The Valley Foundation

SAN JOSE, CA EIN: 94-1584547 Website

The Valley Foundation is a private foundation established in 1984 in California and based in San Jose, CA. The foundation was formed from the proceeds of the sale of the Community Hospital of Los Gatos and Saratoga, Inc. It holds 501(c)(3) tax-exempt status and has been designated as tax-exempt since June 1989.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$70.5M

+9.6% YoY

Annual Giving

$3.5M

-4.2% YoY

Grant Count

-75.0% YoY

Avg Grant Size

$3.5M

+283.3% YoY

Under IRS private-foundation payout rules, The Valley Foundation reported a distributable amount of $3.4M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's core competency and interest is providing grants to the medical field, with focus areas including:

Medical research
Medical education
Health awareness
Direct health services
Critical diseases

The foundation will also consider social services requests that relate to the health of its community.

Grantmaking

Applicants must be qualified 501(c)(3) charitable organizations. Grant applications are submitted through The Valley Foundation's Grant Application Portal available on their website.

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations and initiatives within Santa Clara County, California.

Grant Distribution by State

Florida $10.4M (60%)

California $6.1M (35%)

Arizona $500K (3%)

District of Columbia $200K (1%)

Colorado $150K (1%)

States

Arizona California Colorado District of Columbia Florida

Cities

CampbellCastle RockCupertinoGilroyLaguna NiguelLos GatosMountain ViewOaklandOrlandoPalo AltoPhoenixSan JoseSan LeandroSanta ClaraSaratogaWashington

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending September 2024:

Metric	Amount
Total Assets	$70,531,065
Total Revenue	$1,099,222
Total Expenses	$3,924,426
Net Income	-$2,825,204
Total Liabilities	$145,000

Revenue Breakdown (FY 2024):

Investment income and dividends: $1,580,599
Net gain from sale of non-inventory assets: $924,021
Miscellaneous revenues: -$1,405,398

Employees: 0 (as of 2024)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$70,531,065	$64,359,918	$61,408,022
Revenue	$1,099,222	$-623,505	$4,930,247
Expenses	$3,924,426	$4,034,123	$4,436,224
Qualifying Distributions	$3,523,413	$3,668,075	$4,063,741
Net Investment Income	$2,282,057	$917,302	$5,146,496
Distributable Amount	$3,387,107	$3,374,085	$3,545,944

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

42 grants across all recorded years

Open Grants

1 open opportunity from The Valley Foundation

Foundation

The Valley Foundation Grant

THE VALLEY FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Schwab Charitable Donor-advised Fund ($3,450,000).

Recipient	Purpose	Amount
SCHWAB CHARITABLE DONOR-ADVISED FUND ORLANDO, FL	GRANT TO PROMOTE THE ORGANIZATION'S CHARITABLE ACTIVITIES	$3,450,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PHILLIP R BOYCE	CHAIRMAN	4	$20,000
DR RICHARD SIEVE	VICE CHAIRMAN AND TREASURER	4	$20,000
ROBERT A LEE	SECRETARY	4	$20,000

Frequently Asked Questions

What does The Valley Foundation fund?

The primary goal of the foundation is to improve health care and medical services for lower-income households within Santa Clara County, CA. More than 50 percent of all grants are authorized for this purpose. The foundation's core competency and interest is providing grants to the medical field, with focus areas including: • Medical research • Medical education • Health awareness • Direct health services • Critical diseases The foundation will also consider social services requests that relate …

How do I apply for a grant from The Valley Foundation?

**Grant Activity:** • Made 31 grants in the most recent fiscal year • Total giving: $3,450,000 (fiscal year ending September 2024) • Typical award range: $150,000–$3,500,000 **Application Process:** Applicants must be qualified 501(c)(3) charitable organizations. Grant applications are submitted through The Valley Foundation's Grant Application Portal available on their website.

Where does The Valley Foundation make grants?

The foundation primarily funds organizations and initiatives within Santa Clara County, California.

What size grants does The Valley Foundation award?

In 2024, The Valley Foundation awarded 1 grants totaling $3.5M — an average of about $3.5M per grant, based on its IRS Form 990 filings.

How much is The Valley Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Valley Foundation reported a distributable amount of $3.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.