and more inclusive place through low-interest loans to community-based organizations that create and preserve jobs, affordable housing, and sustainable communities. As loans are repaid, new investments are made, recycling capital back into communities.
Supported by a loan from BACIF, MEDA (Mission Economic Development Agency) acquired 300 Ocean Ave. in Mission Terrace and will preserve the building as affordable housing in partnership with the City of San Francisco’s innovative Small Sites program. This program keeps in place longtime residents vulnerable to no-fault Ellis Act evictions. 300 Ocean Ave. residents include African American and Latinx households, including families with children and tenants with physical impairments. To ensure these tenants have quality affordable housing, MEDA will address interior and exterior deferred maintenance (e.g., painting and flooring of kitchen and bathroom refurbishment).
Power of Collaboration
Together with our partners, the San Francisco Foundation is tackling challenges to housing, employment, access to transit, and civic participation in the Bay Area. These collaborative efforts allow funders, donors, government agencies, and nonprofits to pool our resources and expertise to create large-scale, long-term solutions. We help lead these collaboratives through convenings, research, community engagement, and administration.
“What has always made the Bay Area so special is its entrepreneurial spirit and its orientation towards progress and justice. . . . We are thrilled to be joining [The Partnership for the Bay’s Future], this diverse coalition of community and faith leaders, advocates, philanthropies, and businesses to support creative and impactful solutions to the housing crisis.”Priscilla Chan, Co-Founder of the Chan Zuckerberg Initiative
Great Communities Collaborative
Great Communities Collaborative envisions a Bay Area that is comprised of neighborhoods which are healthy, thriving, and affordable to all with a premier transit networks that links communities to opportunities. Collaborative partners include regional policy leaders, community groups, businesses, local and regional government agencies, and funders.
HOPE SF is centered on an integrated, innovative approach to addressing multigenerational poverty in the most distressed public housing in San Francisco. This public-private partnership is led by our foundation, Enterprise Community Partners, and the City and County of San Francisco.
Partnership for the Bay’s Future
Partnership for the Bay’s Future is a collaborative focused on advancing housing solutions by working to produce, preserve, and protect affordable homes in the Bay Area, and to ensure our region remains a diverse place where all people are welcome and can thrive. Founding partners include the Chan Zuckerberg Initiative, the San Francisco Foundation, the Ford Foundation, and Facebook.
ReWork the Bay
ReWork the Bay is focused on increasing the number of Bay Area residents who have quality, empowered employment which allows people to live and work in place and have the resources to avoid sacrificing one basic need over another. It is a funder-field collaborative that brings together leaders across sectors to build authentic relationships and work towards collective solutions.
“ReWork the Bay was the space I needed, for myself, and with my team, to connect deep community-centered experiences with the movement that’s building in philanthropy. A movement centered on power sharing, collective vision, and thriving communities. Building together is how we get to the deeper impact we envision.”Camille Llanes-Fontanilla, The Sobrato Foundation
Supporting Our Donors
The San Francisco Foundation supports our donors’ philanthropic vision through a number of funds and investment opportunities. We help our donors make informed, impactful giving decisions.
If you are interested in beginning or updating your philanthropic priorities, you can obtain expert guidance from our Philanthropic Advisors who assist fund holders, including individual donors, families, and representatives of businesses or private foundations. We also offer fee-for-service consulting for philanthropy outside of SFF. As a community foundation we help donors through:
- Personalized strategies, giving plans, and recommendations aligned with donor interests
- Interactive sessions to help surface common values, priorities, and charitable goals
- Information on topics such as best practices in philanthropy, the Bay Area’s most pressing needs, and how to give using the concept of equity as a framework
We invest our assets in alignment with our values and with the goal of generating strong long-term investment results. Our allocation process leads to long-term success under a variety of market conditions as evidenced by our top-decile 10-year annualized returns among endowments and foundations.
Good Stewards Making an Impact
While it was a challenging year for financial markets, each of our four investment pools have outperformed their long-term benchmarks while aligning with our values.
|1 Year||3 Years
|Long-Term Donor Advised||-10.5%||6.6%||6.5%||7.7%|
|60% MSCI All Country World / 40% Barclays Agg||-13.4%||3.7%||4.8%||6.0%|
|Short-term Donor Advised||-0.4%||0.8%||1.3%||1.0%|
|U.S. Treasury Bills||-0.2%||0.6%||1.1%||0.6%|
|Endowment Pool Assets||-11.1%||7.1%||6.9%||8.3%|
|60% MSCI All Country World / 40% Barclays Agg||-13.4%||3.7%||4.8%||6.0%|
|MISSION-ALIGNED INVESTMENTS POOL|
|60% MSCI All Country World / 40% Barclays Agg||-13.4%||3.7%||N/A||N/A|
Pools Designed for Varying Grantmaking Objectives
|Pool||Designed for||Investment Objectives|
|Long-Term Pool||Donor advised funds intending to make grants over time.||Seeks long term growth via a diversified portfolio of global stocks, bonds and alternative assets.|
|Endowment Pool||Permanent funds intended to maintain grantmaking power in perpetuity.||The target inflation-adjusted return is consistent with our annual distribution rate of approximately 5 percent.|
|Mission-Aligned Investments Pool||Donor advised funds intending to make grants over time.||Funds are invested with a values-based approach that aligns with the foundation’s commitment to racial equity and economic inclusion. Seeks long term growth via a diversified portfolio of global stocks, bonds and alternative assets.|
|Short-Term Pool||The portion of donor advised funds intended for near-term grantmaking.||Seeks to maintain the real value of contributions by matching or exceeding inflation while avoiding exposure to more volatile asset classes such as equities and alternative investments.|
Equity, inclusion, and diversity are core to our ability to make a difference across the region. We are grateful to the diverse team that helps make community-driven philanthropy possible.
Percent of Staff Who Identify as People of Color*
*Respondents were invited to select all races/ethnicities that applied. Percentages sum to greater than 100%. Multracial or Mult-ethnic includes individuals who selected Multiracial or Mult-ethnic and individuals who selected two more races/ethnicities.
Learn More About Us
Our Diversity Data
Thank you, SFF Donors
We gratefully acknowledge the generous support of the following donors this year. Thank you for sharing our vision to make the Bay Area a better place for all.
Corporate and Foundation Donors
Bank of America, Charitable Foundation
Chan Zuckerberg Initiative
City Of Oakland, Office of the Mayor
Friedman Family Foundation
Funder for a Just Economy
JPMorgan Chase Foundation
Lisa & Douglas Goldman Fund
Silicon Valley Community Foundation
Sobrato Family Foundation
The Annie E. Casey Foundation
The California Endowment
The David & Lucile Packard Foundation
The Grove Foundation
The James Irvine Foundation
The Stupski Foundation
Walter & Elise Haas Fund
Wells Fargo Foundation
William + Flora Hewlett Foundation
Y & H Soda Foundation
Agency Fund Donors
Bethel Heritage Foundation of San Francisco
Buen Dia Family School
California Institute for Regenerative Medicine
Children’s Book Project
Edith P. Merritt Memorial Lecture Fund
George Washington High School Alumni Association
Intercept Poverty Foundation
June Jordan School for Equity
Lyon-Martin Health Services
Metropolitan Community Church of San Francisco
Multidisciplinary Association for Psychedelic Studies
PACT (Plan of Action for Challenging Times)
Pt. Reyes Bird Observatory
San Francisco Achievers
San Francisco Boys Chorus
San Francisco Interfaith Council
West Contra Costa Public Education Fund
YWCA of San Francisco & Marin