The Valley Foundation
The Valley Foundation is a private foundation based in San Jose, California. It supports diverse local, national, and regional groups working to improve society, with an emphasis on educational, historical, and preservation programs.
The Valley Foundation at a glance
In short: The Valley Foundation gave $3.5M across 1 grant in 2025 (avg $3.5M), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,450,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $3,450,000
- +0.0% vs 2024
- Median grant
- $3,450,000
- Total assets
- $73,106,974
- +3.7% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The Valley Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Its website says organizations invited to apply can complete an online application through its grant application portal.
- Contact
Mailing address: 999 W Taylor St Suite A, San Jose, CA 95126
Phone: (408) 855-6770
Website: https://www.valley.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from The Valley Foundation
Who The Valley Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Schwab Charitable Donor-Advised Fund ($3.5M).
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $1–5M range: 6 grants of 12 (50%).
Geographic Focus
Where this funder awards grants
The foundation describes its work as supporting local, national, and regional groups. Its grant program describes a focus on improving quality of life in Santa Clara County and beyond, and says it seeks qualified 501(c)(3) organizations serving residents and communities primarily in Santa Clara County and beyond. The 2025 filing lists its grant recipient in Florida.
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How The Valley Foundation gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2.5M (2019) to $4.0M (2022). In 2025 it made 1 grant totaling $3.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Donor-Advised Fund Orlando, FL | Grant to Promote the Organization's Charitable Activities | $3,450,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $73,106,974 | $5,061,273 | $3,886,026 | $3,450,000 | 1 | $3,534,118 | $5,798,723 | $3,410,903 |
| 2024 | $70,531,065 | $1,099,222 | $3,924,426 | $3,450,000 | 1 | $3,523,413 | $2,282,057 | $3,387,107 |
| 2023 | $64,359,918 | $-623,505 | $4,034,123 | $3,600,000 | 4 | $3,668,075 | $917,302 | $3,374,085 |
| 2022 | $61,408,022 | $4,930,247 | $4,436,224 | $4,000,000 | 2 | $4,063,741 | $5,146,496 | $3,545,944 |
| 2021 | $75,319,298 | $7,719,370 | $3,881,210 | $3,300,008 | 4 | — | $7,943,245 | $3,612,199 |
| 2020 | $63,028,626 | $778,052 | $3,418,682 | $3,045,800 | 31 | — | $1,474,868 | $3,173,370 |
| 2019 | $65,710,326 | $3,685,772 | $2,862,211 | $2,505,500 | 25 | — | $4,241,260 | $3,153,357 |
Under IRS private-foundation payout rules, The Valley Foundation reported a distributable amount of $3.4M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission is to support groups dedicated to improving society and to help bring about positive change through grants to organizations operating educational, historical, and preservation programs. It seeks qualified 501(c)(3) charitable organizations.
Grantmaking
In filing year 2025, the foundation reported one grant totaling $3,450,000. Its listed recipient was Schwab Charitable Donor-Advised Fund in Orlando, Florida; the stated purpose was to promote the organization’s charitable activities. The filing lists four grants totaling $3,600,000 in 2023 and one grant totaling $3,450,000 in 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Phillip R. Boyce as chairman, Dr. Richard Sieve as vice chairman and treasurer, and Robert A. Lee as secretary. The foundation’s board page lists Phillip R. Boyce as chairman, Dr. Richard Sieve as vice chairman, and Robert Lee as secretary.
The Valley Foundation is led by Phillip R. Boyce, Chairman on every filing since 2019; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Phillip R. Boyce
Chairman
On filings since 2019
4 hrs/week
$12K (2019) → $20K (2025)
Richard Sieve
Vice Chairman & Treasurer
On filings since 2019
4 hrs/week
$16K (2019) → $20K (2025)
Robert A. Lee
Secretary
On filings since 2019
4 hrs/week
$16K (2019) → $20K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $20K, to Phillip R Boyce (Chairman). 3 officers or directors reported compensation on that filing.
Frequently asked questions about The Valley Foundation
How much does The Valley Foundation give each year?
The Valley Foundation gave $3.5M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.5M across 1 grant.
How large is The Valley Foundation?
The Valley Foundation reported $73.1M in total assets on its 2025 IRS Form 990-PF. It paid out $3.5M in qualifying distributions that year, against a required minimum of $3.4M (roughly 5% of its investment assets).
What does The Valley Foundation fund?
The foundation’s stated mission is to support groups dedicated to improving society and to help bring about positive change through grants to organizations operating educational, historical, and preservation programs. It seeks qualified 501(c)(3) charitable organizations. See mission & focus areas ↑
How do I apply for a grant from The Valley Foundation?
The foundation states that it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does The Valley Foundation make grants?
The foundation describes its work as supporting local, national, and regional groups. Its grant program describes a focus on improving quality of life in Santa Clara County and beyond, and says it seeks qualified 501(c)(3) organizations serving residents and communities primarily in Santa Clara County and beyond. The 2025 filing lists its grant recipient in Florida.
What is The Valley Foundation's EIN?
The Valley Foundation's EIN (Employer Identification Number) is 94-1584547. IRS Form 990 filing data is available on this page for 2019–2025.
Does The Valley Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS February 6, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Valley Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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